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

Originally Posted by Paul Chin

I see you are a very profitable short term range trader. Please take me as your disciple!

) Every other day market moves in a range. At start normally test key level to establish potential top/bottom for the day..it then starts a move sometimes in the opposite direction or continues. Once the modelled daily range is complete..the top/bottom holds..but also a counter trade from the range extremes should govern for the day. 14030 was down extreme Friday and euro started and tested key level 14080 and then went on to violet 14030..surely that would be the downside extreme that should be found around 13900ish based on 180/200 pips-wide todays model.
Of course it is not carved in stone but presents a high probability positive outcome..instead of messing around in the middle of the moves predicting directions using so-called indicators or EW counts.
You may consider joining Leopardtrader.com. I use them and it has been ok for now. I get the key levels and daily range models from them. And have learnt alot of tricks

never go to war with x3 not a good battle to engage in. x4 on 60 min. should be pretty decent retrecement.

Originally Posted by zion

) Every other day market moves in a range. At start normally test key level to establish potential top/bottom for the day..it then starts a move sometimes in the opposite direction or continues. Once the modelled daily range is complete..the top/bottom holds..but also a counter trade from the range extremes should govern for the day. 14030 was down extreme Friday and euro started and tested key level 14080 and then went on to violet 14030..surely that would be the downside extreme that should be found around 13900ish based on 180/200 pips-wide todays model.
Of course it is not carved in stone but presents a high probability positive outcome..instead of messing around in the middle of the moves predicting directions using so-called indicators or EW counts.
You may consider joining Leopardtrader.com. I use them and it has been ok for now. I get the key levels and daily range models from them. And have learnt alot of tricks

They are charging on subscription? Still believe that the best things in life are free - like this website!

I'm a short term range trader as well, probably not as profitable. Oops! time to close out. See ya!

Euro May Push back above 1.4010

which ever pile of dung you are thrown into in life , you must ajust to make your pile the best. i am ajusting.thank you will check them out. my spreads are 1.5 to 2.0 on EURUSD. most times around 1.7 to 1.8. i cannot trade 144 tick bar or smaller with that kind spread. for me this is not a hobby.

Is something wrong with the fxcm real time news feed?

Originally Posted by Mary R

Is something wrong with the fxcm real time news feed?

Hey, i noticed that too from the very morning

EUR/USD with a 12 Pips intraday gap down? .. this doesn't looks bullish to me anymore.. i was stopped out flat.

Due to problems in the Eurozone, notably Ireland, EUR seems to be set for a drop. Moreover, last week's US NFP resulted in the drop of this pair. A shift of focus from US to EUR's problems is the spotlight for this and next week perhaps. The bull-run towards 1.445 might have to wait as of now.

A test of 1.38 and then 1.3695 should be in place, or even 1.358. All previous supports. 1.40 and 1.41 are now Resistance levels as they acted as support last week.

Hi Tom / Greg,

Could you kindly confirm if the US markets would be closed on 11 Nov (Veteran's day) & 25 Nov (Thanksgiving) ...also could we expect 26 Nov Friday to be an unofficial off-day?

Thanks

Originally Posted by arnab

Hi Tom / Greg,

Could you kindly confirm if the US markets would be closed on 11 Nov (Veteran's day) & 25 Nov (Thanksgiving) ...also could we expect 26 Nov Friday to be an unofficial off-day?

Thanks

The US stock markets will be open November 11th though it is a U.S Banking holiday. Thanksgiving the U.S. stock market is closed. Lighter volumes are expected the day after Thanksgiving though it is not officially closed on that Friday.

Here is a schedule from the NYSE:

EUR/USD London session review and outlook, November 8, 2010




Regards

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

Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.

Originally Posted by Gregory McLeod

Euro May Push back above 1.4010

time check

Seems like 3880 hold quite well... that's an excellent point for SL. Yesterday pivot of 4090 may be today's target. Current price 3915... To aim for 175 pips with a risk of 35 pips seems like a good deal. Taken the bait. Let's see how it goes...

hi,

Beautiful shorts on the Asian session. Support level of 1.3803.

Regards,
andy