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Trading EURUSD only

  • #33,561
  • Feb 4, 2013 12:39am Feb 4, 2013 12:39am
Our original posts on the EUR/USD long analysis are attached. Here's an updated picture with the original levels still in place:

http://content.screencast.com/users/...83ea7/Euro.png

1.3070 - (Offers) WR1, DR2 TRIGGERED
1.3035 - (Offers) DR1, WM4, WPV TRIGGERED
1.2980 - (Bids) DPV, WPV, D9EMA, 4H9EMA
1.2950 - (Bids) W50EMA, DS1

Total: +35 pips

Note: Price never retraced to the bid zones. However, per our execution rules, we are allowed to execute into offer zones in the directional bias of our trades.

Yes, this is an update from December. We became extremely busy and had to take a break from posting. We will continue at a slow pace until further notice.

Please read our execution rules & risk disclaimer.

#FXFUSE


Quoting FXFUSE
http://content.screencast.com/users/...12-11_2013.png

Confluence

The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance:

1.3070 - (Offers) WR1, DR2
1.3035 - (Offers) DR1, WM4, WPV
1.2980 - (Bids) DPV, WPV, D9EMA, 4H9EMA
1.2950 - (Bids) W50EMA, DS1

Strength

All of the below are measured in respect to the 1H9EMA:

DPV - Above
WPV - Above
MPV - Above
Daily...
  • #33,562
  • Feb 4, 2013 12:50am Feb 4, 2013 12:50am
http://content.screencast.com/users/...f84c/euro1.png

http://content.screencast.com/users/...15d4/euro2.png

Confluence

The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance:

1.3760 - (Offers) WR1, MR1, DR2
1.3880 - (Offers) WR2
1.3970 - (Offers) WM5, MR2
1.3625 - (Bids) DPV, 1H9EMA,
1.3590 - (Bids) WPV, MM4, DS1

Strength

All of the below are measured in respect to the 1H9EMA:

DPV - Above
WPV - Above
MPV - Above
Daily 9EMA - Above
Daily 4H 9EMA - Above

5/5 Bullish

Forecast

Bias: Long
Trade: Long

Special note: We are suggesting a market entry order right now at 1.3625.

We believe market sentiment has shifted to the extreme, and although a lot of data points to retail traders pinning the top here, we think it's the market makers who will come out on top. Positioning long the euro, in any cross, should be used with full size. We will add more details on how to size correctly at a later date.

Please read our execution rules & risk disclaimer.

#FXFUSE
  • #33,563
  • Feb 4, 2013 12:57am Feb 4, 2013 12:57am
hope LG s work
GL

Quoting FXFUSE
http://content.screencast.com/users/...f84c/euro1.png

http://content.screencast.com/users/...15d4/euro2.png

Confluence

The below are key figures that were determined from multiple layers of indicators at a price point. Bids are support, while offers are resistance:

1.3760 - (Offers) WR1, MR1, DR2
1.3880 - (Offers) WR2
1.3970 - (Offers) WM5, MR2
1.3625 - (Bids) DPV, 1H9EMA,
1.3590 - (Bids) WPV, MM4,...
  • #33,564
  • Feb 4, 2013 1:02am Feb 4, 2013 1:02am
straight deep PB can be ended with double top
means another test to 3700 then down

if it goes there the up slope is important to watch detail
  • #33,565
  • Feb 4, 2013 1:03am Feb 4, 2013 1:03am
but @ 1H we have a problem.
price actulally lower then the buy zone with new lower fractal
  • #33,566
  • Feb 4, 2013 1:05am Feb 4, 2013 1:05am
M1 PV @ 3389
W1 PV @ 3589

the last weeks PV relaced with M1 PV
  • #33,567
  • Feb 4, 2013 1:06am Feb 4, 2013 1:06am
daily Range 41 pips
qiute big for Monday morning
  • #33,568
  • Feb 4, 2013 1:11am Feb 4, 2013 1:11am
Already some core longs on this train below. I will keep following up on this as much as I can. Even if we break solid bid levels, the trend really is still in tact. I'm expecting a push into 1.3760 on a monthly basis, at minimum.

I've also triggered off a EURAUD long suggestion.

All about probabilities, thanks for the comment.

#FXFUSE

Quoting stevewalker
hope LG s work
GL
  • #33,569
  • Feb 4, 2013 1:13am Feb 4, 2013 1:13am
Good morning all,

Does anyone see a large a-b-c correction on the daily chart?

Thanks.
B
  • #33,570
  • Feb 4, 2013 1:15am Feb 4, 2013 1:15am
agreed
Quoting FXFUSE
Already some core longs on this train below. I will keep following up on this as much as I can. Even if we break solid bid levels, the trend really is still in tact. I'm expecting a push into 1.3760 on a monthly basis, at minimum.

I've also triggered off a EURAUD long suggestion.

All about probabilities, thanks for the comment.

#FXFUSE
  • #33,571
  • Feb 4, 2013 1:15am Feb 4, 2013 1:15am
can you pls post your chart
Quoting Bren0001
Good morning all,

Does anyone see a large a-b-c correction on the daily chart?

Thanks.
B
  • #33,572
  • Feb 4, 2013 1:20am Feb 4, 2013 1:20am
Sure Steve,

Here's the chart.

B.
Attached Image (click to enlarge)
Click to Enlarge Name: abcchart.jpg Size: 68 KB
  • #33,573
  • Feb 4, 2013 1:26am Feb 4, 2013 1:26am
OOps,

mislabeled, sorry, tired.

Here's the correct chart.
Attached Image (click to enlarge)
Click to Enlarge Name: abcchart.jpg Size: 73 KB
  • #33,574
  • Feb 4, 2013 1:26am Feb 4, 2013 1:26am
Hi B
TY
may be Uturn2 may answer your Q better then me.
actually I am student @ EW

but according to my outlook UP trend has just started or its about to start

Quoting Bren0001
Sure Steve,

Here's the chart.

B.
  • #33,575
  • Feb 4, 2013 1:28am Feb 4, 2013 1:28am
actually i seems ok from this point of view

but to say its correct we should see the down waves to that point if its correction or imoulsive move

Quoting Bren0001
OOps,

mislabeled, sorry, tired.

Here's the correct chart.
  • #33,576
  • Feb 4, 2013 1:29am Feb 4, 2013 1:29am
Thanks Steve.

B.
  • #33,577
  • Feb 4, 2013 1:29am Feb 4, 2013 1:29am
basicly
we shoıld see this to confirm

Quoting stevewalker
actually i seems ok from this point of view

but to say its correct we should see the down waves to that point if its correction or imoulsive move
Attached Image
  • #33,578
  • Feb 4, 2013 1:30am Feb 4, 2013 1:30am
EW is something I plan on studying at a later date for context. My guess is it will turn into a subconscious element of my trading if I find it useful, but I'll still stick to the methods I can better quantify.

The hardest aspect I have disseminating from EW is when they decide the theory is wrong. An EW opinion on this being a EUR/USD top here is really, really mute without context of when you are willing to admit you're wrong. If that EW correction is what's in store, that is a massive move. So where's the stop?

EW is probably the most bashed technical approach I have ever witnessed in my entire career, but I can't really jump on that wagon yet until I look at it closer. Again, I've just noticed no real context from EW analysts as to when a theory is null - in a quantifiable manner.
  • #33,579
  • Feb 4, 2013 1:33am Feb 4, 2013 1:33am
the main problem with counting waves means EW

its relative from trader to trader & where you looking from.

I am actually reading Luis carlos EW outlook page to learn & every trader has its own way to count
this makes things messy.

there should be one way to count to come to the same conclusion other then that every count correct/wrong

so my guess the best way is to use a code to count waves. tihs will give always same count results.
still relative but fix

Quoting stevewalker
basicly
we shoıld see this to confirm
  • #33,580
  • Feb 4, 2013 1:34am Feb 4, 2013 1:34am
Quoting Bren0001
Sure Steve,

Here's the chart.

B.
Try this count.
Attached Image (click to enlarge)
Click to Enlarge Name: abcchart.jpg Size: 76 KB
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