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EURUSD

  • #984,961
  • Apr 27, 2015 8:28am Apr 27, 2015 8:28am
Quoting Hickson
{quote}
Easy money and pips whole week the game is the same as the EU London Session UP or down EUR USD later, before the opening of the US market EUR USD back to levels in a trade where the US came to an end, from the previous day
  • #984,962
  • Apr 27, 2015 8:31am Apr 27, 2015 8:31am
Quoting Dano12
{quote} Easy money and pips whole week the game is the same as the EU London Session UP or down EUR USD later, before the opening of the US market EUR USD back to levels in a trade where the US came to an end, from the previous day
Yes, it often happens ...
Fix up, trade sharp ...
  • #984,963
  • Apr 27, 2015 8:40am Apr 27, 2015 8:40am
Quoting pedro319
EURUSD Fundamental: This week will be full on in terms of data releases namely US GDP and Interest rate also Germany Unemployment numbers and CPI. We have talked about the speculation around timing for US rate hike before and we are currently under the same uncertainty, U.S data lately as been slightly disappointing hinting on slower growth and adding further concerns on overall performance of the U.S economy and this is the scenario supporting further correction. On the other hand Greek tensions amount as a deal is still far from reached but I...
Hi Pedro, I happend to draw a Gartley few weeks ago . it turns out almost correct
Attached Image (click to enlarge)
Click to Enlarge Name: Bull2.jpg Size: 154 KB


This is how the pattern developed now
Attached Image (click to enlarge)
Click to Enlarge Name: Bull.jpg Size: 164 KB

At the moment it is going just as planned, the movement are insignificant with slow and choppy move (bearish volume, small movement at 1hr, 4hr) on every other Major USD pair. 1.0965 is expected to be hit and will become intermediate stop before 1.105 as maximum extension IMHO


However, in the longer term. theres a chance of a bigger gartley at 1.13-1.14 level (If FOMC turns out bad). Though i think it shouldnt get that far.

Attached Image (click to enlarge)
Click to Enlarge Name: GARTLEY.jpg Size: 140 KB


Just some of my thought here. hope that you will agree with most of it.
  • #984,964
  • Apr 27, 2015 8:51am Apr 27, 2015 8:51am
Quoting TuTang
{quote} it turns out almost correct.
If you wait long enough - almost all levels will hit and as with everything else it works until it doesn't .........
  • #984,965
  • Apr 27, 2015 9:11am Apr 27, 2015 9:11am
G/N moving too slow and building a bull flag. Adjusting TP to 1.9804 for 180 pips
Don't trade the noise
  • #984,966
  • Apr 27, 2015 9:16am Apr 27, 2015 9:16am
bad whether bbl
those who can, do. those who cant, talk about those who can
  • #984,967
  • Apr 27, 2015 9:16am Apr 27, 2015 9:16am
Quoting Tom_D_Trader
{quote} {quote} Nice charts mate, thx . I hope you are going well. Me pretty busy of charts, and just holding both GU and EU for mid term bouncey/reversal. But current PA seems like a bearish correction (got correction targets 1,0687 on EU and ,486 on GU, dont like neither of those moves) of last weeks bull movement. Holding not funny at all . Edit: also wanna add last h1 movement is daily open retest on both charts sry, only GU,... EU is daily/weekly S/R(old 1,075x), so now pretty important point, should bulls take controll, could be fun start...
Hi,
both correction targets hold, now EU in a wannabeflag breaking 1,0855 now, while GU on Daily. EU targetting 1,0992 as primary, Brittish election inc about a week.
Me holding, targetting bounce to 1,145 on EU and 1,543 on GU as a decision point for boncey/reversal. Will deleverage most on primary targets, as still USD bulls can have some speed and Oil may try another push down.
Edit: Also wanna add wannabeflag on EU could push us intraday for 1,0757 retest, which would be a perf long in my chart.
I hope you guys are having fun.
GL,
T
"I know one thing, that I know nothing." Sokrates
  • #984,968
  • Apr 27, 2015 9:20am Apr 27, 2015 9:20am
USD has gained on a fake recovery since eur/usd was well above 1.30. Lots of norms will be visited up there
EUR data is starting to come green now since eur has been cheap for a while. USD data coming red as consequence of a prolonged usd appreciation
  • #984,969
  • Apr 27, 2015 9:28am Apr 27, 2015 9:28am
Quoting Ken A
{quote} If you wait long enough - almost all levels will hit and as with everything else it works until it doesn't .........
True, but in this case s/he talked about a pattern, and there are rules that has to be respected to keep it valid.
((So IMO despising her/him post was not correct.))
f(z)=z2+c
  • #984,970
  • Apr 27, 2015 9:37am Apr 27, 2015 9:37am
Quoting mitrapips
GBPUSD close is very telling of what is to come. Other relevant pairs are also showing the sign.
Well it sure seems like 1.20 is coming. Grexit needs to work out though.
The price will go where it has to go.
  • #984,971
  • Apr 27, 2015 9:46am Apr 27, 2015 9:46am
Quoting mitrapips
{quote} Well it sure seems like 1.20 is coming. Grexit needs to work out though.

1.20? GBP or Eur?
  • #984,972
  • Apr 27, 2015 9:53am Apr 27, 2015 9:53am
Quoting 10cents
{quote} 1.20? GBP or Eur?
Depends on the flux of countries from the sinking ship called EU. GB enters EU, GBP goes to 1.20. Greece exits EU EUR goes to 1.2. Right now the latter seems more probable to me.
The price will go where it has to go.
  • #984,973
  • Apr 27, 2015 9:56am Apr 27, 2015 9:56am
Pulled up my daily chart and just realized that although buy volume since March 14 of 1.05 was quite high and with decent momentum, price never moved anywhere near 1.14 (previous high in Feb before the leg down). Looks like somebody is selling and capping Euro's gain.

If this pair hits anywhere near or above 1.1 without any higher volume than the previous move, it looks quite bad for the Euro. Anyone with opinions on the daily TF movement?
  • #984,974
  • Apr 27, 2015 9:58am Apr 27, 2015 9:58am
Quoting mitrapips
{quote} Depends on the flux of countries from the sinking ship called EU. GB enters EU, GBP goes to 1.20. Greece exits EU EUR goes to 1.2. Right now the latter seems more probable to me.
I honestly think EUR 1.20 near term is just too far off.

I even scared to hold big positions ahead of this coming FOMC.
  • #984,975
  • Apr 27, 2015 10:04am Apr 27, 2015 10:04am
Quoting 10cents
{quote} I honestly think EUR 1.20 near term is just too far off. I even scared to hold big positions ahead of this coming FOMC.
Look at the weekly/monthly charts and judge for yourself whether the base of the descending triangle that was broke at 1.20 needs to be tested or not and you will know our answer. This will be the only is so far the best opportunity for EUR to do so before it dives back into oblivion. How far up that move will be is anybody's guess.
The price will go where it has to go.
  • #984,976
  • Apr 27, 2015 10:06am Apr 27, 2015 10:06am
Quoting mitrapips
{quote} Look at the weekly/monthly charts and judge for yourself whether the base of the descending triangle that was broke at 1.20 needs to be tested or not and you will know our answer. This will be the only opportunity for EUR to do so before it dives back into oblivion. How far up that move will be is anybody's guess.

Thanks will look into the weekly, i don't normally zone into such high TF charts.

Currently i really see no strength on the Euro from the daily, in fact it looks kinda of weird Lol
  • #984,977
  • Apr 27, 2015 10:08am Apr 27, 2015 10:08am
1.227 can be where it is going technically, but i think QE will bring it down , soon anyway
  • #984,978
  • Apr 27, 2015 10:10am Apr 27, 2015 10:10am
for now 1.0915 will be touched soon ,
  • #984,979
  • Apr 27, 2015 10:13am Apr 27, 2015 10:13am
Quoting stryjek
for now 1.0915 will be touched soon ,

Actually not worth the R/R buying here now, unless you talking about 10 -20 pips scalps.
  • #984,980
  • Apr 27, 2015 10:15am Apr 27, 2015 10:15am
Money Printing Masks Illiquid Markets-

http://trendersgame.com/2015/04/27/m...iquid-markets/
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