Good morning, looking to go short on the retest of the hourly support that has been broken @ 1.1380 and due to the choppiness of the pair i will exit @ 1.1360 (first target) and @ 1.1337 (second target).
- #1,063,922
- Apr 11, 2016 3:05am Apr 11, 2016 3:05am
- | Joined Feb 2016 | Status: Trader | 473 Posts
There are only patterns, patterns on top of patterns, patterns that affect other patterns. Patterns hidden by patterns. Patterns within patterns. If you watch close, history does nothing but repeat itself. What we call chaos is just patterns we haven't recognized. What we call random is just patterns we can't decipher. what we can't understand we call nonsense. What we can't read we call gibberish. There is no free will. There are no variables. ― Chuck Palahniuk, Survivor {image}
Follow the Flow and Grow
- #1,063,924
- Apr 11, 2016 3:12am Apr 11, 2016 3:12am
Good morning everyone - below is the screenshot how I currently see the market. Selling pressure on E/U is pretty heavy now. If we will break below the 1.1369 - 1.1371, we can move another 20 pips downward then.
- #1,063,925
- Apr 11, 2016 3:15am Apr 11, 2016 3:15am
- | Joined Feb 2016 | Status: Trader | 473 Posts
Hope it makes sense.Generally an uptrend is building at support of channel on the monthly time frame.Anticipating a repeat of what occurred in low of 2000/2002 in 2015/2016 at Channel support.Good luck and many pips to all.{image}
Follow the Flow and Grow
- #1,063,926
- Apr 11, 2016 3:19am Apr 11, 2016 3:19am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
The same relation ...as everybody knows : WTI leads! DOWN =>markets UP, EU DOWN (almost)
Member
- #1,063,927
- Apr 11, 2016 3:30am Apr 11, 2016 3:30am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
No breakout in my opinion, just the typical ranging that goes nowhere since weeks continues.... boring
Good luck!For instance I wonder if the weekly&daily pivots and monthly-mid zone will hold ...so I look at the WTI and the markets
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- #1,063,928
- Apr 11, 2016 3:35am Apr 11, 2016 3:35am
sold EU to 1.1292 then buy 1.1292 till week closed
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
- #1,063,929
- Apr 11, 2016 3:42am Apr 11, 2016 3:42am
I went short here. bears should be still strong and E/U bounced from support that become resistance and broke one more S/R zone.
- #1,063,930
- Apr 11, 2016 4:01am Apr 11, 2016 4:01am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
- #1,063,931
- Apr 11, 2016 4:44am Apr 11, 2016 4:44am
- | Membership Revoked | Joined Dec 2015 | 224 Posts
- #1,063,932
- Apr 11, 2016 4:46am Apr 11, 2016 4:46am
“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
- #1,063,933
- Apr 11, 2016 4:53am Apr 11, 2016 4:53am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
- #1,063,934
- Edited 6:24am Apr 11, 2016 5:24am | Edited 6:24am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
All right, that's your range from now on untill the FED's announcement today
Chill out, folks!
Chill out, folks!
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- #1,063,936
- Apr 11, 2016 5:46am Apr 11, 2016 5:46am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Today is FED meeting right?
Member
- #1,063,937
- Apr 11, 2016 6:01am Apr 11, 2016 6:01am
{quote} It looks like there is something cooking there.
- #1,063,938
- Apr 11, 2016 6:19am Apr 11, 2016 6:19am
- | Commercial User | Joined Sep 2005 | 2,784 Posts
- #1,063,940
- Apr 11, 2016 7:33am Apr 11, 2016 7:33am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Last interpretation on Obama-Yellen meeting : the last time the Fed had an unscheduled meeting on the 21st November a rate hike was forthcoming shortly after.
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