EURUSD

Thats why im asking it is insider trading or manipulation. Nevermind, whatever it is im just observe the price movement. If there is any strong rejection at any level area, i'll add my short position.

Lifted SL to 115.88 ...

Exited here and reversed to short @@@!!!

only for the mid or long term trader/....Long closed gone short...

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Just answered to a trader via private message for his question as of August 10th. I think it will be interested for some of you.

The 55 day EMA on the EURUSD is acting once again as a good resistance on the pair and the price may bounce to the downside from the 1.1600 level. In case of a bullish breakout above the 55 day EMA, its next resistance could be the 200 day EMA around the 1.1800 level.

Profit/Loss today 40+13+32=86 P
Swing filled
long @1.1555 tp 1.1580tp 1.1748 (edit 09:40)
long @1.1587 tp open (edit 15:54) tp1.1640
short@1.1593 tp1.1480 tp 1.1580 13P
short@1.1576 tp open tp1.1544 32P
[email protected] tp1.1216
short@1.1386 tp1.1352
short@1.1360 tp1.1300
[email protected] tp1.1328
[email protected] tp1.1326

pending
short@1.1630 tp1.1216
short@1.1640 tp open
short@1.1605 tp 1.1565 40P
long @1.1510 tp 1.1558
long @1.1536 tp 1.1578
long @1.1470 tp 1.1500
long @1.1455 tp1.1482
long @1.1420 tp1.1460
long @1.1395 tp1.1880
long @1.1352 tp1.1920
long @1.1300 tp1.1785
long @1.1216 tp1.2030

Good trades @all

A grid based strategy surely an awesome trading strategy at first but devastated in the END

The US President was probably distracted by other things and therefore did not notice that the Fed is unwittingly cocking a snook at him in its minutes, by stating its own expectations for the rate hike cycle: as long as the economy develops in line with its optimistic projections it will continue to hike. Of course the Fed also mentions the downside risks, such as the uncertainties surrounding the trade conflict, which might lead to a decrease in investments. The Fed also looks at the housing market with caution. It is nonetheless clear: interest rates will continue to rise for now, in our view in September and December. Economists expect fewer rate hikes next years though (only two rather than four) once the key rate begins approaching the neutral level. That means that at some stage the Fed will have to change its wording from “accommodative” to “neutral” to signal this slowing of the cycle. If that happens over the coming months that has nothing to do with the President’s requests though but with the usual open communication of a credible central bank.

In the meantime the market is hoping for further information on the Fed’s future approach when Fed chair Jerome Powell speaks in Jackson Hole tomorrow. The EMs only really started suffering after the Fed had already taken its decision in August so that clear comments on this matter are missing in the FOMC minutes. As the normalisation of monetary policy in the US progresses continuously, market participants seem to be getting cold feet. Apaprently, the do not seem willing to be overly short running into the event risks Chinese-US trade talks and Jackson Hole following one week of dollar correction, even if I expect very little in the way of news from the central banks, including the Fed to be honest.

If one believes the media reports, the euro might come under considerable pressure this morning. Allegedly the hawk Jens Weidmann is no longer in the run for the succession of ECB President Mario Draghi. As a result all hope of a slightly more restrictive future monetary policy in the euro zone would have squashed. If the reports are confirmed, the euro is likely to ease even if that does not mean that the ECB’s approach is going to change short term. However, cautious comments on the part of the ECB might put more pressure on the euro again due to the market’s assumption that nothing much is going to change about the ECB’s cautious approach in the future.

Still feeling long....always waiting for confirmation.....can be on the 60m or 240m....

A lot of people saying it's going north. Most likely it will invert. Thank you for your cooperation.

pa yesterday continues today also. Take care , fontu

this gab ?

a few dojs bars just below the possible BO Trend line....

Hi All,

My View of Eurousd H1 ... another leg down