EURUSD

Morning All,

No clear direction i have today.. even have a view before to touch 3900.. market must have to touch 3648-52 at least.. but i have a plan for to scalp 25-30 pips in any direction..15 M resistances i have at 3771, 3783 and 3793.. while the supports below are at 3754, 3735 and 3727.. i just picked a short at 3764 with 16 pips sl.. target 3734.

You shorted inside a demand zone which was suicidal and the exact mistake 95% of the traders do.

The fact that youre convinced 1.3302 within a couple of days is a feasible target tells me you have no idea how to read priceaction, supply & demand.

If you take a quick look at 4hr, daily and weekly you will see why. Good luck on those trades, try not to bankrupt yourself.

EDIT:

also im not meaning to be rude here, just a quick warning

I'm off for a while, catch ya for the LO...good luck PTL...

good morning all

one hell of a focking correction

Now ain't this special. Just the worst case scenario for me: parked right on top the binding level, and just bouncing mindlessly, clipping me for 5 or 6 each time in bounces. At least I got a couple Guinness' before bed.

Oh, and regarding this:
Bullscat. Everybody here knows stuff I don't. Not all of it's right, but all of it is interesting, and a lot of it fits together in pretty interesting ways. And the only way you can even begin to get smart is to talk to people.

I'm going to bed, with not even a gut feel for which way this thing is headed. At this moment, toe-in-water short, but by the time I'm done writing, might be long. Just move already: the sooner, the better.

good afternoon.

Move SL = BE + 2, target 1.3950 and 1.4

how much leverage do you have 2000-1...

selling this sl 17 pips..tp 700 pips?

Ok thats done now what?

well

well what?

i hate this guy lol

yeah, but you don't know if he is trading $.10 or $100 lots ...

supply zone? what is the supply zone?

no no no,we should touch 3700 and 3650, after that we make a journey to 3860 and 1.40,why? ... because im selling this...

I have meaningful fib clusters around 3886 to 3916.

I have a Gann SQ9 target of 3896 on daily (360°). I have a Gann grid target of 3918.

Murrey math trading line +2/8 on daily chart @ 3916

This level can max exceeded to 3946, otherwise we are open to a new octave.

Downsloping trendline (1.51x, 1.42x) at between 399x and 398x for the next 2-3 days.

At 4033 the zigzag legs wave C of the upmove from 28x is 0.618x wave A

-- Oil prices will increase inflation but also slow economy
-- BOE hawks could find themselves wrong-footed
-- Depressed consumption should prevent wage rises

By Nicholas Hastings
A DOW JONES NEWSWIRES COLUMN
LONDON (Dow Jones)--Sterling bulls are about to slip on an oil slick.
On the surface, the rise in global crude prices will add to the U.K.'s already high inflation pressures and increase speculation of an early rise in U.K. interest rates.
For sterling bulls, who have been driving the pound higher against the dollar since the start of the year, this will be another excuse to buy the pound.
But they will more than likely find that their bullish arguments are now unraveling.
First, the pound's nearly 6% rally against the dollar probably more than discounts the 75 basis points of rate increases the market is expecting by early next year, kicking off with a 25 basis points move in June.
In other words, there isn't much more sterling upside in the interest rate profile as it stands.
But there is an even bigger reason for not pushing the pound higher--the threat that higher oil prices will pose to the U.K. recovery and the increased chances that inflation pressures won't last.
In recent weeks, data haven't only shown that the U.K.'s economic resilience at the start of this year hasn't lasted but also that the contraction at the end of last year was even greater than expected.
There might have been a small rebound in January after the snowstorms that hit the country in December but this hasn't lasted. Consumer confidence remains low and sales figures from one of the country's leading retail groups, John Lewis, as well as from the Confederation of British Industry, make depressing reading.
On top of this, U.K. consumers face the double whammy of higher oil prices as well as the impact of the government's latest austerity package.
As an open economy, with relatively little oil production of its own, the U.K. is highly vulnerable to the rise in oil prices, which many economists suggest acts like a direct tax on the U.K. consumer.
Despite this, hawks on the Bank of England's monetary policy committee are convinced that inflation, which at 4% is now running at double the rate the Bank aims for, will fail to fall and will create more problems for the U.K. economy later on.
Certainly, higher oil prices will make inflation worse, with forecasters already looking for a rise over 4.5%.
However, it is the link between inflation and growth that could prove sterling's and the hawks' undoing.
As the country's immediate growth prospects decline and consumer activity, which accounts for 65% of GDP, slows even further, price pressures will eventually subside.
Although consumer prices will go higher, the lack of demand in the economy means that wages are unlikely to rise with them, thus reducing the need for the Bank of England to tighten policy at a time when the economy remains under severe pressure.