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  • #1,124,861
  • Jul 25, 2017 10:03am Jul 25, 2017 10:03am
I am NOT calling a top here at 1.17 13 but it might be.....

Exited long at 1.16 70 and reversed to short .

BP still long but my SL is about to be hit at 1.30 40 ...

same with AU$ long SL 0.7940 . . .

S+P took my pr. and am flat.
  • #1,124,862
  • Jul 25, 2017 10:09am Jul 25, 2017 10:09am
Quoting edyraper
{quote} Welcome back Max, great call. Not looking for shorts at these highs?
shorts not for me atm
momentum is with the long and the monthly chart is running strong, my bubbles are looking interesting
Attached Image (click to enlarge)
Click to Enlarge Name: EU 2017 Jul 25d.PNG Size: 22 KB
  • #1,124,863
  • Jul 25, 2017 10:27am Jul 25, 2017 10:27am
Quoting a16908
Get ready for the fall...bye bye BULLS
Did anyone trusted me .....
  • #1,124,864
  • Jul 25, 2017 10:30am Jul 25, 2017 10:30am
Congrats to all the longs. Hope you had some healthy pip action.

Not a lot of R/S history to go on here so it is hoped that the resistance will be at 1.1700 and it will begin to form a retracement. The fibonacci @ 61.8 would be somewhere in the 1.1200's. Need to keep in mind that all currency is fiat. Perceived value is just that. It can just as easily go down as up, however, the market itself is fairly faithful to patterns, and in particular, the fibonacci ratio upon which the retracement and extension is based.

I already have my shorts in place so I hope anyway that 1.1700 will be the turning point.

Eventually, the european union will kick back and not allow their currency, the Euro, to be priced out of the market. As it is, the high valuation euro is hurting the european car industry. We'll see what happens.
Taigen Profit This Month: na
  • #1,124,865
  • Jul 25, 2017 10:34am Jul 25, 2017 10:34am
Has no one noticed the $ index? Today it made contact with the weekly 200ema and rebounded strongly off of today's pivot support level 2. Is this the end of the EU Bull run, for now at least? Certainly could be.
  • #1,124,866
  • Jul 25, 2017 10:39am Jul 25, 2017 10:39am
ok,now with this price action we should see the 4 hours should close around 1.1660-50 , daily stoch gives good divergence ,so u guys should switch to weekly stoch and wait for the cut towards downwards and short the pair.good luck
  • #1,124,867
  • Jul 25, 2017 11:14am Jul 25, 2017 11:14am
Quoting MaxDoom
{quote} shorts not for me atm momentum is with the long and the monthly chart is running strong, my bubbles are looking interesting {image}
Nice bubbles
  • #1,124,868
  • Jul 25, 2017 11:17am Jul 25, 2017 11:17am
Anybody waiting for downside pullback after Yellen?

Still holding short from 1.16, but with 1.17 test today correction wave may be triggered somewhere higher.
  • #1,124,869
  • Jul 25, 2017 11:27am Jul 25, 2017 11:27am
Quoting available
Anybody waiting for downside pullback after Yellen? Still holding short from 1.16, but with 1.17 test today correction wave may be triggered somewhere higher.
I wouldn't expect Yellen to do any favours for dollar. I expect the usual mumbling message of 'I doubt', 'I'm afraid'. In short 'no balls approach'. Even though they gonna stay with balance sheet reduction start this year and one more rate increase end of the year that's something that is already priced in.

She's very effective in triggering dollar sell-offs with her dovishness so euro will most likely go up tomorrow. Last time, if I remember correctly, usd went up after Fed was in December....
  • #1,124,870
  • Jul 25, 2017 11:27am Jul 25, 2017 11:27am
Free your mind....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM125072017.png Size: 33 KB
We err, and err, and err again, but less.
  • #1,124,871
  • Jul 25, 2017 11:30am Jul 25, 2017 11:30am
Quoting effix02
{quote} I wouldn't expect Yellen to do any favours for dollar. I expect the usual mumbling message of 'I doubt', 'I'm afraid'. In short 'no balls approach'. Even though they gonna stay with balance sheet reduction start this year and one more rate increase end of the year that's something that is already priced in. She's very effective in triggering dollar sell-offs with the dovishness so euro will most likely go up tomorrow. Last time, if I remember correctly, usd went up after Fed was in December....
BIG BUT: from my news flow, it looks like people are starting to realize that ECB balance sheet reduction starts in 2020 at the earliest...and that is still somewhat speculation. While we are seeing that the FED is actually doing it this year/soon.

I think the EUR is also massively overvalued at this point and we start down soon - but I suppose who knows.


EDIT: I also think the fed did a mini operation twist and bought some of the far end of the curve along with China selling off. And that until now has caused USD woes in addition to Trump's crap... but I think the US was bringing down the "far end" of the curve to create room for the USD to go up again as they hike/tighten the short term of the curve - since the reaction will be for that to ripple to the long term. But I suppose who also knows.
  • #1,124,872
  • Jul 25, 2017 11:33am Jul 25, 2017 11:33am
The steady rise of UJ is a source of concern to the EU bulls and UJ has closed above the 200 ema on the 30 TF, this is after the bullish divergence of course,(most major turning points show early on the 30 TF).

Therefore looking for a dip on the M30 to go long on UJ.
Read in between the price!!!
  • #1,124,873
  • Jul 25, 2017 11:33am Jul 25, 2017 11:33am
eu is hilarious today
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 53 KB
  • #1,124,874
  • Jul 25, 2017 11:36am Jul 25, 2017 11:36am
We are just 1 pips higher than on thursday rate decision ...
  • #1,124,875
  • Jul 25, 2017 11:38am Jul 25, 2017 11:38am
Quoting skillz16
{quote} BIG BUT: from my news flow, it looks like people are starting to realize that ECB balance sheet reduction starts in 2020 at the earliest...and that is still somewhat speculation. While we are seeing that the FED is actually doing it this year/soon. I think the EUR is also massively overvalued at this point and we start down soon - but I suppose who knows. EDIT: I also think the fed did a mini operation twist and bought some of the far end of the curve along with China selling off. And that until now has caused USD woes in addition to Trump's...
Mostly agree with you, I just said Yellen is not gonna support usd tomorrow. Regarding the discrepancy of monetary conditions in US and Eurozone that indeed favours dollar but before it is reflected in the fx euro may still make a few hundred pips (on fumes of overblown, irrational expectations)
  • #1,124,876
  • Jul 25, 2017 11:47am Jul 25, 2017 11:47am
If someone has open position with Pound ivolved , beare of Haldane in 15 min .
These speeches are market in orange , but Haldane is often a mover I have noticed
  • #1,124,877
  • Jul 25, 2017 11:49am Jul 25, 2017 11:49am
Quoting yanitsa
If someone has open position with Pound ivolved , beare of Haldane in 15 min . These speeches are market in orange , but Haldane is often a mover I have noticed

Have you oil positions Yanitsa? Waiting for big moves up in this one
  • #1,124,878
  • Edited 12:02pm Jul 25, 2017 11:51am | Edited 12:02pm
Quoting skillz16
{quote} BIG BUT: from my news flow, it looks like people are starting to realize that ECB balance sheet reduction starts in 2020 at the earliest...and that is still somewhat speculation. While we are seeing that the FED is actually doing it this year/soon. I think the EUR is also massively overvalued at this point and we start down soon - but I suppose who knows. EDIT: I also think the fed did a mini operation twist and bought some of the far end of the curve along with China selling off. And that until now has caused USD woes in addition to Trump's...

I think you are very wrong. The euro is undervalued although we might get a retrace at this moment but every decline should be used to buy.
  • #1,124,879
  • Jul 25, 2017 11:56am Jul 25, 2017 11:56am
Quoting Tsar
{quote} I wish you're Not Late join this Euro Party's Today GBU
I shorted @ 17045 and closed 1659
Just some scalping, thats all!
How about you?
  • #1,124,880
  • Jul 25, 2017 11:59am Jul 25, 2017 11:59am
Quoting Marianne
{quote} I think you are very wrong. The euro is undervalued
With a long term PPP approach it is indeed undervalued but currencies hardly ever trade at PPP. However taking into consideration the monetary policy stance both in US and Eurozone it's definitely ahead of reality right now.
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