EUR/USD
Miembro desde Jun 08, 2014
posts 454
May 05, 2015 at 14:48
The EUR/USD is still trying to break the resistance line 1.1200 but still no luck. price keep rebounding from the resistance line it could be a good opportunity for a short on the rebound.
May 05, 2015 at 22:21
Abdul2012 posted:
EUR/USD in my opinion will keep on consolidate in this level till Friday and we will see some violate after the US data ( the Nonfarm payrolls and the Unemployment Rate )
I agree, Eur/Usd is probably going to consolidate between support zone 1.1055/1.0990 and next line of important resistance zone 1.1267/80 before Friday.
Miembro desde Apr 14, 2014
posts 230
May 05, 2015 at 23:38
csc2009 posted:Abdul2012 posted:
EUR/USD in my opinion will keep on consolidate in this level till Friday and we will see some violate after the US data ( the Nonfarm payrolls and the Unemployment Rate )
I agree, Eur/Usd is probably going to consolidate between support zone 1.1055/1.0990 and next line of important resistance zone 1.1267/80 before Friday.
Good point.
Miembro desde Apr 08, 2014
posts 1141
May 06, 2015 at 08:25
On yesterday session EURUSD initially fell but found strong support at the 10-day moving average to bounce off it and close near the high of the day. We may experience choppy action on the pair until Friday where is due the release of the US non-farm payrolls and the unemployment rate, but stick with your bullish guns.
"I trade to make money not to be right."
Miembro desde Oct 08, 2011
posts 137
May 06, 2015 at 14:29
EUR/USD buy-stop entry, daily chart update
The first possible entry I posted yesterday was the high from yesterday (ask price plus 1 pip)
which got filled early this morning. The price was 1.1224 on our charts.
The last possible entry was the high from last Friday (also ask plus 1 pip)
which got filled a little while ago. (1.1290 on our charts)
I mentioned that the confirmation hook (first hook after the major formation) is often used by institutional traders with larger amounts of money. Therefore pressure in the trade direction is created and confirms the new trend direction.
Suggested exits are near 1.1450 or near 1.1550, which is the next cavity stop on the daily chart.
Long-term traders (signal I posted off the weekly chart last week) should keep an eye on the GAP at 1.2000 which is visible on the monthly chart as well.
The first possible entry I posted yesterday was the high from yesterday (ask price plus 1 pip)
which got filled early this morning. The price was 1.1224 on our charts.
The last possible entry was the high from last Friday (also ask plus 1 pip)
which got filled a little while ago. (1.1290 on our charts)
I mentioned that the confirmation hook (first hook after the major formation) is often used by institutional traders with larger amounts of money. Therefore pressure in the trade direction is created and confirms the new trend direction.
Suggested exits are near 1.1450 or near 1.1550, which is the next cavity stop on the daily chart.
Long-term traders (signal I posted off the weekly chart last week) should keep an eye on the GAP at 1.2000 which is visible on the monthly chart as well.
"a little bit of knowledge is a dangerous thing"
Miembro desde Nov 21, 2011
posts 1718
May 06, 2015 at 14:41
****
Remember, we are long from 1.0830 and initial tp was 1.1330 (500 pips)
We just moved tp to 1.1630... looking for 800 pips... while Crowd getting short (63%)
Enjoy trading
****
Remember, we are long from 1.0830 and initial tp was 1.1330 (500 pips)
We just moved tp to 1.1630... looking for 800 pips... while Crowd getting short (63%)
Enjoy trading
****
Miembro desde Jul 10, 2014
posts 1117
May 06, 2015 at 17:56
EUR/USD moved to the downside but that movement was very short-lived because the pair couldn't break below the support at 1.1060 and rallied again, breaking above the resistance at 1.1260. I think correction will continue for the foreseeable future and the pair will likely reach 1.1700 - 1.1800.
Miembro desde Jun 08, 2014
posts 454
May 06, 2015 at 17:58
The EUR/USD keep climbing with the RSI showing overbought price might go for a retracement. but still there is no confirmation on the end of the bearish trend.
Miembro desde Jul 10, 2014
posts 1117
May 06, 2015 at 18:00
sherifFares posted:
The EUR/USD keep climbing with the RSI showing overbought price might go for a retracement. but still there is no confirmation on the end of the bearish trend.
I agree, the pair is climbing for now and will likely continue doing so in the near future but I doubt the long-term bearish trend is over yet.
Miembro desde Nov 21, 2011
posts 1718
May 06, 2015 at 19:41
ScalpingRus posted:CrazyTrader posted:
****
Remember, we are long from 1.0830 and initial tp was 1.1330 (500 pips)
We just moved tp to 1.1630... looking for 800 pips... while Crowd getting short (63%)
Enjoy trading
****
To bad it is in demo and doesn´t count for anything. Would of been nice if it had been in the only live account you traded in, but of course you ¨blew the chance of your life¨.
I almost forget after a year you still don't know how to use 'FX Blue'. Do you need a hand?
One day you may be gifted if you apply what you tell to others to yourself.
I know why you are mad,.... because you start to sell EURUSD from now... I know it, you always trade on the crowd side... looking for a bearish engulfing on 5 minutes.
By the way, I already forecast to postpone takeprofit much higher especially when I see so many guys thinking bearish trend isn't over... like if a double bottom wasn't clear enough... LOL
ps: 65% traders short... this is just the beginning of trend reversal.... I'll be patient and I will make 1000 pips in a trade!
Enjoy trading... each one his own style
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Miembro desde Apr 14, 2014
posts 230
May 06, 2015 at 21:14
1.1400 here we come, Eur/Usd hit fresh high around 1.1360 next psychological level is at 1.1400 level.
May 06, 2015 at 21:19
EUR / USD has recovered slightly above 1.1045 and is heading for 1.1260.
Momentum studies support the more advances, up to 1.1260.
The RSI regained its line 50 and is pointing to the upside and the MACD is already positive.
On the daily chart, the break above 1.1045 marked the conclusion of a possible training 'double bottom' something that could represent bullish implications wider.
Momentum studies support the more advances, up to 1.1260.
The RSI regained its line 50 and is pointing to the upside and the MACD is already positive.
On the daily chart, the break above 1.1045 marked the conclusion of a possible training 'double bottom' something that could represent bullish implications wider.
Miembro desde Nov 11, 2012
posts 271
May 07, 2015 at 06:07
Now the pair finally entered into that congestion area lasted between 27.1 to 25.2.2015. Time for bears to act soon vigorously and bring it down sub 1.05 level. Fib extention touch at 1.1420 before that.
antariks1@
Miembro desde Apr 08, 2014
posts 1141
May 07, 2015 at 08:44
EURUSD rallied on yesterday session breaking above the daily resistance at 1.1236 in a strong impulsive candle. The next target is 1.1460 January low and February high that should present some challenges to the pair. The lack of choppy action is due to the market anticipating that the US non-farm payrolls and the unemployment rate will be worse than expected.
"I trade to make money not to be right."
May 07, 2015 at 12:56
EUR / USD rose on Thursday, with the ADP report revealing that US private sector has gained fewer jobs than expected.
The pair broke above the main area of 1.1260.
The daily oscillators detect strong upward velocity to pave the way for more advances.
The RSI 14 entered on purchase and the MACD is above its zero line and signal pointing up.
The pair broke above the main area of 1.1260.
The daily oscillators detect strong upward velocity to pave the way for more advances.
The RSI 14 entered on purchase and the MACD is above its zero line and signal pointing up.
Miembro desde Jul 10, 2014
posts 1117
May 07, 2015 at 15:25
1.1390 proved to be a pretty strong resistance level for EUR/USD for the moment. The pair failed to break above it and moved to the downside again. I, personally, doubt that it will be able to break above the resistance before the US Non-farm payrolls tomorrow.
