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  • #912,221
  • Jul 23, 2014 7:48am Jul 23, 2014 7:48am
Quoting gatorinla
{quote} i am not a euro bull.. i am a bear.. going to 363s or 373x is what bears like to do before lower. i am not "all in on the bounce". bulls had a chance to do the homework and get a better position lower. near 3451 i may have a normal long position, and close shorts.. we dont have to retrace, we just do most times. i am not recommending anything since some dont respect MM..
above not looking so good atm. just sticking to the plan for r/r. i have had chances to close green a few times.

gbp/aud has hit some support 1.8010 ish,, i may look for a counter long 1.7972 ish on a tight leash.
those who can, do. those who cant, talk about those who can
  • #912,222
  • Jul 23, 2014 7:55am Jul 23, 2014 7:55am
Quoting pedro319
{quote} My extension was touched this morning.
I think you talking about different FE. His FE is 1.3699x-1.3575x-1.3649x
  • #912,223
  • Jul 23, 2014 7:56am Jul 23, 2014 7:56am
Still a possibility this will go north..

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  • #912,224
  • Jul 23, 2014 7:58am Jul 23, 2014 7:58am
premature atm, eg may have a bounce developing off um
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those who can, do. those who cant, talk about those who can
  • #912,225
  • Jul 23, 2014 8:01am Jul 23, 2014 8:01am
Quoting vlady1974
{quote} 3480 has not been breached, with failures at 3470. Asian session high was 3470. Why would Asian big traders position long trades on a spike high? Frankie session also took price to the Asian high which is a short position move, imho. And London open, whilst initially going lower, seems to have brought in further agreed sales 3470. I see further buying demand down to 1.33 and possibly 1.32 at a stretch.
thanks for ur reply.. i kinda understand it now..
so, basically, people want to take it lower to enter a better long position, right?
Dont trade like me..
  • #912,226
  • Jul 23, 2014 8:01am Jul 23, 2014 8:01am
..I spoke too soon.
  • #912,227
  • Jul 23, 2014 8:02am Jul 23, 2014 8:02am
Quoting gatorinla
{quote} above not looking so good atm. just sticking to the plan for r/r. i have had chances to close green a few times. gbp/aud has hit some support 1.8010 ish,, i may look for a counter long 1.7972 ish on a tight leash.
Hi Gator,

Could be. AU fits nicely. GU I assume you have but not as well, too many and poor structure but has been respecting.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #912,228
  • Jul 23, 2014 8:03am Jul 23, 2014 8:03am
The NY session is totally worthless.................kinda like The US dollar!
  • #912,229
  • Jul 23, 2014 8:04am Jul 23, 2014 8:04am
later, fish to clean
those who can, do. those who cant, talk about those who can
  • #912,230
  • Jul 23, 2014 8:07am Jul 23, 2014 8:07am
IF !!! we break below 3460 now we will very likely se 3448 very soon. Void if 3473 is taken out. Wish they could just make up their minds..
I don't even have a cool signature
  • #912,231
  • Jul 23, 2014 8:29am Jul 23, 2014 8:29am
Attached Image (click to enlarge)
Click to Enlarge Name: euw-1024x496.png Size: 52 KB


On the weekly chart, we can see price has a confluence of an upward trend line and support area.
The weekly candle is not closed yet thus we could still see a potential hammer forming.

Attached Image (click to enlarge)
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On the daily chart, those who went long would have cut their losses when price took out the lows at 1.3470 area.
Would price break through this area or reverse from it would depends on German Flash Manufacturing PMI tomorrow.
Whether you can or you can't, you are both right.
  • #912,232
  • Jul 23, 2014 8:42am Jul 23, 2014 8:42am
All EUR/XXX crosses are at historical support such as EURJPY, EURAUD, EURCAD, et al ......

Unless all the above break historical support, EURUSD 1.3450 is a tough one.

Just personal opinion not trade suggestion.

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  • #912,233
  • Jul 23, 2014 8:42am Jul 23, 2014 8:42am
where the eu/doller go i have washed my three days profit following it
  • #912,234
  • Jul 23, 2014 8:58am Jul 23, 2014 8:58am
Quoting fartist
{image} On the weekly chart, we can see price has a confluence of an upward trend line and support area. The weekly candle is not closed yet thus we could still see a potential hammer forming. .
I'm playing this card, think we need to retest the break of the trendline, as it in fact is a pretty long and important trendline. So im targeting the 3540 area..
I don't even have a cool signature
  • #912,235
  • Edited 10:09am Jul 23, 2014 9:00am | Edited 10:09am
Wave count shows EURUSD going higher on the short term only in consolidation. In EW terms, it's retracing on a wave c of iv most probably in an ending diagonal. Waiting re-entry on a higher sell when wave iv completes and resume trend.
Overall trend is still down being within wave (iii) of iii (white) of an impulse wave down.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #912,236
  • Jul 23, 2014 9:06am Jul 23, 2014 9:06am
Consumer confidence worse than expected and it goes up
  • #912,237
  • Jul 23, 2014 9:11am Jul 23, 2014 9:11am
Quoting duderoo1
Consumer confidence worse than expected and it goes up
Not so importatnt news ,o)
  • #912,238
  • Jul 23, 2014 9:14am Jul 23, 2014 9:14am
Quoting duderoo1
Consumer confidence worse than expected and it goes up
Because USD is weak at this moment. See GBP/USD last hour and probably other pairs with USD.

EUR now copy this movement..
  • #912,239
  • Jul 23, 2014 9:17am Jul 23, 2014 9:17am
This won't go up, until all retail is long. Would be interresting to see where most people have their SLs, because it looks like they will be hit before it goes up.
Everyone can see the chart, but only a few can actually read it.
  • #912,240
  • Jul 23, 2014 9:18am Jul 23, 2014 9:18am
FX market volatility is really total shit these days, so much better off in stocks/stock indices and commodities
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