EUR/USD Longer Term Trading

Quoting hard1head1

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If you dont want to go blind, go back to the thread you were in. Because you will cause people to crash and burn. Just being nice, you go your way and I will go mine. #1, I haven't been calling nothing on E/U, I have talked about E/J and A/U but never made an upside call on E/U! #2 I am not hesitating, just being cautious, there are better trade opportunities out there right now. #3, If you trade like you spell, I dont want to be anywhere near you.

So I think it best if you just stay where you were, since I came here to get away from you!!!!

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Quoting hard1head1

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Mixed signals on the E/U. Could go either way. Short is taking a real chance simply because the price is above the 89 SMA on the 4 Hr. There is no trade here guys, at least not yet. I have learned not to just jump in. Both analysis came thru so far this week. Keep 1 thing in mind:

THE ONLY WAY I WOULD GO SHORT HERE IS A BREAK BELOW THE 4 HR 89 AND A TEST TO HOLD.

THE ONLY WAY I WOULD GO LONG HERE IS IF THE 15 MIN BROKE THE DPP AND THE 4 HR DTL IS BROKEN TO THE UPSIDE.

TRANSLATION: TRADE SOMETHING ELSE THAT LOOKS BETTER!!!!

SEE POST #48 AND #50

JIM

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Quoting FXoffshore

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I trade EUR long term, so the headline intrigued me. I have to admit I am confused with the strategy???

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Quoting ovaforty

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Friday's daily chart shows price trading inside the white 5 sma channel, after testing the bottom of that channel @ the white 5 sma low. You can see where she broke out to the upside from that ascending white triangle, then retraced and re-tested it, breaking the previous breakout level to the downside, and closing inside of it.
The brown 55 sma is providing good resistance at the 1.4776 area. The 55 sma is sloping downward, and has crossed the aqua colored 100, the red 200, and the pink 300 sma's.
Candlestick formation is showing an inverse head and shoulder formation, not confirmed. We see a rejection of the formation before completion.
1 candle and 5 candle momentum indicators are pointing down. The 10 candle mom has crossed down below the 14 candle mom, which is representing the latest upwards retracement.

We are standing aside for now and waiting to sell at our price, IF the U.S. congress can do the right thing...

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Quoting hard1head1

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Exactly ole buddy, Its to risky to get in now and could go either way, I will trade the G/CHF or the E/CHF I posted about earlier on Sunday night. If the E/U decides to break the 4 Hr 89 SMA I will take it short.

Jim

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Quoting Islander

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IMO NOBODY should be taking any long term positions until Paulson & Co have reached agreement and made their statement - still expected to the out before the markets reopen in Wellinton NZ on Sunday.

Also, I personally do not have any problems with longer term trading being the analysis of the daily & 4 hour charts with entries being taken off a lower TF - 60m or even 15m - that way you can reduce you stops....

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