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07-15-2010, 01:14 PM #42061
07-15-2010, 01:20 PM #42062
Euro May Overshoot IHS Price Projection
Euro May Overshoot Inverted Head and Shoulders Price Projection - The 261.8% extension target could see the Euro roll up to the 13489 area as it moves up to the 1.3000 handle. SSI indicates that retail traders are trying to pick a top in the Euro.
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07-15-2010, 01:59 PM #42063
EURUSD 300 min
starting to get nose bleed
07-15-2010, 02:33 PM #42064
Research Correlation with E/U: Case E/G
Recently, I have been researching correlation of the other currencies with E/U to simulate my porfolio - Money Management
Originally Posted by Gregory McLeod
Last edited by dhan1163; 07-15-2010 at 02:54 PM.
07-15-2010, 02:54 PM #42065
I have been playing around with an idea over the world cup games which i have to say has been extremely profitable.
Combined with other or lets say one other indicator that i have only found on Tradestation.
P.S its a stolen idea but personalized to work with a common everyday trader if you would like me to share skype me if you have trade station even better coz i have not fully tried it on normal acc with the chart packages it comes with.
P.S2 i would like to share so i can learn from you to improve on it hehe
FAITH is Believing what you Dont SEE The REWARD of FAITH is Seing What you BELIEVE
07-15-2010, 03:18 PM #42066
eur/gbp correlation is around .80
Originally Posted by dhan1163
eur/jpy correlation is higher at around .94
gbp/usd correlation is around .92
usd/chf has the highest negative of -0.92
pairs' volatility/velocity are different. don't trade eurgbp so don't know how it moves but do trade eurjpy and it trades more vigorously than eurusd.
for 1 pip eurusd move eurjpy may move 2-3 pips normally and 10+ pips in a volatile condition.
Last edited by analyzer; 07-15-2010 at 03:32 PM.
07-15-2010, 03:19 PM #42067
EUR/JPY Chart Patterns
How would you prioritize these 4 chart patterns on the EUR/JPY 4-hour chart for decision making purposes?
I would think the Ascending Triangle is the one to watch the most, if it breaks lower, then trade the 500-pip Horizontal Range with a short trade? If it breaks up, then trade the sloping channel with a long up to the upper channel resistance?
Is the larger horizontal range too large scale to range trade from?
Also, notice how the price action "bounced" it's way up the sloping channel within the larger horizontal range much more so than previous movements within that larger horizontal range? Has this any particular significance?
Thanks for any input and thoughts!
Last edited by SBNL; 07-15-2010 at 03:23 PM.
07-15-2010, 04:06 PM #42068
I want to say only one thing for this chart..
Originally Posted by SBNL
113,40 is very critical level.. and there is no any clear pattern..
07-15-2010, 04:25 PM #42069
Good to know there are other die harder for Euppy beside me..
Originally Posted by SBNL
I want to shoot mysellf for missing buys and then the sell each by 2-5 pips, same is the case with the euro and was waiting for 2802 to long... Anyways did scalps in and out mainly on euppy and missing this last leg up...
Charts and 113.55 to look for and any close 4 hrs above you don't want to be short this pair.
this could go into the wedge b/w ascending 113.50 and descending 117.70, with first tgts on a close above 113.55-45 to be around 114.35-45...
Euppy close above this 113.55 would signal further strength for euro as well...
I hope i made sense here.. might come back for a deeper analysis later...
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
07-15-2010, 04:35 PM #42070
time for some POP CORN . C w should get same respect as 3 of 3 w .
Last edited by nopainnogain; 07-15-2010 at 04:46 PM.
07-15-2010, 04:39 PM #42071
Interesting day for the Euro today. Intra-day correlation patterns signal pretty clear indiscriminate bidding. Stiff resistance 1.30-1.3050. That should expose just how fat this elephant really is. My guess is a CB because private money is a bit more discrete.
07-15-2010, 04:52 PM #42072
Thank you very much for your advice.
Originally Posted by analyzer
07-15-2010, 05:00 PM #42073
I'd like to know your system. How could I get it?
Originally Posted by PoundGuy
07-15-2010, 05:02 PM #42074
This might make your life easier: Forex Correlation - Mataf.net
Originally Posted by dhan1163
07-15-2010, 05:54 PM #42075
Originally Posted by Franosh
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