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

Originally Posted by Alejandro Zambrano

Short squeeze on the initial jobless claims numbers

yes i suspect prices will come down slowly we need a real bounce, and for the real bounce we need frankfurt playing side by side and they are enjoying bank holiday

Three trigger charts in new KISS presentation, including upgraded MYwave counts for short and medium term.

For all those following the MyWave development, the key is not the pivots themselves, but the areas of consolidation. Sometimes this is only visible after the next impulse moves on. An ongoing eye for each stage being in proportion with the eventual wave shape is key - this is a tough one really, as you need to imagine the wave in completion. This is getting a bit easier for me now - just.

Originally Posted by turmaz

ppl here so much about politics and different countries doing this and doing that, and specially news effect on the currencies, i feel that ppl kinda like to trade on news and most of them lose at the end of the day. all i want to say is very less ppl share different strategies and the reasons behind their trades the technical reasons. in my 250 posts have you ppl ever noticed i talked about "NEWS" never. because market are not driven by news yes i agree they have "impact".
back in those day i recall when give allot of attention to news and always watching news, reuters, cnbc, do u know what the result was my frustration getting bigger and my account getting smaller day by day and when i stopped watching and talking news and its impact on the market my frustration getting smaller and my account getting larger day by day. its all present in the charts.

the theme and moral of the above "crap story" is ppl share strategies and tell/find technical reasons for every trade.

i like the way you trade and what you say. i am of the view that everything is in the price, and price alone is "the truth", no news and not much charts. what i do is very simple, i don't trade the Asian session because it's usually dead but once in awhile someone will make a move and drive it one way or another violently. during London session i generally trade in the direction of the session's move (if it's down i'll sell bounces and if the session is up buy dips) during NY session i look to trade chops and reversals.
my triggers are price levels 41-45 / 81-87 /97-03 areas depending on how the market's behaving at these price points and at the session's S/R on 5 minute chart i enter a trade (long or short) i am a scalper so i'm in and out quick and this works for me. that's it, that's my "strategy"

my 2 cents

Given the strength of the buyers I guess it will take about 1.5 hours before we get a reversal

Originally Posted by Clivewaverider

I have taken this as a challenge - I have been deleting as many indicators and lines off my trigger charts to keep them as simple as possible - bit of a weight off my mind tell the truth as it is getting harder to remember what they all mean as I get older. Will unveil the tidier charts in due course.

Hello Clivewaverider! I know what you mean. However, my analysis leading up to my trigger is detailed, complex and, at times, unwieldy. I wouldn't change a thing. Most of us here are single person prop trading operations in which we are the analyst and the trader. In larger firms, this is different. There are usually rooms and floors of analysts who run models and forecasts focusing on fundamentals as well as technicals. Out of all of this processing 5 to 10 good ideas are distilled out of this analysis. These ideas are passed to the "traders" who run these ideas through their on filter and whittling those down to 1 or 2 ideas. Now, this is when the trigger comes into play. This is the predicament that new traders have in which they see that they have great analysis but make no money or have great triggers and make no money as well because they haven't first separated the two "hats" and then put the trigger hat on that is objective and rule-bound with conviction of solid analysis (homework) that is already done. Don't get me wrong, as there are some that can do both in real time but most can't.

Traders, if you agree, disagree or have a different point of view please post/chime in as I welcome amicable dissenting opinion because I could be missing something for sure.

Originally Posted by analyzer

i like the way you trade and what you say. i am of the view that everything is in the price, and price alone is "the truth", no news and not much charts. what i do is very simple, i don't trade the Asian session because it's usually dead but once in awhile someone will make a move and drive it one way or another violently. during London session i generally trade in the direction of the session's move (if it's down i'll sell bounces and if the session is up buy dips) during NY session i look to trade chops and reversals.
my triggers are price levels 41-45 / 81-87 /97-03 areas depending on how the market's behaving at these price points and at the session's S/R on 5 minute chart i enter a trade (long or short) i am a scalper so i'm in and out quick and this works for me. that's it, that's my "strategy"

my 2 cents

This is exactly what look at as well. I like the end of the Asian session, the beginning and end of London session, and the New York session after traders come back from lunch and right before market close. Generally, New York is the hardest to trade as they are the most unpredictable. Often, I will sit out the New York session as the odds are less of walking away with London profits intact. However, nothing moves like New York so when you get a breakout in the EUR/USD, it flies!!

Originally Posted by jbiggart

i remember Kiss from years ago when i was finding out what a crap salesman i would make.
the instructor kept telling me to keep it simple stupid
i never could convince him my name wasn't stupid

Being a former school teacher, my training kept me from typing the "S" word when addressing people, but I am glad you did because making things complicated and then when you lose money as a result, you certainly feel stupid

Originally Posted by analyzer

i like the way you trade and what you say. i am of the view that everything is in the price, and price alone is "the truth", no news and not much charts. what i do is very simple, i don't trade the Asian session because it's usually dead but once in awhile someone will make a move and drive it one way or another violently. during London session i generally trade in the direction of the session's move (if it's down i'll sell bounces and if the session is up buy dips) during NY session i look to trade chops and reversals.
my triggers are price levels 41-45 / 81-87 /97-03 areas depending on how the market's behaving at these price points and at the session's S/R on 5 minute chart i enter a trade (long or short) i am a scalper so i'm in and out quick and this works for me. that's it, that's my "strategy"

my 2 cents

yes i like it, now this is what i call mechanics of this pair this is not technical and i give 30 points out of 100 to mechanical trading thumbs up mate

[QUOTE=turmaz;1149691]

Originally Posted by Gregory McLeod

please come again?

What is your trade trigger? (:

Reversal full steam down, Alejandro !

Regards
Mario

Originally Posted by Rasputin

This is exactly what look at as well. I like the end of the Asian session, the beginning and end of London session, and the New York session after traders come back from lunch and right before market close. Generally, New York is the hardest to trade as they are the most unpredictable. Often, I will sit out the New York session as the odds are less of walking away with London profits intact. However, nothing moves like New York so when you get a breakout in the EUR/USD, it flies!!

yes, NY sessions is when i pay attention to news release -- not for the news itself but as an event risk. initial reaction and how the momentum from the news affects the market. i tend to fade the initial reaction and this gets me into trouble from time to time. but this is risk game and that's where MM saves my butt.

good luck to you

[QUOTE=Gregory McLeod;1149763]

Originally Posted by turmaz

What is your trade trigger? (:

weekly/daily support/res levels how prices react there during london session only, general trend EW channel with macd alot alot of stuff but usually my charts are clean with one or two lines or channel with macd, my eyes just take the idea where we heading with stops always` below and above the swings highs and low on 240 min TF,

and yes lastly i ve key levels and hot spot trading areas always with sound alerts if im bzy talking on dailyFX forum they just say ding dong key area arrived now stop posting and make some money!

lol

Originally Posted by rcopadilla

At multiple resistances in overbought zone. Expect a reversal.

Rco you are the best trader in this forum... keep posting your beautifull charts

Originally Posted by chaudhry

Stryker`z charts for the day.....

thnx a lot buddy... I see you have taken my LIKES....... lol....
Yea my provider of internet at office thought it was a bad idea to have me logged onto the forum and for some reason I ended up trading more than I normally would do... So I will have to look into it..

here is euro and what while euro played a lazy boy getting up in the afternoon in the pajamas's, GU showed how to have fun and indeed was a fun ride from 5976 to 5788......... now can we ride this higher to 6025 from 5788 is to be seen.....

USD possibly topped off else this is bad news for those including myself looking for a decent retrace to 9910-20..
I wanna esp thnx the good ol ppl of Dailyfx and the brians behind it for bringing in USDOLLAR chart on to the powercharts for trading has become enhanced and easier working on USD chart.. SO thank you................ Keep up the good work......
EU seems to break lower to the bearish pennant but managed a closed above which comes in as rejection to the lower side.. However currently it is working to re-break it.. If it can close under the then the risk to 2602 play becomes increasingly good.. Else we need to rally around to 2790-2810...
Still taking it as a rejection and a move higher very likely given the scenario USD is in mood to retrace now..

HEre is one talk off over the skype earlier today..

yea it be better once 9818 on aud 5788 on gu 1520 on gold and possily 2602 on euro
[3:23:41 PM] tahirkhan989: euro should hit 2672-73 and gu 5824-25 and then some retrace expected

GL..

Originally Posted by rcopadilla

At multiple resistances in overbought zone. Expect a reversal.

Price pushed thru initial resistances to even stronger resistance. Negative Divergence showed up. The bounce should be erased shortly.