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

Originally Posted by dhan1163

Could you explain how to use MVA?
How do you have 1.2462 of E/U? Is it a blending point of MVA ?

Thanks

Those numbers under my signature are old. They were plotted on the way down. The Numbers come frome My Pip GPS indicator that I created. Sorry I will take them off now.

Originally Posted by bill2759

Well! Good Afternoon anyway. A little late to the Starting Gate Today. Had to hit the Hospital this Morning fo a little outpatient proceedure. Feeling a a lot lighter and Hungry as a Bear.
It took Me almost an Hour to read thru the posts I've missed since last night.
I did manage a glance at the Monitor on My way out this Morning. Surprised as Heck! Those two shorts I've been holding since 5/19 that had gone a mile and a half against Me, were closed for My designated 50 pips each. A great way to start the day.
It looks like a 150 pip retrace since then. After I consult with Madaam Babushka I may just jump back in the Fray on the short side again. It's as if Providence is providing Me with every opportunity to expand My Bank Account.
Madaam B is smirking because of the hard time I gave Her on these two shorts. "You must learn to listen to me Fool."
Indeed I must!

Happy Trading! The Madaam Knows!

Hello Bill,
But don't you think it is too early to start shorting ? It seems to me the same scenario of last week ?

Back in short at 1.2425.
Madaam B says it went thru this once Today for over a hundred Pips like Crap thru a Goose. There's no reason it shouldn't do it again.
Who am I to argue?

P.S. Saw Mat23's post after I entered. Answer: Could Be! But then He Who hesitates is lost. You can always add another position if it goes too far against You. That may not be Your style of Trading.
Good Luck.

The BBs are for trending support or should I say a visual of the trend. the 45 degree line is the indicator. look at this 5 min see how price did not break the 45 and the 200 confirmed the up move.

Remeber this If price is above the Ma and the ma crosses the 45 degree line it will go up. If price is below the 200 and breaks the 45 degree line it will go down.

Originally Posted by MoneyInc.

The BBs are for trending support or should I say a visual of the trend. the 45 degree line is the indicator. look at this 5 min see how price did not break the 45 and the 200 confirmed the up move.

Remeber this If price is above the Ma and the ma crosses the 45 degree line it will go up. If price is below the 200 and breaks the 45 degree line it will go down.

So you think this move upward has a little further to go? I would be surprised to see it hit 1.24

Originally Posted by Mary R

So you think this move upward has a little further to go? I would be surprised to see it hit 1.24

It could if the RSI goes into over drive. 1.2407 then 1.2421 if it breaks this area Hold on.

Originally Posted by MoneyInc.

The BBs are for trending support or should I say a visual of the trend. the 45 degree line is the indicator. look at this 5 min see how price did not break the 45 and the 200 confirmed the up move.

Remeber this If price is above the Ma and the ma crosses the 45 degree line it will go up. If price is below the 200 and breaks the 45 degree line it will go down.

This also could understand by
BB is built from MA. MA 200 confirmed. i.e. price moves above/below MA 200 in a certain time frame. Hence, The trend (in a certain time frame ) could reverse.

Thanks

Originally Posted by bill2759

Back in short at 1.2425.
Madaam B says it went thru this once Today for over a hundred Pips like Crap thru a Goose. There's no reason it shouldn't do it again.
Who am I to argue?

P.S. Saw Mat23's post after I entered. Answer: Could Be! But then He Who hesitates is lost. You can always add another position if it goes too far against You. That may not be Your style of Trading.
Good Luck.

Hi Bill, do you mean 1.2325? I would like to short at 1.2425, just gotta get there.

Originally Posted by MoneyInc.

The BBs are for trending support or should I say a visual of the trend. the 45 degree line is the indicator. look at this 5 min see how price did not break the 45 and the 200 confirmed the up move.

Remeber this If price is above the Ma and the ma crosses the 45 degree line it will go up. If price is below the 200 and breaks the 45 degree line it will go down.

OK !!!

I think I got the principle now

Thank you MoneyInc for your perseverence.

Colly

Originally Posted by dhan1163

It's Ok. Colly. I think that MVA brings good information. You also confirm this (E/U could go up to 1.2462 or more a little bit at 4H-chart of E/U).
Thanks

MVA is built from RSI. RSI = Bull + Bear. If RSI increase, i.e. Bull > Bear. and verse visa. If price > MVA 200 . i.e. It confirms bull in a certain time frame. and verse visa.

PS: beware using them while the market is not steady as Friday,..
I think that It's good using for hours/daily charts to recognize the long-term trend.

Thanks

Possible count to the downside in the morning i had a bullish count and was looking to buy which i did from my buy zone chart.



I think price may go down again then fully retrace which might confirm a reversal provided prices dont break away too far from my buy Zone

PS
You can not really tell how far count C can go because on he 15min Chart its a C up on The daily it might also be a C which is why i was looking to buy on the dip today

Originally Posted by dhan1163

MVA is built from RSI. RSI = Bull + Bear. If RSI increase, i.e. Bull > Bear. and verse visa. If price > MVA 200 . i.e. It confirms bull in a certain time frame. and verse visa.

PS: beware using them while the market is not stedy as Friday,..
I think that It's good using for hours/daily charts to recognize the long-term trend.

Thanks

If the trend is your friend then the 45 degree is your Moma. lol !!!
You have to listen to it. Also your real or big trade should be in the 5 min TF or at least that how I do it.

It might be possible that the pop up was to normalize things a little all pairs down over 2% on the USD not really good in my opinion.

Most pairs where still down but at an acceptable 0.50% or less thats just me thinking out loud

This is a critical area a break up 1.2532 a break down1.2226 is possible. I think what about you all.

Originally Posted by Mary R

So you think this move upward has a little further to go? I would be surprised to see it hit 1.24

I wouldn't. The pair has been trending nicely the past few days. On the hourly chart I see that a pretty nice short term rally has developed. MACD, Signal Line, and the Histogram all showing bullish signals. The pair will likely gap higher. Even though I plan stay in this trade for a while I too may use this opportunity to increase my position.

However, I am curious about Bill's entry price of 1.2425. I'm assuming you're using the high on the 5/24 1300-1400 hour bar. My chart shows it peaking at 1.24165.

The Southerner