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

3662 supp extending to 3649
3726-30 break require for a 3770ish show and possible shorts on a failure and would love if goes accordingly...

GL..

There's "offers" at 20-25 . . . but that was an hour or so ago . . . would prefer gap fully plugged back to .3741 but we're close enough to call it filled.

Originally Posted by stryker

3662 supp extending to 3649
3726-30 break require for a 3770ish show and possible shorts on a failure and would love if goes accordingly...

GL..

Originally Posted by tiktok

There's "offers" at 20-25 . . . but that was an hour or so ago . . . would prefer gap fully plugged back to .3741 but we're close enough to call it filled.

15 mins resis 3726 and 30 mins to 36.. took longs on euro and aud for 100+ pips earlier.. so now on added like to see if we can hit the mark..
on a bigger picture this 4 hrs play is in..

GL..

Nice one Mr Stryker . . . got RSI/BB on EUR/USD for a quick "nifty" pips earlier but don't trade the AUS as spread to wide for my game.

Have a great day . . . never could fathom how you create your T-lines but always take great note of your targets . . . keep up the good work :-)

Originally Posted by stryker

15 mins resis 3726 and 30 mins to 36.. took longs on euro and aud for 100+ pips earlier.. so now on added like to see if we can hit the mark..
on a bigger picture this 4 hrs play is in..

GL..

Divergence is begging on m30 200 MVA. bearish?

Originally Posted by tiktok

Nice one Mr Stryker . . . got RSI/BB on EUR/USD for a quick "nifty" pips earlier but don't trade the AUS as spread to wide for my game.

Have a great day . . . never could fathom how you create your T-lines but always take great note of your targets . . . keep up the good work :-)

never could fathom how you create your T-lines lol.. makes 2 of us.......... cashed mostly around 3736 and looking for 3777-82 to take profit on remaining and hit shorts back ..

Supp 3662 and declining about 15 pips every 4 hrs so 3662 supp only for today more likely.. 3782 resis.. and EG completed the up move on 30 mins resis at 8737.......... GU hrly channel top 5752-56 possible but true resis for today and earlier 2moro around 5786-93..
AUD 10335-40 for today if it can have a good run higher and 10395-10410 expected for 2moro..
Interesting on the 4 hrs is that if the price can close above 3780 upcoming resis then it would be within a upper band where if 3780 can provide supp have an expected of 3960ish for 2moro.. Offocurse a big if...........

GL..

Originally Posted by stryker

never could fathom how you create your T-lines lol.. makes 2 of us.......... cashed mostly around 3736 and looking for 3777-82 to take profit on remaining and hit shorts back ..

Supp 3662 and declining about 15 pips every 4 hrs so 3662 supp only for today more likely.. 3782 resis.. and EG completed the up move on 30 mins resis at 8737.......... GU hrly channel top 5752-56 possible but true resis for today and earlier 2moro around 5786-93..
AUD 10335-40 for today if it can have a good run higher and 10395-10410 expected for 2moro..
Interesting on the 4 hrs is that if the price can close above 3780 upcoming resis then it would be within a upper band where if 3780 can provide supp have an expected of 3960ish for 2moro.. Offocurse a big if...........

GL..

this is place where my ABC correction can finish

Originally Posted by MysticMegatron

Hi Mary,

I agree with your last point and as a result think its unlikely that they will do QE3 now (although i think this is one of the harder meetings to predict). However, at Jackson Hole, Bernanke urged the politicians to do something to stimulate the economy, saying that it cannot just be the Fed that supports it, but we only seem to get political gridlock and this may spur him to take the responsibility on himself (depsite Obama's jobs stimulus). He believes that history will blame the weak economy on the politicians inaction and as a result may be more gung-ho with his policy. Furthermore, there are a number of advisers around him who are of the opinion that inflation should be tolerated at a higher level, at least in the medium term, and this may alleviate some of the barriers re. inflation. I also think that he is of the opinion that QE does work, given what hes alluded to before about its consequences, and hes said before that they will do more if necessary so i don't think the fact that there is no 'proof' of its consequences is a major barrier either. Finally, if he thinks these budget cuts are going to be coming in stron towards the end of the year, he might want to get a headstart on loosening (6 month lag for effects??)

Do you know what, i've been thinking about this all day and i'm now of the opinion that we will get a move up before the meeting tomorrow: with the recent coordinated USD action encouraging the bulls ahead of the press conference. Bernanke has been a do-er when it comes to QE and traders are going to hype that up. This would also help to give us the C wave that Szaman has predicted, although i'm unsure about it getting to 13960 until the inevitable volatility during the meeting itself. In addition, we've got the strong trendline of the impulse down to deal with (Stryker's target i believe).

Originally Posted by paul007

hi, wondered if you could send me the link for (Download 10 Pips to a $1 Million Spread Sheet and Position Compounding Calculator!) as i cant download the zip file...thanks paul

If you make 1% of your account balance every day than it will take +-926 days to reach $1 million.
926 days is approximately 44 months or 3 years and 8 months. Based on an average of 21 trading days per month.
So if you have a $100 balance and buy 1 lot of EUR/USD and ride it for a 10 pip profit you would have made $1. That $1 is 1% of $100.
I hope this helps. I have a full spread sheet set up that I can edit. If you want it just send me a message and I can email it to you. It is on excel.
Good luck and trade carefully.

Hi can you send me the file please, many thanks.( enzo727@hotmail.com)

Originally Posted by MysticMegatron

Do you know what, i've been thinking about this all day and i'm now of the opinion that we will get a move up before the meeting tomorrow: with the recent coordinated USD action encouraging the bulls ahead of the press conference. Bernanke has been a do-er when it comes to QE and traders are going to hype that up. This would also help to give us the C wave that Szaman has predicted, although i'm unsure about it getting to 13960 until the inevitable volatility during the meeting itself. In addition, we've got the strong trendline of the impulse down to deal with (Stryker's target i believe).

speculation that the Fed may cut the interest rate on excess reserves will likely reduce analysts' risk free rates in calculations and lead to higher asset prices: i.e. risk on.

Enzo, check your mail box. BTW you may want to edit out your email address from your post to minimize spam.
Good luck.

So that was the reason for the spike . . . rumours flying that the Swissy might get pegged to the Euro at 1.25 from 1.20 . . . I do hate loose talk . . . plays havoc with my charts !!

Fibs in play:

Attachment 97885

Originally Posted by NHAppraiser

If you make 1% of your account balance every day than it will take +-926 days to reach $1 million.
926 days is approximately 44 months or 3 years and 8 months. Based on an average of 21 trading days per month.
So if you have a $100 balance and buy 1 lot of EUR/USD and ride it for a 10 pip profit you would have made $1. That $1 is 1% of $100.
I hope this helps. I have a full spread sheet set up that I can edit. If you want it just send me a message and I can email it to you. It is on excel.
Good luck and trade carefully.

Hello Traders. I have tried to zip the file again here. Let me know if this works for you for the 10 pips to $1 million spreadsheet