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  • #3,861
  • Apr 9, 2014 2:55pm Apr 9, 2014 2:55pm
Quoting Hickson
{quote} Oh, I think you got me wrong. I understand the dollar sell off after the market's expectations and gains in equities. Was a bit confused by your USD/CAD chart on Schick's EUR/CAD long. I just meant "Can you explain this? USD sell-off, but Euro strength?", so how can be USD/CAD be harmful to EUR/CAD? (what you probably did not mean)
Ah I see.

Here:

USD/CAD x EUR/USD = EUR/CAD
EUR/CAD ÷ USD/CAD = EUR/USD
EUR/CAD ÷ EUR/USD = USD/CAD
  • #3,862
  • Apr 9, 2014 2:57pm Apr 9, 2014 2:57pm
Quoting Ken A
{quote} 1.50716 shouldn't be a problem current is at 1.50653. But +300 pips up move for E/CAD from here without U/CAD bounce from 1.08021 or 1.07399 a bit tough unless E/U move to 1.41x.
Why is that? U/CAD bounce would help driving CAD down, so E/CAD has more potential? Makes sense to me, happens in other crosses as well.
Fix up, trade sharp ...
  • #3,863
  • Apr 9, 2014 3:05pm Apr 9, 2014 3:05pm
Quoting Hickson
{quote} Why is that? U/CAD bounce would help driving CAD down, so E/CAD has more potential? Makes sense to me, happens in other crosses as well.
Yes, same thing. U/CAD bounce up is definitely good for E/CAD long assuming E/U is stalling/statics

U/CAD bounce either dollar gets stronger or CAD weaker or the combinations
  • #3,864
  • Apr 9, 2014 3:11pm Apr 9, 2014 3:11pm
Thanks. Understanding correlations really helps to find a good setup. The only reason for GBP/JPY not exploding is probably U/J bear rallye.
Fix up, trade sharp ...
  • #3,865
  • Apr 9, 2014 3:13pm Apr 9, 2014 3:13pm
Have to go to the office tomorrow. Maybe see you while trading in a break haha. Good night.
Fix up, trade sharp ...
  • #3,866
  • Apr 9, 2014 3:48pm Apr 9, 2014 3:48pm
3:1.
Time to close the shop. Good night.
Fail better.
  • #3,867
  • Apr 9, 2014 10:24pm Apr 9, 2014 10:24pm
Quoting Schickeria
{quote} that is true ken 1.4970-40 area are buy area for me but i tried to long on FOMC
Hi Schickeria,

Might work
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,868
  • Apr 9, 2014 10:42pm Apr 9, 2014 10:42pm
Quoting LarryDarrell
3:1. Time to close the shop. Good night.
  • #3,869
  • Apr 9, 2014 10:43pm Apr 9, 2014 10:43pm
Quoting Mr. Scott
{quote} Hi Schickeria, Might work {image}
may be we never see lower levels to go long

after break of 1.50835 and a close above is long for me.
  • #3,870
  • Apr 9, 2014 10:55pm Apr 9, 2014 10:55pm
Quoting Schickeria
{quote} EU need 3650 before 1.4xxxx
I am following this wonderful thread silently. Your tips are really helpful Mr.Schick
I am just curious about EU. It just hit 1.3867. It is the GAP that you have mentioned so many times.
Now, is it time for EU to retrace to 3650 ?
  • #3,871
  • Apr 9, 2014 11:13pm Apr 9, 2014 11:13pm
Quoting thole91
{quote} I am following this wonderful thread silently. Your tips are really helpful Mr.Schick I am just curious about EU. It just hit 1.3867. It is the GAP that you have mentioned so many times. Now, is it time for EU to retrace to 3650 ?

good morning thole,

i don't know if we will drop down to 1.36xx atm. It is not easy to predict. As you can see the last some FOMC (4x) news we always dropped down and yesterday we popped up on FOMC news. GAP closing is the only reason for me for this scenario.

Yes i try to short @ 39003 for a 1.36xx target. Why not ??? R/Reward is very good for me.

And this should today happen fist up than down.

regards

Schickeria
Attached Image
  • #3,872
  • Apr 9, 2014 11:43pm Apr 9, 2014 11:43pm
Quoting Schickeria
{quote} good morning thole, i don't know if we will drop down to 1.36xx atm. It is not easy to predict. As you can see the last some FOMC (4x) news we always dropped down and yesterday we popped up on FOMC news. GAP closing is the only reason for me for this scenario. Yes i try to short @ 39003 for a 1.36xx target. Why not ??? R/Reward is very good for me. And this should today happen fist up than down. regards Schickeria {image}
Edit: Micro MOVE

EURUSD prediction for today

we should find support 3839-3832 area for one leg higher to 3898 - 3904.

after reaching of 3900/4 the upward correction should be complete for a leg lower to 1.36xx.

But i'm not so sure for the drop to 1.36xx.

Monthly trend is sideways.
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  • #3,873
  • Apr 9, 2014 11:54pm Apr 9, 2014 11:54pm
Quoting Ken A
Amazing 3x H1 unable to break 38.2% same spot 3x {image}
WTI Crude

Quoting Schickeria
{quote} i bet to you crude oil is going to close again gap and is going to make a new higher high {image}
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  • #3,874
  • Apr 9, 2014 11:58pm Apr 9, 2014 11:58pm
Quoting Schickeria
{quote} morning bear, here my plan for gold buy 1277/5 with target 1311.37 and 1314.324 {image}
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  • #3,875
  • Apr 10, 2014 12:20am Apr 10, 2014 12:20am
Quoting Ken A
Amazing 3x H1 unable to break 38.2% same spot 3x {image}
Morning Ken,

what do you have on AUD/USD as a valid target ?

I want to short 0.9455 with target 0.90848
  • #3,876
  • Apr 10, 2014 1:07am Apr 10, 2014 1:07am
Good morning. NZD/USD TP hit at 0,8740. Waiting for dips to buy more of this bullish monster. GBP/USD shot over 1,68. Might be time for some correction. USD/JPY looking weak, no surprise. Holding a short to at least support around 101.26. See you later, gotta step into university to serve as an educational slave
Fix up, trade sharp ...
  • #3,877
  • Apr 10, 2014 1:08am Apr 10, 2014 1:08am
Quoting Schickeria
{quote} WTI Crude {quote} {image}
Yes, it's always amazing how Fib ratios work with Crude. Have next target at 104.10 and sell limits at 105.20 buy stops 105.80 to knock me out.

H4

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  • #3,878
  • Apr 10, 2014 1:09am Apr 10, 2014 1:09am
Quoting Schickeria
{quote} Morning Ken, what do you have on AUD/USD as a valid target ? I want to short 0.9455 with target 0.90848
Hi Schick, sounds reasonable. I had numbers of 0.9445 in my head for shorts.
Fix up, trade sharp ...
  • #3,879
  • Apr 10, 2014 1:13am Apr 10, 2014 1:13am
Quoting Schickeria
{quote} {image}
marvelous plan Schikeria, did you actually got in?
Anyway very well done
Don't be a hero. Don't have an ego. Always question yourself
  • #3,880
  • Apr 10, 2014 1:13am Apr 10, 2014 1:13am
Gidday Traders

Any off you guys still in trades AUD/NZ

Still got a couple of shorts 1.08 to lower levels

Not sure now

Clear all my AUD/US longs been in for a year
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