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EURUSD

  • #759,521
  • Feb 15, 2013 4:18am Feb 15, 2013 4:18am
4 small tf 3350 again soon
  • #759,522
  • Edited 4:34am Feb 15, 2013 4:24am | Edited 4:34am
I'm such a chicken sometimes...didn't take the EURJPY retrace and it's now too close to the 123.70 level for my liking. Oh well, time for my next coffee.

ECB:"Exchange rate is not a policy target but is important for growth, price stability..."

Soooooooo...they want growth and price stability...and "exchange rates are an important factor" in this. But somehow it's NOT a policy target. Makes perfect sense, thank you clowns at the ECB.

In other news, I am really hungry and food would solve that issue...I won't make food a "policy target" though.

Clowns, all of them...
  • #759,523
  • Feb 15, 2013 4:29am Feb 15, 2013 4:29am
Quoting 4exNinja
I'm such a chicken sometimes...didn't take the EURJPY retrace and it's now too close to the 123.70 level for my liking. Oh well, time for my next coffee.
No pain, no gain !
  • #759,524
  • Feb 15, 2013 4:39am Feb 15, 2013 4:39am
Quoting math_GB
Ich glaub's...
Ich glaub's auch!
  • #759,525
  • Feb 15, 2013 4:40am Feb 15, 2013 4:40am
Quoting Paradroid
Does anyone think for the EURJPY that 122 - 123 are more significant areas for support for further moves up?

123 is the 0.382 fib level from the highs established back in 2008, and 122 is the 0.618 fib level from the highs established back in 2009. Also, a simple AB=CD from 6th-8th February (AB leg), would suggest 122-123 as the CD completion point?!?

For anyone that's interested, in EURUSD I'm also watching what I reckon is a bullish bat pattern form from the 23rd Jan...in the PRZ right now...see what happens next I suppose....not 100% confident...

I see EURJPY has bounced right off that first fib level I mentioned yesterday, looking for the other one @ 122.05 next for support (the weekly s1 is just above it @ 122.19).

For EURUSD I've attached the chart I did yesterday looking at that potential harmonic pattern - again, I see it bounced right off the 0.886 fib yesterday and it was re-tested again this morning...I'd like to see it move down further to 132.86 to fully test the PRZ and stabilise for a bit before any bullish candles north (timeframes suggest it would be Monday for pattern completion). Any harmonic traders out there in EURUSD land?


Paradroid
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 204 KB
  • #759,526
  • Feb 15, 2013 4:40am Feb 15, 2013 4:40am
Quoting 4exNinja
I'm such a chicken sometimes...didn't take the EURJPY retrace and it's now too close to the 123.70 level for my liking. Oh well, time for my next coffee.

ECB:"Exchange rate is not a policy target but is important for growth, price stability..."

Soooooooo...they want growth and price stability...and "exchange rates are an important factor" in this. But somehow it's NOT a policy target. Makes perfect sense, thank you clowns at the ECB.

[b]In other news, I am really hungry and food would solve that issue...I won't make food a "policy target"...
Brilliant.
  • #759,527
  • Feb 15, 2013 4:44am Feb 15, 2013 4:44am
lets see
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 93 KB
looking for investors . pm me
  • #759,528
  • Feb 15, 2013 4:45am Feb 15, 2013 4:45am
Quoting Paradroid
For EURUSD I've attached the chart I did yesterday looking at that potential harmonic pattern - again, I see it bounced right off the 0.886 fib yesterday and it was re-tested again this morning...I'd like to see it move down further to 132.86 to fully test the PRZ and stabilise for a bit before any bullish candles north (timeframes suggest it would be Monday for pattern completion). Any harmonic traders out there in EURUSD land?

Paradroid
I am watching closely how price behaves on the bunch of 3x50MA's.
They have played an important role of strong support since November 2012 and we just sit on it at this moment.
Will it break it or take it? I don't know but price should make some reaction at this level...

Attached Image (click to enlarge)
Click to Enlarge Name: eurousd.gif Size: 28 KB
Read Charts - Not Papers
  • #759,529
  • Feb 15, 2013 4:47am Feb 15, 2013 4:47am
EUR/USD BUY Zone for me today is 1.3300/20 with Targets 1.3440.
  • #759,530
  • Feb 15, 2013 4:50am Feb 15, 2013 4:50am
Quoting attila
morning. hope it's not a repeat of yesterday.. one move and then nothing.
why I disappeared
  • #759,531
  • Feb 15, 2013 4:50am Feb 15, 2013 4:50am
Every time Draghi opens his mouth I get this mental picture of a monkey on LSD driving a tank...
Attached Image
  • #759,532
  • Feb 15, 2013 4:52am Feb 15, 2013 4:52am
Quoting Schickeria
EUR/USD BUY Zone for me today is 1.3300/20 with Targets 1.3440.
At least wait untill 11:00 UK time - less than 10 mins from now - LTRO update bruder Slight chance it may slip a little below 1.3300s I guess but I will be buying too even if it doesn't drop that much.
  • #759,533
  • Feb 15, 2013 4:54am Feb 15, 2013 4:54am
Quoting MaxDoom
why I disappeared
then stay here, damn it.
  • #759,534
  • Feb 15, 2013 4:54am Feb 15, 2013 4:54am
Your broker doesn't allow hedging? I observed a solution on EU and EJ pairs.

Some brokers does not allow hedging (e.g. OANDA). They suggest alternative solution to create a sub-account but it is troublesome to manage 2 accounts.

My observation so far, EU and EJ has relative motion at an average ratio of 1:3. That is, If 1 pip moved in EU there comes 3 pips movement in EJ.

We can use this to our advantage to overcome hedging problem. For example, if you have LONG position and it goes against you then you can SHORT EJ.

Please correct me If I am wrong.
  • #759,535
  • Feb 15, 2013 4:54am Feb 15, 2013 4:54am
Quoting 4exNinja
Every time Draghi opens his mouth I get this mental picture of a monkey on LSD driving a tank...
You think Trichet was better good looking...?
  • #759,536
  • Feb 15, 2013 4:55am Feb 15, 2013 4:55am
YUP
Attached Image (click to enlarge)
Click to Enlarge Name: YUP.png Size: 52 KB
Founder of Sutherland Wave Principle
  • #759,537
  • Feb 15, 2013 4:56am Feb 15, 2013 4:56am
If 1.3305 is taken out, it is a down day.
  • #759,538
  • Feb 15, 2013 4:58am Feb 15, 2013 4:58am
Quoting Magicmen
Your broker doesn't allow hedging? I observed a solution on EU and EJ pairs.

Some brokers does not allow hedging (e.g. OANDA). They suggest alternative solution to create a sub-account but it is troublesome to manage 2 accounts.

My observation so far, EU and EJ has relative motion at an average ratio of 1:3. That is, If 1 pip moved in EU there comes 3 pips movement in EJ.

We can use this to our advantage to overcome hedging problem. For example, if you have LONG position and it goes against you then you can SHORT EJ.

Please correct...
You could always use two brokers - one for shorts and one for longs.
  • #759,539
  • Feb 15, 2013 4:59am Feb 15, 2013 4:59am
Quoting suthmo
YUP
the vooodoo boodooo is working.

still careful down here...anything can happen
  • #759,540
  • Feb 15, 2013 4:59am Feb 15, 2013 4:59am
Quoting math_GB
You think Trichet was better good looking...?
They're all former Goldmanites...so for all I care they're all the same. Don't care about looks either, but a super hot chick would definitely be preferable...at least we'd have something nice to look at instead of only getting a lot of hot air and bull****
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