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

if prices closes above 2721 this hour than i was late 1 hour with matching with time and if prices closes the next hour above 2721 than i am two hours late!
lets see where this crap of mine ends
trade safe!

somebody has modified my signature well this shorter signature looks more cool!
thanks dude!

The CCI crossings at the 100/-100 are useful in determining Buy/Sell.
On the Tick chart, I used a different set of Bollinger parameters and only two bands, the BB600 and BB1200.

it seems that holds good in this area...we will see

FB market cap pre-market >200B - this will end well - I`m speachless

Facebook European Premarket Bid - €58 | ZeroHedge

Patryk

now i get it why prices stopped in this time/price tech relation i forgot that there is another type of trading which is technical trading
chart attached!

I am short EUR/USD at 1.2715 with a stop at 1.2760. I expect us to test 1.2660.

Its important to remember that if you are a true trend follower then you will get stopped out the end
- as I was stopped at 1.3150 - but since then I have been bearish and it has been great

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Originally Posted by fazi

FB market cap pre-market >200B - this will end well - I`m speachless

Facebook European Premarket Bid - €58 | ZeroHedge

Patryk

Their IPO has certainly gotten constant media exposure.

Does anyone know if a huge IPO is enough to move the market? Hope that's not a dumb question.

Originally Posted by SharonSS

Their IPO has certainly gotten constant media exposure.

Does anyone know if a huge IPO is enough to move the market? Hope that's not a dumb question.

Hello Sharon, Facebook is scheduled to start trading at 11:00AM ET so we may get a pop. Zynga, another social media related stock, was selling off last time I checked. Euro could get a pop into R1 Daily Pivot resistance in 1.2740 area

another hour passes by and closed under 2721 now you ppl realize how imp is this number for bulls

Although I only post technical stuff and only about the EUR/USD pair, I intend to remain here and NOT migrate to the Pure EUR forum. The learning process is enhanced by the input of new ideas even if off topic. If I dont like or am confused by a post, I quickly go on to the next one.
Self discipline is good.

Originally Posted by Alejandro Zambrano

I am short EUR/USD at 1.2715 with a stop at 1.2760. I expect us to test 1.2660.

Its important to remember that if you are a true trend follower then you will get stopped out the end
- as I was stopped at 1.3150 - but since then I have been bearish and it has been great

correct but stop place it at .2762 and for entry i suggest to wait for one push up to 2740/45 and TP is correct too!

Originally Posted by SharonSS

Their IPO has certainly gotten constant media exposure.

Does anyone know if a huge IPO is enough to move the market? Hope that's not a dumb question.

Yes - it is enough - especially when "liking" is worth 200b - Such IPOs quite often mark important equity tops -

Originally Posted by ericwong

Originally Posted by Alejandro Zambrano

EUR/USD May 18 - 2012


EUR/USD is correcting against its trend which is fully normal. I expect this correction to stall somewhere between 1.2720-1.2760 after a reversal is in place I expect price to resume its downtrend and reach 1.2625. A breakout above 1.2760 will mean the end of this downtrend, if this happens price would trade to 1.28.

Hello Azambrano, appreciate you can shed some light when you say that Euro is correcting - who are those people who are so gutsy to buy up the Euro when they know it will jolly come down shortly after? Thank you.

A lot of the people "buying" the euro in situations like today's are those who went short recently and are now cashing in their profits. When you find talk of a pair being "oversold" or "overbought" it means that there are heaps of speculative positions that have to unwind sometime, this unwinding forcing a significant retrace against the current before the underlying trend can resume.