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

Originally Posted by stryker

Yeah, though added another one at 2297 which im holding.. 2307 is done at 2331...
Too close to the highs.. not even 100 pips movement for the day.. 2385 just might come into play... offourse first need to clear 2335, then 2355 then we can have the 2385-93 in sight for the day....
Till then, have nothing to lose....

GL...

Got Lucky tgt hit.. Wish I had one more lot riding to hold it further.....

GL...

Originally Posted by bill2759

There's some major messing around with all the Euro Pairs.
It's got to be more than just the Swissys?
This cannot be just tech trading.

EUR/CHF (while still in a downtrend) could be nearing a big bouce higher soon if this falling wedge/ending diagonal pattern is correct. We'll see.

EUR/AUD looks like it has broken out of its downward pattern

... and since I believe we are in a channel and, as such, close to the top of the channel, I am starting a short position here that I will be incrementing up to 1.2435

i think most of the majors gbp and swiss and aud made a good correction against usd dollar i think by next week we might see crosses euro correct up well and euro on the break of key 1.2450 and 85.00 in dollar index

Originally Posted by bill2759

There's some major messing around with all the Euro Pairs.
It's got to be more than just the Swissys?
This cannot be just tech trading.

Like I said Bill, I don't know but i have my suspicions that the central bankers of the world may be giving some support to the euro. EUR/USD might not be the best pair to short these days. You might start looking at some other pairs

Originally Posted by Mary R

Like I said Bill, I don't know but i have my suspicions that the central bankers of the world may be giving some support to the euro. EUR/USD might not be the best pair to short these days. You might start looking at some other pairs

There have been rumors on the news wires about a possible ECB intervention in the euro...but nothing is confirmed yet.

Originally Posted by KUTERO

Probably short covers..

Oops, my rat just ran over my keyboard and sold 100000000 USD. just kidding.

Originally Posted by stryker

Got Lucky tgt hit.. Wish I had one more lot riding to hold it further.....

GL...

Wow, you just spoke of hitting the second target, at no cost to you, just 5min ago. And BINGO. Nice work. From my understanding, you use tight stops, what were they for both 2297 & 2307 positions, if you don't mind. I'm asking because I'm really impressed by such discipline.

A-Yoooooooooo

Originally Posted by Pivotal12

... and since I believe we are in a channel and, as such, close to the top of the channel, I am starting a short position here that I will be incrementing up to 1.2435

Of course if it continues down from here, I will reverse to a long position again starting at 1.23500

See if it starts a "mini correction" around here.

Originally Posted by AyoBro

Wow, you just spoke of hitting the second target, at no cost to you, just 5min ago. And BINGO. Nice work. From my understanding, you use tight stops, what were they for both 2297 & 2307 positions, if you don't mind. I'm asking because I'm really impressed by such discipline.

A-Yoooooooooo

my avg stops are about 25 pips. normally b/w 15-35 pips... wsp if multiple lots. if looking for a longer term trade and have decided to add up gradually in the trend, then i have gone 100+ on s/l's as well.. normally this is doen after an extremely good week...
my stops were at 2282 on both the longs... well under 2293 i had in mind as threshold for this to move up...

GL.....

Originally Posted by AyoBro

Thanks Grin
You see this price action? Remarkable. I have to see this play out. But if the dead cat at 2208 is a shallow wB of wA(2466)'s rally, Yikes!!! It's possible that this rally is wC which we know can extend 61.8,100,161.8 of wA(1875-2466) from the dead cat. Crazy. Well my short entry has been activated at 2380, we will see what happens. GL

A-Yooooooooo

Yup, I grabbed 30 pips from the break of the triangle...., not feeling good about short positions right now though. GL

Originally Posted by AyoBro

Thanks Grin
You see this price action? Remarkable. I have to see this play out. But if the dead cat at 2208 is a shallow wB of wA(2466)'s rally, Yikes!!! It's possible that this rally is wC which we know can extend 61.8,100,161.8 of wA(1875-2466) from the dead cat. Crazy. Well my short entry has been activated at 2380, we will see what happens. GL

A-Yooooooooo

Targets for an unthinkable situation, 2439=38.2*wA's length, 2579=61.8*wA's length, 2805=100*wA's length, 3170=161.8*wA's length. All fib extensions are based off of wA@2466 & wB@2208 completion and starts from wB termination. I doubt that this count is valid but it is a possibility.

A-Yo Bro

Originally Posted by AyoBro

Wow, you just spoke of hitting the second target, at no cost to you, just 5min ago. And BINGO. Nice work. From my understanding, you use tight stops, what were they for both 2297 & 2307 positions, if you don't mind. I'm asking because I'm really impressed by such discipline.

A-Yoooooooooo

Discipline is must.. so you don't end up giving back you just made and yes patience with discipline is the combo here one must get accustom to... The sooner the better... I rarely jump in b/w the the zones like today was tester but paid off...

GL...