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The Swamp

  • #10,341
  • Dec 6, 2016 2:55am Dec 6, 2016 2:55am
Quoting stylinex
Anyone here catch this dirty drop on the YUAN? http://www.cnbc.com/2016/12/05/rumor...ial-media.html {image}
I got this that might explain it:

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Renminbi Series: Devaluation from Google
6 December 2016, 10:44
Today People’s Bank of China (PBoC) announced the level of the yuan fix 0.43 percent stronger compared to Monday’s level at 6.8575 per dollar. As of now, the yuan is trading at 68747, up 0.06 percent for the day. Offshore yuan, which is largely traded in Hong Kong and isn’t controlled by the trading band is trading at 6.875, down 0.18 percent today so far.
But when you search for USD/CNY exchange rate in Google, the search is showing the above-attached result. The issue got resolved just recently since it was likely to be a mistake. But what triggered is a desire to assess whether such an exchange rate is possible in the near future. We previously estimated that the yuan would reach 7 per dollar and it is very close to our target, but can it slide further towards the rate mistakenly provided by Google.
While a fundamental deterioration and capital flight likely to push exchange rate weaker beyond 7 per dollar, as of now, we don’t see such happening. We don’t see yuan depreciating beyond 7.1 per dollar in the near term. The key resistance lies around 7.1 per dollar and 7.7 per dollar. If China’s debt mountain starts crumbling and crashing down, we could certainly see the yuan weaken towards 7.7 per dollar.
  • #10,342
  • Dec 6, 2016 3:36am Dec 6, 2016 3:36am
Quoting edyraper
Jumped a little early at 0793, another one at 0808.
Small TF target at 0863/84, 0902 is normal PA if one looking for better RR wait for 0902. If anyone in 0793 it gave enough room to pay stops.
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Intraday, maybe some longs at 0709 and 0685 w/ stops few pips below 0680 #eurusd
  • #10,343
  • Dec 6, 2016 3:49am Dec 6, 2016 3:49am
Quoting edyraper
{quote} Small TF target at 0863/84, 0902 is normal PA if one looking for better RR wait for 0902. If anyone in 0793 it gave enough room to pay stops. {image} ...
I jumped a little early at .7777, I do have a wide stop and it's a small trade. the TP is 0830-50 I will watch it. and looking to short from there depending on PA
  • #10,344
  • Dec 6, 2016 3:54am Dec 6, 2016 3:54am
Quoting Amg63
{quote} I jumped a little early at .7777, I do have a wide stop and it's a small trade. the TP is 0830-50 I will watch it. and looking to short from there depending on PA
Good, I would wait for at least 0863(0870 R1) for TP technically. Or even higher till 0902. For me 7777 is too early but there is momentum, let's see.
  • #10,345
  • Dec 6, 2016 4:02am Dec 6, 2016 4:02am
Quoting edyraper
{quote} Good, I would wait for at least 0863(0870 R1) for TP technically. Or even higher till 0902. For me 7777 is too early but there is momentum, let's see.
soon as I hit it,i wished I would have waited. I based it on USD index and a smaller TF. But it's small and I will ride it out as long USD index does not go over 100.25
FYI I am watching USD/CHF again for a good buy entry
  • #10,346
  • Edited 11:11am Dec 6, 2016 4:31am | Edited 11:11am
Quoting edyraper
{quote}EA is ranging, right now at around top of the range don't get caught at top if any fakeouts... looking for bids at lows later around 4136, currently short but old one. #euraud
It went down and jumped off from 4146 bottom of the range, now it up at 4471 around highs. I'm short but it isn't promising much. 4478 is normal pa on smaller setup with 3266 target. I'll update later if I see anything to add. #euraud

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Nice drop ea
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Intraday short scalps at 3309 #usdcad early sell at 3295.
edit: too slow, eh...
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Quoting edyraper
... Intraday, maybe some longs at 0709 and 0685 w/ stops few pips below 0680 #eurusd
Plan was get in earlier, but now here it is. In at 0710

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Seems like sp preparing for a breakout.
  • #10,347
  • Dec 6, 2016 11:14pm Dec 6, 2016 11:14pm
Pending SHORT
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A good trader follows his rules, but great trader knows when to break them
  • #10,348
  • Dec 7, 2016 1:46am Dec 7, 2016 1:46am
Quoting hathor
{quote} Bingo. Waiting for a higher time frame signal here: - daily: no sign of it yet (only over 1.095xx) - weekly is under progress, but close of Friday is still far away. - monthly: if monthly signal needed, than current month is already out of question -> maybe price will hover under 1.095xx till close of Nov (before that October or November will be heavily oversold and will penetrate some previous lows to provoke the bear herd)
Daily signal - check
Weekly signal - check
Monthly signal - under progress
November penetrated last years second leg (2015 Nov & Dec)
f(z)=z2+c
  • #10,349
  • Dec 7, 2016 2:11am Dec 7, 2016 2:11am
Nice pumping #eurgbp
  • #10,350
  • Dec 7, 2016 2:17am Dec 7, 2016 2:17am
Quoting edyraper
Nice pumping #eurgbp
appears GU and EU working against each other... expected the break on GU... but also EU... did not follow, i sold at 1.07214, stops at 25... lets see

PA is a mess tbh, i tried to trade GU, my order was cancelled at 1.2645 for some reason
  • #10,351
  • Dec 7, 2016 2:23am Dec 7, 2016 2:23am
New short #usdjpy sl at .43 st target I have at 110.85. I'll look to be it asap.

Quoting Don96
{quote} appears GU and EU working against each other... expected the break on GU... but also EU... did not follow, i sold at 1.07214, stops at 25... lets see PA is a mess tbh, i tried to trade GU, my order was cancelled at 1.2645 for some reason
EU around weekly lows, GU around previous weekly S now possible R. EU up GU down = EG up. EU nothing happening atm, if anyone in 0710 can move sl to 0697 and book some at 0759 later if not s/o. GU has norm at 2295, I'm still digging for setups to see if I can short or wait for higher.
  • #10,352
  • Dec 7, 2016 3:02am Dec 7, 2016 3:02am
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #10,353
  • Dec 7, 2016 3:08am Dec 7, 2016 3:08am
Dax also broke-out. I have 10987, 10997 & 11317 as Rs.

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What is moving ? ...
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  • #10,354
  • Dec 7, 2016 9:10am Dec 7, 2016 9:10am
Quoting edyraper
Dax also broke-out. I have 10987, 10997 & 11317 as Rs.
Christmas present from ECB End of the year Christmas rally that takes place every year.

predictions for next year for Bitcoin

http://www.reuters.com/article/us-is...-idUSKBN13W1KF
  • #10,355
  • Dec 7, 2016 4:08pm Dec 7, 2016 4:08pm
Quoting edyraper
New short #usdjpy sl at .43 st target I have at 110.85. I'll look to be it asap. {quote} EU around weekly lows, GU around previous weekly S now possible R. EU up GU down = EG up. EU nothing happening atm, if anyone in 0710 can move sl to 0697 and book some at 0759 later if not s/o. GU has norm at 2295, I'm still digging for setups to see if I can short or wait for higher.
hesitated on UJ at 114.22

get anything EG?? nice h4 setup...
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  • #10,356
  • Dec 8, 2016 12:17am Dec 8, 2016 12:17am
Quoting Don96
{quote} hesitated on UJ at 114.22 get anything EG?? nice h4 setup... {image}
#eurgbp 8786 is normal pa, the next decent Rs I got are 8593 and 8673. Smaller setup Rs 8566 and 8586 with missing norm at 8391. Intraday, if pulls back till 8479/8459 I'm buyer for 8586, and seller at 8586.
#usdjpy am scaling in again... SL 113.89, will be asap.
  • #10,357
  • Dec 8, 2016 12:22am Dec 8, 2016 12:22am
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #10,358
  • Dec 8, 2016 2:59am Dec 8, 2016 2:59am
ECB day... If any wtf move, buyer eu at 0476, seller at 1037 (Schick's 1083). #eurusd
  • #10,359
  • Dec 8, 2016 4:03am Dec 8, 2016 4:03am
Quoting gatorinla
{quote} So many brokers with different close levels. Its hard, to get an official one. Than if u take the hour close on Dec.31 est 23:59:59. Later u will find some brokers change it. Some have 0826. Some brokers turn off feed before years end.
i was stopped out of my longs Sunday. i got back in at .070, but chickened out on the drop after .079.. +25 s/o on both. atm eu is near .0800 with fresh new highs today. its near last years close. even with the break of .0515 leg. and even if that means bearish. one shouldn't not think its not a better than a 50/50 shot of returning to 1.1xx. that upper 0515 leg break isnt a 046x leg break. with the years close so near, it may allow a drop of 150ish pips or 1/2 way to the recent .049x low. from there a bounce toward the 1.1 has a decent shot. that 1.2470 is still valid w/o a new -.046 LL. also its normal to return to 1.2xx after the drop 2 years back. 4 places mentioned here may be the better places to look for a short. years 1.08xx close, or after 1.1 or after 1.247 or after a 50% retrace to 1.2xx..

as far as a long goes, one may want to see what happens with years close .08xx (this closes varies depending on broker/ 150 pip retrace 50% above mentioned ) that new break of 0515 may be bearish. its conflicting with 1.2470.. even so, even if its true for bears. one should not underestimate a 1.1 bounce. its just normal. and so is 1.2xx. even if bearish for -1.
those who can, do. those who cant, talk about those who can
  • #10,360
  • Dec 8, 2016 4:30am Dec 8, 2016 4:30am
Quoting edyraper
Dax also broke-out. I have 10987, 10997 & 11317 as Rs. ... What is moving ? ... {image}
Thanks. Any source we can reach these performances daily?
No pain no gain
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