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  • #1,014,181
  • Jul 29, 2015 12:24am Jul 29, 2015 12:24am
Quoting Ken A
{quote} And AU drop 32 pips as of this post while you are sleeping. Big money is watching you so you must not sleep as money never sleep
i need big moooo. never enough
plus need food
  • #1,014,182
  • Jul 29, 2015 12:33am Jul 29, 2015 12:33am
Quoting gatorinla
{quote} who would of thunk
The cycles are inevitable either for good or bad and with new technologies not available decades ago

Quoting 21vs7
{quote} i need big moooo. never enough plus need food
Likely more with indices plunge
  • #1,014,183
  • Jul 29, 2015 12:37am Jul 29, 2015 12:37am
Quoting Ken A
From story teller https://www.youtube.com/watch?v=PtYQrn3kQ6s
Can't have gold price too high or t-bills would suffer. Somebody's got to buy all that 18 trillion+ in gov debt!
  • #1,014,184
  • Jul 29, 2015 12:38am Jul 29, 2015 12:38am
Quoting Ken A
{quote} The cycles are inevitable either for good or bad and with new technologies not available decades ago {quote} Likely more with indices plunge
gold replaced by a smartphone
those who can, do. those who cant, talk about those who can
  • #1,014,185
  • Jul 29, 2015 1:13am Jul 29, 2015 1:13am
Quoting SkyrEk
{quote} Hi Sir, From what i had read online, it will mean that prices will be supported at these prices and will tend to move towards those levels. Don't quote me though, for your information only. Personally, i don't think it is a signal to trade according to option expires, nonetheless, i do notice at NY 10am cut, there seems to be more volatility for sure.
Thank you sir.
  • #1,014,186
  • Jul 29, 2015 1:41am Jul 29, 2015 1:41am
can anyone tell me what made the eurusd go down the past hour?
  • #1,014,187
  • Jul 29, 2015 1:48am Jul 29, 2015 1:48am
Quoting B00bies
can anyone tell me what made the eurusd go down the past hour?
They are selling,lol.

And they keep selling,believe me.
  • #1,014,188
  • Jul 29, 2015 1:48am Jul 29, 2015 1:48am
Quoting B00bies
can anyone tell me what made the eurusd go down the past hour?
By all rights, this thing should have been going down long before now. So I suspect maybe "the market" is finally starting to say, "Okay, enough with the games... let's get on with it."
  • #1,014,189
  • Jul 29, 2015 1:49am Jul 29, 2015 1:49am
Quoting B00bies
can anyone tell me what made the eurusd go down the past hour?
The overlying months long trend of dollar strength and euro weakness and positioning going into FOMC tomorrow.
  • #1,014,190
  • Jul 29, 2015 1:50am Jul 29, 2015 1:50am
My gut feel is that the option expiries may represent mix of open (winning) hedged institutional & retail trading positions in net terms across correlated assets, the banks/market maker firms post the numbers in hopes that traders will 'pin' the options such that the market makers then have a high probability of profit instead of a risk of next days moves leaving the option market makers in a net losing position for the day. Because it would be a miserable thing to have one losing day in .. 5 years or something right?

In theory they probably don't need trader assistance to "pin" the options but posting the levels will help the market makers in that traders will move their pending orders in such way that the market makers can rip the price to the 'max pain levels' without having to execute as much traders orders in the process.
  • #1,014,191
  • Jul 29, 2015 2:00am Jul 29, 2015 2:00am
Quoting Ratmach
{quote} By all rights, this thing should have been going down long before now. So I suspect maybe "the market" is finally starting to say, "Okay, enough with the games... let's get on with it."
I always sell the highs.

I never buy the lows.

Its safer i think.
  • #1,014,192
  • Jul 29, 2015 2:10am Jul 29, 2015 2:10am
Quoting gatorinla
{quote} sink or swim time, its possible 1.0 holds once more after 1.0202/1.0170/48.. well anything is possible.. but after 1.020x we may end up here at 1.1122/44 again.. and before above, on a -1.0807 break lower. its possible to be back at 1.1136 on a bounce within 1.0806/1.0149. so when all have the parody party hats on.. it may not be worth the few hundred pips below 1.02xx w/o a bounce it looks like atm. i reserve the right to change with pa moves
forex factory prophet= qoute oneself and cover all possible price action scenarios, and then never give any time of when the predictions will transpire. Then reserve all rights to say oops or i told you so. Haha just great entertainment for the whole family! Theatricality and deception are powerful agents to the uninitiated...but we are initiated, arent we gator?
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A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #1,014,193
  • Jul 29, 2015 2:21am Jul 29, 2015 2:21am
I could almost guarantee that regardless of what the news is (interest rate, QE etc), if all buy side was positioned to win from the news but then only waited and hoped for some trend to happen (assuming the buy side is passive), they'd lose their profits sooner or later just by waiting. Couple big market maker firms control all the quotes across all markets and brokers internalize flows and obfuscate things. The only times the markets really move is when these firms "gtfo", allowing for real price discovery. The charts are pretty much worthless outside of those times as 99% of the daily action is just the algos painting the chart and volumes.

My opinion on the gold slam is that there probably was not that much selling involved, it might have been purely price discovery type of event. eg. perhaps most people started thinking that gold was a buy at closer to 900 ... so if gold was 1250 or whatever and there's no sellers and buyers waiting for 900, what would move the market closer to 900? Neutral positioning followed by someone buying. So when media says there was "selling" to me there was buying and the market makers sold. Otherwise the "slam" would have resulted in loss to market makers and if you understand their algos, they can't lose. So the markets are completely predictably rigged once you understand the market making algos. Buy = down trend, sell = up trend.
  • #1,014,194
  • Jul 29, 2015 2:34am Jul 29, 2015 2:34am
Quoting Greenspanke
Quoting Greenspanke
{quote} I forgot to add the other count where some suggests wave (2) is finished. You can add the fib where I (blue is counted. Note the end result is still much lower EURO on both counts. In this scenario I would be looking for an abc move to wave ii(blue in the area of .618 fibs). This count invalidates above the established wave (2) blue @ 1.11283. Also note that wave I (blue) is not counted as finished yet so best to look for that abc wave ii move before shorting. (not a recommendation just my own trading plan) G {image}
...
EURUSD
Market targeting 1.0970 atm, I will wait to see what happens there, after that fomc and then will draw new charts to see what we are left with.
On AUD I will wait for that low before anything else.
Thanks for your analysis and great charts.
We watch the charts from every angle so you don't have to!!
  • #1,014,195
  • Jul 29, 2015 2:40am Jul 29, 2015 2:40am
Quoting fxrustyspoon
{quote} forex factory prophet= qoute oneself and cover all possible price action scenarios, and then never give any time of when the predictions will transpire. Then reserve all rights to say oops or i told you so. Haha just great entertainment for the whole family! Theatricality and deception are powerful agents to the uninitiated...but we are initiated, arent we gator? {image}
At least he is not trying to scam noobs $2000 per month
  • #1,014,196
  • Jul 29, 2015 2:50am Jul 29, 2015 2:50am
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  • #1,014,197
  • Jul 29, 2015 2:52am Jul 29, 2015 2:52am
Quoting ffleo
{quote} {image}
Hope you were long there.
  • #1,014,198
  • Jul 29, 2015 2:52am Jul 29, 2015 2:52am
A bit of update to yesterday's chart signals 1.1030 and the 1.1100-20 becomes important levels to determine EURUSD moves.
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  • #1,014,199
  • Jul 29, 2015 2:54am Jul 29, 2015 2:54am
Quoting edyraper
how to lock profit {image}
out from long @BE
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  • #1,014,200
  • Jul 29, 2015 2:57am Jul 29, 2015 2:57am
The single currency registered a decrease against the US dollar yesterday, which wiped out part of the accumulated advantage on Monday. The euro depreciated by nearly 30 pips to a closing price of 1.1058. The daily limit values were recorded respectively at 1.1099 and 1.1021. Despite the retreat of the currency pair, attitudes in the short term remain positive. Keeping the support at 1.1020 will confirm the corrective character of the movement.
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