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

Lets see what happens...

Originally Posted by bill2759

I went short at 1.2275. It's tantalizingly close to my 50 Pip target. Go, go ,go.

That's funny, I was in at 1.2280, just closed for profit.

I am happy to take 50 pips - I closed my short (ie got out). Looking to go long again like yesterday but awaiting further confirmation on my 1 hour chart....gl all

I appreciate you trade technique i will get back to you with an answer my AUD just short up looking to collect. I havent been trading the EUR for a few days now because it has mixed signals although everyone still expect it to drop it also need a small to medium bounce in the next maybe weeks but should fall maybe further come End june or mid July through August

Originally Posted by The Southerner

Good moring PoundGuy. Could you elaborate on what metrics you are using to define the possible buy zone? I'm curious about your thought process as I see a bearish move developing.

On a related note, it looks like my bearish bet has finally panned out though it took much longer than expected. The MACD indicator's signals where somewhat weak and the hourly trend was immature but good enough. I was stopped out on a very tight SL but I re-entered the short this morning on confirmation of lower highs and lower lows. Now well into profits on a large short position.

Plus, we can never forget fundamentals. They've started to exert pressure in the direction of the trade so no need to fight it.

Trend lines and simple but effective indicators are my formula for profits. Good luck with your trading.

The Southerner

EUR/USD's downtrend should accelerate after the green line breaks.

Originally Posted by mechtech

That's funny, I was in at 1.2280, just closed for profit.

See the difference a couple of pips can make? You closed and it turned and went against Me. I'm hangin in there.
I'm patient.

P. S. Nobody has transferred any pips to My Account yet! have You People no sense of Fair Play?

OooH! Just made my 50 pips. Ain't Life Grand?

THats what Im thinking Sean. EUR/CAD also falling like a rock.

Originally Posted by bill2759

See the difference a couple of pips can make? You closed and it turned and went against Me. I'm hangin in there.
I'm patient.

P. S. Nobody has transferred any pips to My Account yet! have You People no sense of Fair Play?

OooH! Just made my 50 pips. Ain't Life Grand?

Just saw that....congrats. Now back to waiting for the next opportunity.

You posted this morning that the eur would go high today 12355-through to 12393.....its tanked ???????

Originally Posted by Mary R

THats what Im thinking Sean. EUR/CAD also falling like a rock.

thanks for pointing out that neckline Mary. Also just above that at 1.2200 could phsychological barrier. Did I spell that right?!

Originally Posted by Mary R

THats what Im thinking Sean. EUR/CAD also falling like a rock.

Yeah, the 50 day SMA has really held this pair in check and its bounced off of it yet again. And if CAD raises rates, it could tank EUR/CAD even further.

Originally Posted by surreyhills

thanks for pointing out that neckline Mary. Also just above that at 1.2200 could phsychological barrier. Did I spell that right?!

Keep an eye on the US dollar index - it looks like it is breaking above resistance at 87

1.220 or below is a good position you go in to early you stay in the red for long time went long at 1.2206 in the Buy zone no big lot should it go down below year low i only lose half of what i made from the AUD pop up

Originally Posted by Sean Hyman

EUR/USD's downtrend should accelerate after the green line breaks.

Target 2 hit and position is closed.

My Short-term RSI's are suggesting that something shall have to happen side-ways or long before we experience anything much lower than the moment.

Colly
----

Do not be too critical of Mr. Money Inc. Nobody is right all of the time. He is in fact trying to put together a System he can sell in the Future. I have trouble with His 45 degree angle line. If I draw it on a one minute chart covering a period of four Hours, and I change the Hours displayed. The angle changes to a lesser angle or a greater angle.
"It's a puzzlement" as The King of Siam would say.
For My part I hope He is right about the upward move. I get uncomfortable at new Lows. For We all know a trend has to reverse sometime. Still when it backs up a couple of Hundred pips, I feel much better about taking a new short.

Originally Posted by cw1

You posted this morning that the eur would go high today 12355-through to 12393.....its tanked ???????