Reflexivity in the USD

You guys don't want to be shorting USD against any major pair right now as it has essentially completed that 93 level which is MAJOR SUPPORT and is finding basing at the 78.6% fib which is at 94.15 i spoke about yesterday which would be support. Right now dollar is close to trading back into yesterdays US session HI/LOW range aof 95.59/94.31 and if US session closes above the low don't be surprised if we have a small jolt higher.

Either way I am looking for swing longs in EUR futures for 20...30 points overnight if this 786 holds on dollar.

Wow I need to slow down. Because dollar holding 786 and trading higher i meant to say I will swing shorts on EUR. Unbelievable how fast I have been typing without paying attention.

To reiterate. Dollar is near bottoms here and should find minor support.
EUR profit taking should come in, sending us lower on EUR futures.

hort 2c on EUR.

If we really consider the amount of movement EUR has had this week, dollar having its purge moment earlier today to complete the 93 main support, and the fact it's now finding support at the 786% fib I feel comfortable to short EUR here going into Friday's close

There will be profit taking coming in on EURO knowing full well that with continued unresolved issues in Greece no real professionals hold serious size going into weekends unhedged.

IN at 1.1379
targets are 1.1314-1.1296
SL at 1.1420

this is what I PUT IN eur/usd thread. Sorry all for the confustion I am A BEAR on eur right now.

EURfut just broke below Wed US session high at 1.1372 next area to test is Todays US session low at 1.1352 Shorts are going to do well on Friday if you can just hold on and ECB does not come out with surprise news.

My projection is EURfut will trade to 1.1314-1.1296 possibly by friday close

Now at Todays US session low of 1.1352. If you haven't been short yet, just wait to this level breaks which is 1.1340 on spot before consideration as you will run into support here which is never good to get chopped up.

And there it goes 1.1339 should be next on eur fut for support
SPOT 1.1299-1.1281
IF YOU're short adjust TP's with the market in case BS news hits.

EURfut hourly needs to close below 1.1352 for a continued move to levels mentioned above

TP at .70 not liking the accumulation here on today; US low price. If I get stopped out at least I will capture something

oh baby moving tp with market atm

Out at .29 will post Pnl entry & exit in a second here. Reason being is the futures thread for currencies is going up on Sunday and I will explain the many advantages of margin on futures vs. spot and the tick(pip) value over sopt

Ill be adding alot of stuff as it pertains to currency futures but if you have other questions in mind that I may forget just PM me or post it and I will be sure to post content and my experiences as well.

Off to bed. May take NY session off and relax for the day but who knows.

Didnt trade the US session at all as I woke up late. EURfut traded right at the target I spoke of 1.1314 and has since retested yesterday's US low. No trade to be had for me as it's dead. I might look for a continuation sell monday if dollar can hold this current level above yesterday's US high at 94.425.

Great week and I am glad I have gone back to the more swing plays with a bit wider stops as I have seen a significant improvement from the intrad day US trading I was doing where it was touch and go. Have a great weekend all look out for a massive short on NFLX down to 625 in the next two weeks. only risking about 1060 on JULweekly 625 puts in hopes it trades to 5 or more which would be a sick trade.

Very happy to discover this thread
Whats most beautiful is that the concept of reflexivity can be applied on so many other fields where there is enough human participation. I used this theory for my last semester project in social science and analyzed African peasants pesticide usage. But his theory is very similar to other ANT and i think he owes some of his ideas to other social scientist that did work with this phenomenon before him but called it something else.

Karl popper was the main individual who established the initial groundwork for Soro's theory on Reflexivity. But yes I agree the model can be applied to other fields besides financial markets. But as Soros states its purest in the markets because you get validated immediately or not vs waiting many years or less to find out if it applied to different fields.

Yes he is praising Popper because he dealt with positivism and replaced verification with falsification. I also admire Soros' idea of anti-equilibrium and prevailing bias.
If you like Soros' im sure you will like other social scientist works as well. They are rarely made for economic purposes like Soros' theory but can be used that way somehow.

This is very similar this to Soros' active and passive participation principle right?:
John Dewey (1859-1952)

He sees experience as having active and passive elements combined. Active in the sense that it is a "trying" or experimenting; and passive in the sense that one is undergoing the consequences of what they have experienced. Reflection, as thinking and reasoning, is the method/process by which an experience becomes "educative" or learned and meaningful. He states that:
When we experience something we act upon it, we do something with it; then we suffer or undergo the consequences. We do something to the thing and then it does something to us in return: such is the peculiar combination. The connection of these two phases of experience measures the fruitfulness or value of the experience. (Dewey, p. 139)
social science rocks glad to see other traders interested in this field.

great post I agree.

Who's betting against a Sept hike?