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

One last quick post for this morning. I doubt it will be hit, but who knows. My order for the day is...

Short 1.3848 - SL 1.3878 - Open Target

This is just under the 50% Fib Retrace from the high on 11/4 and the low on 11/16. No time to post a chart this morning, but if you know how to use the fib tool, you can see the chart.

Bearish Crab on Euro?

Originally Posted by brianborn1968

One last quick post for this morning. I doubt it will be hit, but who knows. My order for the day is...

Short 1.3848 - SL 1.3878 - Open Target

This is just under the 50% Fib Retrace from the high on 11/4 and the low on 11/16. No time to post a chart this morning, but if you know how to use the fib tool, you can see the chart.

Like your charts brianborn My humble opinion is that swing low on the euro/usd was on the 17th 13450ish..therefore short trades follow upside bias and your trendlines (if you use them) should favour such. I expect a new high on the euro somewhere around 14400 on this leg.

Just my take and may end up being wrong!

Originally Posted by brianborn1968

What time frame are you looking at? I do see the Ascending Triangle, but curious what time frame you see it in. An Ascending Triangle is a bullish formation. A continuation of a previous trend. However, since the recent previous trend was down, how does that fit with the definition?

Attachment 72543

Hi Brian,

Was based on 10 min chart. Don't trade patterns, but gave me a good warning at times like this...

Hi Greg,

I'm with you on that bear crab. Was expecting 3740 to be the downtrend starting point. Break 3800 and I'm out.

Hi 233062306,

Although I'm a big fan of Turtles and use their strategies such as Position Sizing and etc, but I'm not sure what indicator you're referring to.

Originally Posted by 233062306

hi asherewt~it seems that u are using turtle trading index in your chart~
but i find that there is a "stop" line except highest and lowest line~
my turtle trading index is downloaded form codebase.com~but there is no stop line...

EUR/CHF 4-Hour Triangle Breakout!

Daily Chart
EUR/CHF Inverted Head and Shoulders?

41 Trades, 41 Wins 331 Pips- My Long USD/JPY and Short EUR/USD paid off nicely for some repeated gains. I spiced it up with some short GBP/USD and Long EUR/CHF. Pretty good for 2 1/2 hours of work and a nice way to start the weekend.

Earlier, I posted the trades I was looking at that had nice setups. Then I went ahead and used the FXCM Active Trader Platform with its tight spreads and Level II-like Market Depth to begin my scalping run.

I may still have more scalping to go! Join me in Greg McLeod's 10 AM/3pm GMT Real Time Forex Trading Room to see if I can do this in front of an online audience!

Good eye, Gregory! That's the best H&S patter I've seen so far. Looks very credible technically and fundamentally, in my opinion.

QE in US and EU will cause money to flow into Swissie. Again, my opinion.

Originally Posted by martyman13

Good eye, Gregory! That's the best H&S patter I've seen so far. Looks very credible technically and fundamentally, in my opinion.

QE in US and EU will cause money to flow into Swissie. Again, my opinion.

Thanks Martyman! Given the economic turmoil surrounding them, the Swiss continue to show the strength in being neutral.

Originally Posted by zion

Like your charts brianborn My humble opinion is that swing low on the euro/usd was on the 17th 13450ish..therefore short trades follow upside bias and your trendlines (if you use them) should favour such. I expect a new high on the euro somewhere around 14400 on this leg.

Just my take and may end up being wrong!

We all have our opinions or we would not have the tug of wars between bears and bulls. I can be either depending on how I feel about the market; currently I'm a bear and that could change over the weekend.

My order for the day is... Short 1.3848 - SL 1.3878 - Open Target

If this order would be triggered, the odds that it would increase more than 230+ pips in a 24 hour period and given that it is a Friday, I think that I would be fairly safe that my stop would not be hit 30 more pips away. Being that I'm on the bear side, I think that getting a short triggered at a 50% retracement would be a good area to jump on board. Just like I said in my post, I doubt that this order would be triggered today and it was my order for the day. If not triggered, I have the weekend to analyze for another order for next week.

Maybe by Sunday I will be in your camp with the other bulls.

eurusd rise to 1.3732 today,and the trend is going down again.how long will this continue?

[QUOTE=Gregory McLeod;660392]41 Trades, 41 Wins 331 Pips-

good scalpin there....nice one gregerrs !!!

Nice cheesy pic too !!! pearly white teeth, good drills

Originally Posted by Gregory McLeod

EUR/USD 15-Minute Triangle- 1.3722 or 1.3539?

Bullish Triangle Objective Hit at 13722.

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