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  • #982,621
  • Apr 19, 2015 12:39am Apr 19, 2015 12:39am
Quoting Ratmach
{quote} Ah, that thread... brilliant! Should have known that it would be the great Merlin to discover the ANSWER to all this! I shall now switch strategies (and quit taking only trades that have the number 42 in them.)
I discovered that thread in 2004 and dedicated $1,000 for this strategy. Here is the statement after 10 years. Withdrawals go to my savings account.

Merlin put no restriction on numbers, you choose your own numbers. I take trades that has 36, 24, 36 in it. Some say these aren't numbers but figure.
Attached Image
The Thief of Wall Street
  • #982,622
  • Apr 19, 2015 1:40am Apr 19, 2015 1:40am
Quoting ill_be_back
{quote} Most likely GAP UP
U need to check XE there's no gap
  • #982,623
  • Apr 19, 2015 1:46am Apr 19, 2015 1:46am
Quoting CoolJL
{quote} As a head of ECB he's saying Euro will be staying, without the euro he's out of job
exactly
  • #982,624
  • Apr 19, 2015 2:00am Apr 19, 2015 2:00am
USD, EUR, CHF, GBP, AUD: Outlooks For The Coming Week - Morgan Stanley
19 Apr 2015 02:05 EDT



"USD: Medium Term Bulls. Still Bullish.
US data weakness has continued, driving a USD correction over the past week. A more data dependent Fed could inject volatility into the USD, and a slower pace of hikes may lead to a slower pace of USD appreciation. However, we still expect USD to continue to be the strongest G10 currency. Growth differentials between the US and RoW remain supportive to the US. The ECB made clear that it will continue QE, weighing on EUR, and de facto supporting USD.
EUR: Monetary and Political Pressures. Bearish.
The latest ECB meeting sent a strong message that it intends to do QE through the third quarter of 2016. Monetary accommodation and low interest rates in the Euro Area have made EUR more attractive as a funding currency, evidenced by increased European bank lending abroad. This should add pressure to EUR. In addition, political tension in Greece continues to escalate, and could add a risk premium to the currency, in our view.

http://www.efxnews.com/story/28669/u...morgan-stanley
  • #982,625
  • Apr 19, 2015 2:00am Apr 19, 2015 2:00am
HOLLY SHIT BATMAN...the last 5 pages of this thread are full of people that can see into the future how this pair will act to the pip...

All I can wonder is if they are so damn good at seeing into the future...why not just fill in a lottery slip/ticket ???
Why sell the bottoms when you can buy the tops...
  • #982,626
  • Apr 19, 2015 2:03am Apr 19, 2015 2:03am
Quoting Ratmach
So many numbers been thrown around the past week or so where support/resistance is concerned, I've completely lost track of what's what. Anyway, I'm trying to figure out if there's some kind of consensus on where price is most likely to find support IF it starts to move lower tomorrow (ignoring anything dramatic that could cause it to drop off a cliff, of course). I'm mainly concerned with numbers between .0800 and .0700
If lower. then first level to watch 1.073
  • #982,627
  • Apr 19, 2015 2:07am Apr 19, 2015 2:07am
Quoting JustAndy
HOLLY SHIT BATMAN...the last 5 pages of this thread are full of people that can see into the future how this pair will act to the pip... All I can wonder is if they are so damn good at seeing into the future...why not just fill in a lottery slip/ticket ???

lol, you are doing it wrong. Noone is predicting, but looking for important levels. If you find level, then you can watch how price reacts. And react yourself based on what you see.
  • #982,628
  • Apr 19, 2015 2:12am Apr 19, 2015 2:12am
This is 1hour chart, as you see.. well you can't predict.. But you can see important levels.. and then watch price action.
Attached Image (click to enlarge)
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  • #982,629
  • Apr 19, 2015 2:18am Apr 19, 2015 2:18am
Quoting Chicky
{quote} I discovered that thread in 2004 and dedicated $1,000 for this strategy. Here is the statement after 10 years. Withdrawals go to my savings account. Merlin put no restriction on numbers, you choose your own numbers. I take trades that has 36, 24, 36 in it. Some say these aren't numbers but figure. {image}
  • #982,630
  • Apr 19, 2015 2:22am Apr 19, 2015 2:22am
Quoting dreamt1me
{quote} If lower. then first level to watch 1.073
Thanks
  • #982,631
  • Apr 19, 2015 2:46am Apr 19, 2015 2:46am
EUR/USD Weekly Outlook
EURUSD Outlook | Written by ActionForex.com | Apr 18 15 12:53 GMT

EUR/USD recovered after dipping to 1.0520 and the development suggests that consolidation pattern from 1.0461 is still in progress. Initial bias stays neutral this week first. Near term outlook stays bearish as long as 1.1096 support turned resistance holds and downside breakout is expected. Below 1.0461 will extend larger down trend to next fibonacci level at 1.0283.
http://www.actionforex.com/action-in...0150418239008/
  • #982,632
  • Apr 19, 2015 4:12am Apr 19, 2015 4:12am
Quoting plotinus82
{quote} U need to check XE there's no gap
man, even after greece election when euro closed friday at 1,2005 wasnt any gap on XE, and when market opened it was 80 pips down, and then more 90 as free fall. XE is working nice just when, there are no news during the weekend. So I wouldnt be sure on your spot, that there will be no gap up.
  • #982,633
  • Apr 19, 2015 5:09am Apr 19, 2015 5:09am
I believe EUR will get significantly weaker this week. Last week EUR was not as strong as I thought. EUR was stronger than only USD and JPY. It was weaker than the other major currencies. The last week's biggest winner was CHF due to risk aversion sentiment. I believe EUR will get weaker this week due to growing risk aversion sentiment caused by a growing concern for Greek default and world-wide equity decline. CHF, JPY and USD, not EUR, will be bought most due to risk aversion sentiment in this week.


Weekly Review and Outlook: Swiss Franc Broadly Higher on Greece Risk

Market Overview | Written by ActionForex.com | Apr 18 15 14:57 GMT

Weekly Review and Outlook

Swiss Franc Broadly Higher on Greece Risk

The Swiss Franc ended last week as the biggest winner on risk aversion and European stocks tumbled sharply on Greece fears.

http://www.actionforex.com/action-in...0150418239009/
  • #982,634
  • Edited 6:03am Apr 19, 2015 5:36am | Edited 6:03am
Forget the charts for a minute

Refer to the charts below, Yields VS EUR USD and EURLIBOR Vs EUR USD

Risk reversals are also showing a turn to the downside esp in 10D...

Also I want to give all of you a clearer idea of what happened

Giusguglielmi
@ForexLive Draghi said: Try (if you want) to bet agains the Euro(zone) at your peril. Never said don't short the Euro fx
19/4/15 8:37 am

On the irreversibility of the euro
"It is pointless to go short on the euro."

Forexlive has made it quite clear:

OK, if you've read this far you might have skimmed over the bit where he said ... "It is pointless to go short on the euro." Yowza.
Like I said, it needs to be read in context, that he was commenting on the irreversibility of the euro ... but still .... if the market picks up this headline on Monday morning it'll be an excuse to run the stops of euro shorts.

Why do you all think it's him talking up the euro lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR Vs EURLIBOR.PNG Size: 50 KB
Click to Enlarge Name: EUR Vs Yields.PNG Size: 54 KB
  • #982,635
  • Apr 19, 2015 6:31am Apr 19, 2015 6:31am
dont speculate when market is close..

enjoy your life !

u have only 1 life in this world...use it before its late...
  • #982,636
  • Apr 19, 2015 6:39am Apr 19, 2015 6:39am
EurUsd Weekly

Jan2016 -----> Eur = Usd
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd-Wk.png Size: 52 KB
  • #982,637
  • Apr 19, 2015 7:48am Apr 19, 2015 7:48am
Today China announced cutting banks reserve ratio by 1%. When China announced cutting banks reserve ratio on 4 February, 2015, EUR/USD declined by 1.18%.

China cuts bank reserve requirements
http://www.bbc.com/news/business-32371841
  • #982,638
  • Apr 19, 2015 7:53am Apr 19, 2015 7:53am
Quoting Nfp
dont speculate when market is close.. enjoy your life ! u have only 1 life in this world...use it before its late...
Yes you are right about that. I find myself many weekends staring at my charts hoping for a move. Sick. lol
  • #982,639
  • Apr 19, 2015 7:54am Apr 19, 2015 7:54am
Quoting johnsmart
Today China announced cutting banks reserve ratio by 1%. When China announced cutting banks reserve ratio on 4 February, 2015, EUR/USD declined by 1.18%. China cuts bank reserve requirements http://www.bbc.com/news/business-32371841
Interesting. Thanks for all of your informative posts.
  • #982,640
  • Apr 19, 2015 8:14am Apr 19, 2015 8:14am
Quoting johnsmart
Today China announced cutting banks reserve ratio by 1%. When China announced cutting banks reserve ratio on 4 February, 2015, EUR/USD declined by 1.18%. China cuts bank reserve requirements http://www.bbc.com/news/business-32371841
Makes sense. Lower RRR = risk on. Since euro is funder it'll fall. Dax recovers US yields higher as a result.
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