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

Finding support for a possible continuation move up. still favoring 1.4400 - 1.4500 area. Still holding long 1.4110.

Originally Posted by Eska

dhan1163, Is you make me think and is Eska have little laugh. My friend he is much fussy and is we has to buy tea called PG Tea (English tea) for if he is come he always is ask if its PG and is say ' if it aint PG it aint tea' so is we buy for him special so he no moan. You is make me think about this and is my think that 'if it aint 1 2 3 a b c with no 4 into 1 and no 2 above start then it aint EWT' hihihihi

Thanks, That's right, Eska. It's my theory. I try to understand chart by my theory. Then, I try to explain it in EWs context combin with current analysis. EWs theory doesn't explain why there are 3 up, 2 down?

Originally Posted by dhan1163

Thanks, That's right, Eska. It's my theory. I try to understand chart by my theory. Then, I try to explain it in EWs context combin with current analysis. EWs theory doesn't explain why there are 3 up, 2 down?

Is it be need to know why is after sun come moon and after moon is come sun?????????? Some times is better to just be happy when it is we know one will be come after one other (smile)

Originally Posted by stryker

Possible HNS on 4 hrs on Euro.
A break of 4166 and this up move will be lost as it may seen.
A bounce initially off 4178-80 and 4366 possible b4 the day ends..
GU if breaks 6090 would find some decent supp around 6040.......

GL..

stryker i have a question for u.... HEAD N SHOULDER pattern is a REVERSAL chart pattern? it usually happens at the top or the bottom of the trend. right now on bigger T/F we r in a down trend, so it suppose to be INVERTED H n S, not H n S as u mentioned isnt it?
Correct me if im wrong....
GUD LUCK n HAPPY TRADING.....

Originally Posted by Eska

Is it be need to know why is after sun come moon and after moon is come sun?????????? Some times is better to just be happy when it is we know one will be come after one other (smile)

I'm very curious. I'm a researcher. I'd like to understand problem's origin. I'm very happy to find out something,...

This is some results of E/J. by positive correlation with E/U. E/U is trying over 50-SMA of daily chart . Then, E/U up and down around SMA. E/J was follow up and down while E/J is going up. then, play long E/J. exit While E/U close or hit SMA. wait then long again,....It looks like They are swimming. Base on these, I was a scalper,...

Originally Posted by FXTA

Finding support for a possible continuation move up. still favoring 1.4400 - 1.4500 area. Still holding long 1.4110.

Check my previous post. 3-EW 's target of monthly-chart is at 1.7

Originally Posted by dhan1163

Check my previous post. 3-EW 's target of monthly-chart is at 1.7

1.7 is a long way but its a possibility, until E/U crosses back above the previous supporting trend line, im looking to sell. The USD looks like its ready for a good uptrend as extended US Equities look to tumble IMO.

Greetings all,

I'm not watching the news and certainly don't care to hear about it, but rather the rain which has been bringing me down in spirits, I hope at least some of you have the sun on your side.... I want desperately to be away from this box, so desperately in fact that I've been cleaning the house as a "tide-me-over" until the sun finally shines again. But and too, here is a longer term view of what you guys are playing with here FOREX wise.

Make of it what you will, 4hr, daily, weekly charts below in that order:







The initial trade was me calling the shots, the second trade was/is the MA_ADVISOR doing it's job automatically with no intervention on my part. As previously stated, I use 200 pip stops, if and when I use a stop at all. Yeah I know it's a gray area talking about stops and how to do and what to do, and when to do it yada yada. It's all up to you, play any way you like as long as you have fun while playing. But I was being sarcastic a couple days ago when I said 1.7000 is never gonna happen. I don't have a call or a prediction of my own, but I thought it would be interesting to back up some of the other seasoned players. Well, you can see my words had no affect and the world did what it always does.

So I am not "BERNANKE jr" for those of you thinking so.

But yes, 1.7000 is not only possible, but quite likely. The USA has spun itself into a state of affairs that "CANNOT" be un-done! I've said this before, I've shown this now many times over, you guys can believe whatever you like as long as you understand that belief does not equal fact! So what does it all mean? Honestly, I couldn't care less right about now. This is break time for me, the world can just sit and wait until I care again, usually somewhere around mid/late summer. But for you techies out there, note the charts I posted above. The charts and the indicators are looking very consistent given their respective time frames. I just wanted to point it out and say "what's up" in the process.

So there you have it and as always, Happy Trading.
t3t4

Originally Posted by dhan1163

Check my previous post. 3-EW 's target of monthly-chart is at 1.7

Hi. Would you like to post a chart showing that. I like to trade trend channels but I'm not too hot on working out EWs. I have 3 topping out with a top at 1.4940 OR a possible move to 1.5050 on the monthly. ??????? your comments would be welcome. Cheers.

Hi. My neural net is bullish for the day. Support at 1.425. No guarantee whatsoever...
Update after officials speak (I hate that) : still bullish, now support at 1.421

EUR/USD May 19 - 2011

EUR/USD will most likely create its low of the day at around 1.4240 and we expect price to reach 1.4330. However we will remain bullish as long as price trade above 1.4200.


EUR/USD 30 min chart



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


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[QUOTE=Alejandro Zambrano;810325]EUR/USD May 19 - 2011

EUR/USD will most likely create its low of the day at around 1.4240 and we expect price to reach 1.4330. However we will remain bullish as long as price trade above 1.4200.

Your posts are on the button. Yesterday i was short following lower highs down and then took my profits and waited for my 5 min trend change to appear via a confirmation of higher low on the turn. I then was able to trade it back up following higher lows and highs which has been my preferred trading set up for a good few years now. so whilst i am scalping the living daylights out of oil and eur/usd, I am also able to trade longer using the 5 min and 30 min TF system. You deserve more recognition from this forum and keep up the excellent coverage of this pair. Nice job well done , good drills

EUR/USD 4-Hour Chart: Inverted Head and Shoulders- Target 1.4574 (Building on Chaudry's nice insight and diagram!)

Watch out ! My neural net says to look at the November 22th. Exactly the same configuration in the 5 previous days, same potential scenario. Everything was bullish. Then at 12:30 CET, it dropped like a stone.
You never know, but personnally I will close my pos juste before and wait...

Originally Posted by Cosco

Watch out ! My neural net says to look at the November 22th. Exactly the same configuration in the 5 previous days, same potential scenario. Everything was bullish. Then at 12:30 CET, it dropped like a stone.
You never know, but personnally I will close my pos juste before and wait...

Can you be more specific? The 5 days the same in terms of a sideways trading pattern? Drop as in EURUSD dropped? Just need a little help for those of us too lazy to go look at 11/22