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

Originally Posted by jogold18

mate i would not want to go long at this point with the EUR.

my chart is telling me for the time being only short. the support that you got in was the daily S2 so it can be some short term support but i would be looking to short below 99.80 and i would wait for the move to retrace and get on the right side of the trade.

i expect daily S2 to break so we can head to S3 99.27

long was only an insurance against double bottom bounce locking in 20 pips - since sup broken i'm out of long on retrace at BE still short from 9980

edit: swapped 'res' for 'sup'

Originally Posted by jogold18

mate i would not want to go long at this point with the EUR.

Agree. Yesterday's S3 has just been broken, RSI is down to 30 and ATR above 6. I'm currently looking for an entry point to go short.

Good Morning Yo )

I have sold this pair yesterday at 2550 .. Limit 2470 with manual trailing stop...

I still view a chance of a retest of a major res line over the coming 2-3 weeks ahead of a potential huge move down ...

Please check my attached charts .. I'd love to hear your opinions

Good luck to All & happy Trading ))

Originally Posted by Maged Soliman

Good Morning Yo )

I have sold this pair yesterday at 2550 .. Limit 2470 with manual trailing stop...

I still view a chance of a retest of a major res line over the coming 2-3 weeks ahead of a potential huge move down ...

Please check my attached charts .. I'd love to hear your opinions

Good luck to All & happy Trading ))

sounds good to me - i was going to look for buying opertunities below 12460

As you all know I've been short from 1.26097 since Monday at that time my signals were correction I now have a short term down trend in line with the long term down trend. This does not guarantee a move below 1.24 but it suggests 1.24 at least is very likely and may be more. Good Luck Everyone. ps. I have redesigned my web site why not take a look....no charge it gives me something to do when I am bored.

Well .. to support my outlook; I would like to attach two other charts here ...

Gold & USD.. Pointing to a potential Dollar strength for today & tomorrow .. Check'em out

Happy Trading

Originally Posted by jogold18

mate i would not want to go long at this point with the EUR.

my chart is telling me for the time being only short. the support that you got in was the daily S2 so it can be some short term support but i would be looking to short below 99.80 and i would wait for the move to retrace and get on the right side of the trade.

i expect daily S2 to break so we can head to S3 99.27

we stay below 99.75 (EURJPY) i would look to short higher up, and as long as we stay below 1.2515 (EURUSD) i would again look to short. momentum is still down on 5 and 30 min.

on EURJPY there is the monthly pivot as support 99.35. so watch out for any switch in the trend if we do find some kind of support.

Is that you? s.e.x.y way to lure the newbies

Originally Posted by Foxy1

As you all know I've been short from 1.26097 since Monday at that time my signals were correction I now have a short term down trend in line with the long term down trend. This does not guarantee a move below 1.24 but it suggests 1.24 at least is very likely and may be more. Good Luck Everyone. ps. I have redesigned my web site why not take a look....no charge it gives me something to do when I am bored.

Originally Posted by MAXJOY

Is that you? s.e.x.y way to lure the newbies

unfortunately pic is just a lure - read 'foxy info' - apart from that, looks great

Originally Posted by MAXJOY

Is that you? s.e.x.y way to lure the newbies

The ans to your question is in the foxy info tab

Couldn't care less - as long as it creates volatility.

Originally Posted by KirstenDavid

Although I get tired of all the bogus signal vendors, "proprietary indicators", and useless trading methods there are a few out there that actually make sense to me.

How to Identify Real Forex Pivot Points: Market Turns For Entry Signals That Get Results - YouTube Hope to read your thoughts/opinion about this

Sorry,Im new here in forum im confuse where to post Hope to read your thoughts/opinion about this. Thanks

My initial reaction to your post is that you spend a lot of time looking for a great trading system and I can only conclude that learning to trade has three key stages,

1. You place some trade and by chance you initially win, it fills you with joy and it looks like an easy way to make money. However, the luck soon runs out leaving you with losses and a need for someone to tell you what to do or which trades to place. You start to follow an “expert” who works for a company and is not a full time trader resulting in a mixed bag of trades, but no real profit. This leaves you feeling that you have a greater chance of making money if you make your own decisions.

2. In order to make your own decisions you embark on a quest to find the magic system, the Holy Grail of trading, the secret behind the charts. You start to buy endless amounts of books (a lot published by none trades) and applying fancy indicators to your charts, but once again it results in no profits. It results in no profits for one reason only; you are still looking for someone to tell you what to do.

3. There is no magic system or Holy Grail. Successful traders get financial rewards form their own performance in the markets. They have an understanding of the markets and the indicators, how and when to get in and out of the markets, good money management and most importantly controlled behaviour during trading. Combining these elements together builds a trading system, which is the real secret to trading and can only be found inside yourself. There is nothing wrong with looking at other peoples trading methods, but for it to work for you it needs to be compatible with you.

RSI divergence at 30m, 1h & 2h chart.

Today's edition of Bulls vs. Bears will be on a alternative channel due the coverage of BoE here is the new link http://forexforums.dailyfx.com/livetrading/255018-livetrading.html#post606070

Watch out...the dev. signal broke down and RSI along with MACD trail lower under the decreasing TL. I had a BUY call earlier and position I had to exit with a minimal profit as price stalled to long, the moment I published the reverse graphs it went down so I missed it being busy preparing the charts for post. Trade safe. 1 H to the release...WILL get messy

Originally Posted by Spyros

RSI divergence at 30m, 1h & 2h chart.