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EURUSD

  • #931,661
  • Oct 26, 2014 4:23pm Oct 26, 2014 4:23pm
Quoting harrysmithm
{quote} I relate to this... I will add.... It is difficult to make in trading because is difficult to find a system that relates to your personality and you will not find one if you do not go deeper to know a bit about yourself.... Then trading becomes boring and only making money is exciting....My two cents
trading is deadly boring, thats why I joined FF!
All posts are my personal opinion
  • #931,662
  • Oct 26, 2014 4:58pm Oct 26, 2014 4:58pm
its a optimistic start.I am optimistic too.Just not a bull yet but definitely not bearish.
have a nice sleep!
Its not an advice and sorry for grammar.
  • #931,663
  • Oct 26, 2014 5:10pm Oct 26, 2014 5:10pm
Shorted for few pips from 1.2673
The Thief of Wall Street
  • #931,664
  • Oct 26, 2014 5:12pm Oct 26, 2014 5:12pm
Grabbed a short myself at 1.2673...looking to see if it makes a quick drop to around 1.2665
  • #931,665
  • Oct 26, 2014 5:14pm Oct 26, 2014 5:14pm
Quoting schaos21
Grabbed a short myself at 1.2673...looking to see if it makes a quick drop to around 1.2665
I am planning to move sl to BE if it goes below 1.2668, after that will wait for Tokyo Close. Don't forget the daylight saving time change.
The Thief of Wall Street
  • #931,666
  • Oct 26, 2014 5:25pm Oct 26, 2014 5:25pm
Quoting Chicky
{quote} I am planning to move sl to BE if it goes below 1.2668, after that will wait for Tokyo Close. Don't forget the daylight saving time change.
Isn't that in a week?
  • #931,667
  • Oct 26, 2014 5:29pm Oct 26, 2014 5:29pm
Quoting schaos21
{quote} Isn't that in a week?
Europe is always in a hurry to make this shift. I don't know if they save more than USA on this. Here it is:
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #931,668
  • Oct 26, 2014 5:38pm Oct 26, 2014 5:38pm
Quoting Chicky
{quote} Europe is always in a hurry to make this shift. I don't know if they save more than USA on this. Here it is: {image}
Ah...good catch, Europe is a week ahead of the US.
  • #931,669
  • Oct 26, 2014 5:41pm Oct 26, 2014 5:41pm
Quoting pedro319
GBPUSD Bought at 61.8 Ret 4 hrs + daily S1, data was bad. If price breaks below then 1.5934 is the target, WS1. I will look into smaller tfs and find a setup to add more in case we get reversal candles.
GBPUSD
Had a good look at the charts and this pair seems one of the most promising at the moment on a move that could reach 1.67.
Weekly chart Hammer Pattern formed at 50% Monthly chart.
4 Hrs chart possible ABCD with destination near 1.63. Invalidation for this pattern below 1.5993
One possible place to add longs is 1.6032, that is 61.8 Ret 1 hour chart + daily S1.
Don't enter long here, wait for retracement to specified level, because if it fails (we had one that failed 2 weeks ago) it becomes unnecessary risk.
GBPNZD has similar pattern (ABCD) on daily chart and NZD pairs seem set to fall further.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD Weekly.png Size: 51 KB
Click to Enlarge Name: GBPUSD 4 HRS ABCD.png Size: 70 KB
Click to Enlarge Name: gbpusd entry.png Size: 61 KB
We watch the charts from every angle so you don't have to!!
  • #931,670
  • Oct 26, 2014 5:43pm Oct 26, 2014 5:43pm
pedro any views for EURUSD?
  • #931,671
  • Oct 26, 2014 5:53pm Oct 26, 2014 5:53pm
Quoting Kgp
pedro any views for EURUSD?
Will post them in a minute.
We watch the charts from every angle so you don't have to!!
  • #931,672
  • Edited 6:53pm Oct 26, 2014 6:30pm | Edited 6:53pm
EURUSD
Harmonic picture.
Daily chart: Possibility for harmonic BFly Sell pattern still exists until the lows at 1.2500 are taken out but usually price would complete one of these .618 (broken), .707 (current) or .786 (1.2585) before moving up. Price has bounced from .707 daily chart (last week lows) but we haven't a reversal swing yet indicating upward move on this tf. A Daily close above 1.2707 Weekly pivot or pattern on smaller tf would give a more clear indication but I don't see any yet.
In the case this is confirmed by PA this BFly Sell could complete at 1.2957 (1.27 Extension) or 1.3040 (1.618 Ext), this is usually accomplished by inner ABCD 4 hrs chart. (this is where I intend to add longs after retracement).
Until that happens there is possibility for ABCD down with target at 1.2270, invalidation is break of the highs at 1.2840.
4 hrs chart: nice looking reversal candle at support.
30 Mins chart has an ABCD with conclusion at 1.2721, invalidation below 1.2657.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Bfly daily.png Size: 161 KB
Click to Enlarge Name: eurusd abcd DAILY CHART OCT.png Size: 161 KB
Click to Enlarge Name: Eur abcd 30.png Size: 180 KB
We watch the charts from every angle so you don't have to!!
  • #931,673
  • Oct 26, 2014 7:51pm Oct 26, 2014 7:51pm
still long euro from 1.2616, once euro gets above 1.2692,

next target is 1.2745 PP & 1.2789 = 25%
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 10-26-14.png Size: 110 KB
"W. D. Gann said that time is the most important factor among all things."
  • #931,674
  • Oct 26, 2014 7:58pm Oct 26, 2014 7:58pm
so both of you (pedro+USdollar) see an upwards move way up to 1.28+ /1.29-30 ?

what about the fundamentals of this week...dont you think they are going to change the "TA trend" (i mean from upwards to downwards with no chance of getting up to 1.28+ ... at least for the forthcomming future)
  • #931,675
  • Oct 26, 2014 8:32pm Oct 26, 2014 8:32pm
Quoting Kgp
so both of you (pedro+USdollar) see an upwards move way up to 1.28+ /1.29-30 ? what about the fundamentals of this week...dont you think they are going to change the "TA trend" (i mean from upwards to downwards with no chance of getting up to 1.28+ ... at least for the forthcomming future)
could be possible, I'm just following my technical analysis.... if it tanks I'll just get stopped out and ride it south bound
"W. D. Gann said that time is the most important factor among all things."
  • #931,676
  • Oct 26, 2014 8:51pm Oct 26, 2014 8:51pm
Quoting Chicky
{quote} I am planning to move sl to BE if it goes below 1.2668, after that will wait for Tokyo Close. Don't forget the daylight saving time change.
I am stuck with this trade, but all my analysis (or anal ysis) say it should not go up until Tokyo Close. Sticking with this short for the next few hours, whatever the outcome. A system is useless if it cannot sustain such negative moves.
The Thief of Wall Street
  • #931,677
  • Oct 26, 2014 9:04pm Oct 26, 2014 9:04pm
Quoting Chicky
{quote} I am stuck with this trade, but all my analysis (or anal ysis) say it should not go up until Tokyo Close. Sticking with this short for the next few hours, whatever the outcome. A system is useless if it cannot sustain such negative moves.

i agree with you.... to be honest nothing changed since friday at least... even the ECB stress bank tests... are more or less "no news"... like they didnt happen... it was more the rumors (and the "blah blah" within them) rather then anything else ...

i believe its going to find its pace on the fridays 1.263-1.265 area session sometime soon before the german reports... which i dont believe its going to be within expectations but below for them even for a fraction of points at least...
  • #931,678
  • Oct 26, 2014 9:06pm Oct 26, 2014 9:06pm
Quoting USDollar
{quote} could be possible, I'm just following my technical analysis.... if it tanks I'll just get stopped out and ride it south bound
dont be apologetic... just trying to squeeze* any more "sentiment" information out of you after your TA ;-)


*shame on me? ;-)
  • #931,679
  • Oct 26, 2014 9:07pm Oct 26, 2014 9:07pm
Quoting Chicky
{quote} .............................. collected about 11% playing bounces in the opposite direction whenever usd/jpy hits a support....... {image}
Closed several euro long positions (bounces) on several pairs. The cushion for USD/JPY 1,000 pip short trade now stands little over 13%.

ps. Somebody tell me why should I trade long term if so good at playing bounces?
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #931,680
  • Oct 26, 2014 9:09pm Oct 26, 2014 9:09pm
lets see
Quote
http://www.forexfactory.com/news.php?do=news&id=510269

 

  1. Short AUD/USD, NZD/USD; Looking To Sell EUR/USD Bounces - BofA Merrill
    http://www.forexfactory.com/attachme...1&d=1414368135

    From efxnews.com

    http://www.forexfactory.com/resource...tory-quote.png

    Bank of America Merrill Lynch is bullish the USD and long the greenback against both the AUD and NZD. BofA is also looking to initiate a short EUR/USD position. Beginning with AUD/USD, BofA thinks that the consolidation since early Oct is drawing to a conclusion and the larger bear trend is about to resume. "We target 0.8525 ahead of 0.8415. Price action should not get above 0.8861, while a break of the Oct-09 high at 0.8900 would invalidate our bearish view and stop us out of our short," BofA projects. BofA maintains a short AUD/USD from 0.8818 targeting 0.8525. For NZD/USD, BofA is also bearish, short, ... (full story)

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