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EUR/USD
Miembro desde Nov 03, 2014
posts 37
Nov 18, 2014 at 20:57
Miembro desde Jun 07, 2011
posts 372
The dollar traded low against the EUR.
Euro began showing strength before the release of the German ZEW survey for November and had an additional stimulus after the release of the numbers.
The big surprise was the rise in the expectations index of -3.6 to +11.5.
Here may result in an upward continuation of the EUR / USD corrective phase.
R3 - 1.26676
R2 - 1.26224
R1 - 1.25350
Daily Std. Pivot - 1.24898
S1 - 1.24024
S2 - 1.23572
S3 - 1.22698
Euro began showing strength before the release of the German ZEW survey for November and had an additional stimulus after the release of the numbers.
The big surprise was the rise in the expectations index of -3.6 to +11.5.
Here may result in an upward continuation of the EUR / USD corrective phase.
R3 - 1.26676
R2 - 1.26224
R1 - 1.25350
Daily Std. Pivot - 1.24898
S1 - 1.24024
S2 - 1.23572
S3 - 1.22698
Nov 18, 2014 at 23:42
Miembro desde Dec 16, 2009
posts 58
With positive news from the euro zone, at least try to keep up, but still skinny. Somewhere has to start. Always remember the good (r: r) and what the market tells us, for us short-term traders. Happy trading.
Miembro desde Apr 14, 2014
posts 230
Nov 19, 2014 at 07:39
Miembro desde Apr 19, 2014
posts 16
PERPETUUMMOBILE posted:
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
Good call.
I see the price action has come up to above 1.2500 with bullish momentum firing up. So ride the wave up. As long as the 4HR bar does not close below the 50 period MA, may see 1.2700 pretty soon.
There is nothing lost or wasted in this life
Miembro desde Apr 08, 2014
posts 1141
Nov 19, 2014 at 07:59
Miembro desde Apr 08, 2014
posts 1141
The EURUSD rose during the course of yesterday session, clearing the 1.25 level with an impulsive candle. This pair continues to consolidate around the 1.25level. We are looking for reversal candles in order to start selling again as the Euro continues to underperform.
"I trade to make money not to be right."
Miembro desde Oct 08, 2011
posts 137
Nov 19, 2014 at 09:12
Miembro desde Oct 08, 2011
posts 137
The 4-hr chart is in congestion with currently 17 bars.
Since bar 17 is the first one to trade out of congestion, the high of 1.2544 is a legitimate buy-stop entry
bars 5 to 10 = consolidation
bars 11 to 20 = congestion
bars 21 and more = trading range.
historically a bar between 21 and 29 has the best chance to break.
There are precise rules as to how to trade out of consolidation, congestion and trading range.
Since bar 17 is the first one to trade out of congestion, the high of 1.2544 is a legitimate buy-stop entry
bars 5 to 10 = consolidation
bars 11 to 20 = congestion
bars 21 and more = trading range.
historically a bar between 21 and 29 has the best chance to break.
There are precise rules as to how to trade out of consolidation, congestion and trading range.
"a little bit of knowledge is a dangerous thing"
Miembro desde Jul 10, 2014
posts 1117
Nov 19, 2014 at 17:44
Miembro desde Jul 10, 2014
posts 1117
It looks like the EUR/USD correction might last a little longer. It appears it is headed for target 1.2670.
Miembro desde Nov 11, 2012
posts 271
Nov 19, 2014 at 21:12
Miembro desde Jun 07, 2011
posts 372
EUR / USD remains below the moving average of 50 periods and within the training symmetrical triangle.
There have been some attempts to break the short-term trend line, but not enough.
R3 - 1.26782
R2 - 1.26385
R1 - 1.25913
Daily Std. Pivot - 1.25516
S1 - 1.25044
S2 - 1.24647
S3 - 1.24175
There have been some attempts to break the short-term trend line, but not enough.
R3 - 1.26782
R2 - 1.26385
R1 - 1.25913
Daily Std. Pivot - 1.25516
S1 - 1.25044
S2 - 1.24647
S3 - 1.24175
Nov 19, 2014 at 21:44
Miembro desde Apr 09, 2014
posts 834
FED is also worried about low inflation, according to the latest FOMC Minutes. The dollar suffered a setback immediate after the FOMC, decline against the EUR to 1.2599. It seems settle down at 1.2550 level, but it's not over yet, bullish potential remains.
Miembro desde Jun 08, 2014
posts 454
Miembro desde Apr 14, 2014
posts 230
Miembro desde Apr 08, 2014
posts 1141
Nov 20, 2014 at 08:25
Miembro desde Apr 08, 2014
posts 1141
EURUSD tried to rally during the course of yesterday, but ran out of steam at the 1.26 level and fell creating a shooting star. So a move below the 1.25 level is in fact a selling opportunity in this pair that most certainly is in a strong downtrend.
"I trade to make money not to be right."
Miembro desde Nov 03, 2014
posts 37
Miembro desde Jul 10, 2014
posts 1117
Nov 20, 2014 at 13:48
Miembro desde Jul 10, 2014
posts 1117
I think that EUR/USD might keep climbing until it reaches 1.2620, but the market is so uncertain at the moment that buying now would mean taking a considerable risk. Personally, I'd rather wait for a relatively reliable signal that the pair's descent is about to continue.
Miembro desde Nov 03, 2014
posts 37
Nov 20, 2014 at 13:57
Miembro desde Nov 03, 2014
posts 37
victoriajensen posted:
I think that EUR/USD might keep climbing until it reaches 1.2620, but the market is so uncertain at the moment that buying now would mean taking a considerable risk. Personally, I'd rather wait for a relatively reliable signal that the pair's descent is about to continue.
Yes thats right. The last week or so has been pretty uncertain and this is spilling onto this week as well 🙄
Yes! with the right skill....its possible to make 40% a day in Forex.
Nov 20, 2014 at 14:42
Miembro desde Sep 21, 2014
posts 3
victoriajensen posted:
I think that EUR/USD might keep climbing until it reaches 1.2620, but the market is so uncertain at the moment that buying now would mean taking a considerable risk. Personally, I'd rather wait for a relatively reliable signal that the pair's descent is about to continue.
That gonna be time to short again, or how do you think ????.
Miembro desde Jun 08, 2014
posts 454
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