Good morning traders! Hope nobody loses money shorting this EURUSD pair!
It's understandable that price has dropped quite a lot and traders want to go long...
Price has found support from the intermediate green cloud, given that it's a level 2 cloud, it can provide good support for an upmove, not exceeding 1.3220.
Then again, the greater clouds had already made their moves descending, is it worthwhile going against them for that little retracement?
So in conclusion, today is for scalpers only, position takers can take a rest. I'm taking a rest
Just wanted to let you know, I'm here! Thanks so much for sharing the thread You are so right!
I'm using a software program I think you would like ... that is, if you are interested in doing code again. I think is is more intuitive than QT. Send me a PM if you're interested.
Thanks again for sharing ... I'm already enjoying everyone's posts.
Hello desertcynlite,
Glad to see you over here. Plenty of good content from many good techies.
I'm redoing my harddrive tonite so it might be a couple of days before my programming environment is ready to go again.
But I am always interested in checking out anything that can help with trading.
stryker here is the ice dollar index, it looks very similar to the fxcm one, they are both at critical levels. also a similar setup on the euro chart depending on how you draw things
US indix on weekly has a descending triangle which is a bearish sign on pattern play...
Anyways Weekly is a clearer chart on it along with a 8 hrs..
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...
Hope everyone is doing fine. Just want to share this chart with you. It has yearly pivots, don't know where it's going, only time will tell.
Today, I think is going one more low for today at 1.3120ish (or maybe not) before moving higher. I've been reading postings, and very nice analysis.
Full moon and NFP on the same day sounds ominous but add the French and Greek elections plus the looming credit agency reviews of the Eurozone and you won't be surprised that it's not just "any" full moon today but apparently a "super Moon": Sunday's moon to be biggest this year
Good luck everyone....
PS: We are still in a range and range breaks can get messy.
EUR/USD remains in a downtrend as price keeps on creating lower and lower highs. Short term resistance is found at 1.3190 which is also today's R1 level of the pivot point indicator. A further decline to 1.3050 is expected as long as we trade under 1.3190.
If price trades above 1.3190 we can expect price to try to reach 1.3230 which is horizontal resistance and today's R2 level but a push above 1.3250 is unlikely.
Today is also US Non Farm payrolls day which will be a day with higher volatility. 1.3190 can easily be breached but we need to analyze the break of levels in the light of the NFP report.
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EUR/USD 60 min chart
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Full moon and NFP on the same day sounds ominous but add the French and Greek elections plus the looming credit agency reviews of the Eurozone and you won't be surprised that it's not just "any" full moon today but apparently a "super Moon": Sunday's moon to be biggest this year
Good luck everyone....
PS: We are still in a range and range breaks can get messy.
good i hope its messy as it can get spikes and stops being taken out all over would be nice...but i have a feelling NFP may be a non event today
if jobs data are good i will be lookinfg to short stocks DJ as long as HS is still valid on spike upwards... and eu from 3200 if anf if she gets there....
i would love a really messy awfull NFP that just shakes the market so bad we get mental moves but hey ho will see ...
good i hope its messy as it can get spikes and stops being taken out all over would be nice...but i have a feelling NFP may be a non event today
if jobs data are good i will be lookinfg to short stocks DJ as long as HS is still valid on spike upwards... and eu from 3200 if anf if she gets there....
i would love a really messy awfull NFP that just shakes the market so bad we get mental moves but hey ho will see ...
I heard of messy burgers...... messy fries ... politically messy situation and so on......... messy mkt the first time..
Oh shoot......... its Clive here...lol........... u make a mess out of a regular smooth market, but shorting tops and buying dips all day long and I can only wonder what u do if the mkt is already messed up.......... I'm sure you have asked your bank for a couple of new lockers to hide your loot...........
I know regardless of the nos, you be the one of the busiest milking pips here and there........
I on the other hand kinda think USD has limitations going higher.. I expect a spike on euro to 3087-90 for a move higher to 3235-40... I think we will still be in the range and no breakout to come today...
9930-35 on USD would be enuf to hit 3087-90 on euro.. I suspect a nice combo play coming in on today...
I have no open position beside the DJ shorts from 13289 yesterday..
Interest so far is to hit longs off 3087-92 spot with some tight stops of 15-20 pips only... and to sell a 3230-40 zone...
No idea on gu and others as I just stepping in ...
This 8 hrs requires a move higher to cause a failure into around 3230-40 for the next better move down south to testing 1.3000...
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...
Agree.. lets have a mess.... expecting a spike or two, but no huge momentum either way, hence the range stays.. waiting for Fed to be clearer on QE. Don't think this NFP will clarify same.... IMO anyway...
Full moon and NFP on the same day sounds ominous but add the French and Greek elections plus the looming credit agency reviews of the Eurozone and you won't be surprised that it's not just "any" full moon today but apparently a "super Moon": Sunday's moon to be biggest this year
Good luck everyone....
PS: We are still in a range and range breaks can get messy.
All the reason to believe perhaps euro might........ just might be heading higher atleast temporary starting today...
GL..
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...
^
You guys know about the new so-called BRICS currency and BRICS settlement system (to replace Dollar + SWIFT), which will end dollar-based settlements among those 24 countries. Watch for formal announcement in coming weeks.
The rapidly spreading repudiation of the dollar for international settlement will significantly hurt the dollar.
^
You guys know about the new so-called BRICS currency and BRICS settlement system (to replace Dollar + SWIFT), which will end dollar-based settlements among those 24 countries. Watch for formal announcement in coming weeks.
The rapidly spreading repudiation of the dollar for international settlement will significantly hurt the dollar.
We'll see
Are you a part of any syndicate.............. you seem to come across a lot of chirping birds.......... but as long as you get to share with us, I won't be jealous............
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...
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It may be better to take a rest...
Originally Posted by desertcynlite 
