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EURUSD

  • #876,681
  • Feb 13, 2014 8:32am Feb 13, 2014 8:32am
daily target 13333
  • #876,682
  • Feb 13, 2014 8:33am Feb 13, 2014 8:33am
Quoting gatorinla
seems like mass confusion here. Reminds me of Fathers day in Detroit.
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those who can, do. those who cant, talk about those who can
  • #876,683
  • Feb 13, 2014 8:38am Feb 13, 2014 8:38am
I just went flat everything... any thing working for anyone?

EURUSD chart kinda busted up after todays move, at least for bears. More upside looks possible but thats just out of alignment with my fundamental view... GBP still strong but has a ton of news risk next week.

If the US data is faltering long jpy seems like a smart move, maybe stocks will turn over and take usdjpy lower with them.

Anyone by chance playing audusd for China CPI tonight?
Twitter: @TrendersGame
  • #876,684
  • Feb 13, 2014 8:41am Feb 13, 2014 8:41am
Quoting Citiboy
I just went flat everything... any thing working for anyone? EURUSD chart kinda busted up after todays move, at least for bears. More upside looks possible but thats just out of alignment with my fundamental view... GBP still strong but has a ton of news risk next week. If the US data is faltering long jpy seems like a smart move, maybe stocks will turn over and take usdjpy lower with them. Anyone by chance playing audusd for China CPI tonight?
daily close below 76 confirms downside (it's fight for that level right now). otherwise it's going up to 3742.. so not much to do atm.
  • #876,685
  • Feb 13, 2014 8:45am Feb 13, 2014 8:45am
Quoting attila
{quote} daily close below 76 confirms downside (it's fight for that level right now). otherwise it's going up to 3742.. so not much to do atm.
why 3742?
  • #876,686
  • Feb 13, 2014 8:48am Feb 13, 2014 8:48am
Missed all the movement earlier,
try to scalp some pips
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That which does not kill us makes us stronger
  • #876,687
  • Feb 13, 2014 8:48am Feb 13, 2014 8:48am
Quoting attila
{quote} daily close below 76 confirms downside (it's fight for that level right now). otherwise it's going up to 3742.. so not much to do atm.

might i ask, how is 3676 your downside level? I see bullish engulfment of the two previous candles as long as we close above 1.3650.

Obvious resistance at 1.3680-1.3700, would be nice if we can consolidate at or below this area a few days.
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Twitter: @TrendersGame
  • #876,688
  • Feb 13, 2014 8:50am Feb 13, 2014 8:50am
Quoting Citiboy
I just went flat everything... any thing working for anyone? EURUSD chart kinda busted up after todays move, at least for bears. More upside looks possible but thats just out of alignment with my fundamental view... GBP still strong but has a ton of news risk next week. If the US data is faltering long jpy seems like a smart move, maybe stocks will turn over and take usdjpy lower with them. Anyone by chance playing audusd for China CPI tonight?
I know how you feel.
EURUSD I think is eating up the shorts, trying to wear them out with repeated whipsaws and false breakouts, constantly threatening to drop hard and then failing, reversing and threatening to break out hard to the upside.

In time the bastard will probably drop hard but most of the shorts will have been worn out by then and retreated to the sidelines. They'll then probably be buying at 1.35, fading big red candles all the way down.
I know because I've been there.
I have no clue what I'm talking about.
  • #876,689
  • Feb 13, 2014 8:53am Feb 13, 2014 8:53am
Weekly View Of The EUR/USD and why it will continue to go up:

Every downward reversal requires a spike upwards first before it decideds to make its final plunge. In the case of EUR/USD we have not seen this happening yet. Its missing a spike on the weekly chart.

As price action gets closer and closer to the pole of a circle, it becomes more and more unstable, and it is this unstability that generates the momentum for it to go upwards and break through the pole.

During the past week we have seen large dips, but not a decision to revert price action. Right now it is in the wildest zones where false reversals continue to happen.

Once 3700/3750 gets broken, it gets closer to the pole on this time frame.

The next behaviour that will be witnessed is a quick surge to break the pole at 3900. So you most probably will see something like a 150 pip quick surge upwards in the coming days.

Right now the name of the game is to buy at every dip.
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  • #876,690
  • Feb 13, 2014 8:53am Feb 13, 2014 8:53am
Quoting Citiboy
{quote} might i ask, how is 3676 your downside level? I see bullish engulfment of the two previous candles as long as we close above 1.3650. Obvious resistance at 1.3680-1.3700, would be nice if we can consolidate at or below this area a few days. {image}
high of the two daily candles to the left.
  • #876,691
  • Feb 13, 2014 8:57am Feb 13, 2014 8:57am
Quoting attila
{quote} high of the two daily candles to the left.
there are also some important daily closes to the left there.. weekly too..
  • #876,692
  • Feb 13, 2014 9:01am Feb 13, 2014 9:01am
Think Im going to stop trying to sell highs and just hit a sell thru level on the downside. 1.3550 looks promising on the 4hr, 1.3480-1.3500 on the daily. Ive been breaking even selling highs for the most part but Its just annoying as hell with all the whipsawing.


Looking for ECB QE in 2014. ultimately targeting below 1.20
Twitter: @TrendersGame
  • #876,693
  • Feb 13, 2014 9:04am Feb 13, 2014 9:04am
gbp near 6622 atm. watching it.. 6688 still eludes. . eu still in the 3698 hunt
those who can, do. those who cant, talk about those who can
  • #876,694
  • Feb 13, 2014 9:05am Feb 13, 2014 9:05am
Quoting fatpanda
daily target 13333
my target 1.07 for long term EW B retrace 50%...and no coming back as some people said...
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #876,695
  • Feb 13, 2014 9:08am Feb 13, 2014 9:08am
Quoting Citiboy
I just went flat everything... any thing working for anyone? EURUSD chart kinda busted up after todays move, at least for bears. More upside looks possible but thats just out of alignment with my fundamental view... GBP still strong but has a ton of news risk next week. If the US data is faltering long jpy seems like a smart move, maybe stocks will turn over and take usdjpy lower with them. Anyone by chance playing audusd for China CPI tonight?
Nop, nothing working for me. Got stopped out from my short and I have been timed one step early than euro on his moves causing me to position too early or too late.
  • #876,696
  • Feb 13, 2014 9:13am Feb 13, 2014 9:13am
Inserted Video

gu 6688
those who can, do. those who cant, talk about those who can
  • #876,697
  • Feb 13, 2014 9:15am Feb 13, 2014 9:15am
seems like it wants to start dropping
  • #876,698
  • Feb 13, 2014 9:16am Feb 13, 2014 9:16am
Nice trading, can't expect more from NY traders.
COT: The precious data ignored
  • #876,699
  • Feb 13, 2014 9:16am Feb 13, 2014 9:16am

(US) DEC BUSINESS INVENTORIES: 0.5% V 0.4%E

EU finding resistance around 3672

  • #876,700
  • Feb 13, 2014 9:20am Feb 13, 2014 9:20am
Quoting kuroro001
Nice trading, can't expect more from NY traders.
yeah... just look at their faces.. they would chop their mama and sell her by the pound....
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