short now with H1 turn down? or wait for H4 to the top with H1 and D1?
EDIT: USD Bank holiday...It will be a slow market I suppose
EDIT: USD Bank holiday...It will be a slow market I suppose
Alien's Extraterrestrial Visual Systems
- #21,487
- Feb 20, 2019 4:55am Feb 20, 2019 4:55am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
Overview:
"Market analysts and FX traders were left confused on Tuesday as sterling rose by circa one cent versus the U.S. dollar. The significant move of GBP/USD, by circa 1% during the afternoon’s New York session, crashing the major pair up through the third level of resistance, R3, didn’t appear to be supported by any positive news, with regards to the U.K. Or by any technical analysis issues, other than the round number and handle of 1.300, still acting as a gravitational, magnetic force, for many institutional level orders to be clustered. At 21:30pm U.K. time, GBP/USD traded at 1.306, the highest level printed since Monday February 4th. The only possible explanation for the rise in cable, could be due to the leaked reports, emerging on Bloomberg and the F.T. that prime minister May is heading to Brussels and is prepared to take out her parliament amendment, requesting the Irish backstop is removed from the withdrawal agreement. But rather than be regarded as progress, such a move simply reverts her plan B back to plan A, a plan that was voted down, in record numbers, by the U.K. House of Commons. Such a late move by the U.K. govt and prime minister, would simply reconfirm the actual withdrawal agreement, that the E.U. created in late 2018. EUR/GBP crashed through the third level of support, to fall through the 0.8700 handle to 0.865, closing out the day at a level not witnessed since January 21st. Versus its other peers sterling also made significant gains. Sterling traders should use the example of this sudden, inexplicable bullish move, on the basis of unconfirmed rumours and no detail, as to how highly sensitive the U.K. pound will be to any breaking Brexit news, as the clock ticks down to the March 29th exit date".
"Wednesday’s key high impact news release, is the minutes relating to the January FOMC meeting. FX traders would be advised to remain vigilant to this event, when the minutes are released at 7:00pm U.K. time. Investors, FX traders and FX analysts, will rapidly examine the minutes for any clues, in the form of what’s termed “forward guidance”, to suggest that the FOMC/Fed have altered their current monetary policy. During the press conference in January, when Jerome Powell, the Fed chair, announced that the key interest rate would remain at 2.5%, he projected an overall dovish tone. This could suggest that the FOMC/Fed are considering abandoning their previous hawkish monetary policy pledge; to raise the rate incrementally throughout 2019, in order to complete a normalisation process. This high impact event comes at a time in the evening when liquidity and trading activity is traditionally lower, therefore FX traders should be mindful of the ability of the release to move FX markets in USD."
"Market analysts and FX traders were left confused on Tuesday as sterling rose by circa one cent versus the U.S. dollar. The significant move of GBP/USD, by circa 1% during the afternoon’s New York session, crashing the major pair up through the third level of resistance, R3, didn’t appear to be supported by any positive news, with regards to the U.K. Or by any technical analysis issues, other than the round number and handle of 1.300, still acting as a gravitational, magnetic force, for many institutional level orders to be clustered. At 21:30pm U.K. time, GBP/USD traded at 1.306, the highest level printed since Monday February 4th. The only possible explanation for the rise in cable, could be due to the leaked reports, emerging on Bloomberg and the F.T. that prime minister May is heading to Brussels and is prepared to take out her parliament amendment, requesting the Irish backstop is removed from the withdrawal agreement. But rather than be regarded as progress, such a move simply reverts her plan B back to plan A, a plan that was voted down, in record numbers, by the U.K. House of Commons. Such a late move by the U.K. govt and prime minister, would simply reconfirm the actual withdrawal agreement, that the E.U. created in late 2018. EUR/GBP crashed through the third level of support, to fall through the 0.8700 handle to 0.865, closing out the day at a level not witnessed since January 21st. Versus its other peers sterling also made significant gains. Sterling traders should use the example of this sudden, inexplicable bullish move, on the basis of unconfirmed rumours and no detail, as to how highly sensitive the U.K. pound will be to any breaking Brexit news, as the clock ticks down to the March 29th exit date".
"Wednesday’s key high impact news release, is the minutes relating to the January FOMC meeting. FX traders would be advised to remain vigilant to this event, when the minutes are released at 7:00pm U.K. time. Investors, FX traders and FX analysts, will rapidly examine the minutes for any clues, in the form of what’s termed “forward guidance”, to suggest that the FOMC/Fed have altered their current monetary policy. During the press conference in January, when Jerome Powell, the Fed chair, announced that the key interest rate would remain at 2.5%, he projected an overall dovish tone. This could suggest that the FOMC/Fed are considering abandoning their previous hawkish monetary policy pledge; to raise the rate incrementally throughout 2019, in order to complete a normalisation process. This high impact event comes at a time in the evening when liquidity and trading activity is traditionally lower, therefore FX traders should be mindful of the ability of the release to move FX markets in USD."
Per aspera ad astra
. 
- #21,491
- Edited 10:24pm Feb 25, 2019 10:07pm | Edited 10:24pm
- | Joined Oct 2014 | Status: Trader | 277 Posts
{quote} Thanks lot Alien Master! What was the main reason to decide this as confirm? I can see RSIOMA divergence in 30 min chart, as well as on daily chart. Thanks in adnvace.
Divergence, yessss, this is the main reason and what i'm always looking for. Just wait for the humans to decide, and you know where you shouldn't go.
i'll try to be more technical in the days to come. Thanks
- #21,492
- Feb 26, 2019 3:25am Feb 26, 2019 3:25am
{quote} I'm not Master SaneeFX, i'm still an Alien kid with alot to learn. {image} Divergence, yessss, this is the main reason and what i'm always looking for. Just wait for the humans to decide, and you know where you shouldn't go. {image} i'll try to be more technical in the days to come. Thanks
I've being reading you and other senior member's posts throught! Lot's of helpful stuff and
specially Master Aliano's stuffs.
Thanks for the Info.
Yes, Divergence, i'm glad I assumed correct.
I'll be always looking for it! Lot's of small details, which RSIOMA provides!
- #21,493
- Edited 4:06pm Feb 26, 2019 4:59am | Edited 4:06pm
- Joined Jul 2013 | Status: Trader | 2,603 Posts
How to take advantage from the MTF analysis:
GJ for this example.
From yesterday GBP is rising on news according to which is possible a postponement of Brexit.
Rally therefore of all GBP pairs.
The MTF of GJ shows this:
Weekly chart shows that 8 Stoch. overcame 80 line and is going to top. On Daily and H4 there were BBS and clear DDS trades. ADX are full green. A wave 3 long seems to be coming.
Where to enter long? on smaller TFS like M5 or M15. Look: compression and expansion on both and DDS are also there for a great profit.
Hope it helps the young aliens here.
GJ for this example.
From yesterday GBP is rising on news according to which is possible a postponement of Brexit.
Rally therefore of all GBP pairs.
The MTF of GJ shows this:
Weekly chart shows that 8 Stoch. overcame 80 line and is going to top. On Daily and H4 there were BBS and clear DDS trades. ADX are full green. A wave 3 long seems to be coming.
Where to enter long? on smaller TFS like M5 or M15. Look: compression and expansion on both and DDS are also there for a great profit.
Hope it helps the young aliens here.
Per aspera ad astra
- #21,495
- Feb 26, 2019 8:03pm Feb 26, 2019 8:03pm
How to take advantage from the MTF analysis: GJ for this example. From yesterday GBP is rising on news according to which is possible a postponement of Brexit. Rally therefore of all GBP pairs. The MTF of GJ shows this: Weekly chart shows that 8 Stoch. overcame 80 line and is going to top. On Daily and H4 there were BBS and clear DDS trades. ADX are full green. A wave 3 long seems to be coming. Where to enter long? on smaller TFS like M5 or M15. Look: compression and expansion on both and DDS are also there for a great profit. Hope it helps the...
- #21,498
- Feb 27, 2019 4:35am Feb 27, 2019 4:35am
- Joined Jul 2013 | Status: Trader | 2,603 Posts
How about the Sterling?
"Sterling was the major focal point in the FX markets, during Tuesday’s trading sessions, GBP/USD traded at a high not seen since September 2018, whilst EUR/GBP fell to a low not witnessed since May 2017. The reason for investors’ bullish sentiment regarding sterling, related to Mrs. May, the P.M. of the U.K. making a statement in the House of Commons, that if MPs don’t vote through her meaningful vote again, they’ll have the right to vote for a delay. Quite why the FX markets have reacted so positively to a delay of possibly two months, with no long term solution still provided or discussed, once again illustrates how sensitive sterling is to any Brexit news, positive or negative. However, an illustration of how bullish FX markets are for sterling, came after the U.K. government finally released their Brexit, impact, assessment papers, during the latter stages of the London-European trading session. The findings indicated that the U.K. economy would shrink by circa 9% under a no deal exit, but the release had no negative impact on the value of sterling."
"Sterling was the major focal point in the FX markets, during Tuesday’s trading sessions, GBP/USD traded at a high not seen since September 2018, whilst EUR/GBP fell to a low not witnessed since May 2017. The reason for investors’ bullish sentiment regarding sterling, related to Mrs. May, the P.M. of the U.K. making a statement in the House of Commons, that if MPs don’t vote through her meaningful vote again, they’ll have the right to vote for a delay. Quite why the FX markets have reacted so positively to a delay of possibly two months, with no long term solution still provided or discussed, once again illustrates how sensitive sterling is to any Brexit news, positive or negative. However, an illustration of how bullish FX markets are for sterling, came after the U.K. government finally released their Brexit, impact, assessment papers, during the latter stages of the London-European trading session. The findings indicated that the U.K. economy would shrink by circa 9% under a no deal exit, but the release had no negative impact on the value of sterling."
Per aspera ad astra
