IvanLabrie
Long

EURUSD: Overall, bullish...need more reasons?

FX:EURUSD   Euro Fx/U.S. Dollar
Analysis on chart. I'll be looking to capture the low, expecting it to get me early on in the rally that will ensue once USOIL             breaks out of the contracting triangle, and the Euro             Stoxx retracement ends.
It's not yet confirmed, but I think that we will see the move in question start after NFP.
Rgmov is showing interesting bullish strength, hidden amidst the apparently chaotic chart.
Since we're mostly range bound, the logical thing to do is to fade extremes, this just happens to lead into a great trend continuation play, if my analysis is correct.
Do your due diligence and only trade this with a strategy in mind. Mine won't trigger until EURUSD             drops some more, so for now I'm short.
I'll keep my followers up to date with the latest trade management cues and intermarket analysis via my Collective2 signals page, link is in my profile.

Good luck,

Ivan.
Trade active: See upated idea. ("Big trade I've been awaiting")
I remain short long term because of fundamental factors.
http://www.zerohedge.com/news/2015-09-30/ecb-will-boost-q%25E2%2582%25AC-120-%25E2%2582%25AC24-trillion-sp-predicts
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IvanLabrie PRO RobertHerdman
Fundamentals are not that good for timing. Right now, a short today was logical, and will lead us to 1.1 and its whereabouts.
But, on a technical basis, continuation past that is unlikely.
The best short will be once the rally I propose completes.
+1 Reply
Kumowizard PRO IvanLabrie
yes, maybe at 1,1050-1,11 channel bottom we can try one more long, but it will depend on price action at that key level. For now, as I wrote earlier today I got out of my positions almost completely.
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Kumowizard PRO RobertHerdman
that idiot ZH caused biggest mental distorsion in my mind, in the way of my thinking during last 6 years! Those guys are clowns, just like seekingalpha perma bulls. I stopped reading these muppets a year ago.

my recommendation is if you really want to read something, read more Charts, or a good novel :-)

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IvanLabrie PRO Kumowizard
It's extra information, sometimes fundamentals can give good insights but I'd think it's more important for stock selection...and from a technical perspective, to determine valuation, etc.
As for FX; we can get an idea of when we will see volatility, via news events. Direction will have to come from the charts.
+1 Reply
IvanLabrie PRO IvanLabrie
So, yes, agreed, overall.
Reading bloomberg and Zerohedge isn't bad, but not a trading methodology.
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1,2 loking like fantasy to me , more and more 1,1330 and than 1,02-1 :))) so up actions are corrective , good luck
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We'll know soon enough. Thanks!
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Is 1,04 looking like a fantasy too? Then no problem, your evaluation shd be ballanced. However if you feel that side a lot more possible, you are mentally biased to short EURUSD. Meanwhile the whole picture is just totally neutral right now :-)

One of my primary rules (maybe the 5th most important): do not see or envision something into the chart which is not there!
That's why I try to do price action following analysis instead of predictive analyses which I often see from others.

Obviously no one can predict the future, what we can do is to described present possibilities and outcomes. Do you know what is the best way to get the future behaviour right? Participate in the present price action! ;-)
+1 Reply
my wiev
snapshot
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I trade very,very long based on Purchasing Power Parity and other economic factors especially money printing programs.I highly admire the traders here because I've used the analysis at certain points in time to add on to my short positions.Data shows me that this month's ending favours the U.S. Dollar positioning.For the last number of months I've looked at this consolidation area we are in and comparing it to the last major leg down my target is still deeply below parity for EUR/USD.(.84)
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Hopefully we get range expansion this week!
I'm in from the daily timeframe.
+2 Reply
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