Angus Walker
After Friday’s US jobs figures, the markets appear to be sending out mixed signals. The numbers weren’t that bad according to Saxo Bank’s Head of FX Strategy John Hardy who says there was an “odd reaction”.
Squawk / 15 December 2012 at 9:23 GMT
EURNZD Weekly.
Consultant Consultant
Hi MedievalAstrology,
Allow me to show EURNZD M30.
With reference to your exhaustion signs, EURNZD plummeted to significant levels. EURNZD produced two triggers down and they expanded in a universal way.
The thick yellow line marks the price level where Lyapunov exponent =0. When the exponent is > 0 the expansion takes most vivid colours and dramatic events should be expected.
The thick yellow line is @ 1.5817. Below the LE > 0.
You see that the system reacted nervously on a first attempt to dip below the yellow line.
The second attempt was excellent.
Notice how the market became chaotic when it plunged in the vicinity of 1.5472.
From that chaos two triggers up emerged and we saw a transition to order.
EURNZD recovered to 1.5562/66 both basic Feigenbaum targets.
I marked the recent buying area and all the necessary determinants.
The nearest one from the upside is @ 1.5601. When EURNZD touches 1.5601 again it won't rest there due to the tempting stoplosses hiding above.
MedievalAstrology MedievalAstrology
Thank you ! However I frankly admit that I am no math genius like you, so my ( so far over the years successful ) analysis moves like a turtle from monthly to weekly to daily.....rarely do I trade below 1h. If so, mostly only when my monthly or even yearly target has been met ( I can then play around with tiny positions ). But I do see that the levels you show are very important from an order flow perspective. Congrats if you can trade this and put it into action !
tony1 tony1
hello Michael, i hope you having a nice wkend, do you have an e mail adress where I can reach you
MedievalAstrology MedievalAstrology
Hi Tony, no problem, write to Keep in mind though, I am not a registered investment advisor and only trade my own funds and some family/friends stuff. Everything here is free because I love the functions and features of Tradingfloor - they are doing a great job. I might write a newsletter next year, but even that would be only long-term and position-trading based on weekly and daily charts. Have a nice weekend !
Consultant Consultant
To continue about EURNZD. This is not a very strong setup to the upside. First the buying area is tiny in comparison with the sellers' two blue areas
and secondly the two triggers up do not have big energy. I think that this situation is due to NZDUSD which uptrend shows no sign of respite and we need to see evidence of some weakness in NZDUSD if we want to count on a further EURNZD rise.
The risk is that EURNZD dips to 1.5342. It calls then for our reservation while the imminent determinants remain 1.5601 and 1.5518. In this range we may see nothing extravagant. Below 1.5469 means those longs are gone with the wind and a new leg downwards develops.
Those who had opened longs below 1.5487 need to understand that
some profit taking took place @ 1.5566, there was a reason for that and it continued for more than 10 hours despite a rally on EURUSD.
Those who sold there by chance need to be alerted by closes above 1.5601.
Their stops need to be right there, not more.
Laurence Wheway Laurence Wheway
Thanks MedievalAstrology, it would be nice to find an excuse for a beer with some of you guys and girls sometime. *nudges the boss*
Umbeluzi Umbeluzi
May also email to you Medieval? I read you statement, understand and agree (you aren't an advisor, a private trader like me). Thanks


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