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EURUSD

  • #905,841
  • Jun 22, 2014 10:31am Jun 22, 2014 10:31am
Quoting KillerWhale
{quote} Yes, hardly any trading profits, just $67 per day in interest on my shorts EUR/TRY.
But still enough to live a luxury life in a lot of countries.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #905,842
  • Edited 12:11pm Jun 22, 2014 12:03pm | Edited 12:11pm
EURUSD Update

Technical:

Weekly chart: Price has dropped from 1.27 extension to complete 38.2 Retracement at 1.3500, we have here bullish hammer candlestick pattern.

Daily chart: Here we could get butterfly buy around 1.3475 provided price doesn't take 1.3676 out (neckline of double top + limit retracement for this new butterfly and weekly R1 for next week. I will watch this level very carefully.

4 hours chart: Price completed 61.8 retracement and could well reach 1.618 upwards extension at around the same area as weekly R1 and levels specified.

Fundamental: In my opinion the main question is the mismatch of Fed’s promises and real action on tightening policy. Despite recent nice economic data Fed does not hurry to hint on possible rate hiking, mostly because Yellen is a follower of theory that unemployment creates additional pressure on inflation. I am not going into details but somehow this is already showing on the charts.
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We watch the charts from every angle so you don't have to!!
  • #905,843
  • Jun 22, 2014 1:21pm Jun 22, 2014 1:21pm
Quoting pedro319
EURUSD Update Technical: Weekly chart: Price has dropped from 1.27 extension to complete 38.2 Retracement at 1.3500, we have here bullish hammer candlestick pattern. Daily chart: Here we could get butterfly buy around 1.3475 provided price doesn't take 1.3676 out (neckline of double top + limit retracement for this new butterfly and weekly R1 for next week. I will watch this level very carefully. 4 hours chart: Price completed 61.8 retracement and could well reach 1.618 upwards extension at around the same area as weekly R1 and levels specified....
how to play divergence on your chart (H4)

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #905,844
  • Jun 22, 2014 1:36pm Jun 22, 2014 1:36pm
Quoting ffleo
{quote} how to play divergence on your chart (H4) {image}
To trade 4 hours chart I use 1 hour chart entries at fib levels.
What else are you looking at?
Cheers.
We watch the charts from every angle so you don't have to!!
  • #905,845
  • Jun 22, 2014 1:48pm Jun 22, 2014 1:48pm
Quoting pedro319
{quote} To trade 4 hours chart I use 1 hour chart entries at fib levels. What else are you looking at? Cheers.
I also look at weekly pivots, in addition to fib levels. I mainly play daily and weekly divergence, not much so with H4 divergence.

Here is my divergence on H4 chart

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ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #905,846
  • Jun 22, 2014 1:58pm Jun 22, 2014 1:58pm
Quoting ffleo
{quote} I also look at weekly pivots, in addition to fib levels. I mainly play daily and weekly divergence, not much so with H4 divergence. Here is my divergence on H4 chart {image}
I meant to say what else for the week are you looking at?
I am focusing on USDJPY long, AUDUSD short, GBPUSD at 1.618 ext Daily chart for short after retracement and GOLD might have a few short opportunities as well but for that I think we might go slightly higher to complete a few things.
I am going to study charts and post them here later.
We watch the charts from every angle so you don't have to!!
  • #905,847
  • Jun 22, 2014 2:05pm Jun 22, 2014 2:05pm
So I was right


http://www.forexfactory.com/news.php?do=news&id=491083 , it was a small gap but still after will recover it ( as it usually happens ) I'm expecting again a retest of 1.3550ish area and even lower this week .

Cheers and green pips to all !
  • #905,848
  • Jun 22, 2014 2:28pm Jun 22, 2014 2:28pm
Quoting MisterSpread
So I was right http://www.forexfactory.com/news.php?do=news&id=491083 , it was a small gap but still after will recover it ( as it usually happens ) I'm expecting again a retest of 1.3550ish area and even lower this week . Cheers and green pips to all !

Great expectations, remember to set SL for all entries
People are not good at acting, but very good at judgment.
  • #905,849
  • Jun 22, 2014 3:03pm Jun 22, 2014 3:03pm
Hi, what do you see this asia session.. up or down? I hope to retest 1.3570 and then up... but...
  • #905,850
  • Jun 22, 2014 3:09pm Jun 22, 2014 3:09pm
I have one short position at 1.3599 lets see where it goes. No SL and if price go against then i will add another short position. TP=1.3582 (H1-EMA200)
Love for all; Hatred for none.
  • #905,851
  • Jun 22, 2014 3:14pm Jun 22, 2014 3:14pm
Quoting Nan-ook
Hi, what do you see this asia session.. up or down? I hope to retest 1.3570 and then up... but...
have no idea now, just let it go and comeback after the first H4 candle finishes
People are not good at acting, but very good at judgment.
  • #905,852
  • Jun 22, 2014 3:16pm Jun 22, 2014 3:16pm
The dollar is about the get its ass wiped against the Euro. Buying 5.5 Lots on my $315 fxglory account
  • #905,853
  • Jun 22, 2014 3:28pm Jun 22, 2014 3:28pm
Quoting Alex romero
The dollar is about the get its ass wiped against the Euro. Buying 5.5 Lots on my $315 fxglory account
is that good or bad for the usd to get its ass wiped?
those who can, do. those who cant, talk about those who can
  • #905,854
  • Jun 22, 2014 3:29pm Jun 22, 2014 3:29pm
Quoting gatorinla
{quote} is that good or bad for the usd to get ts ass wiped?
Very bad!
  • #905,855
  • Jun 22, 2014 3:32pm Jun 22, 2014 3:32pm
Quoting Alex romero
{quote} Very bad!
noted. i always thought wiping was a good thing. some places charge extra for that
those who can, do. those who cant, talk about those who can
  • #905,856
  • Jun 22, 2014 3:35pm Jun 22, 2014 3:35pm
Quoting gatorinla
{quote} noted. i always thought wiping was a good thing. some places charge extra for that
Where I'm from (Vancouver, Canada) having a clean ass is not a good thing.
  • #905,857
  • Jun 22, 2014 3:35pm Jun 22, 2014 3:35pm
Quoting Nan-ook
Hi, what do you see this asia session.. up or down? I hope to retest 1.3570 and then up... but...
Please my little Euro, get down for 20 pips and I will be happy to add some longs..
  • #905,858
  • Jun 22, 2014 3:36pm Jun 22, 2014 3:36pm
Quoting Nan-ook
{quote} Please my little Euro, get down for 20 pips and I will be happy to add some longs..
Get long already, Its not gonna go down 20 pips.
  • #905,859
  • Jun 22, 2014 3:48pm Jun 22, 2014 3:48pm
I expect it to break 1.35625 in the next 24hrs. I'm short of course.
  • #905,860
  • Jun 22, 2014 4:12pm Jun 22, 2014 4:12pm
Quoting Alex romero
. Buying 5.5 Lots on my $315 fxglory account
Sounds very reasonable. What will happen after a downtick?
Fix up, trade sharp ...
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