EURUSD....Euro

[ithatheekret]

Everything I see is pointing to the 147's test ......... I wonder if we are in an upswing headed for the 1.50 range , that'd melt some cheese ......

the DXY nudged up hard against 76.058/9 , I don't think the index has ever been that low before ....... and the ISM along with non farm payrolls came in better than expected , but the souring has continued .

Have traders become happified enough to comfortably sell the mighty greenback ?

I believe 147.8 is the hurdle ...... and we must consider that the ECB are still inflation hawks , whilst the Fed has slashed 75 basis points recently . Put's a new light on all the previous resistance levels just under 1.46 ,

 

[DonAqua]

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

Hi DonAqua,

November 4th is a vibration in time according to my analysis which is based on Gann's teachings. It doesn't mean that it will be a high that day, it simply means that on that day there is a probability that the trend that went into that day will be reversed. Of course this is not enough to trade it by itself and complementary analysis of price should be added.

On a side note, USDJPY also has an important vibration on November 4th. Cable on November 2nd and November 15th.

Cheers,
-soso

Hi SoSo

it looks that that vibration in time on 4th November had not much impact in changing the direction of the USD or EUR. What would be then the next possible turning point in time?

Re.. Gann. I don't think I've ever heard of his teachings. Is there any good source on the internet to find more information about his teachings?

I also check from time to time http://www.mahendraprophecy.com/
Mahendra tells since quite a while that the end of the party is near and the USD will raise against all currencies. One of his statements recently:

>> At this stage I can only do one thing, and that is to give a deadline to the end of the dollar's fall and that will be till the 19 of November. I could
have been wrong about the dollar, but no power on earth can pull it down
after that day. As a matter of fact the dollar could turn around from late
Monday and will trade very stable. After Fed meeting dollar will show
positive sign but in worst case the 19 will be the final day for its turn
around. If that fails to happen, then one can say that astrology and
planetary movements are fake. <<


Strong words. Let's wait and see. Cup of tea ?

 

[x2rider]

holy smoke what a stellar rise

was finding it hard to even get onto

Cheers martin

 

[reece55]

holy smoke what a stellar rise

was finding it hard to even get onto

Cheers martin

Manged to scalp myself 40 pips in my lunch break..... HAHAHA..... Love Fibonacci with these breakouts, up 100 pips, retraced almost exactly to 50, then back up to 80........

Wow though, wouldn't have wanted to hold a position intra day, because it looks like all of sudden the market moved dramatically. This is why I enter a predetermined stop on each trade - still, the gap in each minute was about 20 - 30 pips, so there would be some slippage.....

Boy am I glad I cashed out my short all the way back at about 1.45, we are another 150 pips up.... I still firmly believe that there will be a snapback, there are just way too many USD bears ATM.....

Cheers

 

[numbercruncher]

there are just way too many USD bears ATM.....

Cheers

Including many Chinese officals calling for diversification for some of its 1.4t USD reserves.

 

[Kauri]

Although the Chinese official calling for moving out of $US and into the Euro now back-pedalling on that (it was never likely that they dump $US en masse ), the fact is that China and several other Central Banks have been and will continue to gently buy into the Euro, my strategy has been and will still be to buy into the Euro against the dollar on dips/retraces.... until I change my strategy that is..
Cheers
..........Kauri

 

[x2rider]

I have also been buying on the dips . The lng term prospects as still good for the euro . I think anymore weakness in the USD will have to have some officials rethining the holding of USD's .

I am pretty much outside my comfort zone at the moment on the euro and have been selling into some of the rises to keep my position manageable .

But with the price of oil going higher the Looney is still a good stand by money earner.

Cheers martin

 

[Kauri]

Says the man who just spiked the Euro 100 points??
Cheers
.........Kauri

November 7. Over DowJones. More comments from the Buba official in Beijing. He adds that excessive volatility in the FX market should be avoided.

 

[x2rider]

I wonder if I came out and said that I am getting out of USD 's would I be able to get a reaction like that
They could always be selling the us at the moment and looking to turn a profit?

 

[soso]

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

Hi SoSo

it looks that that vibration in time on 4th November had not much impact in changing the direction of the USD or EUR. What would be then the next possible turning point in time?

Re.. Gann. I don't think I've ever heard of his teachings. Is there any good source on the internet to find more information about his teachings?

Other than halting the rise for one day indeed it didn't have any impact. In my view it failed. On Cable was similar, well at least Cable needed 3 days to push through the high established on 2nd Nov (vibration day for Cable). The important point is that we deal with probabilities, as with anything in the markets. Trying to buck a trend is not a good strategy regardless the tools one uses imo.

Next date is 14/15 Nov for Cable, Euro and Aud.
And 13 Nov for USDJPY. I would really watch this one, JPY is the best dancer of all pairs through these timepoints.

On Gann, well just do a google search for WD Gann there's plenty of info around, unfortunately there's also a lot of snakes trying to sell "trading courses" or "secret teachings" based on WD Gann. So beware.

 

[ithatheekret]

Everything I see is pointing to the 147's test ......... I wonder if we are in an upswing headed for the 1.50 range , that'd melt some cheese ......

the DXY nudged up hard against 76.058/9 , I don't think the index has ever been that low before ....... and the ISM along with non farm payrolls came in better than expected , but the souring has continued .

Have traders become happified enough to comfortably sell the mighty greenback ?

I believe 147.8 is the hurdle ...... and we must consider that the ECB are still inflation hawks , whilst the Fed has slashed 75 basis points recently . Put's a new light on all the previous resistance levels just under 1.46 ,

We have that 147's test going on right now , pullbacks into the high 146's could be nice pickup points ,keeps nudging past 146.9-147.2 highest so far this session I've seen is 147.33 . Good scalping material so far ...........

Of course comments out of China today , pointing to them diversifying into other swaps , such as the EUR/USD , has helped the rally start , clarification also helped it pullback ...... but ....... it still looks set up to continue , as it held 146 . with the market probably already factoring in the ECB will pause on rates this time round . The otherside of the equation would see the hopes of another cut by the Fed as fairytale stuff , and in my books definitely not on the cards .

 

[Kauri]

An interesting place,in time and price, to stumble...
Cheers
.........Kauri

 

[Poker]

Just how low can the USD go? haha

 

[Edwood]

might be time to start looking for a turn - but waiting for confirmation before entering

http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm

 

[ithatheekret]

In long @ 146.32 & 146.40 best seen so far is 147.04

 

[Kauri]

More rumours/fact??
Cheers
.........Kauri

November 09: The EUR/USD has traded to a fresh all-time high at 1.4739 after Bloomberg reported that S&P said that a CDO managed by State Street began liquidating its assets, prompting S&P to slash investment vehicle"s ratings as much as 18 levels. The news reinforces concerns that forced asset sales by SIVs will lead to more heavy writedowns by major financial institutions.
There is talk of a 1.4750 option barrier and large stops above that might become a target if the price action continues. The EUR/USD trades 1.4725/30.

 

[Kauri]

More rumours/fact??
Cheers
.........Kauri

Re last post.. May actually support the USD as any forced liquidation at bargain prices may lead to more US financial related write-downs, taking the Dow down???
Cheers
.........Kauri

 

[ithatheekret]

I'm starting to think the Fed is going to go into fairytale territory mode .

The last swathe of data out of the US was dismal , pointing to a real slowdown over there , that would mean rate cuts ........ again .

In the meantime we see European manufacturing still moving along , with a currency that has closed in on an 80% rise to battle with .

The BoE look like they might have to cut too .

 

[ithatheekret]

Strewth , it looks like we're on again .

 

[ithatheekret]

147.04 dip .......... looking to see if the 147.10 area turns into support instead of resistance . Trailing stops attached .