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

so far 30 min taken it but move quite strong
will see

Average True Range study:

Based on rolling 20 day high/low range of this pair.

From the low of the day (L), I measure up the average range (103 pips(A)), the lowest range (64(1)) and the highest (154(2)) from the past 20 days.

From a possible high (H), I do the same in reverse, in case of reversal.

We have already tagged the lowest range threshold for the rolling 20 days, which does not say much in terms of strength. The wave up has been corrective in style thus far.

You see a 60 min MA band based on my attenuation settings with a 240 min Hull. Break of 1.3142 looks good for 1.3114 to 1.3063 if momentum with bears.

This is my play and still waiting!!

A 5min chart does not provide enough detail for scalping. A 1min or tick chart is much better.

I only scalp once in a while and only whenI am fresh because decisions have to be made quickly. What helps is using the CCI crossovers and crossunders to time the entries and exits.

There is more upside ahead so the only pips to be gained on the short side is to scalp them.

watch out for Apple's results tonight - should set the tone for am sesh tomo. last results were almost at the 'legendary' level so maybe some disappointment this time round

London session review and outlook April 24 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

Follow me on twitter: https://twitter.com/AlejandroDFX


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Originally Posted by ericwong

Thanks so much for your reply. I have been reading DailyFX reports and analysis by David, Kicklighter and Joel. Since they are all bearish I just shorted.

Hi Eric,

Check this out so you can see exactly what they are holding.

Analyst Picks | DailyFX

I'm short at 1.321. GL all!

Originally Posted by Clivewaverider

Average True Range study:

Based on rolling 20 day high/low range of this pair.

From the low of the day (L), I measure up the average range (103 pips(A)), the lowest range (64(1)) and the highest (154(2)) from the past 20 days.

From a possible high (H), I do the same in reverse, in case of reversal.

We have already tagged the lowest range threshold for the rolling 20 days, which does not say much in terms of strength. The wave up has been corrective in style thus far.

You see a 60 min MA band based on my attenuation settings with a 240 min Hull. Break of 1.3142 looks good for 1.3114 to 1.3063 if momentum with bears.

This is my play and still waiting!!

Thanks Cw1. This might end up being my main trading screen with all the others as storyboard. Update for you. Upside only made just over the lowest range move threshold over a rolling 20 days and both the MACD and 60min MA band reversed as hoped for as my MyWave counts were already at 7 - this is usually enough for a retracement move - and the wave was all wobbly as correctives usually are too.

I have overlaid my 240 min range too - the light blue worm - my data bank for 10 min charts holds approx 70 days worth and all of the price action has been contained by this worm over that period. Interesting to note that the minimal upside move from the low as per the ATR above still made it above the 240min range first band, which was holding it down too unless their was a trend underway to break it.

Lots of reasons for me to avoid longs today and play for the short as high up as could get.

Originally Posted by MysticMegatron

....don't seem to be able to upload chart - does anyone know how to clear their uploads?

Top right hand corner, "Control Panel".
Lower left corner under "Miscellaneous" click "Attachments", then check off items to delete.

Originally Posted by ericwong

Hello, I am a newbie. Based on the reports that I have read, I shorted the Euro. But who is pushing it higher! Just can't believe it!

The euro has looked in need of a sharp drop for over a month now, but it just keeps on not happening. Who is pushing it higher? Apparently Asian banks buying up dubious assets that European banks need to clean off their balance sheets (the Asians need to buy euros to make these asset transfers). These big buyers seem to be running out of steam. I predicted a couple weeks ago it would not be until early May that the floor finally gave out. There could be a sharp drop tomorrow if the Fed meeting helps the dollar (or a sharp move the other way! be very careful) but the real bear market is not quite due.

Originally Posted by Jack Schneider3

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Excellent i cant wait to lose money on this crap then

Originally Posted by Jack Schneider3

Our team of experienced traders are offering absolutely free and profitable trading signals in the currency markets - Fx RAV - Fx RAV Trading Group | Facebook

Come on guy. Stop the spamming. Another wanabee guru with not even a real website but a Facebook page. Without historical results. Freshly minted. This forum has some real experts with real proof of profitable signals and it is free. You cannot beat that.

Hi Robert - thank you so much for enlightening me. I really appreciate your sharing. I am learning from you.

Hi Alejandro - thank you very much for your reply. Really appreciate it. Eric

That should tag the 30min lower Boll20 and 1Hour Boll20 midline. Will that be enough of a reset to setup the move higher??? Or will there be more sideways until the 1Hour lower Boll20 gets hit?