Daily EUR/USD trades

OK, another long grail on 30 minute now

Columbo: Don't the markets have a tendency to price in anticipated future data prior to its release?
 
Quote from Buy1Sell2:

Not entirely correct. There have been those that have posted right here at ET that either didn't get in, couldn't believe their eyes or got in late. People get hung up on the whys so much that they couldn't pull the trigger until way late or not at all.
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Yeah maybe you are right.

I am loooking at the COT data from last friday. All the majors retailers extremely long and the USD index, retailers extremely short.....

know what I mean?
 
Quote from romik:

OK, another long grail on 30 minute now

Columbo: Don't the markets have a tendency to price in anticipated future data prior to its release?
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Good point.
Could be , but as far as I know, "baked in the cake" is usually based either off of consensus or some whisper numbers.

This number was not expected. The numbers were whispering all the contrary.
 
Quote from Colombo:

Everyone and their grandma has been long this rally.....

cheers
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I wonder if the real rally will be EUR/JPY into year end.

The momo funds would like to see EUR/USD finish at highs but I think they are pressing and hoping. They sure were trying hard to push things higher a number of times today.
 
Quote from romik:

OK, another long grail on 30 minute now
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Have you been referring to the Linda Raschke "Holy Grail" setup when you say "grail"?

(When the ADX is greater than 30, go long/short on a retrace to the 20 period EMA)
 
let's see if this has any benefit with a 30 min chart, divergence/failure swing, @ 20MA on daily. I would like to hear other people's views on possible link between EUR/USD & USD/JPY, as I see a move up in the latter pair running out of steam if no now than shortly. My question is if that's the case and B1S2's analyses on JPY are correct based on weekly (long JPY basically) then EUR/USD should continue in the uptrend soon also.

target based on the divergence is 1.3200
 

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Quote from stevegee58:

Have you been referring to the Linda Raschke "Holy Grail" setup when you say "grail"?

(When the ADX is greater than 30, go long/short on a retrace to the 20 period EMA)
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No, sorry it's B1S2 Holy Grail (TM), RSI failure swing basically
 

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