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

Originally Posted by turmaz

okay this chart got some lines and channels analyze it,

I've got plenty of lines everywhere, including my forehead and palms. I'm interested in your analysis and your views, and what those lines mean to you. Up? Down? I decide myself?

Originally Posted by Morris

Are you saying there will be a breakout but you don't know to which direction? I'm a newbie just trying to learn.

Thanks,
Morris

no i dont know the direction.

well im "expecting" to the down side,

when i sit on my trading chair, there is a wall in front of me and on the wall its written with big bold letters
1: Always expect the unexpected
2: dont be greedy
3: be patient

Originally Posted by Paul Chin

I've got plenty of lines everywhere, including my forehead and palms. I'm interested in your analysis and your views, and what those lines mean to you. Up? Down? I decide myself?

yes that is why i said analyze it decide it yourself, your money your risk

Originally Posted by Paul Chin

I've got plenty of lines everywhere, including my forehead and palms. I'm interested in your analysis and your views, and what those lines mean to you. Up? Down? I decide myself?

how long you been trading?

Mr Tsipras is due to make an announcement in 45 mins. Given the recent surge in polls(23.8 from 16.5) he`ll surely embrace the Euro an tell the rapidly growing number of Syriza supporters to bow down before Brussels - then again - I could be wrong...

But it is still unknown how will the algos react - since all the uncerntainty will be gone then rally on!?- there is plenty of time till june

Patryk

Originally Posted by fazi

Mr Tsipras is due to make an announcement in 45 mins. Given the recent surge in polls(23.8 from 16.5) he`ll surely embrace the Euro an tell the rapidly growing number of Syriza supporters to bow down before Brussels - then again - I could be wrong...

But it is still unknown how will the algos react - since all the uncerntainty will be gone then rally on!?- there is plenty of time till june

Patryk

Well the price action is set up for the upside if it wants to take the bait - we either got 1-2 (zigzag), 1-2 (expanded flat) or it just about counts 1-4 - an extended 5th or 3rd to come perhaps. If it comes, I won't be waiting around for any consolidation either way!!

Be nice to be banked and free for the weekend.

Originally Posted by Franosh

This area will take some fight, and I agree with Clive, that downside is not unlimited from here.

In addition, within the 2 leg down it has its own 1:1 ratio too. That's a way of confluence many institutions watch, or so I was told.

its a double AB=CD setup, this is the only reason im a buyer above 2890

Originally Posted by Clivewaverider

Well the price action is set up for the upside if it wants to take the bait - we either got 1-2 (zigzag), 1-2 (expanded flat) or it just about counts 1-4 - an extended 5th or 3rd to come perhaps. If it comes, I won't be waiting around for any consolidation either way!!

Be nice to be banked and free for the weekend.

Dear Clive
what is the situation of your 240 min chart could you upload your chart ? thanks and happy trading

Originally Posted by MOZI32

Dear Clive
what is the situation of your 240 min chart could you upload your chart ? thanks and happy trading

The MyWave chart?

yes , thanks

Originally Posted by Clivewaverider

Well the price action is set up for the upside if it wants to take the bait - we either got 1-2 (zigzag), 1-2 (expanded flat) or it just about counts 1-4 - an extended 5th or 3rd to come perhaps. If it comes, I won't be waiting around for any consolidation either way!!

Be nice to be banked and free for the weekend.

Tom Stolper is out - advocating 1.33,1.38 and 1.4 targets - since his(as a contrarian indicator) record beats SSI by 2 or 3 lengths I really don`t want to be long here.

This could be a running triangle in its final stages - below 1.29 and we can see 1.265 quite fast

Hello Traders! Happy Friday!

Welcome to the last trading day of the is week!

We have US Producer price index up in 1/2 hour and then the University of Michigan Confidence number at 9:55 AM ET.

There are reports on an option barrier at 1.2900 so expiration could allow Euro to move lower.

What are you traders up to? Any open positions, entry orders or limits?

Originally Posted by MOZI32

Dear Clive
what is the situation of your 240 min chart could you upload your chart ? thanks and happy trading

Mywave's count 13 (that is, in 13, not necessarily finished) - this is the intermediate chart and would be a good chance of a stickable swing whether into a retracement or otherwise. MACD has been pos diverging for a while now but price action still in the bearish triangle of the pyrapoint/gann squares - I have drawn in thick blue lines for reference. Price needs to stay above the thin blue line running to the right of the price action to keep bullish reversal in play. Price is unlikely to get above the thick blue line in this time quadrant (today) but a move up towards it would give price a great chance of being in the bullsih triangle when it shifts on Monday morning (6am). 2 day Hull ma in pink is above too, so a spike up is really needed to capture some much needed bullish respite.

2nd chart is my stoch mom chart with regression channels in play from key pivots (to me). I am playing/fading long until the red stoch mom (2hr) is in that overbought zone. I'll see where price has got to at that point and make a decision on what is going on from there. Pink regression median line of move from 1.3485 looks about 1.3080, which would also close the 'gap'. Looks good target to me although as ever will take whatever comes my way.

There are some important cycle points just around the corner. Since dollar index (the proper one) is rising to cycle points, plus it's a wedge on 4H, I would prefer to fade the dollar. It has quite a bit of downside business to do.

Originally Posted by fazi

Tom Stolper is out - advocating 1.33,1.38 and 1.4 targets - since his(as a contrarian indicator) record beats SSI by 2 or 3 lengths I really don`t want to be long here.

This could be a running triangle in its final stages - below 1.29 and we can see 1.265 quite fast

Fun though, huh!!