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Thread: EUR/USD Daily Chart Reviews

  1. #71
    BigPippin's Avatar
    BigPippin is offline The sexiest member of the FX-Men Superior Master Contributor and Member
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    Default August 15, 2012

    A lot of consolidation during the Asian session but it did not last long. The news that Greece needed an extension on its austerity program spooked the markets and caused them to seek the safety of the dollar. A nice short at the convincing break of the PDL. Hope someone caught it!

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    Last edited by BigPippin; 08-16-2012 at 01:42 AM.


  2. #72
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    BigPippin is offline The sexiest member of the FX-Men Superior Master Contributor and Member
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    Default August 16, 2012

    These divergences seem to appear often. Hope y'all are keeping your eyes open for 'em!

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  3. #73
    Chilipip is offline Newbie
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    Hi BigPippin
    Under what market conditions is the Slow Stochastic an appropriate indicator?
    Cheers

  4. #74
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    Quote Originally Posted by Chilipip View Post
    Hi BigPippin
    Under what market conditions is the Slow Stochastic an appropriate indicator?
    Cheers
    It can be used in any market condition, it just depends on how you use it. For a ranging market, you can use oversold/overbought conditions on extreme points. For trending markets, you can use the Stochastic to spot divergences to decide entry levels.

  5. #75
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    Default August 17, 2012

    Here's the chart review for Friday.

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  6. #76
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    Default August 20, 2012

    Sorry to have kept you waiting, folks! Here's Monday's chart review:

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  7. #77
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    Default August 21, 2012

    EUR/USD consolidated during the Asian session but broke out to the upside when some "positive" news from the ECB came out. Jeorg Asmussen, a German ECB Member, showed support for Draghi's bond-buying plan.

    I don't see any easy setups for the day but you could've gone long when price broke out from the Asian box and the PWH.

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  8. #78
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    Default August 23, 2012

    I swear! All 'em divergences just keep popping up everywhere!

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  9. #79
    Chilipip is offline Newbie
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    its still heading north, albeit slowly.

  10. #80
    buster48 is offline Junior Member
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    BigP( or anyone) what time (uk time are you calling daily open,thanks for any reply,also another good chart Bigp so thanks for that

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