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EURUSD

  • #717,021
  • Nov 12, 2012 11:50am Nov 12, 2012 11:50am
Quoting Furdean2
Dont say banks are having holidays, europe and asia are not here, europe is always there, and the big boys are looking with one eye at the market even if it is holiday,
sorry to say this, look like a kind opinion was returned with a snobby reply, if you think u got the answer so be it and congrats, apparently someone is ignorant about market movements and price action.

Try trading us lone session for a few months that does not have major events, and you will then realize what i am referring about [ experience ], The factors that i get comes from ex-chief dealers of tier 1 banks, so i would choose to listen to what they tell me and continue to learn from someone who knows more than me.

+ added to ignore, seems no more reason for debate.
  • #717,022
  • Nov 12, 2012 11:58am Nov 12, 2012 11:58am
Quoting Furdean2
I like your theory, i will give u one LIKE.
Thank You Furdean2. I appreciate it.
  • #717,023
  • Nov 12, 2012 12:07pm Nov 12, 2012 12:07pm
Morning all,

Market settled above 1.2709 no decent rebound, I see this as a good opportunity for a pending short below.

Reason: Market has no significant bounce to the upside indicating lack of bull power.

Expecting something like this to happen: http://www.babypips.com/school/rectangles.html

Good luck!
Even the worst trade can close with profit. Just give it time.
  • #717,024
  • Nov 12, 2012 12:14pm Nov 12, 2012 12:14pm
Quoting John Gray
Morning all,

Market settled above 1.2709 no decent rebound, I see this as a good opportunity for a pending short below.

Reason: Market has no significant bounce to the upside indicating lack of bull power.

Expecting something like this to happen: http://www.babypips.com/school/rectangles.html

Good luck!
Supported by a downward channel on high time frames and 38.2 fib changed to a resistance about on Friday
Even the worst trade can close with profit. Just give it time.
  • #717,025
  • Nov 12, 2012 12:18pm Nov 12, 2012 12:18pm
Quoting 5percent
sorry to say this, look like a kind opinion was returned with a snobby reply, if you think u got the answer so be it and congrats, apparently someone is ignorant about market movements and price action.

Try trading us lone session for a few months that does not have major events, and you will then realize what i am referring about [ experience ], The factors that i get comes from ex-chief dealers of tier 1 banks, so i would choose to listen to what they tell me and continue to learn from someone who knows more than me.

+ added to ignore,...
Of course it is better to listen to a chief dealers because he know what he talks but he knows more than we do because a bank always know more than we do, but if you dont work in a bank u just look at the price movement like the others, why we never catch a rally and the banck always do because the rally is generating by a bank or a few banks at the same time, and i was not snobb to u r argument it was just my oppinion, sorry if u think like that, of course if i will ask bernake what does he think about a movement he will give always the right answer because he can move the market like the bank does, sorry again, i have never think to be rud
  • #717,026
  • Nov 12, 2012 12:24pm Nov 12, 2012 12:24pm
LOL, i was added to ignore just because my oppinion was not like yours, i think u r the kind of person who aks should i buy or seel now? now i was rud
  • #717,027
  • Nov 12, 2012 12:27pm Nov 12, 2012 12:27pm
EURUSD been tracking DE10yr's well over the last few weeks and have stayed very tightly correlated (apart from two major parts where quick reversions were seen). Today has seen them track near perfectly. Unfortunately I see it pretty range bound for next 12 hours unless Dow does something big.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD vs DE10.jpg Size: 141 KB
  • #717,028
  • Nov 12, 2012 12:34pm Nov 12, 2012 12:34pm
Quoting OscarJP
Hi all,

below You will find my theory about nearest moves on EUR/USD.

I believe that we are in the process of creating a wedge, which usually occurs in the last fifth wave. (screen 1 and 2)

And all indications are that in the next few days should see the appreciation of the euro.
Let see if it happend. I remember the last month on 10, in eurjpy, it was an awsome falling wedge. It was a great trade, but it was coming on rumors in Japan press about new QE. Maybe eur is setup for something now, only a news or rumors can pull up.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 43 KB
  • #717,029
  • Nov 12, 2012 12:44pm Nov 12, 2012 12:44pm
For DAILYTRADER: BULL HORN Formation!
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 64 KB
  • #717,030
  • Nov 12, 2012 1:00pm Nov 12, 2012 1:00pm
Not a good day to trade, my long continues... lets see.
  • #717,031
  • Nov 12, 2012 1:01pm Nov 12, 2012 1:01pm
Quoting John Gray
Supported by a downward channel on high time frames and 38.2 fib changed to a resistance about on Friday
Hey, the thing about the channel and the fib retracement level was just on my mind, thank you for confirming that. I am a beginner and tend not to trust my hunch that much.

But could you please explain the relation between the rectangles and the current price action? I seem to be missing something out.

Thanks
  • #717,032
  • Nov 12, 2012 2:20pm Nov 12, 2012 2:20pm
Quoting 5percent
no one would know the real reason. But few factors that's lacking in the move is price is consolidating its losses from the breakout recently, banks are having holidays, europe and asia are not here, market slip into low volatility. U have a even tighter range until asia opens again or unless someone fart over the news to give the price a push to either side.

If eur/usd closed in a + shape or above 1.2715 area in new york closing, i am long with this pair.
You are spot on 5percent. What a lot of technical traders forget to factor into their trading is real life. That things in real life effect the movements of price. Holidays for the average tech trader is like tradeggedon.


"Why is price acting this way? Doesn't price love me anymore! What can I do to win you back price???!!!" says the lonely techie on bank holidays.

LMAO
  • #717,033
  • Nov 12, 2012 2:48pm Nov 12, 2012 2:48pm
Quoting torontobboy2
eur/usd

Still in the same range.... But now it seems it might go up...
Take profit now set to 1.2705
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-nov-12-2012.gif Size: 23 KB
  • #717,034
  • Nov 12, 2012 3:47pm Nov 12, 2012 3:47pm
Quoting torontobboy2
Still in the same range.... But now it seems it might go up...
Take profit now set to 1.2705
I find during the calm hours that price can often break a trendline or pattern and simply keep on going sideways giving you the impression the trendline or pattern was not valid. (Of course, this changes during a strong trend on a daily chart, I mean using daily candlesticks).
  • #717,035
  • Nov 12, 2012 6:20pm Nov 12, 2012 6:20pm
Quoting clambill
I find during the calm hours that price can often break a trendline or pattern and simply keep on going sideways giving you the impression the trendline or pattern was not valid. (Of course, this changes during a strong trend on a daily chart, I mean using daily candlesticks).
Target reached.
  • #717,036
  • Nov 12, 2012 6:23pm Nov 12, 2012 6:23pm
eur/usd daily view....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-daily.gif Size: 25 KB
  • #717,037
  • Nov 12, 2012 6:24pm Nov 12, 2012 6:24pm
Quoting Lonewolf
i live in the US. i want to know the exact time that london opens. sm1 shld pls clarify for me.
3 AM Est for UK,France,Germany....

Check this site

http://www.marketclocks.com/?content=market&region=3
  • #717,038
  • Nov 12, 2012 6:26pm Nov 12, 2012 6:26pm
15min reversal candle forming?
  • #717,039
  • Nov 12, 2012 6:38pm Nov 12, 2012 6:38pm
Quoting solsys
15min reversal candle forming?

Be careful of making this assumption on US bank holiday. Not enough market participants to render the full scope of investor sentiment.
  • #717,040
  • Nov 12, 2012 6:38pm Nov 12, 2012 6:38pm
Quoting clambill
I find during the calm hours that price can often break a trendline or pattern and simply keep on going sideways giving you the impression the trendline or pattern was not valid. (Of course, this changes during a strong trend on a daily chart, I mean using daily candlesticks).
I prefer simply following the price and the trend. Market does not care what you think or assume, what you find or invent. Price does not give an impression, it does what it has to.
As Above, So Below
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