The Purely Technical EUR/USD Trading Thread

[Gregory McLeod]

The Purely Technical EUR/USD Trading Thread- Hello Traders!

You wanted it! You asked for it! You have it. Welcome to the EUR/USD Only Euro! The name says it all. Please share your EUR/USD strategies, charts, and technical trading ideas in this thread. If you want to debate or discuss politics, correlated markets, and fundamentals, please feel free to post in the EUR/USD General Thread If you would be so kind to share your posts with the general Euro thread!

Thanks for sharing and Happy Trading!

Regards,

Greg McLeod
DailyFX Forum Moderator/Trader

[Paul Chin]

Though I like the idea of a specialized EUR/USD thread, the thread cannot grow without posters participation, or it will become one of those journals, but since I only look at EUR/USD, maybe I should consider this as a new beginning, hopefully.

The idea of trendlines is not entirely new, plenty of inputs from Strykers to justify its use. I find them useful at times, one of those lines price is going to bounce, ... or not

I've expected more upside than this, but then again, who am I to decide? It's Friday once again, usually moving in the direction of the trend...

[Gregory McLeod]

Euro Higher Lows Could Lead to Test of R1 Pivot. Euro looks bullish against 1.2660 low.

[Rasputin]

Though I like the idea of a specialized EUR/USD thread, the thread cannot grow without posters participation, or it will become one of those journals, but since I only look at EUR/USD, maybe I should consider this as a new beginning, hopefully.

The idea of trendlines is not entirely new, plenty of inputs from Strykers to justify its use. I find them useful at times, one of those lines price is going to bounce, ... or not

I've expected more upside than this, but then again, who am I to decide? It's Friday once again, usually moving in the direction of the trend...

This is a challenging market. Perhaps a sideways ranging situation for a bit, though I am looking to go long here....

[biggari]

oops - pressed the wrong button - whats this the naughty corner

[AV1]

Good Morning,

30 Minute chart has a bullish engulfing and 1 Hour just printed a hammer. Trade carefully, the trend is strong although some correction is needed.

AV1

[Rasputin]

Good Morning,

30 Minute chart has a bullish engulfing and 1 Hour just printed a hammer. Trade carefully, the trend is strong although some correction is needed.

AV1

In LONG very very light. Perhaps some blah blah blah from politicos at G8 summit will send it higher....

[AV1]

In LONG very very light. Perhaps some blah blah blah from politicos at G8 summit will send it higher....

Trend is strong, if we don't see a strong bounce then it will continue lower and lower.

[Rasputin]

In LONG very very light. Perhaps some blah blah blah from politicos at G8 summit will send it higher....

Thankfully had a trailing stop...out with 9 pips and then a quick short for another 7. I think I will watch now.

[Clivewaverider]

Though I like the idea of a specialized EUR/USD thread, the thread cannot grow without posters participation, or it will become one of those journals, but since I only look at EUR/USD, maybe I should consider this as a new beginning, hopefully.

The idea of trendlines is not entirely new, plenty of inputs from Strykers to justify its use. I find them useful at times, one of those lines price is going to bounce, ... or not

I've expected more upside than this, but then again, who am I to decide? It's Friday once again, usually moving in the direction of the trend...

I am also a little bemused by all the 'democracy' going on of late. I will post here too instead of the general comments as my work is all technical and all EURUSD, although I do follow the Elliot Wave forum each day.

Covering my longs has been very tiring and a lesson in humility of late. But my MyWave counts still say extended, extended, extended and I'll keep releasing the cover after each count of
'13' on the short term chart until we get our retracement. However, I am giving up trading turns from here-on-in and will concentrate on entering after confirmation on the 2hr chart - something tells me, this will be better for my sanity.

Hopefully this forum will stick and that the concentration on everything 'EURUSD' trading will keep it zesty.

Catch up later.

[Clivewaverider]

Trend is strong, if we don't see a strong bounce then it will continue lower and lower.

I was going to say "that is stating the blimming obvious" but it is so true, is it not. I sit here staring at my waves thinking, what we need is a good bounce that sticks and then maybe we will get our retracement. This is undoubtedly what the rest of the trillion $ market (guess!) is thinking too. Should have some venom in it, whatever the degree - a punchy zigzag (abc) will do me fine and possibly a few others riding their luck a tad close to the wire (or is it just me?).

My target for re-covering my longs is at the top of the 240min BB band - approx 1.2824 which is R3 today. Seems a long way off but I can hope.

[AV1]

I was going to say "that is stating the blimming obvious" but it is so true, is it not. I sit here staring at my waves thinking, what we need is a good bounce that sticks and then maybe we will get our retracement. This is undoubtedly what the rest of the trillion $ market (guess!) is thinking too. Should have some venom in it, whatever the degree - a puchy zigzag (abc) will do me fine and possibly a few others riding their luck a tad close to the wire (or is it just me?).

I was looking for at Stochastic on Daily and it sits there on zero for three days, so today must be the day for healthy retracement I believe. Also 4H chart is showing divergence. Its like trying to make a turn with a big o ship here, of course ti will be a wide turn

[Paul Chin]

Wow! Looks like we've formed a very profitable group of traders here, all taking longs, or expecting longs....

Could we be the SSI that made up the 90+ % losers? Surely not!

All the best!

[AV1]

Wow! Looks like we've formed a very profitable group of traders here, all taking longs, or expecting longs....

Could we be the SSI that made up the 90+ % losers? Surely not!

All the best!

No SSI it's going to be against EUR/USD News with a DailyFX Analyst, LoL alot.

[didoda]

Is possible another fast jump to 2650, but before the end of the day eu will go up!
My target for today is 2750