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EUR/USD
Anggota Sejak Apr 14, 2014
230 pos
Apr 14, 2015 at 00:19
Anggota Sejak Apr 14, 2014
230 pos
Abdul2012 posted:
EUR/USD fell down today to 1.0521 and rebound from the 1.0500 support level but the dollar still stronger than the euro and i am expecting more down in the future.
Greek concerns continue to give pressure to Euro, the Euro rebound from the new low 1.0521 but the bounce was capped by 1.0600 level.
Apr 14, 2015 at 08:31
Anggota Sejak Apr 08, 2014
1141 pos
EURUSD initially tried to rally but found enough selling pressure at 1.0622 to turn around and move downward where it also did not stayed for long, closing in the middle of the daily range. The pair is trading within this daily support zone [1.06220 | 1.04620] also known of “no man’s land” and choppy trading is to be expected until a clear breakout of this area.
"I trade to make money not to be right."
Apr 14, 2015 at 15:13
Anggota Sejak Jun 07, 2011
372 pos
EUR / USD continued to trade lower on Monday touched the support among the 1.0500 and recovered.
The momentum indicates that could now be some recovery.
The RSI went out of their territory of overselling, while the MACD fell and crossed above its trigger line.
The momentum indicates that could now be some recovery.
The RSI went out of their territory of overselling, while the MACD fell and crossed above its trigger line.
Anggota Sejak Jul 10, 2014
1117 pos
Apr 14, 2015 at 18:01
Anggota Sejak Jul 10, 2014
1117 pos
I was hoping that EUR/USD would reach the support at 1.0470 and then break below it, continuing on its way to parity but the pair formed a spinning top candlestick at the support at 1.0520 and started climbing again. It looks like the consolidation will continue for a while longer. I think the pair will continue climbing until it reaches 1.1000 again, or perhaps even 1.1200.
Anggota Sejak Jun 08, 2014
454 pos
Apr 14, 2015 at 18:12
Anggota Sejak Jun 08, 2014
454 pos
victoriajensen posted:
I was hoping that EUR/USD would reach the support at 1.0470 and then break below it, continuing on its way to parity but the pair formed a spinning top candlestick at the support at 1.0520 and started climbing again. It looks like the consolidation will continue for a while longer. I think the pair will continue climbing until it reaches 1.1000 again, or perhaps even 1.1200.
I don't think we will see a break on the support line 1.0500 for a while
Anggota Sejak Jan 14, 2015
3 pos
Apr 15, 2015 at 08:18
Anggota Sejak Apr 08, 2014
1141 pos
EURUSD rose on yesterday session after disappointing US Retail Sales but found enough selling pressure at 1.06806 Fibonacci level (23.6) to give back some of its gains but still closing near the high of the day. It was a typically news driven movement and the downward trend is still intact. A close above the 10-day moving average may shift the short-term trend.
"I trade to make money not to be right."
Anggota Sejak Oct 08, 2011
137 pos
Apr 15, 2015 at 10:58
Anggota Sejak Oct 08, 2011
137 pos
Each price bar (with the exception of a doji) has a trend within itself, regardless of the time-frame you are looking at.
If a bar has a higher opening price than close price - it is called a down-trend bar, and vice-versa it is called an up-trend bar.
When looking at the daily chart, there are 6 bars in the same trend (down-trend). They all have a higher open-price than close-price!
Yesterday's bar was a so-called reversal bar, as the trend is in the opposite direction (open-price is lower that the close price)
There is a minor-entry signal rule according of the language of the charts:
If there are 3 (or more) bars in the same trend and then a reversal bar, the high of the reversal bar (ask + 1 pip) can be bought - if at least 3 preceding bars were in a down-trend,
and the low of the reversal bar (bid (-) 1 pip) can be sold if 3 (or more) preceding bars were in an up-trend.
In the EUR/USD case, a buy-stop order can be place over the top of the high from yesterday (as described above)
A break can be traded to near 1.0800/1.0900/1.1150
In addition, I have described congestions several times. First bar we trade is bar Nr. 17, best bars to trade are bar 21 through 29.
Today's bar is Nr. 21
This rule is time-frame independent - as all rules are.
The low from Monday (1.0519 minus 1 pip) is a major sell-stop entry point and could trade to near 1.0400/1.0200
We usually place both trades. If one fails, the other one usually is ok. Often both trades are positive, if the SL is managed properly.
If a bar has a higher opening price than close price - it is called a down-trend bar, and vice-versa it is called an up-trend bar.
When looking at the daily chart, there are 6 bars in the same trend (down-trend). They all have a higher open-price than close-price!
Yesterday's bar was a so-called reversal bar, as the trend is in the opposite direction (open-price is lower that the close price)
There is a minor-entry signal rule according of the language of the charts:
If there are 3 (or more) bars in the same trend and then a reversal bar, the high of the reversal bar (ask + 1 pip) can be bought - if at least 3 preceding bars were in a down-trend,
and the low of the reversal bar (bid (-) 1 pip) can be sold if 3 (or more) preceding bars were in an up-trend.
In the EUR/USD case, a buy-stop order can be place over the top of the high from yesterday (as described above)
A break can be traded to near 1.0800/1.0900/1.1150
In addition, I have described congestions several times. First bar we trade is bar Nr. 17, best bars to trade are bar 21 through 29.
Today's bar is Nr. 21
This rule is time-frame independent - as all rules are.
The low from Monday (1.0519 minus 1 pip) is a major sell-stop entry point and could trade to near 1.0400/1.0200
We usually place both trades. If one fails, the other one usually is ok. Often both trades are positive, if the SL is managed properly.
"a little bit of knowledge is a dangerous thing"
Anggota Sejak Apr 14, 2014
230 pos
Anggota Sejak Jun 08, 2014
454 pos
Anggota Sejak Jul 10, 2014
1117 pos
Apr 15, 2015 at 17:44
Anggota Sejak Jul 10, 2014
1117 pos
EUR/USD continued on its way up after the ECB rate decision was announced and Draghi's press-conference. The pair will likely soon reach the resistance at 1.0750, which coincides with the 89(MA) on the four hour filter chart but I think it will be able to break above it.
Apr 15, 2015 at 22:44
Anggota Sejak Jun 07, 2011
372 pos
EUR / USD rose yesterday after US retail sales have risen less than expected in March.
In the bigger picture, the EUR / USD is still trading below the moving averages 50 and 200 days.
A clear close below 1,046 will confirm a minimum lower future and trigger broader downward trend.
In the bigger picture, the EUR / USD is still trading below the moving averages 50 and 200 days.
A clear close below 1,046 will confirm a minimum lower future and trigger broader downward trend.
Anggota Sejak Apr 14, 2014
230 pos
Anggota Sejak Apr 12, 2015
6 pos
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