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Thread: EURUSD

  1. #17836
    Luxuriant is offline Member
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    Quote Originally Posted by melbgirl View Post
    I wanted to wait with AUD/JPY as it's a Gotobi day (15th of the month) and because USD/JPY is going wild.
    Thanking you for the warning. But I was lucky and shorted near the top on both pairs. I just did not understand the rally in Yen pairs, even though I was long EUR/JPY. (Just a correction) The sell off in US markets seems slow and methodical. VIX seems slow also in its rise. To me this is scary. Even after the PRES speech the market continued to sell off. The decline in the S&P broke another trend line. The reason I think this is scary it could lead to a panic sell off. Slow moving VIX means traders are not concerned. Although I see strong support at 1280-1290 on the S&P 500.

    SPX DAILY Another TL broken. EURO will probably join it soon.



    SPX weekly NEXT Strong Support 1280-- 1290 If that breaks down. EURO may be headed to 1.24 and below.
    EDIT: The bottom line slanted towards 1250 is Monthly support

    Last edited by Luxuriant; 11-14-2012 at 07:44 PM.
    "Trading is about the management of probability". Rande Howell

  2. #17837
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    Quote Originally Posted by Luxuriant View Post
    Thanking you for the warning. But I was lucky and shorted near the top on both pairs. I just did not understand the rally in Yen pairs, even though I was long EUR/JPY. (Just a correction) The sell off in US markets seems slow and methodical. VIX seems slow also in its rise. To me this is scary. Even after the PRES speech the market continued to sell off. The decline in the S&P broke another trend line. The reason I think this is scary it could lead to a panic sell off. Slow moving VIX means traders are not concerned. Although I see strong support at 1280-1290 on the S&P 500.

    SPX DAILY Another TL broken. EURO will probably join it soon.



    SPX weekly NEXT Strong Support 1280-- 1290 If that breaks down. EURO may be headed to 1.24 and below.
    EDIT: The bottom line slanted towards 1250 is Monthly support

    Thanks for all the information. I know precious little about how to use VIX. But S&P500 breaking and closing under the 50% Fibo is bearish. I will wait for a bounce in EU and short perhaps if it gets to 1.2750 or so and with short AJ until USD/JPY pops the stops above 80.30 as I think there is a fair chance it will as it's on a roll.
    People prefer certainty over truth.
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  3. #17838
    Luxuriant is offline Member
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    Quote Originally Posted by melbgirl View Post
    Thanks for all the information. I know precious little about how to use VIX. But S&P500 breaking and closing under the 50% Fibo is bearish. I will wait for a bounce in EU and short perhaps if it gets to 1.2750 or so and with short AJ until USD/JPY pops the stops above 80.30 as I think there is a fair chance it will as it's on a roll.
    Dont feel bad about the VIX. I just learned something from you. I had to google Gotobi day. So that helps explain the rally in YEN pairs today. They also like multiples of 5. 15 20 25. So we may see a bounce on the 20th in yen pairs. Maybe?
    "Trading is about the management of probability". Rande Howell

  4. #17839
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    Quote Originally Posted by Luxuriant View Post
    Thanking you for the warning. But I was lucky and shorted near the top on both pairs. I just did not understand the rally in Yen pairs, even though I was long EUR/JPY. (Just a correction) The sell off in US markets seems slow and methodical. VIX seems slow also in its rise. To me this is scary. Even after the PRES speech the market continued to sell off. The decline in the S&P broke another trend line. The reason I think this is scary it could lead to a panic sell off. Slow moving VIX means traders are not concerned. Although I see strong support at 1280-1290 on the S&P 500.

    SPX DAILY Another TL broken. EURO will probably join it soon.



    SPX weekly NEXT Strong Support 1280-- 1290 If that breaks down. EURO may be headed to 1.24 and below.
    EDIT: The bottom line slanted towards 1250 is Monthly support

    As I wrote straight after his speech his "Tax the Rich" policy's will drive the working capital out off America for at lest 4 more year's and his policys could spark another black monday event.

    It isnt that fast yet but it is looking quiet scarry.

    ???

    Is this all a game to justify QE 4/5 in 2013 (and get it set in stone) along with long term zero interest policy, which is already being talked about by dove member's due to be rotated out of the FOMC in 2013.
    3 stages of Truth, 1 ridicule. 2 violent opposition. 3 acceptance as being self-evident.

  5. #17840
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    A buy call from me for EUR/USD for the European session @1.2735 ,target 1.2772 just below the R1 level .
    Last edited by pipsguesser; 11-14-2012 at 10:36 PM.

  6. #17841
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    Quote Originally Posted by Luxuriant View Post
    Dont feel bad about the VIX. I just learned something from you. I had to google Gotobi day. So that helps explain the rally in YEN pairs today. They also like multiples of 5. 15 20 25. So we may see a bounce on the 20th in yen pairs. Maybe?
    It would be great if it was that simple, but I guess whenever you trade yen, it might be worth checking out what the date is. I think that can improve your success rate.
    People prefer certainty over truth.
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  7. #17842
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    Is a doji pattern formed on daily chart?
    Never rush, missed the bulls, wait --- the bears, plenty of opportunities out there

  8. #17843
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    Quote Originally Posted by melbgirl View Post
    ...... I will wait for a bounce in EU and short perhaps if it gets to 1.2750 or so and with short AJ until USD/JPY pops the stops above 80.30 as I think there is a fair chance it will as it's on a roll.
    LOL.....you have to watch this beast now.....
    People prefer certainty over truth.
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  9. #17844
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    Quote Originally Posted by pipsguesser View Post
    A buy call from me for EUR/USD for the European session @1.2735 ,target 1.2772 just below the R1 level .
    Took Profit @1.2750 as the hourly chart pattern looks somewhat bearish .

  10. #17845
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    The bull is still making progress. Below is my chart from 3 days ago and im expecting the same. A move up to 1.2870-80 area and then a hard short from there.
    รูป รูป  
    “Sometimes the very best thing to do, Is to do nothing at all”

  11. #17846
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    EU is poised to test 2790/2800 area, GDP data may give excuse to a temporary correction. Just my 2 cents
    Never rush, missed the bulls, wait --- the bears, plenty of opportunities out there

  12. #17847
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    I'll throw in another chart here... This is a weekly chart and I explain my reasoning to short into a pullback. However, If im not mistaken, what i also see is Hidden bearish divergence on the MACD on a weekly scale which would be a huge bearish signal. If this is correct then look out below because this boat's gonna sink, Ive got my eye on 1.2200 and 1.1800 levels.
    รูป รูป  
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  13. #17848
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    After having had so much right, I'm due to have something wrong but I went short at 1.2750 for 1.2595.
    People prefer certainty over truth.
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  14. #17849
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    Quote Originally Posted by melbgirl View Post
    LOL.....you have to watch this beast now.....
    I don't think I would short any yen pair now. But rather go long, after a pull back. There seems to be a physiological shift in sentiment. JPY, USD act no longer as safe havens. But seem to have decoupled from risk off. This may be because of the central banks, and their fiscal problems. I would not be surprised to see the beast hit 85.00 over a period of time. If you had told me the Dow fell 1000 points, but USD/CHF went lower the last two days. I would not believe you.
    "Trading is about the management of probability". Rande Howell

  15. #17850
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    Swissy inv hns on 30 mins
    5 mins
    15 mins
    9455-56 neck
    USD on 4 hrs at resis 10033
    up next and better ones 10045-50
    When US open selling USD
    till then we have 20 odd pips on USD to the higher side if 10033 breaks
    it should be fun day today

    GL...
    Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
    The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
    Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...

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