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EURUSD

  • #910,981
  • Jul 16, 2014 11:47pm Jul 16, 2014 11:47pm
Quoting Expo33
{quote} Potential reversal zone
Even better
  • #910,982
  • Jul 16, 2014 11:47pm Jul 16, 2014 11:47pm
Quoting Rockerzeus
{quote} Hi Tomspin, Is there any indicator calculates Q pivots?Thanks
Hi mate, plenty of indis up to monthly but quarter pivots I draw manually, just take last Q OHLC then punch the numbers GL
http://www.pivotpointcalculator.com/
swing it!
  • #910,983
  • Jul 17, 2014 12:05am Jul 17, 2014 12:05am
Quoting ffleo
{quote} On a daily chart, set you pivot length to 3 months. Do not use a weekly chart, since the first day of a quarter may start in the middle of a week.
Hi ffleo,

Sorry but I could not understand. Which indi are you referring to? Thanks
  • #910,984
  • Jul 17, 2014 12:07am Jul 17, 2014 12:07am
Quoting tomspin
{quote} Hi mate, plenty of indis up to monthly but quarter pivots I draw manually, just take last Q OHLC then punch the numbers GL http://www.pivotpointcalculator.com/

Thanks tomspin. I thought may be someone coded it for mt4
  • #910,985
  • Jul 17, 2014 12:16am Jul 17, 2014 12:16am
As expected, EU couldn't break 1.3520 yesterday. However, the pair couldn't strengthen towards 1.3570.
Attached Image (click to enlarge)
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  • #910,986
  • Jul 17, 2014 12:52am Jul 17, 2014 12:52am
Quoting Fx_Anil
As expected, EU couldn't break 1.3520 yesterday. However, the pair couldn't strengthen towards 1.3570. {image}
Thanks, but which conclusion do you draw from that?
  • #910,987
  • Jul 17, 2014 12:53am Jul 17, 2014 12:53am
Quoting geektrader
{quote} Thanks, but which conclusion do you draw from that?
It seems that the pair continue to become weaker and can test 1.3470 support.
  • #910,988
  • Jul 17, 2014 12:57am Jul 17, 2014 12:57am
Quoting vlady1974
Asian session could see a retrace to 1.35395 area. {image}
1.3534 was the best it could do.

added another short just under 3526
A pip is only worth it if you know how much you risked to earn it
  • #910,989
  • Jul 17, 2014 1:00am Jul 17, 2014 1:00am
Quoting Fx_Anil
{quote} It seems that the pair continue to become weaker and can test 1.3470 support.
Thank you, that´s my perspective as well.
  • #910,990
  • Jul 17, 2014 1:02am Jul 17, 2014 1:02am
Soon we could see an ABC.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Capture #754.png Size: 107 KB
  • #910,991
  • Jul 17, 2014 1:04am Jul 17, 2014 1:04am
I am concerned that there is an overwelming majority od retails long and no real signs of accumulation. This means it is unlikely to reverse. EURUSD will go higher before setting the real bottom.
Practitioner of the cryptic trading arts
  • #910,992
  • Jul 17, 2014 1:06am Jul 17, 2014 1:06am
Quoting Expo33
{quote} Potential reversal zone
Scott M Carney
Wherever you go, there you are.
  • #910,993
  • Jul 17, 2014 1:06am Jul 17, 2014 1:06am
Quoting Fx_Anil
{quote} It seems that the pair continue to become weaker and can test 1.3470 support.
I would actually like to see a move to 1.3460. That would complete more than 3/4 of the Fib Range between 1.3295 and 1.3991 based on Daily
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 429 KB
A pip is only worth it if you know how much you risked to earn it
  • #910,994
  • Jul 17, 2014 1:06am Jul 17, 2014 1:06am
Looking at the 1 W chart shows that this pair visited this area 4 time in the last 7 weeks and always bounced up. So IMHO if the bears fail this time too we might see the EUR heading north at a steady pace.

Just a personal opinion...no need to throw rocks at me.
Why sell the bottoms when you can buy the tops...
  • #910,995
  • Jul 17, 2014 1:16am Jul 17, 2014 1:16am
Quoting pedro319
{quote} USDCAD All targets reached for this trade. Price now stands at Monthly pivot + Weekly R1 + .447 Ret Daily. Our Initial plan was to catch when price turns back down, this area is suitable however we need to see price rejecting this area or the 50 % Ret slightly above. For now I am keeping 1 (Long) position at BE and will close it when I get reversal candle 4 hours or Daily or both.
USDCAD
Rejection from the 50% Ret Daily (last swing) negative divergence, on the way down we will estimate whether this was just a retracement up or a reversal by the amount price will now retrace. We might as well have a look at the weekly chart on Friday and see how does it look. For now 2 small positions down and will add bigger with acceleration.
We watch the charts from every angle so you don't have to!!
  • #910,996
  • Jul 17, 2014 1:16am Jul 17, 2014 1:16am
Let me summarize the views and opinions people here expressed about the next move of euro/usd.

This pair has shown a downward move soon after the yesterday's euro and usd data releases. It can now go up or down or remain at its current level. It is likely that it will continue downward move but it can any time take a U-turn and start either going up or remain range bound. If it goes down may cover from three and half to three hundred and fifty pips but if it goes higher same will be true for upside move. This mother _ _ _ _ _ is hanging between 1.3500 to 1.3600 for _ _ _ _ _ _' long time now. The possible patterns are H&S, HH, HL, LH, LL, Trend Line Break, Channel Break, Triangle Break, Range, Butterfly, Fruit Fly, House Fly, Bat, Camel, Headless Camel and Mouse, but possibility of Dragon or M or W cannot be ignored.

Posters also mentioned about several idies, but most here are likely to follow WTF indicator.
The Thief of Wall Street
  • #910,997
  • Jul 17, 2014 1:19am Jul 17, 2014 1:19am
Quoting Chicky
Let me summarize the views and opinions people here expressed about the next move of euro/usd. This pair has shown a downward move soon after the yesterday's euro and usd data releases. It can now go up or down or remain at its current level. It is likely that it will continue downward move but it can any time take a U-turn and start either going up or remain range bound. If it goes down may cover from three and half to three hundred and fifty pips but if it goes higher same will be true for upside move. This mother _ _ _ _ _ is hanging between...
haha.. Chicky.. I summarise for u even shorter paragraph.

EUR/USD will either goes up/down/sideway..
  • #910,998
  • Jul 17, 2014 1:24am Jul 17, 2014 1:24am
My analysis of this moves lately:
Risk-on move didn’t feed into euro strength which suggests that any short selling from the peripheral fears were already overweighed and others paired.
Nevertheless it sets a good financial environment for a eventual EUR/USD recovery.

As I see it, any weakness on the EUR/USD major will feed into cross selling (GBP AUD CAD) which is what is keeping EUR offered again in the major (cycle). So if we can break this cycle it would work for a sustained stronger euro. I believe the weakest link is no doubt EUR/GBP.

I don’t think 1.35 will break without a central-bank-tier volatility event, so as long as that doesn’t happen the close we get to 1.35 the better the buy opportunity, but even at these levels its already good to long EUR.
  • #910,999
  • Jul 17, 2014 1:24am Jul 17, 2014 1:24am
Bonjour dreamers .... (meant in a positive way)...
Wherever you go, there you are.
  • #911,000
  • Jul 17, 2014 1:24am Jul 17, 2014 1:24am
Quoting Chicky
Let me summarize the views and opinions people here expressed about the next move of euro/usd. This pair has shown a downward move soon after the yesterday's euro and usd data releases. It can now go up or down or remain at its current level. It is likely that it will continue downward move but it can any time take a U-turn and start either going up or remain range bound. If it goes down may cover from three and half to three hundred and fifty pips but if it goes higher same will be true for upside move. This mother _ _ _ _ _ is hanging between...
LOL

it's like the bus in Speed. If we're on it, some want to get off and want to go back and others want to stay on til the bus explodes. Those who are not on want to get on but do so by going under the bus, jumping into the bus or killing some passengers trying to get off the bus. But no one knows where it's going. Haha!
A pip is only worth it if you know how much you risked to earn it
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