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  • #1,139,841
  • Jan 16, 2018 2:45am Jan 16, 2018 2:45am
Quoting mbrown
Longs from 2235 move SL to 2239.
Stopped +4
  • #1,139,842
  • Jan 16, 2018 2:49am Jan 16, 2018 2:49am
Quoting mbrown
Zero-lag indy thingy shows no signs of weakness and it seems this uptrend is firmly intact. However, this doesn't rule out normal fib retracements and I expect a pull-back to 2140 to 2177 area eventually before the uptrend resumes. This is the area where I will start to build long positions. {image}
agree..
  • #1,139,843
  • Jan 16, 2018 2:55am Jan 16, 2018 2:55am
Quoting NagaMas
{quote} agree..
The only issue I have on the analysis front is according to various probability analytics, if we breach 2145 it could be a full reversal based on probabilities go back to 2000. So I will be watching 2147 closely should the price reach that area.
  • #1,139,844
  • Jan 16, 2018 3:03am Jan 16, 2018 3:03am
Quoting TudorIoan
{quote}

hi bro join us here
  • #1,139,845
  • Edited 3:36am Jan 16, 2018 3:06am | Edited 3:36am
Quoting mbrown
{quote} The only issue I have on the analysis front is according to various probability analytics, if we breach 2145 it could be a full reversal based on probabilities go back to 2000. So I will be watching 2147 closely should the price reach that area.
that area would be a shallow reversal area (38.2). Let's see the PA around there and then We'll decide later on.

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  • #1,139,846
  • Jan 16, 2018 3:30am Jan 16, 2018 3:30am
Quoting PatienceFx
Quoting TudorIoan {quote} hi bro join us here
Thank you, man/guys. I'll come over time to time

Q: Will 1.2220 still hold?
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  • #1,139,847
  • Jan 16, 2018 3:44am Jan 16, 2018 3:44am
Modest recovery gains for the USD Index helped rebound above 90.500, but it seems to be a delicate move awaiting confirmation.

In the meantime, some short covering/long liquidation or position paring and profit taking, with EUR/USD now around 1.2250 vs 1.2217 low and near 1.2300 peak yesterday. I see a strong technical resistance at 1.2350, while support comes in around 1.2188-70.

Option expiries of note for today's 15:00 GMT:
EUR/USD: 1.2050 (853M), 1.2200 (331M).
  • #1,139,848
  • Jan 16, 2018 3:57am Jan 16, 2018 3:57am
Quoting Jonstaples
Modest recovery gains for the USD Index helped rebound above 90.500, but it seems to be a delicate move awaiting confirmation. In the meantime, some short covering/long liquidation or position paring and profit taking, with EUR/USD now around 1.2250 vs 1.2217 low and near 1.2300 peak yesterday. I see a strong technical resistance at 1.2350, while support comes in around 1.2188-70. Option expiries of note for today's 15:00 GMT: EUR/USD: 1.2050 (853M), 1.2200 (331M).
Nice TA, Jon! But mind that EUR/USD is played out on politics lately.
Politics pushed it up, politics caused the correction down, politics will support it to grow more...
...because I think euro is bullish on long term (at least until ECB, Jan.25 / Fed Jan.31) mean time corrections included.
The bad part is that the politics are impredictible
Take care and good luck!
Member
  • #1,139,849
  • Jan 16, 2018 4:12am Jan 16, 2018 4:12am
long 1.2230
  • #1,139,850
  • Jan 16, 2018 4:17am Jan 16, 2018 4:17am
Quoting TudorIoan
{quote} The bad part is that the politics are impredictible Take care and good luck!
In an unregulated market such as FX, there will always be someone profiting from private information (political news not yet released to the public) which leaves a footprint in EITHER time or price or in time and price.
  • #1,139,851
  • Jan 16, 2018 4:19am Jan 16, 2018 4:19am
There is a double top currently on the 1 day chart!!!
  • #1,139,852
  • Jan 16, 2018 4:24am Jan 16, 2018 4:24am
Quoting Samson85
There is a double top currently on the 1 day chart!!!
you are funny, probably without meaning to be lol
  • #1,139,853
  • Edited 4:49am Jan 16, 2018 4:37am | Edited 4:49am
Quoting mbrown
{quote} In an unregulated market such as FX, there will always be someone profiting from private information (political news not yet released to the public) which leaves a footprint in price.
"unregulated"? what you mean? you mean random?
Well, the most of the political news are transparent in evolution to the media/public. we all have acces to the same information.
And the political stake is mostly just ...political.
Very rare politic stuff is held secret and released at some moment when only just a few will profit
WHy?
Because sharks use to eat each other! That's the regulating "invisible hand" in capitalism
And sharks have the best information. But they don't fight directly against small players!
They eat guppies like us, ok. But they mostly eat each other!!!
They don't really become friends in order to attack retail traders
They never become friends!

(remeber that even some brokers said when MFID II, that they dont care about small traders because they bring small profits, ...they can miss of us! )

It's only us, when we lose we need to blame someone big, Big Brother, Uncle Charlie, Mob, Banks, Brokers, Aliens...!
Member
  • #1,139,854
  • Jan 16, 2018 4:43am Jan 16, 2018 4:43am
Quoting TudorIoan
{quote} "unregulated"? what you mean? you mean random? Well, the most of the political news are transparent in evolution to the media/public. we all have acces to the same information. And the political stake is mostly political. Very rare politic stuff is held secret and released at some moment when only just a few will profit WHy? Because sharks use to eat each other! That's the regulating "invisible hand" in capitalism They eat guppies like us, ok. But they mostly eat each other!!! They don't really become friends in order to...
Your original point had nothing to do with retail traders and my point has nothing to do with retail traders. Clearly, political decision makers drive many political outcomes. Thus, with any decision there is a decision point. Until the decision point is reached it is simply probabilities reported in the news and after it is public information.

Anyway, back to the charts, there is price development.
  • #1,139,855
  • Jan 16, 2018 4:46am Jan 16, 2018 4:46am
Quoting mbrown
{quote} Your original point had nothing to do with retail traders and my point has nothing to do with retail traders. Clearly, political decision makers drive many political outcomes. Thus, with any decision there is a decision point. Until the decision point is reached it is simply probabilities reported in the news and after it is public information.
Ok, you can follow those who reach first to the information ...by watching the chart

Yeah, it looks like 1.2220 ddoesn't held
Member
  • #1,139,856
  • Jan 16, 2018 4:49am Jan 16, 2018 4:49am
Quoting TudorIoan
{quote} Ok, you can follow those who reach first to the information ...
That was my original point, you phrased it better and simpler.

Quoting TudorIoan
{quote}Yeah, it looks like 1.2220 ddoesn't held
No but it did offer some resistance so worth watching on the way back up.
  • #1,139,857
  • Jan 16, 2018 4:50am Jan 16, 2018 4:50am
Quoting TudorIoan
{quote} Ok, you can follow those who reach first to the information ...by watching the chart Yeah, it looks like 1.2220 ddoesn't held
now watching 1.2200 + 23.6
  • #1,139,858
  • Jan 16, 2018 4:53am Jan 16, 2018 4:53am
Quoting cvds16
{quote} you are funny, probably without meaning to be lol
Hmm so look at the price now you wolly clearly the double top was valid!!

Also the ecb commented about bond buying!!
  • #1,139,859
  • Jan 16, 2018 4:58am Jan 16, 2018 4:58am
Quoting cvds16
{quote} you are funny, probably without meaning to be lol
I guess this is the type of thing that can happen if we mock the calls of other traders. This post does not imply causation!


Just twiddling my thumbs waiting for price to go to the buy zone.
  • #1,139,860
  • Jan 16, 2018 5:02am Jan 16, 2018 5:02am
would it be an inside/harami bar? If so, then the price will go nowhere at this stage of the game until it's resolved in next daily candle
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