EUR/USD & GBP/USD & AUD/USD Forex Trading

Quote from cabletrader:

I'm not sure how much you'll benefit from it, in fact it may be more of a hindrance than a help! Anyway, the analysis is from rtfx

The best analysis to rely on is your own because for every analyst who is USD bearish there's probably a USD bull. Aside from that, you don't know what time frame analysts are looking at or what tools they're using. rtfx tend to follow Elliot Waves where counting is very subjective :)
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Thanks a lot...I actually like the stuff on this site very much...not for the actual 'signals' or whatever but for the different thoughts they offer...thanks...good stuff
 
Quote from sakhter:

I am bullish on euro to 1.4331-1.4346

if there are any hourly closes above 1.4346, I am bullish AGAIN to 1.4535. I would not be surprised if eurousd hits ~$1.50
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I can't see it hitting 1.5000..but 1.4500 perhaps...
 
beware of going long GBP/USD at 1.6740...on the 4 hour chart there is a RSI of 72 currently at 9:33pm CST...looks like a great short set-up...only short term though...hmmm...
 
I would set short- profit target of 1.4203.

It's in the middle right now and the market can't figure out how to frustrate 95% of all traders.
 
Quote from davidmaria1:


Most of the time I sit and scratch my ass.
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Ass scratching is a very underrated indicator, especially when used with head-patting. If you have the dexterity and coordination to pat your head and scratch your ass at the same time then you've cracked it!
 
Gentlemen, the EUR/USD pair remains bullish.. Another entry forming

Buy-stop 150,000 units @ $1.4309 with take/profit @1.4372. Stop loss is set to chandelier stop.

Good luck!
 
Quote from increasenow:

beware of going long GBP/USD at 1.6740...on the 4 hour chart there is a RSI of 72 currently at 9:33pm CST...looks like a great short set-up...only short term though...hmmm...
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GBPUSD is going to 1.6902 btw..
 
so much for my last night 'call' that the EUR/USD and GBP/USD were looking 'weak'...hmmm...I guess what the 4 hour chart with RSI over 50 was telling me is that they both WERE BULLISH...

I REALL THINK I NEED TO START LOOKING TO KEY INTO TO TRENDS AND NOT TRY TO IDENTIFY REVERSALS...way too many 'head fakes'...it is seeming that it might be 'easier' to identify trends than reversal points...thoughts? insights?agree?
 
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