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

Originally Posted by asherewt

USD Index has finally found a decent Support and the Current Strong Bullish Kijun-Sen Cross should now be seen as the confirmation for a longer powerful rally in US$ against the other major currencies.

In terms of Trades Updates (Longer Term) I'm still holding GBPUSD all the way from 1.6501 and EURUSD from 1.4895 ...

Good luck.

Is that a SAR points on your charts?

Originally Posted by Steve125

Sean, looks like it rejected .4046, the 78.6 fib from .3748 (Week 6/15/09) to the top @ .5143. This is the first correction of that move. Have you looked at that?

approaching that 14146 again, let us see if it will hold this time or get rejected again.

Yes Adam, it is SAR ...

Originally Posted by adam6655nyc

Is that a SAR points on your charts?

Originally Posted by asherewt

Yes Adam, it is SAR ...

I love that indicator, accurate 100% with PP.

You mentioned you are short gbp/usd, are you going to hold your short, I see it trying to turn around and it will be fast if it does turn, I put my stop at 16310, what is your stop if you do not mind me asking?

Hi,
I'm just a novice trader.
Trading us/eur/gdp/jpy/aud

Just opened a long position on eur/usd
Sounds to me that the Greece problem wont affect much
US stocks has been down these pass 2 days
so I'm expecting a Bull run tonight for this pair

Also had a Aud/Jpy opened Long ( I know this is a eur/usd forum but there is no AUD/JPY forum around hehe ) - one of the reason is carry trade

just thought I post here from time to time what I trade.
I been reading everyone's post without contributing.

papill0n

Yes I agree with you SAR is a good indicator for confirmation.

I have a system of continously moving my SL towards the Trend Direction so there is no fixed SL right now.

BTW, for Cable 6237 and 6300 are the next Resistance Levels to watch out for ...

Originally Posted by adam6655nyc

I love that indicator, accurate 100% with PP.

You mentioned you are short gbp/usd, are you going to hold your short, I see it trying to turn around and it will be fast if it does turn, I put my stop at 16310, what is your stop if you do not mind me asking?

Hi, im just wondering where do you trade commodities from?
I only been trading for a year (stocks and currency)

Not sure who you asked this question to but I thought I would share few links with you for trading commodities.

1. If you're comfortable trading CFDs then try CFDs | CFD Trading | Contracts for Difference or Trading CFDs | Online CFDs | CFDs | IG Markets

2. If you want MT4 specifically then try Googling ALTRADE or ICM Trading

Cheers,
Asher

Originally Posted by papill0n

Hi, im just wondering where do you trade commodities from?
I only been trading for a year (stocks and currency)

Although we were stopped for a loss earlier in the week, we still remain highly bullish at current levels, with the market trading at what appears to be a discount given longer-term technical studies. Weekly studies are oversold and we expect to see a major bounce over the near-term, which ultimately will set up a major base and open some significant upside over the coming weeks and months. While a sell-off in the USD on Friday does not favor a higher cross rate, we do not expect the USD selling to persist and would use any cross weakness resulting from broad based USD selling as an excellent opportunity to re-establish a long position. STRATEGY: BUY @1.5510 FOR AN OPEN OBJECTIVE, STOP @1.5360. RECOMMENDATION TO BE REMOVED IF NOT TRIGGERED BY NY CLOSE ON FRIDAY. 3X LEVERAGED.

All my best,

Joel

Hello, Traders.
Question about EUR/GBP
How far do you think this pair will go up today ?

Originally Posted by TVLT

Hello, Traders.
Question about EUR/GBP
How far do you think this pair will go up today ?

I suspect between 1.4179 to 1.4223

Sean

Obama's comments yesterday compelled the traders to book profits on short positions, so this retracement yesterday night.

But i won't say that profit booking is finished and traders opened fresh sell positions at this stage.

I feel the price movement should largely depend on stock market situation today.

Untill obama's comments are eased out, this situation could continue, i mean this pair could further rise or a choppy trading for few more days.

Originally Posted by Steve125

I suspect between 1.4179 to 1.4223

On your prediction Steve to TVLT, I'm going long the EUR/GBP. 5500 Pips in one day makes my trading worthwhile. I just hope it doesn't go the other way.

Old Bill

The below was listed a few minutes ago on FXCM streaming. My question is not whether the specific advise is right or wrong. My question concerns the contrarian signal in general.

EURJPY SSI at an impressive 4.9 long positions for 1 short. Strong contrarian signal to go short. Indeed, SSI trading systems heavily short.

Ok. I accept the above based on the assumption that retailers are uninformed, or at least not timely, compared to the big money.

Using the specific as an example, (because this could happen with any pair, anytime).

My question is, if the retailers are wrong, who was defending 127 all night long, in a battle that I think actually was the cause for EU moving up a bit overnight? There was big money on the table.

So they were defending 127 in order to go short afterwards??? I don't think so. And in fact, 127 may fall, but, that is another discussion.

Originally Posted by bill2759

On your prediction Steve to TVLT, I'm going long the EUR/GBP. 5500 Pips in one day makes my trading worthwhile. I just hope it doesn't go the other way.

Old Bill

LOL, good lord bill your right. I guess I should never assume posts are on topic, after all there is no other place for posts on that pair.