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

Originally Posted by turmaz

i took a long position right at 1542 TP around 1635/40/50/60

stop loss 1517

i am expecting a surprise rally to test the 4 year up channel broken lower line,
if gold find support between the hot spot trading zone that is 1541.71 and 1563.20 and you notice that for gold today's high and lows are exactly between these two hot spot trading zones

and if gold give a surprise rally upward then there is a high probability that euro will follow it, keep in mind euro not always follows the gold but usually does
watch closely for gold surprise rally1

Goldman Sachs must be shorting gold big time. They stated gold should rises 25% this year. I think it was about 2 to 3 weeks ago they stated it was the best time right now to buy stocks.

Edit FED minutes If they hint of QE3 Gold and the Euro will bounce.

nothing in the rules says this can't keep on falling. but probabilities are screaming for a bounce.
keep the shorts skimpy and the shirts on

Originally Posted by jbiggart

nothing in the rules says this can't keep on falling. but probabilities are screaming for a bounce.
keep the shorts skimpy and the shirts on

So much downward pressure to take it to 1.2625, but some positive economic news over next few days could see big bounce before end of the week. I am in a LONG for a very small amount, and will add to it for target of 1.2814

Originally Posted by Rasputin

So much downward pressure to take it to 1.2625, but some positive economic news over next few days could see big bounce before end of the week. I am in a LONG for a very small amount, and will add to it for target of 1.2814

very brave sir. dont thing i'll be going long just yet

Originally Posted by jbiggart

very brave sir. dont thing i'll be going long just yet

perhaps more foolish than brave, though I am in so very light that a loss will be relatively painless.

Originally Posted by stryker

stocks are down and so is gold and oil.......... major concern and SNP under 1333 to possibly stay pressured...
once again scalp on mind unless until otherwise...

GL>.

The nightmare on the EU front came true and reluctant Greece is playing a havoc on all fronts.. One gotta say it out, was it worth it...
Moreover, when this all started 2-3 yrs back how-come no one factored in the chances of a Greece actually heading out of the EU..
IF this has to happen would have been nicer it was done yrs back as we wouldn't have been trading pairs under the shadows of dark clouds..
Gold a shiner as usual and a failure to close above 1547 was enuf to throw in the weight for a slide lower.. 1507 if hits out today, I would be golden.......... It would be a big setup nailed to the last pip...
SNP under 1333 was to remain pressure and I'm not sure but next round of supp don't kick in till around 1280-83 on it.. hence there is a bounce coming on it from somewhere in the middle and nevertheless price needs to close a day above 1350 for it to actually come out of the shallow waters........
For EURO 2742 yesterday was the mark as a tgt achieved of the blue dotted break earlier..
forcefully pointing out then 2599 seems to be the next lvl where euro looks to be heading, but I'm not interested in this pair..
Like to see gold hitting lower to 1510-12 for today for I'm holding shorts on it..
On the other front DJ longs got hit on re entry longs but not b4 i get to scalp some for minor gains.
AUD / GU longs off the mentioned lower bases were picked up where by resulted in a very small scalp out.. AUD for 11 and GU for +2 as price came lower back ..
EJ still long 102.05 and Geppy longs 128.23 only loners on them as i scalped out the remaining..
Not going to be taking any new positions for the rest of the day unless until I see 1508-10 on gold..

GL..

Originally Posted by jbiggart

nothing in the rules says this can't keep on falling.

There are rules??? Why wasn't I notified?

Originally Posted by Robert Eckert

There are rules??? Why wasn't I notified?

brilliant, just laughed up my corn flakes

Originally Posted by jbiggart

brilliant, just laughed up my corn flakes

Man. an innocent comment like that out of the norn and I ROTFL................ needed that bud and thnx............. well look at the bright side, if the dull ranges are over and we can return to like 140-180 pips daily range form high to lows then we can end up making what we used to make ........... I'm just waiting on it and hence the reason why gold comes in a fine substitue and now actually have fallen in love with it..

GL...

Originally Posted by stryker

The nightmare on the EU front came true and reluctant Greece is playing a havoc on all fronts.. One gotta say it out, was it worth it...
Moreover, when this all started 2-3 yrs back how-come no one factored in the chances of a Greece actually heading out of the EU..
IF this has to happen would have been nicer it was done yrs back as we wouldn't have been trading pairs under the shadows of dark clouds..
Gold a shiner as usual and a failure to close above 1547 was enuf to throw in the weight for a slide lower.. 1507 if hits out today, I would be golden.......... It would be a big setup nailed to the last pip...
SNP under 1333 was to remain pressure and I'm not sure but next round of supp don't kick in till around 1280-83 on it.. hence there is a bounce coming on it from somewhere in the middle and nevertheless price needs to close a day above 1350 for it to actually come out of the shallow waters........
For EURO 2742 yesterday was the mark as a tgt achieved of the blue dotted break earlier..
forcefully pointing out then 2599 seems to be the next lvl where euro looks to be heading, but I'm not interested in this pair..
Like to see gold hitting lower to 1510-12 for today for I'm holding shorts on it..
On the other front DJ longs got hit on re entry longs but not b4 i get to scalp some for minor gains.
AUD / GU longs off the mentioned lower bases were picked up where by resulted in a very small scalp out.. AUD for 11 and GU for +2 as price came lower back ..
EJ still long 102.05 and Geppy longs 128.23 only loners on them as i scalped out the remaining..
Not going to be taking any new positions for the rest of the day unless until I see 1508-10 on gold..

GL..

nice charts stryker, keep it up.....

i wanted to post before hand but my electricity got cut off 3 times.

USD:
i got resis coming in (monthly R3) @ 10,126 thou a break above it is possible before heading back down to test resis turned supp.

EUR:
i mentioned yesterday i have no supp till 1.2680/1.27 area. we at that area now, but if the trend continues the way it does, then next longer term supp is lower down by monthly S4 @ 1.2575.........
london session is kicking in, so if we dont find supp over here to take price higher, london/NY sessions might just head for that next leg down, thou a small pause in price i like.....

GL......

morning traders!

i suspect b4 bounce the prices should touch the lowest close of weekly support that is 1.2677 and if prices touches there and bounce then the bounce i am expecting is up to 1.2830/45 area now the question in my mind arises the weekly lowest close is 2677 and prices made a low of 2681, should this 4 pips gap be closed or what?
my upside target is 1.2830/45

trade safe!

Originally Posted by Rasputin

perhaps more foolish than brave, though I am in so very light that a loss will be relatively painless.

your bravery seems to be getting rewarded

Obviously price action will be king, but I continue to be enamoured with the prospect that what we have just witnessed was the end of a B wave and we will now proceed up rather confusingly into stunning C wave. I just cannot keep my eyes of that SMI in the subchart, albeit that is a daily set up and it is clearly battling the weekly MACD at moment.

This is just for kicks of course; trading intraday/intra week is my only focus but uphill for a bit would do me no harm at all!

Originally Posted by jogold18

nice charts stryker, keep it up.....

i wanted to post before hand but my electricity got cut off 3 times.

USD:
i got resis coming in (monthly R3) @ 10,126 thou a break above it is possible before heading back down to test resis turned supp.

EUR:
i mentioned yesterday i have no supp till 1.2680/1.27 area. we at that area now, but if the trend continues the way it does, then next longer term supp is lower down by monthly S4 @ 1.2575.........
london session is kicking in, so if we dont find supp over here to take price higher, london/NY sessions might just head for that next leg down, thou a small pause in price i like.....

GL......

True that.. Im on my final spotting on USD upto around 10145 .... Above 10150 I to throw in the towel and won't ifight it..
GU is a possible HNS and a neck break and the view will fortify if 5990ish on the news in 10-20 mins holds out.. meaning down GU down Geppy ( i closed geppy for +3) and so on..
USDCAD has done a major breakout and seems to be heading for a 10280ish lvl..
Overall looking at CAD / Stocks and to an extent the AUD, the USD strength seems real.. 10145+ break will simply fortify the view.
Gold is holding on to the weely 1525-26 supp but most likely down to 1508 and so on..
was short gold from 1542.9 avg and covered on the bounce off 1526 at 1529 still something to smile at.. I be shorting gold once again in around 1541...
Stocks above 1335 on a day close min if not above 1350 and GOLD above 1560 to consider lows are in..
CAD under parity and aud above parity.... EUR 2742 is resis as well..
There is so much all over and don't know what to go after and what not for...
Only GU apart form the news is looking to yummy to sell under 5996 for a 5888 move..
I guess taking it slow today won't hurt and if not sure why bother..
2742-45 break on euro and a 1.6005 break on gu and i be thinking on USD topped off... else ... well... the sucker can creep higher and higher for all I know...

GL..

take a look at both these daily TF charts
the bottom of the chart is telling the story
mixed this with supports and resistance levels

so dx to drop down and eu to pop up

the start is here and now


indies cannot lie so mix this up with divergence and some balls and i reckon some of you long termer traders may be able to sell the dollar dx and buy the euro

for me its about direction
thats key for my 30 scalps a day
but seriously these indies at bottom of charts are tellin the story to come IMO

GOOD DRILLS