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

Originally Posted by fazi

1.29 has been heavily defended so it will probably hold, but when a barrier pops during illiquid market ussually there are fireworks.

15m chart looks double toppish, and ozzie 1h shows a clear H&S pattern - we had one gap - so perhaps there are 2 left to come.

Patryk

Hey Patryk, I can see those patterns that you mentioned. I thought that the option with the 1.2900 strike expired at 10:00 AM today. Leaving a path open for Euro to move lower. I could be wrong.
Exploiting currency options expiries for forex trading

Originally Posted by Gregory McLeod

Hey Patryk, I can see those patterns that you mentioned. I thought that the option with the 1.2900 strike expired at 10:00 AM today. Leaving a path open for Euro to move lower. I could be wrong.
Exploiting currency options expiries for forex trading

I know nothing about expiry date (this particular one) - it could be off the table, or not - hard to say

Originally Posted by Morris

Did that last weekend and the market ate my lunch. Not going to happen this weekend. Haha!

Morris

I know what you mean, Morris. Those Sunday gaps are notorious for throwing a spanner in the works.

Originally Posted by fazi

1.29 has been heavily defended so it will probably hold, but when a barrier pops during illiquid market ussually there are fireworks.

15m chart looks double toppish, and ozzie 1h shows a clear H&S pattern - we had one gap - so perhaps there are 2 left to come.

edit: 1h chart attached - double top below kumo and just shy of 80sma -it looks good to me
Patryk

I see the gap at 1.3087. We could get a pop up to fill it.

Originally Posted by Gregory McLeod

Euro Rolling Over:

Anybody holding positions over the weekend?

I most likley be holding longs EG and short GU. I will be bailing my AUD shorts and most likely my Geppy shorts out as well..
Gold I flatenned it out already was long then short for some quickies.. Euro kept waitng and neither the shorts from 2970 nor longs starting from 2892 kicked in..
anyways was fun till it lasted on short GU.......

GL..

Originally Posted by Gregory McLeod

I see the gap at 1.3087. We could get a pop up to fill it.

I actually meant 3 gap rule during a trend - beggining gap (checked), acceleration gap, exhaustion gap

Originally Posted by turmaz

still in a range no break out either side, london session coming to an end but prices are still under 2960/62 number.
the question arises are we going to make a strong support here or strong resistance for future

for now the range is 2946-2913
earlier was 2970-2936

and now we are trading in lower range

Keep it simple. Simple time-tested methods that are
well executed will beat fancy complicated methods every time.

trade safe!

this is my view for the next 10/12 hours we may see prices consolidating more b4 resuming its down trend

have a great weekend!

Originally Posted by Gregory McLeod

Euro Rolling Over:

Anybody holding positions over the weekend?

Leaving max EUR/USD short in the real account, stop-loss set to where profit is locked in (they have been riding down from 2950) except in case of a huge gap up (a huge gap down would be nice!) Demo account also carrying short Aussie/Loonie (I am up to $66K in fake money-- maybe fake money will be exchangeable into drachmas soon).

EDIT: the buffer on the poll is still buggy. It shows me as having already voted-- as a Euro bull! I think that means it still remembers me saying Hollande would win.

Originally Posted by fazi

I actually meant 3 gap rule during a trend - beggining gap (checked), acceleration gap, exhaustion gap

Patryk,

Thank you for suggesting the FFox and its private browsing to me. That rocks.

Good luck,

AV1

By the way this is my work place (home), I have no mouse, using touch pad instead. Crazy heh?!!!

Hello Everyone,

Have been following this thread for some time and this is my first post.

Think the EURUSD will move up to Red Line 1 before heading down to Red Line 2. Red Line 2 is a major support and chances we'll see a reversal at Red Line 2.



Have a peaceful weekend.

Originally Posted by Gregory McLeod

Euro Rolling Over:

Anybody holding positions over the weekend?

Nope! Closed out for a 34 pips loss. Still an overall gain... Happy! @@

Originally Posted by Alejandro Zambrano

Nice ...and this is how its looks at my desk -> Just about to do a Bulls vs. Bears session

Anyone would think you are a serious trader. Lol.

Originally Posted by Gregory McLeod

Euro Rolling Over:

Anybody holding positions over the weekend?

EEeeYup. SHORT Eur/Usd, Gbp/Usd, Aud/Usd. Profits locked in on all so no drama.

Euro
The BEARS are riding the BULLS with whips out & spurs in.
On the longer time frames the mighty US$$ appears to finally be in command.
The Euro has finally succumbed. This is a Weekly chart, so lotsa ups n downs on the way to the targets as smaller charts will confirm. Next target 1.2840...

Originally Posted by Ikee

Euro
The BEARS are riding the BULLS with whips out & spurs in.
On the longer time frames the mighty US$$ appears to finally be in command.
The Euro has finally succumbed. This is a Weekly chart, so lotsa ups n downs on the way to the targets as smaller charts will confirm. Next target 1.2840...

Hi Ikee, thanks for the charts though I can't seem to be able to zoom in on them. Would you tell me a little more about them?

Cheers, Melb.