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

I like the simplicity of the chart its earsy to try and read thanx again mike

i was looking at similar level up so waiting to see if it holds or drops

Originally Posted by FLFOREX

A few possible short term options/patterns, lets see what the outcome will be... mike

"Get over it Chump! So You fat fingered the keyboard and took a big loss. It happens. If You really had a Pair, You'ld let this 1.2125 run all the way back to where the 1.2050 would have reached its TP."
She tasks Me this Gypsy Woman. But that's what I'm gonna do. I am so Pissed. The only negative figures in My account recently have been the Rollover Fees. I must blot this Loss from My Mind and Record.

Go Dolphins! Oops! Is that the wrong kind of Football Pound Guy? LOL

Im so gonna ride this down to oblivion if this is an end to wave C, what do you think Sean?
Wave C or 3?

Since the MoneyInc scandle(gate) it appears i am the only one with a short term buy bias oh rrrrrrrrrrrrhhhhhhhhhhhhhh

Originally Posted by PoundGuy

Since the MoneyInc scandle(gate) it appears i am the only one with a short term buy bias oh rrrrrrrrrrrrhhhhhhhhhhhhhh

No one here minds if you're a counter trend trader. I think that's a misconception that some try to foster here.

Sure, many of us here are trend traders and think that's the best way statistically to put the odds on our side.

But this is not a forum that is based off of one strategy or way of doing things. I just want to clear that misconception up.

AAAhhhh now i get it yes in the US it soccer the rest of the world its soccer or football lol

Never mind the lose bill you have been doing so well am sure you will find a way to make up for that.

Originally Posted by bill2759

"Get over it Chump1 So You fat fingered the keyboard and took a big loss. It happens. If You really had a Pair, You'ld let this 1.2125 run all the way back to where the 1.2050 would have reached its TP."
She tasks Me this Gypsy Woman. But that's what I'm gonna do. I am so Pissed. The only negative figures in My account recently have been the Rollover Fees. I must blot this Loss from My Mind and Record.

Go Dolphins! Oops is that the wrong kind of Football Pound Guy? LOL

Originally Posted by bill2759

"Get over it Chump! So You fat fingered the keyboard and took a big loss. It happens. If You really had a Pair, You'ld let this 1.2125 run all the way back to where the 1.2050 would have reached its TP."
She tasks Me this Gypsy Woman. But that's what I'm gonna do. I am so Pissed. The only negative figures in My account recently have been the Rollover Fees. I must blot this Loss from My Mind and Record.

Go Dolphins! Oops! Is that the wrong kind of Football Pound Guy? LOL

Ah Bill, you do a great job. You'll continue to do just fine.

Originally Posted by Kurt_Lang

Im so gonna ride this down to oblivion if this is an end to wave C, what do you think Sean?
Wave C or 3?

Kurt, there are far better Elliott Wave counters on here than me. I'm a huge and fundamental guy...but I'm still "green" when it comes to EW. I trade the obvious counts that I see...but much of the technical work that I do is just plain simple trend analysis and chart pattern recognition.

So far it seems to be dying at resistance. So you're probably good to go.

i hear you sean i am a trend follower aswell and i am actually reading a book on trend following from the FT.

My bias was a correction to 1.214 something before i could attempt a short again because i didnt like the price down there thats all.

Also i try to work with different concepts when markets are not moving ie i applied price behavior to long or atleast to watch prices attempt 1.214

so taking a long was a risk that paid off my overall bias has always been to the downside but i also have to be adaptive when markets call for it.

Originally Posted by Sean Hyman

No one here minds if you're a counter trend trader. I think that's a misconception that some try to foster here.

Sure, many of us here are trend traders and think that's the best way statistically to put the odds on our side.

But this is not a forum that is based off of one strategy or way of doing things. I just want to clear that misconception up.

Just about managed to add you to my skype account forgot the password lol

Originally Posted by FLFOREX

sure thomas, hit me up on skype

Monitoring conditions in one of the world's outperformers, Moody's says delinquencies on Aussie loans are rising, pressuring ABS instruments

Read more: Real Time Forex News http://www.dailyfx.com/real_time_news/#ixzz0qT9QLBCH

yeah someone just had to come out to bring things down

Originally Posted by bill2759

I was trying to draw some lines on My chart, and accidentally closed an open position for a 78 Pip loss.

Stupid stupid Stupid.

I feel for you bill. Once while trading on my laptop I accidentally executed a huge order by grazing my touchpad. In the seconds it took to reverse the order I lost several hundred dollars. I've learned a few lessons the hard way.

I don't have Bill's "crystals" so I closed my short with a 37 pip profit. Still, not too bad. Now I'll wait and see if it goes back up to 1.21xx area. Unless I get a very strong signal, I might just sit out 'till next week. This rally might still have some wind in it.

Originally Posted by Sean Hyman

Kurt, there are far better Elliott Wave counters on here than me. I'm a huge and fundamental guy...but I'm still "green" when it comes to EW. I trade the obvious counts that I see...but much of the technical work that I do is just plain simple trend analysis and chart pattern recognition.

So far it seems to be dying at resistance. So you're probably good to go.

So whats the fundamental outlook for next week, if there are big moving events against the dollar im gonna take what i can get and stay out for a while appreciate ur input so far

Originally Posted by Kurt_Lang

So whats the fundamental outlook for next week, if there are big moving events against the dollar im gonna take what i can get and stay out for a while appreciate ur input so far

I don't view fundamental trading as "news event trading". To me, that's simply a breakout or momentum trader that uses a particular event as the catalyst.

True, fundamental traders look at year over year data over time. They look at the slope of the fundamental trends in the macro economies and place trades based off of that.

You can find this type of info on sites like Economic Indicators, Historical Data and Charts etc.

I'm both a fundamental and technical trader. The fundamentals tell me "what" to trade and the technicals tell me "when" to trade it. So I think they compliment each other.

Also, I think that there are times when fundamentals don't matter. For instance, in bear stock markets, fundamentals don't matter...only the bad sentiment, fear and downtrend does.

In stable to good times, assets do trade off of fundamentals (as well as technicals).

Originally Posted by Sean Hyman

I don't view fundamental trading as "news event trading". To me, that's simply a breakout or momentum trader that uses a particular event as the catalyst.

True, fundamental traders look at year over year data over time. They look at the slope of the fundamental trends in the macro economies and place trades based off of that.

You can find this type of info on sites like Economic Indicators, Historical Data and Charts etc.

I'm both a fundamental and technical trader. The fundamentals tell me "what" to trade and the technicals tell me "when" to trade it. So I think they compliment each other.

Also, I think that there are times when fundamentals don't matter. For instance, in bear stock markets, fundamentals don't matter...only the bad sentiment, fear and downtrend does.

In stable to good times, assets do trade off of fundamentals (as well as technicals).

NICE!! Great share there Sean, a nice addition to my repertoire