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EURUSD

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#875,361
Feb 8, 2014 9:40am Feb 8, 2014 9:40am

Diamondi
| Joined Feb 2014 | Status: Trader | 1 Post

Hi,

looking at the fundamental news there are 4 signs why I think the Eur/Usd will be going down.

1. Although the NFP were so bad for the USD it didn’t go up so strongly, but the unemployment rate did go down 0.1%, this is a mix news overall slightly bad for the USD, but taking the cold wave the last 5 weeks, it may justify the data.
2. The German Court issue is quite bearish for the EUR, and EUR not going far because of the NFP means there is massive resistance on the 1.3630-1.3650 level.
3. I have been reviewing my last count for EURUSD yesterday, where I had the low at 1.3483 as a Fifth wave failure, but after reviewing this count I don't think this is the best count. Therefore the above count is my preferred count. This count shows that wave i ended at the low at 1.3477 and from this low we have seen a a-b-c rally higher as wave ii and we have likely seen the top of wave ii at 1.3619 or will see a top slightly higher at 1.3639 for the next powerful decline in wave iii towards 1.3185.

4. And it doesn’t make sense that the EUR is to strong, it suppose to be at much lower levels soon, this is good for the EU because low EUR rate is good for recovery for the EU economy.

#875,362
Feb 8, 2014 9:41am Feb 8, 2014 9:41am

moneymove
Joined Mar 2011 | Status: Compounding Everyday | 846 Posts

Huh..!??

You know which beach have good wave to surf?

That which does not kill us makes us stronger

#875,363
Feb 8, 2014 9:48am Feb 8, 2014 9:48am

jmn5611
Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts

Quoting moneymove

Disliked

{quote} Me too...

Ignored

That's a good thing moneymove!

If you are good at something, never do it for free--Joker

#875,364
Feb 8, 2014 10:30am Feb 8, 2014 10:30am

sakisf
Joined Sep 2013 | Status: boreddddd | 3,137 Posts

Quoting KelcieSus

Disliked

{quote} A lot of reasons. Its hard to explain it all, but simply put is like this, deflation will create a stronger euro. If you see deflation readings and ECB won't act, I can promise we will see 1.40

Ignored

Unless you expect to see 1.40 before May I am not sure you will see it. Euro-elections in Greece (May 2014) are bringing a >50% for far-left and neonazi parties which would either drop the government bringing Greece closer to leaving the Euro / default (=euro sinking) or cause other EU countries to a more relaxed plan towards Greece with more funding (=euro sinking) or debt write-off (=political crisis for EU >> euro sinking).

#875,365
Feb 8, 2014 12:18pm Feb 8, 2014 12:18pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting Hickson

Disliked

{quote} Do you play there? So we might start some games.

Ignored

Sure my user name is rubo64
I usually play late nights.my rating fluctuates between 15-1650 depending how many drinks consumed while playing...
Regards

In trading, you have to be defensive and aggressive at the same time

#875,366
Edited 12:57pm Feb 8, 2014 12:25pm | Edited 12:57pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

I had some embarrassing posts thrown at me by haters and lot of erroneous garbage posts.
6months ego I did lose 37% of my account and since then recovered my losses and learned from my mistakes however it does not stop one poster( DailyChart)keep reminding me of it.Mocking me over and over.Calling me "pro" Trader on every opportunity with mocking laughing manner when I never claimed I am.I have full time job.My account is not big yet to trade full time.
His posts are full of assumptions what my positions are and sadly the guy is truly suffering from jealousy syndrome.
Decided not going to respond to trolls and haters.That's it.

In trading, you have to be defensive and aggressive at the same time

#875,367
Feb 8, 2014 12:28pm Feb 8, 2014 12:28pm

Hickson
Joined Jan 2014 | Status: Less is more ... | 9,059 Posts

Quoting Davit

Disliked

{quote} Sure my user name is rubo64 I usually play late nights.my rating fluctuates between 15-1650 depending how many drinks consumed while playing... Regards

Ignored

Ok, added!

Fix up, trade sharp ...

#875,368
Feb 8, 2014 12:52pm Feb 8, 2014 12:52pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting sakisf

Disliked

{quote} Unless you expect to see 1.40 before May I am not sure you will see it. Euro-elections in Greece (May 2014) are bringing a >50% for far-left and neonazi parties which would either drop the government bringing Greece closer to leaving the Euro / default (=euro sinking) or cause other EU countries to a more relaxed plan towards Greece with more funding (=euro sinking) or debt write-off (=political crisis for EU >> euro sinking).

Ignored

Hi Sakisf
Te Kanis
Lot of these new traders have strong opinions but very poor understand of economy and fundamentals.I have him on ignore list.
I am all Bear

Regards

In trading, you have to be defensive and aggressive at the same time

#875,369
Feb 8, 2014 1:03pm Feb 8, 2014 1:03pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Entire yellow box is sell zone harmonically
Upper TL is not broken, 61.8 fib at 3640 was not violated.

Attached Image (click to enlarge)

Click to Enlarge

Name: eurusd.daily.png
Size: 41 KB

In trading, you have to be defensive and aggressive at the same time

#875,370
Feb 8, 2014 1:04pm Feb 8, 2014 1:04pm

korvix
| Membership Revoked | Joined Sep 2012 | 12 Posts

so eur going down from sma ?

#875,371
Feb 8, 2014 1:09pm Feb 8, 2014 1:09pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting ud1nh0

Disliked

{quote} making money cheap is buy..... big 5 wave top selll big 5 wave down buy... flat exceed 200 sell... zigzag do not exist. simple small 5 wave..stay out... what's your opinion?

Ignored

One of the most difficult thing is establishing correct Elliot Waves.Even with years of practice on Elliot Waves errors are often occur.
In principle yes its true in practice hard to nail down.

In trading, you have to be defensive and aggressive at the same time

#875,372
Feb 8, 2014 1:17pm Feb 8, 2014 1:17pm

Davit
Joined Feb 2012 | Status: Trader | 21,377 Posts

Quoting korvix

Disliked

so eur going down from sma ?

Ignored

http://www.babypips.com/
click on school and graduate.Demo 1year.It will save you ton of money.

In trading, you have to be defensive and aggressive at the same time

#875,373
Feb 8, 2014 1:48pm Feb 8, 2014 1:48pm

KelcieSus
| Additional Username | Joined Feb 2014 | 43 Posts

Quoting sakisf

Disliked

{quote} Unless you expect to see 1.40 before May I am not sure you will see it. Euro-elections in Greece (May 2014) are bringing a >50% for far-left and neonazi parties which would either drop the government bringing Greece closer to leaving the Euro / default (=euro sinking) or cause other EU countries to a more relaxed plan towards Greece with more funding (=euro sinking) or debt write-off (=political crisis for EU >> euro sinking).

Ignored

Yes it could be before May, no worries.

Anyway, those risk events could snowball on the worst possible outcome and add uncertainty. Euro will probably price in little of those risks until they happen.

#875,374
Feb 8, 2014 1:54pm Feb 8, 2014 1:54pm

kimisiow83
| Commercial User | Joined Jan 2014 | 336 Posts

Quoting Davit

Disliked

{quote} Hi Sakisf Te Kanis Lot of these new traders have strong opinions but very poor understand of economy and fundamentals.I have him on ignore list. I am all Bear Regards

Ignored

You have your view, and other person have their view. I saw you says someone suffering jealousy syndrome, but it seems you are the one laughing almost everyone a new trader and you are always have the right point of view and other person point of view is just a newbie and don't know about anything. I try your words before too since last week, but it seems you are the one who keep saying people is weaker than you and your view is the best in here when they are on opposite/against your view. Don't think yourself is the best, try to live outside of your own world because there might be someone outside is absolutely better than you. Loss of 37% in account is serious matter? I don't think so, problem is do you know how to wake up from your mistakes. If you can't accept loss with some mocking other people words, don't trade and it just bring me your words are so childish and you are absolutely an emotional trader.

By the way, if you are so great, you need not a full time job I think. I am only a newbie trader in your view, but I trade full time, I have a great lifestyle and all of my income came from Only Trading Forex. But I never admit I am an expert trader and I am still learning everyday, I don't join any forum last time, but I have wake up because I know better suggestion or strategy in forum after reading previous. Of course I also don't mind people like to laugh at me or other person when they don't know how much their own value is. Forum is some place for sharing, not mocking and laughing someone. SHARING MEANS CARING.

Cheers

I am not the SMARTEST person in the world, I am the PERSISTENT one.