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  • #1,030,881
  • Oct 9, 2015 6:52am Oct 9, 2015 6:52am
Quoting cat
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. {image}
Lets say it makes a weekly closes at 1.139 today. In that case 1.19 is certainly reachable as per my technicals. But if it closes below 1.13, then its a very bearish signal and we will see 1.11 next.
  • #1,030,882
  • Oct 9, 2015 6:53am Oct 9, 2015 6:53am
I think 1.1495 is the target now and then we'll go back to 1.1015 before reaching 1.20
  • #1,030,883
  • Oct 9, 2015 6:56am Oct 9, 2015 6:56am
Quoting cat
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. {image}
I agree not unrealistic at all but I think main thing first is to get over 1.1460 area and 1.1530 then the door to 1.17 1.18 will be open and many buy order will kick in so it shall be a santa rally as Max likes to define it
  • #1,030,884
  • Oct 9, 2015 6:58am Oct 9, 2015 6:58am
Quoting davood13
buy usd sell cad 1.2920 bullish deep crab

unemployment claims at 13:30

let's see how that goes its now 8 session of bears and according to Gann we should be done with the Pull back
But the oil is not going down so not sure ... let's wait the fundamentals in half an hour
  • #1,030,885
  • Oct 9, 2015 6:58am Oct 9, 2015 6:58am
Quoting andexQ
{quote} LOL, what does it mean ?
in the 1980ties. the soviets went broke, courtesy of the Saudis not wanting them in the m.e. the less income the Russians had, made them less likely to stay in Afghanistan. so the Saudi's pumped heavier to lower oil prices. the ex-soviets have an ax to grind. the Saudis and others, have many wanting what they have surrounding them. not only the oil. they can hurt Russia, isis and Iran by dropping oil. it hurts the Saudis also. but its worked in the past. whats the other choices? one choice is getting on a jet and let their people fend for themselves. why leave w/o trying to use the lower oil tool?

in the past they have had u.s. support in defending them. after 19 Saudis flying jets into u.s. buildings (funded by Saudis elite). and the support the Saudis gave after, by allowing oil to reach 147 pb. in the present with trump calling it what it really was. i dont know if that support is as strong today as in the 1980 ties. if this is a u.s. friend, who needs enemies. regardless higher oil prices funding saudi enemies. make those enemies stronger. just thinking out loud.
those who can, do. those who cant, talk about those who can
  • #1,030,886
  • Oct 9, 2015 7:00am Oct 9, 2015 7:00am
Quoting Nabz
{quote} Lets say it makes a weekly closes at 1.139 today. In that case 1.19 is certainly reachable as per my technicals. But if it closes below 1.13, then its a very bearish signal and we will see 1.11 next.
By saying if it closes here it'll do this, and if it doesn't it'll do that, You're putting levels onto the market that it neither knows nor cares about. They are levels that exist in your head, nowhere else. We could find resistance anywhere today, or we can continue to blast upwards, but as to where we close today is completely irrelevant. EUR is bullish atm, we can see that from our charts, and until that changes, that's the way it's going to stay. There is absolutely no rationale for this falling back to 1.11 any time soon, except in your own head.
  • #1,030,887
  • Oct 9, 2015 7:08am Oct 9, 2015 7:08am
Quoting Kribstreet
{quote} unemployment claims at 13:30 let's see how that goes its now 8 session of bears and according to Gann we should be done with the Pull back But the oil is not going down so not sure ... let's wait the fundamentals in half an hour
how idiot i am
i thought unemployment claims at 13:00
i long usdcad too early
And falling's just another way to fly...
  • #1,030,888
  • Oct 9, 2015 7:11am Oct 9, 2015 7:11am
Quoting davood13
{quote} how idiot i am i thought unemployment claims at 13:00 i long usdcad too early
its ok if you did it at 1.1292 put a BE stop now a bit above or exit and wait
  • #1,030,889
  • Oct 9, 2015 7:11am Oct 9, 2015 7:11am
Quoting cat
{quote} By saying if it closes here it'll do this, and if it doesn't it'll do that, You're putting levels onto the market that it neither knows nor cares about. They are levels that exist in your head, nowhere else. We could find resistance anywhere today, or we can continue to blast upwards, but as to where we close today is completely irrelevant. EUR is bullish atm, we can see that from our charts, and until that changes, that's the way it's going to stay. There is absolutely no rationale for this falling back to 1.11 any time soon, except in...
They are not just in my head, but in all big boys head. Most people here don't even know why EURUSD is in such close range for past few weeks. Its constantly trying to close above the barrier defined by an indicator, this is the 5th attempt on weekly chart to breach that barrier, last 4 tries failed miserably and it closed below the barrier.
  • #1,030,890
  • Oct 9, 2015 7:11am Oct 9, 2015 7:11am
Quoting rjngh2005
{quote} well...my thoughts are that a lot of companies have scaled back with drilling oil in USA North Dakota is seeing ghost towns becz they built a lot of houses expecting the oil boom of $100 The King of Saudi Arabia has made his move and I guess we are in for a ranging market as far as oil is concerned with the market ranging from 45 - 55 The above is just guess work...I am just a trader of EU like most of you but i read a lot on various topics
someone will move back in. buy the houses cheaper. buy the drilling equipment cheaper along with the leases. work force will take a cut. and the new buyer can make money with oil at a lower price, with lower drilling cost.. if he cant, he will go bust as will the others mentioned. than someone else will step in and try the same and so forth. its the circle of life.
those who can, do. those who cant, talk about those who can
  • #1,030,891
  • Oct 9, 2015 7:14am Oct 9, 2015 7:14am
Quoting gatorinla
{quote} someone will move back in. buy the houses cheaper. buy the drilling equipment cheaper along with the leases. work force will take a cut. and the new buyer can make money with oil at a lower price, with lower drilling cost.. if he cant, he will go bust as will the others mentioned. than someone else will step in and try the same and so forth. its the circle of life.
correct, as the cycle goes on...
  • #1,030,892
  • Oct 9, 2015 7:15am Oct 9, 2015 7:15am
Quoting davood13
{quote} how idiot i am i thought unemployment claims at 13:00 i long usdcad too early
Look at those it's oil price the main driver of UC price action in past days
Attached Image (click to enlarge)
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  • #1,030,893
  • Oct 9, 2015 7:15am Oct 9, 2015 7:15am
Quoting gatorinla
{quote} in the 1980ties. the soviets went broke, courtesy of the Saudis not wanting them in the m.e. the less income the Russians had, made them less likely to stay in Afghanistan. so the Saudi's pumped heavier to lower oil prices. the ex-soviets have an ax to grind. the Saudis and others, have many wanting what they have surrounding them. not only the oil. they can hurt Russia, isis and Iran by dropping oil. it hurts the Saudis also. but its worked in the past. whats the other choices? one choice is getting on a jet and let their people fend for...

Excellent..
  • #1,030,894
  • Oct 9, 2015 7:20am Oct 9, 2015 7:20am
Quoting Nabz
{quote} They are not just in my head, but in all big boys head. Most people here don't even know why EURUSD is in such close range for past few weeks. Its constantly trying to close above the barrier defined by an indicator, this is the 5th attempt on weekly chart to breach that barrier, last 4 tries failed miserably and it closed below the barrier.
Okay, so a close below 1.3 today and in your own words, we will see 1.1 next - I'll hold you to that, and by the way, it's probably unwise to use ' Will/won't', when referring to the markets, because they have a habit of confounding such certainty. Better to use may/might/might not etc to avoid getting egg on your face - it's what I've found anyway
  • #1,030,895
  • Oct 9, 2015 7:21am Oct 9, 2015 7:21am
This is going higher to at least 1.1415 then this will fall hard, be careful.
This is based on a dream I saw.
  • #1,030,896
  • Oct 9, 2015 7:23am Oct 9, 2015 7:23am
Quoting cat
{quote} Okay, so a close below 1.3 today and in your own words, we will see 1.1 next - I'll hold you to that, and by the way, it's probably unwise to use ' Will/won't', when referring to the markets, because they have a habit of confounding such certainty. Better to use may/might/might not etc to avoid getting egg on your face - it's what I've found anyway
That's why I said "most probably" when I first made that statement. Nothing is definite in financial markets.
  • #1,030,897
  • Oct 9, 2015 7:23am Oct 9, 2015 7:23am
Quoting Kribstreet
{quote} Look at those it's oil price the main driver of UC price action in past days {image}
wow ! your chart is too busy and hard to read
And falling's just another way to fly...
  • #1,030,898
  • Oct 9, 2015 7:23am Oct 9, 2015 7:23am
Quoting Vorex
This is going higher to at least 1.1415 then this will fall hard, be careful. This is based on a dream I saw.
  • #1,030,899
  • Oct 9, 2015 7:25am Oct 9, 2015 7:25am
Quoting Vorex
This is going higher to at least 1.1415 then this will fall hard, be careful. This is based on a dream I saw.
I just hope you're being sarcastic
  • #1,030,900
  • Oct 9, 2015 7:27am Oct 9, 2015 7:27am
Quoting andexQ
{quote} Excellent..
Inserted Video
those who can, do. those who cant, talk about those who can
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