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Thread: EURUSD H1 2013

  1. #37681
    Alejandro Zambrano's Avatar
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    Quote Originally Posted by joes1970 View Post
    Know somebody after all these data why strenghten the dollar?
    Its more about Euro weakness than Dollar strength. EURGBP is much lower.

    In either case I am liking this price action - a close in 10 min under 1.3266 will open up for a further drop over the next few days.
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  2. #37682
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    Quote Originally Posted by Alejandro Zambrano View Post
    Its more about Euro weakness than Dollar strength. EURGBP is much lower.

    In either case I am liking this price action - a close in 10 min under 1.3266 will open up for a further drop over the next few days.

    I belive is just a false move and R1 is still in cards.
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  3. #37683
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    Quote Originally Posted by joes1970 View Post
    I belive is just a false move and R1 is still in cards.
    Yup - we need take out the 1.3250 level or at least close under 1.3266 on the 30 min time frame.

    Looking at the Candle sticks it looks like a good entry for a long with a stop just under 1.3250.

    People looking to go short would have entry to short under 1.3250.

  4. #37684
    joes1970 is offline Member
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    Quote Originally Posted by Alejandro Zambrano View Post
    Yup - we need take out the 1.3250 level or at least close under 1.3266 on the 30 min time frame.

    Looking at the Candle sticks it looks like a good entry for a long with a stop just under 1.3250.

    People looking to go short would have entry to short under 1.3250.
    69% of retail traders already are short, same yesterday like yesterday. It looks they are on the good side.

  5. #37685
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    Quote Originally Posted by Alejandro Zambrano View Post
    Yup - we need take out the 1.3250 level or at least close under 1.3266 on the 30 min time frame.

    Looking at the Candle sticks it looks like a good entry for a long with a stop just under 1.3250.

    People looking to go short would have entry to short under 1.3250.

    Why 1,3266?

  6. #37686
    rcopadilla is online now Member
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    1 min Chart

    Name:  EURUSD20130913m1.png
Views: 3682
Size:  110.0 KB
    The price action continues to drift upwards attracted by the confluence of upper bands shown on the 1min chart. This is the path of least resistance. Getting to R1 could be tougher but the 2 Hour chart indicates good odds of eventually getting there.

  7. #37687
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    Quote Originally Posted by rcopadilla View Post
    Name:  EURUSD20130913m1.png
Views: 3682
Size:  110.0 KB
    The price action continues to drift upwards attracted by the confluence of upper bands shown on the 1min chart. This is the path of least resistance. Getting to R1 could be tougher but the 2 Hour chart indicates good odds of eventually getting there.
    fed next week is whats holding things and winding things in, so obviously euro more likely to rise than fall. cannot wait for 18th otherwise would be hammering euro.


    http://www.youtube.com/watch?v=WJse-L7Wviw
    Last edited by garr70; 09-13-2013 at 01:30 PM.

  8. #37688
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    London session review and outlook September 13 - 2013
    Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.

    This week's watch list. (Trending: Alejandro's weekly ideas)

    Today's Video

    Charts created using the FXCM Trading Station

    Additional educational presentations to the Analysis presentation above
    Using Time to predict reversals http://www.brainshark.com/fxcm/vu?pi=zHSz5RJoMz6tVxz0
    My take on Money management and Stop loss levels: http://t.co/ZMulJx0ayN
    How I use the Pivot point indicator: http://www.brainshark.com/fxcm/vu?pi=zJ2zaMqYuz6tVxz0


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  9. #37689
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    If FXCM dollar index will continue to drop I belive will reach R1 on the end of sesion. imo

  10. #37690
    rcopadilla is online now Member
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    Quote Originally Posted by garr70 View Post
    fed next week is whats holding things and winding things in, so obviously euro more likely to rise than fall!

    http://www.youtube.com/watch?v=WJse-L7Wviw
    The 1min chart is a very short term chart, useful for intraday trades. For stuff that happens intraweek, I would use the various hourly charts. I am not a fundie. News and events are not obvious to me.

  11. #37691
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    5 min Study

    Name:  EURUSD20130913m5b.png
Views: 3408
Size:  109.4 KB
    Confirmation of the bottom reversal is shown on the 5min chart by the price action crossing back over the BB20 midline (red line) and staying above (lows printing above the moving average).

  12. #37692
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    Quote Originally Posted by hjalle View Post
    Why 1,3266?
    Hello,

    As that was the morning low created 6:30 am London time today and usually many people have sell orders just under the lows.
    So a break of this level should have triggered a sell off but as we can see we did not get the desired effect.

    At least not for me as I wanted to short


    30 min chart with the 1.3266 level
    Name:  EURUSD.png
Views: 3301
Size:  25.4 KB
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  13. #37693
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    Another day "in the zone" as we continue to be range bound.

  14. #37694
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    Eur/Usd

    E/U workd out as planed this week whit some minor adjustments.Looking to go Long on a deeper pull back as mentioned

    Have a nice weekend
    Too Much Is Never Enough

  15. #37695
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    5 min Chart

    Name:  EURUSD20130913m5c.png
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    With the 5 min chart showing an up cycle starting, it looks like next week's action should start off positive.

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