{quote} Oh, excuse me, so the current bounce doesn't have anything to do with China. It's pure technicals
- #18,161
- Apr 4, 2018 3:55am Apr 4, 2018 3:55am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,049 Posts
- #18,162
- Apr 4, 2018 4:01am Apr 4, 2018 4:01am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I didnt see china putting a quarterly pivot on my chart ,,, think price done that ,, maybe Im wrong ,,just saying tho
...they just move the chart making spikes. Nothing important 
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- #18,164
- Apr 4, 2018 4:31am Apr 4, 2018 4:31am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,049 Posts
The ole price in a box coloring book says a crack at box top maybe weekly pivot ,,,, bounce off QP stuck it back in weekly box ,,2320 is quarterly open so could be kinda stiff thru there may take a couple pokes to get thru if it does ,, it done 84 yesterday , so a 100 pip day would put it around weekly pivot if it keeps working up ,,,, may need a quick poke to last weeks low again ,, may or may not come but it should ,,, cheers all 
- #18,170
- Apr 4, 2018 6:52am Apr 4, 2018 6:52am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Gee, told ya 2285 it's a bitch 
And Monthly Pivod held...
...decent opinion!
And Monthly Pivod held...
Don’t know how you guys are trading this mess!! I’m out till something decent happens
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- #18,171
- Apr 4, 2018 6:58am Apr 4, 2018 6:58am
- Joined Apr 2017 | Status: trying to make money | 3,341 Posts
Don't Worry Be Happy
- #18,172
- Apr 4, 2018 7:01am Apr 4, 2018 7:01am
- Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts
{quote} Oh, excuse me, so the current bounce doesn't have anything to do with China. It's pure technicals
Supply of a currency doesn't change rapidly. (The exception is QE) It is all being printed slowly with the sale of government debt(bonds).
Demand for a currency doesn't change with every news event that occurs. It is a much slower process. Yes you do have speculation but they are by far the smallest participants in the market.
Who are the largest participants you may ask?
Central Banks are number one! By far and away.
Level one interbank market is second only to the Central Banks.
These two are the true movers of the the market. The true Market Makers.
They run the big algos. They have the largest orders. The most large businesses use them to make their international payments and exchanges.
When a news event happens and it moves opposite the normal expectations it is because these guys CBs, RBs, IBs, whatever you want to call them need to clear their books before the correct move happens.
The fundamentals are the driving force for the market, but not on an intraday basis. Fundamental effects take place over a much longer time period, say a week, month, year, or years. If something unexpected happens over a fifteen minute time period it is the Rahm quote above in effect.
Businesses and normal investors are not able to react in such a speedy fashion.
Only those that have large capital already in place ready to hit the market in a predetermined direction can move the market like that.
- #18,173
- Apr 4, 2018 7:09am Apr 4, 2018 7:09am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} "You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before." - Rahm Emanuel Supply of a currency doesn't change rapidly. (The exception is QE) It is all being printed slowly with the sale of government debt(bonds). Demand for a currency doesn't change with every news event that occurs. It is a much slower process. Yes you do have speculation but they are by far the smallest participants in the market. Who are the largest participants you may ask? Central Banks are...
Ok, thank you for your heart'n'soul and energy!
Happy trade and the best of luck, buddy!
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- #18,174
- Apr 4, 2018 7:12am Apr 4, 2018 7:12am
- Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts
{quote} OMG, ok ....
I'll take my own chill pill
- #18,175
- Apr 4, 2018 7:15am Apr 4, 2018 7:15am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote}
Be cool, take care!
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- #18,176
- Apr 4, 2018 7:16am Apr 4, 2018 7:16am
- Joined Mar 2015 | Status: Trader | 1,445 Posts
Does anyone else feel like the "talk cycle" is soon going to be this?:
- US economy slowing due to tariffs with China.
- US numbers start getting bad
- ... hey wait, the EU is still willing to trade with China
No rate hikes in US, dollar down, EUR up. haha, but suppose the fundies don't matter. Just my tinfoil hat theory. I'd bet sooner rather than later FED HEADS start to use tariffs as an excuse to delay the hike(s). Right?
Another side question: how long until our debt is unsustainable and will need to be defaulted on (some)? I heard by 2025 this could be an issue. Makes me wonder how they will do all these hikes they have scheduled in the face of this all... 
- #18,177
- Apr 4, 2018 7:18am Apr 4, 2018 7:18am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Does anyone else feel like the "talk cycle" is soon going to be this?: US economy slowing due to tariffs with China. US numbers start getting bad ... hey wait, the EU is still willing to trade with China No rate hikes in US, dollar down, EUR up. haha, but suppose the fundies don't matter. Just my tinfoil hat theory. I'd bet sooner rather than later FED HEADS start to use tariffs as an excuse to delay the hike(s). Right?
...oh, no ...EUR/USD up to 2.0000!
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- #18,178
- Apr 4, 2018 7:20am Apr 4, 2018 7:20am
- Joined Mar 2015 | Status: Trader | 1,445 Posts
{quote} Parity, parity, parity...!
- #18,179
- Apr 4, 2018 7:23am Apr 4, 2018 7:23am
- Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts
So why no big swing for non-farm??? Anyone?
Really great better than expected news for US.
Should be major US strength right?
Really great better than expected news for US.
Should be major US strength right?
- #18,180
- Apr 4, 2018 7:26am Apr 4, 2018 7:26am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Fill the gap from 2000s?
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