Anyone else with IBFX? Their iPhone platform has been down since yesterday afternoon Mountain Time, which has me stranded at my day job. ![](https://resources.faireconomy.media/images/emojis/64/1f624.png?v=15.1)
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EurAnalysis Kindergarten 24 replies
DislikedAnyone else with IBFX? Their iPhone platform has been down since yesterday afternoon Mountain Time, which has me stranded at my day job.Ignored
DislikedAnyone else with IBFX? Their iPhone platform has been down since yesterday afternoon Mountain Time, which has me stranded at my day job.Ignored
DislikedAnyone else with IBFX? Their iPhone platform has been down since yesterday afternoon Mountain Time, which has me stranded at my day job.Ignored
Dislikedtried using meta trader 4 iphone app? im with xogee based broker, down since like months ago, and now using meta trader 4 app, though its a basic monitoring app,ie entry/exit only..
regardsIgnored
DislikedMy next, larger account which I'll be opening will be with FXCM. Goferpips recommended IBFX to me many months ago for a first-timers small account.Ignored
DislikedHey guys,
Does anyone have or recommend an Elliot Wave indicator or tool that can be used on MT4? Or am i just wasting my time?
thanks,Ignored
DislikedGood morning everybody
These are very interesting times indeed. The hopium train is chugging down the tracks that will take them across the bridge between Bearville and Bullville, yet nobody knows if there is such a bridge. So the question remains... "Is the bridge out?"
http://www.dreamstime.com/broken-bri...umb9782421.jpg
Today we will get the first report from Benny as to whether or not the FOMC has decided (or seems ready to decide in September) to build a QE3 bridge. In my opinion, there will be no such bridge this month, although a hint from Benny that he's got his finger on the button may be all that is needed to feed the hopium. Any hint that QE3 is not in the cards this year (or a lack of any hint that it is), and that would be strike one against the hopium train, and focus will turn towards Draghi tomorrow.
Tomorrow will be Draghi's turn to have a go at creating an ECB-QE bridge. Let's look at that a bit closer. Last Thursday, Draghi made some very bold statements. Here is the only one the market is focused on...
"Within our mandate ECB ready to do whatever it takes to preserve the euro... and believe me it will be enough"
It's easy to see from the above statement that the market will take that as a huge promise to intervene. However, the market is known for reading stuff between the lines when such "between the line stuff" doesn't exist. My view on this statement is that the "Whatever it takes" bit is very much tied to the "Within our mandate" bit. It is not within the ECB's mandate to finance or contribute towards financing government debt. Doing so will be a violation of treaties and subject to litigation from those states opposed to such action... not to mention the negative impact such a move will have on the ECB's credibility as an institution. I'll post more on this tomorrow.
Today we have some economic data coming out of both Europe and the US. I'm not sure there will be much impact from it as the market will be more focused on the FOMC statement at 18:15 GMT. However, the data could influence the market's net sentiment after the FOMC statement is released. Check the calendar for details and times regarding the EZ and US data. Of note among the data releases of course is the ADP Non-Farm release at 12:15 GMT.
From a technical perspective, I am focusing on the developments of the H4 chart. To me it is very much in a consolidation range of indecision. Looking at the chart below, I see a huge potential inverted H/S pattern which (if played out) could take us all the way up to 1.2750 area. The neckline on this inverted H/S comes in around 1.2440/45 area. On the bearish side, we also have a smaller potential H/S pattern on H4 with a neckline at 1.2220 and a completion target of 1.2040/50. There is lots of confluence with the above mentioned levels in terms of fibo levels and trendline/channel resistance/support, so those numbers make lots of sense. First level to be violated and the technical picture shifts. Until then, it could go either way.
Obviously my sentiment is bearish risk. Benny will do nothing and Draghi's actions will be more Euro bearish in the mid to long term. Today's ADP NFP and Friday's US NFP numbers will not impress, but they will not be bad enough to justify QE3. The USD will resume its bullish direction, commodities will come down on dollar strength and the markets/economy will continue to chug along slowly. I could be wrong but the probabilities are on my side. In the end, anything is possible. As I have said many times before, I position myself based on probabilities and not possibilities.Ignored
DislikedThere are a few out there but I've never seen one that is worth its salt. My advice is to try them so that you see for yourself, but if you've got better things to do, don't waste your time.
Here are the ones I have tried...Ignored
DislikedAnything less than 95% perfect and I put it in the "Sucks Bananas" category.
They are all in the "sucks bananas" category so take your pickIgnored
DislikedThere are a few out there but I've never seen one that is worth its salt. My advice is to try them so that you see for yourself, but if you've got better things to do, don't waste your time.
Here are the ones I have tried...Ignored