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

Originally Posted by Bal

It was as expected it will go up at least reach today's high...or even cross 12800... definitely should not go south...according to the analysis...

actually this was my analysis too, but well we can say panic and lack of experience change your mind

Originally Posted by monalisa

actually this was my analysis too, but well we can say panic and lack of experience change your mind

I hope it had happened to all in the beginning...Don't worry!

Originally Posted by monalisa

the hole trading thing is new for me, but with and the market I am learning a looot thanks

You are very welcome. Let me know if you need any help, that is why Alex and I are here!

****Watch out for the Fed news conference out in 5 minutes!*****

i personally follow when moving in my direction the first stall finger on trigger second stall i am out. it is just the way i do.

Originally Posted by EuroTraderApp

What are they saying?

Per Zerohedge report:
And Now We Ramp On This Latest Non-News
Submitted by Tyler Durden on 06/20/2012 - 13:11 Bond European Central Bank Finland Germany
This is just getting ridiculous:

•MERKEL SAYS BOND PURCHASING BY BAILOUT FUND A POSSIBILITY
Uhm... that whole point of the bailout fund (ESM/EFSF) is to BUY BONDS. Basically Merkel just confirmed that the whole point of the ESM, which by the way still does not exist, and whose sole purpose is to buy bonds... is to buy bonds. You can't make this up. Yes they will subordinate existing bondholders in the case of ESM, and in the case of EFSF Finland and soon Germany will demand collateral via negative pledges (as in the case of Spain - or did the market forget all about that already), but apparently that is now merely an irrelevant detail. And the EURUSD ramps on this, once again proving that nobody has any idea what is going on in the market but flashing red healines = usually good.

Originally Posted by monalisa

I've officially been punked! youpiii! can anyone please now tell if it's going up or down, coz I am like a lost puppy, when the PP for today was broken i thought we will reach the S1 but a second after Voila the R1 !

The best advise I can give anybody that is not sure about the trend at any time is to stay safe and wait until you see a bounce of support or resistance when you feel sure that your trade is either with the trend or with the correction. Remember when you fist open a trade your hard earned money is at risk so don't trade for the sake of it, Plan Your Trade and Trade Your Plan. Good Luck and Happy Trading.

nothing is happening right now...

30 min and 4H both shows a weak RSI during that washout. Feels toppy. I'm short at 1.27 against 1.28. Target unsure but at least 1.25

Originally Posted by Spyros

nothing is happening right now...

hey Spyros - you guys just had the perfect opertunity to ditch the dreaded euro and you didn't - whats going on??

Originally Posted by biggari

hey Spyros - you guys just had the perfect opertunity to ditch the dreaded euro and you didn't - whats going on??

stupidity at its best ... this happened

Looks like a double top, isnt it?

Originally Posted by kabott1

Looks like a double top, isnt it?

maybe.......

Originally Posted by Spyros

Possible Double Top in progress...

2h
Attachment 134528

Originally Posted by ericwong

Per Zerohedge report:
And Now We Ramp On This Latest Non-News
Submitted by Tyler Durden on 06/20/2012 - 13:11 Bond European Central Bank Finland Germany
This is just getting ridiculous:

•MERKEL SAYS BOND PURCHASING BY BAILOUT FUND A POSSIBILITY
Uhm... that whole point of the bailout fund (ESM/EFSF) is to BUY BONDS. Basically Merkel just confirmed that the whole point of the ESM, which by the way still does not exist, and whose sole purpose is to buy bonds... is to buy bonds. You can't make this up. Yes they will subordinate existing bondholders in the case of ESM, and in the case of EFSF Finland and soon Germany will demand collateral via negative pledges (as in the case of Spain - or did the market forget all about that already), but apparently that is now merely an irrelevant detail. And the EURUSD ramps on this, once again proving that nobody has any idea what is going on in the market but flashing red healines = usually good.

Thanks Eric - durden of zerohedge is solid - I also feel his frustration.

Originally Posted by Spyros

stupidity at its best ... this happened

i think your fellow Greeks who are afraid of life without the euro need a shake - its going to be a never ending nightmare staying in euro land

S/R scalp


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