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

Originally Posted by captester

e or Y

Which is it people one has longer reaching abilities than the other????

I will join whichever is the longer ;-

roger

You probably want to add few more months on your weekly chart to give more edge on your trade. Long term traders probably will look for shorting opportunity on EUR/USD. if this level is broken on EUR/USD, not only 1.47 but also we're looking at break above 1.50. Unless you're holding your position for months, use daily or 4 hr chart for trend direction. --- then again what do I know, I'm not an analyst - just regular trader like you.

Originally Posted by pingpong

target hit on friday close

weekly chart update, looks possible target 1.477?

GL everyone

Not always... overlap session between NY & London is the best. When it's "ugly," the trade is don't trade.

Originally Posted by articx

intraday on New York Time is always ugly... up down up up down up down down up down...

45 pips not so good start for week, I will go cook and imagine more.

Originally Posted by lmrtrader

You probably want to add few more months on your weekly chart to give more edge on your trade. Long term traders probably will look for shorting opportunity on EUR/USD. if this level is broken on EUR/USD, not only 1.47 but also we're looking at break above 1.50. Unless you're holding your position for months, use daily or 4 hr chart for trend direction. --- then again what do I know, I'm not an analyst - just regular trader like you.


Not always... overlap session between NY & London is the best. When it's "ugly," the trade is don't trade.

Hiya, I think you probably know and have more experience than I do, so many thanks for the feedback / advice!

Near term I was thinking of going short at 1.457ish.. (depending with what momentum price approaches that level)

All the best!

Originally Posted by pingpong

Hiya, I think you probably know and have more experience than I do, so many thanks for the feedback / advice!

Near term I was thinking of going short at 1.457ish.. (depending with what momentum price approaches that level)

All the best!

Hi.
vvI don't trade EUR/USD often, but 1.457 could be good idea to go short. March 1995 high is 1.4535. Well even 1.4480 may be possible top for short term

EUR/USD London session review and outlook, April 11 - 2011




Regards

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

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for Elliot Wave experts here i thought i share my chart to see if the count can be valid...


what do you guys think

INVALID IF 1.4580 IS TAKEN OUT

Originally Posted by captester

Nothing has failed boys and girls 2 likelihoods here both come with a similar type of math and it goes a little like this (name the song that line comes out of )

I just stopped back home for a moment or 2 to see how things were progressing so I will give you the short version.

We will be hitting 1.440 maybe even 1.4380 then wave 5

the 1st scenario we hit it now and do 5 right away

or scenario 2 this is only A and we do a B and then C back down after awhile and then 5, either way every wave 5 has its time

Pick your poison and choose it carefully. gonna work a bit more then will be back to play

i like 143.93ish between (143.83/93)

Originally Posted by PoundGuy

for Elliot Wave experts here i thought i share my chart to see if the count can be valid...


what do you guys think

INVALID IF 1.4580 IS TAKEN OUT

Wave 4 is enter into territory of wave 1 = invalidate

got second opinion from expert and am told it dont work like that with the count so back to learn a little more on the waves

Spartan Yah it took the long route and I have 1.4398 but first have to get past 1.4424 which I think it will.


Jaimie was saying 1.4350 but I don't know how he gets that unless this mess we are in is wave 1 and wave 5 finishing up now. I am not sure about that one though but it does stay within some other limits in my count so we shall soon see

Originally Posted by Eska

Wave 4 is enter into territory of wave 1 = invalidate

Thank you maybe i should stick to what is a little easier i just don't seem to get that overlapping business

Originally Posted by PoundGuy

got second opinion from expert and am told it dont work like that with the count so back to learn a little more on the waves

Is good try and broad is the think. Many is confuse with this pattern

Originally Posted by captester

Spartan Yah it took the long route and I have 1.4398 but first have to get past 1.4424 which I think it will.


Jaimie was saying 1.4350 but I don't know how he gets that unless this mess we are in is wave 1 and wave 5 finishing up now. I am not sure about that one though but it does stay within some other limits in my count so we shall soon see

i had that also for last night but i covered early at pivot. thought we might stay stuck in the mud for the day. got a long here from 144.25 just a scalp for 144.4

just look at a daily and 143.50 looks like a good spot for a long. we've moved up a nice bit over the end part of last week. gonna look over demand/support area's after the daily closes.

added a chart from yesterday thats probably what he has as count. wave 4.

PoundGuy: what time frame is your chart