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

I would take profits just to be safe. if we get past the 1.33 mark and stay there for a few min then maybe come back in. i've been trading the EUR/USD, USD/CHF this morning taking a few pips here and there.

I meant resistance (based on the fib pivots).

Nice push up, still in my short positions, may get some good resistance here, might add another short, however if it continues and closes higher, time to back out.

4HR:

I must correct myself again. The monthly was the pivot, not a resistance line.

Originally Posted by DrPips

All I'm allowed to tell you is this:

1.2760

Happy New Year !

LoL,nice. In this guys defense though i remember a thread in the forex factory forums with someone saying they had a dream that the EU was going to fall massively before that 3000+ pips run down last year, Well it was either that or he had a helluva inside birdie spilling info lol

Originally Posted by FXTA

LoL,nice. In this guys defense though i remember a thread in the forex factory forums with someone saying they had a dream that the EU was going to fall massively before that 3000+ pips run down last year, Well it was either that or he had a helluva inside birdie spilling info lol

I was taught that what we defend against we join in agreement with.

Dream eh ?

I spent some time in the earlier part of this year reading stacks of posts from a year before and there was some by a guy called Mildred the Cat who said before the 2009 high what would happen. He was extremely graphic and called the top to about 60 pips!!

I enquired about him because it was before my time and apparently he also had some kind of vision of it or something, but got banned for not sticking to technical and fundamental analysis so I heard anyways.

Sure I mentioned my RSI's being given in a dream though, better not mention that again thinking about it.

Purely technical me and never would I wish to be labelled as a "New Market Wizard" or anything as absurd as that.

Originally Posted by Colly

I was taught that what we defend against we join in agreement with.

Dream eh ?

I spent some time in the earlier part of this year reading stacks of posts from a year before and there was some by a guy called Mildred the Cat who said before the 2009 high what would happen. He was extremely graphic and called the top to about 60 pips!!

I enquired about him because it was before my time and apparently he also had some kind of vision of it or something, but got banned for not sticking to technical and fundamental analysis so I heard anyways.

Sure I mentioned my RSI's being given in a dream though, better not mention that again thinking about it.

Purely technical me and never would I wish to be labelled as a "New Market Wizard" or anything as absurd as that.

called the top at 60 pips, thats pretty insane lol Ah if only it were that simple

Originally Posted by Colly

I was taught that what we defend against we join in agreement with.

Dream eh ?

I spent some time in the earlier part of this year reading stacks of posts from a year before and there was some by a guy called Mildred the Cat who said before the 2009 high what would happen. He was extremely graphic and called the top to about 60 pips!!

I enquired about him because it was before my time and apparently he also had some kind of vision of it or something, but got banned for not sticking to technical and fundamental analysis so I heard anyways.

Sure I mentioned my RSI's being given in a dream though, better not mention that again thinking about it.

Purely technical me and never would I wish to be labelled as a "New Market Wizard" or anything as absurd as that.

Speaking of those RSI's, it was only 20 days ago I shared here a potential G/J 500 pip move based on those.

Now about 700 !!!

It keeps paying my lunch bills anyway


.

Originally Posted by FXTA

called the top at 60 pips, thats pretty insane lol Ah if only it were that simple

Lol...

The call on the G/J one I made was about 40 pips.

Colly vs The Cat any day of the week

Originally Posted by Colly

Lol...

The call on the G/J one I made was about 40 pips.

Colly vs The Cat any day of the week

And.....

Those darned RSI's arn't good for just the longer term moves...

but scalping too on lesser TF's...

The Long I just closed on GJ may testify that better than words.


.

.


I recall recently that JohnG Fx ( before he threw his Teddy in the corner - see his journal for details http://forexforums.dailyfx.com/my-fo...x-journal.html ) said in response to one of my posts, and I'm sure I detected a sarcastic tone...

"All we ever needed was a pair of simple momentum indicators"


Well, yup, apparently so John Boy, apparently so.

Originally Posted by stryker

resis : 3243 followed by 3253....... above that it to turn bullish to around 3290-93....
halt around 3243-50 and shorts indeed.. but i would now be looking forward to higher highs as long as the price stays above 3166-73... 6th rejection to 200 MA.. time to head high..... prefer buying dips and this is turning out exactly as projected yesterday on the 30 mins chart........
Immediate supp now 3216-18.......
GL..

You were right Stryker as price continued higher. However, I was somewhat correct that price reversed at 1.3250, but only by about 30 pips. I was able to bring my SL to a small profit, but lost on my other entry. It happens.

I'm glad I bailed at 1.33. The 30 & 60 minute Heikin-Ashi candles are suggesting that the trend may be reversing. I'll take a short position if we can get a convincing move past the weekly fib S/R line at 1.3272. That same line proved to be a churning area on the way up.

,



The next few hours should paint the picture..

The 1m chart suggests to me that we'll see 1.3260 or so and then a trace up.

This will either confirm a lower high ( and divergence on 5 and 10m RSI TF's ), or, not.

Either way, the following trades shall be made clear.

Best,

Colly
---

It went through S/R at 3272 and bounced just below 3260. I was thinking of going short on the pullback, but it's back above 3272 on a steady move up. LOL!

Need to look for more signals . . . .