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  • #35,181
  • Mar 6, 2020 4:08am Mar 6, 2020 4:08am
Quoting ToddyS2K
{quote} mmm ... AC has broken previous high ...
What is your previous high?
We obey the structure that results from the market's reaction
  • #35,182
  • Mar 6, 2020 4:09am Mar 6, 2020 4:09am
The Market Can Remain Irrational Longer Than You Can Remain Solvent

The theory is certainly being tested...
  • #35,183
  • Mar 6, 2020 4:14am Mar 6, 2020 4:14am
I do not know the future but there is an probability that the market may go down from here, look at all those touches.
Lot of big candles needed to brake R100, previously.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADDaily.png Size: 144 KB
We obey the structure that results from the market's reaction
  • #35,184
  • Mar 6, 2020 4:17am Mar 6, 2020 4:17am
Well stated russian30.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #35,185
  • Mar 6, 2020 4:20am Mar 6, 2020 4:20am
Quoting Egbert
{quote} What is your previous high?
In the chart... I also have other good reasons that I can't post here
Attached Image (click to enlarge)
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Trade What's Happening... Not What You Think Is Gonna Happen
  • #35,186
  • Mar 6, 2020 4:27am Mar 6, 2020 4:27am
Quoting bubincka
{quote} German Factory Orders this morning nearly 5x better then forecast boosted the EUR. I'm short on EU too, I don't see any reason for EUR strength above all right now, maybe I have to stop looking for reasons and just look at the charts.
Hello bubincka, These data had been for January 2020 and at that time in Germany almost nobody talked About corona.

So These data aren' t useful I think.

Cross the finger for our Shorts.

Best regards,
renko
  • #35,187
  • Mar 6, 2020 4:28am Mar 6, 2020 4:28am
Quoting ToddyS2K
{quote} In the chart... I also have other good reasons that I can't post here {image}
No problem, I believe in my trades.
We obey the structure that results from the market's reaction
  • #35,188
  • Edited 4:50am Mar 6, 2020 4:35am | Edited 4:50am
Quoting ToddyS2K
{quote} In the chart... I also have other good reasons that I can't post here {image}
You decide, I've already looked at the calendar.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot (22).png Size: 324 KB
We obey the structure that results from the market's reaction
  • #35,189
  • Mar 6, 2020 4:39am Mar 6, 2020 4:39am
This is when Eur pairs could start to collapse. ECB must do something if it doesn't want to implode. Italy is on its knees. Germany, France and Spain are starting to have damages. Italy is losing an approximate of 10+ billion in tourism revenues only for March-May period. In a week this can be worse, also in the other States.
I expect a massive intervention of ECB. If it doesn't intervene heavily everything will slip away from it.
Attached Image
Give me a lever long enough and a place to stand, and I will move the Earth
  • #35,190
  • Mar 6, 2020 6:05am Mar 6, 2020 6:05am
Quoting artestine
This is when Eur pairs could start to collapse. ECB must do something if it doesn't want to implode. Italy is on its knees. Germany, France and Spain are starting to have damages. Italy is losing an approximate of 10+ billion in tourism revenues only for March-May period. In a week this can be worse, also in the other States. I expect a massive intervention of ECB. If it doesn't intervene heavily everything will slip away from it. {image}
at zero rate what else they can do other then go BOJ direction negative interest
so far they are reluctant to do but may be forced
EC is looking great
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #35,191
  • Mar 6, 2020 6:10am Mar 6, 2020 6:10am
Quoting artestine
This is when Eur pairs could start to collapse. ECB must do something if it doesn't want to implode. Italy is on its knees. Germany, France and Spain are starting to have damages. Italy is losing an approximate of 10+ billion in tourism revenues only for March-May period. In a week this can be worse, also in the other States. I expect a massive intervention of ECB. If it doesn't intervene heavily everything will slip away from it. {image}
I expect the same...ECB going full crazy swiss style.
Everyone can see the chart, but only a few can actually read it.
  • #35,192
  • Mar 6, 2020 7:26am Mar 6, 2020 7:26am
Quoting Davit
{quote} at zero rate what else they can do other then go BOJ direction negative interest so far they are reluctant to do but may be forced EC is looking great {image}
Specifically I don't know, but they must do something. Northern Italy is being paralyzed. I won't add the details, but everyday is worse. The simple fact that no one can enter in Italy because to return home people would need to do 15 days of quarantene. And I am seeing cases increasing quickly also in other Nations. We'll see
Give me a lever long enough and a place to stand, and I will move the Earth
  • #35,193
  • Mar 6, 2020 7:44am Mar 6, 2020 7:44am
Despite excellent job data USD dollar still struggling.
CAD as well with good data but still been sold.
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
  • #35,194
  • Mar 6, 2020 7:48am Mar 6, 2020 7:48am
Quoting bubincka
Despite excellent job data USD dollar still struggling. CAD as well with good data but still been sold. {image}
probably oil related
persistence and determination alone are omnipotent
  • #35,195
  • Mar 6, 2020 7:53am Mar 6, 2020 7:53am
Quoting Ll1979
{quote} probably oil related
Indeed. Next week when China starts resuming production, oil will go up, so will cad.
Everyone can see the chart, but only a few can actually read it.
  • #35,196
  • Mar 6, 2020 9:58am Mar 6, 2020 9:58am
Quoting OnlineAddict
{quote} Indeed. Next week when China starts resuming production, oil will go up, so will cad.
Next week maybe, atm oil crashed badly on OPEC+ deal failure.
Porta itineris dicitur longissima esse
  • #35,197
  • Mar 6, 2020 10:04am Mar 6, 2020 10:04am
Quoting bubincka
{quote} Next week maybe, atm oil crashed badly on OPEC+ deal failure.
Yes, thats what I said. Friday's scary moves are many times a trap. The scarier, the more people they scare out of entering, the bigger the move that will follow. I think wti will go from 42+- back towards 50+.
Everyone can see the chart, but only a few can actually read it.
  • #35,198
  • Mar 6, 2020 11:19am Mar 6, 2020 11:19am
Quoting artestine
This is when Eur pairs could start to collapse. ECB must do something if it doesn't want to implode. Italy is on its knees. Germany, France and Spain are starting to have damages. Italy is losing an approximate of 10+ billion in tourism revenues only for March-May period. In a week this can be worse, also in the other States. I expect a massive intervention of ECB. If it doesn't intervene heavily everything will slip away from it. {image}
While I mostly agree, it's difficult to estimate tourism revenue loss.
Italy's revenue 2018 were 49.6 bln USD.
But the whole impact probably will be very hard, not only in Italy.

josch
trading is war - life is simple
  • #35,199
  • Mar 6, 2020 12:26pm Mar 6, 2020 12:26pm
Hi folks , I was definitely wrong on feeling strongly that WTI would hold near S38.
Russia's holdout at the OPEC talks will definitely help soften the blow to the transportation industry. Session lows enable futures traders to lock in major fuel savings for at least a year , however , the US Markets needed to see a rebound in its stock market today , in my opinion. We don't need a Monday morning hangover.
Fear will exacerbate over the weekend.
In DD right now , short USD/CAD from 1.3390
Monday should be very interesting.

You guys are the best , GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
  • #35,200
  • Mar 6, 2020 12:27pm Mar 6, 2020 12:27pm
Hi folks , I was definitely wrong on feeling strongly that WTI would hold near S38.
Russia's holdout at the OPEC talks will definitely help soften the blow to the transportation industry. Session lows enable futures traders to lock in major fuel savings for at least a year , however , the US Markets needed to see a rebound in its stock market today , in my opinion. We don't need a Monday morning hangover.
Fear will exacerbate over the weekend.
In DD right now , short USD/CAD from 1.3390
Monday should be very interesting.

You guys are the best , GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
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