Euro today (Thu 11/30) another breakout? | Forex Factory

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Euro today (Thu 11/30) another breakout?

  • #1
  • First Post: Nov 30, 2006 8:49am Nov 30, 2006 8:49am
What do you guys say? Is EUR/USD about another downward breakout like yesterday at 0830GMT?
  • #2
  • Nov 30, 2006 10:53am Nov 30, 2006 10:53am
i took the break out of the LRC (Linear Regression Channel) upper channel line in solid blue at 1.3230 ish and rode it up for some nice pips. My simple TA kept me out of a sell trade as price had not gone below the channel support area in my LRC setup. Upper yellow line in the below image was my entry upon momentum breakout of upper LRC. The lower yellow line was my heads up for a possible short entry if the 25% black DOTted channel line had been broken w/momentum.

: ) Thom

http://www.accrete.com/fx-posts/misp...nnel3exmpl.png
  • #3
  • Nov 30, 2006 11:41am Nov 30, 2006 11:41am
Quoting accrete
i took the break out of the LRC (Linear Regression Channel) upper channel line in solid blue at 1.3230 ish and rode it up for some nice pips. My simple TA kept me out of a sell trade as price had not gone below the channel support area in my LRC setup. Upper yellow line in the below image was my entry upon momentum breakout of upper LRC. The lower yellow line was my heads up for a possible short entry if the 25% black DOTted channel line had been broken w/momentum.

: ) Thom

http://www.accrete.com/fx-posts/misp...nnel3exmpl.png
accrete,

I saw that chart with GBP/USD on Orange SRDC II. I didn't understand it all. Where did u get the 25% dotted line and what is TA. Good trade!
  • #4
  • Nov 30, 2006 11:53am Nov 30, 2006 11:53am
I got SOOOOO MUUUCHHH to learn....
  • #5
  • Nov 30, 2006 4:23pm Nov 30, 2006 4:23pm
I do believe the EUR/USD still has some BULLISH movement to come. I see a retest of the 1.3275 in the near future so be ready! Good luck to all!
Show me the PIPS!
  • #6
  • Last Post: Nov 30, 2006 4:46pm Nov 30, 2006 4:46pm
Hi all,
Could anyone let know if any of you got daily range for EURO/JPY whats the normal daily range? Any idea how to trade tonight JPY news?
Thank you all in advance
Banda
BANDA333
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