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  • #853,621
  • Nov 17, 2013 9:14am Nov 17, 2013 9:14am
Quoting Chicky
What' wrong with loading near 1.3560?
Well I have whole zone 1,3443 - 1,3548. Thats is supposed to be the upper cap for daily wick overshoots and if we close daily above, I will start thinking I am doing something wrong and reanalyze. But yeh, we can get overshoot above the zone, but would be bad for me as there will be my SL there for sure.
Mid of the zone is 1,3472 - 1,3518. And the supernumbers in the mid, which are imo the reason why are we fighting for this place, is last months open 1,3524 and 50% fibo of previous cycle 1,349 (cycle 1,49383 - 1,20425). Whole zone is monthly move decision one and we closed right in the mid. Generally saying, we´ve broken zone during ECB ratecut, and current situation is a R retest of that weekly break. R will imo hold and we are gonna test next monthly fibo @ 1,31, but more about that later.
T
"I know one thing, that I know nothing." Sokrates
  • #853,622
  • Nov 17, 2013 9:24am Nov 17, 2013 9:24am
Quoting Chicky
But I have nothing at 1.3510 and logically it should not be a strong level. 20/30 pips near a round number means nothing,
You see Chicky, these round numbers usually provide chop @ em, so in the end there goes daily weekly monthly closes @ these numbers, and are never precise. Now you can say it was 1,35, but I say these were 1,349 and 1,351. Just a matter of angle.

In fact am loading heavy everything above 50% of the zone, beeing ,3495 and SL is just above 1,357. So, 351 good for me, as well as ,352 or ,353 ,354.
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
  • #853,623
  • Nov 17, 2013 10:46am Nov 17, 2013 10:46am
Quoting Chicky
What' wrong with loading near 1.3560?
You´ve actually made me think about it quite a lot. We are in major chop zones in both UJ and EU. Those 1,349 and 1,351 numbers were valid intraday R before we broke weekly high at ,3497 on Friday. And UJ could push us a bit more north on EU if 100 gets retested there. May rework numbers a bit, but 1,3560 still seems a bit too far for me. Would be perfect SL hunt though.
"I know one thing, that I know nothing." Sokrates
  • #853,624
  • Nov 17, 2013 11:55am Nov 17, 2013 11:55am
Quoting sizabici
{image} The EUR/USD pair rose during the session on Friday, slamming into the 1.35. This level should offer a significant amount resistance and we also can make an argument for the fact that consolidation could be in the cards as well. This consolidation would have resistance all the way up to the 1.36 level, so therefore we feel that the market could very well produce a resistive momentum after breaking above the 1.35 handle. Because of this, we are not buyers, and as a result we are looking for...

Who is the "we"?

Pluralis majestralis?
  • #853,625
  • Nov 17, 2013 12:05pm Nov 17, 2013 12:05pm
Quoting infinitus
{quote} Who is the "we"? Pluralis majestralis?

Word on the street...that dude trades with frog in his pocket.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #853,626
  • Nov 17, 2013 12:08pm Nov 17, 2013 12:08pm
Quoting infinitus
{quote} Who is the "we"? Pluralis majestralis?
We Are the Borg. You Will be Assimilated. Resistance is Futile
"It's the Margin, Stupid."
  • #853,627
  • Nov 17, 2013 12:37pm Nov 17, 2013 12:37pm
Quoting Chicky
{quote} "You want to go butterfly?" Is a term used in NY. If you say "Yes", the girl will take you very near to heavens but it will cost $ 200.00
Wow, If that be the case i can only pay the cost if to get near the heavens is to keep collecting diamonds. The Tops is all i see. oh pardon me
Keep the Lights on then you can catch the rise from the dark.
  • #853,628
  • Edited 1:25pm Nov 17, 2013 12:47pm | Edited 1:25pm
Bloomy quoting 1,3499. Gap up?
edit: Whatever Joe. 1,3498 now. Price is lagging a lot on weekend, those aint precise quotes. It is just a small hint. Yea, they r gonna trap everyone, especially you. They r after your pennies.
edit: You know, these views of yours really disgust me. Noone gives a shit about your pennies, this is 4 tril USD daily turnaround market ffs. Noone gives a fack about trapping people. They need to buy those currencies because they need to pay wages, they need to pay to suppliers, they need to hedge their assets, or buy some investment instruments like stocks or bonds. The very very last of this is hunting some retail pennies.
edit:1,3496 now
edit:1,3493 - Gap down now . Bad for me, I want gap up and push below ,349.
T
"I know one thing, that I know nothing." Sokrates
  • #853,629
  • Nov 17, 2013 12:56pm Nov 17, 2013 12:56pm
Quoting Tom_D_Trader
Bloomy quoting 1,3499. Gap up?
That's Friday's close price +/- a couple of pips.

I am looking for a gap down all across the board myself. That's the only way to trap all the people who bought the top.
  • #853,630
  • Nov 17, 2013 12:57pm Nov 17, 2013 12:57pm
Thoughts on Mondays movement? Generally Euro is going up but I'm still bearish and remain so
  • #853,631
  • Nov 17, 2013 1:10pm Nov 17, 2013 1:10pm
Structure Analysis combined with Harmonic Patterns.

As Jesse L stated, " speculators without a single clear plan can only act and react, to the slings
and arrows of the market misfortune, until finally they are defeated.... "

And he even went further by saying, when you know what to do not to lose money, you begin
to learn what to do to WIN.....

In order words, "PLAN YOUR TRADE and TRADE YOUR PLAN"

Note: There's an emerging Bearish Gartley on the 4-Hour Chart, and I am expecting the D-completion
to hit 1.36200ish, then reverse to retest that 38.2% Fib line from that {C-D} Leg (Hint: 1.35200)

Since the Daily Chart shows a solid uptrend, I am guessing there's going to be another impulse
leg so that EUR/USD could reach 1.38ish....

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-4Hour.png Size: 65 KB
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
  • #853,632
  • Nov 17, 2013 1:26pm Nov 17, 2013 1:26pm
EUR/USD H4 CHART

We may see a sudden rise to the 1.3815 if it breaks the 1.3550
Attached Image (click to enlarge)
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  • #853,633
  • Nov 17, 2013 1:29pm Nov 17, 2013 1:29pm
5M from a broker of mine
Attached Image (click to enlarge)
Click to Enlarge Name: Sunday EU.JPG Size: 85 KB
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #853,634
  • Nov 17, 2013 1:29pm Nov 17, 2013 1:29pm
Well no Gap whatsoever on the face of it, we are starting very close to where we ended on Friday, Present price- 1.3493- courtesy Bloomberg
Wherever Market Goes, I follow and return back after getting my 10 Pips.
  • #853,635
  • Nov 17, 2013 1:33pm Nov 17, 2013 1:33pm
Gap shows on open. We are no open yet.
  • #853,636
  • Nov 17, 2013 1:37pm Nov 17, 2013 1:37pm
Quoting BeginnerJoe
Gap shows on open. We are no open yet.

Well different brokers works on different Timezones, as per Bloomberg open there is not much change and when there is one it shows there

http://www.bloomberg.com/quote/EURUSD:CUR

Gaps occur due to after market orders, and believe me this price is not gonna change due to those in next 2:18 mins (GMT+2 broker) and in 18 mins(GMT broker). Whatever we see now is because of live orders
Wherever Market Goes, I follow and return back after getting my 10 Pips.
  • #853,637
  • Nov 17, 2013 2:16pm Nov 17, 2013 2:16pm
Quoting Magix
{quote} Word on the street...that dude trades with frog in his pocket.

  • #853,638
  • Nov 17, 2013 2:26pm Nov 17, 2013 2:26pm
hey traders,

here is my view on EU, i have enclosed 4 charts (1H, 4H, daily & weekly):

1. 1H: as you can see, the PA has been respecting the trendlines drawn, moving from one level to another. i expect a move first to the yellow circled area before a move down to the blue circled area, if PA is able to break through and close below the same area (around 1.3430), the latest higher low would be broken and the doors towards 1.339x and then 1.328x would be open.

2. 4H: considering the latest high and low, PA has retraced 38.2 on Fibbionnacci retracement and has failed to break through twince, this is an indication of a strong resistance. Inline with my 1H analysis, i expect another test to be failed before the move down.

3. daily: the trend line which "everyone" was watching on EU was broken two weeks back, later PA tested the same trend line three times last week and failed to close above, again these are signs of strong resistrance and possibly opens the door for reversals

4. weekly: alright so zooming out to weekly in EU shows that there's another important trendline along with VERY strong structure at around 1.3100, now i have to say there are no signs of reaching that level yet, however, if we break through and close below 1.3275 in daily candle, then for sure this should be my next target! i wouldnt expect PA to get there before end of next week or probably the week after.


wish you a successful week ahead
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EUweekly.gif Size: 19 KB
  • #853,639
  • Nov 17, 2013 3:33pm Nov 17, 2013 3:33pm
Quoting fxmasterdxb
hey traders, here is my view on EU, i have enclosed 4 charts (1H, 4H, daily & weekly): 1. 1H: as you can see, the PA has been respecting the trendlines drawn, moving from one level to another. i expect a move first to the yellow circled area before a move down to the blue circled area, if PA is able to break through and close below the same area (around 1.3430), the latest higher low would be broken and the doors towards 1.339x and then 1.328x would be open. 2. 4H: considering the latest high and low, PA has retraced 38.2 on Fibbionnacci retracement...

Good work.
  • #853,640
  • Nov 17, 2013 3:54pm Nov 17, 2013 3:54pm
Quoting priceaction1
good source for eur/usd. http://www.forexpeacearmy.com/forex-...22-2013-a.html
I think he is one of the best analyst around,
I agree there are bearish signals everywhere, this does not mean to short, but to be watchful of short triggers, if this is a top ot the retracment, and these big resistance levels hold, my calc is an overall bearish continuation monthly is on the cards with targets that will be make most bulls squirm, I like bulls squirming
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