Eur/USD

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Quote from WaveMaster:

I'm looking for a 500 + pip move down from this area.
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Whoa! So, I'm not the only one full of **** around here. :D

Good luck reaching the 1.2200s.

Take profit @ 250-pps down. You'll do better.

DD
 
Looks like we might get a run up before we get a run down. I am tempted to take a little profit and watch but I will stay for now. Afraid we will run to 1.90's

DRT
 
Just a reminder guys.
This web site is Elite Trader not Entertainment Tonight. This forum is FX Trading and this thread is titled EUR/USD.
Meaning most anything not related to FX trading belongs in another forum. Most anything not related to the EUR/USD pair does not belongs in this thread.
 
I am taking my profit at 2750 for a 45 point profit.

If we get through this area, I will get short again on a pullback.

DRT


Quote from downrivertrader:

I know things are thin, but I have decided to get short at 2795. The market has not run away upward from this level so far. This is a very high risk trade. 2795 is an extremely key value area. If it continues to hold and we build value upward then the move out of here will be very strong in my opinion.

If I am wrong, I will get out quickly and take my lumps. If the market does move down, I am looking for

2690 as the first stop.

If we move below 2660 then it may be a downward path to 2570/2480.

Good luck this week.

DRT
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Hi DRT,

I've been following your calls for some time and they interest me a lot. You said that you are analyzing weekly and monthly price distribution. Have you tried your method on daily bars and if you have, is the result as good? Thanks.
 
Quote from Ivanovich:

If the ECB does nothing, expect a rather large EUR selloff.

But I would be stunned if they do nothing.
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Do you have any empirical evidence of this?

Does this also mean to say that if ECB raises rates, probability favors a EUR rally?

EDIT: After looking at the past 3 rate increases on Dec. 6, Mar. 8, Jun.15 the daily range on those days were miniscule. It seems the ECB meeting's recently have been non-events. Anyone else care to chime in here?
 
I trade intra day based on price distribution also. In fact, the daily chart is probably my primary tool.

DRT

Quote from hoangmphung:

Hi DRT,

I've been following your calls for some time and they interest me a lot. You said that you are analyzing weekly and monthly price distribution. Have you tried your method on daily bars and if you have, is the result as good? Thanks.
More...
 
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