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  • #968,021
  • Mar 12, 2015 12:13am Mar 12, 2015 12:13am
Quoting gettinpips
Thoughts on how the on U.S. Retail Sales Data could affect current trend?
Define current trend: long term or short term? It will have zero affect on the current long term trend, which is down.

That said, markets are sensitive to inflation related data at the moment due to the Fed's positioning. The market is looking for anything that would help them divine the outcome of the next FOMC meetings. Check out Yellen's recent testimony; they are allegedly going with a data driven approach, but I think it's already written in stone.

Anything negative may cause a spike in the EUR/USD. The magnitude and duration of such a spike is unknown because the market has been a bit unpredictable as far as short-term swings are concerned, but it will eventually resume the current long term down trend. Resistance for any spikes would be the previous support levels.

I think it's also important to note that capital unwinding/rotations have already begun; big players (nations, large financial institutions and banks) have been moving their money; tomorrow's data will ultimately not reverse that.
  • #968,022
  • Mar 12, 2015 12:24am Mar 12, 2015 12:24am
HAS DRAGHI STARTED QE YET ??? i see big correction somewhere before QE.
  • #968,023
  • Mar 12, 2015 12:29am Mar 12, 2015 12:29am
Quoting tankokjian
HAS DRAGHI STARTED QE YET ??? i see big correction somewhere before QE.
Since 9th Mar
You cannot learn better without losing
  • #968,024
  • Mar 12, 2015 12:35am Mar 12, 2015 12:35am
Quoting gatorinla
{quote} somewhere has negative rates. i think the Netherlands, ????????????

Norway has interst rate of 1,5% Dannmark has minus 0,75% and Sweden has minus 0,1 Switzerland minus 0,75. Norway may cut rate again next week to keep the the NOK low. The housing market in Norway is going bananas
  • #968,025
  • Mar 12, 2015 1:15am Mar 12, 2015 1:15am
EURUSD confirmed even a test of the 1,05 level this morning after the weak closing we had again last night. A possible closing below this level will open the way for a direct extension toward the 1,02 area. The indicators of the daily chart are still well negative and oversold while those of the s/t charts are instead turning mixed suggesting some consolidation/correction and I expect a correction with the 200 hours line, at the moment at 1,0939.
  • #968,026
  • Mar 12, 2015 1:44am Mar 12, 2015 1:44am
pound got the lead. expecting a 60 pip down fall on eur.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #968,027
  • Mar 12, 2015 1:49am Mar 12, 2015 1:49am
Quoting pips4m3
Short term resistance at around the 1.05557 level to sell on a possible bounce if it gets there ever again {image}
And it looks like we're headed for it!

Edit: And it crashed through
  • #968,028
  • Mar 12, 2015 2:10am Mar 12, 2015 2:10am
Got some EU LONG M15
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #968,029
  • Mar 12, 2015 2:11am Mar 12, 2015 2:11am
I don't think this spike will able to cross 0619. Good to short there (BUT I am not)
  • #968,030
  • Mar 12, 2015 2:12am Mar 12, 2015 2:12am
Quoting ill_be_back
Got some EU LONG M15 {image}
And your target is? I also got some long,but I don't know where to cut off the trade
  • #968,031
  • Mar 12, 2015 2:14am Mar 12, 2015 2:14am
pending SHORT 1.05910
A good trader follows his rules, but great trader knows when to break them
  • #968,032
  • Mar 12, 2015 2:16am Mar 12, 2015 2:16am
Quoting ill_be_back
pending SHORT 1.05910
Triggered
A good trader follows his rules, but great trader knows when to break them
  • #968,033
  • Mar 12, 2015 2:20am Mar 12, 2015 2:20am
Pending SHORT AU .76662 TRIGGERED
A good trader follows his rules, but great trader knows when to break them
  • #968,034
  • Mar 12, 2015 2:22am Mar 12, 2015 2:22am
Quoting Mairan
I know people are going to be all over me on this call.. I am trying longs here with 25 pips stop loss set in my platform... Entry at 1.0510 and stop loss 25 pips from my entry... It looks like the move down we saw 30 minutes back was a flush... If not i will reverse the trade after it takes my Stop loss... let us see...




well done
  • #968,035
  • Mar 12, 2015 2:22am Mar 12, 2015 2:22am
Quoting Davidthekoko
{quote} And your target is? I also got some long,but I don't know where to cut off the trade
I am already OUT of My LONG Now SHORT
A good trader follows his rules, but great trader knows when to break them
  • #968,036
  • Mar 12, 2015 2:23am Mar 12, 2015 2:23am
EUR/USD continues to decline, breaking through the last week's minimum.
At the moment at 1,0587 (H4 scale), I expect the pivot at 0.013

https://charts.mql5.com/7/242/eurusd...apital-ltd.png
  • #968,037
  • Mar 12, 2015 2:27am Mar 12, 2015 2:27am
Quoting ill_be_back
{quote} I am already OUT of My LONG Now SHORT
Ok thanks,I will like to sell at 1.069 . If it doesn't get there fine,I should better sit and watch.i am also out of longs
  • #968,038
  • Mar 12, 2015 2:28am Mar 12, 2015 2:28am
Quoting ill_be_back
{quote} Triggered
Same sold the same. Also GJ.
  • #968,039
  • Mar 12, 2015 2:30am Mar 12, 2015 2:30am
Quoting gatorinla
not recommending a long. a possible s entry may be 0592/0627. 1/2 an apple guys made out well with 0627.
in that 0592/0627 zone now.
those who can, do. those who cant, talk about those who can
  • #968,040
  • Mar 12, 2015 2:33am Mar 12, 2015 2:33am
Quoting gatorinla
{quote} aud is above dpp (7600).. dR1 at 7640.. norm 7644/82
aud also in that window
those who can, do. those who cant, talk about those who can
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