EUR/USD
Jan 07, 2016 at 08:53
On yesterday session the EURUSD initially fell but found enough buying pressure to turn around and closed in the green near the high of the day, in addition managed to close within the previous day range, suggesting a week bullish momentum.
The pair closed for the second time below 50-day moving average that is acting as a dynamic resistance.
The key levels to watch are: the 10-day moving average at 1.0864 (resistance), the 1.0819 (resistance), the 50-day moving average at 1.0800 (resistance), a Fibonacci extension at 1.0703 (support) and a daily support at 1.0622.
The pair closed for the second time below 50-day moving average that is acting as a dynamic resistance.
The key levels to watch are: the 10-day moving average at 1.0864 (resistance), the 1.0819 (resistance), the 50-day moving average at 1.0800 (resistance), a Fibonacci extension at 1.0703 (support) and a daily support at 1.0622.
"I trade to make money not to be right."
Jan 07, 2016 at 10:52
The euro started the 2015 with a break below the psychological level at 1.20. The price rebounded from a 12-year low at 1.0465. In a case of breakthrough below this level, the pair should meet the support at 1.0240 and 1.0090 - low of 07.2002 If the direction of movement reverses, a strong resistance can be expected at 1.1180, 1.1490 and 1.1760.
Jun 08, 2014 부터 멤버
게시물454
Jan 07, 2016 at 18:28
Good that I didn't rush into opening a short positions and waited for the break under the support line. I didn't notice the double bottom on the 4 hour chart.
Jul 10, 2014 부터 멤버
게시물1117
Jan 07, 2016 at 18:41
(편집됨 Jan 07, 2016 at 18:48)
EUR/USD is moving to the upside again after it failed to break below the support at 1.0710. The pair will likely reach the resistance at 1.0900, and if it breaks above that level then it will probably climb to 1.1000.
Jan 08, 2016 at 08:23
The euro registered a successful session against the dollar on Thursday. The single currency justified the positive expectations and continued its bullish movement, which began on Wednesday. If the bulls keep their intensity, resistance at 1.1003 will be overcome soon. The session started at a price of 1.0779, as bull prevailed. Peak of the day was reached at 1.0939 and session closed with only 10 pips below.
Jan 08, 2016 at 09:50
On yesterday session the EURUSD rallied with a wide range and closed in the green near the high of the day, in addition managed to close above previous day high, suggesting a strong bullish momentum.
The pair closed above the 10 and 50-day moving average that is acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
The pair closed above the 10 and 50-day moving average that is acting as a dynamic support.
The key levels to watch are: 200-day moving average at 1.1052 (resistance), previous swing high at 1.0992 (resistance), 10-day moving average at 1.0870 (support), the 1.0819 (support) and the 50-day moving average at 1.0807 (support).
"I trade to make money not to be right."
Jul 10, 2014 부터 멤버
게시물1117
Jan 08, 2016 at 14:38
Once again the reaction to the NFP was quite disappointing, at least for me. There was only a whipsaw. EUR/USD reached the support at 1.0800 and bounced off of it. I doubt it will break above 1.1000 before next week.
Sep 12, 2015 부터 멤버
게시물1948
Jan 08, 2016 at 15:12
victoriajensen posted:
Once again the reaction to the NFP was quite disappointing, at least for me. There was only a whipsaw. EUR/USD reached the support at 1.0800 and bounced off of it. I doubt it will break above 1.1000 before next week.
The only way to trade numbers is with a straddle and close out on the first bounce.
"They mistook leverage with genius".
Jan 08, 2016 at 18:23
PERPETUUMMOBILE posted:
EUR/USD entry signals
I do not forecast markets, nor do I predict trend directions.
I read price-bar formations which give entry signals when they are present.
There are major and minor entry signals which determine the risk to be taken on a trade (lot size) as well as how the SL is to be managed.
Monthly chart:
Of the last 4 price bars, 3 consecutive bars were in the same (down) trend (open was higher than close price)
The most recent finished bar (December) points in the opposite direction, therefore is a trend reversal (open low and close price is higher). the December bar is also an outside bar (lower low and higher high than the preceding (November) bar.
The rule:
if there are at least 3 bars in the same trend (in this case open high close low) followed by a reversal bar, the high of the reversal bar (in this scenario) is a MINOR entry signal.
Place a buy-stop entry 1 pip above the high (ASK price) of the December bar.
Place the SL at least 4 pips below the low of the same bar.
Place the TP below the 1st reverse-hook, which on your chart is 1.1494
The current bar is Nr. 11 in consolidation which started with the March bar of last year.
All following bars since March have either the open or the close (or both) INSIDE the high and low of the March bar.
A consolidation can not contain more than 10 bars, meaning that Nr. 11 is the last bar that can be traded / according to the rules.
Weekly chart:
The weekly chart shows a price consolidation with currently 6 bars.
As I have written before, the 6th bar in consolidation is the most difficult to trade and should be avoided.
There are 3 legitimate MAJOR entry signals visible.
Buy-stop at the high from last week (1.0991 on our chart) plus 1 pip (ASK price)
Buy-stop at the high from 3 weeks ago (1.1058 on our chart) plus 1 pip (ASK price)
The low of 5 weeks ago is also a legitimate MAJOR entry signal as it is a down-hook. (1.0515 minus 1 pip BID price)
Daily chart:
The daily chart is in a trading range with the current bar being Nr. 24
The long bar that was formed on Dec. 3rd is the measuring bar (MB), because all following bars have either the open or close price (or both) inside the high and low of the MB.
Trading out of a range is done by counting 3 sections, which usually start with a double/top or double bottom.
In this case, there is only 1 double/top that is followed by 3 sections, which makes the low of Tuesday (1.0709 minus 1 pip BID price) a legitimate MAJOR entry signal.
If prices do not break through this low, then there should be buy-stop entries formed in the next few days which I will post when they are completed.
In the meantime, the entries from the weekly charts can be traded, which will be very similar to what could possibly be traded on the daily charts.
All price bar formation rules are valid in all timeframes.
Take a close look at consolidations, congestions and trading ranges on intraday charts, like the 30 or 60 minute charts or even the 5 minute charts.
You will find that the same formations occur on these time frames as well.
Trade what you see on the charts and NOT what you (or others) think.
If you strictly follow these rules you will realize that trading can be made quite easy.
,,,,,,
Exactly! it formed a digonal tiangle for wave 1, the wave 2 and now euro is just heading up.
wassim.azhari1@
Jan 08, 2016 at 18:24
Looking at USdollar c hart. you can see the dollar was over bought, and a 5 waves was formed.
in my opinion the US dollar is losing strength against most currencies. look at charts not news, if you listen to what most people say then the chances are you are trading with the 90% who constantly lose
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in my opinion the US dollar is losing strength against most currencies. look at charts not news, if you listen to what most people say then the chances are you are trading with the 90% who constantly lose
첨부 파일:
wassim.azhari1@
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Dec 17, 2015 부터 멤버
게시물10
Jan 08, 2016 at 18:29
It's starting up trend for long term. SL <1.04
Happy trading!...
Happy trading!...
Jun 08, 2014 부터 멤버
게시물454
Jan 08, 2016 at 19:23
Next challenge for the EUR/USD will be breaking 1.0914, price might bounce from that level if not and closed over I will wait for entry point over the resistance level.
Sep 12, 2015 부터 멤버
게시물1948
Jan 08, 2016 at 19:34
Wassim posted:
Looking at USdollar c hart. you can see the dollar was over bought, and a 5 waves was formed.
in my opinion the US dollar is losing strength against most currencies. look at charts not news, if you listen to what most people say then the chances are you are trading with the 90% who constantly lose
Forget about chart patterns and signals when sentiment drives markets at data releases.
"They mistook leverage with genius".
Oct 02, 2014 부터 멤버
게시물909
Jan 09, 2016 at 14:44
Good move last week, quite surprising.
Positivity
Nov 12, 2010 부터 멤버
게시물178
Jan 09, 2016 at 18:36
Diamond_Trader posted:
It's starting up trend for long term. SL <1.04
Happy trading!...
I highly doubt that, I think we are just stuck in a tight range for the time being. I believe we are still in a down trend long term. Good luck though.
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