EUR/USD
Feb 12, 2015 at 23:50
The EUR / USD continued yesterday to move in consolidation.
Has been negotiating laterally from January 27 and the short-term outlook is neutral.
The larger trend is still downward long-term as is proving minimum and lower highs.
R3 - 1.15700
R2 - 1.14963
R1 - 1.14487
Daily Std. Pivot - 1.13750
S1 - 1.13274
S2 - 1.12537
S3 - 1.12061
Has been negotiating laterally from January 27 and the short-term outlook is neutral.
The larger trend is still downward long-term as is proving minimum and lower highs.
R3 - 1.15700
R2 - 1.14963
R1 - 1.14487
Daily Std. Pivot - 1.13750
S1 - 1.13274
S2 - 1.12537
S3 - 1.12061
Member Since Oct 08, 2011
137 posts
Feb 13, 2015 at 05:53
Trade reference EUR/USD 4 hour chart.
buy-stop @ 1.1351 ask + 1 pip
In my last posting I described what a hook looks like and how it can be traded on the 4-hr chart.
The hook occurred at the high from yesterday (1.1422 on our 4-hr chart), as this price bar is followed by a bar that failed to make an new high.
There are 2 reverse-hooks on the 4-hr chart at 1.1498 and 1.1533.
Each one of these rev-hooks has a c-stop (cavity-stop) which are only 10 pips apart (1.1460 and 1.1470)
Chances are that prices will consolidate at these c-stop price levels again for some time (3 to 9 bars) to build a new hook and then possibly advance to the second rev-hook price at 1.1533.
Best way to trade a trend reversal is by managing the SL properly, rather than getting in and out of trades.
buy-stop @ 1.1351 ask + 1 pip
In my last posting I described what a hook looks like and how it can be traded on the 4-hr chart.
The hook occurred at the high from yesterday (1.1422 on our 4-hr chart), as this price bar is followed by a bar that failed to make an new high.
There are 2 reverse-hooks on the 4-hr chart at 1.1498 and 1.1533.
Each one of these rev-hooks has a c-stop (cavity-stop) which are only 10 pips apart (1.1460 and 1.1470)
Chances are that prices will consolidate at these c-stop price levels again for some time (3 to 9 bars) to build a new hook and then possibly advance to the second rev-hook price at 1.1533.
Best way to trade a trend reversal is by managing the SL properly, rather than getting in and out of trades.
"a little bit of knowledge is a dangerous thing"
Member Since Mar 23, 2014
5 posts
Feb 13, 2015 at 08:20
I'm short too until 1.158 breakthrough. Would not go long anymore. TP 1.00 or lower.
Its just a matter of time. The euro cannot exist any longer that way of totally different economic situations of member states.
The train is going to derail.
Its just a matter of time. The euro cannot exist any longer that way of totally different economic situations of member states.
The train is going to derail.
Member Since Apr 08, 2014
1141 posts
Feb 13, 2015 at 15:26
EURUSD rose during the course of yesterday session, clearing the above the 10-day moving average. By doing so, it appears that the market will more than likely try to run to the 1.5555 level, where it should find enough selling pressure. All eyes will now turn to Monday as a talk about the Greek bailout continues.
"I trade to make money not to be right."
Feb 13, 2015 at 16:18
EUR / USD rose on Thursday, breaking above resistance barrier (turned into support) of 1.1327 (S1).
The momentum study indicate a trend for forming bullish extensions.
The RSI continued to rise after spending above his line of 50, and the MACD is already above the signal line, with rising signs.
However there is a downward trend in the long term.
R3 - 1.15700
R2 - 1.14963
R1 - 1.14487
Daily Std. Pivot - 1.13750
S1 - 1.13274
S2 - 1.12537
S3 - 1.12061
The momentum study indicate a trend for forming bullish extensions.
The RSI continued to rise after spending above his line of 50, and the MACD is already above the signal line, with rising signs.
However there is a downward trend in the long term.
R3 - 1.15700
R2 - 1.14963
R1 - 1.14487
Daily Std. Pivot - 1.13750
S1 - 1.13274
S2 - 1.12537
S3 - 1.12061
Member Since Feb 24, 2012
11 posts
Feb 13, 2015 at 16:32
i think euro is short term up but in long term its too bearish now
Member Since Jul 10, 2014
1117 posts
Feb 13, 2015 at 17:02
Consolidation continued today for EUR/USD. The pair is still testing the resistance at 1.1450, but I think that it will reach 1.1600 should it be able to break above the resistance.
Member Since Jun 08, 2014
454 posts
Feb 13, 2015 at 19:28
another quiet day. have a great weekend everyone.
Member Since Nov 11, 2012
271 posts
Feb 16, 2015 at 02:33
Relative strengths of major currency pairs based on Instituitional and reltail positions held......
EUR: Bullish by 7.1%
GBP: Bullish by 21.57%
AUD: Bearish by 23.83%
USD: Bearish by 18.95%
Its prudent to be LONG on GBP/AUD with discretionary risk/reward measurement.
EUR: Bullish by 7.1%
GBP: Bullish by 21.57%
AUD: Bearish by 23.83%
USD: Bearish by 18.95%
Its prudent to be LONG on GBP/AUD with discretionary risk/reward measurement.
antariks1@
Member Since Apr 08, 2014
1141 posts
Feb 16, 2015 at 10:56
EURUSD fell slightly during the Friday session creating a pin bar, as the market continues to grind away below the 1.1460 level. Fridays pin bar can offer a nice selling opportunity on the close below the 10-day moving average, so may expect a downward move to a daily support at 1.1236.
"I trade to make money not to be right."
Member Since Oct 11, 2013
775 posts
Feb 16, 2015 at 16:34
The EURUSD may stay strong, but it all depends on the Greek outcome.
Member Since Apr 14, 2014
230 posts
Feb 16, 2015 at 16:41
While the Eurogroup continue discussing the situation in Greece, considering the upcoming expiry of Greece's current economic adjustment programme, eur/usd is trading slightly below 1.140.
Member Since Jul 10, 2014
1117 posts
Feb 16, 2015 at 16:50
Consolidation continues for EUR/USD and I doubt it will end before U.S. Fed releases minutes from Jan. 27-28 FOMC Meeting on Wednesday.
Member Since Jun 08, 2014
454 posts
Feb 16, 2015 at 17:13
How long will it take until we see movement again on the EUR/USD.
Feb 16, 2015 at 18:47
EUR / USD closed consolidating last week.
The short-term oscillators support the idea that falls appear to have stopped.
The RSI increased after finding the support line, while the MACD remains above both zero and signal lines.
However the broader trend is still downward.
R3 - 1.14936
R2 - 1.14681
R1 - 1.14301
Daily Std. Pivot - 1.14046
S1 - 1.13666
S2 - 1.13411
S3 - 1.13031
The short-term oscillators support the idea that falls appear to have stopped.
The RSI increased after finding the support line, while the MACD remains above both zero and signal lines.
However the broader trend is still downward.
R3 - 1.14936
R2 - 1.14681
R1 - 1.14301
Daily Std. Pivot - 1.14046
S1 - 1.13666
S2 - 1.13411
S3 - 1.13031
Feb 16, 2015 at 20:56
bewayopa posted:
EUR / USD closed consolidating last week.
The short-term oscillators support the idea that falls appear to have stopped.
The RSI increased after finding the support line, while the MACD remains above both zero and signal lines.
However the broader trend is still downward.
R3 - 1.14936
R2 - 1.14681
R1 - 1.14301
Daily Std. Pivot - 1.14046
S1 - 1.13666
S2 - 1.13411
S3 - 1.13031
I agree with you, thank you.
Member Since Apr 08, 2014
1141 posts
Feb 17, 2015 at 09:15
EURUSD fell during the course of yesterday session as expected however there is still plenty of support below at 1.1270, next bus stop at 1.1236 and finally the terminal stop at 1.1097. I’m short from 1.1379 and will be scaling out at the pit stops due to the undergoing Greece situation.
"I trade to make money not to be right."
Member Since Oct 08, 2011
137 posts
Feb 17, 2015 at 11:20
EUR/USD weekly chart
there is a major buy-stop entry formation forming on the weekly chart
which makes the high from last week and the high from the week before legitimate entry points.
add 1 pip to last week's high (ask price)
1.1443 + 1 pip (on our charts)
or place a buy-stop order at the exact high-price (ask) of the week before
1.1534
long-term, this may have the potential to close the GAP at 1.1975
EUR/USD daily chart
on the daily chart, the high from yesterday (1.1429+ 1 pip) and the high from last Friday (ask-price 1.1444) are also legitimate buy-stop entry points.
These signals should be traded to near 1.1530
there is a major buy-stop entry formation forming on the weekly chart
which makes the high from last week and the high from the week before legitimate entry points.
add 1 pip to last week's high (ask price)
1.1443 + 1 pip (on our charts)
or place a buy-stop order at the exact high-price (ask) of the week before
1.1534
long-term, this may have the potential to close the GAP at 1.1975
EUR/USD daily chart
on the daily chart, the high from yesterday (1.1429+ 1 pip) and the high from last Friday (ask-price 1.1444) are also legitimate buy-stop entry points.
These signals should be traded to near 1.1530
"a little bit of knowledge is a dangerous thing"
