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

Originally Posted by rcopadilla

The gut feeling from an experienced trader is a result of all the years of work trying to interpret the price action. It is of far more value than any set of charts from a newbie.
Like you, I use this forum to help solidify my trading ideas and maybe pick up something to fill in some of the 'holes' in my methodology. There is a goldmine of ideas here with active traders doing their thing.

I completely agree - all those years of grist in one place and from the sorts of people that are in part if not completely off the 'grid'. Special place and why I try and treat it with kitten gloves.

I have covered my longs going into the Claims report and am off swimming instead. Catch up later.

Originally Posted by AV1

I know, something like this 3-???-5

exactly

I like the diamond - perhaps this swing down was X wave and now a triangle unfolds as Y wave?- diamond top? - we`ll soon see - 4h 80 sma keeps pushing it down for a 3rd time in a row.

Patryk

Originally Posted by fazi

exactly

I like the diamond - perhaps this swing down was X wave and now a triangle unfolds as Y wave?- diamond top? - we`ll soon see - 4h 80 sma keeps pushing it down for a 3rd time in a row.

Patryk

The count I posted earlier suggesting C wave down here, is still valid as long as it does't break 1.3057.

I don't know who I told one more up before going short (yesterday) but That was Nice completed down cycle in pretty much one move. Nice

Originally Posted by Fx(MIA)

I don't know who I told one more up before going short (yesterday) but That was Nice completed down cycle in pretty much one move. Nice

Sorry, I don't get you, more DOWN or more UP. Are you BULL or BEAR from here?

All the faster timeframes as well as H1,H2,H3 have retagged their lower BOLL20 bands. Some Positive D is showing up on the tick chart. For Positive D to develop on the 5min and 15min chart it is possible for the price to tag the 1.3050+ level. The trip back to the upper bands should easily erase the gains from the last big red bars. Traders like to fade abnormally large bars.

3106 and 3054 5 min has an open door to the upside but there is down side risk developing......about time the Euro/$ is trying to get its self out of the tf tug of war

Originally Posted by Engin Gencer

i hate ranges!!! You have to constantly check

hımm yummy i closed @3075 i dont like us opens when market is moving on a range...

EUR/JPY Correction? Negative MACD Divergence could temper yen bears.

This makes my 12000th post!

i have been waiting real patiently for my view to unfold and i guess im ganna share is again before it unfolds with a break to the up side with US dollar ticker.we break this triangle, and 1.3 for EUR/USD will break once and for all with a nice 500-1000 pip move potentially....... it stayed above weekly S1 and was hanging around the pivot all week and for things to really kick off, 10,100 needs to break top side.

short term, found supp dead on the DAILY S1 @ 1.3070. a move back up towards 1.3105 possible before we head lower. as long as we stay below the weekly & daily pivot for EUR/USD (1.3105) and ultimately 1.3150, a move lower is likely.

anyway good luck and happy trading everyone........

Originally Posted by rcopadilla

The Hourly Bollingers have narrowed, and the price is trading above the upper band, causing the action to be choppy. Price normally trades within the bands so when a rally (or breakdown) ensues, trading outside the bands does not last for more than a few bars as the bands expand rapidly. This has been a slow motion rally, contributing to the choppiness. The hourly bands have not yet expanded, although the 30min and 15min timeframes have expanded their bands. Things don't look right. But a few large blue bars should help normalize the picture.

It turns out the large bars were colored red.
The 30min chart shows some nice space between the expanded Bollinger bands. Maybe enough momentum can be built up to rally not just to the upper bands but beyond.

Maybe we have a 5-0 bearish pattern in progress...D target at 1.3118

Originally Posted by AV1

Sorry, I don't get you, more DOWN or more UP. Are you BULL or BEAR from here?

The pair needs to move above 3105 pretty quick for me to be completely bullish. and get out of the 5 min downside risk if not there is a down side risk at 3105

Here's a 30min chart with a possible gameplan.

Originally Posted by Fx(MIA)

The pair needs to move above 3105 pretty quick for me to be completely bullish. and get out of the 5 min downside risk if not there is a down side risk at 3105

I agree...