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

Originally Posted by stanchiam

wave 5 coming

this is it?
will the bull continue its move?

Originally Posted by SharonSS

Yes, you definitely answered my questions in depth. Thank you!

Last question: This one has to do with bars that you sometime start a TL with. I noticed it on one of your 30M charts last Friday and tonight on two of the 240M charts. Two charts, but same TL so not to worry. LOL

Looking at your third 240M chart you posted and at the second TL, why did you start (left side) the TL where you did instead of the higher Car - I think it's five bars earlier. I know there must be a good reason. Maybe it has to do with that third HH from the left?

Thanks again for your in-depth reply. Hope my question is clear.

first of all, my approach on TL is orthodox. I don't follow any set rules,I don't know if any exist for that matter....
I have self learned TL's and the only approach i can tell you that I imply is to keeping it simple....
The TL starts from any high/low var and to me it is valid / tradeable as long as it has been tested previously with certain supp/resis formation to it.
To explain it better it has been running smoothly with minor ups/down to it and if the lvls portrayed in these TL's is getting confirmed out with maybe another 1 or 2 from different points taken on another TL's then that lvl is of interest to me...
you said 3rd chart, is it with the T1 at 3691 and T2 at 3598.
T1 is from higher bars and T2 is a section or as i may put it dissecting TL which if u look at it again would find out where it held its ground it has proven to be a good resis, should act as a supp and if broken good chances it would accelerate the drop..however u saw the charts i posted and as long as 3560-66 stays intact this baby can float back up...
Next good spot to long should be around 3510-25 region....

Imp: When viewing my charts, PLZ remember, i don;t have any set rules.. but as long as they work out for me, i have no issues with it...
What do u think..............

GL......

ok probably because Im too young in this experience that
trying to be sure I believed that the experts were more successfull!! Unfortunately I got the "result" that even I've studied and followed statistics at the time to get at 'position' the deal as gone..;(
and the account is diminished ! so probably it is better to give up at this matter!
though it is an addiction
lol

Originally Posted by Chicca

please do you have any suggestions to get some pp considering i recently lost a lot? any real nice help is very appreciated,thanks

We all are here to learn and share. we have seen our ups and down..
My advice learn first how to trade and when u think u have a good grip on it, then do the real trade... it would be different then...

GL...

thanks for yr support and telling truth i like your style

We have to think out side the box, what the big players are looking and aiming for. I still think it will drop to 1.35 or so and go back up to 1.3650. The news on greece trigger the buying option and created a huge gap that will and needs to be filled but remember this big player will make the market go long again so to protect the investment they have made.

Only my point of view.

Best of the Luck to all!

The gap for the GBP/USD is closed so EUR/USD should follow

The gap for the GBP/USD is closed so EUR/USD should follow

Originally Posted by stryker

first of all, my approach on TL is orthodox. I don't follow any set rules,I don't know if any exist for that matter....

Imp: When viewing my charts, PLZ remember, i don;t have any set rules.. but as long as they work out for me, i have no issues with it...
What do u think..............

GL......

What do I think? I think you do fine! You answered my question. Basically you go with the flow and as you said your "approach" is orthodox. Yes, there are set rules - that's why I asked wondering what I was missing. Now I don't have to wonder anymore.

What you do certainly works. Thanks loads!

Originally Posted by stanchiam

this is it?
will the bull continue its move?

Cute where they left us, isn't it? Right in the middle of a gap before NY opens.

Eurd for 15 min . I think its will going up.

It seems not eveyone is tickled by this Greek bailout, including the Greeks. Fundementals and over exhuberance about this Holy Grail made this Market jump like a Toad on a hot stove. I personally don't think Greece will go along with the IMF demands for austerity and when they tell the IMF to shove it, the rest of the EU will bail on the deal too.
So! You can talk about Your 1.37 and even 1.39 even a resumption of the uptrend to the heavens. It ain't gonna happen. We'll see 1.20 before we ever see 1.40 again.
from the Prophesies of "Nostra"bill"us"

Originally Posted by Ozis

Eurd for 15 min . I think its will going up

ah....pitchfork
longer term view using pitchfork
upper line target around 1.375-90

Originally Posted by bill2759

It seems not eveyone is tickled by this Greek bailout, including the Greeks. Fundementals and over exhuberance about this Holy Grail made this Market jump like a Toad on a hot stove. I personally don't think Greece will go along with the IMF demands for austerity and when they tell the IMF to shove it, the rest of the EU will bail on the deal too.
So! You can talk about Your 1.37 and even 1.39 even a resumption of the uptrend to the heavens. It ain't gonna happen. We'll see 1.20 before we ever see 1.40 again.
from the Prophesies of "Nostra"bill"us"

yes sir

Originally Posted by bill2759

It seems not eveyone is tickled by this Greek bailout, including the Greeks. Fundementals and over exhuberance about this Holy Grail made this Market jump like a Toad on a hot stove. I personally don't think Greece will go along with the IMF demands for austerity and when they tell the IMF to shove it, the rest of the EU will bail on the deal too.
So! You can talk about Your 1.37 and even 1.39 even a resumption of the uptrend to the heavens. It ain't gonna happen. We'll see 1.20 before we ever see 1.40 again.
from the Prophesies of "Nostra"bill"us"

I agree with that, I don't buy the theory that all the problems are solved in the EU. The officials have taken steps to ensure that they can prevent a Greek sovereign default, but how many other bailouts are going to be needed? The EU is probably going to have to form a central, federal government for the long run, its unlikely that they will be able to do it this year.