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

Quick 30 mins and 2 hrs charts... Short term...


GL...

EDIT:: Offcourse we need an open above the 30 mins resis to confirm next leg up..

Once e/u breaks today's low it could slide down rather sharply. My TP is 1.28303 for today.

[QUOTE=Bari Baig;705479]Once e/u breaks today's low it could slide down rather sharply. My TP is 1.28303 for today.[/QUOT

all of u r very experienced n expert in trading..... i just wanted to draw the attention towards MACD on daily chart.... isnt it showing divergence? just to add up somthing... incase if we r mission out somthin........
regards...

I thought the Japan news could possibly be a trend changer. I came out of shorts and am considering re entering. What pull backs are we to expect today ?

Originally Posted by Flyba

I thought the Japan news could possibly be a trend changer. I came out of shorts and am considering re entering. What pull backs are we to expect today ?

Flyba, here's food for thought. How many times has China said it would buy Euro Debt? twice now. So, what if Japan wants to buy Euro Debt.

This is what I say at such times "when you don't move on a bullish news, you're not bullish to begin with". Euro spiked and in less than 15 minutes all the drama was over.

Still think it could be regarded as a trend changer? I wouldn't

sold short here 12940

Originally Posted by Spartan_Forex

sold short here 12940

Very nice Spartan, so did I

Originally Posted by Bari Baig

Flyba, here's food for thought. How many times has China said it would buy Euro Debt? twice now. So, what if Japan wants to buy Euro Debt.

This is what I say at such times "when you don't move on a bullish news, you're not bullish to begin with". Euro spiked and in less than 15 minutes all the drama was over.

Still think it could be regarded as a trend changer? I wouldn't

Hi Bari,

Thanks for your reply. In short I do not now think it is a trend changer but I have now just learned something else new... thanks...and as the price is around where I got out..I can get back in which I will do shortly.

Cheers

Fly

Originally Posted by TAfool

Create a chart group (File|New|Chart Group), doesn't matter what. I called this one "Time Grid". Open a new tab for each time frame you want to use. I'm using 1-month; 1 week; 1-day; 4 and 1-hour; 15, 5 and 1-minute times frames for a total of 8 tabs. Link all charts (tool bar icon left of the time frame drop box). Enter your symbol in the tool bar left side drop box.

Now all time frames are always ready to go with no waiting. Whatever you do on one chart will show on the other. If your defaults are set too high and too much shows up on the larger time frame charts just right click on the item and chose "Visibility" and select the time frame cut off to hide that item on larger charts.

Thanks for the tip TAfool. This will be very helpful.

I'm long EURUSD from 1.29305 early yesterday morning. Looking at 1.31 or above. I see no reason why this shouldn't go up now following the news that Japan intends to buy Euro Bonds. Why the spike in the first place if it wasn't good news, a retracement to 1.28 doesn't make sense now until perhaps later.

I could be wrong though!!!

Good Luck Trading Everybody!!!

Originally Posted by greggy

I'm long EURUSD from 1.29305 early yesterday morning. Looking at 1.31 or above. I see no reason why this shouldn't go up now following the news that Japan intends to buy Euro Bonds. Why the spike in the first place if it wasn't good news, a retracement to 1.28 doesn't make sense now until perhaps later.

I could be wrong though!!!

Good Luck Trading Everybody!!!

In my opinion the market had its chance yesterday to take the Euro to 1.28 and it didn't, that chance has gone for now. It doesn't make sense otherwise!

Originally Posted by Bari Baig

Flyba, here's food for thought. How many times has China said it would buy Euro Debt? twice now. So, what if Japan wants to buy Euro Debt.

This is what I say at such times "when you don't move on a bullish news, you're not bullish to begin with". Euro spiked and in less than 15 minutes all the drama was over.

Still think it could be regarded as a trend changer? I wouldn't

I'm short at 2960 since 2pm EST yesterday afternoon and plan on holding it. One of the reasons that I'm holding this position is for the same reason that you mentioned here. However, what concerns me is the long sideways movement. The longer price consolidates in one area, the more explosive the reaction will be. Price now sits outside the channel and inside the fib fan zone. I'm thinking that price might head up to at least 1.30 and maybe higher before heading back down.

Positive MACD Divergence Points to a Higher Euro- The real market should be in full effect as institutional traders and hedge funds return from their winter holiday. I like Long Euro with a stop at 12875 with a first target of 13414 and a secondary target at 13747 whcih is the 61.8% retracement of the down move from the 14284 November high down to the January 12872 Jan. 10th low. A break below the 12872 low would invalidate this bullish scenario.

Originally Posted by brianborn1968

I'm short at 2960 since 2pm EST yesterday afternoon and plan on holding it. One of the reasons that I'm holding this position is for the same reason that you mentioned here. However, what concerns me is the long sideways movement. The longer price consolidates in one area, the more explosive the reaction will be. Price now sits outside the channel and inside the fib fan zone. I'm thinking that price might head up to at least 1.30 and maybe higher before heading back down.

Hi Brian, I have been short since yesterday myself. Heck except for the spike in early Asian trading the simulated move came right on dot and less than 1 hour ago we'd get a breakout and it would be a violent one and this was said at 29250! haha, at 2940s I thought its just a bull added one more unit and now added one more unit at 29750.

God help us now. My best wishes.

Originally Posted by brianborn1968

I'm short at 2960 since 2pm EST yesterday afternoon and plan on holding it. One of the reasons that I'm holding this position is for the same reason that you mentioned here. However, what concerns me is the long sideways movement. The longer price consolidates in one area, the more explosive the reaction will be. Price now sits outside the channel and inside the fib fan zone. I'm thinking that price might head up to at least 1.30 and maybe higher before heading back down.

Hi Brian

I have taken a long position at 2965. I think you are correct.