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

Originally Posted by AyoBro

Its possibly trying to carve out a C/Y of 4 or 2. The choppiness of the rally suggest even thats corrective. But if thats a LD from this mornings high, as in w1 of iii of 3, then a small low to finish the LD then a 50 fib retrace and thats all she wrote. I doubt it personally, with GU attempting to invalidate the daily HAS, so I'll go with more upside to finish a w2/4.

Ayo, if anything I'd go with c of 4 of whatever wave that is. And yes you are right about the choppiness of the rally. That's what's stopping me from beeing more agressive to the long side. I can't see a clear impulsive rally so far but then again I couldn't see it from 1.2858 low when the rally started. Go figure.

Of course it goes without saying it won't stop me from entering the market when I see it's going down close to support. As I said before from VSA point of view I'm bullish both EUR and GBP.

Originally Posted by Bari Baig

Brilliant and I shall mince my words at that for I do not like to repeat what I said too many times

As per my model we have a break and yesterday low could very well be put to test by mid Asian trading session.Have a good one everyone.

Originally Posted by nopainnogain

acting like a friday afternoon. no movement everything is quite. all markets came to a standstill.

Hi nopainnogain,

Had the price action been expected to be swift I doubt my models would have given such a long time to test lows.

As of now it seems momentum would starts to pick up in the next 29 hours.

Have a great day.

Originally Posted by JimboFX

Ayo, if anything I'd go with c of 4 of whatever wave that is. And yes you are right about the choppiness of the rally. That's what's stopping me from beeing more agressive to the long side. I can't see a clear impulsive rally so far but then again I couldn't see it from 1.2858 low when the rally started. Go figure.

Of course it goes without saying it won't stop me from entering the market when I see it's going down close to support. As I said before from VSA point of view I'm bullish both EUR and GBP.

Speaking of support, we have two channels. Wonder which will take precedence.

Update: Another money maker. Channel break lead to some pippage.
Then another channel break. More importantly 50-5m break, is 100-5, 100-15, 50-30 next support/target?
Special shout to Obiwan for learning me the ways of the channel. Stryke for hammering me with TLs. Captain for his 5 & 9s, though I did some tweeking, hehehe.

It gets no better than these channel breakouts. Well...., thats not true.

Just as it says. What a boring session today. Spike to 1.3550 then down to 1.3480 and now at 1.3488. Essentially unchanged from yesterday. I did notice one thing though. Volume has picked up in the last week. Going to be a good fight to hold this 1.35 level this week i see. Who will prevail? Well we shall see won't we?

Can't stand the lethargy. I'll be on the sideline until something exciting happens.
True! It looks like there's a mild downtrend, but nothing to get excited about. Looks like melting Butter or self leveling cement.
Madaam Babushka has a feeling of foreboding. Something big is going to happen. What? She doesn't know!
I could get burned if I tried short or long right now. "Better to wait!", the voice of wisdom whispers in my ear.

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That the downside is being tested and should be broken pretty soon to test 3424 again.

Closed my shorts on eur/usd. Long 13500 target 13800 zone. No conviction by the sellers

Just took a small long for possible 20+ pips. Let's see.

Well i usually hang out in the Gbp/Jpy forum since I trade the GJ and the EU. GJ has been quite boring so I have been trading the EU more and more. I have been a long time reader of the EU forum and it is impressive to see so many of your analysis being correct depending on your timing.

My two pips worth sees the EU breaking down from this current wedge we are in. Seven years of fulltime 4x trading and there are alot of divergences in the overall 4x market that just dont seem to jive with the commodities and equity markets. Things just dont jive right now. In my opinion I believe we are on the verge of another risk aversion rally in the next couple of weeks. I think we will see more sideways market until the next round of corp earnings then we should see the risk aversion kick in. This latest EU rally was the repositioning of the Big Dogs from the sell off at the end of the year. the rubber band was stretched big time through the end of year then it snapped back plus more. It is getting ready for more relief to the downside just in time for Corp earnings.

I am short now as of 1.3535. PO was just hit. I am leaning to the downside and will look for opportunities to get short on any rally.

My two cents

Keep posting the great ideas and charts.

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Originally Posted by FXspeculator

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Hey FXspeculator, how do you have the SPX500 in Marketscope?

hello
nice chart but what do u think of the fact that asian market has not gone south as expected?
thanks

Originally Posted by Chicca

hello
nice chart but what do u think of the fact that asian market has not gone south as expected?
thanks

Hi Chicca, Which chart? The chart in my latest response is just quoted from FXspeculator's chart.

Originally Posted by FXTA

Hey FXspeculator, how do you have the SPX500 in Marketscope?

Well it has always been there... may be you need to ask FXCM, if you don't have them. My account has many world equity indices, including FTSE, CAC, DOW, HangSeng, etc... But i never trade them,