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Thread: EURUSD

  1. #37696
    Global Money is offline Intermediate member
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    Toptradr name
    Global

    Euro -Dollar

    Here is the current capped Status....short term traders are capped.. the mid-term traders that left a trade on for the weekend are in a decreasing Long bubble over all pair is still capped with short plays ideal.

    Attachment 239702

  2. #37697
    Global Money is offline Intermediate member
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    Toptradr name
    Global

    Ana UpDate

    The average trader really does not know the impact of the meetings and News releases. I would like to suggest having a News release thread. For Instance Next week the feds are having a meeting and there is great discussion about the bond by back programs. If the fed reduces their buy back program how does it effect the markets. Well speaking with Ana my Eco-person says that a reduction in buying bond would result in an increase in interest rates and risk of inflation enters the picture. Which leaves me to the question, does that mean there are too many dollars in the system ie the dollar buys less or would there be some type of tighting to reduce the amount of dollars in the system?

  3. #37698
    nefre is offline Member
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    B4 Markets Open
    Update on EU:
    If 1,3451 was a start of a new trend and move to 1,3104 was a wave I we are in wave II.
    "Normal" correction levels(if you could call normal any move in this business) in wave II are:
    1,3279, 1,3320 and 1,3371(some times 66,66% -1,3335-8). Only a brake of 1,3402 may take Euro to retests 1,3451. Brake of 1,3446 will invalidate wave count.
    2 options:
    1,3323 was corrective high or
    we going higher in 3 waves to below 1,3402,
    if 1,3252 was expflat of wave C then 1,3338-71 +/- few pips may do (max 1,3382)
    I will be adding shorts from one of that levels,
    or going long, or do nothing.
    Before you short or long do you own homework.
    lukes8 likes this.

  4. #37699
    rcopadilla is offline Member
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    I will be long or short or do nothing.

    Wow, that is very good analysis!!!

  5. #37700
    rcopadilla is offline Member
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    The early action did start off positive.

    The price action has powered past R1 and is on the way to R2.

    Alejandro is very good at market behavior and was expecting major support to break. When it did not, what do you think is going to happen next?
    This stuff is not easy but it should not be as complicated as some make it out to be. Paralysis by analysis sets in when you try to be long and short and flat all at the same time.
    lukes8 likes this.

  6. #37701
    Mozart's Avatar
    Mozart is offline Member
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    Eur/Usd

    Currently Market Pre Open 1,336 ... gap to the upside
    Too Much Is Never Enough

  7. #37702
    rcopadilla is offline Member
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    2 Hour Chart

    Name:  EURUSD20130915H2.png
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Size:  112.8 KB
    The 2 Hour chart shows the spiker bar going past R2. The price action is pulling back a bit, but the technical indicators show their is still plenty of room to go to the upside. Expect traders to buy the dip and attempt a higher high near 1.34x or even to R3.

  8. #37703
    stkelrey's Avatar
    stkelrey is offline Member
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    Quote Originally Posted by rcopadilla View Post
    The price action has powered past R1 and is on the way to R2.

    Alejandro is very good at market behavior and was expecting major support to break. When it did not, what do you think is going to happen next?
    This stuff is not easy but it should not be as complicated as some make it out to be. Paralysis by analysis sets in when you try to be long and short and flat all at the same time.
    This is about Syria. As much as folks want to assign this to charts it is just not so today. It is Syria so the gap to the upside can easily unwind within a very short time at open. Of course, such things tend to resume the gap direction.

  9. #37704
    rcopadilla is offline Member
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    Quote Originally Posted by stkelrey View Post
    This is about Syria. As much as folks want to assign this to charts it is just not so today. It is Syria so the gap to the upside can easily unwind within a very short time at open. Of course, such things tend to resume the gap direction.
    I don't do news or events. I just try to interpret the charts. They were setup for a breakout after testing major support.
    But if it makes you feel better, you can say it was all about Syria. Who is going to argue with stuff like that.

  10. #37705
    rcopadilla is offline Member
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    Quote Originally Posted by rcopadilla View Post
    I don't do news or events. I just try to interpret the charts. They were setup for a breakout after testing major support.
    But if it makes you feel better, you can say it was all about Syria. Who is going to argue with stuff like that.
    I also try to post things before the fact. If indeed it was all about Syria, you should have said something before the move. Ewavers should have switched to their alternate count before their primary count turned out to be wrong.
    Mozart likes this.

  11. #37706
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    Quote Originally Posted by rcopadilla View Post
    I don't do news or events. I just try to interpret the charts. They were setup for a breakout after testing major support.
    But if it makes you feel better, you can say it was all about Syria. Who is going to argue with stuff like that.
    Just sharing information. Knowing why a move occurs, whether a technical issue or fundamental issue, can bring much higher probabilities on trading. Will happen again on Thursday.

  12. #37707
    asaens12 is online now Member
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    Gaps galore

    Good gap day for the gap players

  13. #37708
    rcopadilla is offline Member
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    5 min Chart

    Name:  EURUSD20130915m5.png
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    5 min chart shows a probable double top formation. Good for a short scalp for a potential reversal near R1. Then higher highs.
    lukes8 likes this.

  14. #37709
    rcopadilla is offline Member
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    Quote Originally Posted by stkelrey View Post
    Just sharing information. Knowing why a move occurs, whether a technical issue or fundamental issue, can bring much higher probabilities on trading. Will happen again on Thursday.
    While knowing such things (most of the time it just someone's interpretation) is nice, it is not necessary. Kinda like knowing how an automobile's engine works is nice, but that is not going to make you a good driver.

  15. #37710
    rcopadilla is offline Member
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    Quote Originally Posted by stkelrey View Post
    Just sharing information. Knowing why a move occurs, whether a technical issue or fundamental issue, can bring much higher probabilities on trading. Will happen again on Thursday.
    Can you give some details on what you expect to happen on Thursday?

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