Trading EURUSD only

is this one of your systems?

Steve, i ain't comin back to this thread without you man. Word up.

Steve,

I am sad to hear that. I really enjoy this thread and your posts. For a long time, I did not post or join here until I saw that intelligent, talented people posted here. It is sad as this is a great place to share ideas, learn, and improve. Trading can be a lonely pursuit, so I enjoy the camaraderie of the good people here.

All the best and green pips. You will be missed,
Scott

Never get in a room if the owner's out

Hi Guys,
Can anyone please post what news will be affecting the pair today.

Yes

TA from TC

EUR/USD intraday: the downside prevails. Pivot: 1.31

Our preference: Short positions below 1.31 with targets @ 1.2995 & 1.295 in extension.

Alternative scenario: Above 1.31 look for further upside with 1.3125 & 1.314 as targets.

Comment: the pair has broken below its rising trend line and should face further weakness.

Key levels
1.314
1.3125
1.31
1.3042 last
1.2995
1.295
1.2895




http://www.tradingcentral.com/chart/...3412112622.GIF

out of existing short @ 52 for +3

This is 5m TF

I post all indos used here now

Euro consolidates but the jury is still out

Written by Mike Paterson
April 12, 2013 at 10:40 GMT

The denials of extra funding for Cyprus seem to have indeed stopped the rot for the moment with EURJPY back above 129.50 again and EURUSD 1.3058.
But there is no smoke without fire and the renewed fears over the eurozone instability will not go away any time soon.
I expect downward pressure to continue but we may need to get US data and Mr B out the way first.

Thanks Bro for the indos. Later today I will download and experiment with them.

[LONDON, 12.15GMT April 12] EUR/USD traded 1.3100-27 in Asia, but took out the range base in early London and traded steadily lower thereafter. A mild recovery in USD and profit taking/setbacks from highs in related G10 pairings pressured the pair. Anxieties over Cyprus loan aid were also playing a part. EUR/USD had filled bids at 1.3070 before the poor EU IP data for Feb came in worse than expected, with the downward revisions for Jan not making the picture any brighter. 1.3050 bids were filled thereafter for an eventual 1.3041 base. Dip buyers/specs stepped in, leaving better size bids down at 1.3030 and 1.3000 intact. Pair has returned to 1.3070 since, but business is slow as many players have squared up for the weekend. Offers a plenty in the mid 1.31's where key technical resistance is still intact. Offers in to/above yesterdays new 4wk high at 1.3138. The 55DMA is 1.3141, 100DMA at 1.3150 and 30day upper bollinger band comes in at 1.3158 today. Option expiries could once again prove a draw, Strikes start at 1.3050, then nothing sizeable utill 1.3100, 1.3100, 1.3120, 1.3130

TA from TC



EUR/USD intraday: the downside prevails. Pivot: 1.31

Our preference: Short positions below 1.31 with targets @ 1.2995 & 1.295 in extension.

Alternative scenario: Above 1.31 look for further upside with 1.3125 & 1.314 as targets.

Comment: the pair has broken below its rising trend line and should face further weakness.

Key levels
1.314
1.3125
1.31
1.30546 last
1.2995
1.295
1.2895


Ticker : EUR
http://www.tradingcentral.com/chart/...3412133733.GIF

European morning wrap: Euro weaker on renewed Cyprus fears

http://www.forexlive.com/blog/2013/0...-cyprus-fears/

Steve who???
Just kidding
Good Luck Steve

JK on FX

Video and commentary

http://www.jkonfx.com/

By Yohay








EUR/USD is lower in Friday trading, as the pair has again dropped below the 1.31 line. The euro lost ground as US Employment Claims looked very sharp on Thursday. After a quiet week, the markets will have plenty of US numbers to chew on, including four key releases - Core Retail Sales, Retail Sales, PPI and UoM Consumer Sentiment. As well, Fed Chairman Bernanke will address a conference in Washington. In the Eurozone, German WPI was well below the estimate, and the markets are keeping an eye on Eurozone Industrial Production, which will be released later today. Also, both the Eurogroup and ECOFIN are holding meetings today.
Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.
EUR/USD Technical

 

1. Asian session: Euro/dollar was steady, touching a high of 1.3127, and consolidating at 1.3107. In the European session, the pair has lost ground, dropping below the 1.31 line.
2. Current range: 1.3050 to 1.3100.

Further levels in both directions: http://www.forexcrunch.com/wp-conten...12-350x196.png

 

1. Below: 1.3050, 1.30, 1.2960, 1.2880, 1.2805, 1.2750, 1.2660, 1.2624 and 1.2587.
2. Above: 1.3100, 1.3130, 1.3170, 1.3290, 1.3350 and 1.34.
3. 1.31 is a weak resistance line. 1.3170 is a key level.
4. On the downside, 1.3050 is under pressure as the pair loses ground. 1.3000 is stronger.

Euro drops below 1.31 level as US employment numbers improve – click on the graph to enlarge.
EUR/USD Fundamentals

 

1. 6:00 German WPI. Exp. 0.3%. Actual -0.2%.
2. 9:00 Eurozone Industrial Protection. Exp. 0.3%.
3. All Day: ECOFIN Meetings.
4. All Day Eurogroup Meetings.
5. 12:30 US Core Retail Sales. Exp. -0.1%.
6. 12:30 US PPI. Exp. -0.2%.
7. 12:30 US Retail Sales. Exp. 0.0%.
8. 12:30 US Core PPI. Exp. 0.2%.
9. 12:45 US FOMC Member Eric Rosengren Speaks.
10. 13:55 US Preliminary UoM Consumer Sentiment. Exp. 79.1 points.
11. 13:55 US Preliminary UoM Inflation Expectations.
12. 14:00 US Business Inventories. Exp. 0.4%.
13. 16:30 Fed Chairman Bernard Bernanke Speaks.

For more events and lines, see the Euro to dollar forecast
EUR/USD Sentiment

 

1. US breaks ugly streak: After two straight weeks of key releases which missed their estimates, US numbers finally got on track on Thursday. Unemployment Claims dropped from 385 thousand to 346 thousand. This easily beat the estimate of 354 thousand. The weak numbers had affected a wide range of sectors in the economy, and the markets are hoping that the worst is now behind us. Friday will be a good test, as the US releases four key events. Strong numbers will reassure the markets, but more weak data is sure to raise red flags about the extent of the recovery.
2. Eurogroup meeting to discuss bailouts: The markets will be keeping an eye on the Eurogroup finance ministers, who are meeting in Dublin on Friday. Although the Cyprus bailout has grabbed the headlines in recent weeks, other bailouts have been provided to Eurozone members and must be monitored. These include Ireland and Portugal, and the Eurogroup will be discussing whether these two countries should be granted an extension on their loan repayments under their respective bailout agreements. The Cyprus bailout will also be on the agenda, as the Cypriot government has confirmed that the cost of that bailout has ballooned to EUR 23 billion.
3. Minutes show Fed split over QE: The FOMC meeting minutes were released earlier in the week, with the most interesting item being the fact that that they were leaked earlier than scheduled on Wednesday. The Federal Reserve has ordered an investigation into the matter. The minutes themselves turned out to be a non-event, with policymakers divided as to the extent and duration of the current round of QE. Some members wanted to wind down the program in mid-2013, while others felt it was more appropriate to wait until the end of the year. There was also discussion about whether to decrease the amount of purchases immediately, or continue the present levels until the end of the year. The division in opinion reflects uncertainty over the extent of the US recovery and the health of the economy. With the US reeling off a host of poor releases throughout April, FOMC members might have had a different take on the QE program had the meeting taken place in April rather than March. Meanwhile QE continues at its present levels of about $85 billion in asset purchases each month.
4. German numbers improve: With Eurozone numbers continuing to look weak for the most part, there is a ray of sunshine, as German releases are showing better numbers. Last week, German Factory Orders jumped 2.3%, after a decline the previous month. This easily beating the forecast of 1.2%. The good news continued this week, as German Industrial Production improved by 0.5%, edging past the forecast of 0.4%. On Tuesday, German Trade Balance hit a six month high, posting a surplus of 17.1 billion euros. This was well above the estimate of 16.2 billion euros. If the Eurozone is to turn the corner, it will need Germany, the largest economy in the zone, to lead the way to recovery. Stronger German numbers should lead to better Eurozone readings, which have been anything but impressive so far in 2013.
5. Problems in Europe? Tell that to the euro: The Cyprus bailout crisis is not yet behind us, the Eurozone is suffering from a sputtering economy and high unemployment, and even ECB head Mario Draghi toned down his usual optimism at last week’s ECB press conference. Sounds like a recipe for a weaker euro? Evidently not, as the euro continues to look strong against the dollar, having gained about three cents since the beginning of April. The euro received a boost from a long string of weak US numbers, as well as some positive data out of Germany this week. However, the severe problems in the Eurozone will not disappear anytime soon, and a US turnaround would likely put a damper on the euro’s recent rally.

Chart levels


http://www.forexfactory.com/attachme...1&d=1365768112

Long @ 60

Reason
10M 5 x 15 and PA popped above

10M RSI3 over 50

30M PA not near HSR or Fibs

No SL TP open to what Ms Market gives. usually exit when PA drops below 5 SMA with an eye on RSI3 going under 50

is this too risky of an area for a scalp short?