EUR/USD
Membro Desde Nov 03, 2014
37 posts
Nov 18, 2014 at 15:46
It looks ready to go below 1.2400 in the coming time
Yes! with the right skill....its possible to make 40% a day in Forex.
Nov 18, 2014 at 20:57
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
Membro Desde Apr 14, 2014
230 posts
Nov 19, 2014 at 00:22
At the moment, ranging from 1.2500 to 1.2540, let's see how long the consolidation would last.
Nov 19, 2014 at 07:39
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
Membro Desde Apr 08, 2014
1141 posts
Nov 19, 2014 at 07:59
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."
Membro Desde Oct 08, 2011
137 posts
Nov 19, 2014 at 09:12
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"
Membro Desde Jul 10, 2014
1117 posts
Nov 19, 2014 at 17:44
It looks like the EUR/USD correction might last a little longer. It appears it is headed for target 1.2670.
Membro Desde Nov 11, 2012
271 posts
Nov 19, 2014 at 20:40
Next upside target is 1.2606 and then 1.2635.
Very strong support around 1.2460
Very strong support around 1.2460
antariks1@
Nov 19, 2014 at 21:12
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
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.
Membro Desde Jun 08, 2014
454 posts
Nov 19, 2014 at 22:05
as long as we are over 1.2500 My open buy position will still be open targeting 1.2630
Membro Desde Apr 14, 2014
230 posts
Nov 19, 2014 at 22:45
We shall see the final reaction to FOMC minutes tomorrow, 1.26 level would be psychological level to break.
Membro Desde Apr 08, 2014
1141 posts
Nov 20, 2014 at 08:25
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."
Membro Desde Nov 03, 2014
37 posts
Nov 20, 2014 at 09:50
We should break 1.2600 today. and from there short-sell to below 1.2400 😎
Yes! with the right skill....its possible to make 40% a day in Forex.
Membro Desde Jul 10, 2014
1117 posts
Nov 20, 2014 at 13:48
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.
Membro Desde Nov 03, 2014
37 posts
Nov 20, 2014 at 13:57
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
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 ????.
Membro Desde Jun 08, 2014
454 posts
Nov 20, 2014 at 22:04
very slow day today. and my buy position is open and I don't see any change in the market to close it. still waiting for 1.2630
