EUR/USD Technical Analysis from a Newbie (need to be confirmed)

If the aud usd does not bounce back on monday which the eur usd follows thats the only thing that held it. Then, well wll leav it to wednesday is aud usd is not up by wednesday it could be all down hill.

But if i’m right aud usd should bounce back on monday tuesday wed thurs if not collapse is imanate

Well put!!!

Don’t be to hard on him he follows the weekly fed rate, seen it before in new traders

IF your going to be a fed rate follower then you should wait till after tokyo closes and make sure its 30 percent in green before you post gives you a 15 percent chance of being right a tip

But i highly suggest against this its about correlation , not about fed rates or any rate all stems from aud usd learn the aud usd and then you will be good. its likea horse race and takes sitting there all day watching calculating

I wasn’t having a go, I really thought you were kidding. So, you really believe that? Same with that stuff about EurUsd following AudUsd lead, despite EurUsd being far more important?
Does that mean you were serious about that other comment on Brexit referendum being irrelevant and saying there would be no spikes or reversals?

It has become apparent to many of us, over recent weeks, that the Fisherman, to put it very politely, seems to believe a number of things which most people making a living through their trading would consider “highly eccentric, unwarranted and unorthodox”, not to put too fine a point on it.

He’s entitled to his opinions, I suppose. It’s just when he makes them sound like “fact” and/or offers them as “advice” that they can potentially be very counterproductive (and, in some cases, even downright dangerous) to the uninitiated.

I will stay away from the EUR pairs and the GBP pairs this week , unless something jumps at me .

There’s no touche y feely about it , number 1 I only trade aud usd, number 2 I say I In aud usd thread ( which hasn’t lost a profit anyway) and number 3 i posted everywhere something seems fishy don’t trade there gonna flip.

Call me eccentric but don’t call me wrong.

I didn’t see anyone posting everywhere well three threads i did don’t trade something seems fishy she’s gonna flip .

you confuse intelligence with eccentric.

I am non stop calculating combinations and in this rare event if my calculations are correct if you are quick on the button then in theory all the pairs should aline.

as soon as 7am opens
if you were to buy
aud usd
nzd usd
eur jpy
usd cad
gbp aud
eur aud

within 1 minute of opening
in theory , but only in theory you should be in profit before the australian market opens

you should make a profit without effecting margin to much but not a theory i have ever tested but in theory it would work and its not advice.

But if my calculations are correct

if you were to buy these six pairs when open by 10am you should be in profit. with less margin risk because of such a down.

this is not advice but a theory , do what you want with it

Haha

S h i t talk needs no words…a universal gesture…

Ha ha keep posting bad things bob while I keep winning h ha , it worked :slight_smile:

Keep posting bob while I keep winning it worked so there.

The EURUSD may get trapped momentarily between the 1.1000 level and the 1.1100.

On Friday session the single currency tumbled amid volatile trading, after Brexit vote surprised the market participants. The euro depreciated by 2.6% to 1.1086, an intraday high was marked at 1.1427 and the daily low at 1.0911. Friday’s bottom turned out to be the lowest point since early March. The pair remains below the moving averages, while RSI is in favor of the bears.

You don’t say!
I wonder why that happened? Any ideas?

On the last Friday’s session the EURUSD crash dived with a mega range and closed in the middle of the daily range, however managed to close below the previous Thursday’s low, which suggests bearish momentum.

The pair closed below the 10, 50-day that should now act as dynamic resistances but managed to close above the 200-day moving average that should act as dynamic support.

The key levels to watch are: A daily resistance at 1.1237, a daily support at 1.1097, the 200-day moving average at 1.1078 (support), and Fridays low at 1.0912 (support).

Haha, very funny.

On Monday session EUR/USD remained without significant change amid the suffered losses from Friday. The single currency added only 11 pips to a closing price of 1.1023 after consolidation within the extreme values 1.1083 and 1.0970. The is moving under the moving average, while the index of relative strength remains in favor of the bears.