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EURUSD

  • #911,861
  • Jul 22, 2014 3:55am Jul 22, 2014 3:55am
Quoting vlady1974
{quote} Are you then shorting at 520?
nope 3620-3678 area.
  • #911,862
  • Jul 22, 2014 3:57am Jul 22, 2014 3:57am
Quoting imnicetoyou
{quote} hey.. this is EUR/USD.... !
Wake up, if EURAUD is affected by strong move EURUSD will get affected to. Currency pairs do not work inside closed boxes.
  • #911,863
  • Jul 22, 2014 3:59am Jul 22, 2014 3:59am
Quoting giveachance
{quote} lows are usually defended so lets see if it is defended. if not it might slide to 3460
I doubt we will get to 3460 today or even lower than 3470. I even think we stretched the daily space today almost 60 pips with no news, so the upside looks more tempting now.

lets see if we can get some "rails" on that 4H candle
I don't even have a cool signature
  • #911,864
  • Jul 22, 2014 4:01am Jul 22, 2014 4:01am
Quoting MaxDoom
{quote} well here is a very simple retrace chart with target bubble on daily, but go look at weekly and you will get the idea there is huge room to the downside on the yen pairs. {image}
Same target here since last week actually. At moment i am scaling into shorts only on lower TFs as even if daily says down there are quite some bull signals appearing on lower TFs.
  • #911,865
  • Jul 22, 2014 4:02am Jul 22, 2014 4:02am
Quoting milam
If this hourly close below the recent low I am going for a turtle soup plus one....
Buy stop order @ 1.3495
corrected
Wherever you go, there you are.
  • #911,866
  • Jul 22, 2014 4:05am Jul 22, 2014 4:05am
Quoting giveachance
{quote} nope 3620-3678 area.
Just trying to get a perspective on the Longs to Shorts play from 3680.
Is this what you're seeing? My underlying question is that if price were to retrace but only to 3620, would you then short?

Wouldn't it be better to short now to hedge your longs since you're midpoint is effectively 3620ish?
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A pip is only worth it if you know how much you risked to earn it
  • #911,867
  • Jul 22, 2014 4:08am Jul 22, 2014 4:08am
Quoting gatorinla
{quote} sorry,, i missed this. 3607 i think is what you ask. i have been peeking on the 4h.. 3600.x then 3547 and the LL 3495 is what i still see. a close below 3494 is a good cross even though going back to 3589 is no surprise if 3547 allowed. atm the st bulls have a target of 3650. above that the 366x R is there and the um at 3677.. the micro bears want 3594... so we will see..
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  • #911,868
  • Jul 22, 2014 4:10am Jul 22, 2014 4:10am
Well i am still having hard time understanding today's bear move down the 1.3500. It didn't add up. I am not convinced till 1.3470 gets taken out.
There is no news to support the move and my take is this bear leg would be short lived.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #911,869
  • Jul 22, 2014 4:13am Jul 22, 2014 4:13am
Quoting FXSayWhat
well i am still having hard time understanding today's bear move down the 1.3500. It didn't add up. I am not convinced till 1.3470 gets taken out.
the breakout is there now, wait for the bounce.
  • #911,870
  • Jul 22, 2014 4:14am Jul 22, 2014 4:14am
Quoting FXSayWhat
well i am still having hard time understanding today's bear move down the 1.3500. It didn't add up. I am not convinced till 1.3470 gets taken out.
Today bear move was completly predictable, like i said yesterday there were no bullish signs on EUR unless you count daily bottom on EURUSD which had actually more chance of break than bounce to to supply in control . EUR dump move was expected to come from all EUR pairs that had signals of weakness, and that additionally backed by GBPUSD weakness too which both resulted (EU+GU) into USD strenght. I have been posting positive outlook on AUD and its strenght week ago, and i still stay bullish, which resulted in EURAUD strong weakness which contributed to overall EUR weakness. When you add up all pairs together EUR had to go down.
And with that said, i stay further bearish on EUR for more downside everywhere, i dont know the targets all i can see is current bottoms that have not yet been broken (ECAD) look like they will be soon. For EUR to turn upside only some heavy positive EUR news or maybe very bear USD news could shift it around, but becouse there is none in new days to come its unlikely.
  • #911,871
  • Jul 22, 2014 4:16am Jul 22, 2014 4:16am
Quoting vlady1974
{quote} Just trying to get a perspective on the Longs to Shorts play from 3680. Is this what you're seeing? My underlying question is that if price were to retrace but only to 3620, would you then short? Wouldn't it be better to short now to hedge your longs since you're midpoint is effectively 3620ish? {image}
midpoint longs is 352x area. shorts will be added above 3620 to hedge the longs or cover the positions with spread
  • #911,872
  • Jul 22, 2014 4:16am Jul 22, 2014 4:16am
Quoting MaxDoom
{quote} well here is a very simple retrace chart with target bubble on daily, but go look at weekly and you will get the idea there is huge room to the downside on the yen pairs. {image}
Thanks Max, I shall take a look. It seems there is a lot of longs on Yen atm.
A pip is only worth it if you know how much you risked to earn it
  • #911,873
  • Jul 22, 2014 4:18am Jul 22, 2014 4:18am
Quoting giveachance
{quote} midpoint longs is 352x area. shorts will be added above 3620 to hedge the longs or cover the positions with spread
Okily Dokily... I think I get your strategy.
Presumably, most of your longs are in green now. And any shorts from higher are also in green and these are just adding to your positions.
A pip is only worth it if you know how much you risked to earn it
  • #911,874
  • Jul 22, 2014 4:20am Jul 22, 2014 4:20am
Quoting Mr Hatch
{quote} the breakout is there now, wait for the bounce.
Not sure if it's a head fake yet. I am still observing the price action and 1.3470.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #911,875
  • Jul 22, 2014 4:26am Jul 22, 2014 4:26am
Quoting milam
{quote} Buy stop order @ 1.3495 corrected
long uk100 @ 6777.8.....

also thinking long crude....
Wherever you go, there you are.
  • #911,876
  • Jul 22, 2014 4:29am Jul 22, 2014 4:29am
Quoting FXSayWhat
{quote} Not sure if it's a head fake yet. I am still observing the price action and 1.3470.
in the mid-term view, the H1 close < 3495 is a good sign that 3102 is stronger than 414x at the moment. short termish, a test of the las b/o at 3589 is possible, if not likely.
  • #911,877
  • Jul 22, 2014 4:37am Jul 22, 2014 4:37am
Quoting janpec1000
{quote} Today bear move was completly predictable, like i said yesterday there were no bullish signs on EUR unless you count daily bottom on EURUSD which had actually more chance of break than bounce to to supply in control . EUR dump move was expected to come from all EUR pairs that had signals of weakness, and that additionally backed by GBPUSD weakness too which both resulted (EU+GU) into USD strenght. I have been posting positive outlook on AUD and its strenght week ago, and i still stay bullish, which resulted in EURAUD strong weakness which...
Very nice, mate. Very good.
A pip is only worth it if you know how much you risked to earn it
  • #911,878
  • Jul 22, 2014 4:40am Jul 22, 2014 4:40am
time to long i think
  • #911,879
  • Jul 22, 2014 4:53am Jul 22, 2014 4:53am
a bit confused that we are not taking off! Bulls not so strong here, hourly and 30M looking better, but are they trying to hold it down on the houly candle?

EDIT: as suspected, the hourly looking less bullish now..
I don't even have a cool signature
  • #911,880
  • Jul 22, 2014 4:55am Jul 22, 2014 4:55am
We are all looking at the same 1.3475 level - will it hold?

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