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  • #1,114,161
  • Jun 2, 2017 5:17am Jun 2, 2017 5:17am
Quoting Angelina
{quote} hehe, just want to see where is 161.8%
Lol.. don't take my newbie challenge too serious.. just out of boredom.. is okay..

Stay Green
Focus only on what truly matters!
  • #1,114,162
  • Jun 2, 2017 5:17am Jun 2, 2017 5:17am
Sorry guys!
Correct one here!
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  • #1,114,163
  • Jun 2, 2017 5:17am Jun 2, 2017 5:17am
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When life gives you lemons, make lemonade
  • #1,114,164
  • Jun 2, 2017 5:20am Jun 2, 2017 5:20am
Quoting Ata-Turkoglu
{quote} Well, your term "institutions" is very shallow.. every institution has a management who generally know nothing about technicals. They hire pro traders who trade manually or uses complex automation based on private algorithms which can have fib calculations embedded. Again the management can't know about these details and woldn't give a shit anyway. Therefore we can't say institutions don't use fib since you don't know which institution is using who or what kind of algorithm or system. Stay Green
I do know. Worked 15 years in them.
If you came into a meeting and management asked why you went long at a certain price and your answer was 'oh it was the 61.8% fib retracement level' you would be fired on the spot. Think about it , its a ridiculous proposition that an institution would invest billions into a market because of some random number or that it was oversold on MACD or in the 5th wave of some cycle.

Algos are programmed with levels. Just not the Fib levels.
Boxing clever since 76.
  • #1,114,165
  • Jun 2, 2017 5:22am Jun 2, 2017 5:22am
Quoting F.g
{quote} Mate , have no target . I only follow the trend tightly and am watcfull for a trend reversal-correction .
S+P flat but it seems to continue up , without me...
BP flat ,too with some profits. ... I am not sure but I won't be suprised if we witness another attack towards the
1.29 20 level . . . I have a sell pending at 1.28 65 ON STOP . ...
  • #1,114,166
  • Jun 2, 2017 5:25am Jun 2, 2017 5:25am
Quoting copi88
{quote} I do know. Worked 15 years in them. If you came into a meeting and management asked why you went long at a certain price and your answer was 'oh it was the 61.8% fib retracement level' you would be fired on the spot. Think about it , its a ridiculous proposition that an institution would invest billions into a market because of some random number or that it was oversold on MACD or in the 5th wave of some cycle. Algos are programmed with levels. Just not the Fib levels.
I agree with your experience. But still it doesn't mean you can generalize. You bumped on those who don't use fib.. is okay.. but fibs are important for many who know how to make use of them. Just like martial arts.. it is useless to compare them with each other since what really matters is who uses them and how.

Stay Green
Focus only on what truly matters!
  • #1,114,167
  • Jun 2, 2017 5:40am Jun 2, 2017 5:40am
looks bearish and ready to drop
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Don't Worry Be Happy
  • #1,114,168
  • Jun 2, 2017 5:42am Jun 2, 2017 5:42am
For All Fellow Traders,

Be Carefull with Market Reaction to Fridays NFP Today. In 45 minutes again ; the Market always give the Reaction before !


The US Nonfarm Payrolls and Unemployment Rate are out today, June 2, 2017, at 13:30 UK Time (GMT+1)
And are expected to cause significant volatility in the markets.

An economic indicator that tends to trigger sharp market movements both in the minutes leading up to its release and in its aftermath, the NFP data is released by the US Department of Labor on the first Friday of each month and outlines changes in the number of employees, excluding farm workers and those employed by the government, non-profit organizations and private households.

Markets are looking for another strong NFP number as confirmation that the Federal Reserves policies of monetary tightening are working.


Take Care...
Always looking the GREAT, never left GOOD Point...
  • #1,114,169
  • Jun 2, 2017 5:45am Jun 2, 2017 5:45am
Quoting Tsar
For All Fellow Traders, Be Carefull with Market Reaction to Fridays NFP Today. In One Hours again ; the Market will Reaction before... The US Nonfarm Payrolls and Unemployment Rate are out today, June 2, 2017, at 13:30 UK Time (GMT+1) And are expected to cause significant volatility in the markets. An economic indicator that tends to trigger sharp market movements both in the minutes leading up to its release and in its aftermath, the NFP data is released by the US Department of Labor on the first Friday of each month and outlines changes...
possible scenarios?

 

  1. bad nfp numbers, EURUSD goes to 1.07 then back to 1.14
  2. good nfp numbers, EURUSD goes to 1.14 then back to 1.07

the wtf move that proves that news only increases liquidity but does not determine direction

When life gives you lemons, make lemonade
  • #1,114,170
  • Jun 2, 2017 5:47am Jun 2, 2017 5:47am
Quoting micho
{quote} possible scenarios? bad nfp numbers, EURUSD goes to 1.07 then back to 1.14 good nfp numbers, EURUSD goes to 1.14 then back to 1.07 the wtf move that proves that news only increases liquidity but does not determine direction
If we see an NFP number 4.6%, the markets will most likely see USD come under downward pressure.
An NFP number of >225K, with an Unemployment Rate remaining at 4.4% (or better), will likely result in USD strengthening.

It should be noted that, should any part of this Friday's report disappoint, it is likely that investors will start to close their long USD positions, or potentially start selling USD ahead of the June FOMC meeting.

As always, it will be important to note any revision from the previous month (211K) as this will impact market sentiment regardless of the current release.
Always looking the GREAT, never left GOOD Point...
  • #1,114,171
  • Jun 2, 2017 5:49am Jun 2, 2017 5:49am
Quoting micho
{quote} possible scenarios? bad nfp numbers, EURUSD goes to 1.07 then back to 1.14 good nfp numbers, EURUSD goes to 1.14 then back to 1.07 the wtf move that proves that news only increases liquidity but does not determine direction
Without Daily Close above 1.1275, 1.07 is never happening and 1.08 is never happening no matter the nfp numbers.
  • #1,114,172
  • Jun 2, 2017 5:49am Jun 2, 2017 5:49am
Quoting Tsar
{quote} If we see an NFP number 4.6%, the markets will most likely see USD come under downward pressure. An NFP number of >225K, with an Unemployment Rate remaining at 4.4% (or better), will likely result in USD strengthening. It should be noted that, should any part of this Friday's report disappoint, it is likely that investors will start to close their long USD positions, or potentially start selling USD ahead of the June FOMC meeting. As always, it will be important to note any revision from the previous month (211K) as this will impact market...
i dont think so, i think nfp is just fuel that moves the car but back or fourth is not decided by fuel but by the driver
When life gives you lemons, make lemonade
  • #1,114,173
  • Jun 2, 2017 5:52am Jun 2, 2017 5:52am
No eFfecting Price Even total hysteria 40mins 30 pip wobble..
It's a trick question.. nothings wrong with it. Angelina is using some advanced fib to target method.
Founder of Sutherland Wave Principle
  • #1,114,174
  • Jun 2, 2017 5:53am Jun 2, 2017 5:53am
  •  dot0
  • | Joined Sep 2012 | Status: I pity the fool that fails to laugh | 368 Posts
Quoting F.g
{quote} S+P flat but it seems to continue up , without me... BP flat ,too with some profits. ... I am not sure but I won't be suprised if we witness another attack towards the 1.29 20 level . . . I have a sell pending at 1.28 65 ON STOP . ...
Went up, still on it
c'mon baby, daddy needs brand new clogs...
  • #1,114,175
  • Jun 2, 2017 5:57am Jun 2, 2017 5:57am
Quoting micho
{quote} i dont think so, i think nfp is just fuel that moves the car but back or fourth is not decided by fuel but by the driver

I hope your Prediction is correct...

Today, PRICE of Pounds 1.2852 & Euro 1.1212 (around)
Pounds is Cheap and Euro is Expensive
Always looking the GREAT, never left GOOD Point...
  • #1,114,176
  • Jun 2, 2017 5:57am Jun 2, 2017 5:57am
EUR/USD
The EUR/USD pair fell a bit during the session on Thursday, testing the 1.12 level. I believe there is a significant amount of support below, so the market has a proclivity to go to the hindsight. However, this is a market that tends to be very volatile during these announcements, so a pullback would not be surprising at all. Having said that, I believe that the longer-term trend to the upside will continue, and that a pullback will more than likely offer value. If we never break below the 1.12 level, that’s an extraordinarily bullish sign, and send this market much higher. I still have a longer-term target of 1.15 above, but realize that it is going to take a significant amount of time to get there. In the meantime, short-term “buying the dips” types of trades are probably going to be the majority of trades available for you.
if you my trade,My-post analysis, subscribed to ME
  • #1,114,177
  • Jun 2, 2017 6:02am Jun 2, 2017 6:02am
Quoting suthmo
No eFfecting Price Even total hysteria 40mins 30 pip wobble.. It's a trick question.. nothings wrong with it. Angelina is using some advanced fib to target method.

this is advance too:

Quoting ruma29
...DXY crossed ema21 up on H1...
...and still is up....
  • #1,114,178
  • Jun 2, 2017 6:02am Jun 2, 2017 6:02am
Quoting micho
{quote} i dont think so, i think nfp is just fuel that moves the car but back or fourth is not decided by fuel but by the driver
Yes.. and the one and only driver is Jason Statham.. anything else is fake..

Stay Green
Focus only on what truly matters!
  • #1,114,179
  • Jun 2, 2017 6:07am Jun 2, 2017 6:07am
I've never seen just 15 pips range in 12 hours in a long time. This is a bucket with tnt waiting for someone to smoke next to it
few pips a day, keeps the doctor away...
  • #1,114,180
  • Jun 2, 2017 6:10am Jun 2, 2017 6:10am
Quoting nodoubt
I've never seen just 15 pips range in 12 hours in a long time. This is a bucket with tnt waiting for someone to smoke next to it
...don't react like is your first NFP Friday or your first year of trading
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