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

Pre-meetings and Announcements are such fun

Originally Posted by Colly

Pre-meetings and Announcements are such fun

I thought there might be one final burst up to 1.3750 which could be a good short

Originally Posted by Mary R

I thought there might be one final burst up to 1.3750 which could be a good short

Hello Mary,

Its certainly in the scope of possibilities.

This is a chart I shared with some people this morning.... maybe it paints a picture to some that is not seen by others, and that part is high-lighted by the red-lined wedge.

Meanwhile, when trading is in the lower quadrant of the Trend Channel then that often ( with E/U particularly ) means that the present move is in question concerning continuation.

Tricky days are those with announcements however, they tend to have a habit of messing up the picture abit. This You know full well too.

Good Luck anyway... whichsoever way things move.

Originally Posted by Mary R

I thought there might be one final burst up to 1.3750 which could be a good short

Mary.... I just had a thought.... may I ask how the Delta picture is looking at present please ? I know that often You have a count per period and if there is one available that You wish to share I would like to see it.

Thank You anyway.

Originally Posted by Colly

.

Usd/Chf:


Bottled it !!

Yesterdays Long I closed... could be a false start but wish to see what happens in the next hour or two before making another decision on that.


,

Usd/Chf:

I like playing top/bottom picking... its always a challenge. After a couple more fouled attempts I'm glad I'm choosing to play it safe to some degree in doing so however.

,

,


Lol...

And thats why !!!!


,

Originally Posted by s_slo87

Upward momentum-prevailing trend. Fears of European countries with financial problems are temporary easing. Hear there is a barrier option around 1.3725 just like there was at 1.3700 and the market did a good job keeping it below 1.3700 for a good long time. Today once the NY session starts in 25 min i'd expect a small sell off for about 30/40 pips to 1.3660/50 area before coming back to the 1.37 area rather quickly. Ah, what else? Thats all i got for ya. I'm going to tread carefully here for the remainder of the week. see us at 1.38 prior to slew of US data on Friday. release

Short....sweet....and accurate! Which is more than I can say about the response to your post. I hope you had the confidence to trade the move back up to 1.3700. Thanks for sharing your thoughts.

EUR/USD London session review and outlook, January 26, 2011




Regards

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

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Originally Posted by Colly

,


Lol...

And thats why !!!!


,

I've been long since this time yesterday, this pair has been as fun as a root canal. Thank God I was getting my coffee during that flash down, I'm glad I missed it, I'm a little nervous holing it through FOMC. Lets see how it unfolds.

Originally Posted by vonzey

I've been long since this time yesterday, this pair has been as fun as a root canal. Thank God I was getting my coffee during that flash down, I'm glad I missed it, I'm a little nervous holing it through FOMC. Lets see how it unfolds.

Hi Vonzey,

I was going to address my post to You but couldn't find Yours between jobs... glad we back in touch on this.

Ok.. I'm flat at the moment and will stay that way now for the next hour or 2, but... see the 3h chart below...

Off the preceding hi-lo-hi I have T3 at 0.9395

T4 is between 78 ~ 100% Fib.

I need to see a higher low before I head back in on that one or it defeats my strategy. I know its close, I know that, but I don't know how close. Essentially, whether C or 3... its gonna be big lol

Given that I'm happy to wait.

I dont know whats up with some people... I mention UC and GJ and they go looking for something to suck and asking for their mummy

Good Luck.

.

Originally Posted by Colly

Mary.... I just had a thought.... may I ask how the Delta picture is looking at present please ? I know that often You have a count per period and if there is one available that You wish to share I would like to see it.

Thank You anyway.

Im working on a chart and count. When I finish I will post it.

(sigh) Hindsight is 20/20... Anyway, here's what I'm seeing. Usually my wave 4 target is within 10 pips, but wave 3 tends to lag and go higher before going to w4, so I added a variation of 1.3750 before seeing 1.3550 or so for wave 4.
The move down to 1.3550 might happen today (FOMC) or Friday (US GDP).

stop above 1.3720...or if it retraces back around 3680 area.

xxxxxxxxxx short from 1.37164 stop a little north.

Originally Posted by Colly

Hi Vonzey,

I was going to address my post to You but couldn't find Yours between jobs... glad we back in touch on this.

Ok.. I'm flat at the moment and will stay that way now for the next hour or 2, but... see the 3h chart below...

Off the preceding hi-lo-hi I have T3 at 0.9395

T4 is between 78 ~ 100% Fib.

I need to see a higher low before I head back in on that one or it defeats my strategy. I know its close, I know that, but I don't know how close. Essentially, whether C or 3... its gonna be big lol

Given that I'm happy to wait.

I dont know whats up with some people... I mention UC and GJ and they go looking for something to suck and asking for their mummy

Good Luck.

.

Hahaha!! Your right people dont get very excited about the usd/chf, I think they might if they realized there is a good chance for major liftoff soon, Im still up 20 pips or so, I'm gonna cash out and wait for fomc, mabey we will get an inverses H&S on this one.

Good Luck as well