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

Originally Posted by Alejandro Zambrano

You can have several thread open at the same time using your tabs in your browser - like the new thread and maybe some other thread that you might like.

I know Alejandro but I liked the old one

As hinted USD hit higher notes earlier and now heading lower possibly breaking out on 30 mins ..

2788 should be revisited and a break higher breaks the range for a 2840 play followed by 2875 preferred on this break.

2920 then 2moro would look realistically close...

GL..

London session review and outlook May 21 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

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Originally Posted by chaudhry

Or How about this possibility tht some has achieved their daily pips goal n just relaxin at the side lines for some more confirm setups to form...

by the way bullish div on 30 min playin.. above 2764 look for some move up to 2788 n 2800 levels for some scalps...

Gud luck n
Happy trading
~ chaudhry ~

first expected target hit.... lookin for 2800-10 now....
Congrats to those who picked the trade... n got some nice pips...
div on 5 min.. a dip down to 2770 expected before a bounce...


Gud Luck n
Happy Trading
~ Chaudhry ~

Chaudry can you tell me which are the values of your stochastic? Thank you

Originally Posted by Dimake

Chaudry can you tell me which are the values of your stochastic? Thank you

well i use two different values
13-3-5 on smaller t.f like 5 min for scalps
15-5-5 on bigger t.f like 4 hr n daily

Originally Posted by chaudhry

well i use two different values
13-3-5 on smaller t.f like 5 min for scalps
15-5-5 on bigger t.f like 4 hr n daily

13-3-5 it's available for 30 min too ?
and also if it's normal stochastic or slow/fast and if 3 it's for 'number of periods for%D' .... I ask cuz if u write 13-3-5 it will displayed 13-5-3
thank you

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Hello Traders! Mark your calenders of these high priority announcements as the "risk on" currency pairs are highly correlated and the tide of economic data surprises could raise all "boats"

Originally Posted by Dimake

13-3-5 it's available for 30 min too ?
and also if it's normal stochastic or slow/fast and if 3 it's for 'number of periods for%D' .... I ask cuz if u write 13-3-5 it will displayed 13-5-3
thank you

yup for 30 min as well,
its normal stoch with %D value 3

higher values takes longer to react n small values moves faster, resultin more setups n more trades for scalpin,

Originally Posted by chaudhry

yup for 30 min as well,
its normal stoch with %D value 3

higher values takes longer to react n small values moves faster, resultin more setups n more trades for scalpin,

Thanks chaudhry for taking time to share this with the community. I appreciate you and others that take time out of their busy trading day to lend a hand!

EUR/USD at critical levels

Monthly chart. In the monthly chart we see an uptrend channel in which the price moves. I draw a line separating the channel in the middle that plays the role of support and resistance. We can figure that every time the price touches or crosses the midline (yellow circles) there is an immediate reaction.



Weekly chart. In the weekly chart we see again how the price reacts when it touches or crosses the midline.



Daily chart A. In the next 2 daily charts we see that the price has cross the midline down but failed to make a LL than the previous LL.



Daily chart B. I think that this is the lower of this downtrend rally of recent days and the price starts to react uptrend . The 3 possible targets are to 1.3034 (midline & EMA 50), 1.3100 (EMA 100) and 1.3180 (EMA 200).



In any case the next few days are critical and require wathcing the price. If we see a closing below the previous low (1.2625) this can lead the price to lower levels and specifically at 1.2162.

Originally Posted by Alejandro Zambrano

We need to remember that they money does not disappear into thin air someone is making money when the masses lose - the winners tend to be people with a strategy and good money management - something that you can learn here at the forum or DailyFX+

How about adding discipline and patience? One can have a wonderful strategy and awesome money management, but to have the discipline and patience to WAIT for when one's strategy is in play also a key. This from one who knows.

Originally Posted by Gregory McLeod

Thanks chaudhry for taking time to share this with the community. I appreciate you and others that take time out of their busy trading day to lend a hand!

My pleasure Greg.... i always like to help n share my lil knowledge with other fellow traders,

shows that the current price action is already in the next down cycle to the lower BB20 (1.2750).
The lower high should hold.
After tagging the lower BB, another lower high should print. Eventually the 1.2650 target should be reached erasing the entire retracement.

Originally Posted by chaudhry

first expected target hit.... lookin for 2800-10 now....
Congrats to those who picked the trade... n got some nice pips...
div on 5 min.. a dip down to 2770 expected before a bounce...

missed the spot by 2pips n bounced.... n journey continues...
2800-2810 is wht i want on it now....

i ve a looner long frm 2744 closed half for 22 pips n half is runnin with s.l at +5 just want 2800 touch....

Gud Luck n
Happy Trading
~ Chaudhry ~