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EURUSD

  • #742,681
  • Jan 8, 2013 2:46am Jan 8, 2013 2:46am
Quoting MaxDoom
EU longs need usdx to keep below the weekly pivot in the immediate timeframe
PA is playing with the 4H figures so far and trying to make a close above 1.3122... Good job Max, I couldn't enter anything yet... 1.3140 - 1.3158- 1.3176 all on the way if we do close above 1.3122...
  • #742,682
  • Jan 8, 2013 2:47am Jan 8, 2013 2:47am
Quoting EuroTrader
"Japan will buy bonds issued by the European Stability Mechanism to help weaken the yen, Finance Minister Taro Aso said."


This means strong EUR ... North then .... this only one opinion no recommendation :nerd:
But this would mean they are selling their foreign currencies - not buying new ! Maybe this will weaken the Yen as it increase Japan exposure to the Eurozone .. but how it helps the Euro !
"It's the Margin, Stupid."
  • #742,683
  • Jan 8, 2013 2:48am Jan 8, 2013 2:48am
For those considering short, i guess 3128 is the level if holds of course
  • #742,684
  • Jan 8, 2013 2:48am Jan 8, 2013 2:48am
Quoting mohan76
that head line was out during Asian session , eu did small spike and reversed
Yes because the EUR sentiment is SHORT ... but when the Big Players will come into the arena things can change ...

But this had nothing to do with technical analysis ...
  • #742,685
  • Jan 8, 2013 2:49am Jan 8, 2013 2:49am
Quoting math_GB
Blame the product we are trading, we can all turn into faggots if we trade this shite long enough
Inserted Video

have 3123 to watch here again
  • #742,686
  • Jan 8, 2013 2:50am Jan 8, 2013 2:50am
Quoting EuroTrader
Yes because the EUR sentiment is SHORT ... but when the Big Players will come into the arena things can change ...

But this had nothing to do with technical analysis ...
Maybe weekly , but not on the daily and Hourly... so technical supported the run and fundamental delivered ! Either they are not interested to buy or there is something fishy about the news
"It's the Margin, Stupid."
  • #742,687
  • Jan 8, 2013 2:50am Jan 8, 2013 2:50am
Quoting Vachus
But this would mean they are selling their foreign currencies - not buying new ! Maybe this will weaken the Yen as it increase Japan exposure to the Eurozone .. but how it helps the Euro !

They will buy EUR to buy bonds with ....
  • #742,688
  • Jan 8, 2013 2:50am Jan 8, 2013 2:50am
just waiting for the break.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5QI9D$Q$69SI[NV7BI%Y9AU.jpg Size: 129 KB
Click to Enlarge Name: Y2%4VV)EKNYH$%~4FY$5P]T.jpg Size: 112 KB
A chart helps those who can read it.
  • #742,689
  • Jan 8, 2013 2:50am Jan 8, 2013 2:50am
Quoting MaxDoom
the chart shows a point B already labelled (wB) there is no set rule on where it forms but for a correction the structure should adhere to basic correction principles especially in the first two waves after that complexion can set in. I would expect wA to form below 38% normally, wB could be anywhere back to 0%

So what would the fib parametres be from point B to C in this kind of a correction scenario? if you understand what i am saying.
  • #742,690
  • Jan 8, 2013 2:51am Jan 8, 2013 2:51am
LOL! Took the bears 3 hours to drop the price by 15 pips. Bulls took it all back and then some in less than 2 minutes. Gotta love it...
  • #742,691
  • Jan 8, 2013 2:51am Jan 8, 2013 2:51am
just retesting the 27 resistance b4 the down move,
  • #742,692
  • Jan 8, 2013 2:53am Jan 8, 2013 2:53am
Quoting EuroTrader
They will buy EUR to buy bonds with ....
No , they won't - they will be using their own foreign FX reserves ...
"It's the Margin, Stupid."
  • #742,693
  • Jan 8, 2013 2:59am Jan 8, 2013 2:59am
Quoting Vachus
No , they won't - they will be using their own foreign FX reserves ...

Maybe ... but if they want a lower YEN ... they will try to enforce other currencies ....

But ok I will not fight for this because it is only one hypothesis :nerd:
  • #742,694
  • Jan 8, 2013 3:01am Jan 8, 2013 3:01am
Clear break of Channel....

I prefer 1st scenario

We will go first to 1.3150/58 (1st focus). A clean break of 1.3150/58 is required to go 1.3185.

A break of 1.3185 opens the 1.3300.

second scenario

A clear break downwards of 1.3120 after touch 1.3150/58 resistance opens 1.3092 (green channel)
A break of 1.3092 (green channel) opens the 1.3049 support area.

A break of 1.3049 is clearly bearish.

Good trades.......
Attached Image (click to enlarge)
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  • #742,695
  • Jan 8, 2013 3:03am Jan 8, 2013 3:03am
Been long from 112, again just waited for it to test the Asia range. Could have waited a bit longer but after yesterday felt the right move, will start posting my entries live if I'm at my PC. Bit difficult in the morning, I'm either getting ready for work or in the car!

Looking for it to test the Asia high next at 139
  • #742,696
  • Jan 8, 2013 3:09am Jan 8, 2013 3:09am
Okay ...

We know it is trending up ...

Obviously you don't need to wait for significant dips to come ...

###

And a so-called 'position trader' would not care much about all those pattern ...

Maybe he would tend to start from 1.3113 zone (GF 21) and probably wait for somewhat at around 1.3246 - 1.3300 (GE 23 etc) to come ...

2013-01-08_08h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-02 # FY11 (EN Daily, Weekly).PNG (130.2 KB)

Let me hear what you try to do ...

Or without mentioning I would tend to assume you are waiting and standing on the side for now ... ...

But please refrain from telling them peoples in a few days that you would have been LONG since 1.3020 without mentioning your ENTRIES at that point of time ...






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #742,697
  • Jan 8, 2013 3:15am Jan 8, 2013 3:15am
Quoting mercy seat
Okay ...

We know it is trending up ...

Obviously you don't need to wait for significant dips to come ...

###

And a so-called 'position trader' would not care much about all those pattern ...

Maybe he would tend to start from 1.3113 zone (GF 21) and probably wait for somewhat at around 1.3246 - 1.3300 (GE 23 etc) to come ...

2013-01-08_08h00 - ZigZag + Pivot Survey _ EURUSD _ Rolling _ W-02 # FY11 (EN Daily, Weekly).PNG (130.2 KB)

Let...
SH 1.3124 SL 1.3132
  • #742,698
  • Jan 8, 2013 3:17am Jan 8, 2013 3:17am
the trend is up.. the news is good for euro.... why the price doesn't move up fast...??
  • #742,699
  • Jan 8, 2013 3:18am Jan 8, 2013 3:18am
Quoting belantara
the trend is up.. the news is good for euro.... why the price doesn't move up fast...??
Press conference with Greek PM & Merkel going on, prob some more movement after its done
  • #742,700
  • Jan 8, 2013 3:19am Jan 8, 2013 3:19am
please check daily and 4 hour confluences for shorts
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