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EUR/USD

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Re: EURUSD

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.
 
Re: EURUSD

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.
 
Re: EURUSD

cogs said:
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.
Click to expand...

E$ making a new weekly low...
 
Re: EURUSD

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

 
Re: EURUSD

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

Both actually.

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

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
 
Re: EURUSD

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
 

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Re: EURUSD

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

This divergence can indicate that the rally is running out of steam
Click to expand...
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.



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.

 
Re: EURUSD

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

Good luck!

CanOz
 
EUR/USD Weekly

The pair has developed a head and shoulders formation while signaling a potential completion at the right shoulder top of the correction for the previous 1.3710-1.2744 descendent wave and is holding below its 200 period MA while above its faster MA.
Further downside is expected.
Sell at the current price or on a close below the 1.3246 resistance with a stop loss at 1.3427 and a target at 1.2797.
This provides a risk/reward ratio of 260/400.

EUR/USD Daily

The pair has developed a large head and shoulders formation on the weekly and daily timeframe and is currently at the potential top of the right shoulder while holding below the 1.3238 resistance and above both its moving averages.
Further downside is expected.
Sell at the current price with a stop loss at 1.3329, a first target at 1.3016 near the ascendent trendline and a secondary target at 1.2880 near the next support.
This provides a total risk/reward ratio of 127/320.

EUR/USD H1

The pair has advanced in a uptrend channel and is testing the 1.3263 resistance while the current price action in relation to the large head and shoulders formation on higher timeframes suggest that this can potentially be the top of the right shoulder.
The price holds above both its moving averages and can develop a potential double top or range at the current level.
Sell at the current price or a close below the 1.3263 level with a stop loss at 1.3313 and a target at 1.3075.
This provides a risk/reward ratio of 53/160.
 
EURUSD Forecast by Htsang

EURUSD Forecast for the week 20th January, 2014


Daily Chart


After beginning the week a tad higher , we hit resistance around the 61.8% retrace and continued lower
We have found temporary support at a 61.8% retrace from NOV low to Dec Highs,
Price action shows very heavy pressure and looks like a potential to go lower
Stronger support is lower at around 1.345 which is a confluence of a fib extension of 127.20 (reverse calculation of most recent swing retrace) & a 161.8 fib ext (of the Dec highs swing down to first week of Jan) and Also which is a Mid Monthly pivot from S1 to S2.
At this stage, trend traders would look for opportunity to short if Monday / Tuesday provides some retrace and Target 1.345 (As shown in 4 hourly Chart)


4 Hourly Chart

A very good potential short setup if a retrace to the 38.2/50/61.8 fib level with confirming price action candles to follow the short to find lower lows


Hourly Chart


Monday Asian session hourly candle had shown price action tried to break lower, but with another candle recovering (engulfing or a railway candlestick pattern) - this is showing market finding support at this current stage and wants to retrace higher before continuing down
On my hourly chart, I have only shown possible counter trade levels
Outlook Trade opportunity
This week I have a few trade setups.

Trend following Trades -
1 - Please look at the 4h Chart and Daily Chart

Counter Trend Trades
2 x Trade levels on the 1H Chart
 
i think now is time go under 1,35. market test 2x this area and go up..... here is many stoploss.
 
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