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

Originally Posted by oztrader

I agree.

As long as someone comes here to learn from and share with other forum members, we should encourage and help them. We shou;ld not revert to "Tall Poppy Syndrome" and try to cut someone down just because they have a different value system.

Just my 2 cents!!

I agree with you guys. That's why I asked him to hang in there a give it a chance.

BTW see the recent jump upward? China must be playing around. Rumor has it they did this end of last Friday too. Some crosses are also pulling it along....at least that what some recent news release are saying.

Originally Posted by mechtech

I agree with you guys. That's why I asked him to hang in there a give it a chance.

BTW see the recent jump upward? China must be playing around. Rumor has it they did this end of last Friday too. Some crosses are also pulling it along....at least that what some recent news release are saying.

I see the moves up on all the major crosses, but they do not look unusual. Could be China or could be normal market action.

At the moment, the trend on EU is down, so I am looking for a good technical entry point to short the cross. Right now we seem to be in a bit of consolidation. Maybe we will get a break one way or the other when Europe comes online in the next 2hrs.

If it breaks up, then it may give us better opportunities to find a short entry. If it breaks down, then we need to identify a technically good place to place our short entry. There may be a bit of resistance at around 1.3330 (the daily Pivot), but if it gets through there it may go after Friday's low at 1.3202.

Good luck to all. Lets get some pips.

Originally Posted by abboud

Folks,
Have a calm night for US people. I hope you all win, the nice about this is that all can be winners.

Guys, remember God is love! If you don't believe in God, remember humanity is all about coexistence !!

I think I won't use any info from this forum nor I will return here. Kind-a misleading ..

Besr wishes to all and have a blessed life.

You will not be missed. and please keep religion out of forex.

Originally Posted by Uber FX nUblet7

The whole thing seems out of proportion. A typo here... an account balance there, and WAY too many unnecessary attitudes. The guy doesn't view a few grand the way you do... so we should beat him up because others only 'hope' to make money. Nonsense, stick to trading guys. Don't chase people away. Why not just refrain from responding?

PLEASE practise what you preach.

Sean/Thomas,

been noticing the economic calender sometimes don't get updated even hours after the annoucements, particularly during Asian hours. Any idea why?

I agree with atac..the economic calendar sometimes doesn't get updated

This may be contributing to the current upward movement:

07:19 GBP/USD: 1.5500 Offers Threatened After Fix-Related Buying] London, April 26 (IFR)
Fix-related buying of the pound is being flagged as a factor in cable"s rise to an 11-day high two pips shy of touted offers at 1.5500. There is talk that a quarterly dividend payment might be the source of the fix-related buying, with two names-in-the-frame. One of those names, a UK clearer, will pay a dividend next week (May 5). Another, a UK oil company, will announce its Q1 results at 7am BST tomorrow. The latter name often sells around half-a-yard of USD in the five days preceding its quarterly results announcement (today would be day five of five), and was a rumoured USD seller/GBP buyer last week.
Buy stops were previously tipped above 1.5500, with further offers then noted ahead of 1.5524

Waiting to see 4h bar close back in 10-day 4hr channel before taking a short for the week. Thus far looks like support at former channel resistance.

Originally Posted by abboud

BTW: I started only the friday before this passed one in Forex ... yeah ... newbie ;-)

Sorry for the response to the confusion on your first post. Stick with this site. There are not too many sites that offer such a diverse practitioner and instructor base to help you get started.

I trade standard contracts also, but when I'm targeting 75-100 pip moves , (with a proven strategy) I enter with 3 contracts. Then around 10 pips in the money, I pull 2.5 off and move my stop to 50 pips above my original entry. Now I can follow my trade plan with a riskless trade. There are very few occasions (if you have a decent strategy) that your first trade will never be in the money. Just a tip.

Originally Posted by atac

PLEASE practise what you preach.

I do, I saw people acting the way you do atac and I took some time away from the forum. The forum shouldn't be subject to your attitude period. I don't want to get into anything, but how you are acting is bad form. It is easy to be hateful towards others because of your own misgivings. I could half understand this kind of posturing by you if abboud was misleading traders or doing something else unethical. But he was giving his pov on how he views his losses and not patronizing anyone. You seem to want to extend your attitude at me as well. Maybe you have a personal problem. Either way it doesn't matter. Play nice or not at all. Others agree so you can stop the nonsense already.

And now, I will not respond to you ever again. But I will comment when people bashing gets out of hand. Happy Trading.

Reviewing the posts this Morning, It looks like We may have been a little too harsh with Abboud. In My defense, it was late and I was tired and had watched a 30 to 40 pip gap evaporate against Me.. He just touched a tender spot with the 15K remark.
A second chance this Morning to regain those Pips while I was catching ZZZZ's, has elevated My Mood.
Steve, My Sage. I'm a little confused by the 2.5 statement. Do You close one position and let the other two ride. That fraction doesn't add up to Me.

Originally Posted by bill2759

Reviewing the posts this Morning, It looks like We may have been a little too harsh with Abboud. In My defense, it was late and I was tired and had watched a 30 to 40 pip gap evaporate against Me.. He just touched a tender spot with the 15K remark.
A second chance this Morning to regain those Pips while I was catching ZZZZ's, has elevated My Mood.
Steve, My Sage. I'm a little confused by the 2.5 statement. Do You close one position and let the other two ride. That fraction doesn't add up to Me.

Bill, I think he closes two and half of three positions. And let the half lot run it's course.

A-Yo Bro

Originally Posted by bill2759

Reviewing the posts this Morning, It looks like We may have been a little too harsh with Abboud. In My defense, it was late and I was tired and had watched a 30 to 40 pip gap evaporate against Me.. He just touched a tender spot with the 15K remark.
A second chance this Morning to regain those Pips while I was catching ZZZZ's, has elevated My Mood.
Steve, My Sage. I'm a little confused by the 2.5 statement. Do You close one position and let the other two ride. That fraction doesn't add up to Me.

Good Morning Bill!

First Trade is 300K (3 std. Lots/ 30 mini). Second trade takes 250k off around 10 pips inthe money (10*$25=$250 profit) leaving just 50k ($5 per pip forward) of first trade to my higher risk price target. I have 50 pips (50*$5=$250) breathing room on my entry before I draw down a penny of my pre-trade account balance.

That help?

Originally Posted by Steve125

Good Morning Bill!

First Trade is 300K (3 std. Lots/ 30 mini). Second trade takes 250k off around 10 pips inthe money (10*$25=$250 profit) leaving just 50k ($5 per pip forward) of first trade to my higher risk price target. I have 50 pips (50*$5=$250) breathing room on my entry before I draw down a penny of my pre-trade account balance.

That help?

I see! Said the Blindman.
Not quite sure if that style of trading would suit My Personality. I'll have to ponder it awhile.
I have tried two positions. Closed one when into the Money 10 Pips and moved my stop 10 pip increments as it continued in My direction. Of course you always have the Aw Shucks! reaction if it continues a long distance. I coulda doubled My Money, if only.

Originally Posted by pivot_call

Last two waves of the 5th wave of the 3-3-3 C wave left. Going short at 1.3262 and changing position and going long at around 1.3140. Notice how all major waves are exactly at the Fib levels and how all (a) and (c) are exactly equal.

Hey Pivot

So I was looking at your chart, and you had three waves for wave 3 and anticipated a three wave move to complete wave 5? So I think your counting the decline from 3691 as a five waver w/ the internals being three wave moves, which resemble a ending diagonal(3-3-3-3-3). Knowing that EDs show up in wave 5s and Cs, was wondering which of the two, you see it as. Your wave 1 has a better correlation with 3419 low(your wave a of 3), as if it's the end of wave 3. My count for the 3522 decline 3201 is a hot mess. So your depiction of a ED, makes my count legible. I think I've seen a couple counts like the one below in the EW forum, I think JahDave has something similar.

A-Yo Bro
PS. The rise from the new low is being restricted by 38.2 of 3691 decline. It has good measurements too, a=c, zigzag.