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

Originally Posted by biggari

so i guess we head further down lower in range or gap could be filled at later time?

can't say WHEN but it will get revisited and filled

gaps in futures market represent the most extreme imbalance of buyer/sellers - therefore they are absolute key levels and represent instutional ordeflow in its clearest form - THEY ALWAYS ( WITH RARE EXCEPTION) get revisited and filled



just a footnote - no amounts of fundie research will tell you what the charts already give you freely in plain view

Originally Posted by root-minus

can't say WHEN but it will get revisited and filled

gaps in futures market represent the most extreme imbalance of buyer/sellers - therefore they are absolute key levels and represent instutional ordeflow in its clearest form - THEY ALWAYS ( WITH RARE EXCEPTION) get revisited and filled



just a footnote - no amounts of fundie research will tell you what the charts already give you freely in plain view

Hey Root - excellent data point. If you don't mind me asking, how does one see or calculate these gaps?

Originally Posted by EuroTraderApp

Hey Root - excellent data point. If you don't mind me asking, how does one see or calculate these gaps?

you see them by looking at the chart, no need to calculate anything - just simply know they will get revisited, you can base your whole intraday trading plan by observing DX FUTURES - NOT DX ROLL PRICE CHARTS

Originally Posted by biggari

eric - sometimes you may need work out the difference between serious comments and humour

i find some of Roberts dry humour very entertaining too and i wish him and all else to succeed in this business

being too serious about things does not neccessarily lead to success

The way each forumer writes - you can roughly gauge his intelligence, educational background and maturity. I hope and believe we are all matured professionals. We want to voice our opinion and share our findings - no politics, no backstepping, and no vulgarities. All with sincere intention.

Originally Posted by ericwong

The way each forumer writes - you can roughly gauge his intelligence, educational background and maturity. I hope and believe we are all matured professionals. We want to voice our opinion and share our findings - no politics, no backstepping, and no vulgarities. All with sincere intention.

life without humour must be quite boring

i would certainly be very interested in your 'gauge' in my intelegence and educational background (our definitions of maturity may differ) - please feel free as i do not take things personally and will help me to 'gauge' things

hang on - full moon coming

Originally Posted by biggari

life without humour must be quite boring

i would certainly be very interested in your 'gauge' in my intelegence and educational background (our definitions of maturity may differ) - please feel free as i do not take things personally and will help me to 'gauge' things

hang on - full moon coming

I have said many times that my objective is to learn this fx trading from all forumers here -techies and fundies. I have no time to criticise esp negatively. So please pardon me for reserving my comments. Thank you.

EUR/USD July 2 - 2012


The short term EUR/USD trend is bullish as long as we trade above the 1.2550 low and price should be able to reach 1.27 and possibly the 1.2750 high. If we trade under 1.2550 then the EUR/USD is expected to reach 1.25.

On a slight longer term price is range bound, 1.2750 is capping price and 1.24 is supporting price. Longer term traders will probably looks to buy when we reach 1.25 and hold positions as long as we trade above 1.24. Some might also consider going short when we reach the 1.27 high and having stops just above 1.2750.
We need to remember that the lack of strong overall trend makes the short term trend fairly unstable.


If you have any questions about this scenario or anything else trading related feel free to write to me here on the forum.

Feel free to join me today at 10:30 GMT (11:30 UK time) for a free FX, stock and commodity market webinar at www.dailyfx.com/bvb
Send an e-mail to azambrano@fxcm.com to sign up to my distribution list.

EUR/USD 60 min chart


Click here to view a recording which introduces you to my trading system


Market Strategist | DailyFX London
azambrano@fxcm.com

Follow me on twitter: https://twitter.com/AlejandroDFX


*Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join today.

did Greg say he was on holiday this week?

Originally Posted by root-minus

scaling in around 1.26700

secured

Originally Posted by ericwong

I have said many times that my objective is to learn this fx trading from all forumers here -techies and fundies. I have no time to criticise esp negatively. So please pardon me for reserving my comments. Thank you.

LOL! Did I read this right?

Biggari: Eric, am I smart?
Eric: No comment
Biggari: 'Likes' Eric's response...

looks like emmotions are running high and the week has just begun



looking forward to this

Originally Posted by EuroTraderApp

LOL! Did I read this right?

Biggari: Eric, am I smart?
Eric: No comment
Biggari: 'Likes' Eric's response...

i seem to have a bad habit of upsetting the easily upset - its much easier just to agree

Originally Posted by biggari

i seem to have a bad habit of upsetting the easily upset - its much easier just to agree

you must be married

Originally Posted by root-minus

you must be married

unfortunately by the time the penny dropped it was too late

Originally Posted by biggari

unfortunately by the time the penny dropped it was too late

sorry biggari, we've all been there