EURUSD | Page 46056 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #921,101
  • Sep 2, 2014 9:01am Sep 2, 2014 9:01am
Danger! Disabled mind's thoughts!

Thoughts, why I can't see a bounce reasonable:

  1. lot of us waiting for some bounce (but the real question is 'when?' in my opinion, and not 'will there be?')
  2. more longs, than shorts (in an oversold market why should it be less while we're going deeper and deeper?)
  3. bulls are born to die since 5 months

why I can see a bounce:

  1. this down has been quite streched, without respecting some serious levels (especially some important pivot points - which some bears most important support/resistance tool - but right now it's normal, because the pivots are with the bears)
  2. the habituation of traders to this "we are always playing dirty, so watch out" can mislead retail traders...I think it would be much more shocking if we would bounce before everybody would be satisfied...all they (CB's) need is a "Breaking News" or an "oh my god datas"....
  3. Technical pattern cluster mostly finished before 1.31000
  4. Most people like to keep things simple and use round numbers, big mistake imo
  5. Bears are too confident, no respect, no fear, etc...

I can find more reason for a bounce, but maybe I can't see the wood for the trees.

Attached Image
f(z)=z2+c
  • #921,102
  • Sep 2, 2014 9:01am Sep 2, 2014 9:01am
Quoting OnlineAddict
{quote} 3127 seems to be a good resistance, moving SL to 3129, in case news are bad and we get a spike up.
Out at +6, too bullish, didn't even check the news, I guess they are green.

EDIT: Yes, green...too bad it didn't give me more pips. Anyway, if we don't break the low this hour, I will go long.
Everyone can see the chart, but only a few can actually read it.
  • #921,103
  • Sep 2, 2014 9:02am Sep 2, 2014 9:02am
Wohoo, got a short on uj @105.051
  • #921,104
  • Sep 2, 2014 9:04am Sep 2, 2014 9:04am
Quoting Passerby
Wohoo, got a short on uj @105.051
I am targeting 106.5x for UJ
  • #921,105
  • Sep 2, 2014 9:07am Sep 2, 2014 9:07am
Quoting MaxDoom
{quote} I am targeting 106.5x for UJ
Mine was @104.090 its below current price.
  • #921,106
  • Sep 2, 2014 9:07am Sep 2, 2014 9:07am
Quoting MaxDoom
{quote} I am targeting 106.5x for UJ
2008. October's open...?

Edit: sorry, high, not open
f(z)=z2+c
  • #921,107
  • Sep 2, 2014 9:09am Sep 2, 2014 9:09am
still waiting.. for direction..
the true currencies here is patience and react precisely
  • #921,108
  • Sep 2, 2014 9:11am Sep 2, 2014 9:11am
GU was unimpressed by the news, no spike whatsoever.
  • #921,109
  • Sep 2, 2014 9:18am Sep 2, 2014 9:18am
Quoting hathor
{quote} 2008. October's open...? Edit: sorry, high, not open
that is a coincidence....

I am looking at....

correction of 135.1x -> 75.5x bear
correction of 124.1x -> 75.5x bear

the confluence of these corrections provides me with this chart..... and 106.5x is the start of the second target bubble
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY-sbMonthly 2014 Sep 02.png Size: 13 KB
  • #921,110
  • Sep 2, 2014 9:23am Sep 2, 2014 9:23am
Quoting MaxDoom
{quote} that is a coincidence.... I am looking at.... correction of 135.1x -> 75.5x bear correction of 124.1x -> 75.5x bear the confluence of these corrections provides me with this chart..... {image}
A-ha! Thanks!
And double top is not an option? Has no (other?) resistance at that level?

If a bullish flag is forming on weekly, than the third top should be over 107,000, so it supports your view either...
f(z)=z2+c
  • #921,111
  • Sep 2, 2014 9:26am Sep 2, 2014 9:26am
Long 3115, SL 3103, last trade for today, if my SL gets hit, I'm out until tomorrow.
Everyone can see the chart, but only a few can actually read it.
  • #921,112
  • Sep 2, 2014 9:27am Sep 2, 2014 9:27am
Quoting hathor
{quote} A-ha! Thanks! And double top is not an option? Has no (other?) resistance at that level?
sure there will be some challenges on the way but I don't see many, and considering the fundamental picture and the likelihood of further downside on EU and dollar strength another +150 on UJ is easily do able. the double top is certainly an area of caution, but that is relative to ones entry point.
  • #921,113
  • Sep 2, 2014 9:37am Sep 2, 2014 9:37am
Quoting MaxDoom
{quote} sure there will be some challenges on the way but I don't see many, and considering the fundamental picture and the likelihood of further downside on EU and dollar strength another +150 on UJ is easily do able. the double top is certainly an area of caution, but that is relative to ones entry point.
I can see easily a pull back under ¥104,000 (even to/under 103,000), but I don't know much about Yen-pairs and their behave (and neither BOJ politics), so I'm saying this as a layman...will watch it closely, thanks for your infos.
f(z)=z2+c
  • #921,114
  • Sep 2, 2014 9:41am Sep 2, 2014 9:41am
Quoting hathor
{quote} I can see easily a pull back under ¥104,000 (even to/under 103,000), but I don't know much about Yen-pairs and their behave (and neither BOJ politics), so I'm saying this as a layman...will watch it closely, thanks for your infos.
Free wore, free forum. Anyone could say anything he/she want. I currently see weakness, and happy with my position.
  • #921,115
  • Sep 2, 2014 9:47am Sep 2, 2014 9:47am
Quoting hathor
{quote} I can see easily a pull back under ¥104,000 (even to/under 103,000), but I don't know much about Yen-pairs and their behave (and neither BOJ politics), so I'm saying this as a layman...will watch it closely, thanks for your infos.
Like this:
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.09.02. UsdJpy Daily.png Size: 42 KB
f(z)=z2+c
  • #921,116
  • Sep 2, 2014 9:48am Sep 2, 2014 9:48am
Euro Index is full bullish today

http://www.mql5.com/en/charts/2311563/eurx-h4-forex-ltd

hm.....
  • #921,117
  • Sep 2, 2014 9:49am Sep 2, 2014 9:49am
Quoting OnlineAddict
Long 3115, SL 3103, last trade for today, if my SL gets hit, I'm out until tomorrow.
SL moved below today's low, so only 6 pips. Whatever happens now is ok.
Everyone can see the chart, but only a few can actually read it.
  • #921,118
  • Sep 2, 2014 9:50am Sep 2, 2014 9:50am
Quoting timos
Euro Index is full bullish today http://www.mql5.com/en/charts/2311563/eurx-h4-forex-ltd hm.....
not yet...is it? it just looks bullish...will bullish (at least first sign) after closing over the top before in my view...and that red h4 with the smooth top looks dangerous.
f(z)=z2+c
  • #921,119
  • Sep 2, 2014 9:54am Sep 2, 2014 9:54am
Quoting hathor
{quote} not yet...is it? it just looks bullish...will bullish after closing over the top before in my view...
I agree and this explains why other usd pairs go down and euro resisted more.
  • #921,120
  • Sep 2, 2014 10:09am Sep 2, 2014 10:09am
Quoting MaxDoom
never seen this one before.... but I bet he is long, I think my monthly chart must have made him dizzy or something {image}
reminds me of a story about a asian female warrior
those who can, do. those who cant, talk about those who can
371 traders viewing now