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

Originally Posted by Malabar

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Originally Posted by Clivewaverider

With that 3 waves up, could this be an expanded flat retracement with the recent up being 'b'? Would make sense from a 'its up, its down, no it really is up'' Great fun. Going to follow the lower high's down and see if we get a break up - it would be a big thrust me thinks!

I got a possible ascending wedge on 5 mins..

GL..

Originally Posted by stryker

lol.......... oh boy............ I remember those days............... when u won't get time to sleep and every now and then u be taking a power-nap of sorta............ Now I can sleep 7 hrs an avg and few power naps in b.w............ Not to mention can leave an open trade and not been bother with it.........................
Gotta sleep........ a fresh mind is a better mind........... make ur analysis.. place ur stops (one) and multiple entries point and relax and let the trade to mature and meet tgts..
EU 2 hrs and extended above 3160 hitting and looking a retrace to 3120................... gotta keep it simple...... now breaks 3115-20 suggesting short side a bounce indicating we have buyers lurking for a bargain price to get in....
Worse case scenario............... ur multiple exit entries helps u milk some pips......... and offcourse adjust s.l when in gains............. ALWAYS.....

GL..

GL..

I know, I kmow!!! You give good advice. The goal is to have fully automated trading so I can walk away and a machine can to the trading. But the program is still a work in progress so manual trading is the current trading mode. When doing manual trading, sometimes I can tune into the markets so well that I can catch multiple reversals for extended period of time. But after trying to program the various trading factors learned from manual trading into the trading platform, something seems to be missing. And too much programming gets me out of tune from the market.
This forum has been great for getting me back in sync a lot quicker than on my own. It eliminates some of the tunnel vision that can develop.

Originally Posted by AV1

Hello dear traders,

Big picture this could be one possibility if it decides to go up, since yesterday bounce from 1.2993 looks like it is in five waves. Right now seems like it wants to go down to build momentum.

AV1

Hello AV1! Your analysis will put a lot of traders on the wrong side of the trade because of the "obvious" bearish Head and Shoulders chart pattern on the Euro.When so many traders can see it, that is when it is most likely to fail.

Thanks for giving us a new perspective apart from the crowd!

Originally Posted by rcopadilla

I know, I kmow!!! You give good advice. The goal is to have fully automated trading so I can walk away and a machine can to the trading. But the program is still a work in progress so manual trading is the current trading mode. When doing manual trading, sometimes I can tune into the markets so well that I can catch multiple reversals for extended period of time. But after trying to program the various trading factors learned from manual trading into the trading platform, something seems to be missing. And too much programming gets me out of tune from the market.
This forum has been great for getting me back in sync a lot quicker than on my own. It eliminates some of the tunnel vision that can develop.

Well said - tunnel vision is the absolute killer unless you are right everytime. Today has been much more teamwork orientated - why the hell be here otherwise. Now come on Monthly Pivot!

The cloud has been an excellent indicator whether it's ranging, or trending. It's provided a view that is well ahead of it's time for what is to come. Even during the current transition phase from Range to Trend, the "violent thunderstorm" that was expected since last Thursday had also materialized. First strike by the bear, pushing it just below 1.3, followed by a violent counterstrike by the bull to where we are now...

There are however, 2 limitations to the cloud's predictive abilities...
1. During the transition phase from trend to range, it's blind to which side it'll eventually trend towards.
2. When it detects a trend in progress, there isn't a very clear indication of what profit target to expect.

The blue cloud is rising too fast, resulting in the pink cloud way below and the green cloud just above it, in such scenario, there's not enough strength to push upwards since it's not supported by the immediate pink cloud, but it's reasonable to expect bear to push a little to form a bear trend.

However, that's based on experience, the cloud hasn't shown that yet... and I trust my cloud more than my experience...

Irregardless which side it finally rest on, which I believe a decision will be made by this week, the resulting trend will be nothing less than 500 pips...

Meantime, I do have a long position at 1.303 not closed yet, and I fully expect to be stopped out for a small profits, but I will accept the stopout, just to keep myself in the game while my cloud is deciding...

Good luck!

Originally Posted by Paul Chin

The cloud has been an excellent indicator whether it's ranging, or trending. It's provided a view that is well ahead of it's time for what is to come. Even during the current transition phase from Range to Trend, the "violent thunderstorm" that was expected since last Thursday had also materialized. First strike by the bear, pushing it just below 1.3, followed by a violent counterstrike by the bull to where we are now...

There are however, 2 limitations to the cloud's predictive abilities...
1. During the transition phase from trend to range, it's blind to which side it'll eventually trend towards.
2. When it detects a trend in progress, there isn't a very clear indication of what profit target to expect.

The blue cloud is rising too fast, resulting in the pink cloud way below and the green cloud just above it, in such scenario, there's not enough strength to push upwards since it's not supported by the immediate pink cloud, but it's reasonable to expect bear to push a little to form a bear trend.

However, that's based on experience, the cloud hasn't shown that yet... and I trust my cloud more than my experience...

Irregardless which side it finally rest on, which I believe a decision will be made by this week, the resulting trend will be nothing less than 500 pips...

Meantime, I do have a long position at 1.303 not closed yet, and I fully expect to be stopped out for a small profits, but I will accept the stopout, just to keep myself in the game while my cloud is deciding...

Good luck!

What is the name of this cloud indicator and where it can be found?

Originally Posted by Spyros

What is the name of this cloud indicator and where it can be found?

Hey Spyros, I think Paul is talking about Ichimoku:

The Ichimoku Report - March 12, 2012 | DailyFX

Originally Posted by Gregory McLeod

Hey Spyros, I think Paul is talking about Ichimoku:

The Ichimoku Report - March 12, 2012 | DailyFX

Greg what do you think it will happen during Super Mario's speech?

Originally Posted by Spyros

What is the name of this cloud indicator and where it can be found?

I developed the cloud, and called it "Trendy". I don't think you can find it anywhere, except here. I've also shared the formulas to it, but I'm tired to repeat again. You can find your own resources to develop for you using the provided formula. The predictive part is not disclosed though

Are you feeling Trendy now?

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Originally Posted by Paul Chin

I do have a long position at 1.303 not closed yet, and I fully expect to be stopped out for a small profits, but I will accept the stopout, just to keep myself in the game while my cloud is deciding...

nice position, this is what a experienced trader would call "creating your own good luck" - Getting in any direction and gaining pips into a range boxed area being + on either edge of the range. these are the best types because either way it breaks you get a gain. One direction is an extremely big home run and one is just a little with enough time to switch to the other side. I often try to position myself in situations like this. I have positioned in a few this year but market has not run enough during the last few months to bank anything big. hitting a couple a year ( 500+ with no risk ) is all that's needed sometimes to build a good equity curve.

Originally Posted by Paul Chin

I developed the cloud, and called it "Trendy". I don't think you can find it anywhere, except here. I've also shared the formulas to it, but I'm tired to repeat again. You can find your own resources to develop for you using the provided formula. The predictive part is not disclosed though

Are you feeling Trendy now?

I am feeling very trendy... when I am looking to your clouds I see 4 RSI indicators inside the chart...is that correct?

Originally Posted by Spyros

I am feeling very trendy... when I am looking to your clouds I see 4 RSI indicators inside the chart...is that correct?

I've already explained my formulas, there's no need to guess. It's not RSI. Please search through yourself...

Originally Posted by psperos

nice position, this is what a experienced trader would call "creating your own good luck" - Getting in any direction and gaining pips into a range boxed area being + on either edge of the range. these are the best types because either way it breaks you get a gain. One direction is an extremely big home run and one is just a little with enough time to switch to the other side. I often try to position myself in situations like this. I have positioned in a few this year but market has not run enough during the last few months to bank anything big. hitting a couple a year ( 500+ with no risk ) is all that's needed sometimes to build a good equity curve.

Thank you! Much appreciated.. I'm probably more a swinger than a trendy man, that's why I tend to make more when it's not trending
One advice for you: You may have master the trend, but understanding when to take a profit when it's ranging will improve your portfolio a lot.... and i think clive and rcop have the ways