To use chat, please login.
Back to contacts

EUR/USD

Jun 17, 2012 at 11:03
181,672 Views
9,776 Replies
Member Since Aug 04, 2015   124 posts
Aug 12, 2015 at 06:24
Close above 1.11 can take it towards 1.12800 in no time
To achieve 3-5% portfolio growth a month
Member Since Aug 04, 2015   124 posts
Aug 12, 2015 at 06:25
sherifFares posted:
Reached target 1.1090 now I wait for the upswing to be exhausted so I can go short.

I think selling on move towards 1.10800+ with a strict SL of 1.1110 (to save trades from spikes....) can fetch some good gains..
To achieve 3-5% portfolio growth a month
Member Since Jan 06, 2015   16 posts
Aug 12, 2015 at 06:28
It's starting for up trend!?
Member Since Oct 08, 2011   137 posts
Aug 12, 2015 at 07:12
EUR/USD weekly chart.

I have described several times in my postings the characteristics of consolidations/congestion/trading-range.

On the weekly chart, there is a measuring bar (MB) from 15 weeks ago.
The MB has a high of 1.1289 and a low of 1.0818 (on our charts).
All bars following this bar have either their close price or their open price (or both) inside the high and the low of the MB.

This week, the bar count is Nr. 16
We do not trade any bars between 11 and 16.
Nr. 17 is the first bar we trade (highest risk!).
Best bars to trade are bars 21 through 29, which historically have the best chance to break out of the range.

This knowledge can be used to trade a faster time-frame within the boundaries of the MB of the slower time frame.

As we can see on the weekly chart - bars Nr. 12, 13 and 15 attempted to break out, without success.

This is vital knowledge to trade successfully. Most traders lose their money in congestions/trading ranges.
This congestion rule applies to all time-frames, from the 1 minute to the annual chart.

Consolidation = 5 to 10 bars max
Congestion = 11 to 20 bars max
Trading-range = 21 bars or more.

Each one of the above has to have a measuring bar (MB)
If a measuring bar is followed by at least 4 bars where open, close or both are inside the MB's high and low, a price consolidation is present.
When counting bars, the MB has to be included in the count.

Note - there are 2 different types of trading-ranges (more than 20 bars).
The second type (not described here) does not need a measuring bar!
"a little bit of knowledge is a dangerous thing"
Member Since Jun 08, 2014   413 posts
Aug 12, 2015 at 19:45
The EUR/USD bounced in 3rd day of rising, from the resistance level at 1.2000 today, but i see that the dollar sell-off will continue.
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Aug 12, 2015 at 20:07 (edited Aug 12, 2015 at 20:10)
will stay in ranging market for a very good while ,there is no trend stared there ,simply keeping bouncing ,just the volatility picked up a bit awaiting the return of big players in september
Member Since Jun 08, 2014   454 posts
Aug 13, 2015 at 01:59
FXWES posted:
The single currency continued to add value against the dollar for the fifth consecutive day on Tuesdayby which was trading at two-week high at the end of the session. The euro rose by nearly 20 pips to a closing price of 1.1040. The final values were recorded respectively at 1.1086 and 1.0960. Currently prevailing attitudes are positive, but for continuing growth is necessary to overcome the resistance at 1.1130.

it looks like the EUR/USD is heading for fibo 23.6% at price 1.1290.
Member Since May 01, 2015   675 posts
Aug 13, 2015 at 06:04
EUR/USD continued to add value for the sixth consecutive day on Wednesday and EUR ended the session on a six-week peak. The single currency gained over 110 pips to a closing price of 1.1156. Additional gains were limited at 1.1212. The movement managed to overcome the levels at 1.1130, which encouraged the Bulls. Attitudes remain positive and 1.1270 – the next target.
Member Since Aug 04, 2015   124 posts
Aug 13, 2015 at 06:46
Chinese Yuan the Euro supporter, as its above 1.1110, Can see 1.12500-800 by tomorrow... :)
To achieve 3-5% portfolio growth a month
Member Since Aug 04, 2015   124 posts
Aug 13, 2015 at 06:46
sherifFares posted:
FXWES posted:
The single currency continued to add value against the dollar for the fifth consecutive day on Tuesdayby which was trading at two-week high at the end of the session. The euro rose by nearly 20 pips to a closing price of 1.1040. The final values were recorded respectively at 1.1086 and 1.0960. Currently prevailing attitudes are positive, but for continuing growth is necessary to overcome the resistance at 1.1130.

it looks like the EUR/USD is heading for fibo 23.6% at price 1.1290.

Same view mate... 😄
To achieve 3-5% portfolio growth a month
Member Since Aug 04, 2015   124 posts
Aug 13, 2015 at 06:46
PERPETUUMMOBILE posted:
EUR/USD weekly chart.

I have described several times in my postings the characteristics of consolidations/congestion/trading-range.

On the weekly chart, there is a measuring bar (MB) from 15 weeks ago.
The MB has a high of 1.1289 and a low of 1.0818 (on our charts).
All bars following this bar have either their close price or their open price (or both) inside the high and the low of the MB.

This week, the bar count is Nr. 16
We do not trade any bars between 11 and 16.
Nr. 17 is the first bar we trade (highest risk!).
Best bars to trade are bars 21 through 29, which historically have the best chance to break out of the range.

This knowledge can be used to trade a faster time-frame within the boundaries of the MB of the slower time frame.

As we can see on the weekly chart - bars Nr. 12, 13 and 15 attempted to break out, without success.

This is vital knowledge to trade successfully. Most traders lose their money in congestions/trading ranges.
This congestion rule applies to all time-frames, from the 1 minute to the annual chart.

Consolidation = 5 to 10 bars max
Congestion = 11 to 20 bars max
Trading-range = 21 bars or more.

Each one of the above has to have a measuring bar (MB)
If a measuring bar is followed by at least 4 bars where open, close or both are inside the MB's high and low, a price consolidation is present.
When counting bars, the MB has to be included in the count.

Note - there are 2 different types of trading-ranges (more than 20 bars).
The second type (not described here) does not need a measuring bar!

Interesting view/technique of trading... will definitely have a look.. Thanks
To achieve 3-5% portfolio growth a month
Member Since Aug 04, 2015   124 posts
Aug 13, 2015 at 06:48
At the end of the Day, USD is the King...... I think in 12-18 months time EUR/USD will be at Parity (1=1)
To achieve 3-5% portfolio growth a month
Member Since Jul 10, 2014   1117 posts
Aug 13, 2015 at 16:44
sherifFares posted:
FXWES posted:
The single currency continued to add value against the dollar for the fifth consecutive day on Tuesdayby which was trading at two-week high at the end of the session. The euro rose by nearly 20 pips to a closing price of 1.1040. The final values were recorded respectively at 1.1086 and 1.0960. Currently prevailing attitudes are positive, but for continuing growth is necessary to overcome the resistance at 1.1130.

it looks like the EUR/USD is heading for fibo 23.6% at price 1.1290.

First it has to break above the resistance coinciding with the previous high at 1.1215. That said, I think it's very possible it will be able to do that.
Member Since Jun 08, 2014   454 posts
Aug 13, 2015 at 17:02
EUR/USD possible rebound from 1.12000 I think for now let's see the rebound will continue till 1.0950 a possible short opportunity can be made.
Member Since Jun 08, 2014   413 posts
Aug 13, 2015 at 19:37
I see that there is still chance for he EUR/USD to continue the bullish trend as the pair kept over the support level at the 1.1098.
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Aug 13, 2015 at 20:08
next stop 1.1215 followed by a reverasal
Member Since Apr 09, 2014   834 posts
Aug 13, 2015 at 23:07
The pair enter to a correction movement stage after hit a high of 1.1213 yesterday. Prices are virtually no change today.
Member Since May 01, 2015   675 posts
Aug 14, 2015 at 10:50
After the strong performance on Wednesday, yesterday the pair remained with no significant changes. The euro was trading at a price of 1.1148 at the end of the session with drop of 8 points. However, the day proposed a certain volatility and extreme values were reached at 1.1187 and 1.1081. The chart continues to develop over the moving average, the index of relativity remains in positive territory, supporting the bulls in the short term.
Look009
forex_trader_186239
Member Since Apr 15, 2014   224 posts
Aug 14, 2015 at 13:59
Everything is possible now. I do not believe we are in trending mode now.
rob559
forex_trader_29148
Member Since Feb 11, 2011   1916 posts
Aug 14, 2015 at 14:19 (edited Aug 14, 2015 at 14:19)
if it beaks the 1.1213 it will maybe be in trending mode but i doubt it
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.