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

Originally Posted by rcopadilla

I know what you mean. When I look at some of Clivewaverider charts, my eyes go crosseyed.
Anyways, I removed some of the longerterm Bollinger bands.
All that is left is the core set of Bollinger Band 20 and Bollinger Band 60 and the 250EMA.
They are color coded per the legend. The BB20 upper and lower bands are blue, the midline is red.
The BB60 bands are purple with a blue midline.
Currently the price is approaching the BB20 midline again. The midline resistance will likely hold. Even if there is a spiker to the upper band, that spike will not last. The other timeframes are already ready to go down. This 5min is the only holdout and is going thru a weak upcycle. Once that finishes and the down cycle begins, all timeframes will then align to go to the downside.
I am used to the clutter on my charts because some of the info from that clutter is useful and because I focus mostly on what the Boll20 and Boll60 are doing on each timeframe.

this is my BB simple and clean parameter 50,2 time frame 1 hr

Originally Posted by rcopadilla

I know what you mean. When I look at some of Clivewaverider charts, my eyes go crosseyed.
Anyways, I removed some of the longerterm Bollinger bands.
All that is left is the core set of Bollinger Band 20 and Bollinger Band 60 and the 250EMA.
They are color coded per the legend. The BB20 upper and lower bands are blue, the midline is red.
The BB60 bands are purple with a blue midline.
Currently the price is approaching the BB20 midline again. The midline resistance will likely hold. Even if there is a spiker to the upper band, that spike will not last. The other timeframes are already ready to go down. This 5min is the only holdout and is going thru a weak upcycle. Once that finishes and the down cycle begins, all timeframes will then align to go to the downside.
I am used to the clutter on my charts because some of the info from that clutter is useful and because I focus mostly on what the Boll20 and Boll60 are doing on each timeframe.
Note that when the headfake bar occur, it was at the confluence of the lower bands of the BB20 and BB60.

Your charts remind me of a line from the Matrix:

NEO: Do you always look at it encoded?

CYPHER: Have to. The image translators sort of work for the construct programs but there's way too much information to decode the Matrix. You get used to it, though. Your brain does the translating. I don't even see the code. All I see is blonde, brunette, and redhead

here is a thought

Originally Posted by rcopadilla

I know what you mean. When I look at some of Clivewaverider charts, my eyes go crosseyed.
Anyways, I removed some of the longerterm Bollinger bands.
All that is left is the core set of Bollinger Band 20 and Bollinger Band 60 and the 250EMA.
They are color coded per the legend. The BB20 upper and lower bands are blue, the midline is red.
The BB60 bands are purple with a blue midline.
Currently the price is approaching the BB20 midline again. The midline resistance will likely hold. Even if there is a spiker to the upper band, that spike will not last. The other timeframes are already ready to go down. This 5min is the only holdout and is going thru a weak upcycle. Once that finishes and the down cycle begins, all timeframes will then align to go to the downside.
I am used to the clutter on my charts because some of the info from that clutter is useful and because I focus mostly on what the Boll20 and Boll60 are doing on each timeframe.
Note that when the headfake bar occur, it was at the confluence of the lower bands of the BB20 and BB60.

but friend you are doing a gr8 job, any thing that is working for you its working then,
keep it up

London session review and outlook May 3 - 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


Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.

Originally Posted by Gregory McLeod

Your charts remind me of a line from the Matrix:

NEO: Do you always look at it encoded?

CYPHER: Have to. The image translators sort of work for the construct programs but there's way too much information to decode the Matrix. You get used to it, though. Your brain does the translating. I don't even see the code. All I see is blonde, brunette, and redhead

Nice!!!
The human brain is truly amazing. Multiprocessing at so many levels.

Originally Posted by rcopadilla

Nice!!!
The human brain is truly amazing. Multiprocessing at so many levels.

wish mine would!

Originally Posted by jbiggart

wish mine would!

No worries jb, "There's an App for that"

Originally Posted by Alejandro Zambrano

I don't know where you can read about "MyWave" but there is a educational material about Elliot Waves in DailyFX+ If you don't have live access you can apply for a demo version of DailyFX+ is you scroll down and look to the right of the DailyFX+

The 'MyWaves' is my own work and other than the adhoc explanations I put here, there is no other work written. If you look at my profile and run through the post, you will see them develop. I am just about getting my head around writing up the work in a proper workbook but I really need to do that with empirical validation and at least a decent literature review of the Elliot wave and Delta Wave influences that appear to be in there, although I sort of developed them as an anti thesis to that work really. I'll keep contributing here on the topic, so hopefully that will help and do please ask any questions you like. I am definitely not shy!!

Originally Posted by Gregory McLeod

No worries jb, "There's an App for that"

probably, but i think the processor has had its day and the memory is on its way out

Originally Posted by turmaz

this is my BB simple and clean parameter 50,2 time frame 1 hr

Hi turmaz - for EU I like 80,2 setting -here is a 4h chart (1h works good too) - note 80 sma breakout and retest, below the kumo cloud.

Patryk

Originally Posted by Gregory McLeod

No worries jb, "There's an App for that"

Greg,

will there be weekly SSI update today?

Originally Posted by stryker

30 mins and 4 hrs to go along..
9920-25 as indicated held out..
a break under 9890-95 signals a bigger fall coming on the USD.. A break higher to 9925 is well... USD to really shoot higher is what i see then...

GL..

Using a 8 hrs here instead of the 4 hrs I did earlier as getting a better looking pix on it..
9930-35 is a confirmation of a break attained by the USD on Thursday and hence if the price can stay higher to it or to above 9885, I be expecting a break higher and a higher USD subsequently..
However looking at tech play and patterns, the break higher has a lower probability then breaking lower..
Anyways 30 mins and 8 hrs to go with ...
Still think we can hit around 3230 prior to it heading lower....
GL...

stryker here is the ice dollar index, it looks very similar to the fxcm one, they are both at critical levels. also a similar setup on the euro chart depending on how you draw things

Originally Posted by rcopadilla

Nice!!!
The human brain is truly amazing. Multiprocessing at so many levels.

Just wanted to let you know, I'm here! Thanks so much for sharing the thread You are so right!

I'm using a software program I think you would like ... that is, if you are interested in doing code again. I think is is more intuitive than QT. Send me a PM if you're interested.

Thanks again for sharing ... I'm already enjoying everyone's posts.