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  • #20,821
  • Feb 4, 2015 5:24am Feb 4, 2015 5:24am
Quoting PariCovek
{quote} Interesting is it a signal they are slowing down, as their currency is pegged to US and wouldn't have been due to currency wars of other floating exchanges. Could this be seen as booster though to AUD and commodities?
i am not sure. however from what i have noted in usd/chn as well. it is not what i feel is a natural terrain as well.
what i lack is economic and fundamental understanding,
but of late with the CB rate cutting it can only lead me to think that a currency war is brewing. china as a producer itself, will definitely be looking to keep its edge to hold its power.
as always, two things will happen, price go up or price go down. and why. ..
(at least in this current climate and terrain)
Fall in love with the process, and the outcome takes care of itself.
  • #20,822
  • Feb 4, 2015 6:24am Feb 4, 2015 6:24am
just see now your webinaries on paterns T once more thanks for the great work .
just need one on macd to complete my educacion see it by your point of vew .
Scalping
  • #20,823
  • Feb 4, 2015 7:02am Feb 4, 2015 7:02am
Quoting guguxpto
just see now your webinaries on paterns T once more thanks for the great work . just need one on macd to complete my educacion see it by your point of vew .
Quoting guguxpto
{quote} some times y get a little confuse on this you are 95% acurate profissional . i´m beginer traing to understend this whit your help . i will sit on hands till a have a break of this descending triangle {image}
Thanks. Thats why i am here to help. You can see GBPJPY jumped 100 pips in our direction today, which is a good thing. I hope that u grabbed some pips.
  • #20,824
  • Feb 4, 2015 7:39am Feb 4, 2015 7:39am
Quoting T@rantula
GBPJPY has broken through an inner trend line and we can spot a nice confluence at 177.40-50. As POC zone we see 38.2 fib, DPP,L3 and inner trend line.The zone should give us potential longs towards 179.05. If 179.05 is broken 179.40 and 179.90 is the next. {image}
1st target has been hit!
  • #20,825
  • Feb 4, 2015 10:27pm Feb 4, 2015 10:27pm
Quoting T@rantula
{quote} {quote} Thanks. Thats why i am here to help. You can see GBPJPY jumped 100 pips in our direction today, which is a good thing. I hope that u grabbed some pips.
don´t get this trade i think wil goes down but whit your trades i´m in profit .
i wold like to learn to make my set ups by my hand .
sow wen my reading of the chart is different of yours e satay out .
now i will sell 4h descending triangulo 1h hs on 50 fib . on camarilla level short
thanks for the green pibs
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Scalping
  • #20,826
  • Feb 5, 2015 2:16am Feb 5, 2015 2:16am
We had a surprise overnight decision. ECB does not accept Greek bonds as collateral anymore.

http://www.forexlive.com/blog/2015/0...as-collateral/
  • #20,827
  • Feb 5, 2015 2:18am Feb 5, 2015 2:18am
Quoting T@rantula
We had a surprise overnight decision. ECB does not accept Greek bonds as collateral anymore. http://www.forexlive.com/blog/2015/0...as-collateral/
What do you think a Greek Exit probability is now?
  • #20,828
  • Feb 5, 2015 2:28am Feb 5, 2015 2:28am
Quoting PariCovek
{quote} What do you think a Greek Exit probability is now?
I see this as a pressure to force Greek government to speed up the negotiations. Because Greek bonds are not accepted anymore, ppl should forget about placing deposits in CB. Greek National Bank now needs to fund CBs with additional billions of EUR in next few weeks.

Probability for Grexit is higher especially because this new Greek president is an ex communist.
  • #20,829
  • Feb 5, 2015 3:01am Feb 5, 2015 3:01am
As long as EUR is above 1360 , 1400 could be tested again. Drop below 1360 will expose 1320 and 1300 again.
  • #20,830
  • Feb 5, 2015 3:20am Feb 5, 2015 3:20am
EURUSD has been sold heavily after ECB announced that it did not accept Greek bonds. In my opinion from a fundamental aspect traders should forget about placing deposits in Central Banks. Greek National Bank needs to fund CBs with additional billion of EUR in next few weeks.

Having said that German Factory orders got a nice boost in early LO session. That is reflected on the chart. Inner TL has been tested around a strong confluence of technical patterns such as DPP, H3 and previous buyers - breakout level. As long as EUR is above 1360 we could expect 1400 1410 1426, focusing on 1400. If EUR drops below 1360 ( 1358) we should see 1320 and 1290 again.

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  • #20,831
  • Feb 5, 2015 3:24am Feb 5, 2015 3:24am
Quoting T@rantula
EURUSD has been sold heavily after ECB announced that it did not accept Greek bonds. In my opinion from a fundamental aspect traders should forget about placing deposits in Central Banks. Greek National Bank needs to fund CBs with additional billion of EUR in next few weeks. Having said that German Factory orders got a nice boost in early LO session. That is reflected on the chart. Inner TL has been tested around a strong confluence of technical patterns such as DPP, H3 and previous buyers - breakout level. As long as EUR is above 1360 we could...
Hi T. thanks for the analysis but how would you play it ? I mean buy at market and SL below 1360 and then revert if 1360 is broken ?
  • #20,832
  • Feb 5, 2015 3:44am Feb 5, 2015 3:44am
Quoting EternalNewB
{quote} Hi T. thanks for the analysis but how would you play it ? I mean buy at market and SL below 1360 and then revert if 1360 is broken ?
Im inclined to shorts. Shorting at 1358. SL 1410. 1360 needs to break. This announcement yesterday was a hit to EUR. 0.5 % risk on the trade.
  • #20,833
  • Feb 5, 2015 3:51am Feb 5, 2015 3:51am
Quoting T@rantula
{quote} Im inclined to shorts. Shorting at 1358. SL 1410. 1360 needs to break. This announcement yesterday was a hit to EUR. 0.5 % risk on the trade.
Thank you
  • #20,834
  • Feb 5, 2015 4:01am Feb 5, 2015 4:01am
one more question if you don't mind

If the SL is reached before the trade being triggered do you cancel you orders ?
  • #20,835
  • Feb 5, 2015 4:05am Feb 5, 2015 4:05am
Quoting EternalNewB
one more question if you don't mind If the SL is reached before the trade being triggered do you cancel you orders ?
No..i have my pending set. this is supposed to be intraday setup, not a scalping one.
  • #20,836
  • Feb 5, 2015 4:20am Feb 5, 2015 4:20am
Seems like 1.1400 will be hit. So again, 1360 break ( 1358,7,6) should reverse this rally. Watch the charts, inner TL is very important here. Thats why i said that 1360 is important. Each rally above 1360 targets round number first ( 1400 ) then subsequent levels.

If there was no surprising ECB announcement yesterday, we should have had a retest of 1530 possibly towards 1600 (!). Daily is mixed. Thats why we do breakout setups.
  • #20,837
  • Feb 5, 2015 1:54pm Feb 5, 2015 1:54pm
Quoting T@rantula
Seems like 1.1400 will be hit. So again, 1360 break ( 1358,7,6) should reverse this rally. Watch the charts, inner TL is very important here. Thats why i said that 1360 is important. Each rally above 1360 targets round number first ( 1400 ) then subsequent levels. If there was no surprising ECB announcement yesterday, we should have had a retest of 1530 possibly towards 1600 (!). Daily is mixed. Thats why we do breakout setups.
Now 1.1470
1.07 not far
  • #20,838
  • Feb 6, 2015 1:59am Feb 6, 2015 1:59am
EU I may short here, if it comes here. This could be a logical and decent risk.
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  • #20,839
  • Feb 6, 2015 2:02am Feb 6, 2015 2:02am
We will have NFP today. SO we need to see what the results will be. Again, daily close will be important.
  • #20,840
  • Feb 6, 2015 2:02am Feb 6, 2015 2:02am
I'm sitting on the fence here, these counter-rallies have spooked me a bit... Interested to see what the guru's think - especially EUR/USD and AUD/USD pairs.

Hoping green pips for all!
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