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EURUSD

  • #918,481
  • Aug 21, 2014 9:30pm Aug 21, 2014 9:30pm
Quoting Ken A
{quote} Short is looking good ...... Touched yesterday's high to the dot .....
i missed the cut
those who can, do. those who cant, talk about those who can
  • #918,482
  • Aug 21, 2014 10:00pm Aug 21, 2014 10:00pm
Quoting Ken A
{quote} Personal observation following chain of events .......... I don't read opinionated articles but trust my own right or wrong is my own ....... Hey never take my posts seriously as it's just personal opinion and it doesn't move the market ....
Thank you for your answer.
  • #918,483
  • Aug 21, 2014 10:02pm Aug 21, 2014 10:02pm
The EUR/USD formed a positive day reversal while waiting for Yellen’s comment but not only, because also Draghi could support some volatility today! Only a daily closing tonight above 1,3290 will support a s/t bottom. The indicators of the daily chart are still well negative but recovering while those of the s/t charts are showing a mixed picture this morning suggesting some consolidation/ correction. While above 1,3270 on an hourly closing we expect a 1,33 overshooting with the 200 hours line at 1,3343 the possible attraction. Already an hourly closing above 1,3285 at 7.00 CET will support an extension of the move up. We’re still long (1.3248 sm) since yesterday and put now a stop just in case a 1,3235 while waiting for a 1,3330 overshooting.
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  • #918,484
  • Aug 21, 2014 10:12pm Aug 21, 2014 10:12pm
Quoting Tint
The EUR/USD formed a positive day reversal while waiting for Yellen’s comment but not only, because also Draghi could support some volatility today! Only a daily closing tonight above 1,3290 will support a s/t bottom. The indicators of the daily chart are still well negative but recovering while those of the s/t charts are showing a mixed picture this morning suggesting some consolidation/ correction. While above 1,3270 on an hourly closing we expect a 1,33 overshooting with the 200 hours line at 1,3343 the possible attraction. Already an hourly...

I totally agree with you.
Like I gave you all heads up for eur/usd going up, the pair is going up since then!
Just be careful for short now. It might eat your profits all out that you made from short for past few days.

Good luck to you all!
  • #918,485
  • Aug 21, 2014 10:19pm Aug 21, 2014 10:19pm
Trading with M5 chart with Rainbow, still upward heading. Let's see when it will start to come down again then I have to prepare to get out.
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  • #918,486
  • Aug 21, 2014 10:27pm Aug 21, 2014 10:27pm
Quoting SukkimLama
Trading with M5 chart with Rainbow, still upward heading. Let's see when it will start to come down again then I have to prepare to get out. {image}


It just reversed the trend to going up so I would rather look at 1 hr chart than M5 to make a judge to keep it upward or no, but it is your call at the end, always!

Good luck to you!
  • #918,487
  • Aug 21, 2014 10:36pm Aug 21, 2014 10:36pm
Quoting wellforex
{quote} It just reversed the trend to going up so I would rather look at 1 hr chart than M5 to make a judge to keep it upward or no, but it is your call at the end, always! Good luck to you!
Yes, based on hourly current entry is with corrective move.
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  • #918,488
  • Aug 21, 2014 10:37pm Aug 21, 2014 10:37pm
Quoting MrNow
{quote} Thank you for your answer.
Maybe this one? A three dimensional approach to forex trading.
  • #918,489
  • Aug 21, 2014 10:49pm Aug 21, 2014 10:49pm
Quoting SukkimLama
{quote} Yes, based on hourly current entry is with corrective move. {image}
You see Monthly to place a Weekly trade, Weekly to trade on Daily Time Frame, Daily for an hourly trade ............................... below that, I just close my eyes and take the trade.
The Thief of Wall Street
  • #918,490
  • Aug 21, 2014 10:55pm Aug 21, 2014 10:55pm
Quoting Chicky
{quote} You see Monthly to place a Weekly trade, Weekly to trade on Daily Time Frame, Daily for an hourly trade ............................... below that, I just close my eyes and take the trade.
Judging by what you just said, shorting would be the way to go for the next trading days.
Why sell the bottoms when you can buy the tops...
  • #918,491
  • Aug 21, 2014 10:59pm Aug 21, 2014 10:59pm
Quoting SukkimLama
Trading with M5 chart with Rainbow, still upward heading. Let's see when it will start to come down again then I have to prepare to get out. {image}
mine is dead, 12hrs of east then dead
If you are new to Forex? Say Goodbye to your account!!
  • #918,492
  • Aug 21, 2014 11:03pm Aug 21, 2014 11:03pm
Quoting KiwiTrada
{quote} mine is dead, 12hrs of east then dead

It is bad since it is claiming up and breaking resistance levels one by one.
Just don't forget to jump in the train if any chance is given until it is too late to get in the train to north

good luck to you!
  • #918,493
  • Aug 21, 2014 11:04pm Aug 21, 2014 11:04pm
Quoting JustAndy
{quote} Judging by what you just said, shorting would be the way to go for the next trading days.
The right level to short EURUSD would be just below 1.3500 (at/near 1.3480). 1.3240/45 is good level to show an upward bounce. So far it has showed a weak bounce, but it can get stronger.

This is what I posted somewhere else about 2 weeks ago.

1. Eur/usd short at 1.3479 for 40 pips

2. Eur/usd Long at 1.3241 for 40 pips

3. Gbp/usd Long at 1.6494 for 40 pips
The Thief of Wall Street
  • #918,494
  • Aug 21, 2014 11:04pm Aug 21, 2014 11:04pm
Quoting Chicky
{quote} You see Monthly to place a Weekly trade, Weekly to trade on Daily Time Frame, Daily for an hourly trade ............................... below that, I just close my eyes and take the trade.
Sure, Thanks!
  • #918,495
  • Aug 21, 2014 11:06pm Aug 21, 2014 11:06pm
Quoting Chicky
{quote} The right level to short EURUSD would be just below 1.3500 (at/near 1.3480). 1.3240/45 is good level to show an upward bounce. So far it has showed a weak bounce, but it can get stronger. This is what I posted somewhere else about 2 weeks ago. 1. Eur/usd short at 1.3479 for 40 pips 2. Eur/usd Long at 1.3241 for 40 pips 3. Gbp/usd Long at 1.6494 for 40 pips
Is there specific reason for 40pips target?
  • #918,496
  • Aug 21, 2014 11:08pm Aug 21, 2014 11:08pm
Quoting Chicky
{quote} You see Monthly to place a Weekly trade, Weekly to trade on Daily Time Frame, Daily for an hourly trade ............................... below that, I just close my eyes and take the trade.
LOL can not agree more
  • #918,497
  • Aug 21, 2014 11:08pm Aug 21, 2014 11:08pm
Quoting SukkimLama
{quote} Is there specific reason for 40pips target?
Yes. Because it is less than 50.
The Thief of Wall Street
  • #918,498
  • Aug 21, 2014 11:09pm Aug 21, 2014 11:09pm
Quoting SukkimLama
{quote} Is there specific reason for 40pips target?
i think maybe he is very short term oriented
  • #918,499
  • Aug 21, 2014 11:11pm Aug 21, 2014 11:11pm
Quoting wellforex
{quote} It is bad since it is claiming up and breaking resistance levels one by one. Just don't forget to jump in the train if any chance is given until it is too late to get in the train to north good luck to you!
mm au monthly it has been a bull train since 2001 right now she is deciding if this is a pullback or something bigger zoomed right in last month was bear yes, but th 5 months prior were bull, personally I see a lot more down and i am meaning a lot, key is as always when to add
If you are new to Forex? Say Goodbye to your account!!
  • #918,500
  • Aug 21, 2014 11:12pm Aug 21, 2014 11:12pm
Quoting Chicky
{quote} Yes. Because it is less than 50.
Is it based on daily average move?
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