EUR/USD

[cogs]

Apoc,

I only use the 4hr, day and week to support my trade decision, and don't even use these rainbows to trade with, I use a completely different system and sometimes entering using M1 charts, problem is now days is the algo's working to shake retailers out, hence the noise. I read recently about one of the real reasons for volutility increase was brokers platforms (starting with FXCM) shifting to 5 digits which meant retail traders would hold for longer so more volutility was required to shake them out, and so coded into the algo's.

Anyway, back on the euro I think it will be a tough push up, inverse the usdchf retracing up to 100% in their trending directions with the ever present commercials in control.

[>Apocalypto<]

Sellers out in force this Asian session.

[cogs]

Bit of a nasty run that one, across the board. Closed my long up the top but was otherwise occupied to put the shorts on. Still doesn't look quite right.

[>Apocalypto<]

Bit of a nasty run that one, across the board. Closed my long up the top but was otherwise occupied to put the shorts on. Still doesn't look quite right.

E$ making a new weekly low...

[cogs]

A few longs, hope this one has some legs in it, It's due for mid 30's, see how we go.

eurusd.png

[cogs]

A few longs, hope this one has some legs in it, It's due for mid 30's, see how we go.

eurusd.png

3050's that is.

[TulipFX]

Did you take your positions on the way down, or the way up? Good luck ")

[cogs]

Both actually.

I'm out already, doesn't look quite right, but no market does to me anymore.

[cogs]

Both actually.

I'm out already, doesn't look quite right, but no market does to me anymore.

Placed on 10th and 11th.

[>Apocalypto<]

nice move down this morning... watched the 10am bar close.. didn't take the sell as the wick throw me a bit.. but one of those buy traps... eur signal was better aud imo.. see what the rest of the day brings

[CanOz]

With a bit of time this morning i have applied my new Kinetick FXCM data to my Rancho Dinero volume profiling charts to see how the market structure looks on FX, the EURUSD pair.

You can see that the peaks and valleys on the first chart with the blue composite is quite useful for identifying key levels. The peaks on the composite can be used as target areas where price has been easily accepted in the past. The valleys can be used as potential rejection points for reversals...areas where little or no volume has been done in the past.

The second chart is used to identify where the order flow is changing from a balance of buyers to sellers and vise versa. You can see where volume is increasing on a rally but yet buy volume is decreasing. This divergence can indicate that the rally is running out of steam.

I have used the trade plan to indicate some key levels for the next session....

Enjoy...

CanOz

[OGRooney]

EURUSD has broken it's two month range... S & P Futures are dropping but holding range

[cogs]

This divergence can indicate that the rally is running out of steam

Run out of steam it has. Did you trade your indicators? they appear dependable med term.

To me it appears the USD appears to be artificially inflated to counter the cash printing, hence the eurusd fall. The USDCHF and the USDX with older day chart patterns should have rolled over by now, but this artificial activity seems to be showing up all the more obvious to me now days without indicators.

Although now it's becoming obvious the move is to close the shorts up to 82.250 and the USDCHF up to 0.97 before a well earned drop.

usdx.png

The inverse EURUSD all the way down to 1.2370 is all unfinished business. See if I can fully trade my thoughts which I often struggle to do, as you can see got in way too late here after closing shorts above.

eurusd.png

[CanOz]

I don't trade fx cogs. It's like trying to learn three markets at once for me. To many opens.

Good luck!

CanOz

[cogs]

Seems very few do, on ASF's.

[bailx]

So what are the odds?

eurusd_fx21jun12_to_13dec12.png