FX Trading Ideas...

TayOO · Jun 16, 2009

Quote from aiyah_mark_lah:

Good stuff. Rather impressive actually.

Do you totally disregard figures release times ?

regards

Hi aiyah_mark_lah,

I am not sure about what you are asking me, can you explain?

Thanks.

davidmaria1 · Jun 16, 2009

Quote from TayOO:

EURUSD

Long positions above 1.3825 with targets @ 1.3945 & 1.4025 in extension.

Alternative scenario: Below 1.3825 look for further downside with 1.375 & 1.3675 as targets.

Comments: the RSI is still well directed, the pair is on the upside and is approaching its next resistance.

GBPUSD

Long positions above 1.635 with targets @ 1.6525 & 1.66 in extension.

Alternative scenario: Below 1.635 look for further downside with 1.6275 & 1.621 as targets.

Comment: the pair has validated its falling wedge pattern and should post a further up move.

Just conjecture, would 1.4025 work on a reversal with this trendline?

aiyah_mark_lah · Jun 16, 2009

Quote from TayOO:

Hi aiyah_mark_lah,

I am not sure about what you are asking me, can you explain?

Thanks.

i meant dou you disregard news releases ? Such as important economic data ?

regards

TayOO · Jun 16, 2009

Quote from davidmaria1:

Just conjecture, would 1.4025 work on a reversal with this trendline?

Yes its possible conjecture on EURUSD...

Lets just see if we achieve that point, a break of that trend line could be very interesting

TayOO · Jun 16, 2009

Quote from aiyah_mark_lah:

i meant dou you disregard news releases ? Such as important economic data ?

regards

A little bit... I always look first for the reaction in the market (charts) abnd just after look to the data, if was good or bad for that currency!

For example, did you never see a good data for USD dolar, and the market react strongly in the opposite way?

Of course, news releases or economic data is important for the market but in my opinion is know what the amrkets think and react about it!

aiyah_mark_lah · Jun 16, 2009

Quote from TayOO:

A little bit... I always look first for the reaction in the market (charts) abnd just after look to the data, if was good or bad for that currency!

For example, did you never see a good data for USD dolar, and the market react strongly in the opposite way?

Of course, news releases or economic data is important for the market but in my opinion is know what the amrkets think and react about it!

I see...thank you very much. Certainly hope to see you around more.

regards

TayOO · Jun 16, 2009

Quote from aiyah_mark_lah:

I see...thank you very much. Certainly hope to see you around more.

regards

I will try to be here for a long time...

Thanks for your comment.

TraderGreg · Jun 16, 2009

Quote from aiyah_mark_lah:

I see...thank you very much. Certainly hope to see you around more.

regards

TayOO, I have greatly enjoyed your thread so far and you've been very kind in explaining everything to us.

I'll certainly second that.

cocaineaddict · Jun 16, 2009

Quote from TraderGreg:

TayOO, I have greatly enjoyed your thread so far and you've been very kind in explaining everything to us.

I'll certainly second that.

Agreed. Nice analysis and great manner. Keep it up for us newbies

TayOO · Jun 16, 2009

Quote from TraderGreg:

TayOO, I have greatly enjoyed your thread so far and you've been very kind in explaining everything to us.

I'll certainly second that.

Quote from cocaineaddict:

Agreed. Nice analysis and great manner. Keep it up for us newbies

Thanks for your comments and support.

I am always here ready to help and explain all about my thoughts, strategy and forex!