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EurAnalysis Kindergarten 24 replies

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  • #66,001
  • Feb 21, 2013 5:04am Feb 21, 2013 5:04am
Taking that bounce back up..tight stop @ the low...still looking @ 30...US will thump her back down...lets see
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Those that say do not know. Those that know do not say.
  • #66,002
  • Feb 21, 2013 5:09am Feb 21, 2013 5:09am
I think we used to have a corelation like if E/U rise then U/J falls, but now it seems they both rise and fall together, on the otherhand U/C is maintaining the relation somehow.
  • #66,003
  • Feb 21, 2013 5:33am Feb 21, 2013 5:33am
Policy makers jawboning on the wire sending U/J towards daily support 92.89, or perhaps 92.66. Expecting some choppyness during US Session.
  • #66,004
  • Feb 21, 2013 5:45am Feb 21, 2013 5:45am
Could attarct some buyers from here.

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  • #66,005
  • Edited 6:15am Feb 21, 2013 6:01am | Edited 6:15am
Quoting rekon67
Could attarct some buyers from here.

Attachment
Morning all...
So far I wouldn't count for much higher bounce... probably corrective and then DOWN again.
Read Charts - Not Papers
  • #66,006
  • Feb 21, 2013 6:08am Feb 21, 2013 6:08am
Quoting halkins
Morning all...
So far I would count for much higher bounce... probably corrective and then DOWN again.
ya, some critical USD related news will be striking any time, 94 area so far a good Sale pick.
  • #66,007
  • Feb 21, 2013 10:10am Feb 21, 2013 10:10am
Quoting ohenry
Taking that bounce back up..tight stop @ the low...still looking @ 30...US will thump her back down...lets see
I think this buying pressure my hold till the 57 level...& may carry over into the Asian session before we see the continued down move...
Those that say do not know. Those that know do not say.
  • #66,008
  • Feb 21, 2013 10:34am Feb 21, 2013 10:34am
Quoting ohenry
I think this buying pressure my hold till the 57 level...& may carry over into the Asian session before we see the continued down move...
I'm hoping they buy till a re-test of the 3280/3310 area. That's where I will add another short, otherwise I'll just ride with what I already have on the board.
Those who say it cannot be done should not interrupt those who are doing it
  • #66,009
  • Feb 21, 2013 11:33am Feb 21, 2013 11:33am
Quoting PipTrapper
I'm hoping they buy till a re-test of the 3280/3310 area. That's where I will add another short, otherwise I'll just ride with what I already have on the board.
Little bit of technicals from Fxboot...

Inserted Video
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  • #66,010
  • Feb 21, 2013 11:37am Feb 21, 2013 11:37am
Another view from Craig Erlam
Technical analysis and charts strats at 4:05 min

Inserted Video
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  • #66,011
  • Feb 21, 2013 11:49am Feb 21, 2013 11:49am
Hello all,
my updated view on the Euro FX currency futures:

Yesterday evening the Euro FX pierced the 1.3276 level that we were closely watching and that decreed the opportunity of a larger move into the 1.2900 area. Indeed, the market continue lower and the selling resumed during the Asian session.
The Euro also hit the first target in the 1.3270 area and is now headed into the 1.3130, where we could get a bounce.
http://elitefive.files.wordpress.com...ng?w=650&h=373Euro FX futures contract, 4-hour chart – February 21st, 2013



The plan is the same as yesterday (see above picture). If the relative lows are in at the 1.3474 level (due to an inner traditional move) we could see a retrace into the 1.3240 to 1.3300 area before the move lower can resume.
The target is now confirmed at 1.2900 and it is just a matter of how and when price can get there. This could happen in the coming two weeks.


The video-analysis is on the Blog.
Trade safe.
Cheers
G.
"markets traded by programs/HFT offer a significant trading edge..."
  • #66,012
  • Feb 21, 2013 11:54am Feb 21, 2013 11:54am
Quoting fibstalker
Hello all,
my updated view on the Euro FX currency futures:
Hi fib,,,,
Just a technical question.
Any chance you can post your charts (JPG) in a different resolution, I mean when we click it it opens much bigger?
Now it's exactly the same size, no much details can be seen...
thx
Read Charts - Not Papers
  • #66,013
  • Feb 21, 2013 12:10pm Feb 21, 2013 12:10pm
Sorry Halkins
cannot change that. PNG is the format I use on my Blog.
I cannot promote it but you may want to check the images there. They open up full screen and very clear.
Sorry for that cannot change it.
Apologize.
Cheers


Quoting halkins
Hi fib,,,,
Just a technical question.
Any chance you can post your charts (JPG) in a different resolution, I mean when we click it it opens much bigger?
Now it's exactly the same size, no much details can be seen...
thx
"markets traded by programs/HFT offer a significant trading edge..."
  • #66,014
  • Feb 21, 2013 12:11pm Feb 21, 2013 12:11pm
Hello,
this is a comparison I made between USD/JPY and EUR/JPY. Let me know what you think.

http://www.forexfactory.com/attachme...1&d=1361469514

There is a major difference on the daily chart which can be spot analyzing the two charts compared above. Price action of both charts is the same but; while the Euro failed the next move higher, showing a Euro that is going to weaken faster than the Japanese yen in the coming days,that did not happen to the USD/JPY. So that means that bulls are not interested too buy the EUR/JPY pair at this stage (see below), while they could still be involved in long positions in the USD/JPY pair.

The USD/JPY pair (see picture above) did not fail the current long extension setup. Above the 91.60 level longs are still valid with a 1st target at the 94.90 area (scenario 1). The scenario 2. for the USD/JPY would develop if price falls below the 91.60 level. In that case we could see a move into the next level of support down at the 89.40 area.

As anticipated, the main difference between USD/JPY and EUR/JPY is that the latter failed the extension long. That happened the very moment price moved below the 123.30 level on Friday last week.The price is now in scenario 1, moving in traditional shorts with resistance between 125.30-125.80. First target is down at 121.80. Scenario 2 would kick if price would not bbounce off the next support level at 119.60 which lines up to the 2nd target in the 119.90 area. In that case, we could see a continued move lower.

The level of support on the EUR/JPY pair will be identified when the EUR/USD pair will also find support. I anticipate this support will come at 1.2900. Both USD/JOY and EUR/JPY could find their support when that happens.

More in my mid-week update.
Let me know what you think.
Thank you
"markets traded by programs/HFT offer a significant trading edge..."
  • #66,015
  • Feb 21, 2013 12:12pm Feb 21, 2013 12:12pm
The next USD/JPY vs EUR/JPY comparison opens fine on FF too, can you try? thanks

Quoting halkins
Hi fib,,,,
Just a technical question.
Any chance you can post your charts (JPG) in a different resolution, I mean when we click it it opens much bigger?
Now it's exactly the same size, no much details can be seen...
thx
"markets traded by programs/HFT offer a significant trading edge..."
  • #66,016
  • Feb 21, 2013 12:19pm Feb 21, 2013 12:19pm
Quoting fibstalker
The next USD/JPY vs EUR/JPY comparison opens fine on FF too, can you try? thanks
Oh... I got it.
I thought you're uploading full images, while you are only inserting links instead.
If I may suggest, it will work much better if you instert a link exactly to the bigger picture, if possible.
FF will automaticly shrink the image so that fits to the forum here, but it will download full picture when you click on it.
Anyway thanks....
Read Charts - Not Papers
  • #66,017
  • Feb 21, 2013 12:27pm Feb 21, 2013 12:27pm
Thanks Halkins, just I would like to avoid it because I don't want to put outer links into FF to avoid another suspension.
Will check what I can do..
thank you

Quoting halkins
Oh... I got it.
I thought you're uploading full images, while you are only inserting links instead.
If I may suggest, it will work much better if you instert a link exactly to the bigger picture, if possible.
FF will automaticly shrink the image so that fits to the forum here, but it will download full picture when you click on it.
Anyway thanks....
"markets traded by programs/HFT offer a significant trading edge..."
  • #66,018
  • Feb 22, 2013 6:43am Feb 22, 2013 6:43am
To our Italian comrades can you give us a your take on the election this weekend? The news here is that it may result in a hung parliament which would be E bearish.
Trade smaller than rational because the market is irrational...
  • #66,019
  • Feb 22, 2013 9:39am Feb 22, 2013 9:39am
Quoting fibstalker
Thanks Halkins, just I would like to avoid it because I don't want to put outer links into FF to avoid another suspension.
Will check what I can do..
thank you
Hei Fibstalker,


care to explain the "markets traded by programs/HFT offer a significant trading edge.." ?
  • #66,020
  • Feb 22, 2013 9:56am Feb 22, 2013 9:56am
Quoting lumesh
Hei Fibstalker,


care to explain the "markets traded by programs/HFT offer a significant trading edge.." ?
Hi Lumesh, What is your take on U/J ? Thanks.
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