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

Originally Posted by Mary R

Im short so I would not go long here at all. Sell as soon as you have a profit. The Fed's statement indicated that there may be more troubles in the EU than anyone realizes, it was actually quite an ominous statement. So I think once the financial markets digest this news and reality sets in the Euro will declines

It's drifting lower, triggered a short for me. The Asian session has been tending towards retracing London and US sessions lately. GL

One person says close the other says stay, Bob says no body Knows anything. My limit is aat 1.2682, I am turning this machine off and going to bed.

She grumbles, Chaos and erratic, non-sensical reactions To Facts and fundamentals, cloud Her Crystal Ball. We must wait for the Fog to clear.

Originally Posted by Mary R

What does the Madaam say this evening Bill?

That was quick, my very tight stop at the top of the triangle was tripped. 18 pips loss.

There are some pretty big economic reports in the next two days, Durable Goods and GDP which might be the catalysts for the next breakout.

Bill,

Check out the result. I have drwan the exact same trend lines on the 4 hourly chart that I drew on the daily. All trend lines were with in 5-10 pips of yesterday's low....and the low was exactly on the one and only rising trend line.

Good luck,

-P

QUOTE=bill2759;523702]C'mon now Pivot! Your Trend lines don't look as if the join any points on the Graph. Not a series of Lows? Not along the Highs? What is this? Pick a spot, any spot and draw a line. And then say it's an important juncture. I stink at this, but I can draw a line connecting Lows And highs better than this.
I thought about not posting this as it sounded too critical. Going back and looking at the chart again. I had to say something. Perhaps I just don't understand Your Chart, and I'm sorry if I missed something. [/QUOTE]

Originally Posted by smallcaps49

This a 4 hr chart with my take!!!

Attachment 59987

caps out!!!

If this takes out 1.2353, we will probably be headed to at least 1.2400ish and higher with the usual bumps and grinds, and as high as 1.2518-65 ?

I'm Short @1.2335

I took a long at 1.2315 for a hedge!!!

caps out!!!

[QUOTE=pivot_call;525015]Bill,

Check out the result. I have drwan the exact same trend lines on the 4 hourly chart that I drew on the daily. All trend lines were with in 5-10 pips of yesterday's low....and the low was exactly on the one and only rising trend line.

Good luck,

-P
nicely done...
Do you see 2360-70 as shorting opportunity..
I think Im throwing in shorts from there....

GL....

Originally Posted by smallcaps49

If this takes out 1.2353, we will probably be headed to at least 1.2400ish and higher with the usual bumps and grinds, and as high as 1.2518-65 ?

I'm Short @1.2335

I took a long at 1.2315 for a hedge!!!

caps out!!!

for 15 pips, 4 hr just gor sig for going down some???

caps out!!!

I have couple of lots set at 1.2372 for short. But in case if I get stopped out there then I am leaving much bigger lots in 1.2432-1.2438 for the overnight London session. I see 3 key Trend lines in this region.







[QUOTE=stryker;525025]

Originally Posted by pivot_call

Bill,

Check out the result. I have drwan the exact same trend lines on the 4 hourly chart that I drew on the daily. All trend lines were with in 5-10 pips of yesterday's low....and the low was exactly on the one and only rising trend line.

Good luck,

-P
nicely done...
Do you see 2360-70 as shorting opportunity..
I think Im throwing in shorts from there....

GL....

Possible that may hit 2375-85 in next 4-6 hrs.. if holds it should slide to initially 2330 followed by 2305 and lower to 2175...

GL....

[QUOTE=stryker;525025]

Originally Posted by pivot_call

Bill,

Check out the result. I have drwan the exact same trend lines on the 4 hourly chart that I drew on the daily. All trend lines were with in 5-10 pips of yesterday's low....and the low was exactly on the one and only rising trend line.

Good luck,

-P
nicely done...
Do you see 2360-70 as shorting opportunity..
I think Im throwing in shorts from there....

GL....

Stryker, where would I go to learn about this line drawing?

Originally Posted by Sean Hyman

Yep, I'd agree with your comments dhan. Everyone goes through losing streaks and winning streaks, even with the best of analysis. The risk management is what pulls us through the "rough patch" so that when we start getting our winners again, we can go onto "new account highs".

So stick around, Southerner...

Well Sean, you are right as always. Money management has kept most of my account safe so I'm still in the game, just taking a break. While I've had some success recently I think I'll be switching my strategy to something more suited to my personality.

My account has grown to a point where I can engage in very short term trades and earn a respectable profit. I've been trying it out through my paper trading account and now I'm trading my cash account using mini lots. I'll trade 2-3 lots at a time once I feel I'm ready. I haven't had a losing day yet. It's nothing fancy or new, just a simple triple EMA trading strategy with a few rules, but it does require discipline. Once I feel confident about it I'll bring it up in the forum.

Good luck to all.

[QUOTE=pivot_call;525035]I have couple of lots set at 1.2372 for short. But in case if I get stopped out there then I am leaving much bigger lots in 1.2432-1.2438 for the overnight London session. I see 3 key Trend lines in this region.
True, higher up, it is 2430-34 on the horizon...
PS: My advice to everyone out here... don;t trade yen... the sucker doesn't move at all and if does you would always miss it....... No wonder i don't trade yen but only the crosses...

GL........

My husband says this anit comin down. see the head and shoulders on the 30 min. This is so much fun. Daddy says to leave the longs open up a hundred and 48 pips today. Go Daddy!!