I can see your point of view - we are at the lower of your channel, so there's a possibility of retracement back to the top. It may happen here or 1.311+, but the picture is not very clear whether there are still strength in the bull. I'll be less inclined to go long at this point of time, rather sell at a pullback may be the way, and I wish you best of luck as always.
Forget "Linsanity" When Euro Lune-sanity Could Indicate the Next Big Move
Originally Posted by Gregory McLeod
A move back above 1.3500 looks very likely if the Euro can hold above the daily trend line at around the 1.3161 area. A failure to hold this zone could spell a retest of the January lows in the 1.2627 area.
Originally Posted by Clivewaverider
Have to admit, this is not inspiring tape is it?
Forget "Linsanity" When Euro Lune-sanity Could Indicate the Next Big Move- The relationship between the moon and trading is nothing new as moon cycles are included in the 'Stock Traders' Almanac'. The moon affects tides and moods and many ancient cultures use the moon to base their calendar system. Since humans are mostly water and they make up a market, we can possibly draw some conclusions to the effects the moon has on trading behavior and price action
No, I am not the self-appointed head of "Lunar Trading", but I thought I would point this out for all you cycle folk out there. The last full moon was 1/9/2012 and the Euro was trading in the 1.2678 area. Since then, the Euro has moved over 700 pips reaching a high around 1.3483.
March 8th is our next Full Moon and the markets are moving ahead of this event .
Before you call me a Lunatic, you may want to back test this yourself and share your findings!
Trader, Gregory McLeod moderates the DailyFX Forum.
If you are a new user to the DailyFX Forum, or not sure where to get started, please go to: How To use the DailyFX Forum and Introduce Yourself! Section. I’ll introduce you to the community and point you in the right direction.
Please use the “Ask the expert” section to ask me trading questions or reply to me in this thread.
Webinar: Watch me Trade Live Tuesday, Wednesday, and Thursday at 5:30 ET/9:30 GMT inPip & Run Trading Room.
Forget "Linsanity" When Euro Lune-sanity Could Indicate the Next Big Move- The relationship between the moon and trading is nothing new as moon cycles are included in the 'Stock Traders' Almanac'. The moon affects tides and moods and many ancient cultures use the moon to base their calendar system. Since humans are mostly water and they make up a market, we can possibly draw some conclusions to the effects the moon has on trading behavior and price action
No, I am not the self-appointed head of "Lunar Trading", but I thought I would point this out for all you cycle folk out there. The last full moon was 1/9/2012 and the Euro was trading in the 1.2678 area. Since then, the Euro has moved over 700 pips reaching a high around 1.3483.
March 8th is our next Full Moon and the markets are moving ahead of this event .
Before you call me a Lunatic, you may want to back test this yourself and share your findings!
I think I know someone by the nick of Clive, or David, or Colleen, or ... anyway, must be Lune-sanity! all positions in place, time for a movie! See you soon!
EURUSD - H4 - Will be broken the low level of the up trend channel?
EURUSD H4. Will be broken the low level of the channel? Waiting PA and some patterns on H1, M30 or M15 charts at resistance level and at low level of the bulish channel,
This is a fun read re Greek bond exchange. For non-German speakers, can try a browser translator or Google, persevere with perhaps a bit of Germanic and Greek stubbornness as mentioned at the end of the article
EURUSD H4. Will be broken the low level of the channel? Waiting PA and some patterns on H1, M30 or M15 charts at resistance level and at low level of the bulish channel,
The sun is shining here in the wonderful Malvern Hills, so I am going to get out in it. There is little more I can chart for a bit so I am downing tools.
But in case anyone missed my tone and charts for the past few days, I am bullish on this pair and I think that we will see a surprise to the upside. Either that or I am wrong which will rankle for a bit but I'll get over it (again!).
Charts from today'sedition of the webinar Bulls vs. Bears @ The Trading Room 11:30 GMT Mon - Fri Follow me on twitter: https://twitter.com/AlejandroDFX
Trader, Gregory McLeod moderates the DailyFX Forum.
If you are a new user to the DailyFX Forum, or not sure where to get started, please go to: How To use the DailyFX Forum and Introduce Yourself! Section. I’ll introduce you to the community and point you in the right direction.
Please use the “Ask the expert” section to ask me trading questions or reply to me in this thread.
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Originally Posted by Paul Chin
I can see your point of view - we are at the lower of your channel, so there's a possibility of retracement back to the top. It may happen here or 1.311+, but the picture is not very clear whether there are still strength in the bull. I'll be less inclined to go long at this point of time, rather sell at a pullback may be the way, and I wish you best of luck as always.
EURUSD - H4 - Will be broken the low level of the up trend channel?
