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

Originally Posted by cw1

not so good for long termers whom have stops etc.

I had set my stop loss at 1,4366 thinking it was a good margin :-S

nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

Originally Posted by johnpt

I had set my stop loss at 1,4366 thinking it was a good margin :-S

I think there's more of us who share your pain...

I think you're not alone with that

well CW1!no wounder wy you are GOLD member...lol
thanks for your feedback GL

Originally Posted by cw1

Hello New game,
Indeed yes...a spike short and a spike long whilst news played out- Awesome for scalpers but not so good for long termers whom have stops etc. I wasin both short and long , closed the short aand went long on turn of green candlestick. I played it same as NFP day where i play the spikes. I did thisnk this woukld reach 14310 as stated in my post but its close enough for me. I am currently heavy short 14440 on 1 trade and short 14429 on 2 scalp trades tgt 14370 for some scalpers honey --- stops moved plus 1 whilst i scalp and shout... its real close to it now so am shouting !!!!

eur/gbp long 8970 stop 8955 to close and reverse @9040

Intraday long eur/usd 14355 stop 14318

The news that the ECB is extending its US dollar liquidity operations for another year could be a little unsettling... What are they worried about that they're not telling anyone? And why do they want to raise rates at the same time?

Originally Posted by johnpt

What the hell was that sharp decline till 1,4319!?

thats was me when i pressed sell button !!! joking of course but i did sell it. The spike down was part because one of PMs ministers voted no in greece and also the what i call a stop in play where major news announcements cause the mkt to breathe - traders sell off or buy at same time........Same as NFP----- we sould get some direction now

FYI : Rollover charges/credits will be 4x normal today across most pairs due to July 4 holiday.

14330 pivot could be suport here as eur trades down following what i believe an over priced bullish move (for now that is) dark red and green are support/resistance areas
some excelent short and long scalps but mostly short... i waitied until price reached between 14440-14450 to pull the trigger . shes still in an uptrend though and will look or seek a possible long entry if she stays above 14330. There is word out that there is a DNT at 14450 from a big player china. i think maybe one more bounce up and then we could see a serious move down
at momement as you can see clearly 14440/45 is major resistance right now

Originally Posted by New Game

well CW1!no wounder wy you are GOLD member...lol
thanks for your feedback GL

lol, your most welcome, simple is perfect for me, i trade simple set ups which works for me scalp and MT wise.

Originally Posted by Mary R

The news that the ECB is extending its US dollar liquidity operations for another year could be a little unsettling... What are they worried about that they're not telling anyone? And why do they want to raise rates at the same time?

I agree. Something is not right. We are listening to what they say, not watching what they do. The latter will always be closer to the truth.

Have set trades where arrows indicate for smaller size MT trades
bold read and green lines are heavy resistance and support areas...
looking now for smaller 5,10 and 15 min breakout triangles/wedges to play scalps on
still lovin the dollar

Not so obvious on the euro-dollar, although it still applies in slow motion. Better seen on the euro-yen. If you take a look at the 30 minute bars: if you were already short at the drop, as I was, then buy the spike down when it goes between 50 and 618 of the cycle range, because a ridiculously fast move like that is always pulled back by the market. You can see the spike slow right down as a further guide before it starts to reverse. But spikes in the cycle direction always get filled, so when the pair pulls back to about where it started from, sell again (this was on the downside of a cycle when the top was already obviously made earlier). You can see that the spike was filled and the resolution was later exactly on the 618. The same works in an upcycle when the spike is up. On rare occasions, the hedge funds are wrong against the cycle and the spike is a complete reversal and continuation. But you should know what the market direction is, so then don't enter the second trade above-mentioned.

If you follow standard procedure, which is to wait 5 minutes and enter in the direction, you are likely to have your margin dented, and make half the money than trading it both ways.