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EURUSD

  • #1,058,341
  • Feb 24, 2016 3:51am Feb 24, 2016 3:51am
last EU zone countries reports last week were not good, only thing that will save the EUR/USD bulls is UK announcing/reaffirming stay in EU...which may not (probably will not in my opinion) happen. US econ news not great, but always has a sliver of good mixed with bad, US econ is hella diversified. Last home sales news was strong even though many (most?) of those home buyers were cash buyers (Chinese investors probably, expanding their holdings to midwest and east). Many affluent towns in Southern California are/have been bought up by Chinese money converted to USD, I presume they are expanding their locations.
  • #1,058,342
  • Feb 24, 2016 3:55am Feb 24, 2016 3:55am
Quoting goldfinch
{quote} A bit too early. Your stop will have to be below 0959

I'm looking at a stop around 850 - 900.

0959 looks interesting, i have that area thereabout as a support of a longer term trendline. I was expecting 970-980 to be hit, so entry is still within my calculations.
  • #1,058,343
  • Feb 24, 2016 3:57am Feb 24, 2016 3:57am
do you know why i sold it frequently just under 51067...
because 51067 is the LL of september 2015...I wrote lots of things before about september Mount levels..
GL all.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.jpg Size: 624 KB
do not stand out in the open with gun ;stand in the bushes with knife..
  • #1,058,344
  • Feb 24, 2016 4:03am Feb 24, 2016 4:03am
Quoting countdown
do you know why i sold it frequently just under 51067... because 51067 is the LL of september 2015...I wrote lots of things before about september Mount levels.. GL all. {image}

I guess this guy bought some from you:

http://www.forexfactory.com/user954


I hope he didn't mirror those trades on his live account.
  • #1,058,345
  • Feb 24, 2016 4:05am Feb 24, 2016 4:05am
Quoting Marco-Kanto
{quote} You're either part of the problem, or part of the solution.
Attached Image
  • #1,058,346
  • Feb 24, 2016 4:07am Feb 24, 2016 4:07am
Quoting Z3iz3i
{quote} Eurjpy is biggest contributor for this drop. It has gone twice the trip compared eurusd from Jan 2016 - to this day. I suppose 1.1 stands for -+ 50 pips either way right now. EDIT: year number corrected
The yen is the obvious run to currency when things seem shaky in the euro,not to forget the swiss as well even gold is sky rocketing against the euro as we speak..
  • #1,058,347
  • Feb 24, 2016 4:08am Feb 24, 2016 4:08am
Quoting GoldNugget
{quote} The yen is the obvious run to currency when things seem shaky in the euro,not to forget the swiss as well even gold is sky rocketing against the euro as we speak..
semi normal EURUSD / USDJPY reverse correlations are out the window right now market is funky and unstable...$$$$$$$$$

GBPUSD slamming down can't be good for EURUSD
  • #1,058,348
  • Feb 24, 2016 4:09am Feb 24, 2016 4:09am
Gbp/cad whipped. wheres the bottom?
Edit: all gbp pairs whipped solid.
  • #1,058,349
  • Feb 24, 2016 4:11am Feb 24, 2016 4:11am
gu daily
there is still gap to move down
last night and now
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  • #1,058,350
  • Feb 24, 2016 4:13am Feb 24, 2016 4:13am
rather then some quite rare traders,thread is trading against fast running train
  • #1,058,351
  • Feb 24, 2016 4:14am Feb 24, 2016 4:14am
Quoting Pipologist
{quote} semi normal EURUSD / USDJPY reverse correlations are out the window right now market is funky and unstable...$$$$$$$$$ GBPUSD slamming down can't be good for EURUSD
The market is just panicking and its all a run to save haven assets if we are talking about the euro pairs..

we are one credit bubble pop away from 08 levels in the euro..
  • #1,058,352
  • Feb 24, 2016 4:15am Feb 24, 2016 4:15am
Quoting Don96
{quote} Max, do you ever short Dax? ive caught 30 this morning but closed early, got caught out twice in longs yesterday so recovered some today
Sometimes. But. Not today. Long from just above s3
  • #1,058,353
  • Feb 24, 2016 4:18am Feb 24, 2016 4:18am
for now EU currency is getting blasted...opening gap from a few days ago has been left behind only partially filled...I got tricked out of a short there and got whipped long then...they're not going back to that...yen should be weaker but EU is getting sold and JPY is repatriating so inverse correlations are off the table right now...unless we get a spike bounce up showing massive volume buys at a lower level, it may just go lower, consolidate, pick up small buyers, go lower, consolidate...etc...until we get a capitulation move down..fib .levels of 1.0850ish I thought could be hit last week are still in play.

H1 and H4 does not look buyer friendly unless you are trying to pick a bottom and nail it...but we all know how difficult that usually is.
  • #1,058,354
  • Feb 24, 2016 4:20am Feb 24, 2016 4:20am
Quoting MaxDoom
{quote} Sometimes. But. Not today. Long from just above s3
? got that at 9098, old position?
Don't be a hero. Don't have an ego. Always question yourself
  • #1,058,355
  • Feb 24, 2016 4:20am Feb 24, 2016 4:20am
Quoting vasily
rather then some quite rare traders,thread is trading against fast running train
I dont understand who in their right sense of mind would go buy the euro or the cable at this stage in time...
  • #1,058,356
  • Feb 24, 2016 4:21am Feb 24, 2016 4:21am
Quoting vasily
gu daily there is still gap to move down last night and now {image} {image}
Yep. The brakes on the GU train have been removed. What a slide
  • #1,058,357
  • Feb 24, 2016 4:22am Feb 24, 2016 4:22am
Quoting USD-Bear
{quote} ? got that at 9098, old position?
I got 9211. But not in front of the chart atm
  • #1,058,358
  • Feb 24, 2016 4:23am Feb 24, 2016 4:23am
Quoting MaxDoom
{quote} Sometimes. But. Not today. Long from just above s3
What is the number's S3 ?
  • #1,058,359
  • Feb 24, 2016 4:24am Feb 24, 2016 4:24am
Quoting MaxDoom
{quote} I got 9211. But not in front of the chart atm
strange, nothing on D/W/M here
Don't be a hero. Don't have an ego. Always question yourself
  • #1,058,360
  • Feb 24, 2016 4:30am Feb 24, 2016 4:30am
I would look for a buy at 62/72 depending on if stops there are run on both eurjpy and eurusd BUT NOT FLUSHED.

Then i am looking mirroring this trade up to 1.1050/60 where i see proper selling level.

Small timeframe/cycle dumb algos sold against the whole move in very near above critical level so i dont want see huge unloading from strong sellers.

This sell should have started way further up.

But lets see pair hits numbers.
They think they are smarter than I am.
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