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

Originally Posted by FLFOREX

Beautiful entry Arthurs!

Thanks! Lets see how it works out.

Originally Posted by smallcaps49

Hey Man, looks as though we have the same thoughts in a close way??? From your last post, ie;

(The congestion is playing in... I think if for Wednesday initially 2860-66 holds we could hit initial tgts around 2948 followed by 2999-3010.. 3010 by halfway thru the IMM sessions...)

Now if my 5-3-3 holds true on the daily, at which is just crossing the 20, I see this going for a round about way of a 60-100 pip gain soon???

And maybe a run past there, BUTT, will eval that one later!!!

2916, which I came within 1 pip call, still needs to be broken with a follow of 36 as in one of my pre's!!! And my 40 will be good and above with the norm bounces???

So I'm in your ball park again with my strat!!! 2880+60=2940 2880+100=2980??? BUTT, also if breaks below 2835 for a double bott, Uhh Oh!!!

I like the 35 holding better than 60-66, jmho!!!

The 4hr is still hoving above 50 rsi, and 5-3-3 is hoving 60

I'll try a chart with paint later so as to circle what I have shown on my 5-3-3 etc???

caps out!!!

PS-As said before, don't retire 33ish??? and above on this now looks like up before the Tank???

Good to know when we have confirmation.. I also see 2830, but would most likely void it over view as coming to it increases the danger of it dropping right throw as we did 2 days of luck luster and its just that most likely the momentum would be greater today on any breakout whichever direction it may head.. then again this forex and anything goes..
2027-30 is catching my attention as a break higher should lift the pair higher to 3004, where about stall should give a good entry to short..
The supp is holding well above the 15th high of 2870, with the news drop on the PPI & housing was 2865...
Anyways, I most prolly have to head to another city, which is a 5 hrs drive one way... I might have to leave in next 1 hr or so... IF so will have no option but to leave order longs at 2868 with stops under 2851.... limits to around 2997........
Also if i won't go out then would be interested in longing euppy from 109.85-90 stall for 100 odd pips... If euro eventually head higher and yen stalls around 85.35-40 this would be the perfect combo for a test of 111.25-40..... Since we had a false breakout yesterday and this should march higher as well in line with euro heading higher.. they would go hands in hands........ This only if I'm watching the mkt...

GL...

EDIT: Just got the call.. heading out in 10 mins.... Just heard the click, the longs are in....
Will find out once i get back in next 15 hrs or so.... this came in earlier then expected... for the current 4 hrs 2850 supp. so stops now pushed to under 2844 .. It should be below 2830 but can't afford to lose much out here... have 2 longs in with limit on one at 2955 and 2998 on other one...

GL...

GL...

Originally Posted by smallcaps49

Hey Man, looks as though we have the same thoughts in a close way??? From your last post, ie;

(The congestion is playing in... I think if for Wednesday initially 2860-66 holds we could hit initial tgts around 2948 followed by 2999-3010.. 3010 by halfway thru the IMM sessions...)

Now if my 5-3-3 holds true on the daily, at which is just crossing the 20, I see this going for a round about way of a 60-100 pip gain soon???

And maybe a run past there, BUTT, will eval that one later!!!

2916, which I came within 1 pip call, still needs to be broken with a follow of 36 as in one of my pre's!!! And my 40 will be good and above with the norm bounces???

So I'm in your ball park again with my strat!!! 2880+60=2940 2880+100=2980??? BUTT, also if breaks below 2835 for a double bott, Uhh Oh!!!

I like the 35 holding better than 60-66, jmho!!!

The 4hr is still hoving above 50 rsi, and 5-3-3 is hoving 60

I'll try a chart with paint later so as to circle what I have shown on my 5-3-3 etc???

caps out!!!

PS-As said before, don't retire 33ish??? and above on this now looks like up before the Tank???

Hey man, Looking at my Daily closely, and I see a very Possible H&S taking place @2936-40??? Watch Out Bud!!! This could be the Biggie R??? If we don't see a sustantial move above 40, or can't break, this may turn into the BIG BEAR our friend """Bill""" Wants!!! LOL!!!

If she goes down hard from my 36-40, we are looking at the 2450 range when she breaks 2736 2700!!!

My Daily Chart ol' Buddy!!!



caps out!!!

PS-Darn, Looks like I Missed Ya stryker, Maybe I'm Wrong, and your counts are right, BUTT H&S is """BAD"""!!! Just took 3 lots long @1.28654 SL @ 128034 and TP 1.29124, 4??? That's my LUCKY #!!! LOL!!!

Thanks for the shout-outs for the 30s call. Here is the question of the day.

which will come first?

The inverted HSH on the 15 or the HSH on the 4 hour?

Originally Posted by MoneyInc.II

Thanks for the shout-outs for the 30s call. Here is the question of the day.

which will come first?

The inverted HSH on the 15 or the HSH on the 4 hour?

H&S also MoneyInc??? Maybe the BIGGIE??? JMHO using my """Strategy!!!"""

caps out!!!

Originally Posted by smallcaps49

H&S also MoneyInc??? Maybe the BIGGIE??? JMHO using my """Strategy!!!"""

caps out!!!

what is JMHO

Originally Posted by MoneyInc.II

what is JMHO

MONEY>>> MONEY....(JMHO)..... "just my honest opinion"..... hope your doing well, mike

Originally Posted by FLFOREX

MONEY>>> MONEY....(JMHO)..... "just my honest opinion"..... hope your doing well, mike

Any thoughts as to "what is going on with the pair?" i am a bit puzzled with the slugish movement in price.

Looks as though the 1 hr has settled down for the low in??? Hope stryker didn't get beat up with this low of 2841???

Now, I think we Hit my H&S tomorrow in the neck of woods of 2936-40???



Then we shall see???

caps out!!!

Extending trade time. However moving SL to 50% gains.

Originally Posted by MoneyInc.II

Going from 1.29 to 1.3257 this is on the table with SL at even money good until 8/17/2010 time 2100(GMT). Will add to my position at 1.2935 and will move SL to Net Even for Zero loss.

if it moved above the neckline, will prefer the move up as a inverted h & s
else, bias is down

Good luck

Originally Posted by stanchiam

if it moved above the neckline, will prefer the move up as a inverted h & s
else, bias is down

Good luck

DOWN the more I look into IT!!! H&S @36-40 is """BAD BOY"""!!!

By the way, added 2 more lots @1.28524!!! 4??? That's my Lucky #!!!

caps out!!!

The Weakening Euro

Perhaps you were one of the many paralyzed by the hype about a supposed imminent death-spiral of the dollar … a believer of the idea that the euro would supplant the dollar as the new primary reserve currency. Or maybe you were dead certain that a V-shaped recovery was underway, opportunities to embrace risk were abound, and that there was no need to worry about more shocks and collapses in financial markets.

Well if you were among that crowd, you witnessed in horror the near collapse of the monetary union in the first half of this year, which brought the euro to its knees and most other currencies with it.

And as you can see in the chart below, you were likely exposed to the euro’s 22 percent free-fall.
chart Feds Wake Up Call Gives the Euro a Dose of Reality

If you missed the boat to sell on the first slide that took place from late November of 2009 until early June of this year — you had a second chance over the past two months, when the euro sharply rallied from just above $1.18 to more than $1.33.

However, with the Fed’s wake-up call on the state of the world, the euro’s latest retracement is likely done. In fact, on Wednesday, the day after the Fed’s stimulus announcement, the euro dropped 2.4 percent — the biggest one-day fall in almost two years.

Now it’s fair to expect Act II of the crisis for the common currency.

Regards,

U guys are thinking a lil down and then some more up and free fall?

Originally Posted by Pipping aint EZ

U guys are thinking a lil down and then some more up and free fall?

a lil :-)