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

Looks like the dollar could be taking its first real good breather in a while.

Check out USD/CHF below.

Originally Posted by zion

Reshorted Euro @ 12345 target 12200 stop 12370

Excellent play so far..drove this pair from 11880ish to 12350ish entering and closing as expected. I have landed at S&P extreme of 1115 . I want S&P to pull to 1100 with this pair to 12200 for another lng to try 12670 via 12460ish

Originally Posted by mechtech

I really pulled a stupid one when I went long before bed and got in at 1.2207 with TP at 1.2345. Woke up with it at 1.2267, was worried that it would go south, so I closed it. Should have let it play out. We all seem to have this great hind-sight. I'll let it go and move on...still made 60 pips, so why am I crying. Oh well, gotta go do another load of underwear. 8^)

Shoot!!! Any profit is a good profit!!!

A-Yo Bro

Hi all,new to this great site and hoping to have wonderful experience with you guys.

Originally Posted by mechtech

These are nice clean charts. I would like to know more about what they are saying and mostly how you have set up these indicators....if you don;t mind sharing. I'm still experimenting with a couple of ways you more knowledgeable folks trade.

Thank you..
From my previous messages..

Originally Posted by KUTERO

"Moving Stoploss = MOST" which is prepared by a Turkish programmer.
Like as EMA but working principle and commentary are little bit different..

If you use EMA-5 (white colour) and EMA-9 (blue colour), you have some idea..
Price will go to the blue in the end.

Originally Posted by KUTERO

daily chart

Rule:The area between price bar and blue-white indicator should be fill up.
In this situation;
1- Price goes up to white-blue.. or,
2- Price will wait, approaching of the white-blue

Originally Posted by KUTERO

....

Interpretation is very simple..
Sell when the white cut the blue from up,
Buy from down..
And gap between price bar and the Most will be filled up in the end.
....
..

Looking for some pullback to buy in. see if that lower trendline comes into play later

4HR:

Originally Posted by Sean Hyman

Looks like the dollar could be taking its first real good breather in a while.

Check out USD/CHF below.

U/CHF is going down to 1.09133.

But, It broke 200-SMA(or 200-MVA) at 4h-chart. Then, It's tracing to 1.3500-1.3577 (This means E/U will stop down around here-then come back the retracing chanel).

Thanks

Originally Posted by MoneyInc.

Just wanted to give you a shout out my Man!! I see you are hard at it keep up the good work.

Yeah man. I'm trying at least. I see the 45 line is still in affect.

A-Yoooooooo

Originally Posted by MoneyInc.

First test of supports at 1.2330 area if it makes it though to 1.2326 then a sharp drop to 1.2290

My fear it will get cought in an upward channel in this support area.

Okay
1) I have been waiting all day to get this trade Note the Red vertical line from my 45s 2) Waiting for 1.2326 and 1.2310 Break through
3) hold trade untill 1.2290 Target
Leave something on the table if it goes to 1.2260.

Originally Posted by AyoBro

Yeah man. I'm trying at least. I see the 45 line is still in affect.

A-Yoooooooo

Just tring not to say something that will get me sent to the corner agian. lol

Considering what has happened in the market today be cautious on any shorts as price can easily shoot up

Originally Posted by PoundGuy

Considering what has happened in the market today be cautious on any shorts as price can easily shoot up

I am really amazed from the market, despite all the bad news about Europe, Eur has been rallying up!!!

Greece is not done yet, Spain is supposed to be next, and many others.

Wow!!

Originally Posted by MoneyInc.

Okay
1) I have been waiting all day to get this trade Note the Red vertical line from my 45s 2) Waiting for 1.2326 and 1.2310 Break through
3) hold trade untill 1.2290 Target
Leave something on the table if it goes to 1.2260.

Money, nice job on some solid trades today and nice calls, keep up the fantastic work, and welcome back!... mike

I have not looked at the 4 hour for a while but the chart speaks for itself cant seem to work paint shop well on xp lol so not much detail.

We could be testing the original trend line from the top last year. this could be attempt #3 if so there is some upside to the middle line... but it could also be attempt #2 which might mean a failure again and downside some more.

At some point it will have to touch the upper trend line in which case it could either break or just bring about another drop i would be cautious should price approach would look to how and when the price gets there a break would turn it into support.

Originally Posted by Mat23

I am really amazed from the market, despite all the bad news about Europe, Eur has been rallying up!!!

Greece is not done yet, Spain is supposed to be next, and many others.

Wow!!

Hey Mat
I hope you okay in your current position. Technically, UChf and Dollar index has hit there monthly descending trendline. After the w4 triangle(pit stop), the thrust(which is always terminal coming out of a triangle) failed to stay above the trendline(resistance). They both possibly hit resistance in a w(c) or w(e) within a monster triangle. UChf moves slower than EU but their correlation is ridiculous. Me being an EW person, shouldn't analyze EU w/out doing the same for UC, 'it's almost self-defeating' as the EW heavyweights would say. EU has finished five waves, either from 3678-1875, 3817-1875 or worst 5143-1875, so 23.6 or better retrace is a must, regardless of fundies. Personally I think Mr. Market moves as it wants. I'm not a fundy person, but I think it's all about risk appetite(investing) and risk aversion(fear). Anyway, in the past I witness, when the rate race is in motion some fundies just don't matter? The race stimulates risk appetite (increased bets on the next country to raise rates). Well the first three countries that raised rates this time around, was the commodity currencies, AUD,NZD,CAD. I think they even benefit the most from carry trade? Raising rates is a means of fighting inflation, I think? Normally, inflation is due to economic growth? Economic growth re-stilmulates risk appetite. Well, risk appetite stimulates carry trade? If someone can clarify what I'm trying to say, your help would be greatly appreciated.

A-Yo Bro