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  • #1,030,861
  • Oct 9, 2015 6:25am Oct 9, 2015 6:25am
Quoting cat
The Daily chart has been narrowing into what is now a fairly tight apex, and I think some real dollar weakness could well be about to break. Any thoughts?
Taken from this thread Oct 1st, just to show that I haven't jumped onto a strong euro push with my views to acquire some brownie points.
  • #1,030,862
  • Oct 9, 2015 6:26am Oct 9, 2015 6:26am
Quoting cat
{quote} Bearish is the very last word I'd use for describing this pair right now. Unless you are taking an extremely long view,ie, quarterly, the momentum is now with the Bulls.
Agree we might actually finally head up to the 38.2 of the massive move down 1.18 if we get over the 1.1460 level

The hike is gone and ECB not so sure about more QE

let's wait and see
  • #1,030,863
  • Oct 9, 2015 6:26am Oct 9, 2015 6:26am
Quoting cat
{quote} Bearish is the very last word I'd use for describing this pair right now. Unless you are taking an extremely long view,ie, quarterly, the momentum is now with the Bulls.
st
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 30 KB
  • #1,030,864
  • Oct 9, 2015 6:27am Oct 9, 2015 6:27am
Quoting KiNgEdwarD
{quote} you know why,he's short on it !
That's usually the case, though I hope not for his sake.
  • #1,030,865
  • Oct 9, 2015 6:27am Oct 9, 2015 6:27am
Quoting cat
{quote} why?
well...if you look at the weekly chart excluding the Bullish wave of the chinese bear stock market you will find a strong resistance between 1.14 and 1.15
during the chinese stock market 40 percent drop ...the Chinese government was selling usd treasuries and moving funds to EURO hence the buying of the EUR and selling USD...hence the jump...
so let us not consider that wave from the chart.

Today is thin trading FRIDAY
I believe the top is around 1.1375 today but of course I have been wrong so many many times.
  • #1,030,866
  • Edited 6:39am Oct 9, 2015 6:27am | Edited 6:39am
Quoting cat
{quote} Bearish is the very last word I'd use for describing this pair right now. Unless you are taking an extremely long view,ie, quarterly, the momentum is now with the Bulls.
Currently it is bearish on weekly chart. It will only be considered bullish after it makes a weekly close significantly above 1.133 i.e. 1.14
That is why I am currently flat and not entering any trades. This week close will decide where its heading next week!
  • #1,030,867
  • Oct 9, 2015 6:27am Oct 9, 2015 6:27am
Quoting brokerbear
{quote} thanks for your reply ! any chance that pair is going down any time soon ? Im in long but with this crazy rally up Im thinking of staying in over the weekend and see how it plays out next week ...
wow, no idea, you will have to ask the big gurus ... but technically the down trend on daily is in danger, so why not keep long on Aussie and lock in profit?
Fix up, trade sharp ...
  • #1,030,868
  • Oct 9, 2015 6:30am Oct 9, 2015 6:30am
A wild bear appear on m15
  • #1,030,869
  • Oct 9, 2015 6:30am Oct 9, 2015 6:30am
Monday is USD Holiday ???
  • #1,030,870
  • Oct 9, 2015 6:34am Oct 9, 2015 6:34am
yes !!!111
  • #1,030,871
  • Oct 9, 2015 6:38am Oct 9, 2015 6:38am
Quoting rk00
A wild bear appear on m15
where is the wild bear is not retracing even 23.6 of each move there are wild bulls here
  • #1,030,872
  • Oct 9, 2015 6:38am Oct 9, 2015 6:38am
Quoting Nabz
{quote} Currently it is bearish on weekly chart. It will only be considered bullish after it makes a weekly close significantly above 1.133 i.e. 1.14
Personally, I think the Weekly chart is of little use to us day traders, Daily or two daily combined with the smaller time frames will give a much more accurate picture of where momentum lies for traders trying to make money on an intra-day basis.
  • #1,030,873
  • Oct 9, 2015 6:38am Oct 9, 2015 6:38am
Attached Image (click to enlarge)
Click to Enlarge Name: 10 9 20015 eur usd daily.PNG Size: 34 KB
  • #1,030,874
  • Oct 9, 2015 6:39am Oct 9, 2015 6:39am
buy usd sell cad
1.2920
bullish deep crab
And falling's just another way to fly...
  • #1,030,875
  • Oct 9, 2015 6:40am Oct 9, 2015 6:40am
Quoting andexQ
Anyone dare to short Oil now ?

Attached Image
  • #1,030,876
  • Oct 9, 2015 6:41am Oct 9, 2015 6:41am
Here's a shot of my 2 day chart. The yellow horizontal line id the 61.8% fib, and the orange is the 76.4%. Either of these could act as resistance. Key for me is the 100sma which has now got underneath the price. From this chart you can see that a target of 1,1870 is not unrealistic in the weeks ahead.
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  • #1,030,877
  • Oct 9, 2015 6:47am Oct 9, 2015 6:47am
Quoting cat
{quote} Personally, I think the Weekly chart is of little use to us day traders, Daily or two daily combined with the smaller time frames will give a much more accurate picture of where momentum lies for traders trying to make money on an intra-day basis.
I am a day trader and both weekly and monthly charts are very important for me. Actually I don't see anything below 1HR. I have 5 time frames open per pair 1HR, 4HR, 1D, 1W, 1Month. Anything below 1HR is distraction for me.
  • #1,030,878
  • Oct 9, 2015 6:48am Oct 9, 2015 6:48am
Starting from this week closing the week to the highest point is a plus point for bull.
Bear must defend 1450 gate
You cannot learn better without losing
  • #1,030,879
  • Oct 9, 2015 6:50am Oct 9, 2015 6:50am
Quoting Kribstreet
{quote} where is the wild bear is not retracing even 23.6 of each move there are wild bulls here
He feels lonely and waits for NY friends.
  • #1,030,880
  • Oct 9, 2015 6:51am Oct 9, 2015 6:51am
Quoting Nabz
{quote} I am a day trader and both weekly and monthly charts are very important for me. Actually I don't see anything below 1HR. I have 5 time frames open per pair 1HR, 4HR, 1D, 1W, 1Month. Anything below 1HR is distraction for me.
Which is why you and I differ I guess, as I trade off of a 10 second chart and don't bother with anything higher than 1 hour for my key S&R levels for the day, occasionally H4.
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