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

We should be thanking you, you have done a good job NPNG is sharing some interesting things with the images

Originally Posted by FLFOREX

niceeeee, AND THAT WAS POSTED ON YOUR WON, LOVE IT, NICE WORK THOMAS!!!

Originally Posted by FLFOREX

niceeeee, AND THAT WAS POSTED ON YOUR WON, LOVE IT, NICE WORK THOMAS!!!

just a reflextion of your work

Originally Posted by KUTERO

weekly..

Alright Captain
I didn't think I was losing all my marbles by peeking at the weekly candle setup. My wkly stochs are bouncing off o/s level in the same fashion as your rsi. Question, on the GUN, the orange line that cuts straight thru price, what is that? Dang, daily o/b at the same time weeklies are o/s, what a mess.

A-Yo Bro

Originally Posted by Colly

Lol, I bet on one of those two you'll be 100% right then

At 12 after the hour pair will move down until 24 after the hour. to 1.2349

Originally Posted by Sean Hyman

A-yo and Colly...here's something to consider. see if this wedge breaks south or not (on the 4 hour chart of EUR/GBP).

Hi again Sean and Ayo,

Thanks Sean wise point.

I suspect down through the wedge as per my 3 Hr indicators but maybe not immediately.

Daily, and I don't know what would precipitate it, but there could be a huge swing north-bound for this pair.

One thing that I have come to learn though is that one has to be very patient 1 - 3 months or so, when it comes to reading the RSI's on the daily.

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Attaching:

Eur/Gbp 3 hr and Day charts

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A pattern seems to be forming if it doenst break the high set at USA open then there is room for a downside move of some magnitude.

If the low holds then we shall continue playing around at the top till it breaks

Originally Posted by PoundGuy

Ok game finished USA 2 SLOVS 2 the USA might have won had it not been for the ref for the last goal anyways thats Football (soccer) for you
Back on the forum for a few hours before England game

I might be biased to USA but until now, I can not accept the referee mistakes. At least 4 big mistakes.

Originally Posted by Sean Hyman

A-yo and Colly...here's something to consider. see if this wedge breaks south or not (on the 4 hour chart of EUR/GBP).

Whooooaaaa, Sean
Didn't see that there. Okay, so EU needs to find a brink wall(resistance), then it will fall much harder than GU if both pairs decide to short, considering EG breaks south as well. Whooaaaaa. Wedges-ED are everywhere!!!

A-Yoooooooooo

I have been waiting for price to go below the 200ema on the 15 min chart the whole day and it has just been coming close (near) but not below

Anyway its a friday i adjusted and took a long at 1.2354 with sl wait for it lol 1.2350 crazy ha

You only telling it as it was in the game

Originally Posted by Mat23

I might be biased to USA but until now, I can not accept the referee mistakes. At least 4 big mistakes.

Just close my position no need to force things on friday will have to wait and maybe strategies over the weekend

Originally Posted by Colly

Hi again Sean and Ayo,

Thanks Sean wise point.

I suspect down through the wedge as per my 3 Hr indicators but maybe not immediately.

Daily, and I don't know what would precipitate it, but there could be a huge swing north-bound for this pair.

One thing that I have come to learn though is that one has to be very patient 1 - 3 months or so, when it comes to reading the RSI's on the daily.

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Attaching:

Eur/Gbp 3 hr and Day charts

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Hey, on the daily, the purple rsi has left the green rsi, in the dust? Does that equate to 1-3 months of upward movement? Looks like soft target of 8400(bottom of triangle, support turned resistance) is possible, completing w5 of C w/in an ED. I'm going to have to find a count for EG. Looks like the drop from 87xxish maybe a sloppy five waves, possibly thrusting from a triagnle(wB?). I'll look into it.

A-Yo Bro

Originally Posted by AyoBro

Whooooaaaa, Sean
Didn't see that there. Okay, so EU needs to find a brink wall(resistance), then it will fall much harder than GU if both pairs decide to short, considering EG breaks south as well. Whooaaaaa. Wedges-ED are everywhere!!!

A-Yoooooooooo

Glad you liked that and found that to be helpful. Yeah, I scour tons of pairs and time frames to find patterns that I believe in that give me definitive "lines in the sand" to watch for.

They all won't work out...but a high percentage ofthem do. And that gives me an edge.

Originally Posted by AyoBro

Hey, on the daily, the purple rsi has left the green rsi, in the dust? Does that equate to 1-3 months of upward movement? Looks like soft target of 8400(bottom of triangle, support turned resistance) is possible, completing w5 of C w/in an ED. I'm going to have to find a count for EG. Looks like the drop from 87xxish maybe a sloppy five waves, possibly thrusting from a triagnle(wB?). I'll look into it.

A-Yo Bro

EXACTLY Ayo !!

And the same is true on Eur/Usd. Well spotted

I don't have a count on E/G and never have so don't know where I would begin.

At the moment we have a pip for pip double bottom in June this year and it could be forming to include that a correction from 0.976 but if you look at the RSI's on the Month chart then you will see my reluctance of saying it was a bottom thats going to hold for a long time.

Seems to me to be something like throwing a rock up in the air and expecting gravity won't prevent it going to the moon before it lands back on your head leaving a nice lump

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Attaching Eur/Gbp Month

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Originally Posted by PoundGuy

Just close my position no need to force things on friday will have to wait and maybe strategies over the weekend

Dont think it is worth the time waiting for our drawings. Trade the levels. They work fine and be patient. Eur/USD is hodling 12350 and GBP/USd is also intact with 14784. Have held throughout the day. A break of that level is a clear sell signal