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  • #17,921
  • Nov 22, 2013 3:44am Nov 22, 2013 3:44am
Really who would have thought that this would go up no joke Looking for weakness a bit higher than this price. Maybe R2 at 3540?

Community outlook still bearish which should push price higher till they change the view....
Wonder were the stops are?

Whats the plan guys for today? Any thoughts?
I will probably go to aussie and short a bit more there...
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  • #17,922
  • Nov 22, 2013 6:27am Nov 22, 2013 6:27am
ok closed long for 16. Watch out for weakness here, and community outlook
  • #17,923
  • Nov 22, 2013 11:34am Nov 22, 2013 11:34am
Quoting Vladimir1987
ok closed long for 16. Watch out for weakness here, and community outlook


Quoting infinitus
{quote} I am not only measuring how often price was reached, but also do calculate the (tick)-volume on each level
And tick volume can be of great help too, I agree.

Today daily close is important. If we close above 3515, 3600 is possibility again. And take a look why we had a jump again:

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  • #17,924
  • Nov 24, 2013 9:58am Nov 24, 2013 9:58am
Hi folks, Weekly outlook from my view.
Euro ended the week at a really interesting point seen on weekly chart, the second attempt to go above that tl is being made.
I insist on bearishness under that weekly tl. i see 3580 as a last defense on that view otherwise i wouldn't try to play that pair for a longer term trade just for couple of points or more till the opportunity shows it self.
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Aussie otherhand looks extremely bearish and any weakness should be shorted, i even doubt if we get back up there to the broken resistance...
RBA making action and dollar tapering probably on the table could be a good combination to a steeper decline in price.
Saw an article where the author said a noticed shift from aussie because of RBA to kiwi transactions... was interesting to read.

If fundamentals stick to it this could go on for longer time scale
I have a feeling all bankers waiting for fed to do tapering so other can do easing on there own currency to implement a move with minor interference in the market. Just a feeling
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  • #17,925
  • Edited 6:00am Nov 25, 2013 5:35am | Edited 6:00am
Lets see what we can come up with today...

Its Monday and EURUSD is ranging abit. Also recent weakness in JPY currency pushed JOY crosses much higher. EURUSD is stalling around 3510 level, but we can see the confluence of ATR stop, 50.0 fib of the last swing high and its above L4 which lies at 3497. The price should jump off 3510-05 at least giving us a scalp, scalp swing trade and only the break of 3530 and close above it aims for 3555 and 3580 subsequently.Also bearish momentum needs to fade on MACD.
If 3495 breaks to the downside we could watch for BPC targeting 3455.

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P.S. You can also read my analysis at my Forex Blog.
  • #17,926
  • Nov 25, 2013 5:48am Nov 25, 2013 5:48am
Quoting T@rantula
Lets see what we can come up with today... Its Monday and EURUSD is ranging abit. Also recent weakness in JPY currency pushed JOY crosses much higher. EURUSD is stalling around 3510 level, but we can see the confluence of ATR stop, 50.0 fib of the last swing high and its above L4 which lies at 3497. The price should jump off 3510-05 at least giving us a scalp, scalp swing trade and only the break of 3530 and close above it aims for 3555 and 3580 subsequently.Also bearish momentum needs to fade on MACD. If 3495 breaks to the downside we could watch...
Both GU and EU look to have stalled on a pullback at the 1 hour 50EMA, while I don't always use that for my entrys, it does often provide a good opportunity to enter into a position.
  • #17,927
  • Nov 25, 2013 6:09am Nov 25, 2013 6:09am
Quoting GDR3k
{quote} Both GU and EU look to have stalled on a pullback at the 1 hour 50EMA, while I don't always use that for my entrys, it does often provide a good opportunity to enter into a position.
Yes 50 EMA serves as a dynamic support and resistance level, an I have never used it as a cross-over with other MA. Generally i advise avoid cross overs of EMA as those are lagging indicators and ranging market usually kills it. 30 50 100 EMAs as Dynamic S/R are somehow "overlooked" but there is a strenght in it, defo.
  • #17,928
  • Nov 25, 2013 6:12am Nov 25, 2013 6:12am
Quoting T@rantula
{quote} Yes 50 EMA serves as a dynamic support and resistance level, an I have never used it as a cross-over with other MA. Generally i advise avoid cross overs of EMA as those are lagging indicators and ranging market usually kills it. 30 50 100 EMAs as Dynamic S/R are somehow "overlooked" but there is a strenght in it, defo.
Me neither, I don't use crossovers at all but you're right it does serve as S/R a lot of the time.
  • #17,929
  • Nov 25, 2013 6:17am Nov 25, 2013 6:17am
Quoting GDR3k
{quote} Me neither, I don't use crossovers at all but you're right it does serve as S/R a lot of the time.
Also we have a bullish divergence formed on EURUSD H1 TF supported by marubozu engulfer. Lets see whether this will push price higher then 3530...

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  • #17,930
  • Nov 25, 2013 6:24am Nov 25, 2013 6:24am
Watchout ECB announced further possible rate cut! Could highly change outlook.
  • #17,931
  • Nov 25, 2013 6:38am Nov 25, 2013 6:38am
Gee i hoped this would go a bit more up to hit my limit order..
  • #17,932
  • Nov 25, 2013 6:48am Nov 25, 2013 6:48am
Quoting Vladimir1987
Watchout ECB announced further possible rate cut! Could highly change outlook.
Hmm, that was already happened last week. Of course any kind of manipulation is possible , but still it would need to be semi official not rumored.
  • #17,933
  • Nov 25, 2013 9:00am Nov 25, 2013 9:00am
So far we had 3510-3530. As presumed 3530 has held the rally. Lets see if 3495 will break down or provide another rally. Possible jump off 3496.
  • #17,934
  • Nov 26, 2013 1:27am Nov 26, 2013 1:27am
How's everyone?
Don't get mad, get even!
  • #17,935
  • Nov 26, 2013 4:16am Nov 26, 2013 4:16am
Quoting stulic
How's everyone?
Hey Stulic, long time no see. How are you? I am good, working a lot, totally dedicated to FX business.
  • #17,936
  • Nov 26, 2013 4:17am Nov 26, 2013 4:17am
Quoting T@rantula
Lets see what we can come up with today... Its Monday and EURUSD is ranging abit. Also recent weakness in JPY currency pushed JOY crosses much higher. EURUSD is stalling around 3510 level, but we can see the confluence of ATR stop, 50.0 fib of the last swing high and its above L4 which lies at 3497. The price should jump off 3510-05 at least giving us a scalp, scalp swing trade and only the break of 3530 and close above it aims for 3555 and 3580 subsequently.Also bearish momentum needs to fade on MACD. If 3495 breaks to the downside we could watch...
Everything goes as planned.

Qucik update .EURUSD has touched 3571 and it still look bullish.
  • #17,937
  • Nov 26, 2013 6:17am Nov 26, 2013 6:17am
Hi,

See still up force in euro present. I did last night, dont know why at night but i shorted and closed minus 10 points. Today i have seen just this buying opportunity but closed after half an hour for couple pips. I also keep in mind that my 4h chart is closing in 45 min and looks like a negative...

I am standing aside for now since in my opinion ether way is possible, i still aim more for the 3450 level to be tested but wont get myself trapped because of that number for a possible push up to tl.

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  • #17,938
  • Nov 26, 2013 7:47am Nov 26, 2013 7:47am
Quoting Vladimir1987
Hi, See still up force in euro present. I did last night, dont know why at night but i shorted and closed minus 10 points. Today i have seen just this buying opportunity but closed after half an hour for couple pips. I also keep in mind that my 4h chart is closing in 45 min and looks like a negative... I am standing aside for now since in my opinion ether way is possible, i still aim more for the 3450 level to be tested but wont get myself trapped because of that number for a possible push up to tl. {image}
Not sure if we will get to 3450 atm. Looks like another retest of the top is possible.
  • #17,939
  • Nov 26, 2013 8:39am Nov 26, 2013 8:39am
Have my sl put at be, but have a feeling that this is the low for today? Anyway will check it for half an hour how it goes from here if not close or reverse.

This pair is so hard to trade these days... just chop chop... Sadly i missed the opp to add to aussie short this morning because of my sleep habits...
I think i will deviate from this pair and do kiwi or aussie in coming days...

T whats your longer term view on this? week or two from now?
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  • #17,940
  • Nov 26, 2013 8:52am Nov 26, 2013 8:52am
Bljak
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