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EURUSD

  • #981,661
  • Apr 16, 2015 12:48am Apr 16, 2015 12:48am
guess it's to late to short right now
  • #981,662
  • Apr 16, 2015 12:53am Apr 16, 2015 12:53am
Quoting rafat habeb
In my opinion we gonna see it 1.05 ISH as EURASIAN MAKRETS opens more likly retracting, any ideas?
Asia session:

  1. oil & gold positive
  2. commoditiy currency AUD positive
  3. EU broke R3 1.0715 now trading above R2 1.0667
  4. Recent US data negative

Europe IMO will kick at 1.0712/15
long now 1.0682 TP 1.0712 SL 10pips

  • #981,663
  • Apr 16, 2015 12:53am Apr 16, 2015 12:53am
Quoting ill_be_back
{quote} Cancelled LONG EU at 1.06802
Going down below 1.0660 today.
Intraday only.
  • #981,664
  • Apr 16, 2015 12:55am Apr 16, 2015 12:55am
why dont you guys wait at least for m5 to turn bullish again?
follow the flow
  • #981,665
  • Apr 16, 2015 12:57am Apr 16, 2015 12:57am
0670 area is congestion area. Needs to break clean.
Intraday only.
  • #981,666
  • Apr 16, 2015 1:00am Apr 16, 2015 1:00am
is anybody taking note how bearish the daily candle looks on Eurusd, that long wick topside rejection
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #981,667
  • Apr 16, 2015 1:08am Apr 16, 2015 1:08am
Quoting fxtyrant
is anybody taking note how bearish the daily candle looks on Eurusd, that long wick topside rejection
yes daily is still bearish and never changed. but 4h was long since tuesday.
when both are in line again we can expect lower price. 0744 was a target and could cap euro.
if we go above asian highs 0792 or even 0844 should be next. these are good levels to sell into.
follow the flow
  • #981,668
  • Apr 16, 2015 1:13am Apr 16, 2015 1:13am
Quoting Atihun
{quote} yes daily is still bearish and never changed. but 4h was long since tuesday. when both are in line again we can expect lower price. 0744 was a target and could cap euro. if we go above asian highs 0792 or even 0844 should be next. these are good levels to sell into.
if daily is bearish, why risk yourself going against the trend entering trades based on H4 being long? shouldn't you wait for a moment when Daily remains bear while h4 signaling bearish to jump in to trade with the trend instead of against it?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #981,669
  • Apr 16, 2015 1:21am Apr 16, 2015 1:21am
Eu pa for past 3 days has been a roller coaster. Can go up 80pips just to come down again and then go up again. Personally i think the short term trend is slowly changing, for those who are not long around 1.053 to 1.058 should prolly wait for better opportunity. Else , just wait for short at higher price, and im thinking at the 1.1 area. Otherwise, sideline is still better. im still having my mini longs from 1.053, sl at BE, tp 1.114. Im still looking for shorts but definiteyly not at this level and not at this juncture and prolly not this month as well.
  • #981,670
  • Apr 16, 2015 1:22am Apr 16, 2015 1:22am
Quoting fxtyrant
{quote} if daily is bearish, why risk yourself going against the trend entering trades based on H4 being long? shouldn't you wait for a moment when Daily remains bear while h4 signaling bearish to jump in to trade with the trend instead of against it?
simply because i also take mean reversion trades.
follow the flow
  • #981,671
  • Apr 16, 2015 1:22am Apr 16, 2015 1:22am
Quoting littlesmall
Eu pa for past 3 days has been a roller coaster. Can go up 80pips just to come down again and then go up again. Personally i think the short term trend is slowly changing, for those who are not long around 1.053 to 1.058 should prolly wait for better opportunity. Else , just wait for short at higher price, and im thinking at the 1.1 area. Otherwise, sideline is still better. im still having my mini longs from 1.053, sl at BE, tp 1.114. Im still looking for shorts but definiteyly not at this level and not at this juncture and prolly not this month...
actually the 1.1 level of resistance is now around 1.0950 because of a downwards trendline.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #981,672
  • Apr 16, 2015 1:24am Apr 16, 2015 1:24am
Quoting Atihun
{quote} simply because i also take mean reversion trades.
that's what i don't like. because i used to have an algorithm that trades using mean reversion techniques. i found out yes risk reward was high, but probability of the trades turning profitable over a long period is too low, that 1 single amazing trade gets killed if it continues to trend and trend and trend with no pull back. like the drop from 1.37 to 1.22, mean reversion trading would've been killed if applied on H1 or H4 chart.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #981,673
  • Apr 16, 2015 1:27am Apr 16, 2015 1:27am
Quoting fxtyrant
{quote} actually the 1.1 level of resistance is now around 1.0950 because of a downwards trendline.
every time you post your bearish view here EURUSD drop. and it's just happened now.
  • #981,674
  • Apr 16, 2015 1:31am Apr 16, 2015 1:31am
Think eur still needs some consolidation for the next fall. 650 - 750 probably the range till it gets heavy enough to dip.
  • #981,675
  • Apr 16, 2015 1:33am Apr 16, 2015 1:33am
Quoting fxtyrant
{quote} that's what i don't like. because i used to have an algorithm that trades using mean reversion techniques. i found out yes risk reward was high, but probability of the trades turning profitable over a long period is too low, that 1 single amazing trade gets killed if it continues to trend and trend and trend with no pull back. like the drop from 1.37 to 1.22, mean reversion trading would've been killed if applied on H1 or H4 chart.
yes you are right.if you just jump into it you'll loose.this is why i wait for 4h structure to turn bullish before i enter (yes i know i still can loose)
now this was the case on tuesday after the spike higher to 0707.
we dropped for 20h after this happened just to spike up again to 0744 target.

http://www.forexfactory.com/attachme...4&d=1429090003
http://www.forexfactory.com/attachme...3&d=1429117897
follow the flow
  • #981,676
  • Apr 16, 2015 1:36am Apr 16, 2015 1:36am
braklo minimalnie do rownosci fal
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.gif Size: 167 KB
  • #981,677
  • Apr 16, 2015 1:41am Apr 16, 2015 1:41am
Quoting fxtyrant
{quote} actually the 1.1 level of resistance is now around 1.0950 because of a downwards trendline.
yep i notice that too. well, PA has been crazyh, am not tempted to enter anytime soon as well. just looking to see how well myh 1.053 mini long can hold until. lolll
  • #981,678
  • Apr 16, 2015 1:43am Apr 16, 2015 1:43am
actually now price are adjusting to a september possible rate hike. i, cannot imagine how catastrophe it will get for bulls who got in wrong time if the fed really does raise hikes in june. tsk
  • #981,679
  • Apr 16, 2015 2:04am Apr 16, 2015 2:04am
Does anyone realise Bunds are 100 basis points to negative?

Bunds are up 90 ticks this morning.... EUR USD should be heavily pressured...
  • #981,680
  • Apr 16, 2015 2:10am Apr 16, 2015 2:10am
Support 1: 1.0603
Support 2: 1.0522

Resistance 1: 1.0734
Resistance 2: 1.0783

Currently uptrend should end around 1.0693 - 1.0734 area. A correction down to below 1.0603 is expected. A rise above 1.0783 will abort the expected correction.
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