EURUSD | Page 50673 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #1,013,441
  • Jul 27, 2015 4:23am Jul 27, 2015 4:23am
Quoting KiwiTrada
bulls are not done yet, is standard reaction to resistance, battle has only just begun and bulls have had upper hand all day so far
Sure. We could test 1039 before the next move up. (or lower if they want to shake off more fleas) 1.1100 was my daily topside target, so I'm not expecting an extension on the move today.
We've got a pretty pin on the 1 hour. So we could even go under the 1.100 if they really want to sweat people out who were late on the move.
  • #1,013,442
  • Jul 27, 2015 4:24am Jul 27, 2015 4:24am
Quoting Luther
{quote} My theory is simple. The market initiated the Euro long moments after the Philly FED release. USDJPY put in a top same time as the Euro bottom. This isn't about Germany, it's about dots. {quote}

what you say refers to other ... I could prove it with a little game:
take for example EURUSD, EURJPY and USDJPY
you give me two of these values (taken at the same time) ... and I'll tell you the exact value of the third currency of that time
(to prove that those are independent of data news)
The best thing that can happen to you is to find out where you're wrong.
  • #1,013,443
  • Jul 27, 2015 4:28am Jul 27, 2015 4:28am
Let the Long stop triggering begin!
Forex is a losers game.
  • #1,013,444
  • Jul 27, 2015 4:29am Jul 27, 2015 4:29am
Quoting Ken A
  • #1,013,445
  • Jul 27, 2015 4:31am Jul 27, 2015 4:31am
Quoting Kribstreet
just broken 1 min downtrend from 1.11 / 1.068...
Quoting Kribstreet
was a trap maybe just corrected back in downtrend seems bears are pushing again
try zooming out...
  • #1,013,446
  • Jul 27, 2015 4:35am Jul 27, 2015 4:35am
It will all come to a point on wed with the FED release a few voices a part from the leak of information don't think they will hike in September, seeing the economical global slowdown and US stocks risking to fall , EUR /USD could test again 1.14 if fed don't hike to then probably resume downtrend ,
all these banks and monetary policy divergence suggest a depreciation of the EUR in the long term but these guys are playing a nice House of Cards series 10 here
  • #1,013,447
  • Jul 27, 2015 4:36am Jul 27, 2015 4:36am
Quoting Driver55
{quote} what you say refers to other ... I could prove it with a little game: take for example EURUSD, EURJPY and USDJPY you give me two of these values (taken at the same time) ... and I'll tell you the exact value of the third currency of that time
EURJPY is weighted towards Euro price action at the moment with BOJ policy in limbo, so if you're comparing USDJPY and EURJPY the divergent price action leans toward Euro lead on EURJPY.

If we were Euro risk off, then EURJPY and USDJPY would be more correlated in how they strengthen. When USD is the lead the correlation between these pairs is weaker.
  • #1,013,448
  • Jul 27, 2015 4:36am Jul 27, 2015 4:36am
Quoting Kribstreet
It will all come to a point on wed with the FED release a few voices a part from the leak of information don't think they will hike in September, seeing the economical global slowdown and US stocks risking to fall , EUR /USD could test again 1.14 if fed don't hike to then probably resume downtrend , all these banks and monetary policy divergence suggest a depreciation of the EUR in the long term but these guys are playing a nice House of Cards series 10 here

" in time of great optimism is time to sell , in time of great pessimism is time to buy "
  • #1,013,449
  • Jul 27, 2015 4:42am Jul 27, 2015 4:42am
Quoting Luther
{quote} Sure. We could test 1039 before the next move up. (or lower if they want to shake off more fleas) 1.1100 was my daily topside target, so I'm not expecting an extension on the move today. We've got a pretty pin on the 1 hour. So we could even go under the 1.100 if they really want to sweat people out who were late on the move.
your pin has a leg, so of weakens it a bit, but yeah the pin structurse could come into HLOC etc on daily there is falling tl, which this little play in progress has pierced tapped 50sma and now retesting the tl from above 1059ish, not a pattern I would trade but well worth an eyeball
If you are new to Forex? Say Goodbye to your account!!
  • #1,013,450
  • Jul 27, 2015 4:44am Jul 27, 2015 4:44am
Quoting Luther
{quote} EURJPY is weighted towards Euro price action at the moment with BOJ policy in limbo, so if you're comparing USDJPY and EURJPY the divergent price action leans toward Euro lead on that pair. If we were Euro risk off, then EURJPY and USDJPY would be more correlated in how they strengthen. When USD is the lead the correlation between these pairs is weaker.
Sorry ... I have another opinion .... they are perfectly aligned
The best thing that can happen to you is to find out where you're wrong.
  • #1,013,451
  • Jul 27, 2015 4:48am Jul 27, 2015 4:48am
Thanks max , it was actually indeed a buy signal by now , bulls are not done IMHO .
IEURX firmly above Daily downtrend , I am a bull by nature still have to learn to be a bear .
Appreciate any advice form anyone , I believe we all can learn from each other
green to everyone or Blue the way you like it
  • #1,013,452
  • Jul 27, 2015 4:55am Jul 27, 2015 4:55am
Quoting MaxDoom
{quote} {quote} try zooming out...
Did you keep your longs open for 1.17~1.18 or do you keep reloading? I guess your analysis is still valid...
  • #1,013,453
  • Jul 27, 2015 4:56am Jul 27, 2015 4:56am
Another short possible at 1.1146
  • #1,013,454
  • Jul 27, 2015 4:57am Jul 27, 2015 4:57am
Quoting Kribstreet
Thanks max , it was actually indeed a buy signal by now , bulls are not done IMHO . IEURX firmly above Daily downtrend , I am a bull by nature still have to learn to be a bear . Appreciate any advice form anyone , I believe we all can learn from each other green to everyone or Blue the way you like it
I see you are new to the game.... I would suggest that you need to decide what your focus is.... you talk about long term indicators and daily downtrend and in the same breath about 1 minute trends.... find the trading that suits your style, 1 minute focus is all about a few pips as the signals will be many in and out. hourly may give you one or two trades a day, daily one a week etc... each with an increasing risk and reward. but no matter what you do, don't sit on those large losses again your draw down has been terrible, when you enter a trade it should be because of a reason... and you should exit if the reason is proven wrong sitting on hundreds of pips DD suggests you have hung on way beyond your valid reason for taking the trade in the first place.

regards
  • #1,013,455
  • Jul 27, 2015 4:59am Jul 27, 2015 4:59am
Quoting gatorinla
{quote} your level is working atm.. i bet against 0964 giving it up, it cost me a bunch of float and -6, +2.. your level is below 1122/44 (norm).. hats off to you if it holds. atm seeing if closed 1086.. first h failed, next is a 4h
alarms woke me up early

1104 was the lm of the norm I have for 1144, 1144 being the mid. GBP did the same last week....didn't quite make the entry (5459), and I got stopped on the spike for a +20....I thought about putting it right below 38.2 isntead

I wanted 1144, 1080 was/is a smaller one if you don't already have it on your charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled1.png Size: 17 KB
Click to Enlarge Name: Untitled.png Size: 10 KB
  • #1,013,456
  • Jul 27, 2015 5:01am Jul 27, 2015 5:01am
Quoting ExForX
{quote} Did you keep your longs open for 1.17~1.18 or do you keep reloading? I guess your analysis is still valid...
i came out at 84 after it dipped below R3 then failed to rally above.

analysis still valid it is trying to clear R3 having found support @ Weekly R1, I will re-enter on a break
Attached Image
  • #1,013,457
  • Jul 27, 2015 5:01am Jul 27, 2015 5:01am
Quoting MaxDoom
{quote} I see you are new to the game.... I would suggest that you need to decide what your focus is.... you talk about long term indicators and daily downtrend and in the same breath about 1 minute trends.... find the trading that suits your style, 1 minute focus is all about a few pips as the signals will be many in and out. hourly may give you one or two trades a day, daily one a week etc... each with an increasing risk and reward. but no matter what you do, don't sit on those large losses again your draw down has been terrible, when you enter...
Maybe new username .............
  • #1,013,458
  • Jul 27, 2015 5:03am Jul 27, 2015 5:03am
Quoting Ken A
{quote} Maybe new username .............
always a possibility, but in this case I think not, but your detector has always been better than mine
  • #1,013,459
  • Edited 6:12am Jul 27, 2015 5:06am | Edited 6:12am
Quoting Driver55
{quote} Sorry ... I have another opinion .... they are perfectly aligned
A lot depends on what's relevant for your trades. My trades are closed for the day and I start again tomorrow. For someone working higher time frames, different correlations come into play. In that respect I see what you're looking at in terms of larger overall directional swings and USDJPY/ EURJPY correlation.

When Kuroda first initiated QE, Yen price correlation was stronger in terms of market direction. When Euro policy took the lead, Euro based pairs have the stronger correlation, etc. Even though it's a weighted basket between 3 pairs, there are divergences based on what's leading the market at any given time, so the third pair that has the weakest price drivers following the first and second pair's PA, even though they are all perfectly balanced in terms of valuation to each other.
  • #1,013,460
  • Jul 27, 2015 5:07am Jul 27, 2015 5:07am
15m i starting to look interesting... 60 region seems to be holding on both the 4hr and the 1hrly. but a break of this should see us retesting the 40 region again. let's see how it goes. stay safe all.
There is no royal road to anything.
130 traders viewing now