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

Originally Posted by stryker

Expecting stops on shorts to be around 2572-75 and hence can see a power move above to it..
There are now alot of indication that euro to be topping off to around 2592-95 and I for one have heavy interest on the sell side from there onwards.. Only cushion would be a 8-12 pips risk for a move above 2602-04 pretty much negates it.. though would like 2592-95 to be it..
AUD 9904 / GU 5816-20 and USD 10146 expected resis and supp for USD...
No time for charts.......... perhaps laterzzz..
GOLD though have an indication that out right with a inv HNS pattern on 30 mins could try the higher side above 1584... but 1584 is intact for been a resis for now...

GL..

2460 was a peach of a tgt as mentioned yesterday.. Though managed to take some down for it and still holding a couple but looking at 4 hr and 15 mins, one strong suggestion is that we to see 2440-44 min as per the 4 rs chart but i prefer a clear cut channels on 15 mins for a move down to 2417-22..
Anyways some charts and that USD came doing what it has been best. dipping a lil and then breaking higher.. so nothing new here and was kinda obvious...
Though a move under 2541 after posting the 2570ish high made me closed alot of my shorts out..
Gold was a peach for I get to sell under 1572 but not all the way down as got me limits for a 1563 strike..
For what it's worth, it's been a fabulous last 4-5 trading run........ Like to keep the mojo running and lady luck shining... since been hitting bigger ones..

GL..

Originally Posted by Robert Eckert

I don't see a fall to 1.2320 as a "dark cloud"; on the contrary, I have been saying since early March that ~1.225 is where the euro *needs* to be, in the sense that if it doesn't get down there soon, and STAY down there for a while, southern economies will continue to collapse until they pull Germany down with them. Only below ~1.1111 (purchase-power parity) could the euro be considered "undervalued"; the gross overvaluation is a primary structural problem (not that there aren't several other problems contributing to the current mess). And I think the ECB's renewed bond purchases, after months of refusing pleas to act in this way, may represent a commitment on their part to force the value of the euro down, and anyone who is feeling bullish should know that there is a sumo-sized wrestler fighting on the other side. I don't comment on technical matters because I know my limitations; I rely on the generosity of you all to share techie views, and put my fundie-ness out there for those who, in turn, feel weak on that end.

Bit of news: major aftershock in Modena following a quake nine days ago; as many dead as in the initial quake, because factory buildings that had been officially ruled "safe" to re-open collapsed with workers on shift-- labor unions are angrily demanding some explanations. This is in the heart of Italy's key industrial province of Emilia-Romagna.

Interestingly, Euro fluctuations historically have resulted in the currency overshooting PPP (c. 1.11-1.14 levels) by 1 standard deviation at-least. This means that a drop from current levels could actually result in a 1.05 (ish) level. 2 standard deviations would put the currency at around 0.9 levels (the low was hit in October 2000 and was 0.823).

That's not me saying Euro is headed for parity - in fact I would be very wary of aggressively shorting here. It was precisely 2 years ago this time (end May, 2010) where CFTC data showed near-record short positions in the Euro. Increasing desire for diversification resulted in further Euro selling. Nordea bank had put a 50% chance on the Euro hitting parity.

And we all know what happened to the Euro in the next year (almost touched 1.50..).

Midas

Originally Posted by ssdbsnl

We're not interested in your calls or your "system". is not good. Rather you should say I am not interested.How you can decide for others.

i think its your 'look how clever i am' attitude that might be rubbing people up the wrong way - but its great to see you have developed a system that works for you.

maybe you could start a new thread - just for you - where your worshipers can learn from your preaching without interuption from the rest of us

Anyone knows what time the auction will start today..

GL...

we're not at a good level to go short yet so i've entered a tiny little long position with tiny risk to big reward - just incase

got to be in it to win it - or lose it of course

looking to go short around R1ish

I have a strong feeling that 2445-48 would be an interesting lvl today..
The reason... On my 8 hrs 2460 was a precise supp. next lower was 2455 and the next lower (same descending supp TL) 2447........ I have shorter time frame I posted earlier have a say upto around to 2417-20 for today...
However on bigger time frames 2447 is it....... Meaning a break and this should continue the fall upto around to 2330-42 for today.. That lvl is the base of the main bear channel I have...
HEnce; with EURO BUND auction ( not sure if it could turn things around for euro, but if it does) could boost euro and if so 2447 area to hold out for a possible bounce back to 2533-36..

This happening then I would assume mkt is yet not ready to see lower euro as of yet and they are feeling good flushing stops under 2490 out... We also have NFP soon and hence we wait for it and consolidation mode kicks in for a tight boring ranges..
On the other hand a move under 2440-45 and we see another big range today..

Something that is going on in my mind and hence I laid it out here.. and I'm still lightly short from yesterday. Today's picked up some scalps and interest is now towards AUD for a 9810 hold and I wanna gun shorts on that bad boy.. SPX has given multiple failures into 1330's...

GL..

yep think your right - if something pushes SPX through rising support we could be in for some good pip counts today

Originally Posted by biggari

i think its your 'look how clever i am' attitude that might be rubbing people up the wrong way - but its great to see you have developed a system that works for you.

maybe you could start a new thread - just for you - where your worshipers can learn from your preaching without interuption from the rest of us

There is the answers to all blah blah

See The progressive charts below for USD/CHF. The red trendline and free hand lines are not system generated. I have just drawn them so that you can understand the chart. Although there is no clear signal in any of the chart, yet it can help you to decide which way to go. If some has good knowledge of technicals he will not take time to understand the charts. The charts which I ahve posted in previous posts are not false. this is not a sysytem which works only for the time being. this is a system which will always be there.

Criticizers are invited ...

*** Everything predictable is controllable and vice versa:

Originally Posted by ssdbsnl

There is the answers to all blah blah

See The progressive charts below for USD/CHF. The red trendline and free hand lines are not system generated. I have just drawn them so that you can understand the chart. Although there is no clear signal in any of the chart, yet it can help you to decide which way to go. If some has good knowledge of technicals he will not take time to understand the charts. The charts which I ahve posted in previous posts are not false. this is not a sysytem which works only for the time being. this is a system which will always be there.

Criticizers are invited ...

*** Everything predictable is controllable and vice versa:

hi,

You just don`t get it - there is no way anyone here can improve their trading performance based on your bacteria charts.

We are here to share the ideas and knowledge and learn from each other.

I share my ideas for free - I benefit from ideas others post here for free - that is how this forum works. That makes all of us better traders.

Unless you are ready to share your ideas I consider your posting a waste of space on my screen - sorry

edit: timewise cable should find a bottom on fri/mon - the EU could go its own path, but chances are we`ll get 1.2/1.18 are pretty soon

Patryk

Originally Posted by ssdbsnl

There is the answers to all blah blah

See The progressive charts below for USD/CHF. The red trendline and free hand lines are not system generated. I have just drawn them so that you can understand the chart. Although there is no clear signal in any of the chart, yet it can help you to decide which way to go. If some has good knowledge of technicals he will not take time to understand the charts. The charts which I ahve posted in previous posts are not false. this is not a sysytem which works only for the time being. this is a system which will always be there.

Criticizers are invited ...

*** Everything predictable is controllable and vice versa:

thats great - don't think anybody will criticize a strategy that is making you money through trading

i don't understand how it works so i'm just going to try and control the predictable in my own way

very nice charts though

Originally Posted by biggari

we're not at a good level to go short yet so i've entered a tiny little long position with tiny risk to big reward - just incase

got to be in it to win it - or lose it of course

looking to go short around R1ish

well that got the market moving

Originally Posted by ssdbsnl

Why everyone here is in a hurry. No one is giving me chance to share the ideas. One is asking for next 100 pips another is just trying to prove it phishing plan.It seems that you guys have no Zest to learn. you guys are going on telling only the baseless stories. Let there be a signal I will definitely share it with you. meanwhile I will prove that this system is very much similar to yours(all of us) with very high efficiency.

O K. Maybe Iv'e been too hard on you. Maybe. I look forward to your informative posts. Just don't try to sell me anything. All anyone needs to be a winner is to be part of this forum. Cheers.

Originally Posted by biggari

thats great - don't think anybody will criticize a strategy that is making you money through trading

i don't understand how it works so i'm just going to try and control the predictable in my own way

very nice charts though

I was here not to sell my system. I was here with the intention of sharing the signals and ideas. But guys here started to exaggerate the things. anyway I think now they are satisfied. Not everyone but there may be members who can get some help from my charts.

yippee I am a winner, I have not won anything before

I would like to thank all those who have made this possible and..............



A little light hearted sarcasm all this fine am pm late night early am er whatever youare existing in.

As per my chart I posted 9 hours ago looking to go long soon for a nice ride north just to mess with the bears before the next big drop. Looks like I should have gone already but I felt an urge to type. It should come back to jump on for the move as diagonals double retrace I think, if I recall correctly.

bearish H&S and wave south, this supply area should provide a retrace