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

Originally Posted by ComethMoney

Out of the Elliot wave, Ichimoku, Geometric And Techincal analysis, which is your favorite one to use? Do you have an order in which you use them?

good ole price action and S/R

Robert is his name but also known as Bob ... Robert Prechter - Wikipedia, the free encyclopedia

Originally Posted by ComethMoney

Bob Precther or Robert Precther? He seems to go by both names online. Which one is true?

Originally Posted by jolopino

So, it was quite nervous day for dollar bulls. 50% fibo holds (50% of the last down swing). I am still holding short, stop just above today’s high. What are others expectation?

I get stoped out. So just some 20 pips in profit. It is quite good to open longs now.

I've been Long on E/U since Friday from 4880 and just took profits now at 4990. Do you mind if I ask the reasons for shorting E/U ...

Originally Posted by jolopino

I get stoped out. So just some 20 pips in profit. It is quite good to open longs now.

Originally Posted by jolopino

So, it was quite nervous day for dollar bulls. 50% fibo holds (50% of the last down swing). I am still holding short, stop just above today’s high. What are others expectation?

Originally Posted by asherewt

I've been Long on E/U since Friday from 4880 and just took profits now at 4990. Do you mind if I ask the reasons for shorting E/U ...

When I was short, there were reasons for me to be short due to technical analysis, which I explained though my charts. Probably my target was to big. I should closed position on 1.4850 level, but it is Forex nothing for 100%. Now I do not see short opportunity. Probably soon we will break 1.5050 level. It is worth to reopen longs I think.

No worries, I perhaps missed your charts earlier. Sorry, I should have looked at the charts before asking.

Originally Posted by jolopino

When I was short, there were reasons for me to be short due to technical analysis, which I explained though my charts. Probably my target was to big. I should closed position on 1.4850 level, but it is Forex nothing for 100%. Now I do not see short opportunity. Probably soon we will break 1.5050 level. It is worth to reopen longs I think.

UPDATE

EU

Originally Posted by asherewt

I've been Long on E/U since Friday from 4880 and

Hi Asher that Great You Made Money, But dont your think that was very Risky Trade..

1.4880 level..


But You are very SHARP guy.. I bet..


Daily TS KS support 1.4880

4 hour Tenken Sen Support 1.4880 as well the 55 SMA.. With lower Side 65 Period..


1 hour TS AS KS Crossover Support @ 1.4880


I think You Made the ICHIMOKU THE HOLY GAIL


cheer..

Thanks Vincy,

As far as I can see it wasnt a risky trade, ERUJPY trade (in which I lost 22 pips on Friday) was actually much riskier.

Cheers,
Asher

Originally Posted by VINCY BALBOA

Hi Asher that Great You Made Money, But dont your think that was very Risky Trade..

1.4880 level..


But You are very SHARP guy.. I bet..


Daily TS KS support 1.4880

4 hour Tenken Sen Support 1.4880 as well the 55 SMA.. With lower Side 65 Period..


1 hour TS AS KS Crossover Support @ 1.4880


I think You Made the ICHIMOKU THE HOLY GAIL


cheer..

Originally Posted by asherewt

Thanks Vincy,

As far as I can see it wasnt a risky trade, ERUJPY trade (in which I lost 22 pips on Friday) was actually much riskier.

Cheers,
Asher

cheer asher..

It is good Point of PIVOT level..

Risky ,, for me... this is not my style..


may be thats why..

Originally Posted by asherewt

Thanks Vincy,

As far as I can see it wasnt a risky trade, ERUJPY trade (in which I lost 22 pips on Friday) was actually much riskier.

Cheers,
Asher

That's a neat chart there

Better to stick with the trend, than what seemed like a double top.

It's always more likely that the trend continues onward than it is that the pair tops. Oh sure, it will one day....but that's only once...the trend continues on, more times than not.

Stocks are up, retail sales figure up, and not much buying seen.

can anyone please tell me why I can attach a file on this thread... I just dont see the 'manage attachments' button on the 'attach files' section in Additional Options...