EURUSD

AK4X is going to tear you to pieces!

This rectangle pattern could be a sign of market continuation to the upside.

lol that guy insist me for indicator so i gave it

there is a full time trader here?

i am an full time analyst but just for my account loll

yes, own methods with preferred trading time comes first...
then the girly
and kids... sometimes....

If is wasn't for the NFP I'd probably predict a 100 pip spike!!!

Closed that long at 4197.

I need to get some rest before NFP.

picking 10 pips from here... 10 slots.. bull 4194

The move is starting. 30 minutes before the NFP... Anybody believe that? No? Good. DO NOT TRADE but watch for long. Few more pips and PP rejection is confirmed, DJ just breaking the last months high...Nice play. Up...down...up...down...

Okay guys and girls,
Wish you all the best for NFP. I have to catch my flight.

I have a small long open, no stop no target. We'll see.

Shamu

June 4 (Bloomberg) -- Options on stocks and currencies show “strong warning signals” that the recent rally for both may be poised to end, Citigroup Inc. said.

The VIX, which tracks the cost of using options as insurance against declines in the Standard & Poor’s 500 Index, has risen even as equities trade near seven-month highs, according to New York-based Citigroup. Currency options show traders betting on wider exchange-rate swings, indicating investors may shift away from the higher-yielding assets that benefited from signs of an economic recovery, the bank said.

“We are seeing a disconnect between what’s happening on implied volatility and underlying price action across a host of markets,” Citigroup chief technical analyst Tom Fitzpatrick in New York and strategist Shyam Devani in London wrote yesterday. “It suggests to us a real danger that a good consolidation/ correction to a lot of recent trends may be near.”

The S&P 500 closed at a seven-month high of 944.74 on June 2 and slipped to 931.76 yesterday. The gauge has recouped 38 percent since March 9 on speculation $12.8 trillion pledged by the government and Federal Reserve will help end the recession. The VIX, a gauge of expected swings over the next 30 days, is up 7.7 percent at 31.02 from its eight-month low on May 19. The measure hasn’t closed above 34.50 since May 4.

The VIX, as the Chicago Board Options Exchange Volatility Index is known, may re-test the 34.50 level from a month ago, which would suggest “danger of a pullback” for the S&P 500, Citigroup said.

‘Complacency’

The Australian dollar closed below a threshold against the yen that Citigroup said “would suggest the danger of a squeeze lower.” The Australian dollar fell 2.2 percent yesterday to 76.86 yen, below the key level the analysts identified at 77.53.

“Our fear is that complacency is back in the market and the low volatility has fueled a lot of these moves,” the strategists wrote. “This pick-up in volatility seems to be warning that nothing is one-way forever and when you start to believe that it is when you get hurt.”

Three-month implied volatility on euro-dollar options, a measure of risk in foreign-exchange investments, rose for a fifth day to 16 percent on June 3, the highest in eight weeks. The dollar rallied against the European currency in December and March after “sharp bounces” in volatility, Citigroup said.

The 30-day correlation coefficient between euro-dollar and the MSCI World Index peaked in November at 0.737 as the benchmark gauge for global stocks fell to a five-year low, data compiled by Bloomberg show. The correlation weakened as stocks rose at the end of the year, only to reassert itself in February and March as the MSCI dropped to the lowest since 1995.

A correlation of 1 would mean the euro and the stock index moved in lockstep.

Options give the right though not the obligation to buy or sell a security at a set price and date. Investors use options to guard against fluctuations in the price of securities they own, speculate on share-price moves or bet that volatility, or stock swings, will increase or decrease.

Waiting for 3 days for Non-Farm Employment Change. I feel like a kid waiting for the rollercoaster ride

I have a question for USA residents: is the fall of $ reflected in prices at this moment?

here is my EUR chart



____________________

RSI divergence

.

So what the people see for today
isee it is not moving atall )))))))))))

Good morning yall!

And good afternoon to you too

Haha, look at the quietness on the forum. Everybody's too busy looking at their screens for the move.

so we shouldn't start trading till over 30mins after NFP?