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EURUSD

  • #811,841
  • Jul 3, 2013 8:13am Jul 3, 2013 8:13am


[highlight=rgba(255, 255, 255, 0)]Buy EUR/USD 1.2997[/highlight]
[highlight=rgba(255, 255, 255, 0)]Stop 1.2967[/highlight]
[highlight=rgba(255, 255, 255, 0)]Move stop to Break Even at 1.3010[/highlight]
[highlight=rgba(255, 255, 255, 0)]Target: 1.3030[/highlight]
Shit Happens
  • #811,842
  • Jul 3, 2013 8:15am Jul 3, 2013 8:15am
Quoting act333
Buy EUR/USD 1.2997 Stop 1.2967 Move stop to Break Even at 1.3010 Target: 1.3030
When? :-O
  • #811,843
  • Jul 3, 2013 8:18am Jul 3, 2013 8:18am
The EU LR (linear regression) has crossed over the MAW (moving average weighted) indicating a upcycle on the daily chart. Although not in an 'daily' uptrend yet there seems to be a shift in that direction. I define an uptrend (daily) when the LR crosses the EMA--simple straight forward. Since the EMA is at around 1.3070 we got a ways to go.

How does this insight help in my trading? For me it's basically a shift in my risk tolerance as would be in a trend trade opposed to a counter trend trade. I still do both but in any counter trend trade my SL's are tighter and am less likely to let it run.


I hear some talk about the currency market as if there are speculators. The market moves only when the central banks open up their trading period. One Boeing airplane sale would wipe out anyone trying to speculate on the market. This is not the stock market where corruption reigns supreme amongst the brokerage houses. Shenanigans can still happen in the currency market but it is simply too big for any one entity to control it. The corruption in the currency market is that most of it is fiat money.

Anyway my prediction is that the EU will waffle (consolidate a bit) for a few days before it finally hits an uptrend...
Taigen Profit This Month: na
  • #811,844
  • Jul 3, 2013 8:26am Jul 3, 2013 8:26am
Quoting Taigen
..... I hear some talk about the currency market as if there are speculators. ...
this market is mainly about speculation

and they do not buy boeings every week
swing it!
  • #811,845
  • Jul 3, 2013 8:31am Jul 3, 2013 8:31am
Quoting tomspin
{quote} this market is mainly about speculation and they do not buy boeings every week
I don't disagree with that but the speculation that moves the market is among the central banks not the retailers (us). I used a Boeing airplane as an example of supply and demand of currency.

I speculate on the central banks speculations.
Taigen Profit This Month: na
  • #811,846
  • Jul 3, 2013 8:38am Jul 3, 2013 8:38am
Quoting Taigen
{quote} I don't disagree with that but the speculation that moves the market is among the central banks not the retailers (us). I used a Boeing airplane as an example of supply and demand of currency. I speculate on the central banks speculations.
you mixed it up a bit imo, companies you are talking about exchange their curencies via investment banks and brokerage houses, central banks do not operate in this matter as far as I know, they are responsible for monetary policy not being a dealer mate.
I agree that a bounce is need it however recent moves and monthly/weekly charts PA strongly disagree with change in the current trend, fundamentalls as well.
swing it!
  • #811,847
  • Edited 9:01am Jul 3, 2013 8:39am | Edited 9:01am
http://www.forexfactory.com/showthre...87#post6791487
sos here

i am not saying long. 3042/43/3102 is what i was looking for, then target 2876 or 78... 3046 may be 3048/3102 now. when/if we get there i will look to add, it may take a day or 2.. no hurry
those who can, do. those who cant, talk about those who can
  • #811,848
  • Jul 3, 2013 8:40am Jul 3, 2013 8:40am
...testing .298X again?then big fall? Who knows....
  • #811,849
  • Jul 3, 2013 8:43am Jul 3, 2013 8:43am
Quoting Venice
{quote} 2900 should be interesting. If that holds, it is just another in the list of HL's it keeps creating.
We have finally entered this zone. Silly silly market. Still behaving par for the course.
  • #811,850
  • Jul 3, 2013 8:45am Jul 3, 2013 8:45am
Quoting Venice
{quote} We have finally entered this zone. Silly silly market. Still behaving par for the course.

I can see 3700 before the summer end and the fed meeting in September as a set up for the big drop for the rest of the year after..
  • #811,851
  • Jul 3, 2013 8:48am Jul 3, 2013 8:48am
should retest 1.30/1.3015

of course we are pretty limited by the daily open at the moment..
Be hopeful in a winning position, and fearful in a losing position.
  • #811,852
  • Jul 3, 2013 8:50am Jul 3, 2013 8:50am
Quoting attila
{quote} I can see 3700 before the summer end and the fed meeting in September as a set up for the big drop for the rest of the year after..
Yep. Should the current daily demand hold, the first projection is 3370 zone. If that breaks then 3570, and a break of that up to your 3700.

Of course, lots of if's in that statement as well.

Conversely, the current daily demand breaking will open up 2340'ish.
  • #811,853
  • Jul 3, 2013 8:57am Jul 3, 2013 8:57am
I think euro can't go higher than 1,33
  • #811,854
  • Jul 3, 2013 8:58am Jul 3, 2013 8:58am
Quoting tomspin
{quote} you mixed it up a bit imo, companies you are talking about exchange their curencies via investment banks and brokerage houses, central banks do not operate in this matter as far as I know, they are responsible for monetary policy not being a dealer mate. I agree that a bounce is need it however recent moves and monthly/weekly charts PA strongly disagree with change in the current trend, fundamentalls as well.
You are absolutely right and I should have emphasized that. The difference between brokerage houses in regards to currency and the stock market is that the currency brokers are just that. They charge a small commision in the transaction but that's mainly it. In the stock market, at least in the U.S., it is laden with corruption and it's the brokers who do the 'naked shorting' compete with their own clients, manipulate the bid/ask price block sizes, and pretty much anything else you can think of all under the gentle hand of the SEC (Security Exchange Commission).

Regarding the 'bounce' I again agree with you completely. That is why I emphasized the 'daily' chart in which I speculate my positions. Clearly the market is overall down in broader projections but since 2008 it had fluctuated between 1.60 to 1.20. I'm not a long term trader though. I certainly admire those who are--nerves of steel.
Taigen Profit This Month: na
  • #811,855
  • Jul 3, 2013 9:02am Jul 3, 2013 9:02am
hmmm.... could it be the QE is not of concern anymore, and moving towards a more risk on environment based on good employment data?...
  • #811,856
  • Jul 3, 2013 9:12am Jul 3, 2013 9:12am
Quoting Mr Hatch
{quote} apart from the bs with the ez itself, the relationship to the US are being hammered. in france there is discussion to leave the euro and the youth in spain is preparing for civil war and politicians. the mess in turkey... what's positive for the euro?
Turkey is not a member of EU. How does the situation effect euro?
No pain no gain
  • #811,857
  • Jul 3, 2013 9:12am Jul 3, 2013 9:12am
Any charts?
Never let success get to your head because the market will punish you
  • #811,858
  • Jul 3, 2013 9:14am Jul 3, 2013 9:14am
Quoting Rag2RichesFX
should retest 1.30/1.3015 of course we are pretty limited by the daily open at the moment..
if we hit these levels TODAY ill sell for a scalp.. thats too strong for a daily candle and probably wont close on highs
Be hopeful in a winning position, and fearful in a losing position.
  • #811,859
  • Jul 3, 2013 9:15am Jul 3, 2013 9:15am
Quoting aweer
{quote} Turkey is not a member of EU. How does the situation effect euro?
It affects oil indeed...
  • #811,860
  • Jul 3, 2013 9:20am Jul 3, 2013 9:20am
Quoting gatorinla
http://www.forexfactory.com/showthre...87#post6791487 sos here i am not saying long. 3042/43/3102 is what i was looking for, then target 2876 or 78... 3046 may be 3048/3102 now. when/if we get there i will look to add, it may take a day or 2.. no hurry

i could tweak to 3044 or more. months back when we broke the dt at 32xx i had planned to Long under 2997, 296x/2795 and target 3688 or 3710+
... this is still valid looking at the eu alone.
so me wanting to go s 3042/3002 may be totaly wrong. i am trading something that's not on the bigger charts yet, if ever.. trying to build off the smaller chart's. that dont make me right.
those who can, do. those who cant, talk about those who can
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