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EURUSD

  • #954,341
  • Jan 25, 2015 6:49pm Jan 25, 2015 6:49pm
Quoting WeeMee
{quote} now that would have been a nice place to be in long, 50 pips easy and practically stress free, direct to the target pretty much.
If you were looking at the 1M chart, you would have seen it, too. We might get another chance to long today...if the price goes close to 1120-30 again. If not, I will rather wait for 1230 to see if there is a short opportunity.
Everyone can see the chart, but only a few can actually read it.
  • #954,342
  • Jan 25, 2015 6:51pm Jan 25, 2015 6:51pm
Quoting navk
{quote} 1.13000 to be minimum I expect before even thinking of a short
I hear ya, I will continue to follow my VTM method (Volume+Trend+Momentum) but I'd think 1.13 should get hit as well... here's to higher levels to short on EUR/USD
  • #954,343
  • Jan 25, 2015 6:53pm Jan 25, 2015 6:53pm
Quoting OnlineAddict
{quote} If you were looking at the 1M chart, you would have seen it, too. We might get another chance to long today...if the price goes close to 1120-30 again. If not, I will rather wait for 1230 to see if there is a short opportunity.
waiting for a good short opportunity seems safer to me at the moment
  • #954,344
  • Jan 25, 2015 6:55pm Jan 25, 2015 6:55pm
Quoting WeeMee
{quote} waiting for a good short opportunity seems safer to me at the moment
Scalp-wise, I am in for both ways...when it comes to holding, I would feel safer if 1230 got refused, if not, then 1330, can't see it higher yet, but anything can happen.
Everyone can see the chart, but only a few can actually read it.
  • #954,345
  • Jan 25, 2015 7:00pm Jan 25, 2015 7:00pm
Quoting OnlineAddict
{quote} If you were looking at the 1M chart, you would have seen it, too. We might get another chance to long today...if the price goes close to 1120-30 again. If not, I will rather wait for 1230 to see if there is a short opportunity.
damn! but you are right, the 1 min charts shows the bottom pretty darn well. thanks for pointing it out, makes sense that the shortest time frame will tell you what happening the quickest. it's funny cause i was just gonna ask you if you use any chart patterns to take trades, or is it all about the support and resistance levels.
  • #954,346
  • Jan 25, 2015 7:01pm Jan 25, 2015 7:01pm
I shorted again, hoping to recoupe some losses.
  • #954,347
  • Jan 25, 2015 7:05pm Jan 25, 2015 7:05pm
Quoting WeeMee
{quote} damn! but you are right, the 1 min charts shows the bottom pretty darn well. thanks for pointing it out, makes sense that the shortest time frame will tell you what happening the quickest. it's funny cause i was just gonna ask you if you use any chart patterns to take trades, or is it all about the support and resistance levels.
I use all kinds of crap on my charts, but hardly ever trade by it, PA always tells the most.
Everyone can see the chart, but only a few can actually read it.
  • #954,348
  • Jan 25, 2015 7:05pm Jan 25, 2015 7:05pm
That's it still to crazy, I'm out for the day.
  • #954,349
  • Jan 25, 2015 7:09pm Jan 25, 2015 7:09pm
Well damn i got lucky by holding that short over the weekend. Let's see how lucky I'll be with this short from 1.118.
  • #954,350
  • Jan 25, 2015 7:12pm Jan 25, 2015 7:12pm
This just in...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2015-01-25 17.11.50.png Size: 142 KB
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  • #954,351
  • Jan 25, 2015 7:19pm Jan 25, 2015 7:19pm
Does once again look like the move off the lows is a bearish one, hoping to see that continue and more bearish indications for an intra day scalp back to the lows...
  • #954,352
  • Jan 25, 2015 7:23pm Jan 25, 2015 7:23pm
Quoting OnlineAddict
{quote} I use all kinds of crap on my charts, but hardly ever trade by it, PA always tells the most.
couldn't agree more Boss ...
  • #954,353
  • Jan 25, 2015 7:25pm Jan 25, 2015 7:25pm
Quoting Ck87
Does once again look like the move off the lows is a bearish one, hoping to see that continue and more bearish indications for an intra day scalp back to the lows...
Not on monday, I think. It should be safe to short this if asians keep going up all night...then EU guys will take it down, re-load and go up again. At least thats how I see it. Maybe 1190-1200 again...then down to 1150-60 and then up to 1220-30.
Everyone can see the chart, but only a few can actually read it.
  • #954,354
  • Jan 25, 2015 7:30pm Jan 25, 2015 7:30pm
Quoting OnlineAddict
{quote} Not on monday, I think. It should be safe to short this if asians keep going up all night...then EU guys will take it down, re-load and go up again. At least thats how I see it. Maybe 1190-1200 again...then down to 1150-60 and then up to 1220-30.
We could certainly make new lows as well. Super strong momentum to downside.
  • #954,355
  • Jan 25, 2015 7:31pm Jan 25, 2015 7:31pm
Quoting Ck87
{quote} We could certainly make new lows as well. Super strong momentum to downside.
We will, eventually, but not today.
Everyone can see the chart, but only a few can actually read it.
  • #954,356
  • Jan 25, 2015 7:31pm Jan 25, 2015 7:31pm
Quoting Goodvalley
Here, G... {image}
y did u consider 1112 as a bottom?
those who can, do. those who cant, talk about those who can
  • #954,357
  • Jan 25, 2015 7:39pm Jan 25, 2015 7:39pm
2 things that needs to happen for me to be turn my view on EURUSD neutral.....

1. Delay of rate fed rate hikes, current predictions are still Q2, April to June 2015, (i know some bank analysts have begun saying that they are delaying their view to 2016, but sorry i want to hear it from the fed themselves, far too often have bank analysts forecasts been so conservative to a point that fed's action actually causes surprise... and surprise is in the air this year.... SNB.... Draghi... etc etc...)

2. ECB easing has seen Inflation rates recovering, doesnt have to be much, but if inflation starts to uptick beacause of ECB's easing. then thats a good news in the short term....

these 2 things need to happen for me to turn my EURUSD bearish to neutral view...

now in the longer term for me to be bullish Euro, is if some form of structural reform, ie immigration rules, improvement to europe's chronic lethargic employment rules and regulations, reformed social benefits, and a unified fiscal policy in europe would give me signs of hope in europe's economy.

otherwise, forget it, the euro is down still from current fundamental standpoint.
We live in a finite world with infinite possibilities.
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  • #954,358
  • Jan 25, 2015 7:47pm Jan 25, 2015 7:47pm
There is German Ifo Bussiness Climate at 9.00. Germany had lately quite nice economic performance so this event can cause some small rebound.
  • #954,359
  • Jan 25, 2015 7:51pm Jan 25, 2015 7:51pm
whats the big deal about Greece? its just a failed country attached to a failing ecb system (or dragis wouldn't be sweating). trend down, below 1209 with a week close. u.s poised to tighten.. down to 11 year lows after failing to make hh after 2008 3x. dragis has plans of dilution for at least 1 year min
those who can, do. those who cant, talk about those who can
  • #954,360
  • Jan 25, 2015 8:04pm Jan 25, 2015 8:04pm
Quoting gatorinla
whats the big deal about Greece? its just a failed country attached to a failing ecb system (or dragis wouldn't be sweating). trend down, below 1209 with a week close. u.s poised to tighten.. down to 11 year lows after failing to make hh after 2008 3x. dragis has plans of dilution for at least 1 year min
cuz you still got europeans who bailed greece out still hoping greek would pay back their debt one day... sooo potentially a lot bail out money becomming bad debt on the books.
We live in a finite world with infinite possibilities.
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