DislikedThank you Jay for your posts! I hope I can comment here. Do you think EU has more room to go up? I am looking for buy 1.148 area and ride it for 300 pips to 1.18Ignored
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Disliked{quote} Hey Jay, Just wondering if you can offer any nuggets about how best to interpret these Bank Participation Reports. They don't seem to make much sense at first glance. For instance, the banks have been net long the CME Euro every month since the last available report in April 2014 (albeit to various degrees). So that means they they were net long throughout the massive move down from 1.4 to 1.05. WTF? Why would they do that? Similar story in gold too. The banks usually appear to be on the wrong side of the moves. Have a look at this chart:...Ignored
DislikedI'll be hopefully posting a kind of a prolonged post or maybe even thread about this subject in the near future.Ignored
Disliked{quote} EURUSD reversed just 20 pips shy from the 1.1635 target, giving whoever missed a train a new chance to go long Again any down move is an opportunity to buy! Careful with the Money Management though, this can dip all the way to 1.1220. Trade smart!Ignored
DislikedWhere is FX-Jay? I have gone through all his posts since April ,2016. Haven't seen a single post after 8th of May. 2016. I hope all is well . Eagerly waiting for Jay's posts.Ignored
Dislikedd{quote} it went 1.1220 indeed, just wondering has the probability expired considering almost 2 weeks. or still valid. thanksIgnored
Disliked{quote} Yep 1.1220 is now cleared. I don't have any new buy signal at the moment, but the old one with target 1.1635 still holds. In other words, I've been adding to my long position as we dropped from 1.1600 to 1.1220, but I won't be adding any more positions below 1.1220 until/if I get a new buy signal. For the time being its hold & wait for meIgnored
Disliked{quote} When you will consider this setup invalid ? I mean when will you consider closing position if it just keep continuing downwards ?Ignored
Disliked{quote} I can see from your last call, price missed the target by just few pips only, so dont you consider it to be target hit as +/- few pips is ordinary in market. {image}Ignored
DislikedHere are some quick statistics that I recently encountered & thought it would be interesting to share: * Out of the last 10 years, GBPUSD had 9 out of 10 negative May months. It was interesting to see GBPUSD reverse on the last day of May this year to close the month in the negative territory & continue the losing streak. * Out of the last 10 years, EURUSD had 9 out of 10 negative May months. The only positive May month was May 2009 * June has been historically the best month to buy EURUSD since its introduction in 1999. 11 out of the last 17 Junes...Ignored
DislikedHere are some quick statistics that I recently encountered & thought it would be interesting to share: * Out of the last 10 years, GBPUSD had 9 out of 10 negative May months. It was interesting to see GBPUSD reverse on the last day of May this year to close the month in the negative territory & continue the losing streak. * Out of the last 10 years, EURUSD had 9 out of 10 negative May months. The only positive May month was May 2009 * June has been historically the best month to buy EURUSD since its introduction in 1999. 11 out of the last 17 Junes...Ignored
DislikedHere's my take on the whole Brexit situation, and how I project it to affect the market: (This is just my own personal opinion & in no way a trade recommendation. Unlike my trade setup calls, this opinion is not based on statistics or probabilities, it's just merely my projection on what I believe is the scenario that will play out in the next few days) Pre-Brexit Vote: The pressure will continue on GBP. GU will slide lower to test the low of 1.38xx lows. The two main contributors will be: 1- More Polls showing that people are supporting a Brexit...Ignored
DislikedHere's my take on the whole Brexit situation, and how I project it to affect the market: (This is just my own personal opinion & in no way a trade recommendation. Unlike my trade setup calls, this opinion is not based on statistics or probabilities, it's just merely my projection on what I believe is the scenario that will play out in the next few days) Pre-Brexit Vote: The pressure will continue on GBP. GU will slide lower to test the low of 1.38xx lows. The two main contributors will be: 1- More Polls showing that people are supporting a Brexit...Ignored