EUR/USD
Member Since Oct 11, 2013
775 posts
Nov 17, 2014 at 05:20
The EURUSD may try to go higher, possible test of the 1.2600 level.
Member Since Oct 27, 2014
53 posts
Nov 17, 2014 at 07:57
Wen i think about eur just now its not anny god / i think eur going down to very long
Nov 17, 2014 at 08:04
PERPETUUMMOBILE posted:forexwiz posted:
@PERPETUUMMOBILE I hope to see a sudden stab to 1.2400 and shakeout the longs before pushing past 1.2500. When this happens, I'm going long at slightly above 1.2500.
the high from Monday was a legitimate entry price. In fact, bar-formation traders use this exact price (high from Monday). Hope you had your order placed and can close out the week on a positive note.
I had a nice trade which just got closed today. May see a minor pullback on next few bars (4H), and if the price stays above 1.2500, I would not be surprised see a test to 1.2700 by end of this week or early next.
There is nothing lost or wasted in this life
Member Since Oct 08, 2011
137 posts
Nov 17, 2014 at 08:06
On October 8th I posted a major entry signal coming from the daily chart:
Buy-stop: 1.2508
Exit-1: near 1.2570
Exit-2: near 1.2620
Exit-3: near 1.2740
-----------------------------------
Exit 1: mission accomplished
Buy-stop: 1.2508
Exit-1: near 1.2570
Exit-2: near 1.2620
Exit-3: near 1.2740
-----------------------------------
Exit 1: mission accomplished
"a little bit of knowledge is a dangerous thing"
Member Since Apr 08, 2014
1141 posts
Nov 17, 2014 at 08:35
EURUSD pair initially fell during the course of the session on Friday, enough support at 1.24 to turn things back up and gain sufficient momentum to break and close above the 1.25 level. This is a very bullish looking candle and as a result the pair should continue to go higher for the short-term. Ultimately though there is plenty of resistance to the up side and it’s likely that this pair in the mid-term will resume is downward trend.
"I trade to make money not to be right."
Member Since Jul 10, 2014
1117 posts
Nov 17, 2014 at 15:43
Although EUR/USD climbled to 1.2575 the hammer candlestick formed in the 4 hour filter chart was a clear indication that the move to the upside was only temporary. The downward trend continues and is likely headed for target 1.2330 for the moment.
Member Since Jun 08, 2014
454 posts
Nov 17, 2014 at 18:13
I started to doubt that the EUR/USD is moving on any technical or fundamental analysis this days more than in a spontaneous way. last week on friday strong fundamental data came on the USD and still it kept falling. today with Draghi speech that the Euro is recovering the price of the euro fell down.
Member Since Oct 27, 2014
53 posts
Nov 18, 2014 at 08:07
i think that to
Member Since Nov 03, 2014
37 posts
Nov 18, 2014 at 08:11
I think its going to go below 1.2400 again!
Yes! with the right skill....its possible to make 40% a day in Forex.
Member Since Oct 08, 2011
137 posts
Nov 18, 2014 at 08:19
The EUR/USD is in congestion on the 12-hr chart with currently 16 bars.
Earliest bar to trade out of congestion is bar 17.
Best bars to trade is out of a trading range, which starts at bar 21.
The high from yesterday is a legitimate buy-stop entry according to the bar-formation rules, but it is not a strong entry. It will be a strong entry point, if prices today trade up and stay a few pips below the high from yesterday, and break Monday's high tomorrow.
Earliest bar to trade out of congestion is bar 17.
Best bars to trade is out of a trading range, which starts at bar 21.
The high from yesterday is a legitimate buy-stop entry according to the bar-formation rules, but it is not a strong entry. It will be a strong entry point, if prices today trade up and stay a few pips below the high from yesterday, and break Monday's high tomorrow.
"a little bit of knowledge is a dangerous thing"
Member Since Apr 08, 2014
1141 posts
Nov 18, 2014 at 08:28
The EURUSD tried to rally to the upside, but fell rather hard and closed well below the 1.25 level near the low of the day. The resistance at 1.2577 is holding and as a result sellers step into this pair every time it rallies.
The market is eventually going down to the 1.2050 region, therefore the rallies are simple selling opportunities as the US dollar should continue to be one of the safest currency around the world in the moment.
The market is eventually going down to the 1.2050 region, therefore the rallies are simple selling opportunities as the US dollar should continue to be one of the safest currency around the world in the moment.
"I trade to make money not to be right."
Member Since Oct 08, 2011
137 posts
Nov 18, 2014 at 09:57
@honeill - if you claim that the USD is one of the safest currencies to trade, then you will also have to specify the direction. Is it the safest to buy or to sell? When trading any currency market - if the direction is correct - they are all safe to trade. In fact, any market is safe to trade if the direction is correct!
"a little bit of knowledge is a dangerous thing"
Member Since Apr 14, 2014
230 posts
Nov 18, 2014 at 11:41
Another sell opportunity for this pair maybe.
Member Since Oct 11, 2013
775 posts
Nov 18, 2014 at 11:43
Maybe on the small rallies of the EURUSD some traders may try to sell the pair, but we must be careful, because the oversold condiitons may change.
Member Since Jul 10, 2014
1117 posts
Nov 18, 2014 at 14:42
It looks like the EUR/USD consolidation continues and it might be too early for any long-term prognosis before that ends.
