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  • #819,181
  • Jul 31, 2013 5:46am Jul 31, 2013 5:46am
Quoting mohan76
{quote} yesterday i had 5190 but i did not believed my self and trade against
trust yourself bro sl will protect you most times, aussie still has unfinished business @ 90c this week is turning it to a very good week for bears let the party continue,
If you are new to Forex? Say Goodbye to your account!!
  • #819,182
  • Jul 31, 2013 5:47am Jul 31, 2013 5:47am
Quoting Lattepips
Ever heard the term momentum and velocity? You need to dive to gain speed so you can break the barrier. Just my 2 cents.

Jiggy123

Look here is my point of view regarding the the pair Eur-Usd as I use to discuss it over my blog on daily basis
http://www.forexshell.com/eur-usd-tr...nrios-of-today



I assume that these were both in response to my question about why the general consensus appears to be that the EURUSD is goin up towards 3400 . . . .

If I may; Yes, Lattepips, I do know a little about momentum and velocity but this has tried to break 3300 every day this week and failed - it looks as though it's about to try again as it's just bouncing off the 3248 Resistance, so we'll see what happens this time but the historical evidence would suggest that it is more likely to go down - which is where I think that it needs to be.

Jiggy; the entry on your blog that you pointed me to doesn't actually explain anything. Basically it say that the EURUSD may do this and go up but if it doesn't then it will go down.
Doh!

I was hoping that someone could help me to understand a little more as to why; not that it'll go one way or the other. Even I know that much!
  • #819,183
  • Jul 31, 2013 5:52am Jul 31, 2013 5:52am
Quoting KiwiTrada
{quote} trust yourself bro sl will protect you most times, aussie still has unfinished business @ 90c this week is turning it to a very good week for bears let the party continue,
yea stops building brake could be brutal
Mohan
  • #819,184
  • Jul 31, 2013 6:02am Jul 31, 2013 6:02am
Quoting gatorinla
lock in profits or there is none. things can get rough. {image}
I owe you a thanks
  • #819,185
  • Jul 31, 2013 6:09am Jul 31, 2013 6:09am
These prices are pretty good for AUD...will be nice to see USD gets its ass kicked today.
  • #819,186
  • Jul 31, 2013 6:13am Jul 31, 2013 6:13am
Everyone with brain is flat and sits on his hands now, at least till US GDP, while main trend maker today is still FOMC.

Volatility levels were exceptionally low during last sessions (check SP), everyone waiting for Wed-Fri event risks to play out.

EU specifically created a very nice 1.33 double top, this particular zone proved to be tough one many times.

With good US GDP results and neutral FOMC (which we most probably get and the market will likely interpret it as hawkish sign), we could get a strong greenback positive reaction, but that has to be confirmed by ECB and NFP in coming days...

Bottom line - keep it tight, keep your ego under control, donīt jump into volatility (except for well calculated ST scalps with good RR) until the dust settles a new trend establishes.

Levels up - .3300, .3330/3
Levels down - .3205, .3170
Quant Hedge Fund CEO
  • #819,187
  • Jul 31, 2013 6:14am Jul 31, 2013 6:14am
Quoting Devonsent
Sorry that I can't post the charts on this (they're on my laptop and this is on my PC) but can someone explain why the general feeling seems to be that the Euro is going up - 3350/3400 etc - aginst the USD? From the chart perspective, we have tested 3300 every day for the last week and, historically, not breaking through pushes the Euro back down to 3000 or below. Add in theat R1 is at 3297 and going through that brings it up against the daily downward TL and . . . I don't understand . . . .
We are in a mixed zone right now, most prolly it will fail this uptrend if it fails to break 1.34 in next two three days and fall back to level you mentioned.. only a break and close above 1.34 will be a confirmation that a bull trend is established.
  • #819,188
  • Jul 31, 2013 6:22am Jul 31, 2013 6:22am
Hi Steve, still around?
  • #819,189
  • Jul 31, 2013 6:26am Jul 31, 2013 6:26am
Quoting Devonsent
Sorry that I can't post the charts on this (they're on my laptop and this is on my PC) but can someone explain why the general feeling seems to be that the Euro is going up - 3350/3400 etc - aginst the USD? From the chart perspective, we have tested 3300 every day for the last week and, historically, not breaking through pushes the Euro back down to 3000 or below. Add in theat R1 is at 3297 and going through that brings it up against the daily downward TL and . . . I don't understand . . . .
you can say the same about the 3250 area. we're in a range. tests don't matter. can go either way, but a stop run before the drop is very likely.
  • #819,190
  • Jul 31, 2013 6:26am Jul 31, 2013 6:26am
Quoting attila
{quote} you can say the same about the 3250 area. we're in a range. tests don't matter. can go either way, but a stop run before the drop is very likely.
agreed.
Quant Hedge Fund CEO
  • #819,191
  • Jul 31, 2013 6:34am Jul 31, 2013 6:34am
Quoting attila
{quote} you can say the same about the 3250 area. we're in a range. tests don't matter. can go either way, but a stop run before the drop is very likely.

I agree, and I fact I've got a small Long on from 3255 at the moment as I reckon it's about to go back up towards 3295/3300 (trying to make something whilst it makes up its mind and is ranging) - and thanks FX for your input as well.

It was just that all the technicals seem to be against it going above 3300/3330 which is why we're all waiting for the FOMC and other fundamentals to push it one way or t'other. I just wondered why the sentiment seemed to be generally bullish . . .
  • #819,192
  • Jul 31, 2013 6:40am Jul 31, 2013 6:40am
Quoting FXMastermind
L AU .9010, giving 15. Market logics and fundies against me, but great RR. Low prob, but worth it. + Frankie tends to be wrong...
took 25, flat and sitting on my hands till US GDP.
Quant Hedge Fund CEO
  • #819,193
  • Jul 31, 2013 6:51am Jul 31, 2013 6:51am
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if there is something you should keep secret,simply just save it,, so, just
  • #819,194
  • Jul 31, 2013 6:53am Jul 31, 2013 6:53am
Quoting FXMastermind
{quote} took 25, flat and sitting on my hands till US GDP.
smart man my one took kiss of BE
Mohan
  • #819,195
  • Jul 31, 2013 6:57am Jul 31, 2013 6:57am
Hi gang, here's my view today..
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Founder of Sutherland Wave Principle
  • #819,196
  • Jul 31, 2013 6:59am Jul 31, 2013 6:59am
buckle up the fun is about to begin next 60 min is just beginning of next 48hrs sit on hands or get a strong drink
If you are new to Forex? Say Goodbye to your account!!
  • #819,197
  • Jul 31, 2013 7:00am Jul 31, 2013 7:00am
Quoting KiwiTrada
buckle up the fun is about to begin next 60 min is just beginning of next 48hrs sit on hands or get a strong drink
did u guys had plenty of rest for tonight ? i have slept for 2 days , now in my third day...
  • #819,198
  • Jul 31, 2013 7:02am Jul 31, 2013 7:02am
Quoting KiwiTrada
buckle up the fun is about to begin next 60 min is just beginning of next 48hrs sit on hands or get a strong drink
hahaah tankokjian i agree and by noe its 10mins to go .
  • #819,199
  • Jul 31, 2013 7:07am Jul 31, 2013 7:07am
Quoting KiwiTrada
{quote} yes oops

42xx eventually
those who can, do. those who cant, talk about those who can
  • #819,200
  • Jul 31, 2013 7:09am Jul 31, 2013 7:09am
Aussie SO wishes to break that .90 line...
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