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EURUSD

  • #944,181
  • Dec 16, 2014 12:19pm Dec 16, 2014 12:19pm
Quoting GlobalMacro
{quote} draw the trend line from the high of dec 11 - 12am (GMT) which comes in at 1.2495 to today's high at 1.2569
Please show us your chart with that TL starting point.
dec 11 - 12am (GMT) = 1.24670

Basic rule to draw a TL should be at least two rejection before proving current high rejected by TL
You cannot learn better without losing
  • #944,182
  • Dec 16, 2014 12:46pm Dec 16, 2014 12:46pm
Quoting forexings
{quote} Please show us your chart with that TL starting point. dec 11 - 12am (GMT) = 1.24670 Basic rule to draw a TL should be at least two rejection before proving current high rejected by TL
Yup , that's the rule to establish a trend line and trade off of , but that's not the point of this exercise here.

I drew that line to delineate the scope of the current move (1.2570-74) at which point it will become a proper trend line ... same story to the down side ... (1.2480 , 12460) ...
Attached Image (click to enlarge)
Click to Enlarge Name: 1EU.png Size: 8 KB
Hear the music before the song is over ...
  • #944,183
  • Edited 1:11pm Dec 16, 2014 1:00pm | Edited 1:11pm
Quoting gatorinla
{quote} i will be selling/ looking in the blue. as per "my plan talked about the last few weeks" bulls have something here for 36xx.. it should be known about.. sticking with the closes personally and selling spikes. in the bullish scenario 2346/51 may be needed. being bearish i dont want that retrace. i want it to go to 2480 and drop and a talking pony {image}
1 have 1 empty seat left (2595).. w/o anything unexpected crazy from yellen. i do worry that she may have slowed the raise with the oil drop. since inflation is a less worry. on the other hand, later the ebc can cut with less inflation worries. the problem is the fed is first. still short below 2599 with 2125 as a target.

ea + 1000 today

http://www.forexfactory.com/attachme...1&d=1418245279
those who can, do. those who cant, talk about those who can
  • #944,184
  • Dec 16, 2014 1:04pm Dec 16, 2014 1:04pm
Quoting forexings
{quote} Please show us your chart with that TL starting point. dec 11 - 12am (GMT) = 1.24670 Basic rule to draw a TL should be at least two rejection before proving current high rejected by TL
This chart of the dollar index gives you a classic view of established trend lines.

TL comes in @ 87.59 , price came as low as 87.63 today before trading back up to where it's now @ 88.03 .

89.40 was the rejection point prior to the drop.
Attached Image (click to enlarge)
Click to Enlarge Name: 1DX.png Size: 8 KB
Hear the music before the song is over ...
  • #944,185
  • Dec 16, 2014 1:21pm Dec 16, 2014 1:21pm
Long 2490.
Everyone can see the chart, but only a few can actually read it.
  • #944,186
  • Dec 16, 2014 1:24pm Dec 16, 2014 1:24pm
Quoting OnlineAddict
Long 2490.
I think may see 1.2338........and thats a good place to long from......
  • #944,187
  • Dec 16, 2014 1:33pm Dec 16, 2014 1:33pm
Quoting OnlineAddict
Long 2490.
fot what tp? just scalp few pips?
  • #944,188
  • Dec 16, 2014 1:39pm Dec 16, 2014 1:39pm
Quoting RomanBubenik
{quote} fot what tp? just scalp few pips?
Into asian session...for 20-40 pips...maybe more.
Everyone can see the chart, but only a few can actually read it.
  • #944,189
  • Dec 16, 2014 1:40pm Dec 16, 2014 1:40pm
Quoting cspip
{quote} I think may see 1.2338........and thats a good place to long from......
I think we may see both 2280 and 2620...the question is which will come sooner.
Everyone can see the chart, but only a few can actually read it.
  • #944,190
  • Dec 16, 2014 1:44pm Dec 16, 2014 1:44pm
below 1.2484 is only 1.2460 ... after that things could get fast and furious ...
Hear the music before the song is over ...
  • #944,191
  • Dec 16, 2014 1:47pm Dec 16, 2014 1:47pm
Quoting gatorinla
{quote} 1 have 1 empty seat left (2595).. w/o anything unexpected crazy from yellen. i do worry that she may have slowed the raise with the oil drop. since inflation is a less worry. on the other hand, later the ebc can cut with less inflation worries. the problem is the fed is first. still short below 2599 with 2125 as a target. ea + 1000 today {image}
You are the man! im shorting as well
  • #944,192
  • Dec 16, 2014 1:54pm Dec 16, 2014 1:54pm
On the daily a pin is being carved out,
confirmation of which will expose the broken TL @ 1.2365 to a retest.

Also dollar index bounced off its TL today which lends this scenario further support,
barring FOMC screwing the whole entire thing up ...
Attached Image (click to enlarge)
Click to Enlarge Name: 1EU.png Size: 10 KB
Hear the music before the song is over ...
  • #944,193
  • Dec 16, 2014 2:01pm Dec 16, 2014 2:01pm
Obama talking about more sanctions...
  • #944,194
  • Dec 16, 2014 2:25pm Dec 16, 2014 2:25pm
Quoting Pharm0r
Obama talking about more sanctions...
No talk it has been already passed by congress. List:
https://www.congress.gov/bill/113th-...nate-bill/2828

Now important one is "banking transactions" for all foreign persons. Does this translate as Swift ban for all outside Russian transactions? Could be.
  • #944,195
  • Dec 16, 2014 2:47pm Dec 16, 2014 2:47pm
Quoting zack.trader
{quote} Yeah. I'm a new trader only started out a few months ago so yeah....learn from your losses they say apparently. I'm just glad its $2000 drawdown and not $10k.
next time you got $2000 to spare lemme know I'll gladly take the opposite side of the trade

for $10k ... hey pffff ... will make it easier ...

just kidding
Hear the music before the song is over ...
  • #944,196
  • Dec 16, 2014 2:48pm Dec 16, 2014 2:48pm
a few months ago I was caught of guard on a GU trade, my tendency is for position trading and until this year it has worked very well for me. I had a few buy position in GU from 1.6xxx needless to say we haven't returned to those levels yet...however during my 'waiting' period I began to look at the daily chart in more detail and recognise a few anomalies what I would term shadow levels meaning that they are not totally obvious at first sight but the current price is cast by those shadows....The wicks we see are very very important on any time frame...but for lots of lovely pips I like to look for them on a daily chart...I will not fully explain my system as that's not what I am here to do however from time to time I will give you a heads up of a intending levels that is coming up...last week I said look out for 2530...no one listen...today if GU doesn't close above 1.5762 and EU closes above 1.2495 on the daily chart, be prepared for further bullishness for EU and GU...don't care what Yellen says

Quoting rehorst
{quote} Would you mind describing your system? Also, what wicks for the above? Date/time on them if you don't mind.
Peace & Pips
  • #944,197
  • Dec 16, 2014 3:18pm Dec 16, 2014 3:18pm
Short €... this game is over gentlemen.
  • #944,198
  • Dec 16, 2014 3:32pm Dec 16, 2014 3:32pm
Quoting IrishMist
Short €... this game is over gentlemen.
Don't worry, you are not the only one short from 2300, 2370, 2450 and 2500...eventually you may make profit, if the drawdown doesn't kill you until then.
Everyone can see the chart, but only a few can actually read it.
  • #944,199
  • Dec 16, 2014 3:37pm Dec 16, 2014 3:37pm
Quoting YardiFX
today if GU doesn't close above 1.5762 and EU closes above 1.2495 on the daily chart, be prepared for further bullishness for EU and GU...don't care what Yellen says {quote}
Some speak of 1.288x, but we will not get there in one stroke if this ever happens.
So there will be time enough to take advantage of the move until then.
There are more than one ways to skin the cat.
The trick is to be open minded.
Don´t be fixed to S and L.
  • #944,200
  • Dec 16, 2014 3:38pm Dec 16, 2014 3:38pm
look at GU trying to close above 1.5756...will it make it...if it does, down go EU and GU...
Peace & Pips
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