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  • #974,641
  • Mar 27, 2015 3:55am Mar 27, 2015 3:55am
Quoting MallocMB
Did europe and london just all take profit and load short because they know the GDP report will be good for usd?
nowadays trading is mostly done by bot ran by hedge fund and banks.

might just be a collective take profit
  • #974,642
  • Mar 27, 2015 3:56am Mar 27, 2015 3:56am
Quoting gatorinla
{quote} 0825 has some power i guess it hasn't shown
Frankfurt/London on cleanup mode in my books but we'll see in a few.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #974,643
  • Mar 27, 2015 3:56am Mar 27, 2015 3:56am
Hi Sisse,

I am new to this thread but really enjoy your analysis. Just wanted to ask your opinion.

We are heavily long dollar at the moment and yesterdays selling pressure I can only assume was caused by risk aversion caused by Saudi as US data has not been to great lately. We have already squeezed higher on pre and post FOMC and to day we have GDP and U of M which are probably going to disappoint.

It looks like the big stops above the FOMC spike 1.105X have not been taken and in fact if anything further shorts were added there. We have minor stops 1.076X and 1.060X and bigger 1.046X. I think we will see a continuation of a leg down into the minor stops before trading above FOMC spike on the principle that the FED are in wait for data mode and providing Saudi does not escalate. If we start squeezing higher there could be some real juice upside targets as long-term shorts start to get liquidated.

What are your thoughts on my analysis compared to how you view the market?

RB
  • #974,644
  • Mar 27, 2015 3:57am Mar 27, 2015 3:57am
Quoting KiwiTrada
{quote} yes its proving crazy level prior fomc resist post resist really hard to try get a read, why not really interested in gbp until she sorts herself out 12 days of ping pong :-(
cable tried a whole week could not break 2013 low again.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #974,645
  • Mar 27, 2015 3:57am Mar 27, 2015 3:57am
Daily 1.082-1.085 still holding well, not that wrong though

Next week 1.1 shorts still valid
Read the entire market, money is made on the main trend not the fluctuation
  • #974,646
  • Mar 27, 2015 3:59am Mar 27, 2015 3:59am
Quoting verified
who relaesed the previous 60+ pips drop. is this London already ( 30 mins before LO ) ? just curious.
EUR -0.74% to 1.0803 low vs USD, falls below its 21-DMA at 1.0848 as macro and leveraged traders reinstate EUR short positions
  • #974,647
  • Mar 27, 2015 4:01am Mar 27, 2015 4:01am
Quoting navk
{quote} Only a strong GDP could trigger below 0800. Otherwise I see move back above 0900 today.
i dont know.. closing under 0832 and 0825 just now 4h... so 707 may be next..
Attached Image
those who can, do. those who cant, talk about those who can
  • #974,648
  • Mar 27, 2015 4:05am Mar 27, 2015 4:05am
Quoting ffleo
{quote} cable tried a whole week could not break 2013 low again.
I have 4935 I accept those lows are in play, but fomc was a premeditated wipeout of both sides of it, so Im thinking its untrustworthy now, sort of not breaking and not holding, I will wait and see if she can get back above 4935 then decide, dont like where she is right now, prefer geppy cause it takes out the usd bs
If you are new to Forex? Say Goodbye to your account!!
  • #974,649
  • Mar 27, 2015 4:06am Mar 27, 2015 4:06am
Quoting gatorinla
{quote} i dont know.. closing under 0832 and 0825 just now 4h... so 707 may be next..
I'm abit confused too. But decided to leave it to weekly candle. if it closes above 1.082, then this 4H is just a sneezes.. negligible on weekly candle.
Read the entire market, money is made on the main trend not the fluctuation
  • #974,650
  • Mar 27, 2015 4:07am Mar 27, 2015 4:07am
Short scalp EU on view(as long as structure agrees), entry on line:
http://prntscr.com/6lwn8g
  • #974,651
  • Mar 27, 2015 4:08am Mar 27, 2015 4:08am
Quoting Deutschland
Good morning, Trading plan for today: (A) Below 1.0850 Short for 1.0830, 1.0800 (B) Short @ 1.0950 for 40 pips (C) Short @ 1.1020 for 90 pips EURUSD looking for direction, holding last support level at 1.0863, on short term looks bearish. {image}
The target of A plan was achieved, at 1.0800 for 50 pips
Bavarian Trading FX
  • #974,652
  • Mar 27, 2015 4:08am Mar 27, 2015 4:08am
Quoting gatorinla
{quote} i dont know.. closing under 0832 and 0825 just now 4h... so 707 may be next.. {image}
ok, break of 0800 will take it there.
Intraday only.
  • #974,653
  • Mar 27, 2015 4:10am Mar 27, 2015 4:10am
Daily-S1 1.0803 approaching for another test.... big number and level coincide = opportunity
Attached Image (click to enlarge)
Click to Enlarge Name: 2015 EU Mar 27a.PNG Size: 22 KB
  • #974,654
  • Mar 27, 2015 4:12am Mar 27, 2015 4:12am
Quoting Ken A
{quote} I am just scalping here and there for now If it doesn't close above 1.0830 - the intention is clear
Think I'll stick with short term trading on oil for now, seems to be more of a sideways market. can't plan for new lows atm as I was thinking leading up to this.
Close over 54 would be bullish.
  • #974,655
  • Mar 27, 2015 4:14am Mar 27, 2015 4:14am
Quoting sisse
Now that the house is clean... Europe completed the mini leg quickly in the open. 1.083x only level to track until the news. Daily/weekly/monthly/quarterly combo close in play so only macro levels in play. 1.096x still the most probable area for the roll. News will help mapping the last flows so until then not much to see. sisse
Hi Sisse,

May I ask 1.096x is technical or fundamental level for you? I assume it is fundamental because of shift in rate hike date expectations. Can you explain it little bit. Thanks
  • #974,656
  • Mar 27, 2015 4:14am Mar 27, 2015 4:14am
Quoting MaxDoom
Daily-S1 1.0803 approaching for another test.... big number and level coincide = opportunity {image}
Max planning breakout trade here? Structurally it wants to break it, LH test of it again could further confirm it if 815 doesnt form HL.
  • #974,657
  • Mar 27, 2015 4:18am Mar 27, 2015 4:18am
Quoting KiwiTrada
{quote} I have 4935 I accept those lows are in play, but fomc was a premeditated wipeout of both sides of it, so Im thinking its untrustworthy now, sort of not breaking and not holding, I will wait and see if she can get back above 4935 then decide, dont like where she is right now, prefer geppy cause it takes out the usd bs
Noob question thou. What is Geppy :-? :| is it eur gbp ?
  • #974,658
  • Mar 27, 2015 4:19am Mar 27, 2015 4:19am
Quoting TuTang
{quote} Noob question thou. What is Geppy :-? :| is it eur gbp ?
Its GBPJPY. Allthough it would take you 2 seconds to find that out yourself if you typed: "geppy forex" on google.
  • #974,659
  • Mar 27, 2015 4:20am Mar 27, 2015 4:20am
Quoting TuTang
{quote} Noob question thou. What is Geppy :-? :| is it eur gbp ?
GBPJPY
  • #974,660
  • Mar 27, 2015 4:21am Mar 27, 2015 4:21am
Quoting janpec1000
{quote} Its GBPJPY. Allthough it would take you 2 seconds to find that out yourself if you typed: "geppy forex" on google.
Thanks :d
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