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

short. at 1.4465. Trade long term. stop 30 pips.

Originally Posted by MysticMegatron

cheers - do you have VBA to sort the formatting? if so can you post the code?

What's VBA?

Many eggs are hot may be lost but will pay off pacincia I hope that what you are seeing now this seems like a yoyo but it is expecting a bullish but short tendence

Originally Posted by obahlouli

Do you have a link or a document where your strategy is explained?

You seem like a great scalper and I would really love to have a look at your strategy and test it!

Also, what source do you use for S and R lines/values for the 1 and 5 MIN timeframes?

It would be much appreciated

Well my strategy is simple, Buy at Support , Sell at Resistance,
i use Moving averages and t.ls for Support n Resistance levels, Along with some oscillators like stoch n Rsi, and some momentum indies like MACD, with fib and Pivot points, putting all together, u get a perfect system for scalpin n trading,
yea n top of that lil bit of luck,
SnR levels defined well, n u can make real gud pips both ways,

But Scalpin is an ART n its not everyones cup of tea, it really needs alot of practice to master, its not just the system but the intuition tht u get from price action tht gives gud pips.....

I hope it can help..
GUD luck n HAPPY TRADING...
~ chaudhry ~

Saved by taking out the immediate target and sitting back and chilling till the picture got clearer ...
And now so it seems the lady is out of the mess in that region and the myriad trendlines that could be drawn through it

Overall seemz bullish above the green trendline on the Daily
But i would still prefer to play price levels strategy ...an hourly close above/below the levels for a long/short call resp.

Currently long @4450 for a target of 4485 and then 4535
SL: 4420

Originally Posted by Sang_froid

Sorry, just posting the old chart ....reason to believe we are approaching 3700 in the long term
below the given trendline
currently the price is flirting with the trendline @ 4120
immediate target 4040/60 on an hourly close below 4110

Originally Posted by chaudhry

Looks like Bearish outlook on USDX daily, 8hr n 1hr,
Daily:
Looks like a rising wedge on daily, break below the lower t.l or 73.650 will confirm the down side move,
8hr: Looks like a bearish flag and A triangle ,
1Hr : looks like a H n S pattern, with two valid necklines, im favoring more the Lower Neckline,

P.A is at the 21 MA Support on Daily and 8 hr, and 100 MA on 1hr which is 74.566,

Lets see how it plays out next week,

Gud Luck ALL n
HAPPY TRADING...
~ chaudhry ~

As expected........


GuD LUCK ALL n
Happy trading..
~ chaudhry~

Originally Posted by s_slo87

What's VBA?

its the language that people code macros in in excel. could be written to format the .csv file

not to worry, thanks for the link

Well I have not thrown a chart up for a while because the price action was special to say the least. Now though I believe it is showing its hand. This is my primary count which will soon prove itself invalid or be a pleasant ride south.
Note the c vs A fib line that is the target. Above wave 2 @1.45364 this specific count becomes invalid.

Also any wave counters have a tip or pointer er such let me know

I have some updates at Dhan's Journal of page My Forex Trading Journal

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Originally Posted by captester

Well I have not thrown a chart up for a while because the price action was special to say the least. Now though I believe it is showing its hand. This is my primary count which will soon prove itself invalid or be a pleasant ride south.
Note the c vs A fib line that is the target. Above wave 2 @1.45364 this specific count becomes invalid.



Also any wave counters have a tip or pointer er such let me know

I have similar but not expecting a retest of lows until we hit 14750 (i.e. C=A on the 4hourly) below:


The point b on the 4 hourly above is important as this is just before S&P's US downgrade and significantly changed the personality of the correction IMO.

H1, 1 day and 1 month below:

Attachment 94433
Attachment 94435
Attachment 94431

longer term, i think we're retesting the highs before we go lower. I think the 160 [X] is more likely on both technicals and fundamentals.

Any thoughts on this post wd be appreciated

Originally Posted by jolopino

short. at 1.4465. Trade long term. stop 30 pips.

4464 has no doubt been the point i was looking for, but pierced to it makes me believe there is one more possible push higher.......

4498-4501 completes the test and we perhaps drag lower to testig thr 4390-95 lvl to retest the breakout lvl..
however i will stay confuse whether the actual breakout is 4355 or 4390ish......
In anycase retest and a bounce is where the life will be given to the bulls.......
though since we been ranging for a long time, we perhaps simply stay bullish and head to higher ground without retracing too much..
I would like a retrace as i have been out mostly around 4462 and still holding some...........
EC showed some real love today and there is a possibility it could head to 1690-1705 b4 given a nice retr ot perhaps making a temp top..
On 8 hrs chart on EC confirms the top but 4 hrs has room to run if today's top can be taken out i would expect 1692 test as a very possible scenario...

GL..

GL...

Originally Posted by MysticMegatron

I have similar but not expecting a retest of lows until we hit 14750 (i.e. C=A on the 4hourly) below:


The point b on the 4 hourly above is important as this is just before S&P's US downgrade and significantly changed the personality of the correction IMO.

H1, 1 day and 1 month below:

Attachment 94433
Attachment 94435
Attachment 94431

longer term, i think we're retesting the highs before we go lower. I think the 160 [X] is more likely on both technicals and fundamentals.

Any thoughts on this post wd be appreciated

Appreciate the response and the counts, must whipper-snip before in-laws arrive then fix boat tire and will look counts over closely. Also with 4 th waves in play should be some time before the real action starts one way or the other. It will keep my eyes for a different possibility for sure


The divergence on the AO makes me think this is about to turn, at least for some movement

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Originally Posted by captester

Appreciate the response and the counts, must whipper-snip before in-laws arrive then fix boat tire and will look counts over closely. Also with 4 th waves in play should be some time before the real action starts one way or the other. It will keep my eyes for a different possibility for sure


The divergence on the AO makes me think this is about to turn, at least for some movement

yes maybe test Strykers T2 again. alternation would suggest that iv of iii will be a larger drop, as ii of iii was a flat

the thing with EURUSD at the moment is its not falling, despite everything that happens - and what can't go down must go up. look at the hangmen candles on the monthly chart