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  • EURUSD Soars 240 Pips, Breaks Key Resistance

    From dailypriceaction.com

    EURUSD had a banner session yesterday. After rallying a massive 240 pips from low to high, the pair settled 45 pips above former confluent resistance at 1.1050. This level marks the December 2015 high and is also former trend line resistance that extends off of the prominent August 2015 high. Any rotation back to this former resistance area (new support) could make for a compelling buying opportunity. However, given the sheer size of yesterday’s move, I wouldn’t be surprised to see some consolidation above the 1.1050 handle before the next leg higher materializes. As for targets, buyers could run into some ... (full story)

I am waiting for the day whereby they will have the balls to stake their repute by making definitive pre-trade calls and end this 20/20 hindsight analysis like as if we are blind and incapable to analyse post trade PA ourselves.
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The wedge Pattern in the making
Quoting genghistar
I am waiting for the day whereby they will have the balls to stake their repute by making definitive pre-trade calls and end this 20/20 hindsight analysis like as if we are blind and incapable to analyse post trade PA ourselves.
Spot on... Show some guts and make a call.
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BTW... Does FF get a kick-back (sorry, paid) for posting these articles?
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Quoting genghistar
I am waiting for the day whereby they will have the balls to stake their repute by making definitive pre-trade calls and end this 20/20 hindsight analysis like as if we are blind and incapable to analyse post trade PA ourselves.
I'm waiting for the day everyone realizes NO ONE knows where any currency is going to trade lol. It's all just probabilities and guessing thats it.
Quoting thegmann
I'm waiting for the day everyone realizes NO ONE knows where any currency is going to trade lol. It's all just probabilities and guessing thats it.
Absolutely... the only thing we know for sure is price will go up and down and the next best thing one can do is try to follow the price as close we we can..So when we sell we are banking on the price to go down more than when it moves up and when we buy we bet on the price to go up more than when it move down. This is trading so what you thunk....
I'm waiting for the day when these 'specialists' in the left side of the chart (aka what has already happened) will actually show a verified track-record.
The worst thing I can be is the same as everybody else. I hate that.
Quoting GubyIQ
I'm waiting for the day when these 'specialists' in the left side of the chart (aka what has already happened) will actually show a verified track-record.
I can guarantee you that if you look for a verification on the left hand side of the chart, you will be surprised what you will find..... ..... I am beginning to integrate the left-hand-side in my daily PA-Trades.
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They were just looking for a reason to shoot it up, oh well. Now they have us all locked in a short position, and with each data point that comes out in favor for euro, move it up some more to liquidate us
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  • Story Stats
  • Posted: Feb 3, 2016 9:34pm
  • Submitted by:
     dailypa
    Category: Technical Analysis
    Comments: 9  /  Views: 5,340