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  • #914,801
  • Aug 7, 2014 6:55am Aug 7, 2014 6:55am
going to try grab a few pip of kiwi before blabbermouths 8473 sl 8481
If you are new to Forex? Say Goodbye to your account!!
  • #914,802
  • Aug 7, 2014 7:00am Aug 7, 2014 7:00am
Afternoon all!

My humble opinion and trade idea for today.

EURUSD - went long from today's low with TP @ 78.6% fib (of today's high - low), then at same level went short - 1.3380
Reason for going short - I don't see much positive fundamentals for EUR and situation in Ukraine is escalating and we are still in downtrend looking at bigger time frame.

GBPUSD - i did pretty much the same as above - short from 1.6857 - today's high-low 78.6% retracement as no change was expected in BOE actions, and that probably would lead to little disappointment and GBP is more likely to go down.

EURCAD - Im short from 1.4622 - based on expectation of EUR decline and better than expected or at least close to forecast CAD PMI number - looking for +/-50pips TP

Good luck all!
  • #914,803
  • Aug 7, 2014 7:01am Aug 7, 2014 7:01am
Yen is getting stronger against chf/usd/eur and while eur/gbp is going up it looks like there will be setup to remove way for euro to pop up but on condition that there will be decent bids on GBPUSD to bounce ahead of 1.6800.

If not and usdchf pops above 0.9100 it may mean on weekly basis that usdchf starts running up against 0.9150/09200.

It all adds up to the fact this will be a tough call overall when gbpchf has been traded both sides of 1.5300 today.
They think they are smarter than I am.
  • #914,804
  • Aug 7, 2014 7:02am Aug 7, 2014 7:02am
Quoting MrBach
Anyone feeling the calm before the storm?
I don't expect too much. Aug will be ranging within 110 pips. We are already down with 100. So, waiting to maximise my long.
  • #914,805
  • Aug 7, 2014 7:05am Aug 7, 2014 7:05am
Quoting Magicmen
{quote} I don't expect too much. Aug will be ranging within 110 pips. We are already down with 100. So, waiting to maximise my long.
Interesting @Magicmen, wish you good pips.
Trade. Learn. Adjust.
  • #914,806
  • Aug 7, 2014 7:08am Aug 7, 2014 7:08am
Quoting Magicmen
{quote} I don't expect too much. Aug will be ranging within 110 pips. We are already down with 100. So, waiting to maximise my long.
Agree
  • #914,807
  • Aug 7, 2014 7:09am Aug 7, 2014 7:09am
Closed ½ longs from yesterday, the bull seems like its fading. The rest will be at BE. Something is clearly missing and Mr ECB is not a Safe bull card right now as it seems. If we get back to the 3378-80 level i might even put a short out there. The earlier 3364 has now grown to a 3365.
I don't even have a cool signature
  • #914,808
  • Aug 7, 2014 7:10am Aug 7, 2014 7:10am
what is happening right now is high frequency traders and remote supercomputers trading forex trying to correct a problem at 1.33638.
Notice the problem allowed us to know how the news will turn out.
The data is encoded in price history. That is why I am 99.9% a technical analyst.
  • #914,809
  • Aug 7, 2014 7:12am Aug 7, 2014 7:12am
Quoting Eurusdd
what is happening right now is high frequency traders and remote supercomputers trading forex trying to correct a problem at 1.33638. Notice the problem allowed us to know how the news will turn out. The data is encoded in price history. That is why I am 99.9% a technical analyst.
with your ta what is she going to do at 12.30?
If you are new to Forex? Say Goodbye to your account!!
  • #914,810
  • Aug 7, 2014 7:12am Aug 7, 2014 7:12am
IMHO the bears still have some unfinished bizz in the 1.3330 area, they took the pair there and then they just let let the price go up with no opposition yesterday.
Why sell the bottoms when you can buy the tops...
  • #914,811
  • Aug 7, 2014 7:13am Aug 7, 2014 7:13am
Quoting MarianneOslo
{quote} Yes Italy is in recesion now
rhetorical
those who can, do. those who cant, talk about those who can
  • #914,812
  • Aug 7, 2014 7:14am Aug 7, 2014 7:14am
Quoting KiwiTrada
{quote} with your ta what is she going to do at 12.30?
At any given time, there is one problem which is closest to price. The current one is 1.33638. That is why, no matter how the news turned out, price will go to 1.33638.

After, 1.33638 then we can talk about the next one. I don't answer your kind of questions because 1.33638 is the deal currently.
  • #914,813
  • Aug 7, 2014 7:15am Aug 7, 2014 7:15am
Quoting KiwiTrada
going to try grab a few pip of kiwi before blabbermouths 8473 sl 8481
moving sl to 77 getting too close to blabbermouths
If you are new to Forex? Say Goodbye to your account!!
  • #914,814
  • Aug 7, 2014 7:17am Aug 7, 2014 7:17am
hey does anyone have a link to the upcoming ECB press conference?
  • #914,815
  • Aug 7, 2014 7:18am Aug 7, 2014 7:18am
http://www.ecb.europa.eu/press/tvser...140807.en.html
  • #914,816
  • Aug 7, 2014 7:18am Aug 7, 2014 7:18am
Quoting KiwiTrada
{quote} 4mins to part one of circus
Doubt if he talks hawkish. 3340 stops moved to 3360
  • #914,817
  • Aug 7, 2014 7:20am Aug 7, 2014 7:20am
Quoting Eurusdd
{quote}At any given time, there is one problem which is closest to price. The current one is 1.33638. That is why, no matter how the news turned out, price will go to 1.33638. After, 1.33638 then we can talk about the next one. I don't answer your kind of questions because 1.33638 is the deal currently.
My friend, Are you using 1-Hour or 4-Hour for your logic?
  • #914,818
  • Aug 7, 2014 7:20am Aug 7, 2014 7:20am
Quoting Fadadio
hey does anyone have a link to the upcoming ECB press conference?
bloomberg.com/tv
  • #914,819
  • Aug 7, 2014 7:21am Aug 7, 2014 7:21am
Quoting Eurusdd
{quote}At any given time, there is one problem which is closest to price. The current one is 1.33638. That is why, no matter how the news turned out, price will go to 1.33638. After, 1.33638 then we can talk about the next one. I don't answer your kind of questions because 1.33638 is the deal currently.
Me like that
  • #914,820
  • Aug 7, 2014 7:21am Aug 7, 2014 7:21am
Thanks for the links everyone
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