EU added shorts #6 and #7. we'll see what NY brings looks like a bumpy ride......IMO, MM's are building shorts we'll see what happens above 1.3900.
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DislikedEJ Short Trade Opened: Entered shorts #1-3, Scouts. The H1 chart shows how dramatic was the pump yesterday, and it is being followed up in the LS before the USO and NFP. All of this PA has put the price above a whole number on a 400+ pips bull swing, it has also put the price well over 100 pips above RWH. Topping it off, our M1 chart shows very notable activity once the price made it above this current whole number, which is a PVSRA indication the MMs are bears. I suspect they are closing longs and opening shorts, but time will tell. And the NFP...Ignored
DislikedThere is only one way USD is going- Down! I am not long USD on anything. Look at the AUD USD and EUR USD charts. IMHO, AUD USD long will be the best trade of this year. It has formed a substantial triple bottom on the daily and weekly tome frame and knocking on the long term resistance here. If it breaks above 91-92 range in sustained manner, expect it to head up , much higher. Just my 2 cents. Yen longs on the other hand side, looks yummy. I am short AUD JPY, GBPJPY.Ignored
Disliked{quote} Your analysis assumes that a) price isn't going to retrace from its current highs and b) we are all taking trades based on the daily and weekly TFs and c) it's a valid analysis. We will see what happens. Price may go up. It may also go down.Ignored
DislikedI know we don't trade the news. However, this article was published by an MM and illustrates an interesting point. Notice how price went the opposite way of what they were telling the public http://www.forexfactory.com/news.php?do=news&id=474304Ignored
DislikedI know we don't trade the news. However, this article was published by an MM and illustrates an interesting point. Notice how price went the opposite way of what they were telling the public http://www.forexfactory.com/news.php?do=news&id=474304Ignored
Disliked{quote} Yes, totally BS and that's how they suck in news traders and steal their $.Ignored
DislikedEU Daily, inverted H & S with a pin bar forming food for thought for next week. {image}Ignored