EURUSD....Euro

[Naif]

Re: Euro.... (going up again?)

hello ppl ...
we are starting a new week and today we got important data.
we have a lot of data today and we should beware..
i think the market will focus today on the ism index data for us (jan)...

i bought eurusd 1.2945 and the stop loss 1.2920 , and the initial target 1.3000, then 1.3050 , and then 1.3100 , and the foruth target 1.3160 ..
i think its worth to risk with only 25 pips loss...

again , i just tell you people what i`m doing and i`m not suggesting to you any trades..

good luck

i moved my sl to 2915 .
the price now is 2922

i still expect that the eurusd will reverse... but this time i won`t change the sl, becuz if it reaches to 2915, that means its going to 2890 and this is a very strong support and many times tried to break it down but couldn`t, and i think that if 2915 was taken, then 2890 will be broke and will see eurusd nex week around 2750

lets watch..

good luck

 

[Naif]

Re: Euro.... (going up again?)

i moved my sl to 2915 .
the price now is 2922

i still expect that the eurusd will reverse... but this time i won`t change the sl, becuz if it reaches to 2915, that means its going to 2890 and this is a very strong support and many times tried to break it down but couldn`t, and i think that if 2915 was taken, then 2890 will be broke and will see eurusd nex week around 2750

lets watch..

good luck

it hitted my sl with loss 30 pips

we`ll see if the eurusd will close today below 2915 level or will break 2890 after the ism data.

good luck

 

[theasxgorilla]

Re: Euro.... (going up again?)

If it breaks 2890 one might expect to see it fall to 2830ish...which will coincide with the 200-day MA, a medium term up trend line and a 61.8% retracement of a previous significant range.

I really enjoy this thread Naif, keep going!

 

[Kauri]

Re: Euro.... (going up again?)

The sloping support/resistance line is proving to be quite strong..

 

[Naif]

Re: Euro.... (going up again?)

technically, the eurusd is going to 1.2825, as you see from the flag which means that eurusd is going to break it down and we need a close below 1.2890 levels..
but fundamentally, i see that eurusd should go to 1.3120, then 1.3185

its a lil complicated

 

[theasxgorilla]

Re: Euro.... (going up again?)

Well, if you apply EW guideline of alternation...then Wave 2 of the impulse move down was a 3 wave formation...Wave 4 (which we're currently in) could therefore be a 5 wave formation...which suggests that your up to 1.31x scenario is more likely...THEN the down to 1.2825.

Lets see

 

[Naif]

Re: Euro.... (going up again?)

hey everyone..
why is this forum a sleep??

anyway , the rallies from 1.2912 to 1.3025 for eurusd with no corrections , i think its time now to correct to 1.2955 level, so it will be a bottom and the bulls will start there to push the eurusd to 1.3050 and break it up..

this 4h chart

 

[Naif]

Re: Euro.... (going up again?)

what do you think?

 

[bvbfan]

Re: Euro.... (going up again?)

Euro move foretold by the declining bond yields?
5 year

10 year

 

[theasxgorilla]

Re: Euro.... (going up again?)

The sloping support/resistance line is proving to be quite strong..

In your count the wave 4 overlaps wave 1. Are you strict about this in your counting, or do you convert to say line charts based on a daily close to try and filter out noise and price extremities.

The ASX Gorilla.

 

[Kauri]

Re: Euro.... (going up again?)

In your count the wave 4 overlaps wave 1. Are you strict about this in your counting, or do you convert to say line charts based on a daily close to try and filter out noise and price extremities.

The ASX Gorilla.

Hi ASC G..
With shares I stick strictly to the overlapping rules, but with FX I allow an overlap so long as the closes don't overlap. Not very scientific I know, but I find that works best with the data I have.
Cheers
Kauri

 

[Naif]

Re: Euro.... (going up again?)

eurusd broke up the downtrend line after Trichet speech, i will wait for 1.3010 level to buy with stop loss 35 pips, and the first target 1.3050, then 1.3120

good luck

 

[theasxgorilla]

Re: Euro.... (going up again?)

eurusd broke up the downtrend line after Trichet speech, i will wait for 1.3010 level to buy with stop loss 35 pips, and the first target 1.3050, then 1.3120

good luck

Nice trade so far Naif. Well done.

 

[Naif]

Re: Euro.... (going up again?)

the low is 2983 ..

i am still holding my longs and eurusd need to close above the downtrend lind to say that the direction is north.
moved my sl to 2960 and my targets are not changed

the chart

 

[Naif]

Re: Euro.... (going up again?)

 

[Naif]

Re: Euro.... (going up again?)

eurusd still respect the broken trendline.. i can say that 80% we will see 1.31 next week

 

[Naif]

Re: Euro.... (going up again?)

after today close, i expect that eurusd will open next week above 1.3010 and maybe higher than 3010... we will have a good resistance around 3040 level and then 3120, and then the strog resistance 3180..

i`m sorry guys, i might not be able next week to analyze eurusd.

enjoy ur weekend guys

good luck

 

[Naif]

Re: Euro.... (going up again?)

in short and hurry..

the data of the cot tell me that next week we will see a strong rise for the eurusd..

eurusd now is 1.3022

 

[Naif]

Re: Euro.... (going up again?)

in short and hurry..

the data of the cot tell me that next week we will see a strong rise for the eurusd..

eurusd now is 1.3022

back again
missed this forum...
ok the last week was the high 3172..
now eurusd is 3182..
the 4h bar closed above 3173 which i think its important resistance, 1st it closed above the downline trend in the 4h bar, and closed above 61.8 fibonacci in the weekly chart from 1.3364 to 1.2865

we have now a good resistance which its 1.3215 level and it gonna face the upline trend for the ascending channel , and then the resistance 1.3275..

i will post soon with charts and analysing cot data

 

[Naif]

Re: Euro.... (going up again?)

back again ..

in the 6`th of Feb 2007 the intrest rate rised from 174 to 182 and the commercial traders increased their positions from 34 to 51 and the bullish rised from 23% to 31% and the large speculators decreased their positions from 85 to 74 ...
then in the 13`th of feb , intrest rate rised to 187 , but the commercials decreased from 51 to only 26 so the bullish is 17% ..
but the large speculators increased their positions to 105 ..

well what i expect that the commercials want the eurusd go higher so they can close their positions and go short from new highs...

what gonna happen this week is that we will see rise for the eurusd and and the coming week will not be that clear and maybe we will not see a clear direction for eurusd but starting from march we will see a clear downtrend for eurusd to 1.3000 level 1st and then will see what gonna happen..

some ppl told me that its illegal to tell u my orders or where to go long or short...
anyway if its legal hope u gonna tell me

again i`m sorry if my explaining was bad cuz i`m really a bad teacher

again i wanna see that the purpose of my analysing is not to advice you people to buy or sell, its just i think that its a good way to learn the methods that i use to make my trades..