EUR.USD

[arco]

DB

There is no daily star on Euro.

There are major discrepancies in Infoscans (Reuters) SP EOD figures
today. You may need to download SP again if you did it midday/early
afternoon.

I complained to them this afternoon and they checked with Reuters.
Even some of the updated charts are still wrong. (Swissy/Aussie, etc).
Check out Kiwi for an amazing gap (error).


rgds - arco

[dumbass]

thanks arco ,

i was checking charts today and saw these gaps all over the place so suspected something was up

its got to be a subliminal message though

heres hoping

[peat]

Oanda often has price gaps in its daily candlesticks on a Monday - see here the Eur has a massive one - but they are due to the weekend the Fri candle close being on Sat morning and the opening time of the new candle at 4PM, missing out NZ daytime trading.
Looks impressive today !

[Steve]

Could this be the significant run to the top before turning bear-shaped? How much of the FMOCs forthcoming meeting has already been factored in to the current rate?

[Steve]

Oanda often has price gaps in its daily candlesticks on a Monday - see here the Eur has a massive one - but they are due to the weekend the Fri candle close being on Sat morning and the opening time of the new candle at 4PM, missing out NZ daytime trading.

Why do they miss out NZ daytime trading on the monday? Is it not significant?

[peat]

steve they dont miss it out but it doesnt show in daily candles - it will show in 3 hour or other time frames....

[Steve]

steve they dont miss it out but it doesnt show in daily candles - it will show in 3 hour or other time frames....

I wonder if other providers do this or if it is Oanda specific? Does it make much of an effect on your TA?

[Steve]

Any thoughts on whether the EURUSD has peaked or whether it is consolidating before another run up to test a new high? I guess the key would be if it holds or breaks 15400?

Closed my short at 15450 last night, which would probably suggest that it will continue lower!

[arco]

Steve

If the top is in theres a possibility of a continued fall towards
the uptrend line IMO. (Green boxes).

The D leg of the BF is a bit extended, so time alone will tell
if this is the correct.

I went short overnight for a nice windfall, but closed all positions
earlier for the long w/e.

arco

[dumbass]

i would agree that top is in

dark cloud cover on the weekly chart is very significant also backed up by shooting star on the daily

there will be some good entrys to go short as this first wave down gets retraced by wave 2

heres a bit of wave personality

wave 2 often retraces so much of wave 1 that most profits gained up to that time are eroded away by the time it ends.
investors are thouroughly convinced that the bull market is back to stay

so wave 2 normally gives a sharp correction to 50 - 61.8 of wave 1

so i will aim to wait for wave 2 retracement to set up big short

stop loss at 159 + a few

i would have an ambitious target at 143 (61.8 of complete wave complex )
and also bottom of wave 4