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EURUSD

  • #932,181
  • Oct 28, 2014 6:13pm Oct 28, 2014 6:13pm
I don't know what the direction of euro will be in today's London or tomorrow's NY Session. Get mixed signals by looking at the recent data releases. But I am of the same opinion as of yesterday, that is, it may go down a little bit during this London Session and then again resume going up in the following NY Session. However, bears should be closely watching their short positions, if it starts going up at the peak London Session, less chance of it to go down during NY Session.

I shorted today's move up during NY Session on partial data release, But looking at the complete figures, I may decide to close those shorts just before Tokyo Close. Overall position still in red, but may manage to close it in green if it nears 1.2700.

ps. Please note the correction in red
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The Thief of Wall Street
  • #932,182
  • Oct 28, 2014 6:24pm Oct 28, 2014 6:24pm
Quoting Chicky
I don't know what the direction of euro will be in today's London or tomorrow's NY Session. Get mixed signals by looking at the recent data releases. But I am of the same opinion as of yesterday, that is, it may go down a little bit during this London Session and then again resume going up in the following NY Session. However, bears should be closely watching their short positions, if it starts going down at the peak London Session, less chance of it to go further down during NY Session. I shorted today's move up during NY Session on partial data...
There's room approx. 52 pips higher to 1.2789 ... 3 days of HHs & HLs still intact.
Hear the music before the song is over ...
  • #932,183
  • Oct 28, 2014 6:30pm Oct 28, 2014 6:30pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Good evening Chicky. I think you should hold on for another touch of the 1.27 level. I bring you a peace offering in the form of the Weekly Pivot point snuggled right in there at 1.2697
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  • #932,184
  • Oct 28, 2014 6:36pm Oct 28, 2014 6:36pm
Quoting GlobalMacro
{quote} There's room approx. 52 pips higher to 1.2789 ... 3 days of HHs & HLs still intact.
I am little confused, may be little more confused or probably completely lost. This confusion started with positive euro data, then negative usd data and then again positive usd data. One thing I know is that Europe wants it down and the US wants it up, but today's data does not confirm these intentions. Good opportunity for a squeeze, spike or volatile movement on the next data release. These situations sometimes violate HH and HL patterns a little. Therefore, I am sticking with the logic that Europe will try to press it down. The recent usd data provides an excuse.

http://static.fjcdn.com/pictures/Mea...84_4822236.jpg
The Thief of Wall Street
  • #932,185
  • Oct 28, 2014 6:47pm Oct 28, 2014 6:47pm
Quoting Chicky
I don't know what the direction of euro will be in today's London or tomorrow's NY Session. Get mixed signals by looking at the recent data releases. But I am of the same opinion as of yesterday, that is, it may go down a little bit during this London Session and then again resume going up in the following NY Session. However, bears should be closely watching their short positions, if it starts going up at the peak London Session, less chance of it to go down during NY Session. I shorted today's move up during NY Session on partial data release,...

i guess is what someone said about football... its a game on which two teams compete each other and at the end the germans win...

thats how i felt today with the results... didnt expect them so hard
  • #932,186
  • Oct 28, 2014 6:47pm Oct 28, 2014 6:47pm
Quoting Chicky
{quote} I am little confused, may be little more confused or probably completely lost. This confusion started with positive euro data, then negative usd data and then again positive usd data. One thing I know is that Europe wants it down and the US wants it up, but today's data does not confirm these intentions. Good opportunity for a squeeze, spike or volatile movement on the next data release. These situations sometimes violate HH and HL patterns a little. Therefore, I am sticking with the logic that Europe will try to press it down. The recent...
Nice chart. So does it mean: short vodka, short bourbon , long scotch ....

P/S
That chick's cap looks really funky ... just saying ...
Hear the music before the song is over ...
  • #932,187
  • Oct 28, 2014 6:57pm Oct 28, 2014 6:57pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Kgp
{quote} i guess is what someone said about football... its a game on which two teams compete each other and at the end the germans win... thats how i felt today with the results... didnt expect them so hard
Or the Detroit Lions??
  • #932,188
  • Oct 28, 2014 7:15pm Oct 28, 2014 7:15pm
too much analysis, hence too much confusion.
anybody here can notice anything in this chart??
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As Above, So Below
  • #932,189
  • Oct 28, 2014 7:19pm Oct 28, 2014 7:19pm
Quoting tashkent
too much analysis, hence too much confusion. anybody here can notice anything in this chart?? {image}
talking about the repeat upward pattern?
  • #932,190
  • Oct 28, 2014 7:20pm Oct 28, 2014 7:20pm
Quoting Chicky
I don't know what the direction of euro will be in today's London or tomorrow's NY Session. Get mixed signals by looking at the recent data releases. But I am of the same opinion as of yesterday, that is, it may go down a little bit during this London Session and then again resume going up in the following NY Session. However, bears should be closely watching their short positions, if it starts going up at the peak London Session, less chance of it to go down during NY Session. I shorted today's move up during NY Session on partial data release,...
Well I have to say Chicky was right (and were others) about the EURUSD last night (well I am in Australia and was watching it rock at 11pm or so my time) and yes I made a bit on it! I am not afraid (even though I am a fairly decent trader) why did you think or know it was going to take off? I mean I saw the rising trendline/demand creeping up and a possibility of runing to nearest resistance but I am keen to learn more (the more I trade the more I love hearing others ideas!). You mentioned the lack of negative news plus the possible technicals I have mentioned and perhaps a good dose of experience and Traders' gut feelings? I guess I am a PAT trader and rarely look at the news but I am beginning to wonder (although PAT is great) but news is something I need to get better at.
  • #932,191
  • Oct 28, 2014 7:30pm Oct 28, 2014 7:30pm
Quoting Kgp
{quote} talking about the repeat upward pattern?
it is there. it is what you want to see.

i see 1.2720 and 1.2752
As Above, So Below
  • #932,192
  • Oct 28, 2014 7:34pm Oct 28, 2014 7:34pm
Although it is not friday but i took fish in diner i think my long eurusd will be honered just wish i could quite my fine cigar
All have a nice day
focus while relaxed to see better
  • #932,193
  • Oct 28, 2014 7:44pm Oct 28, 2014 7:44pm
Adding more longs here...targeting yesterday's high at 2764
  • #932,194
  • Oct 28, 2014 8:05pm Oct 28, 2014 8:05pm
no news ("important" ones) until the FOMC.... does anyone believe will get back to the "track" to 1.2633 during the london and early us session?

chicky what do you believe?
  • #932,195
  • Oct 28, 2014 8:22pm Oct 28, 2014 8:22pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Strictly considering a Fundamental only point of view here.... Does anyone here see the US Dollar doing anything but firming up after tomorrows FOMC announcement?

No right or wrong answer of course I'm just trying to prepare for tomorrow.
  • #932,196
  • Oct 28, 2014 8:35pm Oct 28, 2014 8:35pm
you never know... its exactly word by word and how the markets are going to take "their word" for it...

does it sound greek to you? join the club... only extensive CB analysis can come to any conclusions as to what is going to happen tommorow
  • #932,197
  • Oct 28, 2014 8:44pm Oct 28, 2014 8:44pm
Inserted Video
"W. D. Gann said that time is the most important factor among all things."
  • #932,198
  • Oct 28, 2014 9:01pm Oct 28, 2014 9:01pm
Long @ DPP & 0.382, rejection, SL below pivot, TP near yH
Attached Image
That which does not kill us makes us stronger
  • #932,199
  • Oct 28, 2014 9:27pm Oct 28, 2014 9:27pm
Quoting USDollar
http://youtu.be/rr8E7GQ0nhg
from which site have you got this video?does he post everyday?
  • #932,200
  • Oct 28, 2014 9:38pm Oct 28, 2014 9:38pm
I'm firing up the helicopters for another round of easy money dropping on this very weak economy, the economy cannot survive without us - Janet L Yellen
Money never sleeps I can hear the dollar calling me
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