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  • #1,068,961
  • Jun 2, 2016 1:26am Jun 2, 2016 1:26am
Hi,

Long 1.1166 has been closed 1.1204.
I expected market reach 1.1218 but still didn't. I wait for correction wave... not too big. I would be nice if the wave is flat or almost flat. I am getting ready for next long. Looking for good place but also looking at candles. We'll see.
Just in case I put sell limit under 1,1295.
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  • #1,068,962
  • Edited 1:44am Jun 2, 2016 1:29am | Edited 1:44am
Quoting Michofx
I think in such crisis , you should be checking the fundamental more than technical and uses technical as an indicator to know when to enter and when to leave. At the end , tomorrow draghi gonna talk and he should be dovish since the euro is in uncertainties now and also check friday. If the NFP got good news. I can say then that eur/usd will fall to 1.08
Yes, I agree. That is exactly what I am saying all the time. The crisis is a currency war. It is very heavy now. Monetary interventions are in full flood. It is a risky environment for retail traders.
Patience is a key to joy.
  • #1,068,963
  • Jun 2, 2016 1:32am Jun 2, 2016 1:32am
Quoting TeddyBearish
{quote} Market was dissapointed because the hike was smaller than expected.
Hi! What about today?
Upwards, ... in the circumstances of a decreaseing probability for the hike from 30% last week to 22.5% now
...or consolidation, correction ?

Quoting saeiddll
{quote} hello, in the first move eurusd down until 1.1070 and later receive to 1.1395 and later 1.1730
on what? on the circumstances of a decreaseing probability for the hike from 30% last week to 22.5% now ?
...it's possible
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  • #1,068,964
  • Jun 2, 2016 1:35am Jun 2, 2016 1:35am
my analysis and strategy for eurusd today, june 2, 2016, check it out
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  • #1,068,965
  • Jun 2, 2016 1:41am Jun 2, 2016 1:41am
Hi,

I am new on hear and a newbie trader. Would you recommend a newbie like me not trade on a day such as today and tommorrow because of NFP and all the news?
  • #1,068,966
  • Jun 2, 2016 1:43am Jun 2, 2016 1:43am
Quoting TudorIoan
{quote} Hi! What about today? Upwards, ... in the circumstances of a decreaseing probability for the hike from 30% last week to 22.5% now ...or consolidation, correction ? {quote} on what? on the circumstances of a decreaseing probability for the hike from 30% last week to 22.5% now ? ...it's possible
Hi! I think that the sharp weakening of USD is artificial. It is not about any data and news. USD has weakened in spite of the last data. It is hardly predictable and risky for us now. But EURUSD will go down after this tricky period. Hopefully today.
Patience is a key to joy.
  • #1,068,967
  • Jun 2, 2016 1:51am Jun 2, 2016 1:51am
EUR USD D1 in an interesting place EUR, What will today Mario Printe Goldman Draghi,
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  • #1,068,968
  • Jun 2, 2016 1:54am Jun 2, 2016 1:54am
Quoting TeddyBearish
{quote} Hi! I think that the sharp weakening of USD is artificial. It is not about any data and news. USD has weakened in spite of the last data. It is hardly predictable and risky for us now. But EURUSD will go down after this tricky period. Hopefully today.
USD is way overbought, didn't take a single real correction whole month. Those who went short at the top are now exiting their positions as 1.11 has proved to be major support, hence pushing Euro further up.
  • #1,068,969
  • Jun 2, 2016 1:55am Jun 2, 2016 1:55am
Today is one of the main events of the week with the ECB Monetary policy statement and Press Conference so we may expect higher volatility. In my opinion nothing will happen and the strategy will remain the same, LTRO in June.

Yesterday the EUR/USD closed above the 10-day moving average and stochastic came out of the extreme oversold area so I'm expecting a run up to the 50-day moving average at 1.1308 in the couple of days to come if the non-farm, that is due tomorrow, do not mess up my plan.
  • #1,068,970
  • Jun 2, 2016 1:55am Jun 2, 2016 1:55am
Quoting TeddyBearish
{quote} Hi! I think that the sharp weakening of USD is artificial. It is not about any data and news. USD has weakened in spite of the last data. It is hardly predictable and risky for us now. But EURUSD will go down after this tricky period. Hopefully today.
Absolutely! Agree. At the historical scale dollar is still STRONG, really.
Also ISM good!
Member
  • #1,068,971
  • Jun 2, 2016 1:56am Jun 2, 2016 1:56am
Quoting TeddyBearish
{quote} Hi! I think that the sharp weakening of USD is artificial. It is not about any data and news. USD has weakened in spite of the last data. It is hardly predictable and risky for us now. But EURUSD will go down after this tricky period. Hopefully today.

The ideea that Yellen will raise rate is allready in the market. If jobs ar below 156 pa will explode.
Draghi will not let eu fall 2 consecutive time ( 15 june , 23 june ).

I think first leg down 1,1070
- second leg up 1,1315

i will trade this way.

Happy trade all! or better if you do not have open position... STAY OUT! . There will be blood on the dance floor..!
  • #1,068,972
  • Jun 2, 2016 2:00am Jun 2, 2016 2:00am
Quoting Anubisval
{quote} The ideea that Yellen will raise rate is allready in the market. If jobs ar below 156 pa will explode. Draghi will not let eu fall 2 consecutive time ( 15 june , 23 june ). I think first leg down 1,1070 - second leg up 1,1315 i will trade this way. Happy trade all! or better if you do not have open position... STAY OUT! . There will be blood on the dance floor..!
Hi, Anubis! Thnx for the tip, buddy
Member
  • #1,068,973
  • Jun 2, 2016 2:05am Jun 2, 2016 2:05am
Quoting Dano12
EUR USD D1 in an interesting place EUR, What will today Mario Printe Goldman Draghi, {image} {image} {image}
Bingo!
Goldman Sachs predicts EURUSD at 1.05 at the end of this year. Will Mario obey?
Patience is a key to joy.
  • #1,068,974
  • Jun 2, 2016 2:18am Jun 2, 2016 2:18am
Quoting TeddyBearish
{quote} Bingo! Goldman Sachs predicts EURUSD at 1.05 at the end of this year. Will Mario obey?

Never ever go to Big Bank and investitor prediction that are seen on the internet !!

In december 2015 Raiffeisen Bank predict pa reach 0,98 at the end of year 2016 !
And Barclays predict 1,02-1,00 at mid 2016 ... Guess what )) is 1,12 now in 06.2016 is just and error of 1000 pips nothing big ))
  • #1,068,975
  • Jun 2, 2016 2:23am Jun 2, 2016 2:23am
Quoting TudorIoan
{quote} Hi, Anubis! Thnx for the tip, buddy

Tudor nice posting here on forum!!!
Good job friend!!
  • #1,068,976
  • Edited 2:55am Jun 2, 2016 2:25am | Edited 2:55am
Quoting Nabz
{quote} USD is way overbought, didn't take a single real correction whole month. Those who went short at the top are now exiting their positions as 1.11 has proved to be major support, hence pushing Euro further up.
Fed's rate hikes are very unpopular in some countries because the countries have a lot of debts in USD. EURUSD is not the actual battlefield. E.g. watch what is happening on USDCNH right now.
BTW, Saudi riyal (SAR) is cracking. Saudi central bank has forbidden Saudi banks to allow their clients to short SAR but they did it massively anyway (mostly against USD). Several days ago, Saudi central bank has started to check the banks whether they obey the ban or not...
Patience is a key to joy.
  • #1,068,977
  • Jun 2, 2016 2:30am Jun 2, 2016 2:30am
placed a BUY on EUR/USD 5 mins ago and I won. Is it just newbies that, when they place a trade, their heart beats a mile a minute and their hands start to sweat??
  • #1,068,978
  • Edited 2:42am Jun 2, 2016 2:31am | Edited 2:42am
1.1216 26th of May spike hard to break (and Daily R1)
...maybe later
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  • #1,068,979
  • Jun 2, 2016 2:50am Jun 2, 2016 2:50am
[quote=TudorIoan;8958076]1.1216 26th of May spike hard to break (and Daily R1) ...maybe later {image}[/quote
If that holds , then EUR likley to slide down towards 1.08ish
  • #1,068,980
  • Jun 2, 2016 3:04am Jun 2, 2016 3:04am
[quote=yanitsa;8958101]
Quoting TudorIoan
1.1216 26th of May spike hard to break (and Daily R1) ...maybe later {image}[/quote If that holds , then EUR likley to slide down towards 1.08ish
It's a long way to 1.0800 ...maybe we should wait the ECB's Draghi today and NFP
...but yes, the long term bias is still bearish
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