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

love your first chart. Did not see this pattern. If price does not go above 4080 we have 3 lower highs.

Euro has been diverging with gold lately and i think this is better than all other technical indicators right now. on the flip side, gold weakness could be holding the euro back. If gold bounces euro will rocket. Gold would really have to break down to take the dollar with it. Def keeping my eyes on this connection.

Originally Posted by MOZI32

i see like three tops and looks bearish for me confirmed below 1.3850

Attachment 71247

and a daimond

Attachment 71248

and
two opposite triangle

Attachment 71249

good luck friends , but holding tops till the news is obvious short on any fake new high

Originally Posted by MOZI32

i see like three tops and looks bearish for me confirmed below 1.3850

Attachment 71247

and a daimond

Attachment 71248

and
two opposite triangle

Attachment 71249

good luck friends , but holding tops till the news is obvious short on any fake new high

Really admire your imaginations with those lines, very artistic... LOL!

Find your second and third scenerios very pretty, first one looks like a saw to me... LOL!

A short term channel trader would really hope your second and third scenerios can come through, but I'm done for the day, let's see how it goes after a good night's rest.

Again, very impressive! LOL!

Originally Posted by MOZI32

i see like three tops and looks bearish for me confirmed below 1.3850

Attachment 71247

and a daimond

Attachment 71248

and
two opposite triangle

Attachment 71249

good luck friends , but holding tops till the news is obvious short on any fake new high

amazing charts and patterns clearly visible. I like them all.. gives a total new prespective and to watch for.......
finally a new push higher is taking place.. some of 4063 resis now stands at 4057 as per the new 4 hrs candles...

GL......

psperos , i see , you are right ,

Paul Chin , of course patterns is an art , lol


stryker , thanks , and i like your shortterm trades a lot ,

good luck to you all ,

EUR/USD London session review and outlook, November 2, 2010




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

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looking for 1.3775 as target.

Originally Posted by MoneyInc.II

looking for 1.3775 as target.

relooking at the charts and comes EU session 4085-90 is imp.. After spotting these TL's i'm willing to let go all the remaining ones i was looking on yesterday and would use the region around 4085-90 when EU starts as a barometer to project the next directional move on euro.....

GL...

For pivot point lovers, the attached 10 minutes chart provides a daily view of daily pivots.

(Notice that S2 and R2 are very respected for the past 6 days, so following the trend, we can make an educated guess the max and min of the day)

And some people may deduce more things from it...

Looks to me we are headed lower. Tough to short the uptrend so I would rather buy in the circled area of 1.3950. Should get there overnight or early tomorrow. Just watching for now.

From the front page of DailyFX

Prepared by Jamie Saettele

The EURUSD is in a topping phase, but a new high (however slight) cannot be ruled out (this sideways trading may be simply a 4th wave). If indeed a triangle ended at 13805 last week, then waves i and ii of 5 (of C) are complete and price is headed higher into a top near 14200 over the next several days. 13990 and 13950 are supports.


There comes a point where someone should stop posting for a while and examine their bias. A few of the analysts on this site have been stubbornly USD bullish since 1.30 always looking for top picking opportunities and getting burned. A few weeks ago, there was an article on the front page that declared this was one of the "3 best shorting opportunities of the EUR/USD of all time" - not kidding. Now still stubbornly sticking to bias we are "The EURUSD is in a topping phase, but a new high (however slight) cannot be ruled out".

Folks the trend is still up, and it will continue to rise until it doesn't. I've been long since 1.28 and I wouldn't be surprised to see 1.45+ over the next few weeks but it may not, who knows - I'm blessed with a successful system not a crystal ball. All I know is that if the trend reverses, I will be closing my position and taking a short. I will continue to leave the endless fantasizing about what "must happen" to others, hopefully those with very deep pockets or those who don't actually trade their own suggestions. Do your own due dilligence.

Originally Posted by Alejandro Zambrano

Thank you for your kind words Mario! I always try do to my best. For how long have you been trading?

Thanks
Alejandro

Hi Alejandro.

I’m relatively new at this. I’ve been trading for about 15 or 16 months now. The possibility of making money at this got me to spend a great deal of time & effort learning about the market basics and about how technical indicators work, including the underlying theory & math. However, I soon discovered that performing well not only requires learning the theory but also, and most importantly, practice. Just like a pianist who learns music theory and then practices for endless hours, or a surgeon who studies the medical sciences and then spends years in the operating room. So here we are, immersed in this fascinating world, working on getting good at it.

Cheers
Mario

Originally Posted by dh12

Looks to me we are headed lower. Tough to short the uptrend so I would rather buy in the circled area of 1.3950. Should get there overnight or early tomorrow. Just watching for now.

yes, im on the same wvelength with almost identical chart channel

good afternoon guys, could you pls interprete this stochastic to me
don't really get it
RSI heading north, but the channel lines are still not broken, looks bearish, but with the recent support levels like daily pivot 1.3989 and yesterdays high we cannot really say what it is in the shorter term. DXY is stuck @ 76.70 R level

and eur/usd daily pivot is also a 38.2% fib from yesterdays movement

eur/usd 4H line

Originally Posted by Malabar

Hi Alejandro.

I’m relatively new at this. I’ve been trading for about 15 or 16 months now. The possibility of making money at this got me to spend a great deal of time & effort learning about the market basics and about how technical indicators work, including the underlying theory & math. However, I soon discovered that performing well not only requires learning the theory but also, and most importantly, practice. Just like a pianist who learns music theory and then practices for endless hours, or a surgeon who studies the medical sciences and then spends years in the operating room. So here we are, immersed in this fascinating world, working on getting good at it.

Cheers
Mario

Good that you discovered that trading (especially short term trading) takes some time to master. Now you know what you need to do (practice and study) instead of hopping (gambling) that you will get the big break i.e. a big winning.

I know that I do not have more than 1 month of material at this forum yet I would recommend you to look trough all of the material I have posted so far and try to understand why some levels are more important than others and why I some times prefer short or long positions. If you have access to DailyFX+ I would also recommend you to look trough their analysis of the EUR/USD, which is very similar to mine but they have much more data.

You will find my material at http://forexforums.dailyfx.com/eur-u...-analysis.html

Happy trading!
Alejandro