EURUSD

He must work for UBS

short at 1.4215
sl: 1.4245
tp: 1.4135

....trust me unless US open doesn't continue this down movement than UBS still need a lot of sleeping pills

i was reading the VSA thread... interesting however.. i do not see what it teaches on the eur/usd ... any expert users here?

Hi Hasnaa!

Anything new?

hasna is trader?

yeah or another hand out from the Swiss Government.

be careful with longs now, we have a divergence here in both H4 n H1...

Its Hasnaa, and yes

Hi

I would like to share macd formation that I use for trading with you guys and need your opinion,any comments, they very welcome!!

On 5 min chart the combination is 8 ,12,11 ,it gives amazing signals, if it cuts up or down ,I go long or short on 1 min chart and so far 10 trading and 100% gain, well it's the 1st day and I feel that it won't perform well on sideway moves.
Has anyone used this combination or currently using it?

Thanks

I am on the down leg. With any long covering we should get to the lower channel line in 60 min chart.

I'm out until Bernanke... this small spike up& down is very dangerous. I'll wait until the dust settle.

I have sell 1.4206

Bears forming MACD 1h also my reason for sell

let the drop begin !

I still haven´t figure out how news affect EUR/USD....

Right now we had "ADP Non-Farm Employment Change" news, wich was -532K ... lower than before (-491K) and lower than predicted (-525K).

Now this news is about:
Leads the government-released employment data by 2 days, and has slowly demonstrated its predictive qualities since its May 2006 debut. Source changed the calculation methodology in Feb 2007 and Dec 2008 to better align with the government’s data;

Why do we care:
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

So... less jobs ... less spending ... less money ... stronger USD?

Can anyone please elaborete/explain/comment... ?

I made so many pips today buying at 4200 and selling at 4210 hahaha. It's ridiculous!

...weaker US economy...weaker US currency

This is how it should be and since we're trading pairs, weaker US currency means stronger EU currency in EUR/USD so I don't believe in bear strength right now. We are still bullish so trade WITHIN the trend!

My long got killed at BE, another one open at 1.41936.... lets see

See ALI!
It doesn't always work! It has just changed to short.