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  • #20,461
  • Jan 5, 2015 8:34am Jan 5, 2015 8:34am
Quoting jajaja
Hello Kalyan, Looking good, but possible V shape recovery. Better 0,7755 (61,8 fib), or 0779 (gap) I think.
Yes you are right. As this is the first retracement after the fall, 38.2 could resist I believe. But even if it resists also I dnt know I can have a bigger target or not.
  • #20,462
  • Jan 5, 2015 9:06am Jan 5, 2015 9:06am
1950 is the first resistance now on EURUSD followed by 1.2000 and 1.2020, for all who took 188x longs ( i did )
  • #20,463
  • Jan 5, 2015 10:12am Jan 5, 2015 10:12am
Nice retracement on EUR/NZD, and huge marubozu.
Enter Signature
  • #20,464
  • Jan 5, 2015 11:19am Jan 5, 2015 11:19am
EURO
It seems also time for scalping here and there, ...additively.
FXcube
  • #20,465
  • Jan 5, 2015 11:47am Jan 5, 2015 11:47am
Quoting T@rantula
1950 is the first resistance now on EURUSD followed by 1.2000 and 1.2020, for all who took 188x longs ( i did )
hi T happy new year to you and everyone , on the eur usd looks like sellers are wining so y will whait , my entries are on 4h so ma 20 is clear down sit on hands ; )
Scalping
  • #20,466
  • Jan 5, 2015 11:57am Jan 5, 2015 11:57am
Quoting Forexcube
EURO It seems also time for scalping here and there, ...additively. FXcube
Definitely

Scalping levels (buy) : 1.1875

Scalping levels (sell): 1.1950 1.1975 1.1200
  • #20,467
  • Jan 6, 2015 3:26am Jan 6, 2015 3:26am
1950 is a hard nut to crack. As presumed this range could happen until Fed minutes/ NFP
  • #20,468
  • Jan 6, 2015 3:57am Jan 6, 2015 3:57am
NZDUSD point of confluence zone comes at 7745-7765 and if 7800 stands strong we should see a drop to 7670-40. Inner trend line , H4, 61,8 fib and historical sellers in the region make POC. After a big drop comes a big correction so I assume that NZDUSD is still in technical downtrend.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-06_10-47-14.png Size: 84 KB
  • #20,469
  • Jan 7, 2015 2:40am Jan 7, 2015 2:40am
Still a dollarbull , but Dollarindex is nearing some important levels.
Monthly DX chart ,
Attached Image (click to enlarge)
Click to Enlarge Name: DX Mntly7jan15.gif Size: 88 KB


The Monthly levels of 92,40 and 94.40 coincide with the weekly Innertrendline or the pitchfork and the 94.30 level also being the 1.27 Fib extension from the march 2009 high to the may 2011 low ( not shown on the chart)

Attached Image (click to enlarge)
Click to Enlarge Name: DX Wkly7jan15.gif Size: 149 KB
  • #20,470
  • Jan 7, 2015 4:26am Jan 7, 2015 4:26am
Hello T,

Do you think it will be big correction for EU and will start bullish soon ?
  • #20,471
  • Jan 7, 2015 4:51am Jan 7, 2015 4:51am
Quoting moshnjack
Hello T, Do you think it will be big correction for EU and will start bullish soon ?
As i presumed, the correction could only be achieved after Fed minutes/ NFP . But that will be limited correction. Actually QE measures have already been price in so for some bigger correction it could happen after the announcement.
  • #20,472
  • Jan 7, 2015 6:22am Jan 7, 2015 6:22am
Quoting T@rantula
{quote} As i presumed, the correction could only be achieved after Fed minutes/ NFP . But that will be limited correction. Actually QE measures have already been price in so for some bigger correction it could happen after the announcement.

Hi T.,

do you think that a correction into the (roughly) 2350 to 2600 or up to 2887 is possible?
  • #20,473
  • Jan 7, 2015 6:27am Jan 7, 2015 6:27am
Today FOMC meeting minutes may give some counter trend opportunities on EURUSD. My opinion is that possible QE measures and possible Grexit are strongly priced in so less then expected hawkish statement on FOMC will give some relief to EU currency pair. Also we must not forget that strong depreciation of EUR currency pair is actually good for exporters (!) so what can happen is that the decision on QE will be postponed. Anyway 1800-1810 zone is a support also on equidistant channel and L4 camarilla so it does give potential chance for counter trend setups to 1.2000. As you can see on the chart its pretty much aligned with the price channel/retail gap and 1.2000 H5.

In that case 1.1770 is a level which must hold.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-07_13-18-41.png Size: 50 KB
  • #20,474
  • Jan 7, 2015 7:32am Jan 7, 2015 7:32am
Quoting infinitus
{quote} Hi T., do you think that a correction into the (roughly) 2350 to 2600 or up to 2887 is possible?
Hey Markus,

First crucial level for short term correction is 2000 then we have 2060. After 2060 2235 should be reached. 2235 is very important as that could be the trigger for a deeper correction. It is possbile but that would much depend on political circumstances in EU. The thing which i also have in mind is that contrary to majority- ECB maybe would NOT announce QE measures because low EUR actually fits EU exporters, so they might postpone it.
  • #20,475
  • Jan 7, 2015 7:40am Jan 7, 2015 7:40am
Quoting T@rantula
{quote} Hey Markus, First crucial level for short term correction is 2000 then we have 2060. After 2060 2235 should be reached. 2235 is very important as that could be the trigger for a deeper correction. It is possbile but that would much depend on political circumstances in EU. The thing which i also have in mind is that contrary to majority- ECB maybe would NOT announce QE measures because low EUR actually fits EU exporters, so they might postpone it.



thank you for your considerations
  • #20,476
  • Jan 7, 2015 8:17am Jan 7, 2015 8:17am
Quoting infinitus
{quote} thank you for your considerations
Sure, you are very welcome.
  • #20,477
  • Jan 7, 2015 10:19am Jan 7, 2015 10:19am
Quoting T@rantula
NZDUSD point of confluence zone comes at 7745-7765 and if 7800 stands strong we should see a drop to 7670-40. Inner trend line , H4, 61,8 fib and historical sellers in the region make POC. After a big drop comes a big correction so I assume that NZDUSD is still in technical downtrend. {image}
And finally going as it should!
  • #20,478
  • Jan 7, 2015 10:37am Jan 7, 2015 10:37am
iīn on it but only make my entre wen cross ma 20 down tanks T 10 pibs so far letīs see were it goes ; )
using my om strategy an studing yourīs .
Scalping
  • #20,479
  • Jan 7, 2015 11:08am Jan 7, 2015 11:08am
Quoting T@rantula
{quote} And finally going as it should!
yes...finally..
taken @7790 and closed for +50.
  • #20,480
  • Jan 7, 2015 12:00pm Jan 7, 2015 12:00pm
Quoting jajaja
USD/JPY short 120,25, SL: 121 TP1: 119,25 TP2: 118,85
TP1, TP2 hit, final target is 115,5
I'm waiting for a new entry.
Enter Signature
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