- #22,283
- Dec 13, 2015 10:56am Dec 13, 2015 10:56am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi guys, I have just made a blog entry - "7 Awesome Trading Movies You Need to See". Check it- I have also reviewed my favourite - The Wolf of Wall Street
- #22,284
- Dec 14, 2015 1:38am Dec 14, 2015 1:38am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #22,285
- Dec 14, 2015 3:39am Dec 14, 2015 3:39am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Margin call was my favorite. its just got Lehman written all over it....
But, the humor in Wall Street, sarcasm ...was so good to watch
- #22,287
- Dec 14, 2015 7:04am Dec 14, 2015 7:04am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The GBPUSD has made another upside bullish swing and is currently in retracement towards POC.FED's meeting on Wednesday is the most important meeting this week and we might see huge volatility on Wednesday. We should focus on intraday setups now and we should manage the trades with Profit Stops. The GBPUSD has been more resilient than EURUSD so we might see some opposite correlation. Be sure to always check current correlation with Admiral Markets Supreme Edition tool.
Technically the pair has made a bullish swing after a bearish move and its getting close to POC zone. POC zone is 1.5090-1.5105 (Bullish order block, historical buyers, E89, 50.0) and the rejection might target 1.5150 and 1.5200. H3 camarilla weekly PP -1.5300 could be reached only on high volatility. However if the pair drops below L4 confluence 1.5055- it could create a breakout setup towards 1.5000 again
Technically the pair has made a bullish swing after a bearish move and its getting close to POC zone. POC zone is 1.5090-1.5105 (Bullish order block, historical buyers, E89, 50.0) and the rejection might target 1.5150 and 1.5200. H3 camarilla weekly PP -1.5300 could be reached only on high volatility. However if the pair drops below L4 confluence 1.5055- it could create a breakout setup towards 1.5000 again
- #22,290
- Dec 16, 2015 12:50am Dec 16, 2015 12:50am
- | Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts
- #22,291
- Edited 3:56am Dec 16, 2015 3:08am | Edited 3:56am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #22,292
- Dec 16, 2015 3:59am Dec 16, 2015 3:59am
- | Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts
- #22,293
- Dec 16, 2015 5:46am Dec 16, 2015 5:46am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Excellent thanks T!
- #22,294
- Dec 16, 2015 7:09am Dec 16, 2015 7:09am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Please note that these moves should happen just before,during and after the actual announcement as well as during the conference itself. We expect HUGE volatility and risks are much higher than usual.
As I have already explained in the article and my last EURUSD analysis the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last Session Recap webinar provided a 100 pip+ rejection as we saw the perfect drop from 1.1050 zone. Today we will witness a historical FOMC meeting where we could see the first change of rates since the end of 2008 and the first increase in official rates since mid 2006.
Technical levels have been very clear and today we should also pay attention to important zones/levels. As we can see in the chart the pair has been trapped within a slightly sloped upward channel with a mini channel inside it which has been broken to the downside. The pair is sitting at support while EMA89 is holding it from further upside. There are 2 scenarios which could happen JUST BEFORE, DURING and AFTER the announcement as well as during the conference itself. Please not that I expect HUGE volatility and that we might see a bi-directional movement again.
If EURUSD breaks 1.1060 to the upside we could see 1.1125 and 1.1240. The downside break below 1.0920 could expose 1.0850 and 1.0740. Intraday positioning is not advised this time. Markets are expecting 25 bps rate hike, and some guidance on step by step rate hikes in near future. But there are also other options such as: No rate hike, and no hint of rate hike in near future, 25 bps rate hike, but no future guidance of further rate hikes which are less likely but MAY happen. The volatility will probably fade pre FOMC and will resume just before the announcement.
As I have already explained in the article and my last EURUSD analysis the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last Session Recap webinar provided a 100 pip+ rejection as we saw the perfect drop from 1.1050 zone. Today we will witness a historical FOMC meeting where we could see the first change of rates since the end of 2008 and the first increase in official rates since mid 2006.
Technical levels have been very clear and today we should also pay attention to important zones/levels. As we can see in the chart the pair has been trapped within a slightly sloped upward channel with a mini channel inside it which has been broken to the downside. The pair is sitting at support while EMA89 is holding it from further upside. There are 2 scenarios which could happen JUST BEFORE, DURING and AFTER the announcement as well as during the conference itself. Please not that I expect HUGE volatility and that we might see a bi-directional movement again.
If EURUSD breaks 1.1060 to the upside we could see 1.1125 and 1.1240. The downside break below 1.0920 could expose 1.0850 and 1.0740. Intraday positioning is not advised this time. Markets are expecting 25 bps rate hike, and some guidance on step by step rate hikes in near future. But there are also other options such as: No rate hike, and no hint of rate hike in near future, 25 bps rate hike, but no future guidance of further rate hikes which are less likely but MAY happen. The volatility will probably fade pre FOMC and will resume just before the announcement.
- #22,297
- Dec 17, 2015 6:26am Dec 17, 2015 6:26am
- | Joined Jan 2015 | Status: Zaedno pravi sila. Cosmos e za nas. | 1,932 Posts
{quote} Hi Pari My opinion is: 1.1.1250 soon and 1.15-1.2000 near future 2. 1.1250 soon 1.15 near future 3. Bi-Directional move 1.0850-1.1050 4. 1.0850 possible and a drop below 5. 1.0462 and parity in 2016
- #22,298
- Dec 17, 2015 7:56am Dec 17, 2015 7:56am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The GBPUSD failed to make a sustained move higher after a good UK data which indicates that the bearish trend is intact and that there are interests to sell the pair on rallies. Technically the pair is in downtrend and we can see a bullish divergence at L4 camarilla DPP so we could see a retrace for next leg of selling. First POC is BR POC which stands for Breakout-Retest Point Of Confluence. 1,4955-65 is the zone which could reject the pair towards daily lows and ultimately towards L5 daily support - 1.4855.
If the pair proceeds higher than BR POC and we see a 4 hour close above L3 zone- 1.4965 we could see a retracement towards positional POC ( DPP.H3,E89,historical sellers) - 1.5015-35. Positional POC is used for intraday swings and if the price gets there another leg of selling should tank the pair towards 1.4955 and 1.4855.
If the pair proceeds higher than BR POC and we see a 4 hour close above L3 zone- 1.4965 we could see a retracement towards positional POC ( DPP.H3,E89,historical sellers) - 1.5015-35. Positional POC is used for intraday swings and if the price gets there another leg of selling should tank the pair towards 1.4955 and 1.4855.
- #22,299
- Dec 17, 2015 12:05pm Dec 17, 2015 12:05pm
- | Commercial User | Joined Feb 2010 | 14,361 Posts
{quote} Very accurate suggestions, looks like we got a mix of outcome 3 and 4, and your projections are spot on of course