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EURUSD

  • #939,681
  • Nov 30, 2014 12:03pm Nov 30, 2014 12:03pm
Quoting RomanBubenik
{quote} how do you know what will be a gap? and which way it will be? explain me please, im newguy
Be prepared to see some Gap Pictures
A good trader follows his rules, but great trader knows when to break them
  • #939,682
  • Nov 30, 2014 12:07pm Nov 30, 2014 12:07pm
Quoting 3Davy
Nothing more to say. Europe needs a weaker euro as an urgent Christmas present for boosting inflation and exports and Draghi certainly knows how to deliver. End off story.
?
The Thief of Wall Street
  • #939,683
  • Nov 30, 2014 12:11pm Nov 30, 2014 12:11pm
Quoting razldazl
Check xe.com...
Checked. Now what?
The Thief of Wall Street
  • #939,684
  • Nov 30, 2014 12:14pm Nov 30, 2014 12:14pm
anyone trading any CHF pairs.. swiss rejected ref proposal... Gold heading to $1100-$980?... Oil hitting the $6x range!!
  • #939,685
  • Nov 30, 2014 12:17pm Nov 30, 2014 12:17pm
So we are sitting at 2471, we closed Friday at ...51? Gap is 20 pips, if you trade the gap...
Never say never.
  • #939,686
  • Edited 12:42pm Nov 30, 2014 12:29pm | Edited 12:42pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 181 KB


The gap up today is not being confirmed by on balance volume. Could be stop hunting on thin volume. Reversal at end of day Friday was low volume. Will look for signs of price rejection and go short if they appear. We're bumping the upper trend line now.
  • #939,687
  • Nov 30, 2014 1:08pm Nov 30, 2014 1:08pm
Quoting ill_be_back
{quote} Be prepared to see some Gap Pictures

I hope they will be nice ...
Fix up, trade sharp ...
  • #939,688
  • Nov 30, 2014 1:08pm Nov 30, 2014 1:08pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Pmd1963
{image} The gap up today is not being confirmed by on balance volume. Could be stop hunting on thin volume. Reversal at end of day Friday was low volume. Will look for signs of price rejection and go short if they appear. We're bumping the upper trend line now.
Careful with on balance 'volume' readings as they are simply a mathematical algorithm. This makes it nothing more than any other indicator, which are all simply different representations of the price that's printing on your chart.

There's no 'real' volume metrics in the FX market as there is no central exchange like equity markets have.
  • #939,689
  • Nov 30, 2014 1:14pm Nov 30, 2014 1:14pm
Quoting 21vs7
{quote} I killed some on the way back. Not optimal. Was heading towards 8300 but couldnt make it. Retraced strong so half off on the way back.Yes AU seems to like the low atm
Looking at the current price, my remaining AU and EA will be kicked out with few pip losses. GA is still save.

AU down -.44% atm

EA +.58%
  • #939,690
  • Nov 30, 2014 1:20pm Nov 30, 2014 1:20pm
Quoting Ken A
{quote} Looking at the current price, my remaining AU and EA will be kicked out with few pip losses. GA is still save. AU down -.44% atm EA +.58%
GA also fooked. opens around entry. seems red

have some orders on EA a bit lower 4715. waiting for the open

edit:canadian right at 4260
4190-4220 was a nice zone

edit. hear ya later mate-europa
  • #939,691
  • Nov 30, 2014 1:21pm Nov 30, 2014 1:21pm
Quoting eggs
{quote} Careful with on balance 'volume' readings as they are simply a mathematical algorithm. This makes it nothing more than any other indicator, which are all simply different representations of the price that's printing on your chart. There's no 'real' volume metrics in the FX market as there is no central exchange like equity markets have.
Agree, but I do find it helpful -- I like transaction volume better, and I think they use transaction volume as a surrogate for OBV for the indicator in the Forex market, but still call it OBV. It's not a perfect correlation, but it is around 85-90% correlated with true volume.

I think the EUR/USD is up partially as a result of buying in EUR/CHF and selling in USD/CHF as a result of the failure of the gold referendum.

There is a risk later in the week that investors will be disappointed with weak ECB action due to resistance by Germany to sovereign bond purchases, and that could result in a move up in EUR/USD, so if I go short it will be only for a day or less, and stops will be tight, just above upper trendline.
  • #939,692
  • Nov 30, 2014 1:28pm Nov 30, 2014 1:28pm
Quoting 21vs7
{quote} GA also fooked. opens around entry. seems red have some orders on EA a bit lower 4715. waiting for the open
If EURAUD open 1.4730 you will gain 15 pips assuming spread is 0 but this is never the case for crosses
  • #939,693
  • Nov 30, 2014 2:21pm Nov 30, 2014 2:21pm
will take a crack at some shorts at 2481, risk 2491, try for 2421...night all
Look Sharp/Trade Tight
  • #939,694
  • Nov 30, 2014 2:43pm Nov 30, 2014 2:43pm
Quoting poseikwame
anyone trading any CHF pairs.. swiss rejected ref proposal... Gold heading to $1100-$980?... Oil hitting the $6x range!!
to bad for putin.. he has to make a diversion, to get the peasants behind him.. who will he chose as the scapegoat? give it some time
those who can, do. those who cant, talk about those who can
  • #939,695
  • Nov 30, 2014 2:46pm Nov 30, 2014 2:46pm
EURUSD
Harmonic view
I am looking at 2 possibilities based on last lows H4 like I said on Friday.
This low is a .618 Ret from last swing up thought to be a corrective move according to my trading plan, if this low holds it doesn't look like that same swing was retracement anymore or at least the move is not finished yet, if it breaks down then old targets apply.
First chart is ABCD with target at 1.26, natural resistance and 1.618 Extension H4.
Second chart shows 2 harmonic swings H4 that could be completed if scenario in chart one is valid.
Third chart same timeframe but with ABCD down in case of breakout, like I said before I see .618 and .786 as the last hope for reversal in most moves.
This month we have both MPP and WPP quite close and that will give me a hint where market is going first along with the rest of the analysis.
All details for older targets can be found here: http://www.forexfactory.com/showthre...33#post7858033
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 133 KB
Click to Enlarge Name: EURH4 HARMONIC SWINGS.png Size: 181 KB
Click to Enlarge Name: EUR ABCD DOWN.png Size: 179 KB
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  • #939,696
  • Nov 30, 2014 2:47pm Nov 30, 2014 2:47pm
Quoting PayTheLimit
will take a crack at some shorts at 2481, risk 2491, try for 2421...night all
hopefully 2459 is enough (or 2468). to challenge 2367 and maybe a LL of 2336 or more
those who can, do. those who cant, talk about those who can
  • #939,697
  • Nov 30, 2014 3:53pm Nov 30, 2014 3:53pm
aud doing as expected. ea 500 pips up..aj lower, au lower low
those who can, do. those who cant, talk about those who can
  • #939,698
  • Nov 30, 2014 4:03pm Nov 30, 2014 4:03pm
Quoting gatorinla
aud doing as expected. ea 500 pips up..aj lower, au lower low
EA has gone up quicker than expected.

I would expect a dip again to 1.4550 area. Gap needs to be closed too.
Intraday only.
  • #939,699
  • Nov 30, 2014 4:27pm Nov 30, 2014 4:27pm
Quoting gatorinla
{quote} to bad for putin.. he has to make a diversion, to get the peasants behind him.. who will he chose as the scapegoat? give it some time
Won't do much for Americas shale industry either
  • #939,700
  • Nov 30, 2014 4:32pm Nov 30, 2014 4:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-admiral-markets-as.png Size: 36 KB
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