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

Originally Posted by SharonSS

I know, Binatx. Many smart people have. I just got a kick after catching up on posts last night and saw some of the targets. Course, there's nothing wrong with being wrong, I just wanted to give several people credit.

Like your pun! LOL

Haha. I have seen some insane targets. Then again , im sure people see some of mine and think im nuts. Then again, as traders were all a little nuts! Its that dang bull or bear bias everyone carries around that creates a perception of what we see. Thats one of the reasons and I CANT stress this enough, I clear my charts DAILY. Spend 10 minutes redoing my charts every time I start trading. Pretty much kills that inner bias and lets me see it for what it is. Or at least thats what I tell myself

Originally Posted by SharonSS

I know, Binatx. Many smart people have. I just got a kick after catching up on posts last night and saw some of the targets. Course, there's nothing wrong with being wrong, I just wanted to give several people credit.

Like your pun! LOL

as a newbie barely out of nappies one of the things i'v learnt from this forum and the webinars is your at the end of the trend when the previous high gets breached and you get stopped out. - ofcourse there are trends within trends within trends

think i'll leave the looking into the future to the experts - looking at the monthlys posted recently it makes a bit more sense - more knowledge

Originally Posted by CodyB

SharonSS, those numbers have been a topic of discussion for a very long time, wayyy before I came back here... Historical data is very important as the market does have memory and remembers that memory and makes its S/R from it. The longer it has been since that data number was reached the stronger it will be as a S/R point. In my sunday premarket summary as price goes up or down to M/m S/R points its the monthly charts that must be looked at first. Then to the weekly then daily for the premarket. from there its to the lower TF for entries but my sunday data comes from monthly to daily charts. ALL weekly and Monthly H/L's are tracked. its understanding the higher TF's that you thrive in this market over the long haul

I'm totally aware of the importance of monthly and weekly charts. That's why I reposted the monthly chart last night with two channels that someone else posted over two weeks ago. It's fine you discussed that wayyy before you came back, but not all of us were here then and we're talking about now. So when that monthly chart was posted, it was relevant/informative to me for today's market.

Sorry if you don't like my giving credit to several people and I seem to be stepping on your toes. But there are many fine traders here...and gee, some even use indicators although you don't agree.

Originally Posted by SharonSS

I'm totally aware of the importance of monthly and weekly charts. That's why I reposted the monthly chart last night with two channels that someone else posted over two weeks ago. It's fine you discussed that wayyy before you came back, but not all of us were here then and we're talking about now. So when that monthly chart was posted, it was relevant/informative to me for today's market.

Sorry if you don't like my giving credit to several people and I seem to be stepping on your toes. But there are many fine traders here...and gee, some even use indicators although you don't agree.

Hey, Sharon.... take it easy. I am sure Cody meant well, and you are also being honest wanting to give others credits. Let's just take the gist of this whole story as always remember to look at the big pictures.

opened buy 1.23720

stop 1.23554

Originally Posted by biggari

as a newbie barely out of nappies one of the things i'v learnt from this forum and the webinars is your at the end of the trend when the previous high gets breached and you get stopped out. - ofcourse there are trends within trends within trends

think i'll leave the looking into the future to the experts - looking at the monthlys posted recently it makes a bit more sense - more knowledge

Agree, looking at monthly does make sense. I'll repost the awesome chart that someone posted two or three weeks ago. I wish I could remember who posted it.

Originally Posted by turmaz

evening traders!

this week euro fell relentlessly with no retrace at all, here is my view currently for euro, as prices are now under the middle line of the down channel this means its very bearish and we can see renewed selling to the bottom of the lower line and i suspect every rally will be short lived and shallow, i am looking to take a long position between 1.2293/2303 only if i get a reversal signs, other wise i will keep my shorts, before 1.2293/2303 there are other two number imp one which have the potential to give support
1.2359 and 1.2320 both are very imp numbers, trade accordingly and trade safe,

a lot of traders are getting long in the hope that its a bottom and many of my fellow traders has ruined during this relentless selling in the euro, as i have many times over said in this forum that using leverage wisely is the "holy grail" of this biz.
good luck all!

this bounce should fade at 1.2384/85

Originally Posted by SharonSS

I'm totally aware of the importance of monthly and weekly charts. That's why I reposted the monthly chart last night with two channels that someone else posted over two weeks ago. It's fine you discussed that wayyy before you came back, but not all of us were here then and we're talking about now. So when that monthly chart was posted, it was relevant/informative to me for today's market.

Sorry if you don't like my giving credit to several people and I seem to be stepping on your toes. But there are many fine traders here...and gee, some even use indicators although you don't agree.

Wow, sorry I somehow pissed in your cheerios to upset you. sometimes a keyboard and a mouse do not fully come across as intended.

I dont wear shoes so its not hard to step on my toes.

I have criticized no-one here for what their charts look like and never will. The use of indicators has always varied and if you had 'read' my posts you would have seen that I agree they have a place in analysis, what you saw in the PDF you have taken completely out of context.. what do you think PP's and MA's are? I use them myself so I'm not sure where this comes from.

sorry you feel the need to attack here.

Expecting a move down to 2318-25 for ASIA and a possible bounce off the base of the bear channel.
There is a high probability we to see a bounce off 2305-20 lvl for a grind higher (corrective) b4 we get to see better lvls to sell this baby down to well........ let's just say more lower...

GL...

Look out

not a shoe shiner, but kinda the one in the spotlight.. It did and performed better than what I expected and well looks poise to hit the end of the current range as per the bigger TF charts for a move to 10293-96 would be capping rallies, at least for short term perhaps..
USD 4 hrs shows the price on the current channels and such....

GL...

http://shar.es/qJYuC

Originally Posted by CodyB

Wow, sorry I somehow pissed in your cheerios to upset you. sometimes a keyboard and a mouse do not fully come across as intended.

I dont wear shoes so its not hard to step on my toes.

I have criticized no-one here for what their charts look like and never will. The use of indicators has always varied and if you had 'read' my posts you would have seen that I agree they have a place in analysis, what you saw in the PDF you have taken completely out of context.. what do you think PP's and MA's are? I use them myself so I'm not sure where this comes from.

sorry you feel the need to attack here.

They need better descriptive emoticons. Such as a /sarcasm font /different tonality fonts ...I cant tell you how many times I have gotten in a battle with a girl over a mis read or mis understood text message. Happens weekly. "But... but.... no thats not what I meant at all babe!"

Update on the previous TL chart ...from the starting of the downward move @ 3280

TL was abused with noise during the end of the week ...but it looks to be back in play, another falling TL (purple) over the existing one could provide further pressure to the euro ...things look grim until an hourly close above 2420 (atleast)

However, on breach of 2420, 2500 looks a decent target point (employing expected pivot values/resistance @ 2510)

CMP: 2375

Charts: Latest zoomed out
Latest zoomed in
Earlier post

Originally Posted by Sang_froid

Sellers look to be losing steam ...consolidation above the red TL raises expectations for an upmove (the daily as a result would also be a hammer closing candle) ....a move below the TL opens the route to the dungeon

Although i don't use Fibs much, but 2810 comes quite nicely as the 38.2% retrace of the 750pips+ move (wow, that was a huge move but thankfully broke the range monotony)

20 DMA sitting pretty at 2935, 2800 looks the more likely number (unless the red TL signals otherwise)

CMP: 1.2585

would have thought the only credit needed round here is to our bank accounts