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  • #1,089,541
  • Feb 1, 2017 2:07pm Feb 1, 2017 2:07pm
Don't miss the fact that since yesterday's high it took over 70 oops actually over 100 candles of the 15m timeframe to push price back to 1.0730 levels and then with 2 15m candles we are almost back at top.. that means: Buying is still more profitable than selling and bulls are still powerful..
Focus only on what truly matters!
  • #1,089,542
  • Feb 1, 2017 2:08pm Feb 1, 2017 2:08pm
Hi Suthmo, will it still go to 1.08ish today?

Thanks,
  • #1,089,543
  • Feb 1, 2017 2:10pm Feb 1, 2017 2:10pm
Quoting Ata-Turkoglu
Don't miss the fact that since yesterday's high it took over 70 candles of the 15m timeframe to push price back to 1.0730 levels and then with 2 15m candles we are almost back at top.. that means: Buying is still more profitable than selling and bulls are still powerful..
 
You are smart and patient guy
Respect. 
 
But I'm thinking more shorts. 0780 nice resistance. 
Will advice later on target but 0650 most likely. 
 
Fed solid. 
Beware of robber banks (RB), bad advisors.
  • #1,089,544
  • Feb 1, 2017 2:13pm Feb 1, 2017 2:13pm
Quoting Not-KPMG
{quote}  You are smart and patient guy Respect.  But I'm thinking more shorts. 0780 nice resistance. Will advice later on target but 0650 most likely.  Fed solid.Â
If the drop before FED rate announcement was a wave A and if this spike is wave B then yes I agree we might have a deeper drop to complete wave C.. to me it doesn't matter since I am waiting for the best place to buy.. but thanks for the heads up..

Stay Green
Focus only on what truly matters!
  • #1,089,545
  • Feb 1, 2017 2:14pm Feb 1, 2017 2:14pm
Quoting suthmo
{quote}...I can say the news is a joke and the outcome never changes. {quote}I plot these moves through the news days all the time, and the effect is zero to 30 pips max wobble inside or just outside existing wave structure.
Mmm! Let's rest the argument. To confirm your theory, just do this experiment: Open a trade on a major pair linked with USD on Friday just before the NFP and keep it there for 15 minutes after the news, be fair enough to use a stop loss.

KP
Do your homework, follow the footprints of smart money
  • #1,089,546
  • Feb 1, 2017 2:15pm Feb 1, 2017 2:15pm
Quoting Not-KPMG
{quote}  You are smart and patient guy Respect.  But I'm thinking more shorts. 0780 nice resistance. Will advice later on target but 0650 most likely.  Fed solid.Â
I hope you are right about the shorts . I need a short right now or I will be holding some trades for the next few days.
Carpe Diem
  • #1,089,547
  • Edited 2:30pm Feb 1, 2017 2:18pm | Edited 2:30pm
The gaps on both EU and DX are now covered. Now that all the BS for today, that I know of, is over, price will probably just bounce around between 1.0790 and 1.0760 until the Asian session. I have no idea what Sydney and Tokyo have in mind, but if they're true to form, they'll buy the Euro and then sell it again all starting about an hour after Tokyo opens. Should all be over with in about 2 hours.

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  • #1,089,548
  • Feb 1, 2017 2:22pm Feb 1, 2017 2:22pm
Just based on KPMG's advice I checked again and as a result I think if price surprisingly goes deeper, my final target would be 1.0706 max..

Before FED data came out I was thinking 1.0712 is the dip but now I shift that to 1.0705.. (1 pip lower than dip) As long as we are above this level the 1.0860 levels are still in game..

But anyways, for now the same question remains: will 1.0755 hold or not..

Stay Green
Focus only on what truly matters!
  • #1,089,549
  • Feb 1, 2017 2:33pm Feb 1, 2017 2:33pm
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On a normal trading-day, what is the likelihood of EU moving 10k pips in 1 minute? Very unlikely.
On a normal trading-day, what is the likelihood of EU moving 1000 pips in 1 minute? Very unlikely, but probably more likely than 10k pips in 1 minutes.
On a normal trading-day, what is the likelihood of EU moving 500 pips in 1 minute? Very unlikely, but probably more likely than 1k and 10k in 1 minutes.
On a normal trading-day, what is the likelihood of EU moving 5 pips in 1 minute? Very likely.

Food for thought:
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Constant(Asia, London, New York):
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Energy, frequency and vibration.
  • #1,089,550
  • Feb 1, 2017 2:40pm Feb 1, 2017 2:40pm
Quoting bobby2
The gaps on both EU and DX are now covered. Now that all the BS for today, that I know of, is over, price will probably just bounce around between 1.0790 and 1.0760 until the Asian session. I have no idea what Sydney and Tokyo have in mind, but if they're true to form, they'll buy the Euro and then sell it again all starting about an hour after Tokyo opens. Should all be over with in about 2 hours. EURUSDiM15.png;2167802 Gap is filled.gif;2167804 {image} {image} {image}
And what are the odds that major stay where they are now for the next 8 hours ?
  • #1,089,551
  • Feb 1, 2017 2:42pm Feb 1, 2017 2:42pm
Quoting Ata-Turkoglu
Just...
will be long again ...monitoring EU,AU, NU.
Attached Image


right now I am long USDCAD
  • #1,089,552
  • Edited 2:59pm Feb 1, 2017 2:44pm | Edited 2:59pm
Quoting KeenPips
{quote} Mmm! Let's rest the argument. To confirm your theory, just do this experiment: Open a trade on a major pair linked with USD on Friday just before the NFP and keep it there for 15 minutes after the news, be fair enough to use a stop loss. KP
This is what happens, I project every move through the events and sometimes price wobbles 30 pips above and below. It's already proven extensively throughout my posts. Countless news day forecasts that we're never effected more than this most extreme case. I think we had a NFP or Yellen was flapping her gums few weeks back that wobbled 30 pips inside existing structure.


400 pips in hourly moves called leading upto NFP day, then plotted out the whole day. Only 30 pip deviation either side of projection @ news time
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Founder of Sutherland Wave Principle
  • #1,089,553
  • Feb 1, 2017 2:49pm Feb 1, 2017 2:49pm
Quoting suthmo
..We're missing a reason the market moves that isn't based on voodoo. ....
There is no woodo. I use this one , made in china , limited edition !!
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  • #1,089,554
  • Feb 1, 2017 2:49pm Feb 1, 2017 2:49pm
Vola started dropping inside these hours..

On M5 the way is blocked at 1.0777 towards North.. and at 1.0759 towards South..

Made some small profits here and there so the day was not wasted.. I call it a day for now.. see you all at Frankfurt session hopefully..

Good Evening
Focus only on what truly matters!
  • #1,089,555
  • Feb 1, 2017 2:59pm Feb 1, 2017 2:59pm
Quoting ruma29
{quote} will be long again ...monitoring EU,AU, NU. eagle.jpg;2167841 right now I am long USDCAD {image}
That's a nice pic. I love bald eagles.
  • #1,089,556
  • Edited 3:24pm Feb 1, 2017 3:04pm | Edited 3:24pm
Quoting yanitsa
{quote} And what are the odds that major stay where they are now for the next 8 hours ?
I think it's safe to say that ALL pairs won't be at the same price they're at now 8 hours from now. In fact, I might not even live to see 8 hours from now. Not my 1st choice, but it could happen.

If you're asking me exactly what will happen in the next 8 hours, I have no idea. I do my best to trade what happens when I'm at my terminal. But, there are certain market behaviors that happen with enough regularity that it might be advantageous to keep an eye out.
  • #1,089,557
  • Feb 1, 2017 3:06pm Feb 1, 2017 3:06pm
Quoting bobby2
{quote} I think it's safe to say that ALL pairs won't be at the same price they're at now 8 hours from now. In fact, I might not even live to see 8 hours from now. Not my 1st choice, but it could happen.
very wise and powerful words
  • #1,089,558
  • Feb 1, 2017 3:08pm Feb 1, 2017 3:08pm
Quoting ruma29
{quote} There is no woodo. I use this one , made in china , limited edition !! crystal-ball-6.jpg;2167849 {image}
Very good Ruma29 is studying fractal geometry in crystal formations, identifying the underlying cycles and apply that to market movements. He can be rich in no time. Well about ten years of decoding you can plot out the sequence and then it's all gravy from there.
Founder of Sutherland Wave Principle
  • #1,089,559
  • Feb 1, 2017 3:20pm Feb 1, 2017 3:20pm
Quoting suthmo
{quote} This is what happens, I project every move through the events and sometimes price wobbles 30 pips above and below. It's already proven extensively throughout my posts. Countless news day forecasts that we're never effected more than this most extreme case. I think we had a NFP or Yellen was flapping her gums few weeks back that wobbled 30 pips inside existing structure. 400 pips in hourly moves called leading upto NFP day, then plotted out the whole day. Only 30 pip...
Aren't we in 2017? 2013...can't remember if i was born then.
  • #1,089,560
  • Feb 1, 2017 3:24pm Feb 1, 2017 3:24pm
Quoting Stillearnin
{quote} Aren't we in 2017? 2013...can't remember if i was born then.
This was the first one, the AH hah moment. This is when it become perfectly clear that NFP is only a 30 pip wobble at best. And all the ones traded through since then, never give me any trouble so long as I keep that 30 pip area around my projection. I've been here saying the same thing since before you we're born it sounds like.
Founder of Sutherland Wave Principle
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