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EURUSD

  • #904,681
  • Jun 16, 2014 5:06am Jun 16, 2014 5:06am
EURUSD is in a choppy daily consolidation respecting the support of 1.3511. Can EURUSD break this support and continue downward to 1.3470?
Want to learn more: HTO Trading
  • #904,682
  • Jun 16, 2014 5:07am Jun 16, 2014 5:07am
I'm of the view that the EUR will rise across the board over the next week.

Harmonic patterns complete on EUR/GBP, EUR/AUD, EUR/CAD and a few others on the daily charts. But I must admit, this trade is a real gamble.

https://charts.mql5.com/4/982/eurusd...al-markets.png
Follow me at andrewfx2020 (dot) com
  • #904,683
  • Jun 16, 2014 5:08am Jun 16, 2014 5:08am
Quoting Vachus
{quote} You know what i'm thinking Max, to go long on GBPUSD and short GBPJPY ... If the pound rises, the bullish yen will slow down GBPJPY But if it falls off the roof, GBPJPY will slide more .. *However, it could go catastrophic if the yen switched it's mind and decided to fall as well
always the risk with the yen pairs..... and the equation seems to be more complicated these days between USD EUR YEN, or maybe I am just getting old
  • #904,684
  • Jun 16, 2014 5:11am Jun 16, 2014 5:11am
Quoting MaxDoom
{quote} always the risk with the yen pairs..... and the equation seems to be more complicated these days between USD EUR YEN, or maybe I am just getting old
yes you are an old goat...
Wherever you go, there you are.
  • #904,685
  • Jun 16, 2014 5:12am Jun 16, 2014 5:12am
Quoting MaxDoom
{quote} always the risk with the yen pairs..... and the equation seems to be more complicated these days between USD EUR YEN, or maybe I am just getting old
On the contrary Max, i have also noticed the distortion - and i keep wondering if this a temporary thing or a new trend emerging... i still don't understand how the Yen, and the equities are moving together in the same direction! We live in a wired world
"It's the Margin, Stupid."
  • #904,686
  • Jun 16, 2014 5:13am Jun 16, 2014 5:13am
Quoting milam
{quote} yes you are an old goat...
yes
Attached Image
  • #904,687
  • Jun 16, 2014 5:17am Jun 16, 2014 5:17am
Quoting MaxDoom
{quote} yes {image}
yes
Attached Image
Wherever you go, there you are.
  • #904,688
  • Jun 16, 2014 5:30am Jun 16, 2014 5:30am
Quoting MaxDoom
{quote} I see that and I agree but as you know that monthly is looking bullish for 1.77 and the UK is doing pretty good at present so watch your ass

yep monthly to change needs weekly then daily to start first, a june doji will make trading interesting for rest of year, thanks for good advice, I will watch both ass,s

uc daily if can hold here or rally some more till close will be a very nice 3 candle pattern, but as you know daily and weekly barely move, but lower timeframes is all exciting account killer bouncy shit
If you are new to Forex? Say Goodbye to your account!!
  • #904,689
  • Jun 16, 2014 5:32am Jun 16, 2014 5:32am
will look for shorts against 3570 if the chance presents itself, might be some resistance at 3543 to boot, but i'll pass there........also keeping an eye on 102.02 in the yen...
Look Sharp/Trade Tight
  • #904,690
  • Jun 16, 2014 5:37am Jun 16, 2014 5:37am
Quoting AussieForexM
I'm of the view that the EUR will rise across the board over the next week. Harmonic patterns complete on EUR/GBP, EUR/AUD, EUR/CAD and a few others on the daily charts. But I must admit, this trade is a real gamble. {image}


Inserted Video
not euphoria follower
  • #904,691
  • Jun 16, 2014 5:43am Jun 16, 2014 5:43am
Quoting iqyu5an
{quote}
a scott carney fan?
Wherever you go, there you are.
  • #904,692
  • Jun 16, 2014 5:46am Jun 16, 2014 5:46am
Quoting milam
{quote} a scott carney fan?
low risk high return fan...
not euphoria follower
  • #904,693
  • Jun 16, 2014 5:48am Jun 16, 2014 5:48am
Quoting iqyu5an
{quote} low risk high return fan...
meaning? (2)
Wherever you go, there you are.
  • #904,694
  • Jun 16, 2014 5:49am Jun 16, 2014 5:49am
Quoting milam
{quote} meaning? (2)
not euphoria follower
  • #904,695
  • Jun 16, 2014 5:53am Jun 16, 2014 5:53am
Quoting iqyu5an
{quote}
I can tell you are a carney fan.....you do not need to say....it is clear...
Wherever you go, there you are.
  • #904,696
  • Jun 16, 2014 5:58am Jun 16, 2014 5:58am
Euro shorts positions are euro long positions but the nature of them is different, leveraged euro selling werebuild and are possible the biggest danger for a upside move right now. As it fails to break 1.35 these positions could start to unwind going close to 1.36 for a jump into 1.3660.

There are some possible developments that I see to break 1.35:
1. EONIA: In case it becomes negative should create enough selling pressure to test 1.35 again and possible break
2. B/E inflation: If inflation expectations are not moving higher it implies that ECB measures are not being enough to spur inflation.
3. Interest rate differentials presses lower;

If these fail and with no further headlines I think its inevitble that we go to the middle of 1.36<->1.37 range.

Also there are big enough bids at 1.3512 as it fails everytime to pierce it, its not a coincidence.
  • #904,697
  • Jun 16, 2014 5:59am Jun 16, 2014 5:59am
of the topic...if someone could help me i would much appreciated...

I use MT4... is there any shortcut to convert all the pairs from lets say TF1 to TF4??

thanks in advance
The good thing with the future is that it is progressively approaching...
  • #904,698
  • Jun 16, 2014 6:07am Jun 16, 2014 6:07am
got some nice longs...target 3625-40
yet need to break up 3585 first
Attached Image (click to enlarge)
Click to Enlarge Name: long.png Size: 55 KB
fokyou forexfactory
  • #904,699
  • Jun 16, 2014 7:17am Jun 16, 2014 7:17am
Quoting emmalee26
Euro shorts positions are euro long positions but the nature of them is different, leveraged euro selling werebuild and are possible the biggest danger for a upside move right now. As it fails to break 1.35 these positions could start to unwind going close to 1.36 for a jump into 1.3660. There are some possible developments that I see to break 1.35: 1. EONIA: In case it becomes negative should create enough selling pressure to test 1.35 again and possible break 2. B/E inflation: If inflation expectations are not moving higher it implies that ECB...
In other words euro shorts positions are not translating into lower prices and they being leveraged, I can only see one option left and that is they will be forced to close them.
  • #904,700
  • Jun 16, 2014 7:33am Jun 16, 2014 7:33am
Quoting DNTme
got some nice longs...target 3625-40 yet need to break up 3585 first {image}
Hi. Still holding longs?
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