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EURUSD

  • #901,641
  • May 30, 2014 4:17am May 30, 2014 4:17am
you have to love this... ABS was what triggered the whole financial crisis in the first place
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  • #901,642
  • May 30, 2014 4:18am May 30, 2014 4:18am
Quoting milam
prices are resting between two trendlines that together form an asymmetric triangle, I think they represent support and resistance at the moment.....me think.
at resistance atm
Wherever you go, there you are.
  • #901,643
  • May 30, 2014 4:25am May 30, 2014 4:25am
Quoting DNTme
{quote} Just looking at the EG trend, i have the feel that this will go higher...;toward 0.8220 or more... Dont you think that corrolation between those 2 pairs (EU EG) will affect euro even on medium term? if not long term? {quote} thanks! {image}
I generally dislike FX correlations because they have a habit of being unreliable.... I think at this juncture the GBP and EUR are pretty much able to operate independently because they are in completely different positions regarding recovery.

as an aside I have done a lot of automated work on FX correlations taking proven correlation algos and applying them, the results are lackluster.
  • #901,644
  • May 30, 2014 4:27am May 30, 2014 4:27am
Real action is next week. The next week will define the rest of the month. (ECB, Nonfarm payrolls, EU GDP)
Want to learn more: HTO Trading
  • #901,645
  • May 30, 2014 4:31am May 30, 2014 4:31am
Quoting MaxDoom
{quote} I generally dislike FX correlations because they have a habit of being unreliable.... I think at this juncture the GBP and EUR are pretty much able to operate independently because they are in completely different positions regarding recovery. as an aside I have done a lot of automated work on FX correlations taking proven correlation algos and applying them, the results are lackluster.
Yes, corrolated pairs does not act in a perfectly synchronized way, but just can give you a hint of whats going on on the movers such as EG.

By the time i was trained to trade, i knew that EG and UJ were the kings of the market, and only based of them i'll take trade decisions. And worked perfectly for that time.
fokyou forexfactory
  • #901,646
  • May 30, 2014 4:34am May 30, 2014 4:34am
Quoting milam
{quote} italy is going to win the world cup......
in your dreams!



:d
Fail better.
  • #901,647
  • May 30, 2014 4:35am May 30, 2014 4:35am
Quoting LarryDarrell
{quote} in your dreams! :d
Croatia FTW
  • #901,648
  • May 30, 2014 4:39am May 30, 2014 4:39am
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  • #901,649
  • May 30, 2014 4:40am May 30, 2014 4:40am
Credit Suisse: The risks stay lower to 38.2% retracement support next at 1.3520. Read more: Market Watch
  • #901,650
  • May 30, 2014 4:44am May 30, 2014 4:44am
Quoting LarryDarrell
{quote} in your dreams! :d
1934 Rome
1938 Paris
1982 Spain
2006 Germany

Reality not Dreams
If you are new to Forex? Say Goodbye to your account!!
  • #901,651
  • May 30, 2014 4:44am May 30, 2014 4:44am
Quoting LarryDarrell
{quote} in your dreams! :d
lol....(it took sometime for a genuine reply)I hope we can meet Germany in the final, and teach them once more how to play football......

Inserted Video


I do not feel the love for trading today.....I am going to spend time with my kids....chat later companions...
Wherever you go, there you are.
  • #901,652
  • May 30, 2014 4:49am May 30, 2014 4:49am
Quoting KiwiTrada
{quote} 1934 Rome 1938 Paris 1982 Spain 2006 Germany Reality not Dreams
The point is that Germany in any world cup final never won a game against Italy.....That hurts...maybe one day....maybe..
Wherever you go, there you are.
  • #901,653
  • May 30, 2014 4:52am May 30, 2014 4:52am
Quoting milam
{quote} The point is that Germany in any world cup final never won a game against Italy.....That hurts...maybe one day....maybe..

Larry....I am only teasing......take care mate...

But it is true...........
Wherever you go, there you are.
  • #901,654
  • May 30, 2014 5:03am May 30, 2014 5:03am
Quoting milam
{quote} The point is that Germany in any world cup final never won a game against Italy.....That hurts...maybe one day....maybe..
it is....., well, because we let you win. That is, because we love you Italians so much, your country, the people, the mountains, the food, the Ladies, the ocean, the language, the history......

  • #901,655
  • May 30, 2014 5:54am May 30, 2014 5:54am
Quoting milam
{quote} Larry....I am only teasing......take care mate... But it is true...........
Well, not saying that Germany will win, that's for me maybe a 25% probability (hehehe), from the fundamental analysis standpoint.

Technical analysis (I think we all agree that fibs work) on the other hand shows the following (thank you Kiwi, for the inspiration):
Quoting KiwiTrada
{quote} 1934 Rome 1938 Paris 1982 Spain 2006 Germany
We need to wait for the 161.8 fib-extension, so for Italy we get this sobering picture, indicating a high probability for a next win in 2050:
Attached Image


The picture for Germany is much better, almost a sure thing. As a win in 2012 isn't possible, 2014 must be the win!
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With a closer look at the 261.8 extension we should have another shot in 2050, so that is a bit of a conflicting outlook. We'll see. If I'm still alive then (and probably filthy rich from all this forex trading), we should get in touch and watch the final together in the VIP lounge.
Fail better.
  • #901,656
  • May 30, 2014 6:06am May 30, 2014 6:06am
Quoting infinitus
{quote} it is....., well, because we let you win. That is, because we love you Italians so much, your country, the people, the mountains, the food, the Ladies, the ocean, the language, the history......

Lol... count me in for the food, Ladies and Mountains.
  • #901,657
  • May 30, 2014 6:11am May 30, 2014 6:11am
EURUSD continued following the ascending trend line within descending trend channel. Hope to see the sustained breakout above 1.3620 in order to witness a boost towards 1.3670 and 1.3690-1.3700.
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Click to Enlarge Name: eurusdh1.png Size: 45 KB
  • #901,658
  • May 30, 2014 6:46am May 30, 2014 6:46am
AUDUSD
Not a bad place to add more shorts.
Reason: Daily 61.8 Ret +Monthly pivot and bouncing off Weekly R1.
The daily candle is not finished yet so we don't know whether retracement is finished but even if we go up to .786 Ret again it's still worth scaling in.
Cheers.
We watch the charts from every angle so you don't have to!!
  • #901,659
  • May 30, 2014 6:57am May 30, 2014 6:57am
Quoting pedro319
{quote} GBPUSD ABCD pattern in progress on Daily chart. This swing can be used by scalpers and I expect 1.6788 region to hold price if retracement continues. Then I will short for more downside. Otherwise just follow to first target of this trade. GL
Waiting for price to come to my zone to short it again.
We watch the charts from every angle so you don't have to!!
  • #901,660
  • May 30, 2014 6:58am May 30, 2014 6:58am
Quoting KiwiTrada
Milam Please say you actually did do this for May http://www.forexfactory.com/showthre...08#post7436108
that profitable plan might go to dust completely.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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