as the pair will react to this higher resistance?
if breakout 3700 ... I see 38xx as a potential area for short..!?
if breakout 3700 ... I see 38xx as a potential area for short..!?
EurAnalysis Kindergarten 24 replies
Dislikedas the pair will react to this higher resistance? if breakout 3700 ... I see 38xx as a potential area for short..!?{image}Ignored
Disliked{quote} And thinking some more. So, let's say LC is right and has some more to run. How much more? That first retracement was 88.6. Could it be? I prefer fibs of last swing but tl's are in play. {image}Ignored
Disliked{quote} Looking for shorts. {quote} Tl Really? Am I crazy or is it possible? http://www.marctomarket.com/2013/10/...technical.html The euro is approached the year's high, set in early February near $1.3711, though stopped just shy of it. Assuming this is breached next week, the next target is near $1.40. The main caveat from our technical analysis is that the euro closed above the top of its Bollinger Band (two standard deviations above the 20-day moving average) two consecutive sessions at the end of last week....Ignored
Disliked{quote} Haven't you noticed that on extreme biases markets make tops and bottoms ? It's as if the retail will be right...for once... Look at the historical position ratios at Oanda to see what i mean.Ignored
Disliked{quote} Yes I know. That's why I mentioned 1st Feb. That's what happened at that time. Another example was the extreme long bias on the USD/JPY just before it had its rip roaring rally. Retail crowd was right on that one also.Ignored
Disliked{quote} Looking for shorts. {quote} Tl Really? Am I crazy or is it possible? http://www.marctomarket.com/2013/10/...technical.html The euro is approached the year's high, set in early February near $1.3711, though stopped just shy of it. Assuming this is breached next week, the next target is near $1.40. The main caveat from our technical analysis is that the euro closed above the top of its Bollinger Band (two standard deviations above the 20-day moving average) two consecutive sessions at the end of last week....Ignored
DislikedItalian court bans Berlusconi from holding office for two years Markets in Italy will be on watch tomorrow after a court in Milan banned former Prime Minister Silvio Berlusconi from holding public office for two years following his conviction for tax fraud in August. The country's Senate has to approve the decision - if it did so, Berlusconi would be expelled for six years - while he is also expected to appeal. Earlier this month, Berlusconi tried to bring...Ignored
DislikedEUR/USD: 3 Reasons To Hit 1.40 S/T & 3 Reasons To Sell There - Citi http://www.efxnews.com/story/21279/e...ell-there-citiIgnored
Disliked{quote} sounds to obvious to me...usually these forecasts never hold up...but we will c..ill be buy'n or selling somewhere in between anyway...Ignored
Disliked{quote} Especially from Citi. They don't have a very good track record IMO. ...but, I had to put it out there coz they have a good point about the reasons for selling... wherever that may start. 1/ In particular the ECB need not tolerate ‘excessive currency gains’ that may jeopardize its inflation mandate. 2/At the same time Citi still expects the Fed to head towards QE exit at some point in early 2014. The diverging policy outlook between accommodative ECB and more data dependent Fed could limit any EURUSD gains and usher the next leg lower in...Ignored
Disliked{quote} yes that's true...we will c..I prefer it would tank sm now/this week...Tuesday may be interesting...maybe last spike up we will c...I have the feeling longs will cash in more n more on these levels.....I would...c hw far it will push through . 3710 if at all...Ignored
Disliked{quote} 3710 is tough resistance. If it makes it through without correcting first, I don't see how it could have much momentum left to do a good job of it so it will probably be a fadable move... more like a fakey breaky to take out the stops. Like u say. we will c My daily chart shows an extremely O/B RSX(5) and a MACD(12,24,9) bearish div. Same with Aussie, Kiwi and Cable.Ignored
Disliked{quote} Heh... I posted two scenarios yesterday, neither of them worked. The market makers decided to play a third one... bearish false breakout trap. Price easily broke AB resistance line and returned quickly back below the line. Probably many bears stop losses were hunted. And today? I thought we'll eventually reach 1.34600... but it stopped... Anybody noticed a new channel forming? (chart below) What does it mean for you guys? Any predictions where is the next leg? {image}Ignored
DislikedA RSI trading strategy I have been refining this year. It is like most in that on the surface it looks very dependable and consistent - and it is. However, there are flaws: I don't know when to take profit and if you read the RSI wrong (s simple but costly mistake to make) you could lose. Other then that it yields a profit (of varying size) technically 100% of the time. I therefore suggest using it in tandem with other chart indications such as S/R, BB, and multiple TFs. Let me know if what you think and if you see a good way to know when to T/P....Ignored
Disliked{quote} RSI signals are central to my method. Your combination of 5 and 14 periods makes sense and you will be able to enter and exit reliably - as explained below. Your accuracy with entry and exit also improves if you're simultaneously watching multiple TFs, since the divergence will cascade from the larger TFs (e.g. H1) down through M15, M5, etc. Seems from your post that you're applying it like that already. However, I notice you're not using the "other half" of RSI, namely "reverse" divergence (sometimes refered to as "hidden" divergence)....Ignored