sometime we see real other players in fx market
if if we see the DOW below 12000 , we must see unwind carry trades
fall for yen cross
if if we see the DOW below 12000 , we must see unwind carry trades
fall for yen cross
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Dislikedsometime we see real other players in fx market
if if we see the DOW below 12000 , we must see unwind carry trades
fall for yen crossIgnored
DislikedHello Hussin,
also have a look to nikkei, its dancing around 14.000, and stochastics are
high and crossing :-)
You mentioned the US.10.YEAR TREASURY in post 772, whats got to to with this ? Are there othere things/indicators among dow, nikkei, treasury bonds to watch closly?
Hope you have a nice day !Ignored
DislikedPeaches,
For a better understanding of candles try to get hold of a copy of "The Japanese Chart Of Charts" as recommended by our candle specialist hussin.
I managed to obtain a copy last week, it will take me quite a long time before I feel confident enough to trade the various setups, but I feel that you will be able to profit from the setups much quicker than me.
Regards,
BabeFX.Ignored
DislikedPeaches,
For a better understanding of candles try to get hold of a copy of "The Japanese Chart Of Charts" as recommended by our candle specialist hussin.
I managed to obtain a copy last week, it will take me quite a long time before I feel confident enough to trade the various setups, but I feel that you will be able to profit from the setups much quicker than me.
Regards,
BabeFX.Ignored
DislikedHi Peaches,
I,m happy for u they say: a trade which was not taken and saved u money is as good as a winning trade
i looked at AUD/NZD and yes there was indecision yesterday, stoch also overbought, but on both AUD/USD and NZD/USD bears are in charge, so wouldnt it be better to play one of those or both instead of AUD against NZD?Ignored
DislikedHi meta, e/j is very difficult, look at the monthly, bullish since 2000, and last 3 bullish month in a row. main cause is the very bullish eur. So until I see a clear bearish sign on the weekly, i won´t short this one. It might reach new high, price likes round numbers, how about 170,00 ?
nearly the same on eur/usd: we have seen the top, but this doens´t means price won´t reach 1,59 again.
This days candle for e/j gives not a confirmation for short, so i would short this one, if its developing bearish tommorrow during london/new york session.Ignored
DislikedHi hussin,
i read into the book with fibonacci and i tried it on NZD/USD (i think i know how u use the yellow lines now )
the 5 waves pattern with fibonacci extension:
the 2.618 and 1.618 extension lines are nearly on the same pricelevel, which is very good, if this pattern occurs.
however, did i used the right spot for starting to draw the extensions?
i thought there was a good point, because of the breakout of the little sideway channel.
the other problem might be with the point where we are now, it looks like a reversal pattern may occur (engulfing) and if it reverses the extension wouldnt be valid anymore?
or could it be a 7 waves pattern?
@Peaches: i agree with u, this looks like a perfect setup, i would short USD/CADIgnored