Quick Daily Outlook To summarize the whole week, please take a look at my chart below... Notice that daily candle almost reached channel edge: 1.0120... That's my limit for today. Don't stress it!Also notice how wave 5 down created a fake breakout from the ellipse... Bulls recovered quickly as soon as the candles popped out and from here on forwards I believe daily candles will stay inside the ellipse... which means: bears won't be able to push it lower than 1.0020... maybe wicks will go to 0.9996 with momentum.. but that should be it.....
I will leave the second drop for the next days now I am in from here around.
{quote} So far so good Folks, I will be waiting for a 4hr candle close either above 1.0100 in 70 minutes, if below 1.0100 I will look to enter a buy trade at 1.0050. Have a great day, Cheers. {image}
{quote} You are always taking good trades from lows, well done!
. Well, it also comes with lots of frustration and headbutting in rangy periods.{quote} Thank you Js
Is out there any other better way!
BOJ gave another warning shot. Lets see if London listened - so far it seems it did. I was going to short it here and buy after NY cut, also where Ata's chart blue line indicates but I would rather wait and buy around that area if it gets there. My feeling is that if a new cycle has begun the bulls will show some more determination today and bears will have to retreat for a while.
{quote} And sir.... thank you sir for the 1 cent sir.... but sir I needed 2 cents sir, remember? So will you give it to me next week? Please sir... I have fed one of my kitten sir, but the other one is still hungry.. Next week I will wait okay? So thanks in advance sir...
Poor kitties, lets start a fund for them. Everyone pitches in, we trade and some of the remaining profits (hopefully couple cents) can go to them. Any takers? Hmm that actually could work..... Lots of good traders here.
FX option strikes expire at 10-am New York/14-GMT - Friday September 9 EUR/USD: 0.9800 (669M), 0.9850 (877M), 0.9900 (1.10B), 0.9950 (1.23B) EUR/USD: 0.9950 (1.28B), 1.0000(1.26B), 1.0075 (625M), 1.0100 (684M) I will focus on these three and most around 0075/0100 until expiration. EU should too
