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

Originally Posted by Colly

I have many views over different time-frames and work on a pure basis of probability.

I share some, but no-where near all.... for the very purpose of concise-ness.

My day chart RSI are showing HUGE disparity between the slow and faster and this also, usually, is so before a correction.

As said from Monday, I am prepared to trade it down and have many times during this period, however, in doing so at this stage its only going to be from one Fibo retraction level to another because I pay due consideration to the strength values. They are my crystal ball if you like.

Just check on my cool man, colly. How is trading going? are you board right now.

Originally Posted by Thomas Long

The EUR/USD has not changed much in the last 24 hours, so we should assume that the downtrend is still in place. This current series of higher lows and higher highs while the daily chart shows a downtrend represents a selling opportunity when the trader feels that the sentiment has changed back to the downside. A move down through the previous low of 1.22409 increases the chance of the sellers coming back in to take control of this market so that would be one way to get into a new sell position. Taking a quick look at the strong trending move up by this pair between April and December of 2009 notes four moves against the trend. They lasted between seven and 10 days and measured between 375 and 590 pips. This current move up against the trend has lasted nine days and measured 540 pips. While this alone does not confirm the downtrend, it does show that this move against the trend is typical and hardly a reason to assume the trend has changed to the upside.

very powerful information.Thanks

Originally Posted by MoneyInc.

Just check on my cool man, colly. How is trading going? are you board right now.

There is "cool" and "cool". Our definitions may vary, but if I come across as some erratic and out-of-control individual then all credence to the remark.

My trading? $3.7M profit year-to-date.

Am I onboard? Maybe

Originally Posted by Thomas Long

The EUR/USD has not changed much in the last 24 hours, so we should assume that the downtrend is still in place. This current series of higher lows and higher highs while the daily chart shows a downtrend represents a selling opportunity when the trader feels that the sentiment has changed back to the downside. A move down through the previous low of 1.22409 increases the chance of the sellers coming back in to take control of this market so that would be one way to get into a new sell position. Taking a quick look at the strong trending move up by this pair between April and December of 2009 notes four moves against the trend. They lasted between seven and 10 days and measured between 375 and 590 pips. This current move up against the trend has lasted nine days and measured 540 pips. While this alone does not confirm the downtrend, it does show that this move against the trend is typical and hardly a reason to assume the trend has changed to the upside.

little eariy to tell but you could end up with a head & shoulder. that would eat up a little time

Originally Posted by Thomas Long

The EUR/USD has not changed much in the last 24 hours, so we should assume that the downtrend is still in place. This current series of higher lows and higher highs while the daily chart shows a downtrend represents a selling opportunity when the trader feels that the sentiment has changed back to the downside. A move down through the previous low of 1.22409 increases the chance of the sellers coming back in to take control of this market so that would be one way to get into a new sell position. Taking a quick look at the strong trending move up by this pair between April and December of 2009 notes four moves against the trend. They lasted between seven and 10 days and measured between 375 and 590 pips. This current move up against the trend has lasted nine days and measured 540 pips. While this alone does not confirm the downtrend, it does show that this move against the trend is typical and hardly a reason to assume the trend has changed to the upside.

Wow, that was a really good post and apprecieate that thanks Thomas. Your posts are very informative of the big picture... Nice thanks

Originally Posted by Colly

There is "cool" and "cool". Our definitions may vary, but if I come across as some erratic and out-of-control individual then all credence to the remark.

My trading? $3.7M profit year-to-date.

Am I onboard? Maybe

is that a M or D

Originally Posted by nopainnogain

is that a M or D

I wouldn't know what a "D" is, but do know what K, M and B stand for.

Originally Posted by MoneyInc.

Don't confuse people. You know and I know this pair is in for a reverse. Take a look at the Chart see the doji, see the down trend. See others predictions. Forget about it! Its not going to happen. Follow your skills The're Great. and keep us informed you help us make MONEY... Real Talk as a Trader.

Speaking of candles, you've seen the weekly candles? Higher highs and higher lows on the daily.

Wow, Colly EG may have hit some type of resistance.

A-Yo Bro

Originally Posted by MoneyInc.

Just check on my cool man, colly. How is trading going? are you board right now.

I hope you dont take this the wrong way but i have no idea what your talkin about and cant seem to follow your posts well?

I have to give Jamie credit. I think in the beginning of this week he took a E/U long position, predicting further gains in the pair. Many on this forum (me included) laughed at that, thinking the guy went crazy, going long against the Trend. Turned out his long would've made quite a profit.

Here's to you Jamie! Sorry for doubting you.

Originally Posted by cw1

I hope you dont take this the wrong way but i have no idea what your talkin about and cant seem to follow your posts well?

I think someone in Texas had Irish coffee this morning.

Originally Posted by martyman13

I think someone in Texas had Irish coffee this morning.

Yah kinda not sure wether its down or up or aybe i should be drinking this coffee!!

Originally Posted by cw1

I hope you dont take this the wrong way but i have no idea what your talkin about and cant seem to follow your posts well?

For those post you don't understand feel free to ask me but they are directed to certain individuals in the forum, they understand what I am talking about.

So Which post are you refering to buddy? I will try to clearify.

weekly..

Originally Posted by AyoBro

Speaking of candles, you've seen the weekly candles? Higher highs and higher lows on the daily.

Wow, Colly EG may have hit some type of resistance.

A-Yo Bro

We do have higher highs and lower lows , but we did also have the same on the last bounce a while back. Im not getting too excited about long term long positions here, not yet. im still looking at 90% trading short here