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

was long position and bailed out at 13159.
going to look for short though soon as it spikes higher and only if we close tonight at a lower high

i shorted well into the lows of the day and bailed many times before i should have but profited on the way down and then turned long at 13090 and walked away as it was a small position. purely gambling today before the announcements etc.

Eur is still expected to climb this week to higher highs. if not and closes today below yesterdays close than im defo going to favour the shorts.

I think it needs to stay below 13200 for tomorrow to continue any down trend possibility. Yesterday came very close to slappin my self intently with a wet fish after a very poor decision but luck pulled me back in !!

Me thinks bears are starting to beat the jungle drums soon

Laters

Originally Posted by FLFOREX

My entry was determined from a few factors, it broke minor support, and rejected of the 5 and 9 ema very hard, shown on the candle chart, and there was a gap in market balance which i expected to be filled,shown by the balance point chart, as far as the FOMC, if they are hawkish in their comments, i would imagine the dollar will strengthen quite a bit, if they are dovish in their comments, the dollar will weaken

Thank you sooo much FL .. That sounds logic and simple .. what I conclude is that you are simply detecting what is called "Failing Testing Area" and then you simply "calculate" the space that was left behind and wait for it in the opposite side

But dear where is Fibo lines and Fan ? EW ? Pivots ? are they out of your analysis tools ? Some told me that : IT'S ALL ABOUT PATTERNS AND SHAPES. Do you agree .. Cheers again hope you all success ,, yours

Originally Posted by cw1

was long position and bailed out at 13159.
going to look for short though soon as it spikes higher and only if we close tonight at a lower high

i shorted well into the lows of the day and bailed many times before i should have but profited on the way down and then turned long at 13090 and walked away as it was a small position. purely gambling today before the announcements etc.

Eur is still expected to climb this week to higher highs. if not and closes today below yesterdays close than im defo going to favour the shorts.

I think it needs to stay below 13200 for tomorrow to continue any down trend possibility. Yesterday came very close to slappin my self intently with a wet fish after a very poor decision but luck pulled me back in !!

Me thinks bears are starting to beat the jungle drums soon

Laters

See how the Dow and S & P close. If they can't sustain a rally and close negative it bodes well for the dollar

Hey cw1 where have you been havent seen you for a while trading other pairs???

Originally Posted by cw1

was long position and bailed out at 13159.
going to look for short though soon as it spikes higher and only if we close tonight at a lower high

i shorted well into the lows of the day and bailed many times before i should have but profited on the way down and then turned long at 13090 and walked away as it was a small position. purely gambling today before the announcements etc.

Eur is still expected to climb this week to higher highs. if not and closes today below yesterdays close than im defo going to favour the shorts.

I think it needs to stay below 13200 for tomorrow to continue any down trend possibility. Yesterday came very close to slappin my self intently with a wet fish after a very poor decision but luck pulled me back in !!

Me thinks bears are starting to beat the jungle drums soon

Laters

Originally Posted by Mary R

See how the Dow and S & P close. If they can't sustain a rally and close negative it bodes well for the dollar

Yep watchin that too, could be a good volatle week

Originally Posted by PoundGuy

Hey cw1 where have you been havent seen you for a while trading other pairs???

Hello PG, nope, just sort of got side tracked a little with other stuff. I have still been trading but also watchin the Forum etc. the summer months , i tend to work very early upto about 2pm ish if i can .....

im having an early night tonight PG so say a prayer for me !!

Originally Posted by KUTERO

Positive and negative divergence

Possible right shoulder has form with Fed spike up?

A-Yooooooooooo

Originally Posted by Qabazard

Thank you sooo much FL .. That sounds logic and simple .. what I conclude is that you are simply detecting what is called "Failing Testing Area" and then you simply "calculate" the space that was left behind and wait for it in the opposite side

But dear where is Fibo lines and Fan ? EW ? Pivots ? are they out of your analysis tools ? Some told me that : IT'S ALL ABOUT PATTERNS AND SHAPES. Do you agree .. Cheers again hope you all success ,, yours

yes, i also use daily, weekly, and monthly pivots, fib retracements, fib extensions, and ew on separate charts, if every tool i used was on one chart, you would not be able to see the candles LOL, when posting analysis, i try to keep it as simple as possible to not overwhelm the mind of who ever takes value in the analysis, simpler is better in my opinion, hope this helps... mike

Good for you...will say a prayer for you take care mate

Originally Posted by cw1

Hello PG, nope, just sort of got side tracked a little with other stuff. I have still been trading but also watchin the Forum etc. the summer months , i tend to work very early upto about 2pm ish if i can .....

im having an early night tonight PG so say a prayer for me !!

Originally Posted by AyoBro

Possible right shoulder has form with Fed spike up?

A-Yooooooooooo

May be..
But, if you check macd and rsi, also possible more higher target..
Now 1.3250 is a resistance..

what time frame is that???

Originally Posted by AyoBro

Possible right shoulder has form with Fed spike up?

A-Yooooooooooo

Originally Posted by PoundGuy

what time frame is that???

it is erol's (Kutero)4 hour/240 min chart

Correct me if am wrong after Some time didnt the Fed claim that QE was to encourage investment into risk assets/securities or something like that

So i think (if my statement above is correct) wouldnt that be almost the same as the position taken by the FED today???

ok thanx Mike.......

Originally Posted by FLFOREX

it is erol's (Kutero)4 hour/240 min chart

Originally Posted by KUTERO

May be..
But, if you check macd and rsi, also possible more higher target..
Now 1.3250 is a resistance..

I see the upside potential. Looks like price found support around last months high and last weeks 84.9 level. Waiting for 15/30 charts to confirm up move.

Originally Posted by PoundGuy

what time frame is that???

Im on the fence about a new high because the drop from 3333 is somewhat impulsive and can be counted as five waves down, if so then a new high is not possible. But sticking to my current strategy of 'trading what i see', which is three waves up from 3073 and may represent wA in the H&s scenario, wB just completed at 38.2 of wA, and a small wC could fail at 3229(double top) or 3266.

A-Yooooooooooo