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No, the market bottomed 40mins after that was released.
EURUSD....Euro
- Thread starter MARKETWAVES
- Start date
No, the market bottomed 40mins after that was released.
white_goodman
BOC
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not every move is news related... may have been a technical rally
>Apocalypto<
20.03.2012
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or a bottom enforced to rally off the news.... o well it's happened no use working out why it happened after the event.
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glad I got back almost all of my losses last week !!! they were a huge one !!! am going to do smaller trade nowadays ... gone too big too fast and cannot act fast enough ... did not sleep till 2-3 this morning though, could have got more if I stayed from the chart but again nothing was certain, glad finished off on a happier note compared to last week... was kinda depressing, weeks earning gone in a day or two ...
now there is this going ? lots of people saying it is to top, but it never seems to ???
what the ?
now there is this going ? lots of people saying it is to top, but it never seems to ???
what the ?
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H4 graph
The pair is being traded along a downtrend having the lowering target set to levels 1.3550 and 1.3450. A slight correction takes place now, caused by the bounce off level 1.3800 (the neckline of “head and shoulders”). Levels 1.3953 and 1.4000 (gap level) are the resistances; the pair is supposed to turn from those levels soon. To gain a continuing down-trending impulse, the pair needs to get down below levels 1.3800 and 1.3700 again, what will lead to dropping to target levels 1.3550 and 1.3450. However, this lowering may be quite wavy, since the pair is moving along the 4th correctional wave (this is clearly seen on daily graph).
The pair is being traded along a downtrend having the lowering target set to levels 1.3550 and 1.3450. A slight correction takes place now, caused by the bounce off level 1.3800 (the neckline of “head and shoulders”). Levels 1.3953 and 1.4000 (gap level) are the resistances; the pair is supposed to turn from those levels soon. To gain a continuing down-trending impulse, the pair needs to get down below levels 1.3800 and 1.3700 again, what will lead to dropping to target levels 1.3550 and 1.3450. However, this lowering may be quite wavy, since the pair is moving along the 4th correctional wave (this is clearly seen on daily graph).
H4 graph
The pair is being traded along a downtrend having the lowering target set to levels 1.3550 and 1.3450. A slight correction takes place now, caused by the bounce off level 1.3800 (the neckline of “head and shoulders”). Levels 1.3953 and 1.4000 (gap level) are the resistances; the pair is supposed to turn from those levels soon. To gain a continuing down-trending impulse, the pair needs to get down below levels 1.3800 and 1.3700 again, what will lead to dropping to target levels 1.3550 and 1.3450. However, this lowering may be quite wavy, since the pair is moving along the 4th correctional wave (this is clearly seen on daily graph).
these patterns do not exist
no signal for sell nowhere! daily and weekly charts are clearly up
GL
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Question for the intraday traders of Euro/USD who do so in the European open timezone, which other instruments do you recommend watching for correlations?
I will be joining your clan for a few stabs at this instrument in about a week.
I will be joining your clan for a few stabs at this instrument in about a week.
Personally EUR/USD is my main instrument, or should i say 6E (futures)
i do display charts of another 6-8 favorites, ES,FESX, FDAX,CL, USD/CHF GBP/USD,AUD/USD USD/JPY sometimes one will break out of a consolidation, or just show the direction before 6E, and all too often it will be a false indication (the GBP guilty of that often)
Correlation right now is a bit messy, as i'm sure you know.
I use USD/CHF or 6S for scalp hedging purposes (in the right market conditions) with multiple contracts, but that is a difficult game that requires a LOT of consetration, good luck with your trades.
i do display charts of another 6-8 favorites, ES,FESX, FDAX,CL, USD/CHF GBP/USD,AUD/USD USD/JPY sometimes one will break out of a consolidation, or just show the direction before 6E, and all too often it will be a false indication (the GBP guilty of that often)
Correlation right now is a bit messy, as i'm sure you know.
I use USD/CHF or 6S for scalp hedging purposes (in the right market conditions) with multiple contracts, but that is a difficult game that requires a LOT of consetration, good luck with your trades.
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Welcome aboard matey
I watch gold/usd a little bit, but apart from that, the correlations are useless to me at this point.
Might be worth watching the spot market in conjunction with the futures.
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Thanks for the feedback guys.
I will also be trading the futures Caribean. I'm sure we will cross paths along the way and exchange a few hands!
I will also be trading the futures Caribean. I'm sure we will cross paths along the way and exchange a few hands!
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Looks next steps..
H4 graph
The pair is being traded along side trend that is turning to a downtrend due to the pair's lowering below level 1.3900. In addition, the trading goes within a "down-trending triangle" figure ("C-C+" red channel) that implies developing of a downtrend with lowering target set to support level 1.3550, which is the main lowering target by the moment. However, execution of "triangle" upon exit below level 1.3690 will empower developing of a more deep downtrend, which will have lowering target set to level of a strong support 1.3285, and also probably to 1.3160. But those levels should be considered later, basing on situation over the market. Up to this moment, the situation in dollar is generally saying about dropping to level 1.3550, and we should be expecting that to happen in nearest future.
H4 graph
The pair is being traded along side trend that is turning to a downtrend due to the pair's lowering below level 1.3900. In addition, the trading goes within a "down-trending triangle" figure ("C-C+" red channel) that implies developing of a downtrend with lowering target set to support level 1.3550, which is the main lowering target by the moment. However, execution of "triangle" upon exit below level 1.3690 will empower developing of a more deep downtrend, which will have lowering target set to level of a strong support 1.3285, and also probably to 1.3160. But those levels should be considered later, basing on situation over the market. Up to this moment, the situation in dollar is generally saying about dropping to level 1.3550, and we should be expecting that to happen in nearest future.
Thanks for the feedback guys.
I will also be trading the futures Caribean. I'm sure we will cross paths along the way and exchange a few hands!
Good luck man, i have settled on this beasty, i get frustrated sometimes, and look elsewhere, but always come back to "her", i think it's a "her"
if you get to know her moods, and addapt your trading methods accordingly, you will do well.
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wow .. another whip tonight ?
i am always confused what to do in this circumstance as they mess up my chart and am too scared to get in again !!!
Hope you were all protected well ...
Cheers
i am always confused what to do in this circumstance as they mess up my chart and am too scared to get in again !!!
Hope you were all protected well ...
Cheers
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EUR/USD certainly has been whipping back and forth the past week between 1.41 and 1.38. Somewhat of a triangle forming on a daily chart, but more so if you're looking at GBP/USD and NZD/USD. Could be building up for a large breakout.
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A reminder for everyone that the monthly NFP report for the US is being released this week on Thursday instead of the typical Friday (first friday of every month).
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H4 graph
The pair had bounced off level 1.4200 (“E” trend line) again, what lead to emerging of another massive selling wave (which was confident this time).
The pair went under level 1.4035 and broke the lower bound of “a-a+” 4-hours uptrend on its way down, setting the pair’s lowering target to support level 1.3850 (“neckline”) – right where we are now moving to.
A correction may then start from that support; and if so, it is supposed to be finished at resistance level 1.4000, from which the pair will go back to 1.3850. In case the pair drops below level
1.3820, it will clear the road to the lowering target at support level 1.3650 (“D” trend line).
Trend status: side trend in transition to downtrend
Current resistances: 1.4055
Supports: 1.3960, 1.3850
The pair had bounced off level 1.4200 (“E” trend line) again, what lead to emerging of another massive selling wave (which was confident this time).
The pair went under level 1.4035 and broke the lower bound of “a-a+” 4-hours uptrend on its way down, setting the pair’s lowering target to support level 1.3850 (“neckline”) – right where we are now moving to.
A correction may then start from that support; and if so, it is supposed to be finished at resistance level 1.4000, from which the pair will go back to 1.3850. In case the pair drops below level
1.3820, it will clear the road to the lowering target at support level 1.3650 (“D” trend line).
Trend status: side trend in transition to downtrend
Current resistances: 1.4055
Supports: 1.3960, 1.3850
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apologies for this basic question, but what are the best hours for trading (day trading) EURUSD?
and, if its through the aussie night, what hours are best for during aussie day time?
thanks
JA
and, if its through the aussie night, what hours are best for during aussie day time?
thanks
JA
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I normally get on about 5pm, and finish at 2:30am.
Its most active between 11:00pm and 3:00am.
Wouldn't consider trading during the day, but it is possible.
