EURUSD

You such a master of trolls desperate for attention?
Now you back to wacho & sycho iggy list. Your action been ignored for ever, troll.

yet you shitpile still subscribe to me. bipolar? ass-kisser? low self-esteem?

Hi guys, I am looking for a EuroUSD discussion thread, where do you guys think I should go? any ideas? Thanks.

weekend, chicky. take some time off.

cannot help it ........... This is the only time my analysis of currency market is 100% right.

I bet, pa won't move in the next five hours.

Mention the word Spam and FFleo takes it as an invite...

Really not helping out your case, dude.

I'd be willing to bet that the only thing more offensive and annoying than seeing your name with the word,
beside it, would be to have to read your posts.

I was just kidding around mate I didn't mean any offense. I am familiar with Magix and know he comes off harsh and sometimes a little too honest but I try to avoid getting in the middle of any personal squabbles if I can. I try to keep an even keel in these sort of places and try to treat it with the same detachment I use in my trading. I respect your input and your analysis is why I am subscribed to you. Sorry, have a good new year.

You must be new here.

Look! No one kids around here and no one messes up with Magix unless that person's name is Gator.

ps - that post appreared a minute before my this one



http://www.forexfactory.com/showthre...67#post7178667

Ok thanks for heads up, though I have broad shoulders. Not really afraid of other people punching on their keyboards until they find out where I live and if they do then I've got warn them not to mess with me cos........ I'm a really fast runner

I think this is a BIG news for EURUSD that Draghi said ECB has no reason for further rate cut (Sourche http://adf.ly/bMEok ) , so it is sign further rate hike, well you know, there is no FOREVER low rate, some day rate will hike

My trades from the week of Dec 22nd.

hey guys, anyone know primary id of whitehorse?
just curious, why to many trader have much id here
and how moderator can know???

This is a copy of my analysis from my blog I write daily on currency pairs I track - to visit my blog, please checkout my profile

EURUSD Daily And Weekly Outlook for 30th December 2013 (Monday)

Weekly Chart
http://1.bp.blogspot.com/-Xb8Ic7zxcE...2-29_23-06.jpg
EURUSD - Weekly2013-12-29_23-06.jpg

 

1. Trend - Bullish
2. Ascending Trend line since July 2013
3. Third weekly candles showing holding above 1.365-1.37
4. Stochastics - Crossed / Down
5. Weekly Candle - Shooting star / Bearish
6. Close to Weekly Descending Trend line which spans from 2008 , 2011 second touch, 2013/14 potential third touch
7. Clear rejection from 61.8% back from downtrend from 2011
8. Confluence of levels of 161.8 fib extension of first leg from July 2012 low to first week of Sept 2012

3 Bullish points, and 5 Bearish Points


http://3.bp.blogspot.com/-aWbW4swpC9...06+example.jpg
Jan 2011 (same levels)
EURUSD - Weekly2013-12-29_23-06 example.jpg
There are more bearish signals from my bullet point summary above, then there is bullish. However zooming into major support, we are still trading on major support level of 1.365-1.37 which we are holding for the third week.
If you look at the candles in January 2011, trading around the same levels which we are currently in, there were shooting stars showing bearish (3 x consecutive week), and finally the fourth and fifth week the bulls win the race and headed higher for many weeks after.
Currently pure price action this tells me it wants to go higher,

 

1. In October it broke this major level
2. Following two weeks broke back below it,
3. Then following 7 week we regained the drop and now trading back above the major level
4. whats next? - If it goes higher, I will target the 127.20fib ext (1.3970) which will have a potential butterfly pattern to the downside

Currently pure price action - this tells me it wants to go higher, but will it? .... lets see a lower time frame



Daily Chart


http://4.bp.blogspot.com/-CUQzrG1Aj5...2-29_23-06.jpg
EURUSD - Daily 2013-12-29_23-06.jpg

1. Trend Ascending / Bullish
2. Ascending Trend Line respected third touch
3. Stochastic are pointing upwards
4. RSI reading is 60
5. Trading above major support
6. Friday candle is bearish (shooting star), however is in a messy area and not a clean area. - eg if you look left, what do you see? lots of action!

5 Bullish points, and 1 Bearish point




If I were to look at just Friday's candle alone, I would go short, however on a bigger picture where that candle is, its not appealing, and even if the short side of things, you have the ascending trend line + major resistance not far from.


From my analysis on this daily chart, there are too many bullish points, at this stage any trade, I will look for a long opportunity.

Hourly Chart
http://2.bp.blogspot.com/-7w4caV6qsW...2-29_23-06.jpg
EURUSD - H1 2013-12-29_23-06.jpg

1. Huge spike which hit the R2 Weekly Pivot and also the 127.20 extention
2. Stochastic are extremely oversold, and has crossed lines but not clear
3. RSI reading is around 50
4. The retrace is currently paused at around the 61.8 fib back (if drawn from the low of 20th of Dec

If we draw the fib from the 24th Dec low, we have broke the 61.8 back, and potentially looking for the 78.6 back which is last weeks pivot weekly / 1.37060 level , This will be a retest of the breakout level, which could potentially find new highs. Any break below this area will have to reanalyze further trades direction


Still looks bullish to me



Outlook Trade opportunity
Please look at my hourly chart, I have two yellow levels,

 

1. one at a 61.8 fib / 1.37270
2. second at the 78.6fib / previous wks pivot / 1.370 levels

If my forecast (bullish) is right, the question is will it retrace to my second entry, because after such strong move up? , safest way for entry is to wait for price action confirmation for entry
Risk Level - LOW


Thanks you guys,

feel free to follow my twitter and blog (details in my profile)

Lets update EURUSD plan :

The last daily shooting star is invalid, so i'm ruling it as " Buyers willingness to buy above higher price ". Quite interesting how the levels played out on this plan. The minor support 1.36930 gave retracing power of +/- 25 pips , then the mid support 1.37880 retraced approximately 60 pips , then the last one on this chart is 1.389X which is now approximately 140 pips. So, since there is not signs of reversing yet - i'm still expecting 1.399X to deliver at least 400 pips retrace and be the point where the daily trend side for sometime.



So the plan, could be:

Buying 1.368X on valid support or price resisting a move lower - targeting 1.399X..
Then reverse from 1.399X towards 1.35X

This is probably my early projection of January..

Missed a hidden long entry and hope to get it back. It was caused by holiday hours, otherwise there should be a few more bars on the chart...

well, to get a first guess, what web-admins are capable of doing order to identify returning visitors read the following article:

http://online.wsj.com/news/articles/...08382675931492

First try,, let see
is it working?

Oh it worked thanks guys and Thanks for that "Smart Meter"