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  • #903,061
  • Jun 6, 2014 4:11am Jun 6, 2014 4:11am
Quoting milam
clear signs of ranging just below the broken channel line and 3640
just broke out of the range going towards the recent low, a failed Bo with the test of the low or an HL?
Wherever you go, there you are.
  • #903,062
  • Jun 6, 2014 4:16am Jun 6, 2014 4:16am
Quoting milam
{quote} Me scusi signor Gator, io non capisco, non parlo bene l"Italiano.....
Gator, mine was a joke, not disrespect what so ever...did you google it?
Wherever you go, there you are.
  • #903,063
  • Jun 6, 2014 4:24am Jun 6, 2014 4:24am
Quoting Chicky
{quote} No doubt Euro is the reserve currency of future and maybe one of the strongest currencies this world has ever seen since currency was invented.
I first heard talk about a possible change from the USD as reserve currency...in 1970.
  • #903,064
  • Jun 6, 2014 4:26am Jun 6, 2014 4:26am
Quoting milam
{quote} Me scusi signor Gator, io non capisco, non parlo bene l"Italiano.....
u had a cut yesterday, techs bounced drop off an imaginary line that dont exist. or mofus are mofus. meanwhile lots of things not written beforehand will be written to fill in the blanks.
last year pa produced a target pointing to 4146, most times before reaching 4146 the pair would need to go to 3102. we went 77% of the way to 4146 and dropped at some older bearish areas. anyway a drop to 3102 before 4146 is normal. it dropped and did make a bounce from a place notorious for bounces using the 3102 path. on that bounce yesterdays high is 3669, 1/4 of the way using yesterdays low to 4146 is 3663.. we rested near here.its also a good past R and a few other things. 3661/66 is where i was looking for larger tf closes weeks back. since we closed a week and a month below.
those who can, do. those who cant, talk about those who can
  • #903,065
  • Jun 6, 2014 4:28am Jun 6, 2014 4:28am
Quoting Vachus
{quote} In other words, you are buying the recovery story?! I do
I am buying because if I don't someone else, its better be me first.

A) The envoirment we are in now is like this: The FED made clear that it wont stop easing until we have growth; US growth feeds into global growth as well and that goes into Europe. FED made clear that or we get growth (good for global growth=>good for other currencies) or we get easing (USD weakness).
This creates B) Risk taking, euro recovery is also a 'myth' by all accounts, but with risk-taking being so high, no one will wait for it to be solved.

So take all of this you can expect FED long-term easing as it will take a long time to normalize growth (A); and Eur/Usd seen as a good bet as risk is being priced-out (B).
In terms of long-term investing I would not buy Euro if I could not touch it for 5-10 years, its risky. But for >1.40 its complety worth taking.
  • #903,066
  • Jun 6, 2014 4:30am Jun 6, 2014 4:30am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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path to 3108 and yesterdays path
those who can, do. those who cant, talk about those who can
  • #903,067
  • Jun 6, 2014 4:32am Jun 6, 2014 4:32am
I am aware that euro is a currency not a stock, but the point is the same.
  • #903,068
  • Jun 6, 2014 4:36am Jun 6, 2014 4:36am
Quoting gatorinla
{quote} u had a cut yesterday, techs bounced drop off an imaginary line that dont exist. or mofus are mofus. meanwhile lots of things not written beforehand will be written to fill in the blanks. last year pa produced a target pointing to 4146, most times before reaching 4146 the pair would need to go to 3102. we went 77% of the way to 4146 and dropped at some older bearish areas. anyway a drop to 3102 before 4146 is normal. it dropped and did make a bounce from a place notorious for bounces using the 3102 path. on that bounce yesterdays high is...
ok..Thank for sharing
Wherever you go, there you are.
  • #903,069
  • Jun 6, 2014 4:38am Jun 6, 2014 4:38am
The ADP data were much worse than expected. Market expectations were for a 210,000 reading, but it was only 179,000.
So the expectations for the NFP today are 218,000 and I think they will be 187,000 worse than expected.
EURUSD, GOLD should rise and the Indexes should fall!!
Could this be a sign of a potential correction in the markets?
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  • #903,070
  • Edited 5:20am Jun 6, 2014 4:46am | Edited 5:20am
Quoting emmalee25
{quote} I am buying because if I don't someone else, its better be me first. A) The envoirment we are in now is like this: The FED made clear that it wont stop easing until we have growth; US growth feeds into global growth as well and that goes into Europe. FED made clear that or we get growth (good for global growth=>good for other currencies) or we get easing (USD weakness). This creates B) Risk taking, euro recovery is also a 'myth' by all accounts, but with risk-taking being so high, no one will wait for it to be solved. So take all of this...
I see your point, and i have similar idea. As for the EURUSD trend, my opinion the trend that started late 2012 is still in hesitation mode and hasn't accelerated yet .. If the Euro was a stock, i will consider holding it for the next 10 years! The events of 2008 may have unveiled the vulnerabilities in some weak European countries, but it also increased the reliance on the expansionary nature of the U.S Dollar. So, things should be fine till the next crisis!
"It's the Margin, Stupid."
  • #903,071
  • Jun 6, 2014 4:46am Jun 6, 2014 4:46am
Quoting milam
{quote} Gator, mine was a joke, not disrespect what so ever...did you google it?
didn't have time. i am typing in the dark with one finger off a laptop trying to sleep.
those who can, do. those who cant, talk about those who can
  • #903,072
  • Jun 6, 2014 4:52am Jun 6, 2014 4:52am
the shit is getting deep. the u.s., swiss, japan, world are floating this turd to prevent ww3.. w/o the float its sinks.. yes they have domestic reasons to float it. one has to out do they other, wars need to be funded. all are fighting a e drop
those who can, do. those who cant, talk about those who can
  • #903,073
  • Jun 6, 2014 4:58am Jun 6, 2014 4:58am
Quoting gatorinla
{quote} didn't have time. i am typing in the dark with one finger off a laptop trying to sleep.
Wherever you go, there you are.
  • #903,074
  • Jun 6, 2014 5:19am Jun 6, 2014 5:19am
Guys Guys ... Would you please name your reasons when talking about downward and upwards of chart . I havnt been in Forex since crisis but as I remember and we all know Forex is not about "I feel it goes that way ."
And technical friends please tell me about this channel , am I right or not ?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdproweekly.png Size: 46 KB

yellow channel in blue circle says we will have a break and there should be a downward as same height of channel which is shown with blue triangles highlighted with red circles and I also comparing last lines as that red "M" or double tops , am I right or wrong . ( sorry for so many lines and circles in chart whn Im thinking and adding theories I do that )
People wont learn to post analysis in forums not "I think its down/up!"
  • #903,075
  • Jun 6, 2014 5:23am Jun 6, 2014 5:23am
the first 5m green candle was a good buy for a scalp, risking about 5 pips, I did not take it..........
Wherever you go, there you are.
  • #903,076
  • Jun 6, 2014 5:27am Jun 6, 2014 5:27am
Quoting Vachus
{quote} I see your point, and i have similar idea. As for the EURUSD trend, my opinion the trend that started late 2012 is still in hesitation mode and hasn't accelerated yet .. If the Euro was a stock, i will consider holding it for the next 10 years! The events of 2008 may have unveiled the vulnerabilities in some weak European countries, but it also increased the reliance on the expansionary nature of the U.S Dollar. So, things should be fine till the next crisis!
Correct, started in 2012. That was the peak of anti-euro bets, it never went as uncertained about euro future as it was at that time, it also did a bottom on EUR/USD as the currency would be the first thing to fall appart on a domino style break-out of europe.
  • #903,077
  • Jun 6, 2014 5:33am Jun 6, 2014 5:33am
Quoting WillyWonka
{quote} I would say the 1.3595 move if anything as the retail trader figures are weighted towards the longs at 56% longs vs 44% short.
Cheers WW.
I'm guessing this is from CoT?

Happy trading.
  • #903,078
  • Jun 6, 2014 5:39am Jun 6, 2014 5:39am
I appreciate the post of all the members of this thread. i have been reading the post for a long time now. just making my first post, and a young trader, but eager to learn and become a successful trader. thank you all for the contributions
  • #903,079
  • Jun 6, 2014 5:40am Jun 6, 2014 5:40am
Quoting gatorinla
path to 3108 and yesterdays path
Some weeks ago I drew these lines for the level we are in now and the big range below.

Interestingly, my 1.30918 is very near (at this scale) to your 1.3102.

Drawing a set of custom Fibo's (50% between lines) between 1.39923 and 1.3102 offers some interesting coincidences/stops in the way, specially in lower TF.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 60 KB
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  • #903,080
  • Jun 6, 2014 5:43am Jun 6, 2014 5:43am
has anyone read this : http://jrajiv.typepad.com ? EUR/USD rallied yesterday, luckily i lost only 20 pips instead 100+ . this person claims its inevitable because of SNB... it doesnt make sense to me.... any thoughts ?
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