EURUSD

Exciting week ahead for the EUR/USD.

Complicated charts

Yes indeed! Those are complicated charts for some eyes or minds or maybe everyone except me ; )- But other Trade Analyst can analyzed more complicated things than that.

But those complicated looking charts above with lines drawn on chart using MT4 diagonal and horizontal line tool are for posting only in order to see if there are possible upcoming trend line(s) or trend pattern(s) for a particular instrument (progression from D1 down to H1).

Below is my actual chart setup where I feel personally comfortable looking at for a possible trade entry. You or others might find this chart complicated like that panel box at the corner with numbers, arrows, angles, etc... those are complicated if you don't know yet what it does for other traders (TMS Angleator by GriffinsSoul). There is "0.0" (pipShow indi - new one) and that TDI digital clock (part of TMS Angleator), for some users who are just beginning to understand TDI or who wants to be reminded about a confluence of a clock face rule. I also have other personal templates almost similar to this one.

Now, I am making it too much complicated. So what's yours?

my outlook is bullish on eurusd, till FOMC statement

If someone wanna know:

At the moment eur/usd: 1.1238

Good Week for us Traders

Palpite good week.

I lowered my SL on shorts down to 1.12 70 . If E. manages to reach this level I don't want to be short.

Not that I believe on a long side scenario, but I ll respect this sign of strength IF it develops and wait and see where it stalls.
The market decides - We follow .

Yes, we just follow the market. I have my stop loss in 1.1260

Every Trader should now where the highest probabilities reside for any market they trade.

Outside of a Black Swan, or some kind of an News Event or Report, this will be the High and the Low of the EURUSD within the next 24-48 hours or so. As you requested. We'll come back later and see if it can get close to the projections:



I'm only doing this one time. So, pay attention.

Happy New Week; First EU Daily Forecast Analysis

Hi: 1.1300
Lo:1.1160

The pressure remains towards the downside, but with no clear sign of direction the pair is within the range.

Looks like a pretty clear sign to me:

Clarification, this was tagged and called in another thread before now: http://www.forexfactory.com/showthre...22#post9132522. It looked like this when first posted. Lower right corner of pic shows it was posted 6hrs before the above post:



I was explaining the concept of Accumulation and Distribution Phases to another member of the forum in a different thread.

Well, there might be another way to look at it. There are many thing going on in the market at all times, the question which event or set of events has precedence. Second, it is really difficult to consistently determine the Direction long enough to know about entry/exit decisions unless something is know about price behavior in time frames that are not being directly observed.

In this example, just to point out two (2) of many things taking place right now in the EURUSD, you can see this explicit H1 AB:CD pattern is well formed here:



Pretty basic. However, inside that AB:CD you also have a brand new XABCD Harmonic in its BC transition here:



That means that right now the EURUSD is exhibiting fairly standard Harmonic behavior. More will be known if and when it reaches Point C within the extended XABCD pattern now in progress.

One of the important keys to note (and there are many with these types of market events) is BC extension of the ABCD into XA leg of the XABCD. That extension took place between the 1.27 and 1.618 levels. That's a high probability coupled event that speaks to either a double bottom formation now under way before the CD leg gets under way:

Now, when I trade these, I like to do what I call a CD Intercept of the XABCD set. Most Traders who have studied Harmonics have been taught to wait until Point D to enter on the retracement. My approach is different. If the market is within a Harmonic phase and that phase holds, then Point D will come whether I like it or not. So, I "intercept" that move at Point C, creating the CD Intercept Entry:



It is a slight bit of outside the box thinking but when the market remains so-called "Harmonic," then use the CD Intercept to make two (2) trades against the pattern instead of waiting to make just one (1). The CD Intercept (in this case Long) followed by the Point D Short after the full "Harmonic" pattern has been completed.

I want the 61.8 CD Intercept, but I don't have to have it. A 38.2 or 50 CD Intercept works just as well and it depends on the strength of the most recent nearby B2I Structure and the location of its Fall Line. For information about that, you will have to read the early stages of this thread called "Funny Looking Rectangles and Useless Drivel": http://www.forexfactory.com/showthread.php?t=496501.

No idea on EUR .
EUR/CAD and EUR/AUD on ''buy the dip'' mode !

My Intraday View

-quietly day expected, I'll play range today, sell top-buy bottom staff ...but, who knows?!
- seems to go down but... 130 pips swing @1.1260 ...nothing's clear for this day/week
- H&S shaping up on H1, stand by! ...although it takes strong US data for such a drop!

There are three possible scenarios that i see for the EUR/USD.

First is a bullish run up to 1.1247 a 61.8 Fibonacci retracement;
The second is a range bound market between 1.1264 (upper band) and 1.1181 (lower end);
And finally the third scenario is a downward move to 1.1078 (23.l Fibonacci retracement).

But due to the lack of news today I suspect that scenario two (Range bound) is the best choice for today.