Thread: Closed: Discuss EUR/USD News with a DailyFX Analyst

Originally Posted by Blaiserboy

To rely on an oscillator may prove to be costly in the long run...... best to examine price bars.

Just an opinion.

Well taken Blaiserboy. Maybe I should've added as well, that I use SAR parabolic indicator for trend movement and also the MACD.

Originally Posted by Hampshire Hog

I am trying to learn the Chartist view of Forex trading having only followed fundamentals previously. With the increase in risk appetite growing from Wall Street's strength the traditional weakening of the USD and strengthening of the Euro is clear once again so I struggle to subscribe to the comments on hear encouraging shorting positions on EURUSD. Charts tell historic patterns but how many times have we been through market conditions such as these? They are unique occurences not seen since The Great Depression. I am clearly missing the point.

That’s matter of psychology: we’ve got used to short euro, and some time ago it was reasonable, cause drops were sharp and fast. However, now time to change our minds and to start shorting dollar, at least it’s a little bit more safety. Eurobulls are ruling fundamental news now..

Originally Posted by Blockbuster

thank you my friend.

i learn RSI just i m learning English these days i m from Belgium.

question to you. was RSI tell you that euro cross 1.44 today?

RSI doesn't tell if it's going to hit a certain price, but it will indicate the trend is going to move either up or down due to the market being overbought or oversold, so it is better to watch the market and the price bars as Blasierboy so graciously suggested and also put in stoploss (SL) to limit your losses.

Careful Rsi can stay at oversold/overbought levels for hours/days sometimes, I wouldn't trust
Psar too much

Could someone explain Divergences since its more or less beign discussed?

Here is a video on how one can use RSI in their trading approach:

http://forexforums.dailyfx.com/daily...ading-rsi.html (DailyFX: Trading with RSI)

Originally Posted by Thomas Long

Here is a video on how one can use RSI in their trading approach:

http://forexforums.dailyfx.com/daily...ading-rsi.html (DailyFX: Trading with RSI)

Hi Mr. Long.
There's nothing there.

Originally Posted by TheSterlingBull

Careful Rsi can stay at oversold/overbought levels for hours/days sometimes, I wouldn't trust
Psar too much

Could someone explain Divergences since its more or less beign discussed?

......all depends on time frame. SAR has been working GREAT for me.

Originally Posted by rickos69

Hi Mr. Long.
There's nothing there.

You should see this screen below when clicking on the link. You then click on the arrow in the middle of the page. Not sure how far you can get, but the link is good.

Here is a link to the main page with all of the videos listed:

DailyFX Education Videos - Forex Trading Strategies - DailyFX Forum

Originally Posted by Thomas Long

You should see this screen below when clicking on the link. You then click on the arrow in the middle of the page. Not sure how far you can get, but the link is good.

Here is a link to the main page with all of the videos listed:

DailyFX Education Videos - Forex Trading Strategies - DailyFX Forum

Nope, nothing. But, it could be just me. We just put in a new firewall at work.
Will try it from home.

Thank you.

Originally Posted by rickos69

Nope, nothing. But, it could be just me. We just put in a new firewall at work.
Will try it from home.

Thank you.

Drop me an email if you continue to have issues from home if you would be so kind. I think it may be your firewall, but obviously I would like to know for sure. You can email us at instructor@fxpowercourse.com. Thanks.

Originally Posted by Thomas Long

Drop me an email if you continue to have issues from home if you would be so kind. I think it may be your firewall, but obviously I would like to know for sure. You can email us at instructor@fxpowercourse.com. Thanks.

Ok. Thank you again. You're always a great help.

Originally Posted by Blockbuster

thank you my friend.

i learn RSI just i m learning English these days i m from Belgium.

question to you. was RSI tell you that euro cross 1.44 today?

On this board is some teaching threads ie trend lines and trade of the day and fibonacci

There are many valuable ideas in those....... Rather than making mistakes............. is best to spend a lot of hours reading those threads and learning from the posts.....

Sometimes people want to get a 'tip' in the forums..... and that can lead to a huge mistake... is best to learn from the instructional threads and videos.. and equip yourself to make your own decisions....

As far as forecasting a market move, I am not aware of anything that can do that for you..... however, a judicious application of price action, fibonacci and trend lines coupled with some support and resistance lines..... can give you a good idea....

The market does not obey our wishes.. we have to take what the market will give us...... and our entries have to be studied and accurate or we will donate our account to the broker

I couldn't agree more with WJFX, if your just starting out, don't confuse yourself with a lot of indicators, price action, or bars should be primary focus. Also, unless your planning on watching your computer 24/7, best to focus on a longer time frame like 8 hour charts or even dailies.

Originally Posted by TRADERTRAV

I couldn't agree more with WJFX, if your just starting out, don't confuse yourself with a lot of indicators, price action, or bars should be primary focus. Also, unless your planning on watching your computer 24/7, best to focus on a longer time frame like 8 hour charts or even dailies.

Hi Trader


Every Indicator has very beautiful Meaning So U can view Any time Frame That U Like very Much!!

And MACD, RSI Stochastic they are very Well known Indicator..and etc

Just Try a AROON Isolator!!!.. If U need How To Use Aroon I will Tell U if U need..

Well Euro Went on a tear since Thursday of last week. Missed the long entry on Friday after US news release. Got long today. I'm staying long Euro$ until Daily charts stop following the 8ma and 20ma North. Weekly Charts show a possible continuation to 1.4720 & 1.4900 area. Best to Stay long and buy pull backs until Daily / Weekly charts show otherwise.