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

Took my longs off at 1.3051 before going to osteopath. Have now put a buy order above 1.3070 and a sell below 1.2990. Let us see what happens!

Higher highs and higher lows confirm the reversal. Initial upside target is the upper Boll20 band and maybe higher just above 1.3100. Then it's time to re evaluate again.

EUR/USD likes swing

rcopadilla, I'm in favor of long above 1.3055 with a target of 1.3105 which lines up with ICH cloud top. I've been long since 1.3025 (Today) as I trade based on ICH and the standard indicator wave method for H1+ indicators much like in your chart. Thanks for sharing.

Hello Traders!

"Are you a Euro Bear or Bull?" Poll working Now! Please Give your Responses!

For those of you that could not vote in the polls, you should be able to vote now.

I had to delete the old one and clear out the buffer.

Happy Trading!

Greg

Gregory, I'm bullish for sure as the arrows are GREEN :-) Nothing in the charts to short term sell here that I can see. Hold on to them horns at least for 1.3100.

-Rod

Need to learn to spell.....

good call Mr McLeod

It's good to have correlation with other people's work. There are a lot of smart people here with their own version of Technical Analysis.

Originally Posted by rcopadilla

It's good to have correlation with other people's work. There are a lot of smart people here with their own version of Technical Analysis.

"Trading with Friends". and smart ones at that, is a plus!

Originally Posted by Gregory McLeod

That sure was a long decline ForexLion! It just went on and on. We might have a little bit of profit taking after a better than expected US Retail Sales number before moving higher.

What do you all think?

Originally Posted by buggypilot

Gregory, I'm bullish for sure as the arrows are GREEN :-) Nothing in the charts to short term sell here that I can see. Hold on to them horns at least for 1.3100.

-Rod

Need to learn to spell.....

Originally Posted by asylum

good call Mr McLeod

Thanks Asylum! I make a couple of those every now and then!

Hey Buggypilot! Holding long from that 30-minute spike took a lot of guts and conviction but it was a great call so as not to miss the coming reversal. The Euro did not give doubters a chance to change their minds. Especially in the face of a weaker US equity market that started to give up gains shortly after weaker NAHB Housing number.

Originally Posted by buggypilot

rcopadilla, I'm in favor of long above 1.3055 with a target of 1.3105 which lines up with ICH cloud top. I've been long since 1.3025 (Today) as I trade based on ICH and the standard indicator wave method for H1+ indicators much like in your chart. Thanks for sharing.

Hello Buggypilot, 30-Minute Euro Chart Flying into a Big Ichy Storm Cloud- Will it Make it Out of the Other Side?

Originally Posted by Gregory McLeod

Hello Buggypilot, 30-Minute Euro Chart Flying into a Big Ichy Storm Cloud- Will it Make it Out of the Other Side?

Based on 30min, 1hr and 4hour chart, there are potential... but 1 day still remain downtrend

Originally Posted by Sim3

Based on 30min, 1hr and 4hour chart, there are potential... but 1 day still remain downtrend

Good point Sim3. The Euro's daily chart downtrend will kick in eventually when we least suspect it. Probably after an extreme blow-off high.

Originally Posted by Clivewaverider

In long here with 50% (rest is for fading in case I am early,which I usually am).

I have a MyWave11, divergence on MACD and the daily and weekly pivot are 100 pips above. I'll take my chances here.

All longs closed here at 1.3074. Not quite at daily pivot but this move has been choppy choppy choppy - it could of course be a series of 1-2's and I am missing out on the big one, but given my luck with waiting around for those, I am out for the day. A good solid day all in all and glad to have been lucky (again!!) to have called the turn in the face of all the shorting. This is more important to me psychologically as it is so easy to fall in with consensus - holding my approach to the fire, so to speak.

Catch up tomorrow.

Originally Posted by Gregory McLeod

Hello Buggypilot, 30-Minute Euro Chart Flying into a Big Ichy Storm Cloud- Will it Make it Out of the Other Side?

Hey Greg. I trade mainly using Ichimoku do you think that 30 min chart is reliable? I normally try not to use anything lower than 1 hour due to so many false signals. Just wandering your opinion and past experience on the matter