The Purely Technical EUR/USD Trading Thread

[Clivewaverider]

Hey is it just me or is the Euro discussion with daily fx analysis closed?

Looks okay to me Fx(MIA). You got problems?

[scalping fool]

Hey is it just me or is the Euro discussion with daily fx analysis closed?

No, MIA, I do not have posting privileges there either, but I am a newbie.

Must have just changed, my posts since I started are in that thread

[biggari]

No, MIA, I do not have posting privileges there either, but I am a newbie.

probably just a glitch - give it a while to sort its self out

[biggari]

hey Clive - you winning?

[Clivewaverider]

hey Clive - you winning?

I will be if we see 1.2535! Not a lot going on up here at the moment, so little point in posting. Sun is shining though.

How are you doing? I just read your 'almost a' profile - I am 43 in a couple of months.... something about that age on these forums!

[biggari]

I will be if we see 1.2535! Not a lot going on up here at the moment, so little point in posting. Sun is shining though.

How are you doing? I just read your 'almost a' profile - I am 43 in a couple of months.... something about that age on these forums!

yeah i like 530 area to buy - not sure of my age, think its about 38, although i can't understand why my younger sister is now older than me

i'll have to sort out that profile one day - have to stick the witty hat on

enjoy the sun - lots of rain on its way for weekend

[Clivewaverider]

yeah i like 530 area to buy - not sure of my age, think its about 38, although i can't understand why my younger sister is now older than me

i'll have to sort out that profile one day - have to stick the witty hat on

enjoy the sun - lots of rain on its way for weekend

I have been using the time to tweak the approach as ever. Always learning, always tweaking. Will be trying to move to much shorter timeframes for trading going forward, so that I can bank my pips and be gone for the day. I have been scalping small trades in the background whilst waiting for this puppy to roll over, but she no want to play ball thus far. Good thing I am optimistic!

[Alejandro Zambrano]

The other thread is open now - the "close button" is placed too near to the "post button" if you are a moderator - so mistakes can easily happen - just reach out to me as some of you did

[Clivewaverider]

Price has made it back down to the gold (for up) 2 day Hull MA (30min chart) and is now knocking on the bear door, and for now is being contained by the daily bollinger bands (240min chart -White 2.5SD). Recall, we have been in a 4th wave correction since 1.2287 (I am still assuming in the 3rd wave down of C), so when this puppy finally gets going, this should be an impulsive 5th wave.

We have not yet made it out of the weekly ascending channel ( blue lines in 30 min chart) and any move down is going to want to retest the gold Hull MA until it turns pink for down and try and stay in the channel . Initial targets remain as yesterday at approx 1.5535 where the lower 4hr bolly (red) sits and just outside the channel enough to get pulled back. A potential 'new' blue channel has been marked up honouring these numbers. This is also where the daily 20SMA from the 240min chart (red/blue) sits.

Price has now knocked on the Monthly pivot six times since yesterday on the 15min chart (1.2662 ish), and represents the Asian low too. Breaking this barrier should help dissolve the bullish temperament still evident in that gold Hull MA.

In the bigger picture, the fib fan lines seem to provide key resistance areas in the 1.2750 area as we discussed two weeks ago and the 1.2287 low sits above a long term fib fan line. It is going to be interesting to see how price reacts to that trap door this time around.

[Luxuriant]

We are right at (near) the bottom of the 4 hour trend line. On the side lines to see what happens,

[Clivewaverider]

We are right at (near) the bottom of the 4 hour trend line. On the side lines to see what happens,

Can you post a chart Luxuriant.

By the way, where did that name come from?

[garr70]

having problems with forum, is anyone else having problems

[Luxuriant]

Can you post a chart Luxuriant.

By the way, where did that name come from?

It means ever increasing. You wouldn't want me to use ever decreasing would you? My name is John. Touch of, or near the trend line has been a place to go long. But trend lines are made to be broken in time.

[Clivewaverider]

It means ever increasing. You wouldn't want me to use ever decreasing would you? My name is John. Touch of, or near the trend line has been a place to go long. But trend lines are made to be broken in time.

Good choice of name that. Should have got the dictionary out!

I have been following the 85.4% fib fan line off the 1.2287 low, which matches your trend line there and is a bit above my blue channel lines earlier which are high low lines. The cool thing about the 85.4% in a correction, is that it is immediately calculable when we have the first 'A' wave off the pivot (comprised of an 'abc') and telegraphs ahead as a base (or umbrella in a downtrend).

I got the 85.4% from 1.2287 now at 1.2635 but just below is the backtest of the 85.4% from the 1.2746 high (both red dotted lines in my chart) - lots to do to get this train rolling downhill, so you might be wise to be cautious!

[Clivewaverider]

having problems with forum, is anyone else having problems

This forum or other thread Garr70?