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  • #1,067,021
  • Edited 3:01am May 13, 2016 2:48am | Edited 3:01am
The downwards movement could stop because the US retail sales data can generate rather a reversal
On pivot_point basis there are some reveresal buying opportunities
the monthly mid 1.1333, weekly S1 1.1320, monthly S1 1.1289, daily S1 1.1354
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  • #1,067,022
  • May 13, 2016 3:02am May 13, 2016 3:02am
Quoting TudorIoan
The downwards movement could stop because the US retail sales data can be a make or break for the latest drop On pivot_point basis there are some reveresal buying opportunities the monthly mid 1.1333, weekly S1 1.1320, monthly S1 1.1289, daily S1 1.1354 {image}
I fully agree with your assessment . The US retail sales data will be bad , now the question is: will bad news mean bad news or bad news is good news.
  • #1,067,023
  • Edited 3:36am May 13, 2016 3:08am | Edited 3:36am
Quoting Jonstaples
{quote} I fully agree with your assessment . The US retail sales data will be bad , now the question is: will bad news mean bad news or bad news is good news.
Exactly, if we look at the recently German GDP release effect ...it could mean anything

Quoting PaulDaemon
Im still holding looking for a tp at 1.12xx {image}
wow, a drop of 290 pips (~1.1490 to ~1.12xx) with 5 Lots ! Way to go, Paul!
Quoting TeddyBearish
{quote} And the rest of market thinks it was a signal to sell... It should bounce back soon. We will see.
Hey, Ted, what you think?
"New loans in China much lower than expected. The local currency were only +555 bln CNY whle 800 was expected, and the previous reading was 1370 bln , almost 3x bigger! A really bad reading which should weight on the global sentiment"
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  • #1,067,024
  • Edited 3:57am May 13, 2016 3:41am | Edited 3:57am
Quoting TudorIoan
{quote} "New loans in China much lower than expected. The local currency were only +555 bln CNY whle 800 was expected, and the previous reading was 1370 bln , almost 3x bigger! A really bad reading which should weight on the global sentiment"
Chinese economy is a black box. Some leaked data are very disturbing. I think PBOC is nearly out of ammo. It should be like a domino across all the global financial market. I am really scared.



@EURUSD option expiries for today: 1.1200 (EUR 463m), 1.1350 (764m), 1.1500 (901m) ... weighted average is 1.1381
Patience is a key to joy.
  • #1,067,025
  • May 13, 2016 4:02am May 13, 2016 4:02am
Quoting TeddyBearish
{quote} Chinese economy is a black box. Some leaked data are very disturbing. I think PBOC is nearly out of ammo. It should be like a domino across all the global financial market. I am really scared. @EURUSD option expiries for today: 1.1200 (EUR 463m), 1.1350 (764m), 1.1500 (901m) ... weighted average is 1.1381
The information on Chinese very poor credit action in April caused immediate negative reaction on markets
New loans were much below expectations and 60% down m/m!!!!!
Some other info ...it seems that some information on poor credit creation has already reached the markets just yesterday on headlines from MNI that 4 main banks halved their loan sales MoM.

God, you're right, that's scary, yes, it gets ugly ...another step on the verge of the global slump!
Member
  • #1,067,026
  • May 13, 2016 4:07am May 13, 2016 4:07am
Quoting TeddyBearish
{quote} Chinese economy is a black box. Some leaked data are very disturbing. I think PBOC is nearly out of ammo. It should be like a domino across all the global financial market. I am really scared.EURUSD option expiries for today: 1.1200 (EUR 463m), 1.1350 (764m), 1.1500 (901m) ... weighted average is 1.1381

HI Teddy .would you please tell how options affect currency like eur/usd?
thanks in advance
  • #1,067,027
  • May 13, 2016 4:21am May 13, 2016 4:21am
Quoting arash66110
{quote}[/b] HI Teddy .would you please tell how options affect currency like eur/usd? thanks in advance
Try to google "How to use forex option expiry information". I am not sure if posting the link would not break rules of this forum.
Patience is a key to joy.
  • #1,067,028
  • May 13, 2016 4:56am May 13, 2016 4:56am
Quoting TudorIoan
The downwards movement could stop because the US retail sales data can generate rather a reversal On pivot_point basis there are some reveresal buying opportunities the monthly mid 1.1333, weekly S1 1.1320, monthly S1 1.1289, daily S1 1.1354 {image}

AND S3 1.126x SMA 5X
  • #1,067,029
  • May 13, 2016 5:03am May 13, 2016 5:03am
So much for the bullish correction
at the time of Flash Europe GDP negative, maybe was time to short daily S1 1.1354 a little down to 1.1332 (monthly-mid as a support) again
..too late now?

Quoting chess king
{quote} AND S3 1.126x SMA 5X
so deep? mmmnot today
Member
  • #1,067,030
  • May 13, 2016 5:09am May 13, 2016 5:09am
My new Elliott Wave trading video
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Trend is your the best friend. Ever
  • #1,067,031
  • Edited 5:40am May 13, 2016 5:18am | Edited 5:40am
Sleep well E/U ! Siesta... pomeriggio in Europe at this hour
Thin range waiting the US data coming in 2 hours
Hold your entries, guys!
Member
  • #1,067,032
  • Edited 6:08am May 13, 2016 5:47am | Edited 6:08am
Posted in Apr 29:
Quoting TeddyBearish
{quote} The GDP growth estimate was published unusually early this time. It was commented by Eurostat that it is just a rough prediction that is based on uncompleted data.
I knew it. I posted it here. So why was the correction of EU GDP from 0.6 to 0.5 such a surprise?? What are the big players' analysts doing? Sleeping?
They don't apparently read my posts. The cheek of it.
I suppose the same traders, who were buying EURUSD up to 1.16 two weeks ago because of the optimistic EU GDP prediction, were selling for 1.133 today after the prediction had been corrected.
Patience is a key to joy.
  • #1,067,033
  • May 13, 2016 6:08am May 13, 2016 6:08am
Quoting TeddyBearish
Posted in Apr 29: {quote} I knew it. I posted it here. So why was the correction of EU GDP from 0.6 to 0.5 such a surprise?? What are the big players' analysts doing? Sleeping? They don't apparently read my posts. The cheek of it.
..was published early and on uncompleted data ...because they wanted to justify the surprise
you're the better man here, Ted, they should listen to you anyway

some recent Fed's comments were helping the dollar, but we need to see a confirmation of Feds views in the data today coming soon
Member
  • #1,067,034
  • May 13, 2016 6:20am May 13, 2016 6:20am
Quoting arash66110
Buy at 1.1350 with stop 1.1250 for 1.16
activated
  • #1,067,035
  • May 13, 2016 6:26am May 13, 2016 6:26am
Quoting TudorIoan
{quote} some recent Fed's comments were helping the dollar, but we need to see a confirmation of Feds views in the data today coming soon
The Fed's comments were the same for the last two or three weeks. "US economy is the best of all, it is growing slowly but the growth is solid, we have to wait for more data..." The more comments, the less they are taken seriously.

Why am I always so surprised by market overreaction to some news which seem obvious and expected in advance to me?
Patience is a key to joy.
  • #1,067,036
  • May 13, 2016 6:30am May 13, 2016 6:30am
Quoting JohnWhale
{quote} Ahahahahahha! I'm the kind brother, I eat only plancton! I love manatees too
I hugged them in the Florida waters when I was still an active scuba diver.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #1,067,037
  • May 13, 2016 6:31am May 13, 2016 6:31am
For the record: "Gold never been so overbought, ever!"
So, if you guys, wanna fill your pokets stay close for the next Gold fire selling soon expected!
Member
  • #1,067,038
  • May 13, 2016 6:35am May 13, 2016 6:35am
Quoting TeddyBearish
{quote} The Fed's comments were the same for the last two or three weeks. "US economy is the best of all, it is growing slowly but the growth is solid, we have to wait for more data..." The more comments, the less they are taken seriously. Why am I always so surprised by market overreaction to some news which seem obvious and expected in advance to me?
Don't be surprised, Ted! Just use that and become a millionaire
Member
  • #1,067,039
  • May 13, 2016 6:40am May 13, 2016 6:40am
start with short open, risk 2% of my yesterday gain :-)

target open.
  • #1,067,040
  • May 13, 2016 6:43am May 13, 2016 6:43am
Quoting TudorIoan
For the record: "Gold never been so overbought, ever!" So, if you guys, wanna fill your pokets stay close for the next Gold fire selling soon expected!
As a financial doomsayer, I belive in gold more than in fiat money.
Quoting TudorIoan
{quote} Don't be surprised, Ted! Just use that and become a millionaire
How can I not to be surprised by market overreaction to not surprising news? Teach me.
Patience is a key to joy.
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