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  • #1,096,981
  • Mar 16, 2017 1:09am Mar 16, 2017 1:09am
Quoting fontu
{quote} he got it at a top & so likely goes more bear than any bull in his time period perhaps . fontu
Agreed!
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,096,982
  • Mar 16, 2017 1:18am Mar 16, 2017 1:18am
Quoting fontu
{quote} he got it at a top & so likely goes more bear than any bull in his time period perhaps , so another 2/3 months maximum bull may run before the bear may come . fontu
The only problem is I can't afford a long term short USD/MXN, It would give me so much interest that my broker will have to provide the IRS with a 1099-Interest form and I'd rather not have that happen.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,096,983
  • Mar 16, 2017 1:20am Mar 16, 2017 1:20am
Quoting yongsien
{quote} i got panic... LoL... I close my profit now... waiting for the next situation... but i think it would be bad for USD because of it's inflation... interest rate hike not good for currency...
This is what I know: The immediate hike was a reaction caused by the BIG BOYS (profit taking). An increase of rate from 0.75% to 1% = 0.25% profit. Hence selling the DOLLAR and buying the EURO.

Interest rate hike does not necessarily bad for the currency. Look what happened to Yen and Swiss (negative interest rates) in the long term. Rate that is too high or too low is never good for any currency.

Peace.
  • #1,096,984
  • Mar 16, 2017 1:35am Mar 16, 2017 1:35am
Quoting orangeRANGE
{quote} This is what I know: The immediate hike was a reaction caused by the BIG BOYS (profit taking). An increase of rate from 0.75% to 1% = 0.25% profit. Hence selling the DOLLAR and buying the EURO. Interest rate hike does not necessarily bad for the currency. Look what happened to Yen and Swiss (negative interest rates) in the long term. Rate that is too high or too low is never good for any currency. Peace.

The Swiss will decline when all the markets rates increases.
  • #1,096,985
  • Mar 16, 2017 1:40am Mar 16, 2017 1:40am
3 possible retraces (almost match with Ata-T's levels). The deeper it goes, the higher it will end up. Should it fail at last one to ~1.0660, then it will fully retrace the rate candle. So my trading plan, buy from 0690 to 0670 with sl at 0660. Should it continue the squeeze without retrace to 0770 (i.e. no 06xx), I am expecting it to enter range 0715-0770 for a week before further up.
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  • #1,096,986
  • Mar 16, 2017 1:45am Mar 16, 2017 1:45am
My Intraday Outlook.
(ahead London)

Fed hikes, USD sinks.
Janet Yellen's press conference helped euro to push above 1.0700.
The market disappointment with FOMC being less hawkish than expected is going to help more the euro.

With bullish fundamentals, is reasonable to be expected new Highs on the expansion levels of 1.0525 - 1.0714 momentum.
112% always a good expansion for a quick target, and more on the upside levels ...123.6%, 138%, 161.8% ...suit yourself.

Have a good trading day you all!
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  • #1,096,987
  • Mar 16, 2017 1:55am Mar 16, 2017 1:55am
Quoting KillerWhale
{quote} The only problem is I can't afford a long term short USD/MXN, It would give me so much interest that my broker will have to provide the IRS with a 1099-Interest form and I'd rather not have that happen.
Very interesting pair! what kind of waves run , monthly tf not enough to see perhaps . Anyway it likely getting support very soon or at , next monthly candle may correct before breaks out for next support . fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,096,988
  • Edited 2:18am Mar 16, 2017 2:06am | Edited 2:18am
Good morning

so so so, it took my1.072 and kissed my 1.074 to the pip, I love that.
Now, it is stuck up there and it doesn't know what to do. I don't love that.

And now we have a nasty setup with two possible scenarios:

Scenario 1): Long
1.07720 - 1.07768 is a very strong resistance (Fibs, Pivots, Extrentions)
If it breaks 1.07768: nothing should stop it until 1.08235
We are facing very strong weekly resistance up there!

Scenario 2): Short
It needs to break 1.07234 - 1.071, with 1.071 being really strong support
We could then slowly crawl down towards 1.06470...
It does paint short signals though and shows bullish exhaustion. (H1+H4)


Outlook:
I don't know!
We are on the upper end of an underlaying widerange uptrend in an overlaying short market that kisses it's bottom resistance.
Who knows what the market gods have in store for us here.
My guess is it will not break the D1 trend and remains short in the long run. (look at the weekly!)
There are still many important red flag events happening for the rest of the week, and they make anything very unpredictable.
So, my prices are targets that I aim for, should I trade it.
It all depends on if the USD breaks the neckline of it's SKS formation (Daily) and goes down, or if it bounces.
So from technical point of view, this is the situation and I can't make a prediction on it, until the market decides to take a direction.
It "should" go short, but lately the beast threw some nasty failsignals at me, so I'd stay very careful on any "longterm" trades.
My bias remains short.

I spare you the charts, (I didn't clean up yet, it's early)
Trade it careful and at your own risk.
My prices are results, not opnions.
I am not responsible for your losses. (If you took my 1.072/074 you are welcome)
Gimme a smile, that's always enough.
<- and please, fill in coffee here, please
you are not expected to understand this
  • #1,096,989
  • Mar 16, 2017 2:06am Mar 16, 2017 2:06am
It's quite interesting to trade EU, as it keeps bouncing up and down within 1.0350~1.0830 range since January 2017.

For those that love sideway's trading - this EU pair is most definitely one of the best pairs to trade
  • #1,096,990
  • Mar 16, 2017 2:09am Mar 16, 2017 2:09am
Quoting ruma29
{quote} That is your twin sister ...thats is who you are ..reflects your posts and personality...such ugly troll.
That was the whole point, sweety! I showed you my sister's photo because it reflects exactly my personality
Thnx for promoting us! Cheers!
Member
  • #1,096,991
  • Mar 16, 2017 2:10am Mar 16, 2017 2:10am
Quoting Eivans
Hello everyone, can some one please explane me why did the Eur/USD god hike ? I was thinking it will go down, because of the Federal funds rate ,and all other good
news , what happened to dollar ?????
Focus on your chart, candlestick formation. Fundamentals burns account. Analysts trick many traders to one direction while market takes different direction
Make all mistakes in demo and rain in pips in live account
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  • #1,096,992
  • Mar 16, 2017 2:22am Mar 16, 2017 2:22am
Quoting MarianneOslo
{quote} The Swiss will decline when all the markets rates increases.
Do You trade NOK , Marianne ?
Norges Bank will have an announcement today .

http://www.norges-bank.no/en/calendar/
  • #1,096,993
  • Mar 16, 2017 2:25am Mar 16, 2017 2:25am
If only we can stay away from fundamental analysts, media propaganda, I strongly believe we would be profitable in the long run. am not saying we should not know what is happening in the market. No. Taking position base on what analysts say, is what I mean
Make all mistakes in demo and rain in pips in live account
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  • #1,096,994
  • Mar 16, 2017 2:27am Mar 16, 2017 2:27am
Quoting 9jatrader
If only we can stay away from fundamental analysts, media propaganda, I strongly believe we would be profitable in the long run. am not saying we should not know what is happening in the market. No. Taking position base on what analysts say, is what I mean
Well I've only been trading less than a month and I already know this. I only use major news releases as a way for me to know that the price might move. But I've seen price move against what the news release would have you think it was going to do. So I learned early that the movement is entirely random, and you are better off getting into the momentum of the trade when you can determine it, than trying to predict what the momentum will be.
  • #1,096,995
  • Mar 16, 2017 2:29am Mar 16, 2017 2:29am
Quoting 9jatrader
{quote} Focus on your chart, candlestick formation. Fundamentals burns account. Analysts trick many traders to one direction while market takes different direction
only Forecasters do this.
Analysts just do their job.
- The technical analyst reads all the charts, applys analytic processes that lead to a result. They deliver this result, not more.
- The Fundamental Analyst, well I don't really know how they do it, but I am sure they deliver a result and nothing else.
- The TV and Website Forecasters create a buzz, a hype, whatever. Never listen to forecasters. Look at the charts, it's all there.

It is important to know that Analytics and Prophecies are not the same.
I am a technical analyst. I deliver a result, not a prophecy.
Also, in the world of a technical analyst "result" and "opinion" are not the same!
If the market does what it should, I'm good (and nobody says a word). If it doesn't I'm a fool (and I eat the shit).
So what...
Trade the present not the past and not the future.

every day I start, and I know nothing. Every day I end, and I know nothing.
you are not expected to understand this
  • #1,096,996
  • Mar 16, 2017 2:29am Mar 16, 2017 2:29am
What a spike in the EUR/USD! I bet most of the retail traders were caught off guard with all those expectations of a strong US dollar.
  • #1,096,997
  • Mar 16, 2017 2:31am Mar 16, 2017 2:31am
Quoting arigoldman
What a spike in the EUR/USD! I bet most of the retail traders were caught off guard with all those expectations of a strong US dollar.
If everyone and his Granny expects long dollar , it's likely to go short .
  • #1,096,998
  • Mar 16, 2017 2:31am Mar 16, 2017 2:31am
The poor guys who were short, they are more poor now....
No more Fight, the victory has come...
  • #1,096,999
  • Mar 16, 2017 2:33am Mar 16, 2017 2:33am
Quoting arigoldman
What a spike in the EUR/USD! I bet most of the retail traders were caught off guard with all those expectations of a strong US dollar.
And many expect usd stronger with news release
Risk comes from not knowing what you're doing.
  • #1,097,000
  • Mar 16, 2017 2:34am Mar 16, 2017 2:34am
Quoting Teek
{quote} only Forecasters do this. Analysts just do their job. - The technical analyst reads all the charts, applys analytic processes that lead to a result. They deliver this result, not more. - The Fundamental Analyst, well I don't really know how they do it, but I am sure they deliver a result and nothing else. - The TV and Website Forecasters create a buzz, a hype, whatever. Never listen to forecasters. Look at the charts, it's all there. It is important to know that Analytics and Prophecies are not the same. I am a technical analyst. I deliver...
We have so many rumor monger in the market,possibly they're also traders.
Make all mistakes in demo and rain in pips in live account
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