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EURUSD

  • #801,621
  • May 24, 2013 4:30pm May 24, 2013 4:30pm
Nice moves while I was sleeping.

I hope you guys made it well.
  • #801,622
  • May 24, 2013 4:50pm May 24, 2013 4:50pm
Quoting sypherBG
{quote} attila I remember you answered some questions I asked so I'm flattered. I don't want to argue (once again) but you are wrong in that post. Period.

hmmm.. OK.. why am I wrong?
  • #801,623
  • May 24, 2013 7:57pm May 24, 2013 7:57pm
Quoting KillerWhale
I let the Gann HiLo take over and take my profit based upon that. Success rate is high.
What time frame do you use for the Gann HiLo? Also, would you mind sharing the settings?
Thanks for sharing your methods!
  • #801,624
  • May 24, 2013 8:40pm May 24, 2013 8:40pm
Quoting rehorst
{quote} What time frame do you use for the Gann HiLo? Also, would you mind sharing the settings?Thanks for sharing your methods!
All time frames, look back periods 10
5 minute and 15 minute for entries, then if possible higher time frames, the 4 hour is mostly for lazy people.
Works best when the currency is trending.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #801,625
  • May 24, 2013 9:32pm May 24, 2013 9:32pm
Quoting attila
{quote} hmmm.. OK.. why am I wrong?
you are in the wrong place bro!!!!
Everything in the world has its own rhytms
  • #801,626
  • May 24, 2013 10:05pm May 24, 2013 10:05pm
USD/CHF drops 0.82% and EUR/USD is only up 0.01%??? Makes no sense.
  • #801,627
  • May 24, 2013 11:39pm May 24, 2013 11:39pm
Quoting BillSuits
USD/CHF drops 0.82% and EUR/USD is only up 0.01%??? Makes no sense.
It just means that eur/chf also had a big move.
Do the math.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #801,628
  • May 25, 2013 1:08am May 25, 2013 1:08am
Hi killerwhale, so what do you think of eur/usd next week? will it heading toward 1.32 or heading down to 1.27XX.

What is your opinion on this?
  • #801,629
  • May 25, 2013 2:11am May 25, 2013 2:11am
Surprise,

As I'm studying the charts, my bearish bias is changing.
I now think EU can go either way.

If the H&S on the daily/weekly is valid, we go down hundreds of pips.
Or
We can see 1.2750 and 1.2796 as a "double bottom".
If this is true we will go up hundreds of pips, to somewhere like close to 1.3500.

I'm not predicting any levels needed for which way we go.

Just keep in mind the basic theory off HH's, HL's or LH's, LL's.
I'm following MACD and momentum on the higher time frames and of course my good old Gann HiLo.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-oanda-corporation-2.png Size: 41 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #801,630
  • May 25, 2013 2:16am May 25, 2013 2:16am
Quoting KillerWhale
Surprise, As I'm studying the charts, my bearish bias is changing.I now think EU can go either way. If the H&S on the daily/weekly is valid, we go down hundreds of pips.OrWe can see 1.2750 and 1.2796 as a "double bottom".If this is true we will go up hundreds of pips, to somewhere like close to 1.3500. I'm not predicting any levels needed for which way we go. Just keep in mind the basic theory off HH's, HL's or LH's, LL's.I'm following MACD and momentum on the higher time frames and of course my good old Gann HiLo. {image}
So let it be obvious that for next week I will NOT be biased in direction, I'll just have to see where PA brings me.
My guess is that in 2 weeks we have a clear direction for the end of June.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #801,631
  • May 25, 2013 2:49am May 25, 2013 2:49am
EURUSD
Monthly looks indifferent, Weekly also, daily could give probability patterns for more up.
It's not the time for swinging trades, more for scalping trades for me and investing money in the counterpart direction at the daily's extreme candle points by monitoring H1/H4, maybe M30 .
FXcube
  • #801,632
  • May 25, 2013 2:51am May 25, 2013 2:51am
Quoting BillSuits
USD/CHF drops 0.82% and EUR/USD is only up 0.01%??? Makes no sense.
Makes perfect sense because correlation is never 100%
  • #801,633
  • May 25, 2013 4:13am May 25, 2013 4:13am
Quoting Ken A
{quote} Makes perfect sense because correlation is never 100%
Like I said. you'll find the answer when you take eur/chf in the equation
New voice message: Why are you calling me? If I need you, I'll call you!
  • #801,634
  • May 25, 2013 4:25am May 25, 2013 4:25am
Quoting KillerWhale
{quote} Like I said. you'll find the answer when you take eur/chf in the equation
when u say that is it because alot of the time when the euro go down on it then the euro-chf this gonna go up. i say this as not all the time but see i notice this alot esp the past 6 months on demo
  • #801,635
  • May 25, 2013 5:10am May 25, 2013 5:10am
Quoting BillSuits
USD/CHF drops 0.82% and EUR/USD is only up 0.01%??? Makes no sense.
Sure it does. Swissy had some news over a new floor for EurCHF and further negative rate over deposits at banks. Add to that, the feds talking on tappering QE. Its almost the perfect senario for USDCHF to rally. Plus its not necessariy for market participants when they are longing X to short Q , even if there is a relationship between the two of them. For what i have seen so far , correlations is about to die and each major pair will talk a life of his own !
"It's the Margin, Stupid."
  • #801,636
  • May 25, 2013 6:11am May 25, 2013 6:11am
Quoting Vachus
{quote} Sure it does. Swissy had some news over a new floor for EurCHF and further negative rate over deposits at banks. Add to that, the feds talking on tappering QE. Its almost the perfect senario for USDCHF to rally. Plus its not necessariy for market participants when they are longing X to short Q , even if there is a relationship between the two of them. For what i have seen so far , correlations is about to die and each major pair will talk a life of his own !

What is the new floor for EUR/CHF? It was 1.2 before AFAIK. USD/CHF dropped and I thought that the SNB was willing to push down the franc not allow it to go up. The news of negative interest rates I thought would help push it down the Swiss franc.

I did not notice EUR/CHF before I posted but now I see that the Swiss Franc futures were up a lot the past two trading days and I can't find news or must have missed it. What was it that came through if anyone knows?


I only played the market on Monday last week and it was a buy of EUR/USD from 1.2850 to 1.2900 and then I cashed out for the week and sat on my hands.
  • #801,637
  • May 25, 2013 6:22am May 25, 2013 6:22am
Quoting BillSuits
{quote} What is the new floor for EUR/CHF? It was 1.2 before AFAIK. USD/CHF dropped and I thought that the SNB was willing to push down the franc not allow it to go up. The news of negative interest rates I thought would help push it down the Swiss franc. I did not notice EUR/CHF before I posted but now I see that the Swiss Franc futures were up a lot the past two trading days and I can't find news or must have missed it. What was it that came through if anyone knows? I only played the market on Monday last week and it was a buy of EUR/USD from...
I think you getting it the opposite way , if the franc is pushed down - which has been the aim of Governer Jordan for long time - it means USD & EUR will strength against it. Plus there was news out of Swiss centeral banks on negative rates :

“We never excluded that we could introduce negative interest rates,” Jordan said, adding that such rates have “side effects.”
http://www.businessweek.com/news/201...-snb-toolkit-1
"It's the Margin, Stupid."
  • #801,638
  • May 25, 2013 6:48am May 25, 2013 6:48am
Quoting attila
{quote} hmmm.. OK.. why am I wrong?
Probably because he comes to this place to learn and expects to be spoon-fed... or, you're wrong about your teacher's intentions?
  • #801,639
  • May 25, 2013 8:22am May 25, 2013 8:22am
Quoting Mr Hatch
{quote} Probably because he comes to this place to learn and expects to be spoon-fed... or, you're wrong about your teacher's intentions?
Spoon feeding is the worst thing one can do for the newer peeps.
  • #801,640
  • May 25, 2013 8:30am May 25, 2013 8:30am
Quoting KillerWhale
{quote} So let it be obvious that for next week I will NOT be biased in direction, I'll just have to see where PA brings me.My guess is that in 2 weeks we have a clear direction for the end of June.
COT supports your position of being non committal for direction.
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