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  • #927,421
  • Oct 2, 2014 1:03am Oct 2, 2014 1:03am
Quoting MaxDoom
{quote} you need to go read my post again....
Good Morning Max,

What is your opinion about EURUSD today ??? Is it gonna pull back upto 27xx or might go down further from 26xx ??? I got short pending on 2600.

Thanks,
  • #927,422
  • Oct 2, 2014 1:07am Oct 2, 2014 1:07am
eu is testing supply now...lower TFs showing buyers.
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.png Size: 117 KB
  • #927,423
  • Oct 2, 2014 1:13am Oct 2, 2014 1:13am
looks like 26 is pulling
  • #927,424
  • Oct 2, 2014 1:35am Oct 2, 2014 1:35am
Quoting Trillion2015
{quote} Good Morning Max, What is your opinion about EURUSD today ??? Is it gonna pull back upto 27xx or might go down further from 26xx ??? I got short pending on 2600. Thanks,
it's Draghi day..... could whipsaw about in advance of meeting - not a day to get in at poor levels, clear breakouts or solid S&R entries only recommended

as for the final outcome... what can he say TLTRO not taken up as well as hoped, interest rates as low as he said they will go for now, data still pointing down,

he should give more info on the ABS which may drive price down if he is buying poor stuff.....
otherwise it will all be "everything is in line with expectations.... it is a slow process... don't judge the TLTRO by the first taking add it to December..... " etc....

the surprise will be anything else he says and depending what it is it will move the EU up/down, but overall I see EU lower still, especially if he mentions QE is in thoughts
  • #927,425
  • Oct 2, 2014 1:44am Oct 2, 2014 1:44am
Quoting gatorinla
new s 2627 add.. stop 2632
s/o this one and and other older from 2633. at 2632... also s/o uj.


i see some more north room 2695/2707 area or more. the problem i have is it may go to 2604/05 or 2611. atm it has gone as low as 2613 in a bounce to2634... the problem is once down this low. it may not be able to get back above 2627. it already closed London open slightly above. the next h is important, below 2627 and/or below 2606.. will muddy the little bull path. the low to 2613 is pretty close to 2611.. most times it would go to 2611 or 04 if bullish, its not guaranteed. 28 m left. 2643/47 and maybe so slides to 2611/04.. looks still bullish atm.. near 2647
those who can, do. those who cant, talk about those who can
  • #927,426
  • Oct 2, 2014 1:45am Oct 2, 2014 1:45am
Quoting Lucius
eu is testing supply now...lower TFs showing buyers. {image}
yep, we found buyers...15min till h1 close
  • #927,427
  • Oct 2, 2014 1:49am Oct 2, 2014 1:49am
I have a very bad feeling about this
UJ drop like hell, and Kiwi skyroket 150pips just one day..
or maybe the NFP data already leaked so they sell USD to the ground??

who knows, this is forex..
anything can happen here
Forex as Leverage
  • #927,428
  • Oct 2, 2014 1:52am Oct 2, 2014 1:52am
Quoting Chanlie
I have a very bad feeling about this UJ drop like hell, and Kiwi skyroket 150pips just one day.. or maybe the NFP data already leaked so they sell USD to the ground?? who knows, this is forex.. anything can happen here
It's very likely SL hunting.
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #927,429
  • Oct 2, 2014 1:53am Oct 2, 2014 1:53am
Quoting MickeyBlue
{quote} good call. R y In?
Yes. Still on
  • #927,430
  • Oct 2, 2014 1:55am Oct 2, 2014 1:55am
Put a vertical line between Sept -> Oct (Q3 -> Q4) and check the H4 time frame. Still think there will be no consolidation?
Textbook style would be: Oct up -> Nov indecision/doji -> Dec down
f(z)=z2+c
  • #927,431
  • Oct 2, 2014 2:04am Oct 2, 2014 2:04am
What do you guys think about placing a sell pending order at 1.2570?
  • #927,432
  • Oct 2, 2014 2:11am Oct 2, 2014 2:11am
It failed to breach 2651 and this means there is a decent chance of revisiting 2590 area.
Why sell the bottoms when you can buy the tops...
  • #927,433
  • Oct 2, 2014 2:13am Oct 2, 2014 2:13am
the close is above 2627.. i cant say for sure. most times we go back to 2611 or 04.x (close to 05)
in doing so now, is a inside intra day low. in this one some conflict will appear because bulls didn't hold 2613 to make 2611 or whatever. in this one a sneak attack of 2576 could happen to print a LL.. situation is still fluid, and speculation for the single reason of not going back to 2611 (trend dont hurt). the higher now before 2695 lowers the 257x.. any way this last close above 2627 makes it harder to do 2611 to 257x if that's a possible course w/o consolidation.
those who can, do. those who cant, talk about those who can
  • #927,434
  • Oct 2, 2014 2:13am Oct 2, 2014 2:13am
Quoting Magicmen
{quote} Yes. Still on
I see, good call, was that a retracement of the last leg up?
  • #927,435
  • Oct 2, 2014 2:23am Oct 2, 2014 2:23am
Quoting MaxDoom
{quote} it's Draghi day..... could whipsaw about in advance of meeting - not a day to get in at poor levels, clear breakouts or solid S&R entries only recommended as for the final outcome... what can he say TLTRO not taken up as well as hoped, interest rates as low as he said they will go for now, data still pointing down, he should give more info on the ABS which may drive price down if he is buying poor stuff..... otherwise it will all be "everything is in line with expectations.... it is a slow process... don't judge the TLTRO by the first taking...
More or less, today will be a combine drama of window dressing and bitching over EU fiscal reforms needed ... while a minor update on ABS and TLTRO!
"It's the Margin, Stupid."
  • #927,436
  • Oct 2, 2014 2:24am Oct 2, 2014 2:24am
Quoting gatorinla
the close is above 2627.. i cant say for sure. most times we go back to 2611 or 04.x (close to 05) in doing so now, is a inside intra day low. in this one some conflict will appear because bulls didn't hold 2613 to make 2611 or whatever. in this one a sneak attack of 2576 could happen to print a LL.. situation is still fluid, and speculation for the single reason of not going back to 2611 (trend dont hurt). the higher now before 2695 lowers the 257x.. any way this last close above 2627 makes it harder to do 2611 to 257x if that's a possible...
she is trying.. hitting 2627 atm.. will it support is the question
those who can, do. those who cant, talk about those who can
  • #927,437
  • Oct 2, 2014 2:26am Oct 2, 2014 2:26am
Quoting gatorinla
the close is above 2627.. i cant say for sure. most times we go back to 2611 or 04.x (close to 05) in doing so now, is a inside intra day low. in this one some conflict will appear because bulls didn't hold 2613 to make 2611 or whatever. in this one a sneak attack of 2576 could happen to print a LL.. situation is still fluid, and speculation for the single reason of not going back to 2611 (trend dont hurt). the higher now before 2695 lowers the 257x.. any way this last close above 2627 makes it harder to do 2611 to 257x if that's a possible course...
Problem is: I've got a shortterm target at 2695, if this one is valid:
Attached Image
Fail better.
  • #927,438
  • Oct 2, 2014 2:34am Oct 2, 2014 2:34am
Mario Draghi will announce during the day reinforcing stimulus measures, keeping the interest rate unchanged at 0.05% reference.
With these measures, the USD may continue to weaken against other currency, especially USD, taking into account the recovery of the American economy.
  • #927,439
  • Oct 2, 2014 2:38am Oct 2, 2014 2:38am
Quoting MickeyBlue
{quote} I see, good call, was that a retracement of the last leg up?
That is daily pivot. I was expecting bounce for scalping. It did. And I closed it at 2645. Another one opened at 2628.
  • #927,440
  • Oct 2, 2014 2:39am Oct 2, 2014 2:39am
Quoting OnlineAddict
{quote} H4 closes in 2 hours and your chart takes it as it is now, down at 2622...but if it closes above 2640, or even better 2646, then a new high might be next.
H4 close was indeed between 2640-46, not bad. Looks bullish now, but ECB might change it.
Everyone can see the chart, but only a few can actually read it.
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