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

Originally Posted by bill2759

Cluck,cluck, cluck!
Market started to act funny around 1.3925. So I bailed with 50 pips.
I'll probably regret it. I almost always do. Still, not a bad few hours. I'm a happy camper.

Never regret making a profit. I hear you and have done the same thing. But you made a great call, made a nice profit. Well done!

Originally Posted by bill2759

Cluck,cluck, cluck!
Market started to act funny around 1.3925. So I bailed with 50 pips.
I'll probably regret it. I almost always do. Still, not a bad few hours. I'm a happy camper.

Hey you got 50 pips. Be happy. It's better than losing 50 pips.

YEN:::This is what i read...

Already saddled with debts twice the size of its $5 trillion economy and threatened with credit downgrades, the government is discussing a temporary tax rise to fund relief work.

Analysts expect the economy to suffer a hit in the short-term, then get a boost from reconstruction activity.

"When we talk about natural disasters, we tend to see an initial sharp drop in production ... then you tend to have a V-shaped rebound. But initially everyone underestimates the damage," said Michala Marcussen, head of global economics at Societe Generale.
Ratings agency Moody's said on Sunday the fiscal impact of the earthquake would be temporary and have a limited play on whether it would downgrade Japan's sovereign debt.

Risk modeling company AIR Worldwide said insured losses from the earthquake could reach nearly $35 billion.

The Bank of Japan has said it would pump cash into the banking system to prevent the disaster from destabilizing markets.

It is also expected to signal its readiness to ease monetary policy further if the damage threatens a fragile economic recovery.

Finance Minister Yoshihiko Noda said authorities were closely watching the yen after the currency initially rallied on expectations of repatriations by insurers and others. The currency later reversed course in volatile trading.

GL..

Originally Posted by Spartan_Forex

i also see the 5waves complete on a small time frame. the 5th wave was 1.618 of 3.

looking a weekly chart i'd say were gonna be testing the november highs this week or by next week. with fridays price action im gonna be betting this week. I also think us markets will make 1 more new high to smack the shorts in face 1 last time before a meaningful correction or plunge occurs.
drawing a trendline on a weekly chart from the 160 highs to the 150 highs brings that november high 142.80 into play very soon. i expect that we'll break it and thats when everyone and they momma will turn into a euro bull, then after a few weeks i say the bottom falls out. plays along well with my time frame that the euro will tumble by summer. gotta love those currency swaps.

i still dont know how to upload a chart on this new layout so i hope my description is easy enough to understand.

I'm not sure about the wave count, so I have no comment.

But I do see a retracement very short term, and then a further extension of this bull run. I hope to play it both ways until 1.4250, time providing that is.... But if it happens this week, I will seriously be dancing a gig since my conversation with Paul "coming soon to a theater near you" would be correct. This would be my first "time" based prediction coming true. I struggle with time in ways I can't even begin to describe! Help me out here my fellow traders, let's see 1.4250 by Friday.

But anyway,

i still dont know how to upload a chart on this new layout so i hope my description is easy enough to understand.

You can revert. Go to your profile and look for the "general settings" hyperlink. It's at the top of the screen in a grey colored bar underneath an orange colored bar. Once there you should see an option towards the bottom of the page for "enhanced attachment uploading", you want to turn this feature OFF. This will put you back to something you recognize, a close second of sorts.

Happy Trading,
t3t4

thanks for the info gonna check it out.

Originally Posted by Paul Chin

Just sharing a view of EURUSD using 4h chart. Note that this is not a trade recommendation. Each square is 50 pips and are profitable both ways, and vice versa, depending on your stop loss, of course.

Using a combination of volume information, as well as trying to pick up the rectangle timeframe from Bari, and using my super-duber indies (don't ask me please), determine the A from 3252 to 3869, B from 3869 to 3422, and currently in C from 3422. This view remains valid as long as the rising support trendline (currently at 3524) is not touched. Rectangle suggests that 4051 may be attainable around early Mar 2011 (around 3rd March).

How interesting!

Bari, what do you think of the rectangle?

Originally Posted by t3t4

I'm not sure about the wave count, so I have no comment.

But I do see a retracement very short term, and then a further extension of this bull run. I hope to play it both ways until 1.4250, time providing that is.... But if it happens this week, I will seriously be dancing a gig since my conversation with Paul "coming soon to a theater near you" would be correct. This would be my first "time" based prediction coming true. I struggle with time in ways I can't even begin to describe! Help me out here my fellow traders, let's see 1.4250 by Friday.

But anyway,



You can revert. Go to your profile and look for the "general settings" hyperlink. It's at the top of the screen in a grey colored bar underneath an orange colored bar. Once there you should see an option towards the bottom of the page for "enhanced attachment uploading", you want to turn this feature OFF. This will put you back to something you recognize, a close second of sorts.

Happy Trading,
t3t4

I've already predicted 4051 in Mid Feb 2011. That's a 600 pips prediction, which materialize at the exact time range (early march). Your constant view of 4250 has no meaning at all to me. Even my view, I declare it as untradeable, because it's not within my trading timeframe. Some longer term players would already made that already.

Professionals don't talk like you. Try to show some charts and analysis to support your views. Be a bit more scientific.

And 4250? Based on my analysis from Mid Februaury' 2011, I declare it Nonsense!

Originally Posted by Paul Chin

I've already predicted 4051 in Mid Feb 2011. That's a 600 pips prediction, which materialize at the exact time range (early march). Your constant view of 4250 has no meaning at all to me. Even my view, I declare it as untradeable, because it's not within my trading timeframe. Some longer term players would already made that already.

Professionals don't talk like you. Try to show some charts and analysis to support your views. Be a bit more scientific.

And 4250? Based on my analysis from Mid Februaury' 2011, I declare it Nonsense!

Well good for you, since I made my call back in January which has shown 1000 pip+ so far, what are you complaining about?

Professionals don't talk like you. Try to show some charts and analysis to support your views. Be a bit more scientific.

Yeah, I know. Maybe it has something to do with the attire? See, I wear sweat pants and a T shirt so I can be relaxed and breath all the way around. But "professionals" wear a suite and tie, the suite restricts the body while the tie chokes off the airway. Hmmmmm, maybe that's the difference, or maybe I just don't care, lol.

Ya see, I could prove to you the color temperature of the sun is blueish in nature, but you would still argue the sun is yellow. I've shown enough times that 2+2='s 4, but if you choose to believe greater than less than, well, how can I work with that "nonsense" you declare? I really don't know what to tell you here. You've been given the blueprint I use myself, you've seen the results, how may I serve you better?

All the proof in the world can not open the eyes of a closed mind. So what's the point?

Happy Trading,
t3t4

T3T4 Kiss your 1.4250 Good bye......Never gona see it not this year!!!!

T3t4 your analysis is to narrow you do not take in account the weight of other pairs.

Gaps everywhere, are we going to fill the gaps today?

Originally Posted by piri

Gaps everywhere, are we going to fill the gaps today?

GU gap closed very quickly.......eur on it way....almost there now......my wife keeps hearing me talking gaps......she just walked into my office and asked me to filll her gap..........the gap in her purse that is!! lol....happy trading

So T3t4 where are you are you going long here or short.....????????

Ayo what about you long or short?????

CW long or short????

Paul Long or Short????

Sparton long or short???

Slo long or Short ??????

Originally Posted by MoneyInc.II

So T3t4 where are you are you going long here or short.....????????

Ayo what about you long or short?????

CW long or short????

Paul Long or Short????

Sparton long or short???

Slo long or Short ??????

Hello There........Im short Money.....from the tip of the gap closed out at 920......im scalping shorts heavy on 5 min lower highs and lows......

Originally Posted by cw1

Hello There........Im short Money.....from the tip of the gap closed out at 920......im scalping shorts heavy on 5 min lower highs and lows......

dont lose any pips in the range that will occur at 1.3890 to 1.3880 area if we get there!

well I guess I will go and see Matt Russell in the live trading room....let see what he has going on....