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  • #1,137,501
  • Oct 20, 2017 8:27am Oct 20, 2017 8:27am
It seems to be taking its sweet time testing the 1.1670's again. If it holds--this would be the third time, then it's likely to continue going up or at least be in a ~150 pip consolidation. I, however, believe it will break through for an eventual daily downtrend in the near future.

Who knows?
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Taigen Profit This Month: na
  • #1,137,502
  • Oct 20, 2017 8:51am Oct 20, 2017 8:51am
Quoting Tradingwithw
Alright friends- as I said, smooth ride this week with the only hurdle being Draghi tomorrow. Watch London opening with New York following the direction. Draghi is likely to stick to the same play book he used Saturday HERE That doesn't necessarily mean another shot straight down, but it should mean the top around 1.1880 is safe unless Draghi does a complete 180 from his comments Saturday. Use caution, this is not the time to be using 10 or 15 pip stop losses! As...
have a good weekend! Sure got close! Good flows this week, hope some of you made some loot!
  • #1,137,503
  • Oct 20, 2017 9:20am Oct 20, 2017 9:20am
Quoting Tradingwithw
{quote} have a good weekend! Sure got close! Good flows this week, hope some of you made some loot!
It's great to be a long term or trend trader because Draghi has, in the long run, no affect on the direction of the market. Through the years, all he's has caused were blips one way or another but has never turned a trend which is more governed by economic forces striving for balance than anything else.

I do understand that daytraders and scalpers need to hang on everyword he says because he does indeed affect the daily trend.
Taigen Profit This Month: na
  • #1,137,504
  • Oct 20, 2017 9:24am Oct 20, 2017 9:24am
Quoting Taigen
{quote} It's great to be a long term or trend trader because Draghi has, in the long run, no affect on the direction of the market. Through the years, all he's has caused were blips one way or another but has never turned a trend which is more governed by economic forces striving for balance than anything else. I do understand that daytraders and scalpers need to hang on everyword he says because he does indeed affect the daily trend.
Holy lord in heaven the crazy shit you hear on these forums....

please google ECB Mandate, interest rates vs currency prices, and quantitative easing effect on currency
  • #1,137,505
  • Oct 20, 2017 9:31am Oct 20, 2017 9:31am
Went long now at 1.17 85 SL at 74

Shorted $JY at 113.50 SL at 70

  • #1,137,506
  • Oct 20, 2017 9:38am Oct 20, 2017 9:38am
Bulls can’t get it over 1.1880, bears can’t event attempt a test of 1.1670. Here we are sitting in the middle again, maybe the big players waiting for next week to decide on the next move. I don’t see anything meaningful in this week’s trading. If someone could let the market know that it is ok to actually move, that would be great, thanks.
  • #1,137,507
  • Edited 12:14pm Oct 20, 2017 9:56am | Edited 12:14pm
GBP going wrong way?
NOTHING seems to have any effect on this beast. It's ruled by the laws of space and time. Rules from the seveth dimension, we're all slaves to the primary cycle muhahahahahaaaaa.
Founder of Sutherland Wave Principle
  • #1,137,508
  • Oct 20, 2017 10:07am Oct 20, 2017 10:07am
Quoting Tradingwithw
{quote} Holy lord in heaven the crazy shit you hear on these forums.... please google ECB Mandate, interest rates vs currency prices, and quantitative easing effect on currency
You get it, at least I hope you do. It's all about balancing economic forces--not silly speeches. Yellen, Draghi, and that ilk, it's more what they don't say is what people need to be concerned about. They are just the puppeteers that get the flak for the central banks. The Federal Reserve is a private corporation mainly run by european banker families. I believe the Rothschilds own the biggest shares of the Federal Reserve. It's the central banks, not their spokesman that determine QE, interest rates, tapering, etc. which affect the market tremendously. It's a joke to say the Yellen has any say on interest rates. However, it must be said that if you day trade or a scalper, then you need to pay attention to these blips.
Taigen Profit This Month: na
  • #1,137,509
  • Oct 20, 2017 2:01pm Oct 20, 2017 2:01pm
Sell open.

SL-1.17976
TP-1.17326

2% always risk :-)
  • #1,137,510
  • Oct 20, 2017 2:27pm Oct 20, 2017 2:27pm
Quoting MarkoTrd
Sell open. SL-1.17976 TP-1.17326 2% always risk :-)
Yellen speaking after closed market. Im sensing a gap down by sunday. Looking at bottom for retesting at 1.168x.
and maybe try a long from there.
Trade what you see, take what the market gives you.
  • #1,137,511
  • Oct 20, 2017 3:02pm Oct 20, 2017 3:02pm
Quoting VuLe
{quote} Yellen speaking after closed market. Im sensing a gap down by sunday. Looking at bottom for retesting at 1.168x. and maybe try a long from there.
Gap down will be a nice.

But nice too close before market close ;-)

What i will do...
  • #1,137,512
  • Oct 20, 2017 3:08pm Oct 20, 2017 3:08pm
The short hit target. I'm thinking of placing a long to catch a possible gap up next week.
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Here's Tom with the weather.
  • #1,137,513
  • Oct 20, 2017 3:19pm Oct 20, 2017 3:19pm
Quoting MarkoTrd
{quote} Gap down will be a nice. But nice too close before market close ;-) What i will do...
Close.
  • #1,137,514
  • Oct 20, 2017 5:01pm Oct 20, 2017 5:01pm
At Least 62% of retail short the EUR
https://www.dailyfx.com/sentiment

https://forexfore.blog/
  • #1,137,515
  • Oct 20, 2017 5:27pm Oct 20, 2017 5:27pm
Quoting macdulio
At Least 62% of retail short the EUR https://www.dailyfx.com/sentiment https://forexfore.blog/
It's interesting to see 62% short when it's actually in a downtrend. It's always been ambiguous to me but isn't it usually more than 50% short in an uptrend?
Here's Tom with the weather.
  • #1,137,516
  • Oct 20, 2017 5:35pm Oct 20, 2017 5:35pm
Are there any resources online that show the historic sentiment?
Here's Tom with the weather.
  • #1,137,517
  • Oct 20, 2017 5:39pm Oct 20, 2017 5:39pm
Inserted Video
Founder of Sutherland Wave Principle
  • #1,137,518
  • Edited 5:17am Oct 21, 2017 4:50am | Edited 5:17am
Last week Pivot Points for the next week outlook.

- Trump said on Friday he thinks Republicans have the votes needed to pass a big tax cut package.
- Gold, Yen, up after Yellen's ride at White House...
- BoC rates on Wed
- ECB rates on Thu

EUR/USD Low Gap on Monday?

...I expect 1730 on Monday's London session
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Member
  • #1,137,519
  • Oct 21, 2017 11:17am Oct 21, 2017 11:17am
Quoting TudorIoan
Last week Pivot Points for the next week outlook. - Trump said on Friday he thinks Republicans have the votes needed to pass a big tax cut package. - Gold, Yen, up after Yellen's ride at White House... - BoC rates on Wed - ECB rates on Thu EUR/USD Low Gap on Monday? ...I expect 1730 on Monday's London session {image}
Agree!
and Iam in short as well from 1.1815 and 1.18
  • #1,137,520
  • Oct 21, 2017 12:52pm Oct 21, 2017 12:52pm
Not so fast with falls ?
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