EURUSD....Euro

[Whiskers]

Yeah, got the right ticket this time... a Morning Star on the 30min.

Should see it rise for a lttle while at least.

May be the tipping point for the USD Index.

... and I think I can see an inverted H&S coming on here too... 1.276ish.

 

[BentRod]

You trading it whiskers?

Where is your stop and entry??

cheers

 

[Whiskers]

You trading it whiskers?

Where is your stop and entry??

cheers

Just paper trading atm... but seriously considering venturing into forex.

Would have taken the AUD on the breakout... similarly here about 1.2588... but factoring in my amateurish EW, I might have a little on from here, 1.25ish thinking it's about to kick off the 3rd wave.

PS: I'd had 1.2460 as a stop... EW count would be wrong... but looks like north she goes.

 

[BentRod]

Get into it mate.

No minimum account size for forex , just trade small to start.

Better than paper trading.
You will learn a lot quicker.

 

[Wysiwyg]

Just paper trading atm... but seriously considering venturing into forex.

You can spin the bottle in the mini forex for minmal outlay until overconfidence drags you into the majors.:

 

[Whiskers]

Yeah... time is my problem atm ... might slack off my share trading and analysis a bit to make a bit of time for this.

 

[BentRod]

time is my problem atm ... might slack off my share trading and analysis a bit to make a bit of time for this.

Looking forward to you posting some real trades my little pussy fart :

 

[Whiskers]

... and I think I can see an inverted H&S coming on here too... 1.276ish.

Ended up going to bed, but she settled around the 1.27's after overshooting to 1.285's.

Looking forward to you posting some real trades my little pussy fart :

Yeah, and I feel like a fart (wasted energy) when I get it right, but only on paper.

 

[>Apocalypto<]

things getting interesting on the E/$

visible double bottom. but could be nothing more then a set up to break lower..

1.2375 a strong price point and one to watch.

one thing to keep in mind is rate cuts. will the eu make any more surprise cuts?

Looks like it wants to move lower on the very short term. as you can see the lower highs three in a row.

not sure on what was said at the G20 but that could show a gap for Monday morning.......

Cheers

 

[CFDTrading]

Dollar Remains Primed for Breakout Against Euro, British Pound

This is the short term analysis from our analysts at CFDtrading.com. they think a breakout is imminent.

The Euro remains in a tight wedge formation against the US Dollar, with Rangebound price action likely to culminate in breakouts through short-term currency trading. Given a previously bearish bias on the Euro/US Dollar pair, a downside break and further US Dollar strength seems the more likely outcome. Near-term EUR/USD support comes in at previous spike lows of 1.2390, while the 61.8 percent Fibonacci retracement of the 1.3120-1.2390 move at 1.2835 presents the clearest hurdle to any further Euro gains.

The British Pound/US Dollar pair remains in much the same situation as the rest of its forex trading counterparts, trading within a progressively narrower range through recent price action. It serves to note that the GBP/USD is currently challenging clear resistance at its multi-week downtrend line, and a break higher would signal that a move towards next noteworthy resistance at 1.5500 is likely. Short-term support comes in at the psychologically significant 1.5000, and a breakdown would instead imply that a drive to new lows is the more likely outcome.

 

[>Apocalypto<]

hey hey!

Blast off time on the euro!

 

[sinner]

http://www.safehaven.com/article-11880.htm

Despite the Iran element of the dollar decline, caution is urged of renewed selling waves in the greenback vs. all majors except the yen as seasonal reversals in FX markets usually emerge in the last 5-6 weeks of the year, paring the flows prevailing in Sep-Oct. These reversals emerge from end-of-year position squaring, with dealing desks functioning on skeleton staffs. The chart below illustrates this phenomenon for EURUSD over the last 3 years. A repeat of these trends could see reversals in EURUSD, GBPUSD and USDJPY towards $1.33, $1.62 and 100.00.

 

[>Apocalypto<]

http://www.safehaven.com/article-11880.htm

that chart anit to conclusive sinner.

most of the boxes show chop to selling nor any great deal of buying apart from one case.

I am bullish on the euro on the short term but ECB rate cuts are to be watched in the current climate.

normally Dec though Jan are quiet months on the interbank, but in the current climate no safe bets on that.

cheers.

 

[>Apocalypto<]

Tonight's Trades........


Red horizontal line at 7:00 starts my trading day that's 1 hour before the Paris open. I have another red line at 17:00 that ends the day. I mostly trade to 15:00. (not on normal work days)

Red ticks are wins red cross for loss.

Trade 1 Short +14
Trade 2 Short -15
Trade 3 Long +20
Trade 4 Short +15
Trade 5 Short +17

Busy night tonight nice busy way to end the week. Still have 2.5 hours left in my session.

 

[>Apocalypto<]

Last trade of the morning.

Short +15

wild end to the session some big moves!

this rally seems to have topped not looking to healthy. could be another us session of risk aversion.....

 

[BentRod]

Should be a few stops underneath those lows....looks like they might get popped off shortly.

4Hour chart.

 

[IFocus]

Might be one of those coily thingy's speaking of which anyone seen Kauri around lately


.

 

[BentRod]

Might be one of those coily thingy's speaking of which anyone seen Kauri around lately

Was wondering where the big man is too, no idea

 

[BentRod]

Just tried adding to my Euro shorts with nice tight stop above Todays highs.

Most likely get pinged but looks like a good RR trade.

Worth a shot.

 

[lusk]

Just tried adding to my Euro shorts with nice tight stop above Todays highs.

Most likely get pinged but looks like a good RR trade.

Worth a shot.

Bentrod, Adding to your shorts? trend looks up?