Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

EUR/USD WEEKLY as of Monday, 18 March, 2013

A Weekly white body has formed (because prices closed higher than they opened).

For the past 10 Weekly candlestick bars as of 15/03/2013, there are 4 white candles versus 5 black candles with a net of 1 black candles.

For the past 50 Weekly candlestick bars as of 15/03/2013, there are 24 white candles versus 25 black candles with a net of 1 black candles.

A Weekly engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend(which appears to be the case with Euro Dollar / US Dollar). It then signifies that the momentum may be shifting from the bears to the bulls.

If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bearish pattern! It should be used with other indicators.

Euro Dollar / US Dollar is long term Bullish as the 144 days moving average of 1.33 is increasing. The Relative Strength Index is at 49.56 in the neutral territory. The Relative Momentum Index is at 53.16 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.00, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 4.04. This value is in the oversold territory.

eur-candle-w.thumb.png.e50faa9554f37f3ca088ecfc8935e4bc.png

eur-wave-w.thumb.png.20351267373f973a1c9e91953937ad38.png

Share this post


Link to post
Share on other sites

EUR/USD DAILY as of Sunday, 24 March, 2013

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for Euro Dollar / US Dollar. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

The present wave patterns are:

fast amplitude (8%): bullish wave 1

moderate amplitude (13%): bullish wave 3

Elliott Waves High Volatility has detected a Gann Swing or Pullback that is usually a bullish pattern! It should be used with other indicators.

Euro Dollar / US Dollar is long term Bearish as the 144 days moving average of 1.31 is decreasing. The Relative Strength Index is at 45.01 in the neutral territory. The Relative Momentum Index is at 23.12 in the oversold territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.02, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 61.35. This value is in the neutral territory.

eur-wave-d.thumb.png.fa6545297d216975e44048d4d1358837.png

Share this post


Link to post
Share on other sites

Hi Everyone,

Today we have for you two USD pairs. They seem a little of sync and after yesterday's reactions to Cyprus we are expecting mixed sentiments in the market today. Presenting to you Eur/Usd and Gbp/Usd today:

If you happen to take these trades let us know how they turn out.

Best

TradeCuts.

5aa711d14d49d_eurusd26thmar.jpg.6b82e16b707149f46e0e06e6faf9c04f.jpg

5aa711d153839_gbpusd26th.jpg.80d5edc74f40f0d71ac49eae2c01650a.jpg

Share this post


Link to post
Share on other sites

EUR/USD DAILY as of Tuesday, 26 March, 2013

Currently the RSI does not show any Failure Swings but Prices has set a new 14-period low while the RSI has not. This is a BULLISH DIVERGENCE.

A SAR Buy signal yesterday. If you are short, this might be a good place to exit.

The close is currently

BELOW its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for Euro Dollar / US Dollar is Very Bearish

A Daily big black candle has formed. This is a bearish candle as prices closed significantly lower than they opened. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trend line, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

For the past 10 Daily candlestick bars as of 25/03/2013, there are 5 white candles versus 5 black candles.

For the past 50 Daily candlestick bars as of 25/03/2013, there are 23 white candles versus 27 black candles with a net of 4 black candles.

A Daily engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with Euro Dollar / US Dollar), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.

eur-candle-d.thumb.png.fcba8d1438bfb8d58b00ac15111daa2b.png

Share this post


Link to post
Share on other sites

The EUR/USD pair went nowhere during the session on Tuesday. The 1.2850 level is significant support level, and as a result we are not ready to start selling this market quite yet. It should be noted that while the markets had a nice “risk on” feeling to them in general, the Euro could not capitalize.

 

This is probably because there is now a new concern with Europe. The biggest problem with Europe right now is the fact that they are using the depositors to bail out the banks in Cyprus. With that being the case, we suddenly have to start asking questions of the peripheral countries and whether or not deposit will be protected there in cases of bank failures. There are certainly enough week banks in places like Spain, Portugal, Ireland, and Italy to make traders concerned about the European Union in general. If that’s the case, we may see money flowing into the United States from across the Atlantic Ocean.

Share this post


Link to post
Share on other sites
I see another accumulation going on now....My prediction is that by the end of tomorrow 1.2935 level will be traded ...:2c:

 

agree with your call ...however Euro will head a lot further North and South for the $ here on ....don't Ya think? :missy:

Share this post


Link to post
Share on other sites
It looks like the way is clear for eur/usd to 1.2775 as i mention in a previous post and as there is no clear solution to Cyprus crisis.

 

After EUR/USD hitted this week my target at 1.2775 i am expecting a rebound, i believe eur can climb to 1.2920 but at this moment I don't believe it can go higher, si i will sell euru above 1.2910.

Share this post


Link to post
Share on other sites
After EUR/USD hitted this week my target at 1.2775 i am expecting a rebound, i believe eur can climb to 1.2920 but at this moment I don't believe it can go higher, si i will sell euru above 1.2910.

 

As I already mentioned Euro will depreciate in a short run. I am expecting Euro to hit 1.2700 in the month of April.

Share this post


Link to post
Share on other sites

After hitting 1.2770 the euro managed to rebound and hitted 1.3030 which i believe it is a nice entrance point for short positions. I will put my sell order for Monday at 1.3008, no stop loss now, i will check how the trading day will go and then i will decide.

Share this post


Link to post
Share on other sites

USD lost its strength relative to other major currencies. Looking at current price action and current support and resistance we anticipate the trend to continue. Expecting Eur/Usd to go long Intraday, 9th April. Here's a look at the detailed technical outlook:

Best

TradeCuts

5aa711d73dfc3_eurusd9thap.jpg.f6db2d0910896f8b9f284d6b5dbe79b2.jpg

Share this post


Link to post
Share on other sites

I am expecting euro to hit 1.3120 against US dollar, at this point i will add to my short position opened at 1.3008, I beleive it is time for a little pullback in the euro.

Share this post


Link to post
Share on other sites

EU unemployment rate has risen to a record 12.1% due to the recession. Moreover, the Euro zone inflation has is now at 1.2% and this has put additional pressure on the ECB for a rate cut.

 

As for the US economy, the S&P/Case-Shiller Home Prices increased 9.3% in comparison to last year.

Share this post


Link to post
Share on other sites

The latest COT (Commitments of Traders) report CME (Chicago Mercantile Exchange) reveals that large specs had added to the net euro short position as of May 7th. This data showed a net short EUR FX position around -33,5k contracts as of Tuesday, in comparison to the previous week’s -30k position

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By jason.lee
      How to reduce eroding Forex slippages? Slippage is more likely to occur in times of higher volatility (perhaps due to market events) and it makes a market order at a specific price impossible to execute. Such times are when large orders are executed, when market orders are used and when there is not enough interest at the desired price level to keep the expected trade price. 

       
      Slippage is neither negative or positive movements, it is simply the difference between the expected purchase price and actual executed price. Since the corresponding securities are bought and sold at the most favorable price available, an order can result differently. In this situation, most forex dealers will execute the trade at the next best price.  In forex world, the market prices changes fast and the slippage happens in times of delay between the order placed and its completion. 

       
      Slippage is the difference between the expected filled price of a trade and the actual price filled. In other words, when your trade is executed at a worse price than requested, so it is “slipping” from the original order price. It happens between the time that a trader enters the trade and the time the trade is made. It can happen to everyone in any given trading market; stock, currency, or commodity.

       
      This may be caused by an ineffective broker, increased liquidity and fast market. The forex market is very liquid and there are limited amounts of slippage.

      Share your Idea Please
      Thanks!
    • By jason.lee
      Does it mean that you are an expert just because you make a lot of profit? The amount of profit cannot be used to measure the value of a trader. Yes, you must be doing something right if you are making a frequent profit. However, that does not determine if you are an expert or not just by your profit. This is quite a common misunderstanding in the forex industry.
      Making a large profit is only one side of the forex market. Majority of forex traders tend to lose most of the time after they have experienced profit. But why?
      So many traders fall into a fantasy land where they make an endless amount of money at the beginning. Many beginner traders tend to gain profit at the start not knowing the importance of technical analysis of the market.
      The experts on the other hand who stayed became wealthy and stayed that way, continue gaining profit, are all knowledgeable when it comes to the basics. Experts have dialed many ways to control their minds to be set right to be a trader.
      Understanding of the market is a must know anyway. Expert traders wait patiently until the right opportunity comes. Opportunity comes to everyone.
      What differentiates the experts and the beginners is that experts know when the opportunity has come and knows to take advantage of it. Making profit by luck is possible, and yes luck is also very important. But can you profit with luck every time?
      How an expert trader is determined is not by how much the person gained, it’s about the precision and the frequency of results. Profit can’t be maintained by luck. It is maintained and is a result of precision and strategical execution. You shouldn’t worry because you’re not gaining any profit right now.
      You should be building your skill sets to be a better trader by experiencing many trading situations of losses and wins. If you invest in your time to improve, your results are guaranteed to increase more frequently and will become more stable.
    • By glimm
      Now - "Long"
      SL/TP - Fibo values

    • By stefan066vr
      I'm looking for a reliable forex signal service (better with pending orders), with real and transparent results, I would be happy if someone answered me ... thanks
    • By FXTechstrategyT
      EURUSD: The pair looks to weaken further as it holds on to its downside pressure. On the upside, resistance comes in at 1.1600 level with a cut through here opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD faces further downside pressure

  • Topics

  • Posts

    • EURUSD Holds Off Lower Prices With Eyes On 1.1263 Zone EURUSD holds off lower prices with eyes on 1,1263 zone as we enter a new week. Support comes in at the 1.1150 where a violation will turn risk to the 1.1100 level. A break below here will target the 1.1050 level. Further down, support sits at the 1.1000. Conversely, on the upside, resistance resides at 1.1250 level with a break through there opening the door for further upside towards the 1.1.1300 level. Further up, resistance comes in at the 1.1350 level where a violation will expose the 1.1400 level. All in all, EURUSD continues to threaten further upside pressure.  
    • Bollinger Bands stops is a trend following indicator. The green line indicates uptrend and red line indicates down trend. When price close above the red line, up trend begins. Buy Positions can be opened immediately or on a pull back to a support level in the new uptrend. The green line can be used as a stop loss. Similarly, when the red line appears, sell positions can be opened immediately or on pullback to resistance with the red line as stop loss.  This indicator works best in trending markets, in consolidating markets signals may be not effective. BollingerBands Stops.zip
    • Is the ZuluTrade App really secure? I read it gathers your personal info to be sold to data brokers.
    • Are you a gold trader? Are you planning to invest in gold? Are you looking to make profits from gold trading? If yes then get all profitable gold trading signals and strategies for 2019 - https://www.mmfsolutions.sg/services/xau-usd-signals
    • First, we need diligence to successfully implement any financial plan. In the example above, those with livestock are advised to carefully monitor the state and condition of their animals. If an animal becomes ill, it needs special care. Insufficient food or water for livestock requires immediate attention. A farmer with herds must look after his animals if they are to survive and the household is to prosper. How does this apply to those of us who aren’t farmers or ranchers? The fundamental lesson is that we cannot expect financial success by simply devising a plan and then blissfully ignoring the factors that affect it. Instead, we must know where, how and why we spend our money and what is happening with our assets. If we ignore this principle of diligently monitoring our finances, we will find ourselves making poor decisions and spending money we don’t have.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.