EURUSD....Euro

[cashflow_08]

Long view on Euro (correct me if im wrong) with elliot/fibs:
-----------------------------------------------------
Weekly:
Currently on a bearish corrective side (Wave C) and on mtoive wave 4 within the wave C. Doing a fib study on how long wave 4 would go, tell us that there still some juice left about 500-800 pips up before retracing down.

Daily:
Wave two looks like its being completed. Wave 3 may commence but all confirmation of wave 3 will appear after the breakout of the near fractal. Also note a bullish symmetrical triangle is in current formation (not valid now), if it will complete than at point e, we would have a early indication that wave 2 may have started and would look to long 200-300 pips depending on fib study.
Just my 2 cents

Daily chart attached

Cheers

 

[i_in]

Long view on Euro (correct me if im wrong) with elliot/fibs:
-----------------------------------------------------
Weekly:
Currently on a bearish corrective side (Wave C) and on mtoive wave 4 within the wave C. Doing a fib study on how long wave 4 would go, tell us that there still some juice left about 500-800 pips up before retracing down.

Daily:
Wave two looks like its being completed. Wave 3 may commence but all confirmation of wave 3 will appear after the breakout of the near fractal. Also note a bullish symmetrical triangle is in current formation (not valid now), if it will complete than at point e, we would have a early indication that wave 2 may have started and would look to long 200-300 pips depending on fib study.
Just my 2 cents

Daily chart attached

Cheers

my count .....
(1) - 5 1.47
gl&gt

 

[>Apocalypto<]

Long view on Euro (correct me if im wrong) with elliot/fibs:
-----------------------------------------------------
Weekly:
Currently on a bearish corrective side (Wave C) and on mtoive wave 4 within the wave C. Doing a fib study on how long wave 4 would go, tell us that there still some juice left about 500-800 pips up before retracing down.

Daily:
Wave two looks like its being completed. Wave 3 may commence but all confirmation of wave 3 will appear after the breakout of the near fractal. Also note a bullish symmetrical triangle is in current formation (not valid now), if it will complete than at point e, we would have a early indication that wave 2 may have started and would look to long 200-300 pips depending on fib study.
Just my 2 cents

Daily chart attached

Cheers

I had the same idea as u cash.....

still think we could have a pull back as well.

My post from FF

chart shows a break out of the triangle wedge... this base formed support on a resistance high that shows a normal trend.

looking for a new move up to the high with a further target at 1.45200

***Target (1) 1.4300****

lets see what happens..............

 

[cashflow_08]

Broke the last fractal and triangle. Heading up to TP1 at 1.4340. Its wave 2 short-term, so i guess it can carry on till 14500 hopefuly. As soon as i see weekly heading up in the same direction, i would adjust my t/p higher due to the three higher t.f agreement D,W,M (long)= trading with the trend. Would do it after waiting for the consolidation box period to be broken in weekly.

Good luck..

 

[James Austin]

hello,

been exploring Fx for first time, could someone please tell me, are EURUSD and AUSUSD significantly correlated?

thanks

JA

 

[supermatt]

USD is the second currency so its related in that if usd is stronger or weaker the currency in the first position will either go up or down. Read this graph it will tell you the relationships

http://www.mataf.net/en/tools/correlation-table

 

[James Austin]

terrific supermatt,
overlay charts for these 2 and they are following very similar trajectory, at least presently

USD is the second currency so its related in that if usd is stronger or weaker the currency in the first position will either go up or down. Read this graph it will tell you the relationships

http://www.mataf.net/en/tools/correlation-table

 

[>Apocalypto<]

things going to plan on the E/$ daily.

I did not think we would get past that resistance with out some selling.

This is a critical point for the pattern. I am still bullish as to my last post. If the selling moves back to the base blue dot then this will need a second look. why??, cuz the price going back to 1.3800 or under will indicate a failed push out and set up a possible distribution top, IMO.

as long as the pattern in play holds, i am still looking to 1.4500.

cheers,

 

[Real1ty]

I am awaiting a clear signal on this pair and the weekly Ichimoku shows why.

There have been a few attempts to break through the top of the kumo but they have all been defeated.

There is certainly bullish potential but i will await confirmation before i commit to a long term trade but there are still plenty of short term trades to be had.

 

[Real1ty]

I have also added the 100day SMA to this chart and it may also tell a story.

A confirmed break of this will have me quite bullish

 

[cashflow_08]

Hi guys,

Im making a big step into intraday trading as Im home most of the time. Can anyone supply me a good time to trade euro/usd and euro/gbp 15min when a trendy(non-range) situation occurs often, hence which session is the best to trade?

Much appreciated.

 

[Stormin_Norman]

10pm to 4am.

 

[Naked shorts]

So anyone else playing this tonight? What is everyone thoughts?

I think we will head down and break previous support before coming back up for some air.

 

[>Apocalypto<]

So anyone else playing this tonight? What is everyone thoughts?

I think we will head down and break previous support before coming back up for some air.

old fashion pip feast from 4 till now on the cable. have not had a night this sweet in a while. all the signals had real follow though!

$$ $$

will put a E/$ chart up tomorrow

 

[Naked shorts]

old fashion pip feast from 4 till now on the cable. have not had a night this sweet in a while. all the signals had real follow though!

$$ $$

will put a E/$ chart up tomorrow

Are you trading gbp/jpy? because god-dam it looks like it favored trend followers tonight,

Had a **** night on e/u as I keep getting burnt expecting a turn around ... but i am trading a smaller size as i went through a bad trading slump last week

Going to go drink myself to sleep.

 

[Naked shorts]

This is how yesterday turned out. As you can see my prediction was somewhat accurate ( I didn't expect it to fall as far as it did).

 

[>Apocalypto<]

Are you trading gbp/jpy?

No, I stick to the cable and also look at the swissy. Have made a few trades on the GBP/JPY but's a killer....

 

[i_in]

my count .....
(1) - 5 1.47
gl&gt

I'm sorry but previous count is completely wrong! anyway the target is the same.
no retracement during Asia , then again rally towards 1.45 , then target 1.47 - retrace 1.43 and go up ...

gl&gt

 

[Naked shorts]

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 recently found this correlation table, it might be of use to you.

http://fxtradeinfocenter.oanda.com/charts_data/fxcorrelations.shtml

 

[Real1ty]

Further downside should be seen from here and this chart supplied is quite interesting and i have supplied a link for the full article which also contains some Wave analysis but i don't use that at all.

http://www.dailyfx.com/story/topheadline/Euro___US_Dollar_Reversal_1249941681064.html

As per my previously supplied Ichimoku charts (Weekly) the Euro was unable to successfully break the upper Kumo cloud, after several attempts, or the 100SMA.