DislikedYou are right. But, there are patterns repeating in an orderly way.Ignored
It works till it doesn't
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DislikedYou are right. But, there are patterns repeating in an orderly way.Ignored
DislikedI entered long and set SL above the entry. Now let me enjoy a Friday rally.Ignored
Dislikedthe reason why I got out of my short is because of eurusd break of the triangle to the upside. Although eurusd and audusd are not always correlated - given that they are in the same triangle formation, a move would often coincide. I realized that audusd was moving down only because eurusd was retesting the triangle line and was readying for a move higher - a slight uptick there coincided with small uptick in audusd - thus, if eurusud was readying for a rally to the upside - aud would most likely follow. When it comes to such triangles, Eurusd...Ignored
DislikedSome Bulls may be ready for CNY PMI tonight. This could be the reason 1.0400 held up this morning. If this is the case, a run-up to the close is highly possible. Coupling with the low volume, an out of proportion move may happen. I have witnessed this kind of PA a few times before. I watched the PA all day this session and feel that the underlying bullish power cannot overlooked.Ignored
DislikedAgreed, it also feels as tho the market has been pricing in a rate cut on Tuesday for the last couple of days.Ignored
DislikedCould be. Now, the traders who believe no cut will push it higher.Ignored
DislikedEven if there is a cut I don't see to much of a reaction to the downside 50/75 pips max, unless its greater than .25bps the swap on this pair is still higher than all the other majors which makes it a safe trade & china's economy is predicted to be better this quarter. Regardless of how real people think the numbers are that come out of china.Ignored