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

This is far less then my preferred method of making a point, but it still brings to light a basic price and concept, therefore I have decided to post it here. Bring your fly swatter, but pay attention as best you can. This is real and it completely affects the core of this financial machine! This is only one of many reasons why I say Obama or no Obama makes no difference. The damage is done!

Retirement Millionaire

Focus on the people, watch their reaction and trade accordingly.....

Nearly every time I strayed from the herd, I made a lot of money.
-- Jim Rogers

If you run with the herd, you have a much higher risk of being trampled.
-- Warren Buffett

I love these statements above!

But that's not the point, below is what I'm talking about:

Fight the Fed: This Could Be the Most Profitable Trade for the Next 3 Years | InvestingAnswers

Make of it what you will, but do your homework first!

Happy Trading,
t3t4

only 2 trades so far what about you guys?

100 over 100

EUR/USD is currently in a difficult position.A likely scenario is this in which we haven't reached the end of wave 4 and we're in a triple three.If wave 4 is over then we're likely to witness a upwards move for a also likely impulse wave after the ending of wave (II).

Originally Posted by Tchock

EUR/USD is currently in a difficult position.A likely scenario is this in which we haven't reached the end of wave 4 and we're in a triple three.If wave 4 is over then we're likely to witness a upwards move for a also likely impulse wave after the ending of wave (II).

Your so right mate. the weekly chart has higher lows n lower highs. Could go anywhere.

Originally Posted by Ikee

Your so right mate. the weekly chart has higher lows n lower highs. Could go anywhere.

Ozzie also at the cross roads. Cable looks the safest trade tonight.

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Without a doubt, EUR/USD is now in a range with a long term structure which suggests that EUR will go up.For the moment we'll have to wait for the price action and relate it to what the dollar index is up to.In a broader analysis on Gann Master Forex we can see that it's very likely that the dollar index might retest the previous lows,but for the moment we should keep one eye on the graphic dates and one eye on the fundamental ones.

CME Raises Gold Margin Requirements by 22% Along With Swiss Franc And Other Currencies- This could provide downward pressure on gold as such margin increases did to silver.
http://www.dailyfx.com/forex/fundame..._Pullback.html

Originally Posted by Gregory McLeod

CME Raises Gold Margin Requirements by 22% Along With Swiss Franc And Other Currencies- This could provide downward pressure on gold as such margin increases did to silver.
Forex @ DailyFX - Crude Oil to Rebound with S&P 500, Gold Positioned for Pullback

ahhh good cos i been shorting this from 1810 and boy oh boy is this a tough one
theres a gap 1676 areas-----

Originally Posted by cw1

ahhh good cos i been shorting this from 1810 and boy oh boy is this a tough one
theres a gap 1676 areas-----

Nice, as people come into their desks and read the news from overnight, we could see a big liquidation to avoid margin calls.

Banks in Asia cuts credit to French Lenders. Exclusive: One bank in Asia cuts, others review credit | Reuters

How Forex Traders Can Take Advantage of the Stock Market Crash? David Rodriguez breaks down a game plan HERE

My scalpin results for the day so far....
10 successful trades out of 14 trades, banked +66 pips so far,
Still NY session to come....

Quick 4hr chart ,
P.A testing the lower t.l break below n we will hit todays S 1 level at 4095,

GUD LUCK ALL n
HAPPY TRADING...
~ chaudhry~

Originally Posted by chaudhry

My scalpin results for the day so far....
10 successful trades out of 14 trades, banked +66 pips so far,
Still NY session to come....

Quick 4hr chart ,
P.A testing the lower t.l break below n we will hit todays S 1 level at 4095,

GUD LUCK ALL n
HAPPY TRADING...
~ chaudhry~

Nice work! I can see some trades limiting out in less than 10 minutes! Sweet indeed. I am admiring your handiwork. This volatility is fantastic for scalping.
I did a little "old school" Pip and Running" myself this morning