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  • #987,861
  • May 8, 2015 9:07am May 8, 2015 9:07am
Quoting Ken A
{quote} o o p s
  • #987,862
  • May 8, 2015 9:07am May 8, 2015 9:07am
Quoting Ata-Turkoglu
{quote} Yes I was thinking exactly the same but was thinkin B has just finished.. good you shared your chart bro was really helpful Now only patience needed till it finishes.. hate these annoying 2nd, 4th and B waves... Happy Trades
  • #987,863
  • May 8, 2015 9:11am May 8, 2015 9:11am
they usually don't leave it too late to reverse if they had to. I think we are heading to 1.10 by early next week and back to 1.07.

bulls have enjoyed a lot in the past few days feeding on bear blood. now lets see what happens
  • #987,864
  • May 8, 2015 9:12am May 8, 2015 9:12am
Quoting hathor
{quote} This can be a beautiful trap before weekend. Play smart guys. Time to rest. GL
looks more like a bull trap
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #987,865
  • May 8, 2015 9:13am May 8, 2015 9:13am
Quoting uksnowman
{quote} Options expiry, was there 1bln at 1.120 today? Couldn't find the exact numbers
Not that ........ the job data data show improvement over previous month ............

See the gap between buyers and sellers in H1 (pls excuse my working chart) .....

Attached Image (click to enlarge)
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  • #987,866
  • May 8, 2015 9:13am May 8, 2015 9:13am
Quoting fxtyrant
{quote} US data is good. don't kid yourself. despite hourly earnings not meeting expectations, the fact it grew 0.1% is still a wage rise.... inflation is creeping. you'll be smart enough not to be betting agains the dollar.
So, done for the day, got time.

What are you talking about? .1% is not creeping up. I am not an adherent to that theory but to each his own.

Seems like betting against the dollar has been the smart thing to do for the last month or so.

There have been two times in history where the Fed has raised rates when real economic growth was below 2%. Once, recession within one quarter, the other time was within 3 quarters. Both were done during historically unique periods when inflation was a perceived hazardous threat.

History says that even a tepid rate rise does not necessarily portend well for dollar.

The world you desire can be won. It exists.. it is real.. it is possible..
  • #987,867
  • May 8, 2015 9:13am May 8, 2015 9:13am
Quoting uksnowman
{quote} Options expiry, was there 1bln at 1.120 today? Couldn't find the exact numbers
those expiries usually don't matter on NFP days. 1.12 is too close of a call. It may easily go.
  • #987,868
  • May 8, 2015 9:16am May 8, 2015 9:16am
break of 1.1186 to trigger sell off
  • #987,869
  • May 8, 2015 9:21am May 8, 2015 9:21am
Quoting gatorinla
{quote} it wasn't for bulls.. its where bears relaxing allow, normally after a b/o. its harder to achieve with a bearish nfp.. the unemployment rate dropped. its harder to achieve normal. last month we had a 0.0373 setup// the total opposite side of it is = at 1391

Yes... that's obvious. So that could mean for the time being... the top is in. (and it looks so)
  • #987,870
  • May 8, 2015 9:26am May 8, 2015 9:26am
Quoting giveachance
{quote} those expiries usually don't matter on NFP days. 1.12 is too close of a call. It may easily go.
Ok got you, but it looks like they got their 1.120 expiry and at the same time suck some weak shorts in.. bring it up to 1.126 or a bit higher (suck in the weak longs too) then go for the new low of the day and set the scene for next week
  • #987,871
  • May 8, 2015 9:26am May 8, 2015 9:26am
Quoting Ata-Turkoglu
{quote} Dano... maybe wave B did end???
if end B So keep it short wave top 5 - sl set for profit,

If I make a correction to some sort of irregular, it can drive up still higher in the next week

but for now I play - the end of the b
Attached Image (click to enlarge)
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  • #987,872
  • May 8, 2015 9:28am May 8, 2015 9:28am
Gdamn fickle fickle UJ. I long. If this isnt a good time to buy, then its going down.
The coincidental success is more dangerous than the expected failure
  • #987,873
  • May 8, 2015 9:29am May 8, 2015 9:29am
Quoting user954
Expecting EURUSD to test 1.1080 area on this leg down - probably happens right after the NFP number tomorrow
Based on my analysis, looking for EURUSD test of 1.1080 now, expecting it to get there today or on Monday
  • #987,874
  • May 8, 2015 9:29am May 8, 2015 9:29am
So that's it for nfp ? I'll stop waiting for it from now on
COT: The precious data ignored
  • #987,875
  • May 8, 2015 9:31am May 8, 2015 9:31am
Quoting zippo22
{quote} Yes... that's obvious. So that could mean for the time being... the top is in. (and it looks so)
possible. obvious atm wasn't obvious at post time, before LL was made. at the LL time in real time. many wanted to go short, and many did. that may end up being the right trade if they handled the bounce. that normal bounce is a reason i skip b/o trades. bulls looking for a resumption may have had the same luck. i bet both bears and bulls took an asswhippen by the lack of post atm
those who can, do. those who cant, talk about those who can
  • #987,876
  • May 8, 2015 9:31am May 8, 2015 9:31am
Quoting Dano12
{quote} if end B So keep it short wave top 5 - sl set for profit, If I make a correction to some sort of irregular, it can drive up still higher in the next week but for now I play - the end of the b {image}
Ok thanks bro.. fair enough
Focus only on what truly matters!
  • #987,877
  • May 8, 2015 9:37am May 8, 2015 9:37am
Quoting Neqrotik
Gdamn fickle fickle UJ. I long. If this isnt a good time to buy, then its going down.
its consolidating sideways from December but it looks bullish so if you are long stay patient and wait for 121.5 to break
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #987,878
  • Edited 9:50am May 8, 2015 9:40am | Edited 9:50am
GU 5360 looks worthy of long for 20. Uj long area 119.65, UCAD long area 2115 (both for 20 pip targets), EU should bounce up here but not much higher, maybe up to 1230 then down and break of current lows/support. Alerts set in place just waiting for triggers and then recheck of charts for entry confirmation.

On EA looking for short scalp up line, and long 50+ pips from lower one.
http://prntscr.com/72xncj
  • #987,879
  • May 8, 2015 9:41am May 8, 2015 9:41am
Quoting kuroro001
So that's it for nfp ? I'll stop waiting for it from now on
it no longer the trigger for the fed as unemployment target is already in place consumer spending and cpi will have more influence on USD now the NFP


but a big miss in the NFP will have more impact then a positive for now
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #987,880
  • May 8, 2015 9:47am May 8, 2015 9:47am
Quoting blue_z_zz
{quote} its consolidating sideways from December but it looks bullish so if you are long stay patient and wait for 121.5 to break
it may look bullish fundi wise etc. tech wise its 5k away from norm drop. tech wise has kept it from climbing for 5 months. u have a double top.. near it shorts in a range can be rewarding. stops dont have to be much further then highs, with good mm this can play out for years. unless 122.02 breaks, its not going above. if it does break.. back to 118.73 is likely at some point. looking to s near 122 personally.
those who can, do. those who cant, talk about those who can
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