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  • #1,138,941
  • Dec 19, 2017 5:57am Dec 19, 2017 5:57am
not a big fan of EW but this still remains the highest probability for the next few days (into NY2018).
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  • #1,138,942
  • Dec 19, 2017 6:01am Dec 19, 2017 6:01am
Quoting asgcorp
{quote} you have a high risk of getting stopped out big move incoming. I'd revise that stop by 50 points. I don't have a trade going, but will look to load up long target is parity.
are there any projection of yours for USD/CHF like the picture you have? I'm kinda confused now and thinking to close my trade first and re-enter later... so , the stop better at 0.972? Where is the target for the kneejerk in upcoming tax event today you expect?
  • #1,138,943
  • Dec 19, 2017 6:04am Dec 19, 2017 6:04am
Quoting FateAnother
{quote} are there any projection of yours for USD/CHF like the picture you have? I'm kinda confused now and thinking to close my trade first and re-enter later... so , the stop better at 0.972? Where is the target for the kneejerk in upcoming tax event today you expect?
I can only present the facts: 1) gap fill is 100% guaranteed today. 2) Gap fill could be a gap overshoot before reversal - this means you need a stop at least 30-40 points below the gap 3) USD CHF parity will come soon. ))) That's what I can tell from my analysis.

Quote
are there any projection of yours for USD/CHF like the picture you have?

lol. ))) I can do a bunch of them. But that would be curve-fitting. )))
  • #1,138,944
  • Dec 19, 2017 6:07am Dec 19, 2017 6:07am
Quoting asgcorp
{quote} I can only present the facts: 1) gap fill is 100% guaranteed today. 2) Gap fill could be a gap overshoot before reversal - this means you need a stop at least 30-40 points below the gap 3) USD CHF parity will come soon. ))) That's what I can tell from my analysis.
that's very helpful. thx!
  • #1,138,945
  • Dec 19, 2017 6:21am Dec 19, 2017 6:21am
A possible reversion coming at EU:
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"In God we trust."
  • #1,138,946
  • Dec 19, 2017 6:34am Dec 19, 2017 6:34am
Quoting renanc93
A possible reversion coming at EU: {image}
not going to happen at this moment. There are a big sellers there at the ecb press con. it will not go higher than that.
  • #1,138,947
  • Dec 19, 2017 7:00am Dec 19, 2017 7:00am
@asgcorp, are you not selling EUR/USD? It is nearing 1.184 at this moment. As for your trade in your thread, i can only see EUR/JPY short which is about to be filled in by now.
  • #1,138,948
  • Dec 19, 2017 7:09am Dec 19, 2017 7:09am
it probably will fall back down today due to the tax plan vote
Don't Worry Be Happy
  • #1,138,949
  • Dec 19, 2017 7:23am Dec 19, 2017 7:23am
will the building permits data push this pair lower today?
Don't Worry Be Happy
  • #1,138,950
  • Dec 19, 2017 8:19am Dec 19, 2017 8:19am
bankers are taking xmas break,
See PA its typical retail action,
doesnt make sense or reacts too slow
  • #1,138,951
  • Dec 19, 2017 8:24am Dec 19, 2017 8:24am
Quoting MrPresident
will the building permits data push this pair lower today?
it will but not instantly.
  • #1,138,952
  • Dec 19, 2017 8:27am Dec 19, 2017 8:27am
Quoting FateAnother
@asgcorp, are you not selling EUR/USD? It is nearing 1.184 at this moment. As for your trade in your thread, i can only see EUR/JPY short which is about to be filled in by now.
ej shorts on hold, I posted an update. I will review what happens when it hits higher near 50-55 area.

EU - no trades for me until we hit my target for the A/B/C correction. I might do some other trades, but due to being higher risk I won't publish them in here.

If for today your conviction is that EU will dump I'd recommend to play it via UCHF longs, it's a safer option.

PS: disclaimer. I could be actually totally wrong with my analysis, so please do your own due dill.
  • #1,138,953
  • Dec 19, 2017 8:39am Dec 19, 2017 8:39am
I posted a decent setup in EG but as always, I can't guarantee that price will retreat into the buy/load zone.
patience is required, good things take time.
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  • #1,138,954
  • Dec 19, 2017 8:44am Dec 19, 2017 8:44am
1h looks bearish plus it failed to reach yesterday's high.

I'm betting it's going down.
  • #1,138,955
  • Dec 19, 2017 8:50am Dec 19, 2017 8:50am
Quoting Starcraftmaz
1h looks bearish plus it failed to reach yesterday's high. I'm betting it's going down.
eventually yes, but probably not yet. still got supp here.
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  • #1,138,956
  • Dec 19, 2017 10:08am Dec 19, 2017 10:08am
lol. I see some figure that DXY is in bear mode. Soon it will be a reality check and a (possible) margin call. Trade safely!
  • #1,138,957
  • Dec 19, 2017 10:20am Dec 19, 2017 10:20am
i keep selling from these levels and it is is so fun
Don't Worry Be Happy
  • #1,138,958
  • Dec 19, 2017 10:39am Dec 19, 2017 10:39am
I am short E. with SL at 18.30...

price needs to break the 18.05 support to get moving south eagerly... Till then the danger to move substantially higher EXISTS...

Trade safe.
  • #1,138,959
  • Dec 19, 2017 10:50am Dec 19, 2017 10:50am
Quoting F.g
I am short E. with SL at 18.30... price needs to break the 18.05 support to get moving south eagerly... Till then the danger to move substantially higher EXISTS... Trade safe.
i'll look for a sell after it breaks 1.1805
MAKE IT RAIN
  • #1,138,960
  • Dec 19, 2017 10:57am Dec 19, 2017 10:57am
@asgcorp, are you checking FXE and UUP? It's rather abnormal. They kept hitting new level of demand and supply these days after FOMC. Rather crazy i'd say or it's more like market is confused?
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