Discuss EUR/USD News with a DailyFX Analyst - Page 1672

Alec · #**25066** (**permalink**) 11-06-2009, 08:25 PM

Oh mama, it hurts. These charts make my head hurt!

asherewt · #**25067** (**permalink**) 11-06-2009, 08:32 PM

I'm short on EURUSD from 1.49 but for a very limited time period as I'm expecting another re-bound in prices from at or around 1.472 level. I was prepared to add more Shorts from 1.497x levels as that was a very Strong Resistance level for this pair ...

Quote:

Originally Posted by VINCY BALBOA

So do you have EUR/USD CHART of Ichimoku>?

wwwin · #**25068** (**permalink**) 11-06-2009, 10:13 PM

Opposing forces at work here. We have high unemployment raising risk aversion (good for $$) but it also reinforces that low rates will stay for a while (good for EUR). Therefore today's news is not moving it either way. Let's wait for next week, no direction defined today.

VINCY BALBOA · #**25069** (**permalink**) 11-07-2009, 03:05 AM

Quote:

Originally Posted by asherewt

I'm short on EURUSD from 1.49 but for a very limited time period as I'm expecting another re-bound in prices from at or around 1.472 level. I was prepared to add more Shorts from 1.497x levels as that was a very Strong Resistance level for this pair ...

hi Asher..

yes Totally Agree with you on This Point 1.497 is a Strong Retenz.on Hourly Chart

re-bound in prices from at or around 1.472 level

Yes I am reading of Ichi So the Chinkou double Support as well the Price level of Double is Great Support on E/U pair..

You can see here chart The Equilistant channel could be now a Trend line way...also 61.8 Fib

cheer vincy

a

CodyB · #**25070** (**permalink**) 11-07-2009, 09:36 AM

Quote:

Originally Posted by asherewt

I'm short on EURUSD from 1.49 but for a very limited time period as I'm expecting another re-bound in prices from at or around 1.472 level. I was prepared to add more Shorts from 1.497x levels as that was a very Strong Resistance level for this pair ...

LOL do you get the feeling you're getting sucked up to?

skaboy · #**25071** (**permalink**) 11-07-2009, 12:58 PM

Cody
Can you please post the link to your original article on how to find trends?
Thanks

CodyB · #**25072** (**permalink**) 11-07-2009, 02:05 PM

Quote:

Originally Posted by skaboy

Cody
Can you please post the link to your original article on how to find trends?
Thanks

if you go back through my old posts you will find them

BH-Eurofighter · #**25073** (**permalink**) 11-07-2009, 02:10 PM

Quote:

Originally Posted by BH-Eurofighter

eurusd 1.3994 now.
Longtermly this is going to 1.6 I think.
It will be hugh down and up swings but at least in next
year we will see 1.6.
Dont thik USA are out of crysis. This "recovery" is just a wave -
part of cycle.
So for longterm traders buy now and add more longs lower and higher - I think. Without stop.

eurusd 1.5 (1.487 now).
Take profit and wait on new trade.
eurusd is bullish since my signal almost without downdrop since
13. Jun.
Who follow this trade is in cca 1000 pips in profit almost without downdrop

Missing · #**25074** (**permalink**) 11-07-2009, 02:46 PM

Nice, but no stop is madness in this game.

BH-Eurofighter · #**25075** (**permalink**) 11-07-2009, 02:53 PM

Quote:

Originally Posted by Missing

Nice, but no stop is madness in this game.

hmm depend how you trade.
With very sophisticated entry strategy it is possible to trade
with very tight stop.
But such forecast - it was for longtermtraders.
Iam scalper (by the way).
No- stop doesnt means without stop. It is always metal stop (this stop depend on
momental situation on the market).
Those days it is very hard to judge the market. Intradaily and midtermly it is almost inpossible.
It is possible to judge only for scalpings (few bigger scalps every week)
or longterm.

p.s. if you have no "perfect entry strategy" to use stops is madness those days.
It is much more dangereus than to trade without stops.

Tigger · #**25076** (**permalink**) 11-07-2009, 09:12 PM

Quote:

Originally Posted by Missing

Nice, but no stop is madness in this game.

No it's not, just make sure you are ok with your position, and if not, take it out PDQ manually before it causes you too much loss, or 'hedge' it. Please don't leave a position to run at the moment without at least putting a BREAK-EVEN stop on it. This might take a few hours, but it's worthwhile.

How many times have we taken a position that is at least a 3 out of 5 trade (so we thought) only to have it reverse within the next few minutes and then you're in the red, holding onto a crap position that upsets you? If you're $1.00 in the black, then it's your $1.00. Don't give it back. If it is going to work, then there's a better price elsewhere, and if not, there's always another day.

Anyway, was looking at this new Siberian Beauty queen, crowned as Russia's most beautiful woman. I don't think she need FX strategies to get her money....She's a green-eyed candle all the way huh?

asherewt · #**25077** (**permalink**) 11-07-2009, 09:17 PM

Vincy,

I'm assuming that you too are looking for a Bullish Wave-5 to start from (roughly) 1.47x levels. If this is the case, what will be a reasonable Profit Taking Target in your mind. We also need to give some allowance to the fact that if its a Wave-5, we may run out of steam and end up having a truncated wave.

Personally, I'll be looking for things at anywhere between 1.52 and 1.53.

Whats your take in terms EW Count ?

Thanks,
Asher

EDIT: OK, dont worry, I just found your EW count chart in EW Room and surprisingly its absolutely the same sort of Targets I'm looking at too. Here is my yours as well as my chart.

Quote:

Originally Posted by VINCY BALBOA

hi Asher..

yes Totally Agree with you on This Point 1.497 is a Strong Retenz.on Hourly Chart

re-bound in prices from at or around 1.472 level

Yes I am reading of Ichi So the Chinkou double Support as well the Price level of Double is Great Support on E/U pair..

You can see here chart The Equilistant channel could be now a Trend line way...also 61.8 Fib

cheer vincy

a

VINCY BALBOA · #**25078** (**permalink**) 11-08-2009, 12:48 AM

Quote:

Originally Posted by asherewt

Vincy,

I'm assuming that you too are looking for a Bullish Wave-5 to start from (roughly) 1.47x levels. If this is the case, what will be a reasonable Profit Taking Target in your mind. We also need to give some allowance to the fact that if its a Wave-5, we may run out of steam and end up having a truncated wave.

Personally, I'll be looking for things at anywhere between 1.52 and 1.53.

Whats your take in terms EW Count ?

Thanks,
Asher

EDIT: OK, dont worry, I just found your EW count chart in EW Room and surprisingly its absolutely the same sort of Targets I'm looking at too. Here is my yours as well as my chart.

hi Asher Read my PM i have send you a book By Glenn Fisher..

cheer vincy

tomo1 · #**25079** (**permalink**) 11-08-2009, 04:47 AM

what r ur guys expectation for the week?
after the bad release from the non farm payrolls...

BH-Eurofighter · #**25080** (**permalink**) 11-08-2009, 04:56 AM

Quote:

Originally Posted by tomo1

what r ur guys expectation for the week?
after the bad release from the non farm payrolls...

eurusd is overbought.
Europe and USA wants stronger USD.
Be carefull on sell trigger at 1.473 and on buy trigger at
1.4965. Target 50+ pips (bigger scalp) stop cca 100 pips
(depent on technical and fundamental situation in the time of trade).
I wont trade long before some more correction, just sell.