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

Originally Posted by Clivewaverider

Can you elaborate Patryk? Tnote down, yield up, stocks and EUR up?? Bit rusty on these things!

yes and yes and yes - nasty gap - there must be a reason for it to occour we`ll know soon

BUT - When trasuries make a turn there is not always an immediate follow through in FX market - fx laggs behind bonds - sometime a few weeks are needed for fx to catch up bonds

edit: bunds and others did not react that strongly - this is US only weakness - soo risk could very well be still off, but USTs could be too expesnsive "safeheaven" at theese levels - or maybe whales are shuffling their positions ???

Originally Posted by turmaz

alright i gave the numbers earlier but not under 2521 why because price is little advance then price closing but the price closing confirms the price action this we should need to understand, price action gave the prices under 2521 but this price action was never confirmed by price closing, and the same price action gave us earlier 2611 yesterday and when the price closing confirms it by closing above it then i am confident for the 2708/09 number.
and now for the illogical part if price action under 2521 confirms by price closing under 2521 then we have the next down number and that is 1.2879.

but i am confident that price will close above 2611 and i am lucky to bought at 2521 number with stop 1 pip under 2514

trade safe

EDIT: sorry the next down number if we close under 2521 would be 2479

turmaz, your huge Fonts sucks. What's the point? We all read your posts so you don't need the added attention.

Originally Posted by fazi

tnote daily - wow!

What do bond markets know ahead of us? - UJ not taking it seriously though.

Patryk

Hey, Patryk. Would that be only because of a bad quote by your chart broker? I checked both TOS and MT4 charts for 30-yr and 10-yr, there is no gap down.

Originally Posted by SharonSS

turmaz, your huge Fonts sucks. What's the point? We all read your posts so you don't need the added attention.

lol i just wanted it to sure that you read this apologies mate!

im still a bull for the short term. we stay above the daily pivot and we break daily R1 which lies at 1.26... a move back down to 1.2550 and a break below will expose new lows.
the 200ma on 1 min will give support for the pair.

why only 1% ppl are successful and 99% are not, its the hard word in their profession and keep doing it no matter what,

here is the you tube video watch and listen carefully

thanks!

The Best Motivation For Anything And Everything - YouTube

The price action has tried the 15 min upper band resistances again and has pulled back. The pullback is relatively shallow as the price is basing near the recent highs for the breakout.
The 4Hour upper BB20 (probable lower high) is the upside target followed by a return trip to the lower bands.

Originally Posted by Paul Chin

When EURUSD price is not manipulated abnormally, it spikes up and down to certain extent.
1. It created 2 unfilled gaps and go for the kill. First abnormality.
2. The touch of 1.2770 and down is abnormal.
3. The long hourly bar that breaks 1.27 down, the retracement is insufficient, before continuing down. This is abnormal. Trades are not just between buyers and sellers, there's a broker in between, matching orders.

I've done extensive testing on EURUSD to know what constitutes normal and abnormal retracements, in range and trending conditions. It has nothing to do with fundamentals. It only works on EURUSD unfortunately, but even then, it is not explaining to me well now. This is abnormal.

wow that's pompous even by your standards Paul. the only thing normal about the market is it's unpredictability, if you know how it should/will act then why are you here with us mere mortals trying to figure this out and along the way help each other. your posts seem to insinuate that you have some omniscient knowledge about the market, well good luck with that.

Originally Posted by Franosh

Hey, Patryk. Would that be only because of a bad quote by your chart broker? I checked both TOS and MT4 charts for 30-yr and 10-yr, there is no gap down.

Thank you - that explains why other markets didn`t react

Originally Posted by rcopadilla

The price action has tried the 15 min upper band resistances again and has pulled back. The pullback is relatively shallow as the price is basing near the recent highs for the breakout.
The 4Hour upper BB20 (probable lower high) is the upside target followed by a return trip to the lower bands.

The price is basing near the 15min resistances. A quick drop to the BB20 midline should mark the start of the breakout.
The highest target level is at today's Daily R3 which is not likely. Maybe it gets tagged the next day, over the holiday weekend when no one is watching.

Originally Posted by turmaz

why only 1% ppl are successful and 99% are not, its the hard word in their profession and keep doing it no matter what,

here is the you tube video watch and listen carefully

thanks!


The Best Motivation For Anything And Everything - YouTube

the market may range for another hour or so..

so i want to share some thing of my experience, when i started trading alot of ppl said "trading is not difficult its not rocket science". so what i did that i took trading as easy and what happened next i kept losing and losing and one day i met a very senior trader and asked him what to do he asked what happened i quoted this that i heard "trading is not difficult its not rocket science" and in returned he lol and said rephrase the quote as " trading is difficult and rocket science is not" because in rocket science you have nothing changed same formulas same mathematical calculation not a difference of a nano number but in trading you are contineously dealing with human emotions and changing number every nano second so you need to understand this trading is not easy...
and alot of advices he gave me and i remember one very imp advice that was, " making money is imp but how not to lose it more imp". means in every trade dont think how much you gonna make think of it how not to lose what you already made.
trade safe mates!

Depending on how the current strength in euro, cable and aussie would hold or not, things might be changing.

http://www.thepatternsite.com/aedb.html

Originally Posted by jogold18

im still a bull for the short term. we stay above the daily pivot and we break daily R1 which lies at 1.26... a move back down to 1.2550 and a break below will expose new lows.
the 200ma on 1 min will give support for the pair.

(as long as we stay above 200MA on 5 min), momentum is still up on shorter term and i expect price to hit new high. stuck some wave counts which looks doable i guess.
price might just sig-zag for a litle bit before going back up, but 1.2555 is key in my view for a move higher.

need a rest from trading.
good luck and good week all
hope u all reap many pips

I'm waiting for a bear with some serious diarrhea, which is flushing this whole mess down, and hopefully today :-)