EURUSD

Perfect

I have longs with target 1.1060 and I am still keeping them open for now.

Pending long set @ 1.0985.

I'm also short, on average.....but these days I plan to open randomly short and long and just collect profits..... Best strategy ever. Patent pending !!!

It is late, not enough fuel for eu. Still will leave position open, till market will show something different. Dax running better.

Edit: EU out flat. Dax still running.

Pending BUY
Missed, Cancelled

Still very correct number
What did guide you here for the reversal point?

Its all Fibs
From Monthly to 1 min, Fibs within Fibs

Weekly Forex Risk Calendar. Week 10, 2016

I highly recommend saving the below events into your google calendar as a part of weekly routine. Please see further analysis below. It includes Tuesday to Friday trading sessions.


This week we are looking at two major events.

 

1. RBNZ rate decision and policy statement. Officially, market expects rates to stay unchanges but there is some speculation on the cut.
2. ECB will make headline on Wednesday with the similar statement.

Trading Highlights of the week:
Monday, March 7th @ 3:30am JPY BOJ Gov Kuroda Speaks
Tuesday, March 8th @ Tentative:0am CNY Trade Balance
Tuesday, March 8th @ 9:15am GBP BOE Gov Carney Speaks
Wednesday, March 9th @ 9:30am GBP Manufacturing Production m/m
Wednesday, March 9th @ 3:0pm CAD BOC Rate Statement
Wednesday, March 9th @ 8:0pm NZD RBNZ Official Cash Rate and Rate Statement
Wednesday, March 9th @ 11:0pm NZD RBNZ Gov Wheeler Speaks
Thursday, March 10th @ 1:30am CNY CPI y/y
Thursday, March 10th @ 12:45am EUR Minimum Bid Rate
Thursday, March 10th @ 1:30am EUR ECB Press Conference
Friday, March 11th @ 1:30pm CAD Employment Change

Tuesday

Tuesday, March 8th @ Tentative:0am CNY Trade Balance
Pretty important piece of data for China. China is one of the top exporting countries and the biggest supplier of goods. Lower trade balance would suggest exports prevail over imports hence the rest of the world (Chinas partners) are also recovering. The lower number would suggest sluggish growth elsewhere. This report always has an impact on AUD and other commodity currencies.
Market expects 329B vs 406B previously. Lower than expected number would send AUD crosses lower on the day.
Tuesday, March 8th @ 9:15am GBP BOE Gov Carney Speaks
Carney speaks before the Parliamentary Committee in London. Central bankers speeches are always worth to keep on eye. Carney could potentially mention monetary policy in details. Positive statements would be positive for the local currency (GBP); dovish tone could sell off GBP.

Wednesday

Wednesday, March 9th @ 9:30am GBP Manufacturing Production m/m
Market expects 0.2% vs a negative 0.2% prior. Given pretty bad streak of economics news from UK recently, I wouldnt expect this to print any better. GBPUSD is now approaching an important resistance at 1.4350. A negative print would add to bearish bias on Cable.
Wednesday, March 9th @ 3:0pm CAD BOC Rate and Statement
BOC is expected to stay put on rates for the moment. Low CAD prices on the back of cheap oil had a simulative effect on the Canadian economy over the past year or so. This trend continues. There is no reason for BOC to act with the currency that cheap.
Wednesday, March 9th @ 8:0pm NZD RBNZ Official Cash Rate and Rate Statement
This could be an event of the week indeed. Officially the market expects for rates to stay unchanged at 2.5%. From the other hand, there is a good bit of speculation between analysts expecting RBNZ to cut by 0.25%. If this is the case, we could see a sharp decline across NZD crosses right after the release.
Wednesday, March 9th @ 11:0pm NZD RBNZ Gov Wheeler Speaks
This will be in spotlight depending on the previous happenings with rates.

Thursday

Thursday, March 10th @ 1:30am CNY CPI y/y
Chinese CPI is expected to print unchanged at 1.8%. There is no pressure on inflation in China. Deviations from expectation would not have so much impact on currencies across the board. Markets are more concern about industrial production and monetary policy in China.
Thursday, March 10th @ 12:45am EUR Minimum Bid Rate
Thursday, March 10th @ 1:30am EUR ECB Press Conference
Another big event on the week. Markets are looking out at ECB to ease further. Minimum bid rate is expected to remain unchanged at 0.5% but ECB could stimulate other variables like Deposit rate. This is expected to be cut by 0.1%. QE could be also bumped up.

Friday

Friday, March 11th @ 1:30pm CAD Employment Change
This is probably non-event, given the rate decision was announced only two days ago.
Happy Trading

nope that was stopped out,, have 3 entries still live,
trading 4hr and dailly looking for entry 1hr, last 6hrs have built equilateral triangle, compressed in between ma,s looking for another leg down
would appear a few people got caught in the bull trap GU last night, usd took a little spanking across the board, personally I think it was pretty obvious

Hello!
Not a big change in daily levels since close price is near the same as yesterday!
I am still long to 1.1060
Look at my previous posts here, yesterday we made profits on daily levels! Let's try to do the same today!

Description! Read carefully!

First look at market sentiment 1.1004, if it will be broken downside by X pips, it is more likely that the pair will go down and test those two levels - Trigger 1.0971 level, and Confirmation 1.0958 level!
If it Breaks Confirmation 1.0958 by X pips, I guess the pair will keep falling down, and there is a SELL opportunity.
If Confirmation 1.0958 level holds and market goes back up and breaks Trigger 1.0971 level upside, it is a BUY opportunity with TP - Market Sentiment 1.1004 level!
That played out yesterday.
Now about other ones!
If pair tends to go up and go above Sensitive 1.1052 level, then price should not fall 23 pips below it, it will give us a confirmation that Pair is willing to go up, and there is a BUY opportunity.
If Pair will break Sensitive 1.1052 level by X pips, then it should not fall below it 35 pips! It as well would give us a BUY opportunity.
And if that scenario happens, then Pair is likely to go test Trigger and Confirmation levels up there ( green lines )
And the same rules applies to green levels too!

Good Luck! Let's see how this plays out today! I will update during the trading day!

Cheers!

Got some
Reversal within reversal

Anyone here who understands order flow that can answer a question of mine?

Why are you spamming every thread with this?

You do realize that the times posted will not match every trader here?

We only have to look to the Forex Factory calendar and see these in local times!

I think you will be Commercial member before long if you continue these postings.......

brent almost hit target 41.13.. not sure about 56.xx atm.. 14.11 is live and well

nice drop after post but no where near 3926. s/o this one and eg L. since 3926 was missed. sometimes the pair dont forget, although with 4248 hit its voided. uj diving some an eu rise like talked about. brent near 41.xx target. the norm before 14.11 oil is 56.xx.. same crap as posted months back.. wti 43.28 target. wti at 43.28 means brent should go higher than 41.13..
meanwhile cad hit target 1361, but never had a norm retrace before..

Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP

Price retraced and tested the breakout from the bear channel.

Any1 getting ready for the second leg up?

registering balloon launched, bought eur at 1.10220, small risk not much fun