System Messages

This forum is for members of the Apiary Investment Fund. To learn more about how to get involved,
sign up now for a 14 day free trial or fill out the form below and preview the training right now!

EU retrace in the Works?

 
Back to Forums
 
 
Chuck HTown

EU retrace in the Works?

We haven't been at the price levels on the Euro in 3 years. Based on historical data, 1.2272 will be difficult to top. If there is any upside, it will be early and short lived. My strategy is to sell rallies on this pair

Sun, 01/14/2018 - 7:33am
 
triguylm1

Hi Chuck, welcome to the hive! I like your thought about the EURO being over done; however, one must think of the reason the market is bullish and the possibility of the continuation for another 90 day cycle when the European Central Bank (ECB) sets a new rate according to the latest monetary policy. See @:

http://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interes...

The ECB interest rate recently released stated; "At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases." (12/14/2017, ecb.europa.eu)

I recommend one keeps more positions on the bullish positions as Euro economics is still continuing in the stimulus economic condition set back in March of 2016!! The EUR/USD took several months to react to the new stimulant policy and began it's bullish trend in the 4th quarter of 2016. So running bullish positions should still provide higher profit potential.

Reference: http://www.ecb.europa.eu/press/pr/date/2017/html/ecb.mp171214.en.html

Hope this provides a little better knowledge of future positions to take in the markets.

Also, I must add the ever bullish gold market (XAU/USD) is adding bullish pressure to the EURO currencies as well. Check the H4 chart. You will notice gold has moved up over 900 pips since the Dec. 13 Fed meeting & the Dec. 14 ECB meeting.

Keep on major trend!

Use pull-back system, and enter with trend. See example @ https://www.youtube.com/channel/UC384yObBxlCmrKWvlq0775Q

 
Skeeva

Great analysis Triguy! It's always a good idea to use Fundamental analysis to go with the technical analysis. Gold has been very good the last couple weeks!

 
triguylm1

Will Gold continue to put pressure on this market as well? Note the correlation on the EUR/USD & Gold H4 charts below:

Here we are again looking at the EUR/USD testing the year high pivot point again this week.

Gold is pushing up as Dow Jones and S&P markets are pushing to new all time highs.

Just a simple cause & affect analysis.

Note: These markets have been in a price range since Jan. 12th

I recommend buy limit orders to catch small pull-back entries.

EURO H4 Chart Testing new year high pivot.png gold running bullish as US Dollar runs bearish.png
 
Chuck HTown

Thank you sir. I made this post as a Silver II requirement. I had no idea anyone would read it, let alone respond to it. Thanks for the effort and sharing your thoughts. Now that I know I will be more concise with my post and research that I share. If this screenshot attaches, it somewhat confirms your analogy of higher prices on a longer term basis.My comment was initially based on approaching preBrexit price points, but it had so substance or value to add to the hive. Thanks for the kind manner in which you subtly made me aware of what and how I post. Gold is also tied directly to the dollar and will thrive as long as the ECB provides this dovish approach. Thanks again.

t0trn.png
 
Chuck HTown

Thank you sir. I made this post as a Silver II requirement. I had no idea anyone would read it, let alone respond to it. Thanks for the effort and sharing your thoughts. Now that I know I will be more concise with my post and research that I share. If this screenshot attaches, it somewhat confirms your analogy of higher prices on a longer term basis.My comment was initially based on approaching preBrexit price points, but it had so substance or value to add to the hive. Thanks for the kind manner in which you subtly made me aware of what and how I post. Gold is also tied directly to the dollar and will thrive as long as the FOMC provides this dovish approach. Thanks again.

 
triguylm1

Thanks for you're support Chuck. I'm just thankful for the opportunity to share my ideas and trade analogies with the hive. I can't predict the future, but know market sentiment tends to reveal it's self in many different ways. From patterns, ranging prices, or breaking news events. And of course it's easy to post historical data and make arguments for trading a particular system and stating a trend direction as it already had been established. The trick is to begin to plan out scenarios for the right side of the chart and gain profitable outcomes.

again thanks for sharing and starting this thread.

Lindsey