EurAnalysis | Page 3018 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #60,341
  • Nov 8, 2012 5:19am Nov 8, 2012 5:19am
Quoting mka_78
I think cable will fall to 1.586-45 where daily 100sma and 200sma MA are waiting
Looks like 6000 was just stop hunted...if we close below today's open then I believe we should see 586.. tmr
Those that say do not know. Those that know do not say.
  • #60,342
  • Nov 8, 2012 5:22am Nov 8, 2012 5:22am
Attached Image


Sorry, PT, couldn't help myself
  • #60,343
  • Nov 8, 2012 5:23am Nov 8, 2012 5:23am
Quoting PipTrapper
5902 is where I take partial profit. From there I let the rest ride and look to fade the next swing high. I see a very bullish scenario for USD over the coming weeks into year end. The risk markets are overbloated on hopium so it's high time for the bubble to let out some air before it bursts.
I think once the air starts to leak out that bubble cable could fall well below 56.. by mid next week... what do u think?
Those that say do not know. Those that know do not say.
  • #60,344
  • Nov 8, 2012 5:39am Nov 8, 2012 5:39am
Quoting redteamgo
i agree, i got greedy. still had a very good day just could have been better.

i see 2790/2810 in scope for re-entry late tonight or tomorrow. depends on PA until then
let us all mock me for covering prematurely. still looking for 2790/2810...
Any prices quoted are futures
  • #60,345
  • Nov 8, 2012 5:45am Nov 8, 2012 5:45am
Quoting CommercialB
Reverse bearish divergence

Add: ie price making lower highs while macd making higher highs
I fail to grasp it still, reverse bearish meaning its potentially bullish or just that it is bearish but opposite of what price is suggesting? Clarification would be much appreciated.
  • #60,346
  • Nov 8, 2012 5:53am Nov 8, 2012 5:53am
Quoting ohenry
I think once the air starts to leak out that bubble cable could fall well below 56.. by mid next week... what do u think?
I've got 1.53 as a MAJOR weekly/monthly support area for GBP/USD. Price seems to make its way back there time and time again. Once we close below daily TL I will look to short G/U until 1.55 or so just to be safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD D1.jpg Size: 204 KB
Click to Enlarge Name: GBPUSD Weekly.jpg Size: 203 KB
  • #60,347
  • Nov 8, 2012 5:55am Nov 8, 2012 5:55am
Quoting lumesh
Those stops start to accumulate ONCE the orders of 2700 are cleared. Those who buy at 2700 (in your oanda example) need to get out somewhere, don't they ?

Do you mean that if we don't see for buyers a significant accumulated line on the graph for TP above 2700 then the most of those orders are SL for long position?

I'm just trying to learn how to use those information :-)
  • #60,348
  • Nov 8, 2012 6:18am Nov 8, 2012 6:18am
Quoting ohenry
I think once the air starts to leak out that bubble cable could fall well below 56.. by mid next week... what do u think?

on the back of 1% growth figure and no QE ?

what's your arguments ? Other than you being currently short.
  • #60,349
  • Edited 8:09am Nov 8, 2012 6:18am | Edited 8:09am
Quoting Unknownpips
I fail to grasp it still, reverse bearish meaning its potentially bullish or just that it is bearish but opposite of what price is suggesting? Clarification would be much appreciated.
No. Reverse bearish divergence is still bearish, just like normal bearish divergence, and in the example of PT's weekly chart it is the price that gives us the bearish divergence ie price dropping hence bearish. Normal bearish would be price making higher highs and macd making lower highs, hidden div is price making lower highs and macd making higher highs ....now even I'm getting confused ...check out babypips & google it etc ..it comes after a while.....btw correct me anyone if I explained it badly.
The spoken word is your master, the unspoken word your slave.
  • #60,350
  • Nov 8, 2012 6:29am Nov 8, 2012 6:29am
Quoting lumesh
on the back of 1% growth figure and no QE ?

what's your arguments ? Other than you being currently short.
I have but one argument a setup on the daily: Anticipated DD till around 6030 / TP @ 5772 with partial @ 5863...SL @ 6140...no bells & whistles required... So I would assume that you are long?
Those that say do not know. Those that know do not say.
  • #60,351
  • Nov 8, 2012 6:37am Nov 8, 2012 6:37am
Quoting Unknownpips
I fail to grasp it still, reverse bearish meaning its potentially bullish or just that it is bearish but opposite of what price is suggesting? Clarification would be much appreciated.
Bearish reverse/hidden divergence is identical to classic bearish divergence. The difference is hidden bearish PA is making a Lower High and Indicator Higher High indicating PA is going to move lower - Short.

This picture is not mine - pulled it from internet.

Attached Image (click to enlarge)
Click to Enlarge Name: Divergence.jpg Size: 90 KB

Attached File(s)
File Type: pdf Hidden_Divergence.pdf   245 KB | 272 downloads
  • #60,352
  • Nov 8, 2012 6:38am Nov 8, 2012 6:38am
Oh So very very boring. I think I need some excitement so I will go paint my wall so I can watch it dry.

However, the inability of the bulls to drive price back into the 1.28xx-1.30xx range is good news to the long term Euro bear (ie me). The bulls are doing their best but they just don't have enough firepower to drive the bears back.

I guess I could liven things up imagining the ongoing battle between bulls and bears. It is a bit like 1914 where two sides do their best to overpower the other but the trench just won't move. However sooner or later somebody will defect, the line will break and carnage will reign.
Kill the ego, or it will kill the mission.
  • #60,353
  • Nov 8, 2012 6:43am Nov 8, 2012 6:43am
Quote
Originally Posted by Luis Carlos
Hi there

1,2765 was hit today, but looking the whole market and correlations we could have some correction to (1.284/7) somewhere there and then below 1.2765 and then the market will decide if we go below 1.20 or retest 1.348...

Also 1,5955 was hit yesterday, 1.0330 was hit friday. This is why I am talking about correlations are very important now...
I think 1.2725 is the last point

Quoting Luis Carlos
I think 1.2725 is the last point
Let see if the market works on my way and begin the bullish trend
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #60,354
  • Nov 8, 2012 6:56am Nov 8, 2012 6:56am
looks like heavy selling to me. Draghi's saying euro is in better shape then the $ (more or less), we see lots of volume, and not much happening to the price, so I suspect premature short covering, capped by sellers in the know.
Another thing, letting the markets digest QE3, there seems to be a notion of unlimited dollar supply vs. a constrained one on the euro side. IMO this calls for a contrarian stance, as unlimited supply of anything is a preposterous concept. In case of the $ it was an awesome short squeeze driver, beefed up by the media to influence the trading folk. In reality its probably much more limited and controlled, just on par with the EU printing needed to bail out everyone. So more or less, there's a balance, with a short inclination.
  • #60,355
  • Nov 8, 2012 7:05am Nov 8, 2012 7:05am
another divergence chart
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 111 KB
TRADE FOR SWAP
  • #60,356
  • Nov 8, 2012 7:09am Nov 8, 2012 7:09am
Quoting Luis Carlos
Let see if the market works on my way and begin the bullish trend
I see tomorrow bullish, so looking for a long entry around 1.2715-10.
  • #60,357
  • Nov 8, 2012 7:11am Nov 8, 2012 7:11am
Quoting rekon67
I see tomorrow bullish, so looking for a long entry around 1.2715-10.
i see today bullish to retest 1.2785/90
The Phoenix Trader....
  • #60,358
  • Nov 8, 2012 7:15am Nov 8, 2012 7:15am
Quoting sunilpawar
i see today bullish to retest 1.2785/90
Ok...Long Scalp .. but today I see lot of trap and guess I am done for the day. GL.
  • #60,359
  • Nov 8, 2012 7:44am Nov 8, 2012 7:44am
Quoting CheG
Attachment

Sorry, PT, couldn't help myself
Those who say it cannot be done should not interrupt those who are doing it
  • #60,360
  • Nov 8, 2012 7:46am Nov 8, 2012 7:46am
Quoting ohenry
I think once the air starts to leak out that bubble cable could fall well below 56.. by mid next week... what do u think?
The way the markets have been moving lately, it's very hard to put a short term timeline on any move. However, I agree with your projection (if not much lower)... just not going to speculate on the time it takes to get there.
Those who say it cannot be done should not interrupt those who are doing it
16 traders viewing now