EUR/USD
Member Since Aug 30, 2012
104 posts
Jan 31, 2015 at 14:08
Never hold positions over the weekend. bad policy!
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Jan 31, 2015 at 14:11
prachait posted:It is better to put your technical analysis rather than put what others say ... be a trader not playerhoneill posted:
It’s been a fundamentally eventful start to the year for the global economy’s central banks – the SNB removing its peg, the ECB announcing a 1.1 trillion euro stimulus package, and now Yellen privately hinting to US lawmakers that a rise in interest rates might not come as soon as the markets expect. The technicals, as usual, reflect this recent uncertainty in the form of a triangle consolidation pattern (pennant) over the course of the week.
I remain technically bearish on the pair under its 10-day moving average (it has been under this level since mid-December) at 1.1350, though we really need a break above 1.1450 (above the 61.8% retracement level) to confirm the medium-term downtrend has ended.
😀 Good One |
How about the people saying that EURUSD will have the downward trend to 1.115 ?
Thanks, Prachait
Member Since Nov 21, 2011
1718 posts
Jan 31, 2015 at 14:47
Monthly chart...
Attachments:
Member Since Nov 12, 2010
178 posts
Jan 31, 2015 at 14:51
blownaccount posted:
Never hold positions over the weekend. bad policy!
I have actually made quite a bit of money on the gaps. The trick is not to hold very large positions over the weekend to mitigate risk. Last weekend with Greece I figured it would gap down and it did (50 pips). You just have to see what news might come out over the weekend and how things have been trading and take an educated guess on the way it will open and you can make a little bit.
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Member Since Jun 08, 2014
454 posts
Feb 01, 2015 at 10:26
have a great weekend everyone!
Member Since Mar 23, 2014
5 posts
Feb 01, 2015 at 12:11
Could it be that we test the upper trend channel first, before resistance breakthrough?
Maybe in a long sideway movement below the triangle formation?
Maybe in a long sideway movement below the triangle formation?
Member Since Nov 12, 2010
178 posts
Feb 01, 2015 at 20:58
As of right now, looks like an upward gap today at the open
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Member Since Apr 14, 2014
230 posts
Feb 01, 2015 at 21:34
I don't see any gaps yet.
Member Since Nov 12, 2010
178 posts
Feb 01, 2015 at 21:40
The price fluctuates all weekend as some trading still goes on, just not for us little guys.
You can view current prices on websites such as
www.xe.com
OR
https://www.cnbc.com/id/15839178
You can view current prices on websites such as
www.xe.com
OR
https://www.cnbc.com/id/15839178
See my profile or message me for my latest EA
Feb 01, 2015 at 22:28
I think we will have a very interesting week ahead of us.
https://www.reuters.com/article/2015/01/31/us-eurozone-greece-idUSKBN0L40IL20150131
https://www.reuters.com/article/2015/01/31/us-eurozone-greece-idUSKBN0L40IL20150131
Member Since Nov 11, 2012
271 posts
Feb 01, 2015 at 22:55
Some good news from Greece finally.....will the EUR recover massively this week? Lets see.
antariks1@
Member Since Aug 30, 2012
104 posts
Feb 02, 2015 at 07:49
Yep Market Gaped Up! we normally do not hold positions over the weekend, but the octave system was predicting a gap. so it worked out great, closed out all the winning trades a few minutes ago and just waiting on the next trade.....
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Member Since Apr 08, 2014
1141 posts
Feb 02, 2015 at 09:54
EURUSD is consolidating in a tight range; it looks like the market is taking a pause to bread as the pair waits for the Friday’s nonfarm payrolls.
"I trade to make money not to be right."
forex_trader_187695
Member Since Apr 25, 2014
19 posts
Feb 02, 2015 at 10:50
Sell EURUSD now at 1.13500. Good luck!
Member Since Oct 08, 2011
137 posts
Feb 02, 2015 at 16:02
Either one of the highs of the last 4 days are legitimate buy-stop entries. (major price-bar formation)
Add 1 pip to either one of the highs (ask price) to enter a trade.
This is only valid, if the high from Friday is traded through on today's bar.
Tomorrow, the current formation is not valid anymore if it does not happen today.
There may be another formation to enter tomorrow.
Prices are currently at 1.1344
Add 1 pip to either one of the highs (ask price) to enter a trade.
This is only valid, if the high from Friday is traded through on today's bar.
Tomorrow, the current formation is not valid anymore if it does not happen today.
There may be another formation to enter tomorrow.
Prices are currently at 1.1344
"a little bit of knowledge is a dangerous thing"
Member Since Oct 11, 2013
775 posts
Feb 02, 2015 at 16:20
Good range for the EURUSD between the 1.1276 area as support and the 1.1363 zone as resistance.
Member Since Jul 10, 2014
1117 posts
Feb 02, 2015 at 19:19
honeill posted:
EURUSD is consolidating in a tight range; it looks like the market is taking a pause to bread as the pair waits for the Friday’s nonfarm payrolls.
I agree, we will likely have to wait for the US Non-Farm payrolls to provoke some volatility on the market.
Member Since Jun 08, 2014
454 posts
Feb 02, 2015 at 20:29
the market is almost not moving and there are no opportunities on the pair at the moment.
