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

Everybody, have a nice weekend!!

Until next time.. ehmm monday!

Originally Posted by FXTA

Anyone think we break this support next week? looks like its going to be a tough one. I dont know if anyone follows the measurement rule, (e.g. wedge break falls to where the wedge started..etc) Hopefully bears go on a rampage next week, also dollar has a strong resistance coming up, thanks Mary for the chart

It's going down to 1.29445.

Originally Posted by FXTA

Anyone think we break this support next week? looks like its going to be a tough one. I dont know if anyone follows the measurement rule, (e.g. wedge break falls to where the wedge started..etc) Hopefully bears go on a rampage next week, also dollar has a strong resistance coming up, thanks Mary for the chart

If that's the rule then we should fall to the bottom of the wedge on the daily. Correct?

Originally Posted by dhan1163

It's going down to 1.29445.

Close enough target for me...

Originally Posted by Mary R

dollar index

Thanks for web site.
Dollar index is going down to 76.x

Originally Posted by EZCashDreams

If that's the rule then we should fall to the bottom of the wedge on the daily. Correct?



Close enough target for me...

I have calculated on weekly chart.

Originally Posted by dhan1163

Thanks for web site.
Dollar index is going down to 76.x

Could be tough if the EUR/USD is going down to 1.2944 at the same time.

Originally Posted by Thomas Long

Could be tough if the EUR/USD is going down to 1.2944 at the same time.

Lol....its a race.

Originally Posted by Don Miat

Hi Everyone,

Just wanted to share my last trade, I went short at 1,3551, got out at 1,3528
23,1 pips profit... because the Stochastic Oscilator was showing it was oversold on the 4hour chart.
But If I look at the daily chart, It had a long way to go on the oscilator until it was in the oversold region..

What are your thought on this one, good exit or had to let it run?

Nice trade.
You have applied strategy:
Cross the slow stochastic (15,5,5) on 4h chart that
Thomas, Defcon, AyoBro have presented.

Originally Posted by Thomas Long

Could be tough if the EUR/USD is going down to 1.2944 at the same time.

that's right.

Originally Posted by dhan1163

that's right.

You do realize that you are telling us that the USD is going up and going down at the same time don't you?

yes Dhan, please clarify. Inquiring minds want to know how such an event would be possible

Maybe Dahn has a chart showing the dollar index rising and the Eur/USD pair Rising at the same time. Or is it the opposite. If indeed He does, I point to that as the reason Techies should always look over their shoulder at the Fundamentals. C'mon Dahn, show Us what Ya got.
My entry order at 1.3575 never got touched. I'm pulling it and will wait to see what World turmoil occuring this Weekend will effect the opening Monday.

Peace be with You Brothers.

Originally Posted by dhan1163

that's right.

Originally Posted by Don Miat

I had 10 lots open, so I could have closed 5 of them. But I was in "one click trading mode", which does not let you specify how much lots you want to close.

And I did not know that there was a option for closing half of your lot (if more than 1 ofcourse)

If I wan't to stay in "one click trading mode" I can open 2 x 5 lots everytime I trade, instead of 10 lots at once. Which ofcourse is the same.

Thanks Thomas,

Just an FYI, One Click lets you choose any amount. Click the down arrow next to the amount and select the desired amount to trade then click the buy or sell (yes, it's two clicks now but it's still faster). You can select any portion of your trade. If the amount isn't listed (i.e. 20,000 in micro), just type it into the box.

TAfool

Originally Posted by Thomas Long

You do realize that you are telling us that the USD is going up and going down at the same time don't you?

Thosmas, I'm sorry. I'm missing. They're not the same time.
Dollar index is developping 4 and 5 Elliott wave.
I tried to calculate by:
Elliott wave method ( 5-wave of Dollar Index is going up to range: 81.903 - 82.894)
Eqilibrium method: Dollar Index is going up to 83.x.
S&P 500 is going down to 1,145.1 (current point is 1,159.41).
DJIA is going down to 10665.43 (current point is 10734.65)
Closet point that Dollar index is going down is 79.37 (current point is 80.729)
U.S treasury 10 years is going up to 3.72 (current point is 3.69)
VIX still has a low point more, then it's going up to 23.13
This means Dollar Index continues increasing (E/U is decreasing), then Dollar Index is going down to 76.x (E/U is going up later.)


Thanks for asking.

Quick update on my EUR/USD short trade --->

StiLL holding short, and I have just moved my stops down a bit more, Locking in additionaL gains... I continue to hold short Looking for 1.2700