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EURUSD

  • #877,501
  • Feb 18, 2014 9:21am Feb 18, 2014 9:21am
Quoting Yellen
{quote} yes but that doesn't matter
What does then?
swing it!
  • #877,502
  • Feb 18, 2014 9:22am Feb 18, 2014 9:22am
How strongly bull holding the gain even in heavy overbuy condition.
EZ seems doesn't want weak euro in long term plan. Either stable or strong euro that they are looking for.
You cannot learn better without losing
  • #877,503
  • Feb 18, 2014 9:24am Feb 18, 2014 9:24am
Another good setup. Glad I was able to pull a nice profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-02-18 14.13.53.png Size: 406 KB
http://killingitictstyle.blogspot.co...-breakout.html
  • #877,504
  • Feb 18, 2014 9:25am Feb 18, 2014 9:25am
uptrend is almost over... highest could be 1.38... then its going to have a huge fall... 1.34 estimated... maybe even more.
  • #877,505
  • Feb 18, 2014 9:27am Feb 18, 2014 9:27am
When EU is bullish, why is ECHF bearish? Are they inversely correlated?
  • #877,506
  • Feb 18, 2014 9:28am Feb 18, 2014 9:28am
Quoting tomspin
{quote} What does then?
Fundamentals and they change very fast

Everything is strached, building long postions to play for eur strenght is premature right now
so my short have "a edge"
  • #877,507
  • Feb 18, 2014 9:29am Feb 18, 2014 9:29am
Quoting Yellen
{quote} Fundamentals and they change very fast
Always interested in those, what's your opinion for bearish euro?
swing it!
  • #877,508
  • Feb 18, 2014 9:31am Feb 18, 2014 9:31am
add short as planned
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #877,509
  • Feb 18, 2014 9:33am Feb 18, 2014 9:33am
Quoting lancedes
When EU is bullish, why is ECHF bearish? Are they inversely correlated?
Yes and NO;

You have a neg cor between EURUSD and USDCHF. But for the EURCHF I'm coz it's pegged, I wonder how one can do any TA on this pair. At least I tried and I let it down, not worth the time you spend on it.
Don't be smart. Be rich.
  • #877,510
  • Feb 18, 2014 9:35am Feb 18, 2014 9:35am
NY moved EU a bit, too much for today, time to sleep for them they worked 2 hours!
COT: The precious data ignored
  • #877,511
  • Feb 18, 2014 9:39am Feb 18, 2014 9:39am
Quoting brian.jer
{quote} Check the relative strength indicator. The market is very over-bought currently. It needs to pull back at least 50 pips.
I appologize if I offer my opinion in this matter.
Just mean to be informitive,
but in regards to RSI,

it can trick the observer if you just consider overbought and oversold values of +75 or -30. RSI in a uptrend has to make at least 2 spikes before being considered for any turn arounds. On the daily I am offering the below diagram to make it a bit more clear.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily_RSI.jpg Size: 214 KB
  • #877,512
  • Feb 18, 2014 9:41am Feb 18, 2014 9:41am
Quoting tomspin
{quote} Always interested in those, what's your opinion for bearish euro?
Well I am actually a euro bull. I think it will go to 1.40

But at this moment, tactically long is not the correct option.
Position is clean so from here 1.37 people will build start build shorts or longs.
Nothing has been clear lately, the prices are too high for a bull case, and the ECB policy is too uncertainly for a bear case. So we have been on this choppy ranges with stops run on both sides of the band.

At this moment we had a usd sell-off and its streched, its already starting to gain (USD) on almost all Asian currencies, euro is still going up unware of it all. It can't sustain and all this longs will go flush out tomorrow or this week at least.

With stops being run the only driving force today it will very likely go down.

Edit: yields are also 'streched' they don't have much room left to go.
  • #877,513
  • Feb 18, 2014 9:43am Feb 18, 2014 9:43am
This current hourly close will be a close call.

If above 63 then likely higher, if below 57 then likely lower and if between, that's a coin toss.
They think they are smarter than I am.
  • #877,514
  • Feb 18, 2014 9:45am Feb 18, 2014 9:45am
Quoting brian.jer
{quote} Check the relative strength indicator. The market is very over-bought currently. It needs to pull back at least 50 pips.
market can stay OB or OS for days....more than you can stay solvent.
fokyou forexfactory
  • #877,515
  • Feb 18, 2014 9:47am Feb 18, 2014 9:47am
Quoting Yellen
{quote} Well I am actually a euro bull. I think it will go to 1.40 But at this moment, tactically long is not the correct option. Position is clean so from here 1.37 people will build start build shorts or longs. Nothing has been clear lately, the prices are too high for a bull case, and the ECB policy is too uncertainly for a bear case. So we have been on this choppy ranges with stops run on both sides of the band. At this moment we had a usd sell-off and its streched, its already starting to gain (USD) on almost all Asian currencies, euro is still...
I see, Thank you
swing it!
  • #877,516
  • Feb 18, 2014 9:48am Feb 18, 2014 9:48am
Quoting forexings
How strongly bull holding the gain even in heavy overbuy condition. EZ seems doesn't want weak euro in long term plan. Either stable or strong euro that they are looking for.
Germany wants weak EUR, but economical data has nothing to do with it. Plans for EUR strenght of weakness come from central bank not the strenght of industry, besides economical data has least impact on EUR along any currencies in world becouse it is so mixed in economies.
  • #877,517
  • Feb 18, 2014 9:51am Feb 18, 2014 9:51am
I have been around but posting after a long gap. Looking at the long:short ratio in leading brokerages and the chart, there is absolutely 0% chance this is going to go down from here without testing at least 1.39, more likely cross 1.4, squeeze out the shorts to get the ratio to a more sustainable value, before heavy shorting begins.
The price will go where it has to go.
  • #877,518
  • Feb 18, 2014 9:52am Feb 18, 2014 9:52am
Quoting janpec1000
{quote} Germany wants weak EUR, but economical data has nothing to do with it. Plans for EUR strenght of weakness come from central bank not the strenght of industry, besides economical data has least impact on EUR along any currencies in world becouse it is so mixed in economies.
If strong euro is not ECB's plan then they would've act before it's too late.
You cannot learn better without losing
  • #877,519
  • Feb 18, 2014 9:59am Feb 18, 2014 9:59am
Quoting Z3iz3i
This current hourly close will be a close call. If above 63 then likely higher, if below 57 then likely lower and if between, that's a coin toss.
Frustrating market today.

Now it wants to close either in 50 or 55 as alternatives.

Wonder if pair is getting a bit lighter it will find bids there or a bit below.

46/7 is extreme.
They think they are smarter than I am.
  • #877,520
  • Feb 18, 2014 10:15am Feb 18, 2014 10:15am
Quoting Miguel.N
{quote} ...why not, this with crazy forex, so the rocket can re-start at any time, and lucky who add longs positions ! -)
Did you knew that all fx traders that work in dealing desks and such have rocket science engineering course? Its true.
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