EurAnalysis | Page 3205 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #64,081
  • Dec 20, 2012 11:22pm Dec 20, 2012 11:22pm
Quoting cdndollar
IMO any trader that had been in this market for a while & had cut their teeth in this cesspool seriously think Euro will do a "V Reversal" from here after taking out a strong multi-month supply zone need a humble "Plan B"..

Everything is possible, I just see good supply demand point and that works great instead of having a bias which kills trading account often.

I see Buy opportinity for 1.3220, 1.3250 and I can not able to look more further for now.
  • #64,082
  • Dec 21, 2012 1:37am Dec 21, 2012 1:37am
Quoting PipTrapper
This is the bubble burst I've been telling you about.

How appropriate that in comes on Doomsday. The ancient Mayans are chuckling in their graves... Perhaps that's why we had a "Gravestone" doji on E/U and G/U
Hey PT,

I've been keeping a close eye on all of the majors and I am also in agreement that we are now seeing our downward movement most of us have been anticipating.

Just posted in the AUD/USD thread but I'll re-post here for others to read. **I actually thought the daily GBP/USD was a Shooting Star but "Gravestone Doji" also works for my analysis.

I knew I said I was going to sit things out but I couldn't help myself once charts confirmed my bearish bias for multiple currency pairs. Also, my EUR/AUD longs did great. Closed out all of my longs for roughly 500 pips and re-entered again at 1.263


Bearish on most Majors:

AUD/USD: Looks like it has formed a Bearish Engulfing Bar on the weekly candle. Also, it tested the weekly TL which has been in effect since July of 2011.

NZD/USD: Tested it's weekly resistance at .8424 and was rejected. Weekly candle is also Bearish Engulfing Bar (BEEB).

GBP/USD: Tested it's weekly resistance as well at 1.627 but failed to close above on the daily close. 12/19 daily candle was a Shooting Start which gave a bearish signal. This level has not been broken and confirmed on a weekly close since August 2011.

EUR/USD: I personally don't like trading this pair but looks like it may have reached the top as well.

US Equities: Big sell off today due to "fiscal cliff" concerns.

**Due to all of the majors testing important resistance zones on the weekly charts as well as certain daily/weekly candle formations I am now bearish on most majors meaning USD bullish. I was a little early on my shorts earlier this month but am now confident in shorting AUD/USD as well as the other majors. USD Bullish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD Weekly.jpg Size: 144 KB
Click to Enlarge Name: AUDUSD Daily.jpg Size: 130 KB
Click to Enlarge Name: NZDUSD Weekly.jpg Size: 121 KB
Click to Enlarge Name: GBPUSD Weekly.jpg Size: 132 KB
Click to Enlarge Name: GBPUSD Daily.jpg Size: 130 KB
  • #64,083
  • Dec 21, 2012 1:42am Dec 21, 2012 1:42am
Well, well - eu actually didn't shoot up on negative figures (GfK German Consumer Climate
5.6 actual5.9 projected) for a change
  • #64,084
  • Dec 21, 2012 2:00am Dec 21, 2012 2:00am
Quoting msood
Well, well - eu actually didn't shoot up on negative figures (GfK German Consumer Climate
5.6 actual5.9 projected) for a change
If it had, I would be throwing the computer out the window.

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #64,085
  • Dec 21, 2012 2:01am Dec 21, 2012 2:01am
Quoting 100PipsADay
Hey PT,

I've been keeping a close eye on all of the majors and I am also in agreement that we are now seeing our downward movement most of us have been anticipating.

Just posted in the AUD/USD thread but I'll re-post here for others to read. **I actually thought the daily GBP/USD was a Shooting Star but "Gravestone Doji" also works for my analysis.

I knew I said I was going to sit things out but I couldn't help myself once charts confirmed my bearish bias for multiple currency pairs. Also, my EUR/AUD longs did great. Closed out...
Excellent yet simple analysis. Just the way I like it. Overbought against strong long running resistance. You won't find a better RR than that.
Those who say it cannot be done should not interrupt those who are doing it
  • #64,086
  • Dec 21, 2012 2:08am Dec 21, 2012 2:08am
Quoting PipTrapper
If it had, I would be throwing the computer out the window.


I have on occasion felt like doing that myself
  • #64,087
  • Dec 21, 2012 2:19am Dec 21, 2012 2:19am
GM - my jury is still out on a top being in and I remain nervous about a further bear squeeze, so I'll stay with my short term ID signals and trades....the current FH chop is not helpful, so I'll get another cup of coffee.....

The colored zones are the LTRATR projections and I've also noted Red's levels....3214 is the first level to watch after supply in the S 1 area with some good volume in the Asian session....

Edit: whoops, MS 1 should be S 1
Attached Image (click to enlarge)
Click to Enlarge Name: dec 21 € 0810 gmt.gif Size: 30 KB
Trading Levels with WRBs
  • #64,088
  • Dec 21, 2012 2:22am Dec 21, 2012 2:22am
Quoting PipTrapper
Excellent yet simple analysis. Just the way I like it. Overbought against strong long running resistance. You won't find a better RR than that.
Yep! Weekly support and resistance zones are important and I am trying to pay more attention to them and observe price action at those levels. I definitely got in a little early last week with my shorts and my mind started playing games with me once price kept moving up...so I closed for a loss.

I should have been a little more patient and wait for confirmation before shorting last week! However, account is now up 20% since Nov. 22. Anyways, below is my closed profit and loss from this week's trades. Second chart is current open trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trade History.png Size: 67 KB
Click to Enlarge Name: Open Trades.png Size: 64 KB
  • #64,089
  • Dec 21, 2012 2:31am Dec 21, 2012 2:31am
USDX Daily looks bullish to me. Dragonfly doji followed by bullish hammer and so far an engulfing day.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #64,090
  • Dec 21, 2012 2:36am Dec 21, 2012 2:36am
Look at it in a 5 hour chart and it looks even better. A double bottom with tweezers reversal bars confirmed by a topside breach of neckline. This should easily target 79.80

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #64,091
  • Dec 21, 2012 2:42am Dec 21, 2012 2:42am
eu wants to eat more stops, i think, before going down further

can someone please give it a good shove
  • #64,092
  • Dec 21, 2012 2:46am Dec 21, 2012 2:46am
Quoting msood
eu wants to eat more stops, i think, before going down further

can someone please give it a good shove
We have to wait for UK GDP. Nobody is doing anything until then.

Also, bears are waiting for better price to sell from and bulls are trying to figure out what happened to them last night

(I'm not talking about retail traders... strictly institutional)

On top of that we are sitting on significant support here. Remember that we took many weeks to break above 1.3180 so we won't go below very easily.
Those who say it cannot be done should not interrupt those who are doing it
  • #64,093
  • Dec 21, 2012 2:52am Dec 21, 2012 2:52am
Im looking in to 3226/28 very closely
69
  • #64,094
  • Dec 21, 2012 2:57am Dec 21, 2012 2:57am
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #64,095
  • Dec 21, 2012 2:58am Dec 21, 2012 2:58am
Quoting Likerty
Im looking in to 3226/28 very closely
excellent level. Did you get in?
Those who say it cannot be done should not interrupt those who are doing it
  • #64,096
  • Dec 21, 2012 2:59am Dec 21, 2012 2:59am
Quoting PipTrapper
If it had, I would be throwing the computer out the window.

http://www.youtube.com/watch?v=-qIkudP2GUs
Hummmm, that's a fake
When i'm trowing my computer out of the windows, the screen is following it, or maybe it's a bluetooth screen ?
  • #64,097
  • Dec 21, 2012 3:07am Dec 21, 2012 3:07am
Quoting PipTrapper
excellent level. Did you get in?
Not yet - watching how re-test turns out.. Will enter surely if it gets rejected and reverses with momentum and breaches LO level again..

3250'ties is another where I would enter on the first touch and maybe leave it for long time..
69
  • #64,098
  • Dec 21, 2012 3:08am Dec 21, 2012 3:08am
Quoting wingou
Hummmm, that's a fake
When i'm trowing my computer out of the windows, the screen is following it, or maybe it's a bluetooth screen ?
I have no doubt it is a fake. They were probably replacing that front window that same day anyway so they took advantage of the situation and made a video.
Who the hell records themselves using a computer anyway... with the camera aimed perfectly to catch all the action?
Those who say it cannot be done should not interrupt those who are doing it
  • #64,099
  • Dec 21, 2012 3:09am Dec 21, 2012 3:09am
Quoting PipTrapper
We have to wait for UK GDP. Nobody is doing anything until then.

Also, bears are waiting for better price to sell from and bulls are trying to figure out what happened to them last night

(I'm not talking about retail traders... strictly institutional)

On top of that we are sitting on significant support here. Remember that we took many weeks to break above 1.3180 so we won't go below very easily.
NOT FAIR!
  • #64,100
  • Dec 21, 2012 3:10am Dec 21, 2012 3:10am
Quoting Likerty
Not yet - watching how re-test turns out.. Will enter surely if it gets rejected and reverses with momentum and breaches LO level again..

3250'ties is another where I would enter on the first touch and maybe leave it for long time..
Yes that 3250 level may be a target today because there are FX options with that strike price expiring today.
Those who say it cannot be done should not interrupt those who are doing it
75 traders viewing now