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EURUSD

  • #1,011,181
  • Jul 19, 2015 3:32pm Jul 19, 2015 3:32pm
Quoting Pharm0r
{quote} Starting to miss you around here. Would you happen to have a chart of the US QE agasint DXY values? I seem to remember you posted one before
is this chart of long time ago ok?
Attached Image (click to enlarge)
Click to Enlarge Name: DXY_485.png Size: 69 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #1,011,182
  • Jul 19, 2015 3:37pm Jul 19, 2015 3:37pm
Question: If the US Fed would do a rate Hike in September, what Impact would that have on EUR/USD? Up or Down?
Forex is a losers game.
  • #1,011,183
  • Jul 19, 2015 4:07pm Jul 19, 2015 4:07pm
Found it, most likely it means EUR/USD down:

" Generally, higher interest rates increase the value of a given country's currency. "

http://www.investopedia.com/ask/answ...hange-rate.asp

could press EURUSD close to parity
Forex is a losers game.
  • #1,011,184
  • Jul 19, 2015 4:29pm Jul 19, 2015 4:29pm
Quoting pedro319
EURUSD We had AB=CD H4 right at .5 Ret D1, so that is not to be ignored and as long we stay below the yellow circle the way is down, apart from that still pretty much in a range and without breakout chances are limited to marry positions with usual targets estimation method . Market still managed to close week below MPP, I will be using the levels marked on the chart and align them with pivots from Monthly to Daily for added confluence. If we get acceleration down the first target will be .618 Minor extension ABCD D1 at 1.0892. H4 and D1 charts...
EURUSD
Part II

Fundamental:
Situation in Greece becoming very interesting atm with some of the Ministers resigning over a deal that is clearly very political, Tsipras asks Syriza party members to forget Ideology as for now and focus on getting the bailout money, this could lead to anticipated elections although many specialists say that Tsipras popularity is increasing for his ability to make consensus (pleasing Greeks and Trojans) and keeping things going, as for now Grexit not so likely but impact of tough austerity measures not looking so good at least in the short term.
On the other hand U.S Dollar seems to gain momentum after Federal Reserve Chair Yellen said that interest rate hike bets still on for this year and could happen as early as September.

Technical:
Market is approaching critical support 1.0815 and if broken then surely will make sense to talk about harmonic completion of AB=CD D1 at 1.0705
Recall that 1.0815 invalidation point for move to 1.18 in the current swing, like I said before, it doesn't mean that we won't see that level but for that price will have to create new swing, the way this could happen is for eg. market washes this lows out, completes harmonic extensions AB=CD and then moves up fast. This is still too early and I think there will be time to spot candlestick pattern or harmonic pattern H1 confluence + MACD divergence, pivots H4 and H1 with whichever mentioned levels market chooses.
What we can see atm is that the speed of CD leg is rather fast and usually we get a bounce at .618 minor extension which didn't happen, also price managed to close week below MS1.
I will be looking for resistance at 1.0976 to add short position.

Monthly. Bullish engulfing pattern still valid
Weekly: Close below Yearly S2 at 1.0832
Daily: AB=CD 1.618 Ext at 1.0705 + WS1 and 1.27 Ext Bfly Buy below.

Daily charts attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Bfly Buy D1.png Size: 50 KB
Click to Enlarge Name: eurusd d1 abcd.png Size: 46 KB
We watch the charts from every angle so you don't have to!!
  • #1,011,185
  • Jul 19, 2015 4:37pm Jul 19, 2015 4:37pm
Quoting srt
{quote} {image}
I dont think there have been many "screaming" anything, however some have clearly stuck with their own bias, looking @ daily for the last 25 weeks she has been trending east albeit in a compression triangle, both bull and bear have been correct and equally incorrect, its called a bouncing market,

Those with patience who have traded the triangle hi / lows Im thinking will be quite pleased, those gunslinger trading within that zone both bull and bear will most likely be feeling some pain, scalper may have done ok depends how good one is at it,
Im thinking the ones hurting the most are the one setting bigger targets / numbers outside the triangle

Personally Im thinking she is testing the lows, or ltl of the above triangle, so the battle begins BO or break thru, and until she breaks thru I will trade for another bounce
If you are new to Forex? Say Goodbye to your account!!
  • #1,011,186
  • Jul 19, 2015 4:43pm Jul 19, 2015 4:43pm
daily fx has some merkel talk pro and bad about Greee deal
those who can, do. those who cant, talk about those who can
  • #1,011,187
  • Jul 19, 2015 5:02pm Jul 19, 2015 5:02pm
Quoting pedro319
{quote} EURUSD Part II Fundamental: Situation in Greece becoming very interesting atm with some of the Ministers resigning over a deal that is clearly very political, Tsipras asks Syriza party members to forget Ideology as for now and focus on getting the bailout money, this could lead to anticipated elections although many specialists say that Tsipras popularity is increasing for his ability to make consensus (pleasing Greeks and Trojans) and keeping things going, as for now Grexit not so likely but impact of tough austerity measures not looking...
nice analysis, nice timeframes charts missing a few candles, B engulfing is april candle right? also like gartley targets or D incidentally you have D level @ 0731 do you have projections if achieved?
If you are new to Forex? Say Goodbye to your account!!
  • #1,011,188
  • Jul 19, 2015 5:06pm Jul 19, 2015 5:06pm
Quoting gatorinla
daily fx has some merkel talk pro and bad about Greee deal
looks going 875/884
  • #1,011,189
  • Jul 19, 2015 5:15pm Jul 19, 2015 5:15pm
Never underestimate this pair..Long 1.0840
  • #1,011,190
  • Jul 19, 2015 5:15pm Jul 19, 2015 5:15pm
#EURUSD $GBPUSD
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OldSchool
  • #1,011,191
  • Jul 19, 2015 5:19pm Jul 19, 2015 5:19pm
Hi guys. Are you selling that UJ? Imo perfect RR now with stops above 124,5. Japanese pension funds aint limitless and Nikkei kinda deserves to drop. Yes, it should have dropped long time ago and Abe san is doing all he can to prevent it. Also PBOC ban of short selling is possibly holding Asian markets up and should they intervene more, trade can get screwed. On the other hand: RR .
GL this week, T
"I know one thing, that I know nothing." Sokrates
  • #1,011,192
  • Jul 19, 2015 5:28pm Jul 19, 2015 5:28pm
ive got shorts below 09 stops right on 09
  • #1,011,193
  • Jul 19, 2015 5:34pm Jul 19, 2015 5:34pm
Quoting Tom_D_Trader
Hi guys. Are you selling that UJ? Imo perfect RR now with stops above 124,5. Japanese pension funds aint limitless and Nikkei kinda deserves to drop. Yes, it should have dropped long time ago and Abe san is doing all he can to prevent it. Also PBOC ban of short selling is possibly holding Asian markets up and should they intervene more, trade can get screwed. On the other hand: RR . GL this week, T
I have a pending UJ Sell at 124.42

Looking for a TP around 123.
  • #1,011,194
  • Edited 6:24pm Jul 19, 2015 6:08pm | Edited 6:24pm
Quoting egkid
{quote} looks going 875/884
0786 projection is since late april. 0757 is the longer leg.. getting below 0774 with larger closes is further bearish on a 1/4q tf. 0964 is still bigger and it closed below last week. it closed below 1453 the last 2 1/4's, and below 1209 last month.. so next up for me is to beat and close -1.0474... so a final bounce to 0964 or even 1112 cant be underestimated. either way the evidence on the larger tf are bearish. the path is fitting the one to 0.8620. the last 14 months (since 1.3993, actual chart 1.1366) its contained to levels. the 3/4 one to 0.8620 is .0474/77 depending on broker, with 1.1453 as the higher level with 0964 in the middle.
those who can, do. those who cant, talk about those who can
  • #1,011,195
  • Jul 19, 2015 6:37pm Jul 19, 2015 6:37pm
more happy times...http://www.economist.com/blogs/graph.../ed/pollsapart
those who can, do. those who cant, talk about those who can
  • #1,011,196
  • Edited 7:11pm Jul 19, 2015 7:00pm | Edited 7:11pm
Quoting gatorinla
more happy times...http://www.economist.com/blogs/graph.../ed/pollsapart
Ha! Did you see Poland's answer to the question of which country is the most and least trustworthy?

"Most trustworthy": Germany
"Least trustworthy": Germany



Oh, just noticed... and even funnier. What does France think about arrogance?

"Most arrogant": France
"Least arrogant": France

  • #1,011,197
  • Jul 19, 2015 7:23pm Jul 19, 2015 7:23pm
Quoting gatorinla
more happy times...http://www.economist.com/blogs/graph.../ed/pollsapart
wow, imf truth.. http://www.economist.com/news/leader...painwithoutend
those who can, do. those who cant, talk about those who can
  • #1,011,198
  • Jul 19, 2015 7:26pm Jul 19, 2015 7:26pm
Quoting Ratmach
{quote} Ha! Did you see Poland's answer to the question of which country is the most and least trustworthy? "Most trustworthy": Germany "Least trustworthy": Germany Oh, just noticed... and even funnier. What does France think about arrogance? "Most arrogant": France "Least arrogant": France
history
those who can, do. those who cant, talk about those who can
  • #1,011,199
  • Jul 19, 2015 7:29pm Jul 19, 2015 7:29pm
Quoting gatorinla
{quote} 0786 projection is since late april. 0757 is the longer leg.. getting below 0774 with larger closes is further bearish on a 1/4q tf. 0964 is still bigger and it closed below last week. it closed below 1453 the last 2 1/4's, and below 1209 last month.. so next up for me is to beat and close -1.0474... so a final bounce to 0964 or even 1112 cant be underestimated. either way the evidence on the larger tf are bearish. the path is fitting the one to 0.8620. the last 14 months (since 1.3993, actual chart 1.1366) its contained to levels. the 3/4...
0820 should stop the fall for the time being today. 0870 or 0900 should see sellers.
Intraday only.
  • #1,011,200
  • Jul 19, 2015 7:38pm Jul 19, 2015 7:38pm
Quoting navk
{quote} 0820 should stop the fall for the time being today. 0870 or 0900 should see sellers.
using what stop for 0820?
those who can, do. those who cant, talk about those who can
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