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

hey Spartan it may be a 1/2 instead of a/b
I preffer 1/2 should put us at 1.4670 area for wave 3 at 1.61

Originally Posted by FXTA

Hmmm, Ireland gets downgraded two notches..

that should be good for a 100 pips up alone in this crazy euro market. lol

this reminds me of the stock market when bad news would come out and the market would rally, as if to say well it could be worse or well it cant get any worse than this.

Originally Posted by Spartan_Forex

that should be good for a 100 pips up alone in this crazy euro market. lol

this reminds me of the stock market when bad news would come out and the market would rally, as if to say well it could be worse or well it cant get any worse than this.

lol you read my mind. I was thinking hmmm.... Ireland gets downgraded... maybe a rally now?. Torpedo of truth!!

BTW, Im careful here, US Markets look tapped out with sideways movement at what looks like long term resistance, not sure if that 2009 bounce is corrective but looks like things could get real bearish, we'll see.

Originally Posted by captester

hey Spartan it may be a 1/2 instead of a/b
I preffer 1/2 should put us at 1.4670 area for wave 3 at 1.61

true i was just looking at the wave numbers (not sure where we really are on them) there's alot of options here.

looks like we got a strong rejection candle now. london opening (game time)

most is going long?!?! at 144.5-144.6? why? I'm just looking from the sidelines, but if i would pick a direction. i'll pick short. don't really know why though.

I guess I won't enter... short. I was thinking heavy short too. Eska has a better knowledge of this then I do.

maybe I should enter 144.7 if it goes back up there.

Originally Posted by articx

most is going long?!?! at 144.5-144.6? why? I'm just looking from the sidelines, but if i would pick a direction. i'll pick short. don't really know why though.

I guess I won't enter... short. I was thinking heavy short too. Eska has a better knowledge of this then I do.

maybe I should enter 144.7 if it goes back up there.

Hey articx, If you are not sure of the direction then there is definitely no problem with sitting on cash and waiting. No trade is better than a losing trade. My own reason for going long was a bullish chart pattern (falling broadening wedge) and a bounce at the daily pivot point. Not sure if you use those but they can definitely help finding areas of support and resistance. If you need more info i would be glad to provide them for you through PM.

Originally Posted by Spartan_Forex

true i was just looking at the wave numbers (not sure where we really are on them) there's alot of options here.

looks like we got a strong rejection candle now. london opening (game time)

Hihihi morning, c of X, v of 1 of 5, or c of D

well my 2 ema's on 5 minutes have crossed up waiting on 15 minute to follow suit (almost there)

broke above 14483 which i had figured was wave 1 down earlier

looking good now. real test coming into the 14500 mark then super triple top 14515

if price holds here (14490) 15 minute emas will cross on next candle.

Originally Posted by Eska

I do close mine as think and then buy it, 30 pips down and 30 pips up and happy I will be to have think again after little sleep. See you later good luck ok

I change limit and put 1.45 will give me think time for determine

Originally Posted by Eska

I change limit and put 1.45 will give me think time for determine

i just took profit here manually, lost 2 pips from fast price movement

out @ 144972

gonna watch and wait here.

Still bearish however, while trending below 1.45.

Still holding 1.4452 and 1.4470 longs waiting and watching for the possible breakout over 1.4500, will wait for the pullback and add another long towards 1.4570-80 area. come on bulls

Originally Posted by looker22

Now we have hit 1.445 38.2% retrace... if it follows the alligator, and hits 1.44339 50%.. Will we see a similar break down yesterday? Eska?

For me is 3 choice. 2 have critical limits about same 1.4520, then is 2 choice but this ok for it will tell me which way when I be watch and listen care full

Schyzophrenic EURUSD !!! :-)

shoulda switched over to short from top for atleast a scalp oh well. grabbed a tiny long from here with stop below tonights low.

1hr candle rejection from top strong red hammer.

15 minute emas turned south quickly
5 minutes emas about to turn if price holds here 65/70