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  • #1,067,301
  • May 17, 2016 6:38am May 17, 2016 6:38am
Something has to happen soon. Looking at the bull case, I can still clearly see one, at least for a scalp up on the H1 chart. There have been multiple breaks of various bear trend lines, each with increasing strength, and some of the bears from early today are still likely trapped and need to be driven out around the high of the day. If bulls were serious in the morning and still mean business, they should have another leg up. Or else, a big vacuum selloff.

EURUSD H1
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"To the busy day / To the idle play"
  • #1,067,302
  • May 17, 2016 6:53am May 17, 2016 6:53am
Quoting Uturn2
EU 15M Chart: [ZZ wave -ii-?] Cheers, U2 {image}
Could be....you are showing what I was thinking this morning.... but I didn't expect a deeper wave -ii- (already 80% or so...?!). So I now looking for the wave b in this wave i (well I hope you can follow what I mean...

It also is a possibility that your green wave b is the intern wave a, your blue wave -i- is then the intern wave b...then we now need a 5-wave move down to 1.1298
That also could fit.... maybe better because if we want to see the 1.1622-64 then we need a decent wave i and ii... for getting there....

Well we see what the market is thinking about the count
You can manage risk, but you can't manage the return
  • #1,067,303
  • May 17, 2016 7:03am May 17, 2016 7:03am
Scalp for NY open
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I come from the future.
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  • #1,067,304
  • Edited 7:53am May 17, 2016 7:28am | Edited 7:53am
well this is the moment of truth.....

edit1:
....and running trade was walking in ....
now the becomes exciting...what directions it goes...

edit2:
well well.... after the last high 1.1340 I expecting a 5-wave move....above 1.1282
after the last moves.... I still have 1.1290 as low of the wave b of wave i.... (also could be the low now....we need to be patient....)

(anyway wave iv is a little bit long.....)

it still looks good for my view......

anyway I'm still waiting for a bullish sign....

edit3:the second screenshot also could a posiible count... that would say...we saw the low.... (anyway wave iv is a little bit short with that 78,64%)
still waiting...for a bullish sign

mhhhh again two possibilities....but still look bullish in my HEW-view....
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You can manage risk, but you can't manage the return
  • #1,067,305
  • May 17, 2016 7:40am May 17, 2016 7:40am
Quoting HappyMe
well this is the moment of truth..... ....and running trade was walking in .... now the becomes exciting...what directions it goes...
up then down....or opposite. ..... Wait i got it - to the right
Beware of robber banks (RB), bad advisors.
  • #1,067,306
  • May 17, 2016 7:41am May 17, 2016 7:41am
Quoting Not-KPMG
{quote} up then down....or opposite. ..... Wait i got it - to the right
You can manage risk, but you can't manage the return
  • #1,067,307
  • May 17, 2016 8:00am May 17, 2016 8:00am
They've doped GBP and USD
...G/U & E/U are drunk
...with those data released today they should drop abruptly
...something's rotten in the market

Quoting TeddyBearish
{quote} Yeah, Brexit. Logically, it should be good for UK economy to escape from the EU socialist hell but EU propaganda is in top gear because Brexit could encourage some other EU member countries to leave EU too. It is why we can read and hear everywhere that Brexit should bring hell on earth.
Hey, Ted, you've missed the show
Member
  • #1,067,308
  • May 17, 2016 8:04am May 17, 2016 8:04am
Quoting TudorIoan
They've doped GBP and USD ...G/U & E/U are drunk ...with those data released today they should drop abruptly ...something's rotten in the market
consider how good the data is in the conditions... I mean how good is it really? and cpi doesn't usually have a big effect tbh, from what I can remember... building permits also down... but again how good or bad is this data really?... the charts tell you... significance is small and expectation was close enough, all in the run ip to hikes
  • #1,067,309
  • May 17, 2016 8:12am May 17, 2016 8:12am
Quoting Don96
{quote} consider how good the data is in the conditions... I mean how good is it really? and cpi doesn't usually have a big effect tbh, from what I can remember... building permits also down... but again how good or bad is this data really?... the charts tell you... significance is small and expectation was close enough, all in the run ip to hikes
I'm telling you, is bad enough for more than 10 pips downwards movement
... E/U is and it's obviously held in an visible artificially manner, the 1.1313 support it looks as it is nailed, an enforced limit
It looks like is ridiculously maneuvered
Member
  • #1,067,310
  • May 17, 2016 8:21am May 17, 2016 8:21am
Quoting HappyMe
well this is the moment of truth..... edit1: ....and running trade was walking in .... now the becomes exciting...what directions it goes... edit2: well well.... after the last high 1.1340 I expecting a 5-wave move....above 1.1282 after the last moves.... I still have 1.1290 as low of the wave b of wave i.... (also could be the low now....we need to be patient....) (anyway wave iv is a little bit long.....) it still looks good for my view...... anyway I'm still waiting for a bullish sign.... edit3:the second screenshot also...
it looks if this was indeed the low... this pulback doesn't fit in the count I have... it's to deep for a wave iv ...

So possible we heading up from here.... I follow it closely.
Already stepped in with a buy @1.1315 sl @1.1294
You can manage risk, but you can't manage the return
  • #1,067,311
  • May 17, 2016 8:22am May 17, 2016 8:22am
Capacity Utilization Rate and Industrial Production ...more positive for the US dollar !!!
...and the euro rises on that data?!!!
...absolutely ridiculous
Member
  • #1,067,312
  • May 17, 2016 8:22am May 17, 2016 8:22am
Quoting TudorIoan
{quote} I'm telling you, is bad enough for more than 10 pips downwards movement ... E/U is and it's obviously held in an visible artificially manner, the 1.1313 support it looks as it is nailed, an enforced limit It looks like is ridiculously maneuvered
in tomorrow's fomc they will compensate
  • #1,067,313
  • May 17, 2016 8:31am May 17, 2016 8:31am
Quoting arash66110
{quote} in tomorrow's fomc they will compensate
Maybe will go down later. This is a diversion. Is an isolated rise only on E/U.
It has no usual correlation on the dollar counterparts ...dax & dow & GBP are momentary sleeping
...yeah, euro is the big shot riseing, ridiculous ...it will drop soon!
It's a very big player's show obviously
Member
  • #1,067,314
  • May 17, 2016 8:36am May 17, 2016 8:36am
Quoting TudorIoan
{quote} Maybe will go down later. This is a diversion. Is an isolated rise only on E/U. It has no usual correlation on the dollar counterparts ...dax & dow & GBP are momentary sleeping ...yeah, euro is the big shot riseing, ridiculous ...it will drop soon! It's a very big player's show obviously
for some simple analysis, check out RSI on EU...

I rarely ever use RSI or MACD etc but in times like these its sometimes useful...


that 1.1340 level about to get fucked

so if your hoping for it to come down because your short and aren't covered, then probs best to close
but then I'm not qualified to advise on how to trade,
so just my 2 cents as they say
I'm pissed I closed my Longs now Raa, I closed EU +25 and GU +50, now look at them
UJ shorts from 109.55 and 109.40 doing well though, as is S+P short
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  • #1,067,315
  • May 17, 2016 8:36am May 17, 2016 8:36am
Profit target reached.
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  • #1,067,316
  • May 17, 2016 8:38am May 17, 2016 8:38am
Quoting TudorIoan
{quote} Maybe will go down later. This is a diversion. Is an isolated rise only on E/U. It has no usual correlation on the dollar counterparts ...dax & dow & GBP are momentary sleeping ...yeah, euro is the big shot riseing, ridiculous ...it will drop soon! It's a very big player's show obviously
well.... this looks a real positive bar for now.... the markt show me signs of bullishness. if 1.1340 goes.... then this thing goes bullish..
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You can manage risk, but you can't manage the return
  • #1,067,317
  • May 17, 2016 8:40am May 17, 2016 8:40am
Going for longs here for good R/R
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  • #1,067,318
  • May 17, 2016 8:41am May 17, 2016 8:41am
Quoting Don96
{quote} for some simple analysis, check out RSI on EU... I rarely ever use RSI or MACD etc but in times like these its sometimes useful... that 1.1340 level about to get fucked
Don't use indicators you rarely use ..they will confirm you what you want to see
...but I shall buy you a beer if 1.1340 get f**cked
Member
  • #1,067,319
  • May 17, 2016 8:41am May 17, 2016 8:41am
Quoting Don96
{quote} for some simple analysis, check out RSI on EU... I rarely ever use RSI or MACD etc but in times like these its sometimes useful... that 1.1340 level about to get fucked
that would be wonderfull...

Maybe I'm to optimistic but my current running-trade target is at 1.1660
let's see if it works out and maybe I can add some buy's to it...that would be nice....

anyway...I don't party to early.....first 1.1340 needs to broken ... agreed! (still I'm not party then ...)
You can manage risk, but you can't manage the return
  • #1,067,320
  • May 17, 2016 8:44am May 17, 2016 8:44am
Quoting TudorIoan
{quote} Maybe will go down later. This is a diversion. Is an isolated rise only on E/U. It has no usual correlation on the dollar counterparts ...dax & dow & GBP are momentary sleeping ...yeah, euro is the big shot riseing, ridiculous ...it will drop soon! It's a very big player's show obviously
We are in stacked large TF demand zones for a few days. After the drop from friday, stopping volume was large and we have been testing the upper limits of the retrace on higher volume I interpret that as institutions have been accumulating positions for a longer term up. News just provides liquidity required for the push.
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