Daily EUR/USD trades

[JSSPMK]

EUR close to sell off ImO based on weekly, daily starts to show failure swing/s

 

[jerry11901]

Quote from JSSPMK:

EUR close to sell off ImO based on weekly, daily starts to show failure swing/s

By saying that, you just ensuring me that this pair is in the up trend.

 

[JSSPMK]

Quote from jerry11901:

By saying that, you just ensuring me that this pair is in the up trend.

yes, uptrend it is, but if you look at the weekly chart's histogram (macd), then you would see a classic divergence present, price performed a failure swing on daily chart, if 1 more failure swing does occur on daily/240 charts, then that would be green light for a retracement to start, I am not calling for a top on EUR, just pointing out a book perfect formation

 

[JSSPMK]

Bought EUR off 1 hour chart, possibly heading towards 3 upside swing, which I believe will be another failure. Stop below Friday's low.

 

[JSSPMK]

-21 pips

Another attempt at long

 

[JSSPMK]

+2 pips, Short now due to failure swing on 3 minute chart, weekly says short, so does daily

3rd failure swing now, ought to continue decline

 

[JSSPMK]

cash market looking positive for shorts

 

[JSSPMK]

looking good, +92 pips on last lot so far after scaling out

would be nice to get 1.3

 

[JSSPMK]

covered last lot +129 pips, hourly looks like a possible reversal

 

[JSSPMK]

Quote from JSSPMK:




posted 12th August 2007

yes, uptrend it is, but if you look at the weekly chart's histogram (macd), then you would see a classic divergence present, price performed a failure swing on daily chart, if 1 more failure swing does occur on daily/240 charts, then that would be green light for a retracement to start, I am not calling for a top on EUR, just pointing out a book perfect formation

Weekly chart.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1569698>