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EURUSD

  • #987,401
  • May 7, 2015 12:43am May 7, 2015 12:43am
Quoting geektrader
{quote} Believe me, the banks that do stop squeezing right now dont care if you or anyone else thinks the market is "wrong". The market is NEVER rational, thats just a wrong hypothesis. The market ALWAYS builds bubbles that have nothing to do with the underlying fundamentals, thats just how humans are - irrational and greedy. They jump on that upmove, regardless if it fundamentally is completely wrong (which it IS), try to make money. That amplified the upmove, that again brings in more buyers which want to profit as well. It goes like that for...


i fully agree on the irrational theory, the market is always wrong, as long as you are not in the way of its wrong turn, you will make money.
  • #987,402
  • May 7, 2015 12:45am May 7, 2015 12:45am
Quoting geektrader
{quote} Believe me, the banks that do stop squeezing right now dont care if you or anyone else thinks the market is "wrong". The market is NEVER rational, thats just a wrong hypothesis. The market ALWAYS builds bubbles that have nothing to do with the underlying fundamentals, thats just how humans are - irrational and greedy. They jump on that upmove, regardless if it fundamentally is completely wrong (which it IS), try to make money. That amplified the upmove, that again brings in more buyers which want to profit as well. It goes like that for...
Agreed. You need not concern yourself with the price, but rather the value of the good traded. However, its extremely complex to predict the true value of EURUSD as its so extremely multifactorial. Like, can you estimate what percent of EUR is the whole Greek economy? What is the covariance of Greece GDP with EUR and so on. (these things have actual discrete values and the institutions are constantly recomputing these things). You can't do this. All you can do is gather news and make crude predictions how certain publicized news will affect pairs. So don't be disappointed if some "medium impact" news doesn't give you the result you expect.
  • #987,403
  • May 7, 2015 12:46am May 7, 2015 12:46am
About 1.18 is possible in this move. It is 38,2 fibo for the whole down move from 1.39xx do 1.04xx
Stop going for the easy buck
  • #987,404
  • May 7, 2015 12:47am May 7, 2015 12:47am
Quoting Matts Micro
Pre-drawn TL... easy pips this month. {image}
Looks like the BO is in effect, will it be enough to break through the daily resistance structure...

Also the Daily reversal that I mentioned around mid march is still a go, though we had a pullback it failed to reach a new LL.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd #74.png Size: 50 KB
As the lights go by so too do the shadows move
  • #987,405
  • May 7, 2015 12:47am May 7, 2015 12:47am
Quoting 10cents
This monster is going to 1.14 very soon. Support for this move at 310 - 340........ if it does get back to the support one more time, likelihood it will bounce up yet again. Seems like we are nearing the end of this move from April's low with a top of around 1.15 plus 100 pips spike allowance..........
looks like it is going to trigger some SL..
painful to watch
  • #987,406
  • May 7, 2015 12:50am May 7, 2015 12:50am
what you gonna do.. when it come for u.. ??
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB
  • #987,407
  • May 7, 2015 12:52am May 7, 2015 12:52am
Quoting HelloOz
what you gonna do.. when it come for u.. ?? {image}
Can you explain your chart?
  • #987,408
  • May 7, 2015 1:04am May 7, 2015 1:04am
Time to start Pump and Dump!
  • #987,409
  • May 7, 2015 1:11am May 7, 2015 1:11am
Quoting KzX
Time to start Pump and Dump!
go go go 1.145
  • #987,410
  • May 7, 2015 1:15am May 7, 2015 1:15am
Quoting HelloOz
what you gonna do.. when it come for u.. ?? {image}
Indeed getting interesting, correlation to my EU BO chart above suggests it could go...
Attached Image (click to enlarge)
Click to Enlarge Name: US500 #1.png Size: 66 KB
As the lights go by so too do the shadows move
  • #987,411
  • May 7, 2015 1:15am May 7, 2015 1:15am
This pair needs a 3-400 quick drop to clear the air...
Why sell the bottoms when you can buy the tops...
  • #987,412
  • May 7, 2015 1:18am May 7, 2015 1:18am
EURUSD abonacci analysis for today and tomorow
according to t4y template if the price rise above 1.1366 it will reach 1.1445

Attached Image (click to enlarge)
Click to Enlarge Name: t4y.jpg Size: 194 KB


and according to t594 we can have a good reversal area in 1.1556-1.1642

Attached Image (click to enlarge)
Click to Enlarge Name: t594.jpg Size: 214 KB


This is not a signal it's just another view to help a better understanding of market for today and tommorow
{sorry for my finglish}
  • #987,413
  • May 7, 2015 1:18am May 7, 2015 1:18am
Quoting pepsiez
{quote} go go go 1.145
GL with that...
  • #987,414
  • May 7, 2015 1:18am May 7, 2015 1:18am
Quoting 10cents
{quote} Yes pretty strange, this thing should be going down with all these bear news. It can't be moving up, the market is wrong.
it makes me feel that it supposes to going down, but smthing keep pushing up
  • #987,415
  • May 7, 2015 1:21am May 7, 2015 1:21am
Quoting JustAndy
This pair needs a 3-400 quick drop to clear the air...
Maybe....

http://i60.tinypic.com/4ilcvk.png

Its really hard to predict what will happen at the "???". The price might just bottom out for a quick 500 pips, brreaking that "resistance" depicted by the blue line, and then return back to its deep driving trend. You can't be sure. There big players which can cause a big fake out, generating a huge win for them. Its clear that EURUSD is on an uptrend. However, should it make a quick drop x 5-6 hundred pips, the market would be split. And that's when the big companies can make their bloody money. A quick one. Good luck, stay strong.
  • #987,416
  • May 7, 2015 1:23am May 7, 2015 1:23am
german data is not good. so your backbone is not generating more volumes in terms of orders. so even a weak euro last month is not helping. wonder what happens when euro appreciates
  • #987,417
  • May 7, 2015 1:27am May 7, 2015 1:27am
Quoting HelloOz
{quote} ke dukun mana mbak?
Quoting bladerogers
{quote} I don't know. awefully close to breaking that support. two more pips and I can see a bear run.
Quoting ill_be_back
{quote} Will BUY at the touch 1.1316
Quoting fxtyrant
{quote} you are closing just as EURUSD is about to retrace yesterday's up move..... im eyeing at possibly a close below 1.13 if that happens could be quite a bearish signal to sell
the top is near, the up-move will end soon. I'll be ready for bearish campaign.
Dangdut is a music of my country
  • #987,418
  • May 7, 2015 1:28am May 7, 2015 1:28am
smthing to share


The Euro
The Euro firmed as Greece successfully paid a €200 million interest payment to the IMF. The payment eases the threat of a default. The single currency was also supported by a stronger-than-forecast Services PMI out of Spain. The index rose to 60.3 from 57.3 in April and adds to signs that Spain's economic recovery is gaining momentum.

US Dollar
The US Dollar remained under pressure against the majority of its peers due to Tuesday's mixed data releases. According to the Washington-based Commerce Department, the US trade deficit widened by 43.1% in March to $51.4 billion. The figure was the largest since October 2008. Investors will now turn their attention to Wednesday's ADP jobs report and a speech due to be given by Federal Reserve chairperson Janet Yellen.
  • #987,419
  • May 7, 2015 1:29am May 7, 2015 1:29am
Quoting NuNix
{quote} {quote} {quote} {quote} the top is near, the up-move will end soon. I'll be ready for bearish campaign.
nfp will be the turning point
  • #987,420
  • May 7, 2015 1:29am May 7, 2015 1:29am
Quoting NuNix
{quote} {quote} {quote} {quote} the top is near, the up-move will end soon. I'll be ready for bearish campaign.
Don't hold your breath. There might be a dipdown which will destroy most short term traders, but the main trend is here to stay. The pig will be in the pen (pen is the blue box). Its just hard to say if it will fall or burrow into the pen.
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