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  • #1,129,401
  • Aug 22, 2017 3:55pm Aug 22, 2017 3:55pm
Quoting sakisf
{quote} Dollar is strengthening during Asia & Europe sessions. Don't trust smallish retraces with strong 5m bars in EU. UC as you said, AU/NU paving the way for commodity currency retracing which will be followed by European currencies soon. {image}
wow. where do u get this data from?!
  • #1,129,402
  • Aug 22, 2017 4:03pm Aug 22, 2017 4:03pm
Quoting sakisf
{quote} Dollar is strengthening during Asia & Europe sessions. Don't trust smallish retraces with strong 5m bars in EU. UC as you said, AU/NU paving the way for commodity currency retracing which will be followed by European currencies soon. {image}
Agree...
  • #1,129,403
  • Aug 22, 2017 4:22pm Aug 22, 2017 4:22pm
The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline following weaker-than-expected euro zone data as well as investors adjusting positions ahead of a global central bankers' conference later this week.” (Reuters)
The USD has limited downside on most major pairs in our view and the euro is due a correction to the downside. Here is a view that is bemusing...
“The dollar may have been boosted by the view that Fed Chair Janet Yellen may not rule out a rate hike in December despite tame inflation and a less than 40 percent chance that the Fed would do so.”(Joe Manimbo, senior market analyst, Western Union Business Solutions)
Why would she rule out a hike? The Fed have made it clear, that they are confident inflation will rise so a rate hike is on the table. From our perspective rate expectations can't get any worse for the dollar or better for the euro – we expect a significant correction with speculative euro long positions at there highest level since 2013.
In terms of the commodity currencies we are out and out bearish of the AUD & CAD V the USD. Firm metal prices and the surge in Iron Ore prices (Australia's biggest export) have failed to give the Aussie a lift and we now expect lower prices.
In terms of USD/CAD – We have the largest speculative short position in 5 years and two rate hikes expected by the market in the coming months – we don’t expect any and also lower crude oil prices will send the CAD down:
“Crude oil prices will remain stuck in a range near $50 a barrel unless one of two global hotspots delivers an October surprise to the market, jolting the cost of crude higher, according to Helima Croft, global head of commodity strategy at RBC Capital Markets.” (CNBC)
We doubt the surprises will come or make any difference – here they are:
If the United States abandons an international deal that lifted sanctions on Iran the oil exports will be restricted and If we get a debt default by Venezuelan oil giant Petroleos de Venezuela SA. Oil production from the state-owned PDVSA has steadily slipped as the country grapples with a financial crisis but will it go down?
China and Russia probably wont let it and the idea that sanctions on Iran will have much impact is misplaced in our view as Russia and China will still buy. We have vast over supply of crude even with these events coming to reality and far lower prices are expected.
In terms of data tomorrow we have Wednesday August preliminary PMIs for the EU and the US, and new home sales for the US which in our view will have little impact as the markets are focused on Jackson Hole on Friday...
We are long term bullish the JPY but in the short term expect the USD to rally to correct oversold. In terms of GBP/USD we expect just a little more downside and if we hit target we will probably look to buy the GBP as a hawkish BoE should support it from major support.
  • #1,129,404
  • Aug 22, 2017 4:31pm Aug 22, 2017 4:31pm
Quoting denisius
Wow my suspension was removed. Thank you Twee ! While I was " grounded " something very interesting crossed my mind. Need to test that theory. According to my new old theory I called it " fat guy decision" buyers will come around 1680 this time rather then 1730. I might be completely wrong. Will see. How is everyone doing today? I hope you guys had good day today!
my advice to you is: focus on yourself and your trading only..... try to avoid confrontations...it only shows your frustration......invest your energies in learning the market and how to create an edge on it.
trading is simple but is simple is not easy.
  • #1,129,405
  • Aug 22, 2017 4:32pm Aug 22, 2017 4:32pm
all he has to do is convert it into some charts

Quoting destroyer69
{quote} wow. where do u get this data from?!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,129,406
  • Aug 22, 2017 4:41pm Aug 22, 2017 4:41pm
Quoting Bones
all he has to do is convert it into some charts {quote}
That would be redundant Numbers are easier to read!
  • #1,129,407
  • Aug 22, 2017 4:45pm Aug 22, 2017 4:45pm
Quoting sakisf
{quote} Dollar is strengthening during Asia & Europe sessions. Don't trust smallish retraces with strong 5m bars in EU. UC as you said, AU/NU paving the way for commodity currency retracing which will be followed by European currencies soon. {image}
Its normal for EU to prepare for a run on monday&tuesday...the fact that they were selling EU should make you careful about selling it...looking at chart, its very risky, because what you see as selling, I see as bottoming and getting ready for a rocket launch. I have my short pending orders above 1900. But I don't even know if I would keep them for long, because it may not end there.
Everyone can see the chart, but only a few can actually read it.
  • #1,129,408
  • Aug 22, 2017 5:51pm Aug 22, 2017 5:51pm
Quoting OnlineAddict
{quote} Just experience...and from watching the PA this week, can't really explain. But if I am right, we will see 1790 within hours(during asian session or frankfurt).
one clue is how fast the candles went up and then struggled to go back down, that's a bullish sign.
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  • #1,129,409
  • Aug 22, 2017 7:07pm Aug 22, 2017 7:07pm
Quoting genghistar
{quote} I am short @11817 SL 11827 TP 11690. Gs
Since I am already 2X my RR therefore I am moving my SL to 11790 and TP remains the same.

I am sure posters/traders will get busy predicting when PA is active again. Darn if ONLY I know how to predict I will surely make it to Forbes list in no time. I can never learn HOW to predict no matter how hard I try.

Cheers and happy predicting.....

GS
  • #1,129,410
  • Aug 22, 2017 7:27pm Aug 22, 2017 7:27pm
Quoting Connors
{quote} You are "the best Forex Trader of the world" as we the world we know it. Thanks to your mummy and your dad -who forgot to wear the umbrella that night and the barmaid for the free drinks when it comes to that. Imagine you could have ended up on a sheet, what would we do without you gengis?
Thank you Mr Conner I will take it as a compliment but I wont dare accept it cos only a fool believes in his own lies.
Try to have a good day always....

GS
  • #1,129,411
  • Aug 22, 2017 7:35pm Aug 22, 2017 7:35pm
Quoting Connors
{quote} Dully noted. You have no game here without any proof. Try your local pub if you need to satisfy yourself, this is not the place.
Thank you but I don't smoke and drink and I cant eat any solid food except thru my peg and what proof are u referring to ?
  • #1,129,412
  • Aug 22, 2017 7:56pm Aug 22, 2017 7:56pm
https://www.forexfactory.com/showthr...&goto=lastpost
I believe in myself.
  • #1,129,413
  • Aug 22, 2017 8:01pm Aug 22, 2017 8:01pm
[quote=Connors;10216861]{quote} Trades.. Stop talking after fact, it is hilariously funny. Show us Forex teacher what you are made of. Before the fact tell us sth that is supposed to happen according to your experience. Let us evaluate you, without the need of appreciating yourself alone non-stop like a maniac. Get real or get out, and do not rely on your long term membership with FF. Those days are gone. No mercy for bullies, bullshitters, trolls, scammers and such here anymore. If you have sth to contribute do it -but properly- you have no ground to look down on us here while we actually don't know what/how you trade. Otherwise shut up and bring silence to the table when you can't bring anything else.[/quote

Mr. Conner I think you are mistaken cos my trade call was made 21 hrs ago and I refute your allegation that I posted my trade call after the fact and its against my principle and culture to do so becos that is lying which can bring ver bad karma. I don't understand why you are accusing me of all those very things which I am personally averse and totally against those practices. I can sensed your anger and hate towards me and I will shut up as you wanted even though this is a public forum where no one should have a dominion over it unlike those colonial days where segregations rules.
Anyway Its not my intention to evoke and further provoke your negative energy which isn't helpful to anyone in any circumstances.
Cheers and try to be happy making those pips you are making.......End of msg.

GS
  • #1,129,414
  • Aug 22, 2017 8:07pm Aug 22, 2017 8:07pm
Sadly I'm gonna hit the sack here soon..BUT short currently. .pending long at 27 ish.. tp at 775 ish.. short from there with no tp. That's my 2 cents. Ish.. and 2 cent is might all I end up with in that account after I wake up
  • #1,129,415
  • Aug 22, 2017 8:12pm Aug 22, 2017 8:12pm
Quoting Connors
{quote}{quote} OK, feck it? Are you turkish? I have a very close friend, cypriot turkish - Cengiz. And stop calling me Mr. I am just a little above 30. Fuck! I never want to be called Mr!
Sorry I addressed you as Mr out of respect and not your age. Its my upbringing I guessed.
  • #1,129,416
  • Aug 22, 2017 8:17pm Aug 22, 2017 8:17pm
Quoting Venomousssss
Sadly I'm gonna hit the sack here soon..BUT short currently. .pending long at 27 ish.. tp at 775 ish.. short from there with no tp. That's my 2 cents. Ish.. and 2 cent is might all I end up with in that account after I wake up
Should be okay altho long may be a bit quick , least for me ,,,,,,,,daily closed back in the channel , longs my view below 1718 to hold for a while ,,,,,,,,still think a daily close lower needed for the pop higher , white average rough monthly average (200sma 4 hour) had to ride that for a bit for the big pop the last time time will tell, short atm also looking for below 1718 cheers
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  • #1,129,417
  • Aug 22, 2017 8:19pm Aug 22, 2017 8:19pm
Quoting digger1
{quote} Should be okay altho long may be a bit quick , least for me ,,,,,,,,daily closed back in the channel , longs my view below 1718 to hold for a while ,,,,,,,,still think a daily close lower needed for the pop higher , white average rough monthly average (200sma 4 hour) had to ride that for a bit for the big pop the last time time will tell, short atm also looking for below 1718 cheers {image}
Tossed in another long at 708 just for you
  • #1,129,418
  • Aug 22, 2017 8:26pm Aug 22, 2017 8:26pm
Quoting Venomousssss
{quote} Tossed in another long at 708 just for you
lol, guaranteed 2 cents now ,,,,,,,, hoping for middle 16"s myself I have a good weekly level at 1709 so could be good
  • #1,129,419
  • Aug 22, 2017 8:39pm Aug 22, 2017 8:39pm
That would put last weeks low in sight tho ,,,,,, pick your poison,,,,,, gotta get away from where its at now tho lol. Current price is just fiddling in the middle , good way to get burnt on both ends. Will see what London has in store
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  • #1,129,420
  • Aug 22, 2017 8:42pm Aug 22, 2017 8:42pm
Quoting Connors
{quote} You are "the best Forex Trader of the world" as we the world we know it. Thanks to your mummy and your dad -who forgot to wear the umbrella that night and the barmaid for the free drinks when it comes to that. Imagine you could have ended up on a sheet, what would we do without you gengis? You are a treasure that yet to be discovered, streets should be named after you, poems are supposed to be written and songs.. Many songs.. I feel so romantic about you right now. Thank you for being with us..
Lmao @ You could have ended up on a sheet. Connors have you Been mixing Irish whisky with qauloods to think of such a thing looooool
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