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  • #982,541
  • Apr 18, 2015 12:06am Apr 18, 2015 12:06am
Quoting ill_be_back
{quote} What you think about EU next week UP or DOWN
Ok, I am gonna answer this question once and once only.(I realised its unsolicited and even maybe unnecessary).

Current PA indicate that the pairs is on an upmove unless 13760 is breached and stay under(it can be breached but if it does not stay below shall negates the down turn). Having said that however this upmove lacks momentum/thrust and its upside is only limited to 10950 and then either it will likely turns rightaway or consolidate before it turns south again. Note that the breach/hold levels will be different again as PA is always dynamic and it changes with time and that is the reason why no EA can works because it is blind and therefore cannot follow the ever-changing price dynamics as we human can. PA is always moving and breathing AND that is the reason why forex trading can be so elusive and challenging where many are destined and expected to fail and fail miserably.

Hope someone here gets the drift and good luck with all your trades, have a happy and safe weekend.

GS.
  • #982,542
  • Apr 18, 2015 12:09am Apr 18, 2015 12:09am
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  • #982,543
  • Apr 18, 2015 12:21am Apr 18, 2015 12:21am
Quoting genghistar
{quote} Ok, I am gonna answer this question once and once only.(I realised its unsolicited and even maybe unnecessary). Current PA indicate that the pairs is on an upmove unless 13760 is breached and stay under(it can be breached but if it does not stay below shall negates the down turn). Having said that however this upmove lacks momentum/thrust and its upside is only limited to 10950 and then either it will likely turns rightaway or consolidate before it turns south again. Note that the breach/hold levels will be different again as PA is always...
Thanks for answering this once and once only

But want to see what Johnsmart has to say, Since most of his post are related to Greece default
A good trader follows his rules, but great trader knows when to break them
  • #982,544
  • Apr 18, 2015 12:24am Apr 18, 2015 12:24am
Considering the US Dollar Index, USD seems to have hit the bottom. Currencies near the bottom tend to pick up for little positive news/data.
USD did not fall immediately after some bad data like the number of unemployment people in the US was published. It remained rather strong, but
after some time it fell greatly. Similarly, EUR did not fall after some bad news about Greek default, but I believe after some time it will fall greatly.
  • #982,545
  • Apr 18, 2015 12:27am Apr 18, 2015 12:27am
Quoting johnsmart
Considering the US Dollar Index, USD seems to have hit the bottom. Currencies near the bottom tend to pick up for little positive news/data. USD did not fall immediately after some bad data like the number of unemployment people in the US was published. It remained rather strong, but after some time it fell greatly. Similarly, EUR did not fall after some bad news about Greek default, but I believe after some time it will fall greatly.
Can you give a ballpark on the TIME & Level from which this will turn
A good trader follows his rules, but great trader knows when to break them
  • #982,546
  • Apr 18, 2015 12:40am Apr 18, 2015 12:40am
the holy grail
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follow the flow
  • #982,547
  • Apr 18, 2015 12:57am Apr 18, 2015 12:57am
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follow the flow
  • #982,548
  • Apr 18, 2015 2:21am Apr 18, 2015 2:21am
Greece to 'run out of funds' by 20 April
Fri, 17 April 2015
http://www.sharecast.com/news/greece.../22678692.html
  • #982,549
  • Apr 18, 2015 4:31am Apr 18, 2015 4:31am
The chart says it all
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  • #982,550
  • Apr 18, 2015 5:13am Apr 18, 2015 5:13am
don't think thats a tl ,where price is end of month is the real teller ,

Quoting plotinus82
The chart says it all {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #982,551
  • Apr 18, 2015 5:36am Apr 18, 2015 5:36am
...and this is my half cents for coming week.

Happy Weekends
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Focus only on what truly matters!
  • #982,552
  • Apr 18, 2015 5:45am Apr 18, 2015 5:45am
Quoting Atihun
the holy grail {image}
that was a good one.. hilarious..
Focus only on what truly matters!
  • #982,553
  • Apr 18, 2015 5:52am Apr 18, 2015 5:52am
Bias is towards a retracement on the upside around the 1.10 region before we see what the supply there does.
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There is no royal road to anything.
  • #982,554
  • Apr 18, 2015 5:55am Apr 18, 2015 5:55am
oh seriously this happening every time . this is deja vu . every time when euro drops about 1000 pips . there will be def. a correction about 500 pips that was happened every time after euro dropped blow 1.30 , now every one talking euro will go 1.12 - 1.15 -1.16 seriously! . and people showing bad macro eco. data from US , and good news from euro area .

seriously dude , there is still FED rate hike on table . and just a secound is there any double topped DXY oh that's the way they gonna rape your money with shorting USD pairs !! . that's why we do need analyze fundamentals that saying to short EUR . and for the last thing for who do believe euro area is going to be good and we are gonna see nice macro eco. data from euro area . dude FED after that big QE still did not improved their economy totally . The ECB just started QE it's like a little baby that just started to walk maybe their QE will last more than 2 or 3 years who knows . I do not now what to say . and for your knowledge I did hold euro shorts from 1.16 but I did had a panic on FED meeting when yellen said the rate hike will go slowly and stuff I did closed my shorts , and after that worse NFP I saw the pair just moved like that and started to thing okay the the pair pointed 1.0000 and if there is gonna be a big bounce back it's gonna be when the pair touched 1.0000 !! remember when the USDCHF went blow 1.0000 and touched 0.96xx (01.03.2008) and bounced back about 24.000 pips , I know there is no way to compare EURUSD with USDCHF but It is an example of a pair which is came from 1.70xx to 1.0000 .

ok to sum up for who wants to trade a little bit mid-longer term there is no way for eurusd to go up before touch around 1.0000 maybe we could see the the uptrend after FED first rate hike . but for now till the next FED meeting nothing changed on fundamentals and I will keep my shorts from 1.08xx pointed 1.0000 to take my profits . thanks all for your reading .
  • #982,555
  • Edited 6:29am Apr 18, 2015 6:10am | Edited 6:29am
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  • #982,556
  • Apr 18, 2015 6:43am Apr 18, 2015 6:43am
seems like a dangerous opinion to me ,anyway time will tell eu to 1,before any more up




Quoting edyraper
oh seriously this happening every time . this is deja vu . every time when euro drops about 1000 pips . there will be def. a correction about 500 pips that was happened every time after euro dropped blow 1.30 , now every one talking euro will go 1.12 - 1.15 -1.16 seriously! . and people showing bad macro eco. data from US , and good news from euro area . seriously dude , there is still FED rate hike on table . and just a secound is there any double topped DXY oh that's the way they gonna rape your money with shorting USD pairs !! . that's why we...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CHF (DFB).png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #982,557
  • Apr 18, 2015 7:11am Apr 18, 2015 7:11am
Quoting edyraper
oh seriously this happening every time . this is deja vu . every time when euro drops about 1000 pips . there will be def. a correction about 500 pips that was happened every time after euro dropped blow 1.30 , now every one talking euro will go 1.12 - 1.15 -1.16 seriously! . and people showing bad macro eco. data from US , and good news from euro area . seriously dude , there is still FED rate hike on table . and just a secound is there any double topped DXY oh that's the way they gonna rape your money with shorting USD pairs !! . that's why we...
Totally agree. Same story from time to time. Next week will be the perfect bull trap...

Attached Image
  • #982,558
  • Apr 18, 2015 7:14am Apr 18, 2015 7:14am
Quoting Bones
don't think thats a tl ,where price is end of month is the real teller , {quote} {image}
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80% effort, 20% luck
  • #982,559
  • Apr 18, 2015 7:32am Apr 18, 2015 7:32am
could be ,or even down first ,I'm waiting open , with fundi I'm thinking if your focused only on QE in Europe ,and higher rates in us , is risky
I've seen very good much broader fundi views here I'm not fundi at all ,FX says I'm too technical ,well 100% can't be more


Quoting KOS-fx
{quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #982,560
  • Apr 18, 2015 8:02am Apr 18, 2015 8:02am
Quoting Bones
could be ,or even down first ,I'm waiting open , with fundi I'm thinking if your focused only on QE in Europe ,and higher rates in us , is risky I've seen very good much broader fundi views here I'm not fundi at all ,FX says I'm too technical ,well 100% can't be more {quote}
I am too don't know much about fundamentals and can say 100% technical.
80% effort, 20% luck
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