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EURUSD

  • #971,881
  • Mar 21, 2015 3:31pm Mar 21, 2015 3:31pm
Quoting palinco
Freebie: AUD/NZD heading to 1.02xx. Follow if you wish. Use reasonable money management.
March 13, I gave this freebie in this forum. I guess you guys now believe me that I wasnt just kidding. Those who were able to follow me all the way from 1.04xx till currnt 1.0261 will be smiling to the bank now.
  • #971,882
  • Mar 21, 2015 4:00pm Mar 21, 2015 4:00pm
Quoting fxtyrant
{quote} Just follow and stop asking questions.
Holy Jaysus...so much for teaching a person to fish.

Yer Grade A ________, Mr T...Grade A________! I'll leave it to you to fill in the blank.
  • #971,883
  • Mar 21, 2015 4:02pm Mar 21, 2015 4:02pm
Quoting Mr Hatch
{quote} And please, don't mention me too often publicly, otherwise peeps could get the impression I'm doing some business in between.
Was just about to say...you've changed, Mr hatch! I kid, I kid, Hatchy. Hope yer well, me auld flower? How are the cats? And the cookies? :-)
  • #971,884
  • Mar 21, 2015 4:03pm Mar 21, 2015 4:03pm
Quoting ill_be_back
Possible scenario Next Week {image}
It makes sense. But FX not sacrosanct.
  • #971,885
  • Mar 21, 2015 4:28pm Mar 21, 2015 4:28pm
Quoting Mr Hatch
{quote} Actually, you'll find these gems at every major top and bottom. I'm quite astonished that the usual suspects didn't appear yet. I'm quite trigger-happy. And please, don't mention me too often publicly, otherwise peeps could get the impression I'm doing some business in between.
Perhaps this is an indicator we have not yet reached the bottom

oh yeah- maybe you didn't just tell me. Tetris chart doesnt forget.
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  • #971,886
  • Edited 7:15pm Mar 21, 2015 6:45pm | Edited 7:15pm
EURUSD
Fundamental:
FOMC brought a lot of volatility to markets but in reality it didn't indicate that we won't have a rate hike this year rather a delayed one and depending on US data that we have to monitor closely. Fed cut it's inflation and growth forecast but that doesn't change global divergent monetary policies that should boost Dollar in the months to come.
There were a few signs of possible recovery in Eurozone (or perception of such) mainly due to lower currency and Crude Oil resulting in improved Economic growth forecasts for this year. (Portugal up to +1.5% GDP) something I was somewhat skeptical a couple of weeks ago.

So, first job next week is to understand whether PA on Friday was just remaining momentum and retracement from Wednesday or the changes above will impact the market for a more prolonged period of time allowing a meaningful correction. Last week I said that this pair hadn't had any retracement on H4 that would allow to forecast downside more accurately, well we had one in 2 hours on Wed and should market be done with it will make our task slightly easier. Mario Draghi will be speaking on Monday and that could give us more clarity on short term direction.

Technical:
Monthly chart: Bfly Buy 1.27 Ext + .707 Ret area at 1.0462, market fast reaction for a monthly Fib level is perfectly normal which is not the same as saying this is a complete reversal but the fact that is working give us more clarity on downside targets (in case it gets broken makes 0.89 likely) and makes me more cautions on shorts, not that I am obsessed with shorts as I trade both sides of the market but I am not willing to risk much against this type of pattern, this is why I like accurate entries with small stops. If we get pattern indicating more upside on smaller Tfs I won't hesitate knowing I have Monthly pattern as background.

Weekly: Almost a Bullish engulfing candle and close still below YS2, can't make much out of it.
Daily: Price hasn't tested MPP yet at 1.1307 but was very close to test MS1 from below during FOMC rally.
H4: Rejection at .618 Ret of whole swing from 1.1374 to 10462.
H1: Possible AB=CD targeting 1.0462 or ABCD targeting lower, minimum target .618 minor extension at 1.0619 + MACD Negative divergence

I only posted M1, H4 and H1 charts

If market takes out the yellow circle on H1 it will look suspicious from Bear viewpoint (except if PA forms some type of wash & rinse touching the .786 Ret H1 turning back down) otherwise I will be looking for test of WPP and then 1.0619.
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We watch the charts from every angle so you don't have to!!
  • #971,887
  • Edited 9:44pm Mar 21, 2015 9:44pm | Edited 9:44pm
Quoting forexalien
This must be the oldest thread ever , 2008, does anyone know when FF started ?
When did you start? Didn't you get the Tee shirt?

Should know your way around here by now



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It takes a lot for me to IGNORE you, but you can try.
  • #971,888
  • Mar 22, 2015 12:23am Mar 22, 2015 12:23am
Quoting pedro319
EURUSD Fundamental: FOMC brought a lot of volatility to markets but in reality it didn't indicate that we won't have a rate hike this year rather a delayed one and depending on US data that we have to monitor closely. Fed cut it's inflation and growth forecast but that doesn't change global divergent monetary policies that should boost Dollar in the months to come. There were a few signs of possible recovery in Eurozone (or perception of such) mainly due to lower currency and Crude Oil resulting in improved Economic growth forecasts for this year....
nice to see your work , so nice
how it looks??
61.8 target almost same
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  • #971,889
  • Mar 22, 2015 12:40am Mar 22, 2015 12:40am
Reversal pattern formed in weekly chart on eur/usd
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  • #971,890
  • Mar 22, 2015 12:45am Mar 22, 2015 12:45am
Quoting kenfen69
{quote} Holy Jaysus...so much for teaching a person to fish. Yer Grade A ________, Mr T...Grade A________! I'll leave it to you to fill in the blank.
whats the point of teaching how to fish... when they cant even hold on to their fishing rod long enough??

ie... people coming in putting their 10000 USD deposit then going bust the next day....
what a waste....
might as well just give them profitable signals....
FX market is not for everyone to learn... some are born with intuition on how to trade the FX market, some are just not fit for the job no matter how many years it takes for them to learn.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #971,891
  • Mar 22, 2015 12:46am Mar 22, 2015 12:46am
Quoting fxtyrant
{quote} If ur gona follow me... Follow me properly... I didnt use stops... And heck i didnt get stopped out

Alright, thanks for giving out all these good signals to short, its my own fault for putting stops :\
  • #971,892
  • Mar 22, 2015 1:15am Mar 22, 2015 1:15am
Some people are just impatient. They want to make money right away from your calls. If it doesn't go positive for them right off the bat, they get angry. And they release their frustrations towards the people who's trying to help them. I understand the fx market seems very frustrating at times, but I don't get the anger towards someone who's trying to help. Sometimes losing is part of the game.

If Tyrant makes a bad call, it's not the end of the world. You can't expect him to be 100% correct. At least he's making an effort and giving up part of his own time to help random strangers.

I don't follow his calls most of the time as I got my own method, but for sure Tyrants calls have helped me be more patient on picking my entries.
  • #971,893
  • Mar 22, 2015 1:23am Mar 22, 2015 1:23am
Quoting mrdownload
Sometimes losing is part of the game.
If you have a solid money management strategy an individual loss should mean nothing.

You can even profit in Forex if you win 35 percent of the time.

Losing should be part of the plan, as winning is.
  • #971,894
  • Mar 22, 2015 1:39am Mar 22, 2015 1:39am
i held my shorts on fri, possible reasons is the testng of daily highs, it couldnt close above it. the last 2 daily candles showing low lows , lows highs. it could be a signal momentum of a bullish tiring. another reason is UJ , it has reached a milestone high , comapred to EJ . monday before draghi speaks fear could feed in , remember EU are on QE . if it doesnt rally above 1.1 next week , it is either break or broken. i am not forcasting any events , we have to take a step back and see from a wider angle.


Quoting pedro319
EURUSD Fundamental: FOMC brought a lot of volatility to markets but in reality it didn't indicate that we won't have a rate hike this year rather a delayed one and depending on US data that we have to monitor closely. Fed cut it's inflation and growth forecast but that doesn't change global divergent monetary policies that should boost Dollar in the months to come. There were a few signs of possible recovery in Eurozone (or perception of such) mainly due to lower currency and Crude Oil resulting in improved Economic growth forecasts for this year....
  • #971,895
  • Mar 22, 2015 2:39am Mar 22, 2015 2:39am
According to this model

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we should expect the downward movement

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the main thing is that Asians must show the reaction to a zone
balance analysis
  • #971,896
  • Mar 22, 2015 3:01am Mar 22, 2015 3:01am
Quoting kenfen69
{quote} Was just about to say...you've changed, Mr hatch! I kid, I kid, Hatchy. Hope yer well, me auld flower? How are the cats? And the cookies? :-)
Cats are doing their cat-business, but about a year ago, they discovered that we react when they meow, and they can do that for long periods of time, and loud.
So, I lost weight running for cat-food, to get that heart-breaking sound out of my head.
For the changing-comment, check your eye-sight. Assimilated, yes... changed, not so much.
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  • #971,897
  • Edited 4:05am Mar 22, 2015 3:02am | Edited 4:05am
To the guy following FXTyrant, Didnt the price go way down, then back up? You should have taken profit and now enter another short if you are going to be using stops and higher lot sizes! I remember reading he does not use stops. Look at his all time return is positive and he is not a newbie, obviously a good return/low risk, which means slower to profit but much more safe!
  • #971,898
  • Edited 8:51am Mar 22, 2015 8:21am | Edited 8:51am
I have looked for examples of tweezer /piercing line /upper wick , even the little one prior the next week was bullish
bullish open of any kind I'm gonna think that upper wick is buyer
regardless if price went anywhere near the tweezer eliminate ,which is doubtful next week it is a firm buy area
bears must prepare for a reasonable retrace
your eye focus in this case is to the bodies imo
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #971,899
  • Mar 22, 2015 8:44am Mar 22, 2015 8:44am
Any one here do believe that US dollar will crash in near future........
80% effort, 20% luck
  • #971,900
  • Mar 22, 2015 8:48am Mar 22, 2015 8:48am
Planning to trade on the long side when Asia opens and during London. NY session accordingly though.
Intraday only.
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