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  • #1,137,641
  • Oct 26, 2017 7:06am Oct 26, 2017 7:06am
Quoting haathmilao
{quote} Watch Forex Calendar
I do every day. There was no news, yet a huge spike in trading. Typically that happens during high impact news releases. No high impact news (aside from a neutral bid rate) was released. Yet the volume spiked greatly. So aside from the obvious "pay attention to the calendar" did anything happen?
  • #1,137,642
  • Oct 26, 2017 7:08am Oct 26, 2017 7:08am
Quoting 4xNewGuy
{quote} I do every day. There was no news, yet a huge spike in trading. Typically that happens during high impact news releases. No high impact news (aside from a neutral bid rate) was released. Yet the volume spiked greatly. So aside from the obvious "pay attention to the calendar" did anything happen?
It was due to ECB rate decision. You will see more huge moves during press conference, around 20 minutes from now.
  • #1,137,643
  • Oct 26, 2017 7:10am Oct 26, 2017 7:10am
Quoting 4xNewGuy
{quote} I do every day. There was no news, yet a huge spike in trading. Typically that happens during high impact news releases. No high impact news (aside from a neutral bid rate) was released. Yet the volume spiked greatly. So aside from the obvious "pay attention to the calendar" did anything happen?
Is it a joke?
  • #1,137,644
  • Oct 26, 2017 7:14am Oct 26, 2017 7:14am
Saaawiiing batta batta batta sawing.... (Ferris Bueler). Sweet... just banked 54 pips!
Taigen Profit This Month: na
  • #1,137,645
  • Oct 26, 2017 7:15am Oct 26, 2017 7:15am
Quoting 4xNewGuy
{quote} I do every day. There was no news, yet a huge spike in trading. Typically that happens during high impact news releases. No high impact news (aside from a neutral bid rate) was released. Yet the volume spiked greatly. So aside from the obvious "pay attention to the calendar" did anything happen?
I hope so you are a troll, for your good, today is a big big big day
patience, patience, patience and after that more patience
  • #1,137,646
  • Oct 26, 2017 7:16am Oct 26, 2017 7:16am
ECB Press Conference - 26 October 2017, in less than 15 min...
Inserted Video


Go Draghi, go...
I am who I am
  • #1,137,647
  • Oct 26, 2017 7:18am Oct 26, 2017 7:18am
Quoting haathmilao
{quote} It was due to ECB rate decision. You will see more huge moves during press conference, around 20 minutes from now.
Thank you for your input. It's nice to not get some trolling for once.

edit: I should add, I'm just getting back into it after about a 1 1/2 year hiatus.
  • #1,137,648
  • Edited 8:32am Oct 26, 2017 7:19am | Edited 8:32am
Quoting 4xNewGuy
Hmmm.... A 55 pip 15m candle. Anybody have any links to any news? It's not every day I see 7000+ volume on a 15m eur/usd candle.
Today's News is: Giant vampire bats sighted over Gotham, and some mini and micro bats are infesting the downtown area.
Over to the weather today we're looking at Gartley with a 78.2 % chance of fall
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  • #1,137,649
  • Oct 26, 2017 7:22am Oct 26, 2017 7:22am
Quoting 4xNewGuy
{quote} Thank you for your input. It's nice not not get some trolling for once.
If you are not trolling a word of advise: you shouldn't really be trading this pair if you don't have a clue. Today is the most important day of the year for EUR, ECB decisions are setting market's stance for the next months.
  • #1,137,650
  • Edited 7:57am Oct 26, 2017 7:32am | Edited 7:57am
The problem with using red horizontal lines is the tendency to freak out thinking the spreads jumped 30 pips

ECB is going to move god by vibrating their larynx while exhaling... ?

Quoting carlob
{quote}Today is the most important day of the year for EUR, ECB decisions are setting market's stance for the next months.
The ECB printing press, discussing idealized conceptual data of the fake economy? The guys who can't agree among themselves why this goes up and down... are gonna set the future...?
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  • #1,137,651
  • Oct 26, 2017 7:35am Oct 26, 2017 7:35am
Quoting carlob
{quote} If you are not trolling a word of advise: you shouldn't really be trading this pair if you don't have a clue. Today is the most important day of the year for EUR, ECB decisions are setting market's stance for the next months.
I'm just doing demo right now. I'm not foolish enough to jump in with with all of my savings or anything like that, while having been out of the game for a long time. Most of the news releases for the past few months that I've been back in have been pretty predictable. This one just struck me as odd, but again thanks for the info. A lot of news is listed as low/medium/high impact. But it appears some of those high ones are even higher than high impact.
  • #1,137,652
  • Oct 26, 2017 7:57am Oct 26, 2017 7:57am
would be funny to see the most important ECB event of the year with no moves at all
COT: The precious data ignored
  • #1,137,653
  • Oct 26, 2017 8:02am Oct 26, 2017 8:02am
Lets see the effect of Draghi's speech today. Why do I think it will move higher today so it can have a space to drop down tomorrow.
  • #1,137,654
  • Oct 26, 2017 8:13am Oct 26, 2017 8:13am
Quoting DwainUK
Lets see the effect of Draghi's speech today. Why do I think it will move higher today so it can have a space to drop down tomorrow.
It might be like some old GBP news releases I saw. It goes bull before the release, goes bear after the release (despite it being positive news), then an hour later goes bull again, and ends up roughly where it should be. This one went bear hard and quick, now a couple of small longs (still demo trading tho), are profitable.
  • #1,137,655
  • Oct 26, 2017 8:24am Oct 26, 2017 8:24am
Firstly fine fellows, you would have to have a track record of proving you know where the markets gonna move every hour every day for lets say.. a whole month and do this many times to prove that you in fact are a jedi master. THEN..., you would have to show your original projection, AND..., highlight how the news moved price against it..

Surely there's one among you, worthy of such noble a task, my good sirs?
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  • #1,137,656
  • Edited 9:54am Oct 26, 2017 8:35am | Edited 9:54am
Well there it was 1780 was very noisy.
Those who have fallen defending 1800, we salute you.

We may actually leave this god forsaken range woo level alarms are triggered.

I could get used to this..
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  • #1,137,657
  • Oct 26, 2017 10:10am Oct 26, 2017 10:10am
Big drop on the corner... Catalan Parliament Session to proclaim independence - at LDN close time, 50 min by now...
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I am who I am
  • #1,137,658
  • Oct 26, 2017 10:25am Oct 26, 2017 10:25am
Ok, price finally fell bellow 1.1712 as my model predicted, although sadly with 17day delay due to (massive/huge) unusual events but as I have said previously, price always reaches - although with delay - the more the market try to resist/counter-speculate the heavier the aftereffects. So TP was a success, signal was not marked as scalpable although it was (maybe) implied as pretty (daily/short-term) tradable for which I apologised many many times (see below). But so far all my prices were reached, 2 of them with up to a month delay and one potential was mentioned as possibility but not certainty (1.190). Scalable signal(s) were also reached in between- one of them was remarked to tradable from scalpable (although it was the later in retrospect).

So I hope ANYone of you appreciates what I'm posting. This is my last post this year (2017), unless anyone have any (constructive) questions. And I reconfirm DOWNtrend for at least the next 3months... *Won't respond to negative, just ignore if you don't like...

So far my predictions/forecasts/trends were I assume very good for longterm/unleveraged traders, although good for short-term traders also if they traded only what I specificly said "scalpable"... Not so good for scalpers that traded those with huge delay..

You have my (additional) 3 month prediction now, by which you can judge later (you had trend direction for almost a month now, if you just pure shorted from 1.182 in the beginning of October when I posted the trend for 3months - extending now)... I might post some more specific trades next year, with TP and SL!, suggested leverage etc... But for now that's it. I hope you value the trend direction signal for now, it might be very useful for your future trades should you value/use trend info well...


References:

Quoting auricforecas
Anyone wants 20+ PIPs, sure thing? SHORT TP 1.1712
Quoting auricforecas
{quote} Now you can get 30+ PIPs out of this. Still, SHORT TP 1.1712. Have faith.

Quoting auricforecas
{quote} Set TP at 1.1712 and go to sleep.
Quoting auricforecas
Yes, it appears I was (in very short term) wrong... It seems upward trend but... don't be fooled by the glamour. Price 1.1712 will be reached, I'm sorry the signal wasn't scalpable but the price will be there... soon
Quoting auricforecas
1.1712
Quoting auricforecas
Here's my last reply till price falls bellow 1.1712... I'm sorry for yesterdays signal to short 20-30PIPs... The only reasonable explanation that I can find is that my model collapses when there are strong disturbances in the market so it totally messes up leveraged trades or tight risk ratios. BUT on the positive note. I'm not uncertain price will fall bellow 1.1712, the only variable is time, good for longterm traders not so good for short... At least for this signal. All my prices were eventually hit and I've been in this business for 7+ years....

Quoting auricforecas
{quote} I already did that, 3 times. But I also stated that price is still ok (trend not trade). So I admit again, as I did a few times, the trade signal was wrong but price (direction) isn't. You can quote within let's say, a month? My confessions: https://www.forexfactory.com/showthr...2#post10373352 https://www.forexfactory.com/showthr...9#post10375529 https://www.forexfactory.com/showthr...2#post10378242
Can you afford to take that chance?
  • #1,137,659
  • Oct 26, 2017 10:36am Oct 26, 2017 10:36am
Hmm, we need to break 1661 (low from 8/17) for the head and shoulders confirmation, but only 1688 low today. Not a really a great triple bottom, but that could be it. A confirm break of 1661 should usher in a change in the medium term trend and should lead to a decent down move. If we don’t get to ever test it though there is not much we can read into this. We are still just stuck in the same somewhat narrow range we have been stuck in for a month.
  • #1,137,660
  • Oct 26, 2017 10:38am Oct 26, 2017 10:38am
My (short-term/daily) TP is currently at 1.1680 (cca 20pips away). Will wait a few hours to see what happens short-term.

*Easter egg: my short-term/daily for BTC is 6.200 USD, trading just for a fun. *Either I "believe" in the bitcoin itself is irrelevant for this easter egg.
Can you afford to take that chance?
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