EURUSD

I know what you mean bro

"I chase a low probability strategy of very large moves with a large position."

if this is your strategy you would lost fortune yesterday and today with your adding shorts strategy, just saying

Dude... you are in here trolling people because you managed to make 2% on a 100+ pip move.

still waitin 3673

sorry that I didnt load half of my account to intraday signal like is your speciality...I see you are on demo still

put me back to ignore list and dont remove...like your muppet friends giveachance and pip hunter

I m short from 1.3652 with a take profit of 1.3580

As US DATA is good enough....

It seems ECB keep pressuring to implement taper in upcoming FOMC.
If US do so, eurozone blabbers will come out to add more firepower into bear to protect next support.

Citiboy this is the truth. There are others who are more experienced than you. They might even know almost as much as analysts. You know, the guys who are paid to do this? The ones who spend all day doing nothing but this? e.g. the professionals?

But guess what. Even the pros are wrong. Any pro right more than 70% of the time? Some big ibanks have lost BILLIONS. And that's with the most the sophisticated technology and tons of capital backing them. Articles published by analysts that are wrongs are deleted immediately. Everyone knows this and accounts with appropriate RR levels.

The people on this forum that like to denigrate others? Not really sure where they're coming from since they're wrong many times as well.
Where did all their TA or FA get them then? They spent hours only to get the same result as someone who spent seconds aka an amateur. People come to this board to learn. Yet, there are "veterans" who people try to learn from (who admittedly do deserve at least a modicum of respect), who simply trash any new person posting. Instead of questioning the reasoning, they question the person and their intelligence.

"Wise men question others opinions because they question their own. Fools question others opinion because it's different than their own."



We should start having a leaderboard on this thread and take polls for trades so we can see who traded what and when.

When someone is right, give them credit. But sometimes, people need a reminder of their mistakes in the past and that they are human, just like the rest of us.

i need downside tp

usdchf is on a 4hr bo (1.5hr to confirm) correlated to the 4hr/daily bo of the eu (currently playing a balancing act on the tl in 5 min. tf (1.3650).

My daily and monthly. Daily looks ready to defeat the pending H&S set up if it closes well above 1.3650, but I'd wait for NFP to confirm there. Monthly is what I am really watching as this seems to look like a decent resistance area, if price can bearish engulf on monthly chart bears should gain control. On the opposite end if price breaks significantly higher from here its probably a go for bulls.

Fundamentally, the EUR spiked thru 1.3600 today specifically when Draghi began to talk about " core inflation is actually stable". The fact that he picked out all of the 'good' things to say I think show that he wants the market to have low expectations of ECB easing. If we take that at face value, you can reason the following:

-ECB isnt panicked about deflation, especially volatile headline inflation numbers that include food and energy prices.
-ECB is down playing risks of tapering to European bond markets.
-ECB feels that the current liquidity situation in the Eurozone is adequate.

I cant fight Draghi on the first point, oil prices are dragging down inflation and certain levels of deflation are needed for periphery countries to re balance. The second two points however are questionable. Draghi likes to come to the podium and talk about how great everything is and how much LTROs and the OMT program fixed everything. My last remaining reason to be bearish is a disagreement with this idea. Fed and BOJ QE cured the periphery bond markets, not the OMT/"Whatever it takes" speech. If NFP is good, dec taper will be instantly priced in tomorrow I believe. It isnt wise for Draghi to recognize this risk to their bond markets publicly because it would only make the situation worse, the situation is still very fragile and is only masked by QE. In all, I think EUR weakness wont be deflation related, it will be connected to increasing anticipation that the ECB will finally have to support its own debt markets with an easing program of its own or risk being washed out by the Fed pushing rates higher globally.

today the market is focused on the fact that Draghi downplayed deflation (his hands are tied by the germans). If the market begins to price in taper happening only about a week from now, the market will readjust to focus on "EUR periphery bond markets look dubious without global QE going on and meanwhile the Germans wont let Draghi ease to support their own bond and equity markets". This viewpoint exacerbates selling in periphery bond markets, thus making it only more like easing will occur. Overall I think the deflation risks are mild, its the taper risk thats bigger than anyone thinks.

We will know this all by tomorrow at 8:30. Yay. Good luck

check 5m, double top

i went to bed at 3590, with lower in sight. i woke up at 3660. atm at 3665 attacking the um at 3666. the remainder of my 38xx trades stops are are just above in the 3670ties.

if this move ran on daily, you'll need a double top there in order to start taking shorts (unless scalps).. just saying..

Building shorts here for tomorrow. Going to continue to sell the higher we go, SL if 1.3725 is hit before 4pm.

+1

We've got 3651, are we clear for further downside?

closed all longs at 73 and short,Im targeting 3625 currently, but goin for 20-30pips first tp, but beware, this can shoot up through 3800 easy, set stop...

Looks like G/J and G/U being dumped to Euro