Disliked{quote} I think Aussie's control all the markets,lol If it tries to push to the fifty, could be a bounce in the box...I'm riding 2 contracts, not giving it back,lol {image}Ignored
- #70,889
- Oct 27, 2017 11:28am Oct 27, 2017 11:28am
{quote} many analysts say it's the beginning of the downtrend. But I have a pair of SR bar that will tell me which way should I take..{image} {image} while it is still in the range, I think It would be better to scalp the market until it's clear
Here's Tom with the weather.
- #70,890
- Edited 2:44pm Oct 27, 2017 12:25pm | Edited 2:44pm
- Joined Jul 2016 | Status: Trader | 1,453 Posts | Online Now
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
- #70,891
- Edited 5:07am Oct 29, 2017 4:09am | Edited 5:07am
From fundamental perspective what we know so far is that:
- Larry Kudlow: President Trump needs a stable dollar along with tax cuts to maximize growth
- Dollar Pares Gains After Hitting Highest Level in More Than 3 Months
- The US GDP sent the USDJPY to a new session high on Friday, but the pair stalled against a ceiling area defined by swing highs from April at 114.37 and July at 114.49. The high peaked at 114.44 - in between the two levels. The fundamentals support a higher dollar (I would think). The yields are at a cross roads though and so are the technicals on the USDJPY chart. As a result, there is a little pause and depending how the wind blows will control how the pieces all come together. The good news is there are some pretty definitive levels that should give bullish or bearish bias clues. Use them to your trading advantage.
For more details: https://www.forexfactory.com/showthr...8#post10438528
- #70,895
- Edited 5:00pm Oct 29, 2017 12:53pm | Edited 5:00pm
- Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts
Good Day traders. it should be a great week of trading, long weekend studying the charts and the road map is finally clear.now we are into what i know. got a nice close below last weeks trend line. but that is just the beginning of the whipsaw. like to or not it is what it is. I would recommend keeping this around for reference. I have nothing to gain or lose, by sharing this. Its a 1 trade early but i can start the 1000 pip trade. its actually a few trades but i guarantee if 113 and 114 hold up its on. im comfortable enough to start it now. going to front run my 1k trade. held the 114 short over the weekend. lets work together and put the green pips in our accounts and not the market makers. 
This is the wildest ride i have ever seen, and the first repetable pattern i found shees a jem. if you find yourself on the wrong side of a trade please get out, from this point there will be no mercy until 115.49 thats where you want to look take short positions for a challenge of the low. last time this happened i did not speak up and a lot of good traders got hurt or just plain wiped out. ive led you to water its up to you now.
- #70,896
- Edited 4:42pm Oct 29, 2017 12:57pm | Edited 4:42pm
- Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts
- #70,897
- Oct 29, 2017 2:44pm Oct 29, 2017 2:44pm
- Joined Aug 2017 | Status: Trader | 3,293 Posts
Its all just one persons opinion
- #70,898
- Oct 29, 2017 4:41pm Oct 29, 2017 4:41pm
- Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts
- #70,899
- Oct 29, 2017 8:14pm Oct 29, 2017 8:14pm
- Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts
You should be able to pick off a short here. Nice higher M formation and rejection form the trend line from last week on the 15m chart. 
