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  • #20,661
  • Jan 26, 2015 12:32am Jan 26, 2015 12:32am
Quoting T@rantula
I am expecting a retail gap on opening due to Greece election results.
This recovery on the EUR/USD looks a bit like the recovery on the AUD/USD pair the day after BoC decision. Once NY opened on that day of recovery, the candles on the chart went very wide, and the bears won, the AUD/USD got smashed down to new lows.

I might follow this EUR/USD trend until NY Open, and then take a sell position, as I did last Friday.

I don't think I can take a long position on EUR/USD, even despite its recent lows.

Thoughts anyone?
  • #20,662
  • Jan 26, 2015 12:44am Jan 26, 2015 12:44am
Quoting PariCovek
{quote} This recovery on the EUR/USD looks a bit like the recovery on the AUD/USD pair the day after BoC decision. Once NY opened on that day of recovery, the candles on the chart went very wide, and the bears won, the AUD/USD got smashed down to new lows. I might follow this EUR/USD trend until NY Open, and then take a sell position, as I did last Friday. I don't think I can take a long position on EUR/USD, even despite its recent lows. Thoughts anyone?

It could be that EUR is aiming for 1350, maybe not on intraday movement but this week. I need to see NY open or at least the first 3h of LO to further analyse it.
  • #20,663
  • Jan 26, 2015 1:08am Jan 26, 2015 1:08am
Fellow Spiders

Attached is a (free) link to upcoming economic data on the calendar.

Website is updated reasonably quick upon release of data:


http://www.tradingeconomics.com/calendar
  • #20,664
  • Jan 26, 2015 2:19am Jan 26, 2015 2:19am
GBPUSD,H1 - possible buy, based on inv H&S, 61.8 Fib rejected of last swing, round no 1.5, pin bars, bullish div.
Attached Image (click to enlarge)
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  • #20,665
  • Jan 26, 2015 3:18am Jan 26, 2015 3:18am
EUR/USD - I see a range of 1.12452 - 1.12883 by NY Open 8am. I may take a short position if it is at the upper range just before NY Open.

If trend continues past NY Open, then see a target of 1.13522, but I expect this trend to break south.
  • #20,666
  • Jan 26, 2015 4:01am Jan 26, 2015 4:01am
Quoting PariCovek
EUR/USD - I see a range of 1.12452 - 1.12883 by NY Open 8am. I may take a short position if it is at the upper range just before NY Open. If trend continues past NY Open, then see a target of 1.13522, but I expect this trend to break south.
Trend broke my lower channel, so I expect limited upside for remainder of the day, mainly down trend.
  • #20,667
  • Jan 26, 2015 4:13am Jan 26, 2015 4:13am
Quoting PariCovek
{quote} Trend broke my lower channel, so I expect limited upside for remainder of the day, mainly down trend.
Exactly, we might see some pullback before next leg of selling.

Quoting Jumper1979
GBPUSD,H1 - possible buy, based on inv H&S, 61.8 Fib rejected of last swing, round no 1.5, pin bars, bullish div. {image}
Same as for EURUSD. 5100 should hold for 4920.
  • #20,668
  • Jan 26, 2015 4:17am Jan 26, 2015 4:17am
Quoting PariCovek
Gold Gold in USD terms is on a long-term downward channel as per the attached, and it will retreat from its current highs in my opinion starting in the next couple of weeks. Gold price can retreat slower than it can rise, people flock to gold when there is "uncertainty". Markets were faced with a number of “uncertainties” of recent, including: ECB stimulus and Europe recession, Greek Exit/Default/Elections, Oil price drop, Base metals price drop, US Equities heading into just above fair value (SP500 PE Ratio of 19), Chinese slow down. All of these...
For those that recall this commentary, Gold down today USD14.8/oz
  • #20,669
  • Jan 26, 2015 4:43am Jan 26, 2015 4:43am
EURGBP I see a pullback near to 7450 can give 7540 as target 1.
Attached Image (click to enlarge)
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  • #20,670
  • Jan 26, 2015 5:19am Jan 26, 2015 5:19am
GBPJPY I see a short at 178.10. Bearish divergence,internal TL and Historical seller makes a confluence. A weak pullback is already on play.
Attached Image (click to enlarge)
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  • #20,671
  • Jan 26, 2015 5:21am Jan 26, 2015 5:21am
Quoting PariCovek
{quote} Trend broke my lower channel, so I expect limited upside for remainder of the day, mainly down trend.
Clearly got this one wrong...
  • #20,672
  • Jan 26, 2015 6:03am Jan 26, 2015 6:03am
EURUSD is currently in retracement rejection from 1.1100 zone. 1.1270 zone could be good for short term trades but bear in mind that 1.1200 is now interim support. So to further go down 1.1200 should break, but intraday momentum is still high to the upside. That leaves a potential for 1320-1330 (next zone for short trades) in the case 1280 breaks. 1.1035 should be the target then but ATR is big on EURUSD ( caused by fundamental shifts ) so pay attention to 1200 and 1150 in the case of rejections from POC zones.


Attached Image (click to enlarge)
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  • #20,673
  • Jan 26, 2015 6:12am Jan 26, 2015 6:12am
Quoting T@rantula
EURUSD is currently in retracement rejection from 1.1100 zone. 1.1270 zone could be good for short term trades but bear in mind that 1.1200 is now interim support. So to further go down 1.1200 should break, but intraday momentum is still high to the upside. That leaves a potential for 1320-1330 (next zone for short trades) in the case 1280 breaks. 1.1035 should be the target then but ATR is big on EURUSD ( caused by fundamental shifts ) so pay attention to 1200 and 1150 in the case of rejections from POC zones. {image}
I see 1330. But dont know if this becomes a scalp by price moving to 1470.
  • #20,674
  • Jan 26, 2015 6:21am Jan 26, 2015 6:21am
Quoting PariCovek
{quote} Clearly got this one wrong...
1270 zone still resisting, giving at least scalp scalp swings 1270-50 current range.
  • #20,675
  • Jan 26, 2015 6:34am Jan 26, 2015 6:34am
Quoting kalyan
{quote} I see 1330. But dont know if this becomes a scalp by price moving to 1470.
Yes if 1280 breaks 1330 should give a nice move. I have been scalping 1270 so far no break of 1250
  • #20,676
  • Jan 26, 2015 7:42am Jan 26, 2015 7:42am
POC1 zone still resisting. EURUSD and GBPUSD go in positive correlation. 5100 should hold for 4950 +
  • #20,677
  • Jan 26, 2015 10:10am Jan 26, 2015 10:10am
T. now that 1270 broke 1330 is still valid for shorts right ?
  • #20,678
  • Jan 26, 2015 10:37am Jan 26, 2015 10:37am
Quoting Jumper1979
GBPUSD,H1 - possible buy, based on inv H&S, 61.8 Fib rejected of last swing, round no 1.5, pin bars, bullish div. {image}

+ 70 pips profit.
  • #20,679
  • Jan 26, 2015 11:31am Jan 26, 2015 11:31am
Quoting EternalNewB
T. now that 1270 broke 1330 is still valid for shorts right ?
yes it is, but its still being rejected.
  • #20,680
  • Jan 26, 2015 8:08pm Jan 26, 2015 8:08pm
Quoting PariCovek
Any Options traders here? I was looking at Gold OTM Call Options 3 weeks ago, would've returned 1800% by now... Cursing. I'm looking for a bullish OTM Call Option. I was thinking German 30 Index at 11400 strike March 15 Expiry. Its had a top run, but this depreciating Euro will make their export industry go through the roof.
Dax30 Call Options are now worth 3x more than what they were in the above post.

Gold price (USD) appears to be retreating as expected.
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