EUR/USD (GENERAL)

Knuckledragger wrote:Thanks for the invite Chonchy. I'm not trading at the moment, nothing is wrong---i'm doing more market studies.

It looks like I got my "ger" FF could never provide

You are very welcome my friend, hope you will feel at home here, have a great weekend you all...........

thanks for all tonyo and pipchick, you are both great to open this forum and give us the oportunity to get out of the rat whole of the euro tread.........

god bless you all........

You are very welcome my friend, hope you will feel at home here, have a great weekend you all...........

thanks for all tonyo and pipchick, you are both great to open this forum and give us the oportunity to get out of the rat whole of the euro tread.........

god bless you all........[/quote]


Like I said before "I'm in study mode", but I'd like to urge caution to you and all the posters here. The expected rate hike should be priced in to the EUR buy now. My focus will be on the FED and what they are doing.

Rob Booker - Forex Trader, Author and Coach:
"I think the ECB will hike rates within the next two meetings, and there is a better than 50% chance that it will be in April. I believe that these rate hikes will not be the main driver of the EUR/USD's move in the coming months. I think at least two rate hikes are already priced into the EUR/USD. Rather, the Fed's decision about further quantitative easing will be the focus. If the Fed relaxes its bond purchases, or stops them entirely - then the EUR/USD is vulnerable, and could fall into the mid 1.20s by the end of the year. If the Fed continues its policy of monetizing the debt, passing cash for bonds under the table from the right hand to the left, or in other words paying off its credit cards with counterfeit money, then the EUR/USD is likely to see 1.5000 before the end of the year. In summary, what the ECB does is not as much of a mystery to the market as what the Fed will do - and whatever is the bigger mystery at this point is going to have the bigger effect."

http://www.fxstreet.com/fundamental/analysis-reports/forecast-central-banks/2011/04/01/02/


Ok lets see if posting a link works here "try one" .......... worked on the first try

Knuckledragger wrote:
You are very welcome my friend, hope you will feel at home here, have a great weekend you all...........

thanks for all tonyo and pipchick, you are both great to open this forum and give us the oportunity to get out of the rat whole of the euro tread.........

god bless you all........

Like I said before "I'm in study mode", but I'd like to urge caution to you and all the posters here. The expected rate hike should be priced in to the EUR buy now. My focus will be on the FED and what they are doing.

Rob Booker - Forex Trader, Author and Coach:
"I think the ECB will hike rates within the next two meetings, and there is a better than 50% chance that it will be in April. I believe that these rate hikes will not be the main driver of the EUR/USD's move in the coming months. I think at least two rate hikes are already priced into the EUR/USD. Rather, the Fed's decision about further quantitative easing will be the focus. If the Fed relaxes its bond purchases, or stops them entirely - then the EUR/USD is vulnerable, and could fall into the mid 1.20s by the end of the year. If the Fed continues its policy of monetizing the debt, passing cash for bonds under the table from the right hand to the left, or in other words paying off its credit cards with counterfeit money, then the EUR/USD is likely to see 1.5000 before the end of the year. In summary, what the ECB does is not as much of a mystery to the market as what the Fed will do - and whatever is the bigger mystery at this point is going to have the bigger effect."

http://www.fxstreet.com/fundamental/analysis-reports/forecast-central-banks/2011/04/01/02/


Ok lets see if posting a link works here "try one" .......... worked on the first try[/quote]

=====================

Thanks knuckledrager for that link........

this one is is a documentary about the crash of 2008 but good also, and free.........

http://www.zerohedge.com/article/watch-inside-job-wall-street-horror-movie-free-0

Hope everyone is enjoying the weekend. Good to see another familiar name.

Thanks for the invitation Tony.
I hope to contribute with a chart or two and I welcome positive criticism.
And thanks PipChick for setting up this new forum where the focus is on trading.

.

I'll be keeping an eye on 4181ish, bulls should be in charge with closes above there, slips below there and we could see more chop.

The Daily Pivot and 38.6% fib are close.
The volume was high at the 50% area.

AUD/USD long forgotten possible supply approaching.

I had to open the preferences of the rectangle to give you an idea what I'm looking at.

What do you think?



Here's the view of the daily:

Mr Hatch wrote:AUD/USD long forgotten possible supply approaching.

I had to open the preferences of the rectangle to give you an idea what I'm looking at.

What do you think?

Man thats a decade ago, i think a small bounce then penetration?

Hatch, I'd be interested in your take of EUR/GBP monthly, and comments?


dank, PTL

Clue wrote:
Man thats a decade ago, i think a small bounce then penetration?

Actually, it's even closer to two decades... but no risk, no fun.
I'm not calling a short there, but I will watch it closely and grab it, while it's hot.

PayTheLimit wrote:Hatch, I'd be interested in your take of EUR/GBP monthly, and comments?


dank, PTL

Παρακαλώ!

this is, what I see on daily... it's rate-hike time.



I see we are in need of adding some pairs
I will add the AUD/USD, NZD/USD and the EUR/GBP. Let me know if there are any other pairs you guys would like to add.

Thanks Kate & Tony for invite.... Great site with lots of great traders onboard already i see... Video posts are great Kate. Keep them coming!

Looking for pullback this evening before heading higher... overall i'm looking for reversal action around 1.436xx

Thanks for that daily view Hatch, looks like we have a place to post analysis of this other pairs now, nice.

Welcome pipper and AlexC and anyone else I may have missed We are all working on making this a very functional environment. We still have some work to do, but it will get there.

Hi Guys and Gals.
Current price is 1.42387 and is busy closing the gap upwards

I would like to see this EUR/USD retrace to the 15 min 50% to maybe give it enough strength to break above the 4247 hi.If we can't get that, then a bull flag will do.

Would like to point out the Daily DX:

Tested the upper channel trendline and rejected it and is also trading within an AB=CD pattern with the completed pattern being D at 74.28.



The weekly DX head and shoulders pattern coupled with an AB=CD pattern with the pattern ending at D which is 67.93 (that kind of seems far fetched but is a possibility.)



If those patterns play out, then we should see the EUR/USD targets mentioned on my MEMBERS BLOG.

PipChick wrote:

tonyo524 wrote:

I have anything over 4280 as breaking the monthly trend line. At that level, I would start looking at that for support, for further move north. Looking at the Dow and S&P, coupled with the latest eU downgrades, I think we will be heading south a lot sooner than 4400 area. just an opinion though, and have a serious news week ahead so I gues we'll see. Have a good green week, talk to you Sunday opening!

I will have to take a look at the TL you are talking about Tonyo. That could potentially put a damper on my analysis.

Here is the TL I spoke about Pipcheck.

tonyo524 wrote:
Here is the TL I spoke about Pipcheck.

Yeah, that may pose a problem. I will have to watch it carefully. Thanks for the heads up!

well talking about closing a gap fast ah?

hope you all had a good weekend.......and good trading week ahead.....

god luck to all here.........

Clue wrote:Hi Tony.
Your take on it going up to the 61.8 extension @ 4359 woul appreciate it thanx Martin
P.S I know about the resistance on trendline @ 280

Hey Clue. Kate will answer this one for you, I have a fib on my chart from the 2008 highs, and the 2009 lows, but I don't often consider the pa around them unless it is the 50% level. I wouldn't be the best one to answer that question.

This is my monthly chart with the upper bull flag TL coming in around the 4359 (I think tonyo mentioned that)area. Thats the area (if we make it there) where we need to be very careful.But according the my AB=CD strategy,it is a possibility to test that upper Bull Flag TL.

PipChick wrote:This is my monthly chart with the upper bull flag TL coming in around the 4359 (I think tonyo mentioned that)area. Thats the area (if we make it there) where we need to be very careful.But according the my AB=CD strategy,it is a possibility to test that upper Bull Flag TL.

No that was Clue who had that area on his radar.