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

Originally Posted by New Game

Hello everyone
can anyone help me with this problem
i can't open chart from my station 2
is that from my pc or station?

Hello New Game,

Did you try pressing the keyboard combination " CTRL + N" or "CTRL +M"? From your task bar where the FXCM logo is located do you see a yellow "$" when you move your mouse cursor over the logo?

Uninstalling the trading station and reinstalling it may be your next step.

This is my outlook for today,
S1 1.482s
S2 1.4796
S3 today`s Pivot level.

Before a rise up price goin to test these levels, S1 just broke as im typing, lets see if S2 holds,
n then Long to atleast 1.4950
On The Trading Station chart, THE ARROW WITH ``NEXT SUPPORT`` is exactly where the 21 days MA is falling.

Happy trading...........

Straight from my dude asherewt, 'The trend is your Friend'. He says whassup to you folks.

What a day yesterday, first allow me to take an opportunity to thank all of you who post your thoughts and charts. I find them helpful and insightful and appreciate the thoughtfulness and time you spend posting. Now on to today. We have dropped back from the highs a nice amount. I find this in neutral zone for me, which is to say I don't have a feel from here if we go down to 1.45 or up to 1.50 so any thoughts?

EUR/USD April 28 - 2011

There is no question about the trend in the EUR/USD, we are in a firm uptrend and we will look to buy into it. Right now a healthy correction is taking place and given that the candlesticks look heavy and big in the 30 min time frame we prefer waiting until a trend change occurs in the 5 min time frame.
If a trend change in the 5 min time frame occurs above 1.4650 (will probably happen around 1.4750) then this will probably mark the low of this session and we expect the EUR/USD to trade higher and reach 1.49 in the next session.


EUR/USD 30 min chart





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


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[B]

EUR/USD 15-Minute Chart: US GDP Could Accelerate Euro Decline or Renew Uptrend

EURUSD : remember my daily chart from a few days ago motive & corrective . this is motive from 6/7 we are still in w13,so if we just completed w13, then we would have some sort of A,B.C, corrective for 16 waves, then x5 which would have 5 sub waves to give us 21w to complete cycle. ( this cycle from 6/7 wx2 was not deep so this ,if wx3 is complete, could be deep or consume time sideways for wx4.)

about to head to 4765-70 which should be holding if this intend to make a run back to the highs and to stop from daily turning bearish or to negate the possibility of a dogi..

GL...

Originally Posted by stryker

Most imp rules for newbies.. Start embracing stop losses........... U do that profits will start embracing you..
As for where this could head to now, its has broken thru to the north from its ranges. IF it is not back under 4680 in a day or two it might get painful for you as I'm assuming you are short on this pair..

4727-60 was a critical break as it confirm the previous 2-3 months range is broken when the price initially crept over 4716......
Possible stall point on euro for the retrace to perhaps around 4770, b4 next leg up as an ideal scenario now....

GL..

words of wisdom
as usual agree with your thoughts. buy dips until the market tells you otherwise. otherwise for me on this up trend is a sign of capitulation which i see nowhere in what has been very orderly run up.

too many thinking that there is no basis for current euro strength but market does not have logic nor is it governed by laws of physics stating such and such level is too high / too low. the market will go where the market will go, the only thing i can do is maintain my RM/MM.

PEACE to you stryker

Originally Posted by nopainnogain

EURUSD : remember my daily chart from a few days ago motive & corrective . this is motive from 6/7 we are still in w13,so if we just completed w13, then we would have some sort of A,B.C, corrective for 16 waves, then x5 which would have 5 sub waves to give us 21w to complete cycle. ( this cycle from 6/7 wx2 was not deep so this ,if wx3 is complete, could be deep or consume time sideways for wx4.)

Yes. 1 more high to complete wave 3.

Originally Posted by analyzer

words of wisdom
as usual agree with your thoughts. buy dips until the market tells you otherwise. otherwise for me on this up trend is a sign of capitulation which i see nowhere in what has been very orderly run up.

too many thinking that there is no basis for current euro strength but market does not have logic nor is it governed by laws of physics stating such and such level is too high / too low. the market will go where the market will go, the only thing i can do is maintain my RM/MM.

PEACE to you stryker

Thnx........ Perhaps intead of debating Euro should be heading lower or falling one must take a peak at the USD Index..... Maybe euro wants to fall but the USD Index is preventing it from...... Hence if no fall then a rise.......... Keeping it simple that is........
Peace to you too my friend and happy trading...

GL..

Originally Posted by stryker

Thnx........ Perhaps intead of debating Euro should be heading lower or falling one must take a peak at the USD Index..... Maybe euro wants to fall but the USD Index is preventing it from...... Hence if no fall then a rise.......... Keeping it simple that is........
Peace to you too my friend and happy trading...

GL..

YES, agree this is DOLLAR weakness trend and not euro strength story. KISS is my mantra as i am a simple tape reader and other methods too complicated for me.

Originally Posted by Eska

Yes. 1 more high to complete wave 3.

This 15m picture. Count is little more bullish than alt1, and is would see now wave v, alt1 would be expect wave b. Is possible EF to complete c/iv or maybe is all ready complete. Long positions is secure in profit any way.

Originally Posted by nopainnogain

nnnnnnnnnnnnnnnnnnnnnnnn

In smaller picture clear is there 5 zig-zags in correction in question, for me this is triangle.

Eska: on 15 min. could we be working on B, (triangle think you are correct, i just could not get the labeling kept changing my mind & finally gave up.could you drew it out would really help thanks.