DislikedEG is in the zone upper end UC at 61R should start drifting down EA still going up {image}Ignored
I have question.
why you think EG is in the zone upper end ?
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DislikedEG is in the zone upper end UC at 61R should start drifting down EA still going up {image}Ignored
Disliked{quote} hello Davit and everyone. I have question. why you think EG is in the zone upper end ?Ignored
DislikedEG is in the zone upper end UC at 61R should start drifting down EA still going up {image}Ignored
Disliked{quote} U/C is not exhausted yet..further more upside 1.35-1.36 ehmmIgnored
DislikedEG is in the zone upper end UC at 61R should start drifting down EA still going up {image}Ignored
DislikedHi Davit i like your system i want to ask you,,,R78 is good point for entry,,,??? or we should wait for TDI Cross over.Ignored
DislikedHi Davit i like your system i want to ask you,,,R78 is good point for entry,,,??? or we should wait for TDI Cross over.Ignored
DislikedI don't have lots of time but I like to emphasize what I am mean higher probability trades My pivot system is based on pivots 61 good Probability 78 better then good 100 A+ set ups Now here is the real heart of the matter lets say you took 100 trades at 100 S/R you most likely will hit 80% winning trades.This means risk reward ratio in your favor hands down!! Once you understand risk (lot size positions in multiple entries) and balance with reward you have a quantitative EDGE If you enter 61 and build positions to 100 its still great risk reward...Ignored
Disliked{quote} "Drag"hi speak today. Lets see how this race ends. {image}Ignored
DislikedNot sure if this has been answered already but I had a question regarding the ADR indicator. On my charts it seems to calculate the ADR based on the calendar day range and not the new day's market open which corresponds to the daily market open (ie, 5pm). So for instance on my attached chart the ADR for the GBP/JPY for today's open at 5pm should be 40 pips not 110 as displayed on the indicator. Is this the way it is supposed to work? {image}Ignored
Arguments For Weaker Payroll
The European Central Bank left monetary policy unchanged Thursday and as Mario Draghi spoke, the EUR/USD raced above 1.06. However it ended the New York trading session below this key level as U.S. dollar strength prevented the pair from extending higher. Nodding to the improvements in growth and inflation, the central bank raised its 2017 and 2018 GDP forecast by 0.1% and boosted this year’s inflation forecast to 1.7% from 1.3%. ECB also raised its forecast next year by 0.1%. Draghi admitted that the economic risks they have feared are less pronounced, the balance of risks have improved and said the ongoing economic expansion should be firm and broaden. With that in mind, underlying inflation pressures remain subdued and for that reason, they are looking beyond the temporary increase in inflation. These comments from Draghi were less dovish than most of us had anticipated but at the end of the day, this only keeps policy in the Eurozone steady for the foreseeable future at a time when the Federal Reserve is planning to raise interest rates three times this year. So while the euro should rise, its best performance should be against other currencies like sterling and the Japanese yen -- but not the U.S. dollar.
Amid all of the focus on the euro and U.S. dollar, it was a relatively quiet day for the British pound. No major economic reports were released from the U.K. and after 2 weeks of heavy selling, GBP/USD stabilized near 1.22. We continue to expect sterling to underperform ahead of next week’s potential Brexit trigger, with Friday’s price action driven by Nonfarm Payrolls and the market’s appetite for U.S. dollars. That said, U.K. industrial production and trade balance are due on Friday.
USD/CAD raced to a high of 1.35 on Thursday extending a rally that began at the start of the month. Since January 27, we have seen USD/CAD rise from 1.31 to 1.3535 with very little retracement. As a result, the currency pair is significantly overbought and Friday’s jobs report could send it tumbling lower. While the employment component of IVEY PMI increased last month, pointing to job growth, a pullback is expected after last month’s strong rise. If Canada reports job losses, it could be just the excuse USD/CAD traders need to take profits on their long positions. If the data is good and Canada continues to churn out jobs, the next stop for USD/CAD could be 1.36. The Australianand New Zealand dollars also traded lower Thursday. There were no major economic reports released from either country but softer consumer price growth in China and the steep drop in commodity prices kept pressure on the currencies. Although AUD/USD and NZD/USD are both hovering near support at 75 cents and 69 cents respectively, there’s certainly scope for further losses if the U.S. dollar continues to rise.