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  • #1,018,261
  • Aug 12, 2015 12:35am Aug 12, 2015 12:35am
30M chart showing the current pull back is some what over and next round of selling can emerge soon as long as 1.1090 is not crossed.
Dont follow me if others express my same view, you get screwed!
  • #1,018,262
  • Aug 12, 2015 12:44am Aug 12, 2015 12:44am
Yuan devaluation can delay Fed rate hike so a healthy bullish attempt can be seen in EURUSD
You cannot learn better without losing
  • #1,018,263
  • Aug 12, 2015 12:47am Aug 12, 2015 12:47am
Hi All,

I am new to the forum, learned a lot from you guys, time to give back.

this night quote from The People's Bank of China:

"It is clear that under the managed floating exchange rate regime, the fluctuation of RMB central parity is normal, reflecting not only the enhancement of the market-orientation, but also the key role played by market demand and supply in the formation of exchange rate. After the announcement of improving quotation yesterday, it will take some time for the market makers to adjust quotation and trading practices, as well as explore and find the equilibrium price of the foreign exchange market. This may lead to potentially significant fluctuation of RMB central parity in the short run. After a short period of adaptation, the intra-day exchange rate movements and the resulting central parity fluctuation will converge to a reasonably stable zone."

Let's be ready for a roller coaster!

Good day to all of You!

Wilk
  • #1,018,264
  • Aug 12, 2015 12:55am Aug 12, 2015 12:55am
Real fight for that hourly candle.
  • #1,018,265
  • Aug 12, 2015 1:13am Aug 12, 2015 1:13am
Yuan says USD wants to be strong so be it. lol
When Yuan depreciate, so called one eyed analysts talk about currency war in Asia. If they want to blame anyone in Asia that must be Japan. Japan provoked China
You cannot learn better without losing
  • #1,018,266
  • Aug 12, 2015 1:18am Aug 12, 2015 1:18am
Quoting Luther
{quote} What they did so far isn't too aggressive. Just wait. We're talking about a Central Bank that dumped hundreds of Billions of Dollars into the market every day to stabilize the SSE and threatened short sellers with execution. That's aggressive.
I"ll have to remember that next time I hear someone bitching about Dodd Frank.
  • #1,018,267
  • Aug 12, 2015 1:22am Aug 12, 2015 1:22am
The single currency continued to add value against the dollar for the fifth consecutive day on Tuesdayby which was trading at two-week high at the end of the session. The euro rose by nearly 20 pips to a closing price of 1.1040. The final values were recorded respectively at 1.1086 and 1.0960. Currently prevailing attitudes are positive, but for continuing growth is necessary to overcome the resistance at 1.1130.
  • #1,018,268
  • Aug 12, 2015 1:24am Aug 12, 2015 1:24am
1.1089 either from here the selling should come else a spike to 1124 on the cards.
i guess here we should see some good selling and reversal.
Dont follow me if others express my same view, you get screwed!
  • #1,018,269
  • Aug 12, 2015 1:30am Aug 12, 2015 1:30am
Quoting skuwait
1.1089 either from here the selling should come else a spike to 1124 on the cards. i guess here we should see some good selling and reversal.
London is opening in the next 30 minutes. it might deny the reversal. Better to enter a trade when it opens
  • #1,018,270
  • Aug 12, 2015 1:36am Aug 12, 2015 1:36am
Quoting MissPips
{quote} Awwww.... This is the one I am watching. Might be decent (but probably temporary) shot at around 1070-1080 closer to end of the day. {image}
Well there went that one. Next stop: the mofu.
Attached Image (click to enlarge)
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  • #1,018,271
  • Aug 12, 2015 1:36am Aug 12, 2015 1:36am
cheers
Attached Image
  • #1,018,272
  • Aug 12, 2015 1:40am Aug 12, 2015 1:40am
Quoting MissPips
{quote} Well there went that one. Next stop: the mofu. {image}
What is mofu?
  • #1,018,273
  • Aug 12, 2015 1:43am Aug 12, 2015 1:43am
Quoting robertbruce
{quote} What is mofu?
The 50% area of a fib, give or take a few percent. So named because it's often a difficult area to trade inside of.
TM courtesy of gator.
  • #1,018,274
  • Aug 12, 2015 1:45am Aug 12, 2015 1:45am
Quoting Schickeria
cheers {image}
what a bitch
Attached Image (click to enlarge)
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  • #1,018,275
  • Aug 12, 2015 1:47am Aug 12, 2015 1:47am
Quoting Schickeria
cheers {image}
I also shorted above 090, I'll be taking partial profit around 065 if it plays out as I'm expecting.
  • #1,018,276
  • Aug 12, 2015 1:49am Aug 12, 2015 1:49am
Quoting MaxDoom
{quote} what a bitch
  • #1,018,277
  • Edited Oct 7, 2015 1:27am Aug 12, 2015 1:50am | Edited Oct 7, 2015 1:27am
RSI on M30, H1 - No No
  • #1,018,278
  • Aug 12, 2015 1:52am Aug 12, 2015 1:52am
Quoting Schickeria
cheers {image}
I have to say THANK YOU
  • #1,018,279
  • Aug 12, 2015 1:53am Aug 12, 2015 1:53am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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still in the long trend but been going east
  • #1,018,280
  • Aug 12, 2015 1:53am Aug 12, 2015 1:53am
Quoting matkooo2575
{quote} I have to say THANK YOU
enjoy your green SL and green Pips
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