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

Better than Expected US Retail Sales Could Push Euro Higher. However, a Worse Number Could Take it Lower. The number comes out at 8:30 ET.

Originally Posted by leopardtrader

moved stops to BE on Eur/usd and gbp/jpy. stopped out eur/chf 60pips loss.
mounted aud/chf long 8855 stop 8820

closed aud/chf 9000 gain 180pips, gbp/jpy 13205 gain 190pips , Eur/usd moved stop to 14360 locking in 30pips

Originally Posted by Paul Chin

Good evening, fellow traders. Did anyone ever wonder the accuracy of pivot points? My trading platform is capable of displaying daily pivots. So in playing with it, I was fascinated by what I see and thus like to share. First, I create daily pivots to show historical level. Then I plot it on a daily chart. The following is the result:

Attachment 89208

Been straining my eyes to try to identify points that exceed S3 or R3.... hardly. But a lower high, quite obvious

Wht is this `spray paint`` thing on ur chart? it seems quite interesting to me.... can explain a bit?
i was trying to view ur chart but its too small..... mind posting it lil bigger???
Thanks....
~chaudhry~

P.A is Testing the 200MA on one Hr T.F,
Which is also the R1 level for Today, n also The 50% retracement level of the 1.4939 to 1.3965 down move,
break above these levels can take us to the R2 level and further 1.4550,
if P.A doesnt break above then we r heading down, as It seems like Bulls r tired now, n its time for bears to take over.....

Gud luck all
n HAPPY TRADING....

A lowered tight stop limited our trade's loss, but it also restricted the leeway. Failure to break below 1.4415, creates a cushion of support, and higher prices may be in store - taking a step back to allow price action to create a meaningful pattern.

Originally Posted by siltdm

The levels are look to be setting up for another attempt lower, with the proposed count reaching 0.382 Fibonacci retracement levels around 1.4450
A corrective A-B-C pattern should end shortly and take us to lower levels from here. I have sold EUR/USD at 1.4438, with 70 pips stop loss and 70 pips limit.
Attachment 89182
I will update the trade page on the site in the EST morning

Cheers and happy trading
sil
Welcome to TraderMood.com

Apparently there is some type of emergency meeting of EU finance ministers to work out some plan for Greece. If there is any encouraging news that could propel some short covering. Its hard to tell if this is a bear market rally in stocks or the beginning of a new upward trend which could last a couple of weeks

yesterday the high posted around 10:40....today the high posted around the same time and sold off...food for thought.

This seems to be a repeating thing.
Typically around 10:30 est there is a reversal of sorts as London closes their trades. Check it out in the history.

Just curious does anyone have this mess of an upward move as a leading diagonal by any chance, As an alternate from main count or something.

I have looked at material on them and it is never my first option to consider. anyway may primary would be that it is not, just checking for thoughts

Unfortunately I will not be able to present a video today. I will be back tomorrow as usual.

Happy trading!
Alejandro

Originally Posted by chaudhry

Wht is this `spray paint`` thing on ur chart? it seems quite interesting to me.... can explain a bit?
i was trying to view ur chart but its too small..... mind posting it lil bigger???
Thanks....
~chaudhry~

I zoom in for you to see. Daily pivots on a daily chart appearing like spray paints. Cool......

Originally Posted by Gregory McLeod

Better than Expected US Retail Sales Could Push Euro Higher. However, a Worse Number Could Take it Lower. The number comes out at 8:30 ET.

Euro made it down to a low of 1.4413 before it made a sharp move to the upside around 10:00 AM. US Business inventories came in lower than previously but the Federal Reserves bought $3.2 billion in U.S. Treasury debt during its Permanent Open Market Operations (POMO) This happened at 10:15 AM. The US equity market and risk appetite were rekindled. Euro spiked to a high of 1.4488, AUD/USD spiked back above 1.0700, and GBP/USD spiked to 1.6447. Fed chairman Ben Bernanke speaks this afternoon on "fiscal sustainability." at 2:30 pm ET so be careful as his words are known for roiling the markets; don't get 'Bernankeed'.

It's honest to share with the most famous forum topic online with 10 Million views

scalped 32.4 pips today on EUR/USD..have a position in the USD/JPY in the green by 34 pips. Going to hold long here for a while looking for a break above 81 and eventually to 82 in coming weeks.

What is not dropping is rising...
Or what is not rising is dropping ?
I choose the first one

i have placed a short at 14495
stop moved to plus 1.
Not sure if this is where price will rollover but my current idies are showing me next move is down......Small TF for now...always a scalper....with a little bit of Medium term trading !!!