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

good and bad

bad : price is not up

Good: trendline held

Dolar Up or Down?

hmm i would like to go long since the trendline held, but i am afraid of the reaction of the market to the beige book...

Originally Posted by Eska

(04-10-2011 02:07 PM) Euro/USD is good this last two weeks with over 500 pips profit each one. Much time I spend in determine expect and is think that 1..4490/1.4500 begin big volatile and maybe is last 1/2 weeks. Target pips maybe need add positions to hit but stops must be tight or trader patient which ever way trade is, long/short.

This mess is will be for mostly this week certain. Early today I have 7 position open in this but lucky is this dip for me and now I wait while after some profit.

Originally Posted by Spartan_Forex

good and bad

bad : price is not up

Good: trendline held

yes, accepted to bad and good news, that was break down tunnel trend line, down down down.....

Originally Posted by JakeBenjamin

Daily RSI of EURUSD has just hit 74. There is serious over buying going on here.

It sounds to me like a good opportunity to short @ 1.45065 for a short term retraction of about 70-100 pips.

What is the general opinion?

You should exit your positions while RSI(5,3,3) is oversold or price touches low bound of BB at 4h-chart.
In fact, It could be going down to 1.43169 (S2)

PS: RSI of Weekly-chart, daily-chart are divergences and overboughts. Becareful with long positions. It could go to 1.5 (~500 pips from 1.450), but It could retrace to 1.35582 (0.618 Fib) (~ 1000 pips) because It have been going up to 1.272 Fib (from high-Nov-2010 and low-Jan-2011). ratio Risk/Reward give me playing short for next few months.

Monthly-chart : It's going a triangle formation then going up to finish 3-EW at 1.7 for next of few years.
Have a good day

Originally Posted by Ikee

Hi Eska. Would you like to interpret that for us mere mortals??

My think is if keep message short will be more easy understand. All words is simple english and maybe it is you mean explain not interpret yes??? I guess this any way and maybe it is that aligator is make no sense here. This indicator and use 3 MA's ok??? Ask me if more is need here please and I will help maybe later.

Originally Posted by AyoBro

Nice to have back Eska!!!!!!! You go GURrrrrrrrrl!!!!!

Hihihhi thanks. Your charts is fascinate. Some times make my eyes little crazy hihihi

Originally Posted by captester

Stryker are your lines labeled t? potential targets.

You may or may not have explained how your system works or what is more important than others but if you are willing I am listening.

If I am guessing right then your targets are where I suggested it was going over the last few days???

My system is simple. It's not even a system to be truth... It is plain simple trendlines and nothing more. Using 4 hrs for possible day high / low and 30 mins to play in b.w for retraces / bounces and so on...
I just don't know anything else beside the TL's and this is as simple as it can be I guess.
I normally post bigger picture but staying mostly confine to daily basis..
Else this is what i have for a min if the supp gives way...
Today's been slow going for euro and other pairs........
As for your other ?, the break and then offourse the expected tgts which are the area of profit taking or reversing and so on..

GL..

think we'll break that trendline 144.27 looks good with demand from my previous chart last night.

Originally Posted by captester

like nicolas asserted it needs a breath.

of course this could be the start of a complex correction but that will take time to show itself.

I thought I sent you a link for that??? back a few weeks

yup...found it

Originally Posted by Eska

Hihihhi thanks. Your charts is fascinate. Some times make my eyes little crazy hihihi

Sorry about that.

this 4hr trandline matches up pretty good with that demand area. next 4hr candle has 14424 and the one after 14431.

Originally Posted by sebian

hmm i would like to go long since the trendline held, but i am afraid of the reaction of the market to the beige book...

The April 14th G20 Could Keep Currencies on Edge

Thursday 14th of April All day – Meeting of G7: This upcoming meeting of the G7 group which includes the United States, Britain, France, Germany, Italy, Canada and Japan will discuss the Japan disaster and its impact on the world economy in preparation for the G20 meeting the next day. G7 group will also likely to discuss the Euro debit crisis including the debt crisis of Portugal and to try and persuade China to let its Yuan currency to fluctuate more free and not to be pegged to the US dollar;
Friday 15th of April All day – Meeting of G20: This meeting of the G20 will discuss similar issues as listed in the G7 meeting; Read the rest of this special guest commentary HERE

i got a question for people that use divergencies . why do people use them ??? how does it help make a trade ??

Originally Posted by Spartan_Forex

i got a question for people that use divergencies . why do people use them ???

Because I received a divergence flag 1.45155 this morning on the 60 min chart. Tested the level twice and then turned south 70 pips. Not fool proof but in conjunction with other signals it works. I also had a resistance line at 1.4518 so the same range. I could go into a lot more but not sure if that's what you wanted. Don't know how to upload screen shot of my chart.