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EURUSD

  • #942,221
  • Edited 11:04am Dec 9, 2014 10:51am | Edited 11:04am
Quoting Chanlie
Enough EU Bulls, Please be gentle {image} {image}
what makes u think its bulls? many bears closed and are waiting for 2467/ 2480/2506/2522/2539/2577/2599. the female lion charges the heard, others wait on the edges. lions dont make a kill each hunt. when they do, they gorge themselves. they dont spend all their time chasing the heard. the male sits around waiting for the spoils and makes love dozens of times a day.

they be stroking
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those who can, do. those who cant, talk about those who can
  • #942,222
  • Dec 9, 2014 10:55am Dec 9, 2014 10:55am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting gatorinla
{quote} what makes u think its bulls?
Yeah... My bull costume is beginning to itch... Can I take it off now?
  • #942,223
  • Dec 9, 2014 10:59am Dec 9, 2014 10:59am
Quoting gatorinla
{quote} what makes u think its bulls?
i'm in bear camp
closed some of my bloody short and reload it now
Forex as Leverage
  • #942,224
  • Dec 9, 2014 11:08am Dec 9, 2014 11:08am
I realized something very important today. I am NOT talented enough to handle 5~6 pairs at the same time..
Profits are not the point when I always learn things.
  • #942,225
  • Dec 9, 2014 11:10am Dec 9, 2014 11:10am
Quoting pedro319
{quote} AUDUSD Next logical destination is 0.7981 .618 Ret Monthly chart, slightly below MS3. {image}
Not a bad time to join the trend and this is valid for most pairs, the R:R is not going to get any better.
We watch the charts from every angle so you don't have to!!
  • #942,226
  • Dec 9, 2014 11:14am Dec 9, 2014 11:14am
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Click to Enlarge Name: EURUSD_H1_.gif Size: 198 KB
  • #942,227
  • Dec 9, 2014 11:40am Dec 9, 2014 11:40am
Quoting TechFx
it will probably now consolidate around 1.24xx for the remaining part of this session to make everyone who is shorting a painful journey for any retracements and to test your patience now. Lets see if today's daily candle will close above this trend line for a possible push further up. The daily candle is quite large towards this bearish trend line that has been strong and may have another Bull daily candle and this trend line may very well be a resistance line for the many daily candles to come. Will see if EU can form a bearish consolidation to...
Very interestingly, the movement seen in 10:00 am EST hour today is the same we saw last Thursday the 4th, also during NY session starting at 10:00 am EST, with a spike from 1.2380/90 into 1.2430s to a high till 1.2450s. Then it totally reversed by 12:00 pm EST back into the high 1.23xxs. Remains to be seen if it will close NY above 1.24 or not.

Only difference between last Thursday and today is that we had big news driving the movement last week with ECB statement on Thursday followed by NFP on Friday. But no such heavy hitters in the least today.
Enter Signature
  • #942,228
  • Dec 9, 2014 11:48am Dec 9, 2014 11:48am
Quoting san99
{quote} Very interestingly, the movement seen in 10:00 am EST hour today is the same we saw last Thursday the 4th, also during NY session starting at 10:00 am EST, with a spike from 1.2380/90 into 1.2430s to a high till 1.2450s. Then it totally reversed by 12:00 pm EST back into the high 1.23xxs. Remains to be seen if it will close NY above 1.24 or not. Only difference between last Thursday and today is that we had big news driving the movement last week with ECB statement on Thursday followed by NFP on Friday. But no such heavy hitters in the least...
No, we have 2: US stocks are down, and firms are taking profit as the year's end comes.

2 volatile events (note: this doesn't change the trend unless we have a indicated breach of trend)
  • #942,229
  • Dec 9, 2014 11:53am Dec 9, 2014 11:53am
Bearish divergence on H4 EURUSD.
  • #942,230
  • Dec 9, 2014 11:54am Dec 9, 2014 11:54am
Quoting Vermillion
{quote} No, we have 2: US stocks are down, and firms are taking profit as the year's end comes. 2 volatile events (note: this doesn't change the trend unless we have a indicated breach of trend)
True, US stocks down unlike last Thursday & Friday. It seemed like the E/U rise today was some sort of safe-haven reaction, ridiculously enough.
Enter Signature
  • #942,231
  • Edited 1:05pm Dec 9, 2014 12:37pm | Edited 1:05pm
Quoting TheNoob
{quote} we only tried to go S2 and fail at it...we finally go to that 2315 fibo number. MFI isn't joking when it is at 20 on monday...The sell logic is slowly ending. {image} {image}
OK all, today we made a new top spike and Parking at R3...We will probably parking at 2340-2420 before 5)...the 3) was for today...only a few smalls news will be published tomorrow...so i don't expect big move...2340-60 stay the most possible scenario...
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  • #942,232
  • Dec 9, 2014 12:37pm Dec 9, 2014 12:37pm
Quoting OnlineAddict
{quote} Out +100. Now short 2428.
Out +40, lets see what asians bring...might reload shorts above 2400 again.
Everyone can see the chart, but only a few can actually read it.
  • #942,233
  • Dec 9, 2014 12:51pm Dec 9, 2014 12:51pm
Quoting gatorinla
uj had a nutkick.. its either going ro remain bullish or drop to 114xx it looks like atm.. many times that second drop would wait at 119.88/89 till about 121.84...w/o a hh ..some other R at 120.39 ish.. bears usually wait for 119.88.. atm level 119.05 with low at 117.93.. S at 118.41 and 116.44
Y...UJ has very strange buy logic with that Scaring spike...let's see if S3 will hold at 5)...
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  • #942,234
  • Dec 9, 2014 1:25pm Dec 9, 2014 1:25pm
Quoting TheNoob
{quote} Y...UJ has very strange buy logic with that Scaring spike...let's see if S3 will hold at 5)... {image}
Two factors behind the fall of the dollar.

Biggest reason: Bad Tuesday performance for U.S. stocks

Second reason: We're approaching end of the year, institutions tend to cash in their profits, and markets always liked to be a bit volatile on days approaching holiday. Still bullish USD/JPY for this weekly case by case so long as the GBP/JPY holds above 185

Note: there is a key support for USD/JPY, but I'm using the GBP/JPY support because I don't know the former, and the two currency pairs are directly related in prices right now from the U.S. stock performance. If the USD/JPY falls, you can bet the GBP/JPY will follow in the exact same fashion. And vice versa.
  • #942,235
  • Dec 9, 2014 1:29pm Dec 9, 2014 1:29pm
IF the U.S. stocks perform better tomorrow, we'll VERY likely see the EUR/USD fall in price as investors rush in to get decent prices to short the pair seeing as how the previous stimulus (bad U.S.stock performance) for the bullish correction had been invalidated.

If not, then we might retest 1.2450 again.

Honestly though, I simply refuse to go bullish on the EUR/USD unless there's key events driving it, or we hit a new low. But I will never simply go long in between news.

The Euro's temporary reprieve/final nail in the coffin will likely be centered around the results of its loan programs to Europe, like the LTRO (long term refinancing operation).

Long story short, the European Central Bank is banking (pun intended) on the results of these programs to help out the Euro from going into deflation; if the results aren't what they wanted, then the ECB probably initiate QE, since the only other choice is outright deflation.

And we all know what happens when we get QE. Short the pair like hell.
  • #942,236
  • Dec 9, 2014 1:32pm Dec 9, 2014 1:32pm
Quoting Vermillion
{quote} Two factors behind the fall of the dollar. Biggest reason: Bad Tuesday performance for U.S. stocks Second reason: We're approaching end of the year, institutions tend to cash in their profits, and markets always liked to be a bit volatile on days approaching holiday. Still bullish USD/JPY for this weekly case by case so long as the GBP/JPY holds above 185 Note: there is a key support for USD/JPY, but I'm using the GBP/JPY support because I don't know the former, and the two currency pairs are directly related in prices right now from the...
techs want uj much lower.
those who can, do. those who cant, talk about those who can
  • #942,237
  • Dec 9, 2014 1:35pm Dec 9, 2014 1:35pm
Quoting gatorinla
{quote} techs want uj much lower.
Lower? Like what, 117? 115? i'm a bit worried about this correction myself, so I'm curious: where o you see it going down to by technicals, and why?
  • #942,238
  • Dec 9, 2014 1:36pm Dec 9, 2014 1:36pm
anyone seeing Greece leave the euro?
those who can, do. those who cant, talk about those who can
  • #942,239
  • Dec 9, 2014 1:40pm Dec 9, 2014 1:40pm
Quoting Vermillion
{quote} Lower? Like what, 117? 115? i'm a bit worried about this correction myself, so I'm curious: where o you see it going down to by technicals, and why?
a normal retrace was 118.41/135.19. before 68.09.. after 118.41.. tech wise, it was time to be cautious. 68.09 is unlikely, but the will to attempt is built in the pair. just like 2480 eu is now, it has a tendency to at least try. and most times makes it.
those who can, do. those who cant, talk about those who can
  • #942,240
  • Dec 9, 2014 1:41pm Dec 9, 2014 1:41pm
Quoting gatorinla
anyone seeing Greece leave the euro?
Nope cant never happen with corrupt politics inside of country. Plus if they would have want to leave they better would have done before IMF started to loot their country. Now damage has been done, thogh its not yet too late to stop if going further.
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