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What is and what should never be*

  • #81
  • Aug 30, 2016 6:05am Aug 30, 2016 6:05am
And they're off?
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  • #82
  • Aug 30, 2016 8:05am Aug 30, 2016 8:05am
Took a short near previous intraday highs. Lacking momentum so far. Flat on fiber, though.
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  • #83
  • Aug 30, 2016 10:52am Aug 30, 2016 10:52am
Reduced target, weak momentum, area of demand and end of trading day

+30, Fiber dropped almost down to 1.1130. Leaving that for tomorrow probably. Dollar Index reached 96.00.
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  • #84
  • Aug 30, 2016 11:22am Aug 30, 2016 11:22am
Something I find very helpful to filter bad trades - try to sell above the daily open and buy below it. If you can't, then at least try to do so as close as possible to the open, because that's where your stops are at the most safest and when that daily range starts to expand, you're more likely to be on the right side of the market. Spending time on daily charts sure helps.

Once again, markets are not random.
  • #85
  • Aug 30, 2016 1:45pm Aug 30, 2016 1:45pm
Quoting WDays
Okay, so I just got home after a 5 hour trip, I will post a few notes on EU and will elaborate further on them tomorrow morning. A few things, though - I base my weekly analysis on the daily and H4 charts. I note key levels and keep in mind the longer term trend. Since price action is fractal, there are trends within the trend. The weekly charts showcase a rangebound/consolidating market, I'd say the euro is capped to the upside at the 1.15 mark, I will therefore denote 1.1460 as a supply area, the pair coming down from being overbought. With that...
1.1130 hit!
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  • #86
  • Aug 31, 2016 2:35am Aug 31, 2016 2:35am
With a bearish bias in mind, I'll be looking to short cable from 1.3120 or higher, right above the last few days' highs.
This time flat on euro purposely, because it is close to the 1.1120 level I called. I will only short it if it shows willingness to break below.
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  • #87
  • Aug 31, 2016 2:39am Aug 31, 2016 2:39am
95.90 is now support, with eyes on 96.50 for today's upside target on dollar. A sharp drop below 95.90 would mean a grasp for liquidity right below, @ 95.80.
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  • #88
  • Aug 31, 2016 3:19am Aug 31, 2016 3:19am
Quoting WDays
With a bearish bias in mind, I'll be looking to short cable from 1.3120 or higher, right above the last few days' highs. This time flat on euro purposely, because it is close to the 1.1120 level I called. I will only short it if it shows willingness to break below. {image}
Reconsidering the short for now. Took a few pips as it was climbing.

Might enter as soon as USDx stops dropping. Could take a short on EU too.
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  • #89
  • Aug 31, 2016 4:49am Aug 31, 2016 4:49am
Holding for now.
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  • #90
  • Aug 31, 2016 7:25am Aug 31, 2016 7:25am
40 on GU, EU still running.
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  • #91
  • Aug 31, 2016 7:31am Aug 31, 2016 7:31am
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  • #92
  • Aug 31, 2016 8:10am Aug 31, 2016 8:10am
Trailing hit
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  • #93
  • Aug 31, 2016 8:16am Aug 31, 2016 8:16am
22+40+15 = 77 pips for today, not too bad for having no indicators
  • #94
  • Aug 31, 2016 9:26am Aug 31, 2016 9:26am
I am coming off my initial weekly bearish bias.

EURUSD has hit 1.11268, which is an area of demand (bullish orders inside the area). I expect Fiber may rally a little tomorrow.
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  • #95
  • Aug 31, 2016 10:36am Aug 31, 2016 10:36am
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  • #96
  • Sep 1, 2016 9:36am Sep 1, 2016 9:36am
Dollar found demand, limiting upside on foreign currencies.
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  • #97
  • Sep 1, 2016 9:41am Sep 1, 2016 9:41am
It is too early to tell, but my wild guess is payrolls will be dollar friendly and 96.50 should be reached tomorrow afternoon.
  • #98
  • Sep 1, 2016 9:46am Sep 1, 2016 9:46am
Cable & Fiber
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  • #99
  • Sep 1, 2016 9:48am Sep 1, 2016 9:48am
Quoting WDays
I am coming off my initial weekly bearish bias. EURUSD has hit 1.11268, which is an area of demand (bullish orders inside the area). I expect Fiber may rally a little tomorrow. {image}
What do you know? Fiber did rally today
  • #100
  • Sep 6, 2016 4:35am Sep 6, 2016 4:35am
Expecting a return to 1.1250ish on EU before it heads down.
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