Comments on: Daily analysis and trading strategies 12-21-09 http://www.innerfx.com/daily-analysis-and-trading-strategies-12-21-09.html FX Trading Blog Tue, 31 Jan 2012 12:22:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tweets that mention Daily analysis and trading strategies 12-21-09 | innerfx.com -- Topsy.com http://www.innerfx.com/daily-analysis-and-trading-strategies-12-21-09.html/comment-page-1#comment-404 Tweets that mention Daily analysis and trading strategies 12-21-09 | innerfx.com -- Topsy.com Mon, 21 Dec 2009 13:55:40 +0000 http://www.innerfx.com/?p=10740#comment-404 [...] This post was mentioned on Twitter by Forex Candlesticks, innerfx. innerfx said: #forex $EURUSD and $NZDUSD daily analysis and trading strategies 12-21-09 - http://bit.ly/8C4psj [...] [...] This post was mentioned on Twitter by Forex Candlesticks, innerfx. innerfx said: #forex $EURUSD and $NZDUSD daily analysis and trading strategies 12-21-09 – http://bit.ly/8C4psj [...]

]]> By: Liviu http://www.innerfx.com/daily-analysis-and-trading-strategies-12-21-09.html/comment-page-1#comment-403 Liviu Mon, 21 Dec 2009 12:16:43 +0000 http://www.innerfx.com/?p=10740#comment-403 Hi niajy. I am not a fan of EW either, since it is too subjective for my liking and different people do different waves counting and interpretation, hence I don't waste time in counting waves and rather focus on clearer (imo) aspects such as price action, momentum etc. We may see 1.37 - I don't negate that case, but even then - dollar will still be in a corrective phase, as it is now. Despite these 3 weeks decline, longer term uptrend is intact, no doubt about that. It's been a good year for the EUR if we start the counting back in March when it initiated the recovery, so there's enough room to the downside to allow the (poor) dollar to show its muscles - moving the ball into euro's bears court. Question is: will they sell more? Or the whole drop was/is yet another opportunity to buy dips for 1.5+ ? Personally, I rather see an extended action to the upside to confirm a potential resume of euro's appreciation - instead of going against the short-term trend now (not a good idea to try to catch the falling knife, unless risk is very small). The upside levels I watch for a possible confirmation of uptrend's resumption are 1.47 and 1.48. Until getting there, selling into anemic rallies seem a good plan to follow. Regarding your other questions, I'm waiting for your email. Have a nice day! Hi niajy. I am not a fan of EW either, since it is too subjective for my liking and different people do different waves counting and interpretation, hence I don't waste time in counting waves and rather focus on clearer (imo) aspects such as price action, momentum etc. We may see 1.37 – I don't negate that case, but even then – dollar will still be in a corrective phase, as it is now. Despite these 3 weeks decline, longer term uptrend is intact, no doubt about that. It's been a good year for the EUR if we start the counting back in March when it initiated the recovery, so there's enough room to the downside to allow the (poor) dollar to show its muscles – moving the ball into euro's bears court. Question is: will they sell more? Or the whole drop was/is yet another opportunity to buy dips for 1.5+ ? Personally, I rather see an extended action to the upside to confirm a potential resume of euro's appreciation – instead of going against the short-term trend now (not a good idea to try to catch the falling knife, unless risk is very small). The upside levels I watch for a possible confirmation of uptrend's resumption are 1.47 and 1.48. Until getting there, selling into anemic rallies seem a good plan to follow.
Regarding your other questions, I'm waiting for your email.

Have a nice day!

]]> By: niajy http://www.innerfx.com/daily-analysis-and-trading-strategies-12-21-09.html/comment-page-1#comment-402 niajy Mon, 21 Dec 2009 10:16:47 +0000 http://www.innerfx.com/?p=10740#comment-402 Hi. I'm not a fan of Elliot waves but if u look on daily chart EURUSD, it seems to be a 5 waves up and 1 wave down.. if it's correct then we should see further USD advance?! => to 1.37 ?! And I have a personal question about RO stock market... if u could answer me by mail... thanks.. Hi. I'm not a fan of Elliot waves but if u look on daily chart EURUSD, it seems to be a 5 waves up and 1 wave down.. if it's correct then we should see further USD advance?! => to 1.37 ?!

And I have a personal question about RO stock market… if u could answer me by mail… thanks..

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