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  • #786,341
  • Apr 11, 2013 5:58am Apr 11, 2013 5:58am
Quoting masoud_s
buy eur-usd 1.3072 tp 1.3140
close 1.3125
  • #786,342
  • Apr 11, 2013 6:04am Apr 11, 2013 6:04am
my mind close to bounce 3143.

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  • #786,343
  • Apr 11, 2013 6:06am Apr 11, 2013 6:06am
Quoting vlady1974
I like that chart better. On a more serious note... yes, I do take note of fibs as important signposts. It's just that in my early days of learning, I definitely experienced the pain of trying to use Fibs as my trading decision. Sure, there are thousands of other traders who will see the level.... but as your chart shows, would a trader short again on the 3rd attempt? I'm NOW more of an advocate of looking at wider picture and not just an indi in isolation.
also truth
  • #786,344
  • Apr 11, 2013 6:07am Apr 11, 2013 6:07am
Quoting P.Action
my mind close to bounce 3143. {image}
strong resistant at 1.3170s @ weekly chart
Everything in the world has its own rhytms
  • #786,345
  • Apr 11, 2013 6:09am Apr 11, 2013 6:09am
Why the spread on EUR/USD is so awful ? 0.9 on ECN and 1.6 on bucket ?
  • #786,346
  • Apr 11, 2013 6:14am Apr 11, 2013 6:14am
Quoting gatorinla
fundi wise, what will the crash of e-market exports to Asia and the u.s. do?
To be honest I don't know and Id say only maor event like that could change the trend. But I don't know much about fundi's so I reely cant say, maybe if the fundementalists like yourself coud add scenarios we could explore it more.
  • #786,347
  • Apr 11, 2013 6:15am Apr 11, 2013 6:15am
Consolidating for it's next move.

1,3085 is at risk....but no short setup so far.
COT: The precious data ignored
  • #786,348
  • Apr 11, 2013 6:15am Apr 11, 2013 6:15am
Quoting vlady1974
I like that chart better. On a more serious note... yes, I do take note of fibs as important signposts. It's just that in my early days of learning, I definitely experienced the pain of trying to use Fibs as my trading decision. Sure, there are thousands of other traders who will see the level.... but as your chart shows, would a trader short again on the 3rd attempt? I'm NOW more of an advocate of looking at wider picture and not just an indi in isolation.


EMAs and SMAs give good ideas to enter position i think. the problem is to decide which timeframe do you want to use. and if we look big frame of charts(which currencies are not important). there is "golden ratio" comes from fibbonacci levels, as all nature has that ratio. so i stand for using fibo retr. levels.
  • #786,349
  • Apr 11, 2013 6:15am Apr 11, 2013 6:15am
whats the absolute max these things can go to? with a weakening eurozone, but lots of money printing in JPY and USA, is 1.35-1.36 possible??

at current rate of increase about 50pips a day it looks doable in a month or so.

this sort of rise is not normal, its due to immense liquidity. fundamentals totally meaningless now! it doesn't matter if spain gets unemployment of 30-40%, euro will go up

i wouldn't short this thing at all, look for 1.33 soon..
  • #786,350
  • Apr 11, 2013 6:16am Apr 11, 2013 6:16am
what a spike? did anybody sell in the spike. I hope its over.
  • #786,351
  • Apr 11, 2013 6:17am Apr 11, 2013 6:17am
Quoting kuroro001
Consolidating for it's next move. 1,3085 is at risk....but no short setup so far.
I was surprised that 1.3120 is not tested as support on the downside in this move.
  • #786,352
  • Apr 11, 2013 6:17am Apr 11, 2013 6:17am
Quoting kuroro001
Consolidating for it's next move. 1,3085 is at risk....but no short setup so far.
agree bro. no short signal yet. from weekly chart, i see 1.3170s as a strong resistant.

i do anticipated 1.3145s and 1.3170 as a resistant. above that level i might chance my mind that EU will be Bullish
Everything in the world has its own rhytms
  • #786,353
  • Apr 11, 2013 6:18am Apr 11, 2013 6:18am
Quoting COopa
strong resistant at 1.3170s @ weekly chart
you think we will reach there. I don't think so. although we can with weak unemployment claims
  • #786,354
  • Apr 11, 2013 6:18am Apr 11, 2013 6:18am
Quoting forex4india1
what a spike? did anybody sell in the spike. I hope its over.
Can you define "spike"...? Is this a "spike" for you...? Seriously...
  • #786,355
  • Apr 11, 2013 6:20am Apr 11, 2013 6:20am
merkel says germany feels 'absolutely obligated' to save euro
  • #786,356
  • Apr 11, 2013 6:20am Apr 11, 2013 6:20am
Quoting forex4india1
I was surprised that 1.3120 is not tested as support on the downside in this move.
It has been tested...Twice on a 5mn chart....they both lead to new 2 new highs.
COT: The precious data ignored
  • #786,357
  • Apr 11, 2013 6:22am Apr 11, 2013 6:22am
Quoting forex4india1
you think we will reach there. I don't think so. although we can with weak unemployment claims
it may, keep the option open. it will be hard to get that level anyway. but if they did, it will change my view from medium term bearish to bullish
Everything in the world has its own rhytms
  • #786,358
  • Apr 11, 2013 6:22am Apr 11, 2013 6:22am
Quoting COopa
agree bro. no short signal yet. from weekly chart, i see 1.3170s as a strong resistant. i do anticipated 1.3145s and 1.3170 as a resistant. above that level i might chance my mind that EU will be Bullish
Your weekly res is the one from the 09/09 and 16/09 high ?

That's when everybody think it will become bullish above a specific level that it reverses
That's why i have stopped having level of bearishness and bullishness

I'm taking the PA as it comes
COT: The precious data ignored
  • #786,359
  • Apr 11, 2013 6:23am Apr 11, 2013 6:23am
Quoting Qatari man
merkel says germany feels 'absolutely obligated' to save euro
Oh
  • #786,360
  • Apr 11, 2013 6:25am Apr 11, 2013 6:25am
3155 strong daily resistance.... not sure if EU can break that... the coming news may help
back... and more dangerous.
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