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

just closed another long to finish the day. this last one i opened smack when it hit the 34MA. man the 34 ma is great for finding trades on 1 min TF.
ohh and GU is about to break up once we break 1.5584 for another leg up by the looks of it on 30min TF.

love this game.

PS, we hit the 1.26 level, but we could actully break above to 1.2660 level if we manage to break 1.26........

anyway good luck all

happy trading.......

Originally Posted by jogold18

just closed another long to finish the day. this last one i opened smack when it hit the 34MA. man the 34 ma is great for finding trades on 1 min TF.
ohh and GU is about to break up once we break 1.5584 for another leg up by the looks of it on 30min TF.

love this game.

PS, we hit the 1.26 level, but we could actully break above to 1.2660 level if we manage to break 1.26........

anyway good luck all

happy trading.......

took the words right out my mouth yet again lol hahaaha

love it......... the forex that is.......... i guess i get really excited at the end of a good day........

yeah i guess after a hard day, need to learn when to stop and let your brain chill.

according to my new improved AB=CD (rev. H) we are off to 12800ish and my inverted H&S is telling me the target is 12950

any which way we are definitely going up until we are definitely going down - that i am certain of

Originally Posted by chaudhry

Ride it to the max........
Lovely day.....
expected target 2575 hit, n exact target 2600 is wht im lookin for now..

Gud luck n Happy Trading
~ chaudhry ~

n 2600 hit as well..... Cheeers......!!

Nice good work.

I had also my TP at 1.26. I have however been holding this position 48 hours. I opened the position at the end of Monday's session and just got limited out. We tend to have profit taking kicking in at the end of the London session.

Originally Posted by Alejandro Zambrano

Nice good work.

I had also my TP at 1.26. I have however been holding this position 48 hours. I opened the position at the end of Monday's session and just got limited out. We tend to have profit taking kicking in at the end of the London session.

Gud work Alejandro, nice trade
ur post gave a confirmation to ma long target 2575-2600
small bearish div is formin on 30 min,
a dip down to 2575 extended 2555 is wht i see before a rise,

Originally Posted by jogold18

took the words right out my mouth yet again lol hahaaha

love it......... the forex that is.......... i guess i get really excited at the end of a good day........

yeah i guess after a hard day, need to learn when to stop and let your brain chill.

short all over.. just back to see gu / aud and eur opened up.. euro to 2610 been scary but would like it to be lower now..
My biggest cushion been the GOLD hitting 1612 for I had profit limits around to that number..
Anyways this is various time frame charts. USD been the far rt and the rest are gold / euro / gu and spx..
Only euro is above my resis mark and that's a 15 mins.. let's see a move lower so I can be all in Green's and I love that color by the way..

GL..

HEre is a 30 mins chart.. IF euro can stay higher to 2560, it has a potential to show 2630-33 for tonite / ASIA...
A move under and a 30 mins close below 2560 would cause more losses towards 2490-2500.. which is next best supp for 2moro..

GL..

Originally Posted by NHAppraiser

That took about 2 days to happen.
My next view is to see it drop to around .8010. Stops at around 0.8060 so a bit worse than a 1:1 risk ratio. currently around .8080.

That only took 1 day. 1 mistake I made was I had the TP at .8010 when that was the sell low and not the buy low. It hit the buy target a few pips higher. Not bad for profit despite being only 1 micro lot each.

Great rally today for sure but caution ahead. We are now near the the top of this 1.2430 ish to 1.2625 ish range. Before we can target 1.28 - 1.29 we need to breakout of this range i.e. close above and hold above 1.2625 but what if not. Take a look at the head and shoulder pattern on the s&p 500, I guess if that breaks down this weekend the bears will take control AGAIN. Take care this weekend and good luck.

Originally Posted by stryker

I'm baffled... I'm bullish on euro against the 2395-2504 stand out but bearish on gold...... perhaps I'm bias on gold maybe for been short,,
but what is the possibility of a euro holding 2500-04 and showing 2680 while gold holding 1625 and showing 1540..........
I know, sounding very stupid............. but maybe it's the extra lottage I'm carrying for down south train on the GOLD.........
and just to have the reality check I know 2+2 and 2X2 equals 5................. So, I'm not gone insane for now.......
PS:: If the probability is nada, would you atleast could say euro would tank and so will be the gold...........
thnx...........
GL..

I have a high of 2740 and a low of 2440 for the stops.
Just my view.

Originally Posted by Alejandro Zambrano

Nice good work.

I had also my TP at 1.26. I have however been holding this position 48 hours. I opened the position at the end of Monday's session and just got limited out. We tend to have profit taking kicking in at the end of the London session.

Alejandro, Kudos to to you on this call - you nailed it to the T. Well done!

I'm personally adding to our short every c. 50bps the pair rises. I do find it adorable how much bullishness there is out there at the moment at a) Rajoy announcing a war on the ECB b) Greek elections this Sunday c) Spanish yields and periphery yields peaking despite the EUR 100bn bailout d) the U.S government having to resort to QE3 at next week's FOMC meeting as a measure of desperation in order to thwart the U.S economy from getting infected by the Eurozone crisis.

I am hoping some degree of sanity is forced upon the market and that the currency doesn't get to 1.29 and instead heads towards the 1.20 level during the remainder of June.

Midas

Beautiful day EUR/USD! Tooks some lovely profit this morning and watch her slow down this afternoon. News gave it some bump this morning with the Retail sales numbers but the oil prices have receded. This is extremely good news for the US and World economy. The lower the oil price the less people spend on transportation costs to and from work. This leads to more disposable income which can be spend in the economy. Since the USA has been struggling economically for years since the Oil price spike in 2007/2008, the lower the oil price goes the better for the world economy. That will help move Europe into a stronger spot but they have to get their financial houses in order! No charts from me folks, but overall, I'm bullish going forward towards next week FOMC meeting.

ready to test session highs.

scalping from todays high point, limit placed for add

W.C. Fields once quipped, “If you can’t dazzle them with brilliance, baffle them with bullsh!t.” Too many journalists are falling for the bullsh!t that European officials are using to try to fool investors. The amount of uncritical, credulous reporting about the Eurozone is astonishing. Most of the articles in the Wall Street Journal or on the Associated Press or Bloomberg or Reuters read as if they’re rewritten press releases from the EC or the ECB. They’re totally disconnected from reality.
What the media fails to grasp is the nature of the problem. It’s a problem of solvency, not a problem of liquidity. In other words, the value of the liabilities of these banks and countries exceeds the value of their assets. Many journalists don’t seem to understand the difference between a gift or grant of money and a loan. With a grant or a gift, the money doesn’t have to be paid back. With a loan, the money has to be paid back.
Making loans to entities that are insolvent doesn’t make them solvent and therefore doesn’t solve the problem. These bailout loans are nothing more than a shell game, with new loans made to repay old loans. The details of the Spanish bailout haven’t been worked out yet, but what Spain is being offered is a loan from one of Europe’s bailout funds. The obvious question is how will Spain ever pay the money back?

Trade smart and good luck