Fugazi - Order Flow hot data

hey still playing around?

i thought this thread was dead eheh, good to see you

HEY SD, yeah, last couple of weeks have been tough waiting on Uncle Mario. So far, so good.

that's a nice sell you got there!

we are in two making this game (milking the eurusd)

good job!

thks, i like browsing the EURUSD forum and seeing the longs jump in. I dont get it. =/ They have not met uncle Mario?

you should know by now, 99% of retail traders trade against every trend.

99% of retail traders loose money always.

That's how this world works.
And that's also why i stopped trying to somehow "help" people on the forum, most of them don't want to be helped at all

that's ok though

most of them do not want to be unplugged. They are happy in the Matrix. Im Still laughing from your EURUSD posts.

eheh, well overall his RR ratio is good though, maybe (maybe, i've no idea really) he may get stopped on this trade, but if he can keep a constant rr ratio soo high and manage to have enough winners, he surely would (is?) profitable in the long run.

still, buying the eur today for me is madness.. but we never know what can happen in this crazy market eheh

i said it in GBPUSD and Ill say it here...

lack of follow through on that data print would have em worried if I were long... or thinking long cause of pin baloney.

this guy does a great job at planning trades for the week.


Planning the week ahead
by JupaFX
In this weekly report, we will try to direct our attention to the currency pairs and assets that are most likely to offer trading opportunities during the coming week, based on a combination of sentiment, orderflow, and price action analysis.
On the docket for this week

Taking a glance at our calendar, we can notice the more important news events for the week. The main events this week are:
Monday: Nothing to report...maybe a good day to stay away from screens.
Tuesday: UK Ind. Prod. + Manuf. Prod. (bearish bias)
Wednesday: OPEC Meeting, UK Unemployment (bullish bias), NZD RBNZ Decision
Thursday: AUD Unemployment (bearish bias), EU Ind. Prod., US Retail sales + Jobless Claims + Import price index
Friday: BOJ Decision + Statement, CH Retail Sales + Ind. Prod., EU Trade Balance + Unemployment (bullish bias), US PPI + UoM
Strong vs. Weak
Looking at the CME FX futures market, we can see that:

1. DXY has closed the week with a bearish look to it
2. AUD has a clear long bias
3. GBP has a neutral to bullish bias
4. NZD has a neutral bias

So if we combine and filter the most evident FX pairs to analyze, we come up with:

1. AUDUSD long bias
2. GBPUSD long bias
3. AUDNZD long bias

To understand more about strong vs. weak, keep an eye on heat maps posted to the news feed here.


Sentiment Analysis on relevant assets
The markets should have all the time they need this week, in order to digest the ECB's new measures and the recent NFP print. This week will be anything but intense from a data-perspective, and Monday has no data whatsoever to get the market moving. The general sentiment might come from the Chinese data that came out over the weekend and beat expectations (better trade balance, fuelled by a rise in exports and a big drop in imports). The Aussie will probably respond well to this, but again, there are probably better things to do Monday than stare at screens.
USD: sentiment is neutral. In spite of a dull session on Friday, the NFP print (in line with consensus) shows that the American labor market is improving with the U-6 unemployment rate dropping to 12.2% from 12.3%. However the NFP report was not strong enough to shift the Taper rate and hence the general stance the market could take is “as you were”. As a demonstration of this, the Dow and S&P hit new highs which indicate that investors are not worried about Taper.
AUD: sentiment is positive. With volatility so low in global markets, along with some sort of recovery in the Chinese economy, the Aussie is holding its ground. This shorter term sentiment view can also be enriched by some longer term considerations: Australian terms of trade have continued to slip and there's the question of the gradual drift of the Chinese economy towards a more sustainable – yet much lower – GDP growth rate. Another recent development in Australia is the tough austerity budget proposed by the federal government with the aim of slashing the fiscal deficit from AUD 50bn this fiscal year to AUD30bn next year and further narrowing in future years. This fiscal consolidation, if approved by the Australian Parliament, will be a drag on economic growth as consumer confidence and spending takes a knock.
GBP: sentiment is positive. European markets won’t really matter to the global risk trade next week because the macro release and event schedules are pretty tame. The UK unemployment rate is expected to hit a new low point not reached since early 2009, while the NIESR GDP estimate is showing continued bullish expectations for growth. The accelerating pattern of growth is accompanied by house price pressures that have been partly motivated by the Bank of England’s funding-for-lending scheme that — unlike the ECB’s recently announced program — does not exclude mortgages.

For updates on sentiment as it progresses throughout the week, stay active in our live trader chat.




To sum up: best looking charts & comments
http://www.orderflowtrading.com/Port...e002_thumb.jpgAUDUSD Daily chart – upwards momentum intact

http://www.orderflowtrading.com/Port...e004_thumb.jpgGBPUSD Daily chart – regaining strength into the end of last week
http://www.orderflowtrading.com/Port...e006_thumb.jpg
AUDNZD Daily chart – still bullish

It’s a tough challenge to combine sentiment, price action, technical analysis, and fundamental analysis all together to turn these thoughts in to actionable order flow trade ideas.

EUR re-pricing continues ahead of the implementation tonight… and even a phone number to call!
http://www.ecb.europa.eu/press/pr/da...0605_3.en.html

GBP is a silly currency isnt it.

i don't really trust this breakout, got some eyes on today and yesterday highs.

gold stops tripped

not great but its a start

AUDUSD- offers touted ahead of .9400 barrier

Deutsche banks says stay long USDJPY...

Blue has some good 4hr charts http://www.youtube.com/v/xloPQo9nu0I

may be quiet til NY data =\