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  • #18,361
  • Apr 6, 2018 11:06am Apr 6, 2018 11:06am
Really???? what is your source????
  • #18,362
  • Apr 6, 2018 11:13am Apr 6, 2018 11:13am
Trade what you see and the chart (of course), but still say US FED cannot raise too much with how the deficit is financed. So at some point, they will start to say that the effect of the tariff/trade wars is slowing the US/world economy, and use that as an excuse to not tighten.

One wild card: If China dumps US debt en-mass, would this weaken the US dollar? It would, right? Is it possible for interest rates to go up and the dollar still to weaken in this case?
  • #18,363
  • Apr 6, 2018 11:15am Apr 6, 2018 11:15am
Quoting loveandpeace
Really???? what is your source????
google finance.com
  • #18,364
  • Apr 6, 2018 11:47am Apr 6, 2018 11:47am
Quoting digger1
{quote} If I was to use volume,, Id use the levels to determine what the volume may be lol ,,, The orange line was the low of the day Tuesday when it broke last weeks low ,, yesterdays mid was the sell point earlier ,,both have now been used for support ,, !st long trades I have had today ,,wont give them much room but its chipping away,, weekly cam level at 2268 gives out I will call it a day and a week been a good one. {image}

She is trying to get to 1.2245, But has a shit fight trying to get through all of that structure below IMHO
  • #18,365
  • Apr 6, 2018 12:00pm Apr 6, 2018 12:00pm
Quoting Dingoman-two
{quote} She is trying to get to 1.2245, But has a shit fight trying to get through all of that structure below IMHO
All takes time my friend ,,,,,, a break above 2279 on the daily cams tgt 2311 ,,,,,,which for the ole box traders is the 50% level of this weeks box and right around weekly open ,,one level at a time brother ,,, should get in the box , stiff resistence but its still chipping ,,, it will go just far enough each time to get the stops of anyone shting the bottom of these short time frames ranges ,,,, always better off shting going thru a high or buying thru a low if your just gun slinging hoping something sticks ,,, if your watching levels you will be doing the right thing in the right spot
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  • #18,366
  • Apr 6, 2018 12:07pm Apr 6, 2018 12:07pm
Quoting digger1
{quote} All takes time my friend ,,,,,, a break above 2279 on the daily cams tgt 2311 ,,,,,,which for the ole box traders is the 50% level of this weeks box and right around weekly open ,,one level at a time brother ,,, should get in the box , stiff resistence but its still chipping ,,, it will go just far enough each time to get the stops of anyone shting the bottom of these short time frames ranges ,,,, always better off shting going thru a high or buying thru a low if your just gun slinging hoping something sticks ,,, if your watching levels...
Everything i am looking at tells me she is a strong sell,

So i look at short till close
  • #18,367
  • Apr 6, 2018 12:09pm Apr 6, 2018 12:09pm
Quoting Dingoman-two
{quote} Everything i am looking at tells me she is a strong sell, So i look at short till close
Another new high for the day aint exactly a strong sell signal ,,just saying
  • #18,368
  • Apr 6, 2018 12:11pm Apr 6, 2018 12:11pm
Quoting digger1
{quote} Another new high for the day aint exactly a strong sell signal ,,just saying

Agree my friend
  • #18,369
  • Apr 6, 2018 12:12pm Apr 6, 2018 12:12pm
A closed hourly bar back above last weeks low is not saying sell sell sell
  • #18,370
  • Apr 6, 2018 12:22pm Apr 6, 2018 12:22pm
Quoting Dingoman-two
{quote} Everything i am looking at tells me she is a strong sell, So i look at short till close
Think you have the strong sell mixed up,,,, thats on this one lol,,, $ index . Slowing down regardless,,, Ill be out on the next high or sooner if it quits making new highs,,, it was a nice llittle bonus to finish the week out
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  • #18,371
  • Apr 6, 2018 12:33pm Apr 6, 2018 12:33pm
It's all on the DXY and I'm uneasy with the strength of it under the weight of the news, the tariff and all the other mud thrown at it. I'm not much of a conspiracy theorist, but ... it's still bullish pursuant to the simple 200 moving average on the higher time frame which is phenomenal to my brain, but I don't know exactly what I'm doing ...
  • #18,372
  • Apr 6, 2018 12:43pm Apr 6, 2018 12:43pm
Quoting 2dollardog
It's all on the DXY and I'm uneasy with the strength of it under the weight of the news, the tariff and all the other mud thrown at it. I'm not much of a conspiracy theorist, but ... it's still bullish pursuant to the simple 200 moving average on the higher time frame which is phenomenal to my brain, but I don't know exactly what I'm doing ...
It will all get sorted out ,,everything will happen a level at a time tho . Trade war ,,, re balancing ,whatever you want to call it is long over due ,,, 80 % of their trade surplus is with the US ,,,, High time the US quit playing Santa clause and its high time China quit pretending to be a 3 rd world country ,,,somethings got to give ,,,just adds to volatility what do you need to trade ,,volatility couple days to clear the brain and it all starts again in a little over 48 hours lol
  • #18,373
  • Apr 6, 2018 2:27pm Apr 6, 2018 2:27pm
Hey guys

Hope you had a good week!

Here is my thoughts for next week, please give me your thoughts.

Daily flag pattern is developed over the past few weeks, today price tested the support and with a negative NFP price bounced. my expectations is that price will atleast retrace to resistance (fat blue horizontal line) and if there is positive EU new, it will break it and complete the flag pattern the week after that, whats your thoughts?

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best of luck
  • #18,374
  • Apr 6, 2018 6:11pm Apr 6, 2018 6:11pm
Quoting Liquidsnake
Hey guys Hope you had a good week! Here is my thoughts for next week, please give me your thoughts. Daily flag pattern is developed over the past few weeks, today price tested the support and with a negative NFP price bounced. my expectations is that price will atleast retrace to resistance (fat blue horizontal line) and if there is positive EU new, it will break it and complete the flag pattern the week after that, whats your thoughts? {image} best of luck
My thought is there isint much to do when the mkt is closed other than a little home work lol,,, level I will be watching will be the quarterly open if it makes it there ,struggled with the weekly average,,did close the week above it by a whisker but not a strong close ,,, At the quarterly open you also have the monthly average price ,,weekly is below the monthly,,, price is below the quarterly open and a bear flag line in the mix ,,whole gaggle of good stuff below if it fails here ,,daily 200 ,,last quarters low. The indicator junkies are gonna have to watch the hourly to see what kind of pattern plays out ,usually takes a few days of an hourly to know for sure what the pattern will be be on a daily indicator,,,,of course a few levels holding or folding will tell you that before the indicator,,, The daily chart, the blue circles on the left ,,add in areas if something is trending ,,whether a min , and hourly daily pick your time frame if you dont take your profit on the add ons on the second high they always get stopped for nothing or a loss ,,,indicators a couple scenarios colored in ,,,,,weekly chart looks like a stretched out porcupine,,,,,,, mainly because price keeps whacking its head on the monthly 200 sma ,,weekly stochs still in overbought territory flirting with coming out of it which could result in a nice little drop ,,,but it needs a full candle body to fill the spikes in , or,it may need a full candle to that bottom spike also ,stoch pattern about in the middle,,, the next low could be deeper than what one may think. Whether you trade based on techies or fundies you still need the right level to get in. Its a chess match no matter your time frame,,,, playing the fundies for a day trade or even a couple days trade is useless ,, the fundie trade was the gap above the daily 200 back at 1.108 and your stp is riding below the daily 200 its never been tested since the gap above it ,, now its in some good horizontal levels for a test if it is going to be tested ,,, 2 year range highs ,,Q S1 last quarters low etc etc ,,, its a long way back to test the weekly 200. A pop above the monthly 200 then hello 1. 30 on the way to 1.40 . Well guess I was thinking more than I thought roflmao ,,,,,should be planting sugar beets but F&^king 4 inches of snow on the ground atm now the mkts are closed to boot ,,,,,, damn ,, another Marlboro Light and a topped of jack and coke guess Ill spend some time with the family lol,, dont look like the charts are gonna move and when they do it will be watching what level holds or folds ,,a great weekend to all .
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  • #18,375
  • Apr 7, 2018 11:39am Apr 7, 2018 11:39am
I completed my quick analysis after Friday close for H1 chart and here is my plan for Monday between Frankfurt open to NY close:

  1. 1.2285/95 is potential reversal area for me.. so I kept my sell order from 1.2276* open for weekend and will watch what happens at mentioned area once market opens again.
  2. If reversal happens, I will target 1.2245/55 area (I don't have the bias for deeper targets anymore since volatility dropped on Friday very quick and bears didn't show up as expected makes me think that bulls are slowly taking over)

Long story short: I keep my shorts until market hits 1.2245/55

*Generally, I put a 20 pips SL.. but here I will manually watch what happens at 1.2294 level precisely and react accordingly..

Stay Green

Focus only on what truly matters!
  • #18,376
  • Apr 7, 2018 12:06pm Apr 7, 2018 12:06pm
Overall picture price needs to correct it won’t push up without pulling back
descending triangle formed.
price keeps false breaking and then pulling back into the triangle, triangle usually breaks around 62% of the triangle

in the short term I’m bullish here’s a descending broadening wedge in the 4 hour targets around 1.2345
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  • #18,377
  • Edited 1:21pm Apr 7, 2018 1:07pm | Edited 1:21pm
I em waiting to these evening star on top of cypher pattern push price down on Monday, because and weekly pivot is allredy there... Green week to you all!
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  • #18,379
  • Apr 8, 2018 6:16am Apr 8, 2018 6:16am
Weekly Outlook

My general bias for weekly chart shifts slowly to bearish. Could be some attempts to stop out early sellers and activate buy stops above 1.23 but still seems like crab pattern is in play.

Good luck for coming week..

Stay Green
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Focus only on what truly matters!
  • #18,380
  • Apr 8, 2018 11:14am Apr 8, 2018 11:14am
Quoting Ata-Turkoglu
Weekly Outlook My general bias for weekly chart shifts slowly to bearish. Could be some attempts to stop out early sellers and activate buy stops above 1.23 but still seems like crab pattern is in play. Good luck for coming week.. Stay Green {image}
The MACD is bearish in h4,daily and in weekley expect for monthly
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