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  • #988,061
  • May 11, 2015 3:53am May 11, 2015 3:53am
Quoting 10cents
{quote} As a summary, i believe they are saying that Greece will survive for now but longer term fundamentals are still crap, thus they expect the squeeze to go on. But they gave no explanation as to how they got a 1.15 round number, looks like they just plucked a random number out of nowhere.
That's why i don't listen to them, but i ready the fundie part. Technically they've always been bad at it
COT: The precious data ignored
  • #988,062
  • Edited 4:21am May 11, 2015 4:01am | Edited 4:21am
Quoting kuroro001
{quote} I didn't know Harmonic pattern worked this way I thought you had to wait for it to reach the last point to buy... But you sell until it reaches the area? Where is the pattern invalidated?
sr thats was misleading i just mention the yearly gartley

but i currently sell on the daily one i mention earlier.

lining up with all the s/r level ... i mentioned in the last post as well
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  • #988,063
  • May 11, 2015 4:01am May 11, 2015 4:01am
Morning,

Today bond market will likely move currency prices around. Eurogroup meeting may add something to it.

Right now at the crossroads, comparing US 10y vs German 10y yields.
They think they are smarter than I am.
  • #988,064
  • May 11, 2015 4:01am May 11, 2015 4:01am
Quoting 10cents
{quote} Its the norm in FF, post a number and when it gets hit, come back and brag about it
After all its all about numbers....
  • #988,065
  • May 11, 2015 4:03am May 11, 2015 4:03am
Let's see the ratio of people to cake by DailyFX:

Friday, 08 May 2015 16:30 GMT Written by David Rodriguez, Quantitative Strategist
"EURUSD - The ratio of long to short positions in the EURUSD stands at -2.00 as 33% of traders are long. Yesterday the ratio was -2.06; 33% of open positions were long. Long positions are 3.9% lower than yesterday and 11.8% above levels seen last week. Short positions are 6.7% lower than yesterday and 14.1% below levels seen last week. Open interest is 5.8% lower than yesterday and 9.6% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the EURUSD may continue higher. The trading crowd has grown less net-short from yesterday and last week. The combination of current sentiment and recent changes gives a further mixed trading bias."

So the majority won since Friday. Shouldn't last long imo.
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f(z)=z2+c
  • #988,066
  • May 11, 2015 4:13am May 11, 2015 4:13am
Today USD has been consolidating against EUR, GBP, AUD, NZD, JPY and CAD due to rate cuts in China.
CHF is the only major currncy that has been stronger than USD.
  • #988,067
  • May 11, 2015 4:28am May 11, 2015 4:28am
Quoting edyraper
{quote} Finally , and your target for TP ?
no target set on it yet. will update on the status later.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #988,068
  • May 11, 2015 4:32am May 11, 2015 4:32am
Now the freebie runs begin. Take the chance.
  • #988,069
  • May 11, 2015 4:36am May 11, 2015 4:36am
Quoting johnsmart
Today USD has been consolidating against EUR, GBP, AUD, NZD, JPY and CAD due to rate cuts in China. CHF is the only major currncy that has been stronger than USD.
For GU you are wrong. The reverse will be the case.
  • #988,070
  • May 11, 2015 4:42am May 11, 2015 4:42am
Those trading EU at the moment are taking a big risk. It is still neutral no defined direction for now. It will continue to range for a while.
  • #988,071
  • May 11, 2015 4:43am May 11, 2015 4:43am
Quoting palinco
Those trading EU at the moment are taking a big risk. It is still neutral no defined direction for now. It will continue to range for a while.
With a good MM, risk is very limited
COT: The precious data ignored
  • #988,072
  • May 11, 2015 4:48am May 11, 2015 4:48am
Quoting palinco
Those trading EU at the moment are taking a big risk. It is still neutral no defined direction for now. It will continue to range for a while.
Since the new H4 candle started (~50 mins), there are multiple amount of shorts has been opened.
So I can only repeat myself.
Since 7th of May reverse/engulfing H4 candle (which made new high and closed at ~1.12954) heavy selling is going on. NFP just gave it extra boost.
f(z)=z2+c
  • #988,073
  • May 11, 2015 4:48am May 11, 2015 4:48am
Quoting kuroro001
{quote} With a good MM, risk is very limited
Of course, good MM and little risk, one can scrap bits from here and there.
  • #988,074
  • May 11, 2015 4:55am May 11, 2015 4:55am
Quoting hathor
{quote} Since the new H4 candle started (~50 mins), there are multiple amount of shorts has been opened. So I can only repeat myself. Since 7th of May reverse/engulfing H4 candle (which made new high and closed at ~1.12954) heavy selling is going on. NFP just gave it extra boost.
I will admonish you trade a better pair now. GU, you still have the chance.
  • #988,075
  • May 11, 2015 5:03am May 11, 2015 5:03am
Quoting palinco
{quote} I will admonish you trade a better pair now. GU, you still have the chance.
Hmm..GU looks good, but my signals doesn't let me to buy it here.
f(z)=z2+c
  • #988,076
  • May 11, 2015 5:17am May 11, 2015 5:17am
Tomorrow is gonna be a big day for EURO. Greece is due to repay €750 mil. to IMF, Expect a good volatility. Keep your eyes open out there
Losers Hope, Winners Believe
  • #988,077
  • May 11, 2015 5:27am May 11, 2015 5:27am
Merkel Under Pressure To Let Greece Go As Default Risk Rises
http://www.zerohedge.com/news/2015-0...ult-risk-rises
  • #988,078
  • May 11, 2015 5:29am May 11, 2015 5:29am
The Greek Endgame: Time to Choose between Default and Defeat
http://www.telesurtv.net/english/opi...0510-0027.html
  • #988,079
  • May 11, 2015 5:40am May 11, 2015 5:40am
huge decision for cable to make 20mins and counting
If you are new to Forex? Say Goodbye to your account!!
  • #988,080
  • May 11, 2015 5:44am May 11, 2015 5:44am
Quoting KiwiTrada
huge decision for cable to make 20mins and counting
Pop is coming either now or hours later it doesnt matter unless you trade breakouts heh. I am waiting for retrace to get in but GJ not GU.
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