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

Originally Posted by Bari Baig

High probability of premature IHnS failure. "IF" the move executes probability of an early stall out weighs that of full stretch. Expected stall region 3605-12

Lowered my offer to 3604 with SL at 3538. Went long at 3556

Bari,

I love how you spot head and shoulders. 1.3570 is proving a good hold point.

Originally Posted by s_slo87

Bari,

I love how you spot head and shoulders. 1.3570 is proving a good hold point.

Thanks Slo I have actually stopped doing it that often. But model computation isn't coming great for it. Odds still aren't very high. It looks good and perhaps for that it might execute but full stretch, I doubt it

But thanks once again.

New downward channel in Eur?

Originally Posted by Bari Baig

Good stuff Martyman, my model projected a possible IHnS formation about an hour and a half ago nevertheless, an unusual SL, if you believe it to be IHnS, No?

SL was calculated at 1/2 of reward, ~35 pips at the open of trade. Large enough so that I won't get stopped out every half hour like some people around here have a tendency to do Now, SL moved to BE + few pips.

Originally Posted by zion

I still have some shorts. I will add btw 13650/80. I will close 13500 as there could be a bounce there to 13680. I do not expect the present move above 13600 anyway.

closed out shy of 13500. adding new shorts here 13580 stop 13630..to bail after 600 anyway

Originally Posted by martyman13

SL was calculated at 1/2 of reward, ~35 pips at the open of trade. Large enough so that I won't get stopped out every half hour like some people around here have a tendency to do Now, SL moved to BE + few pips.

Good stuff Martyman13 best of luck.

Forum has been awfully quiet since Asian trading today but I see some activity now. LoL I reckon its high time I left

As for my position, offer unchanged put a stop at 3565

Good luck everyone.

Yeah Marty! I had to push myself away from the salad bar too.
Watching the one minute charts will make your eyes water.
There is afterall another world other than forex out there.
I increased my stop and tp points, and resolved not to return till 5 P.M, New York time. I'm still short at 1.3545, but I left plenty of room for movement up or down.
Here's hoping your channel is correct Mary.

Remember the Ichi chart I posted last week? It's stilll looking good and now a red cloud is forming.

Till much later.

Originally Posted by martyman13

SL was calculated at 1/2 of reward, ~35 pips at the open of trade. Large enough so that I won't get stopped out every half hour like some people around here have a tendency to do Now, SL moved to BE + few pips.

back in the bear camp 13590

Originally Posted by Spartan_Forex

back in the bear camp 13590

eurusd is oversold, short term could retrace towards 1.37

E/U seems no top insight ,bottom of short term behind

Originally Posted by stanchiam

eurusd is oversold, short term could retrace towards 1.37

yeah i sold that earlier for almost 20 pips. i just went short again here, just gonna scalp it. thats where i was looking to get short and hold.

Time to go short again, Short sold e/u at 36130

Does anyone have any respect for this uptrend? The drop to near 3500 should be corrective enough for a move up. Or are you people betting on a Reversal?

Think it's necessary to say this again: "Trend is your friend"

nice run up happening here, took profits earlier but thought we would see 1.3450 before the run up, thats okay though as it looks to be another shorting opp around 1.3710 IMO. which is also around the 61.8 area.

gonna look to short around 13680