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  • #916,141
  • Aug 12, 2014 4:08am Aug 12, 2014 4:08am
Lowest German ZEW Economic Sentiment in 19 months. All previous gain in EU from last Thursday is now gone.
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  1. "The decline in economic sentiment is likely connected to the ongoing geopolitical tensions that have affected the German economy by now.
  2. "Industrial production and incoming orders suggest markedly reduced investment activities on the part of German firms against the backdrop of uncertain sales prospects."
  3. http://www.zew.de/en/presse/2709

If GDP continue to disappoint tomorrow, It's very likely we will see further down in EU.

http://www.forexfactory.com/showthre...91#post7667491

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
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  • #916,142
  • Aug 12, 2014 4:09am Aug 12, 2014 4:09am
Quoting nessus94
{quote} Yes we know nothing
We can't be right all the time, but i have to admit it was a bold statement.
I don't even have a cool signature
  • #916,143
  • Aug 12, 2014 4:11am Aug 12, 2014 4:11am
Quoting Magicmen
Good Morning All, My 3372 kicked in but no much swing as expected. I moved my 2nd pending long from 3362 to 3347.
My 2nd long got executed @3347. TP=3380
  • #916,144
  • Aug 12, 2014 4:11am Aug 12, 2014 4:11am
news from Russia and this must lead Eur to 132XX
  • #916,145
  • Aug 12, 2014 4:12am Aug 12, 2014 4:12am
Quoting NoCoolNick
{quote} We can't be right all the time, but i have to admit it was a bold statement.
Now it could be the time for a long. Almost. Still on the sideline for it.
Make money by doing the opposite of Giveachance aka loser
  • #916,146
  • Aug 12, 2014 4:14am Aug 12, 2014 4:14am
Quoting nessus94
{quote} Now it could be the time for a long. Almost. Still on the sideline for it.
naaaa.. shorting more if we get 3354 soon, does not look like it though
I don't even have a cool signature
  • #916,147
  • Aug 12, 2014 4:15am Aug 12, 2014 4:15am
Quoting Magicmen
{quote} My 2nd long got executed @3347. TP=3380
3380 is very far away now?! but some profittaking until NY could get you there, seems unlikely to be honest
I don't even have a cool signature
  • #916,148
  • Aug 12, 2014 4:17am Aug 12, 2014 4:17am
Quoting NoCoolNick
{quote} naaaa.. shorting more if we get 3354 soon, does not look like it though
No one is buying so yes bears for sure.

Only FF is buying, which is a good thing for bears
Make money by doing the opposite of Giveachance aka loser
  • #916,149
  • Aug 12, 2014 4:17am Aug 12, 2014 4:17am
Quoting nessus94
{quote} Now it could be the time for a long. Almost. Still on the sideline for it.
why and how will you define your entry point?
  • #916,150
  • Aug 12, 2014 4:17am Aug 12, 2014 4:17am
Quoting Thirsty
Good Morning Genius of the Technical Analysis! Any chance of EURUSD getting 1,3266 until tomorrow? Cheers!
agreed max, but getting a bit dodgy right now, bears have their work cut out for them, looking at swissy daily she has just entered a cluster of previous wicks, pretty much guarantee some fire works in the making, whether zew was enough remains to be seen, if she clears those wicks, will be a happy camper
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  • #916,151
  • Aug 12, 2014 4:17am Aug 12, 2014 4:17am
eeeek EU looks bad… maybe bottom around here till later tho…. scalpers gotta scalp.
  • #916,152
  • Aug 12, 2014 4:19am Aug 12, 2014 4:19am
Quoting NoCoolNick
{quote} 3380 is very far away now?! but some profittaking until NY could get you there, seems unlikely to be honest
You had the right call on the 4H. 1 Short scalps done for +10 1 stupid long trying to counter the first bar after the news -3. Keeping another short scalp which could turn into a longer term if it reaches 3336
A pip is only worth it if you know how much you risked to earn it
  • #916,153
  • Aug 12, 2014 4:20am Aug 12, 2014 4:20am
be aware about LONG!!! technicaly bearish H&S in weekly chart activated and fundamentaly every thing is bad for EUR however just market intervention
can help EUR but now?!!! much lower is possible
  • #916,154
  • Aug 12, 2014 4:21am Aug 12, 2014 4:21am
Quoting MaxDoom
top down...... Monthly: In an extended correction of the 0.8225 -> 1.6038 bull run. but note how the channel is descending and the recent 1.3993 high forms a solid looking top - this alone should give people expecting 1.40+ any time in the next year serious reason to reconsider. Weekly: With reference to the monthly position it is correcting the last upswing 1.2041 -> 1.3993 and currently about 30% in. On a more near term view it could be considered that it is correcting 1.2755 -> 1.3993 in which case it is 50% in. There is a confluence...
I am buying a retrace here max. May fall as well but a retrace to 3400 isn't that bad either
  • #916,155
  • Aug 12, 2014 4:22am Aug 12, 2014 4:22am
Quoting KiwiTrada
{quote} agreed max, but getting a bit dodgy right now, bears have their work cut out for them, looking at swissy daily she has just entered a cluster of previous wicks, pretty much guarantee some fire works in the making, whether zew was enough remains to be seen, if she clears those wicks, will be a happy camper
sorry thirsty clicked wrong quote thingy, anyway, have a look at weekly eu shes actually pierced the ltl of a pretty tidy falling wedge, if chuck on a 200 and 50sma I just use for price averages, she actually in process of rolling out of the 200, fukit I will get a clean chart is easier then trying explain
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  • #916,156
  • Edited 4:40am Aug 12, 2014 4:22am | Edited 4:40am
RIP

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  • #916,157
  • Aug 12, 2014 4:22am Aug 12, 2014 4:22am
Quoting MaxDoom
{quote} why and how will you define your entry point?
Why is because it needs a retracement. Its heading for a 1000 pips move down without 100 pips of retracement. And i don't take into account the previous draghi fall and rise as retracement.

How, it will need some reversed candle on lower timeframe first, then on higher ones to see a bigger move up.

H4 chart showed a lot of reversed candles, they all were a failure. So i expect the price to rise back to test them. They are around 1,3480/90 and 1,3510/20.

It is still dangerous to buy it without big buyers
Make money by doing the opposite of Giveachance aka loser
  • #916,158
  • Aug 12, 2014 4:23am Aug 12, 2014 4:23am
Quoting NoCoolNick
{quote} Updating myself! The day turned out as suggested, nothing to add. 4H is turning on stoch creating continuation signal, so the bearish signal is on hold for now. I suspect that late us and asia will keep 4H in line giving us a new bearish indication tomorrow. 1H looks as boring as it can. Trading flat against the daily lows after a "bullish" day, again tells us that bulls cant run a show for two days yet, we will more than likely continue down, a break of the 1,3382 zone is needed. Bulls are to weak to lift this up over 3430-3444 so a scenario...
Love when it works out, as said we are looking at a small selloff today as it looks right now AND it could bring us a shortterm bounce for some 60-80 pips atleast when we hit todays bottom. Only question is where that bottom will be, i'm looking low 3300ish at best. BUT this all depends on if we find any bulls, could just as well continue straight down so be careful with the longs. Just my humble opinion.
I don't even have a cool signature
  • #916,159
  • Aug 12, 2014 4:24am Aug 12, 2014 4:24am
Quoting vlady1974
{quote} You had the right call on the 4H. 1 Short scalps done for +10 1 stupid long trying to counter the first bar after the news -3. Keeping another short scalp which could turn into a longer term if it reaches 3336
The 4H shows that the last two tops never crossed the Bollinger Band which usually means a retest of the last lows with success, if in a trend (ie. currently down).

The middle of the Bollinger is key. So shorts should have been in play off the break of 3380.
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A pip is only worth it if you know how much you risked to earn it
  • #916,160
  • Aug 12, 2014 4:24am Aug 12, 2014 4:24am
Quoting Piters
{quote} RIP https://www.youtube.com/watch?v=qM-gZintWDc#t=103
Ok max knows me well and in any case it was not redirected to you
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