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  • #1,093,921
  • Mar 1, 2017 12:25pm Mar 1, 2017 12:25pm
Fundamental analysis
we'll see.
  • #1,093,922
  • Mar 1, 2017 12:28pm Mar 1, 2017 12:28pm
maybe
  • #1,093,923
  • Mar 1, 2017 12:37pm Mar 1, 2017 12:37pm
Quoting Windstrown
{quote} Sorry man but on a long term i disagree.. Europe is recovering steadly regardless what ppl might say the low rate is paying off, but inflation is picking up and a need to increase rates back from negative and stop tampering needs to happen.
Interesting theory. What I think of long term is the end of this year. That's all. Either parity will happen or won't. Not much 500-600 pips. That's it.
  • #1,093,924
  • Mar 1, 2017 12:40pm Mar 1, 2017 12:40pm
The Serpent has awaken and is moving to the target!
  • #1,093,925
  • Mar 1, 2017 12:43pm Mar 1, 2017 12:43pm
Quoting frx_trader
{quote} Interesting theory. What I think of long term is the end of this year. That's all. Either parity will happen or won't. Not much 500-600 pips. That's it.
Thank you but its jsut a theory to be honest as you probably know, it can be completly off :x
  • #1,093,926
  • Mar 1, 2017 12:43pm Mar 1, 2017 12:43pm
Quoting Windstrown
{quote} Sorry man but on a long term i disagree.. Europe is recovering steadly regardless what ppl might say the low rate is paying off, but inflation is picking up and a need to increase rates back from negative and stop tampering needs to happen. In 6 months you'll start hearing talks about eur rates going higher and eur (that should be about 1.03-1.05) by then will start climbing back slowly. Long term parity is something that could have happened 2 years ago or even in november. Didn't happen, If this goes to parity tbh drop the euro because...
Excellent speculation. I still favor 1.1+ mid to long term. And I'd like to see even higher. I'm just saying, I think we'll see that before parity or a break below current bottoms, if we do indeed see either of those.

Everyone is screaming March Fed hike, that's their favorite time to postpone a hike, when everyone is clamouring. I tend to trade against retail though. What a rebel... I was also completely wrong to load up on BTC at $40 some years ago.

One way or the other, it's all speculation. We could both be completely wrong, or just half right. Only time will tell eh?
What *are* these electrolytes? Do you even know?
  • #1,093,927
  • Mar 1, 2017 12:48pm Mar 1, 2017 12:48pm
One big fat bear trap
  • #1,093,928
  • Mar 1, 2017 12:52pm Mar 1, 2017 12:52pm
Quoting Don96
One big fat bear trap
You're probably right.

Trump clearly wants a weaker dollar. All his big money friends are laughing all the way to Bermuda... I wanna go with them.
What *are* these electrolytes? Do you even know?
  • #1,093,929
  • Mar 1, 2017 1:13pm Mar 1, 2017 1:13pm
Exited short $JY at 113.60 at a small prof. Sidelines . Watching ...
  • #1,093,930
  • Mar 1, 2017 1:24pm Mar 1, 2017 1:24pm
Shorting with TP 1.052
  • #1,093,931
  • Mar 1, 2017 1:25pm Mar 1, 2017 1:25pm
Quoting Don96
One big fat bear trap
It is trading below weekly open, well.. You surely know what that means mate.

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  • #1,093,932
  • Mar 1, 2017 1:26pm Mar 1, 2017 1:26pm
This is the first swing low on hourly chart building.. it will not end with just one swing high either.. So try to get out of shorts in time from this drop and short later again.. I expect a second test to reach at higher levels than 1.0570..

Stay Green
Focus only on what truly matters!
  • #1,093,933
  • Mar 1, 2017 1:34pm Mar 1, 2017 1:34pm
Risky days !

Did you watch Villarreal vs Real Madrid it was the same come back.

How much income in a week make you satisfy?
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  • #1,093,934
  • Mar 1, 2017 1:37pm Mar 1, 2017 1:37pm
It looks to me like there should be HUGE support for the LONG side at 1.053 and slightly above there. Personally, I'm favoring long here now by my systems but who knows I suppose... my guess would be we resume up now from the around 1.055 we are currently at.
  • #1,093,935
  • Mar 1, 2017 1:38pm Mar 1, 2017 1:38pm
Quoting Ata-Turkoglu
This is the first swing low on hourly chart building.. it will not end with just one swing high either.. So try to get out of shorts in time from this drop and short later again.. I expect a second test to reach at higher levels than 1.0570.. Stay Green

Hmm, lemme check again.
Naah, I think we are good, may or may not happen. Want to be here while it is taking that 1.0520 again. It will be a massacre.
Stop in a good place I believe, so keeping the trade open.
  • #1,093,936
  • Mar 1, 2017 1:57pm Mar 1, 2017 1:57pm
Quoting Connors
{quote} Hmm, lemme check again. Naah, I think we are good, may or may not happen. Want to be here while it is taking that 1.0520 again. It will be a massacre. Stop in a good place I believe, so keeping the trade open.
My thinking was like this.. It needs to build a channel or flag or wedge etc..

I expect an ABC wave towards 1.0595 area.. because the steep swing high doesn't look like a direct up-down zigzag to me.. I estimate an ABC correction.. Therefore bears should wait a little bit before fully shorting again.. but just my humble opinion... (chart below is the hourly)

Stay Green
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Focus only on what truly matters!
  • #1,093,937
  • Mar 1, 2017 2:00pm Mar 1, 2017 2:00pm
Quoting Ata-Turkoglu
This is the first swing low on hourly chart building.. it will not end with just one swing high either.. So try to get out of shorts in time from this drop and short later again.. I expect a second test to reach at higher levels than 1.0570.. Stay Green
I agree. I got stopped out at 1.05502 with 25 pip profit and re-entered and bought at 1.05502 with the same TP at 1.05785
  • #1,093,938
  • Mar 1, 2017 2:06pm Mar 1, 2017 2:06pm
Quoting Ata-Turkoglu
{quote} My thinking was like this.. It needs to build a channel or flag or wedge etc.. I expect an ABC wave towards 1.0595 area.. because the steep swing high doesn't look like a direct up-down zigzag to me.. I estimate an ABC correction.. Therefore bears should wait a little bit before fully shorting again.. but just my humble opinion... Stay Green {image}

I see where you are coming at and it is all good mate.
It is just that it is at an extremely sensitive area atm. I dont think 1.0520 can hold next time it gets there.
I did some scalps today and kinda tired a little so this one is a keeper with a proper stop loss in place.
  • #1,093,939
  • Mar 1, 2017 2:07pm Mar 1, 2017 2:07pm
Quoting Ata-Turkoglu
{quote} My thinking was like this.. It needs to build a channel or flag or wedge etc.. I expect an ABC wave towards 1.0595 area.. because the steep swing high doesn't look like a direct up-down zigzag to me.. I estimate an ABC correction.. Therefore bears should wait a little bit before fully shorting again.. but just my humble opinion... (chart below is the hourly) Stay Green {image}
Bears are better now.
I disagree with this ABC.

I say 5 wave down with 3rd now...

But there may be inverted H&S on 4 hourly.....
Hmm.
I'm looking down though
Beware of robber banks (RB), bad advisors.
  • #1,093,940
  • Mar 1, 2017 2:09pm Mar 1, 2017 2:09pm
Quoting Connors
{quote} I see where you are coming at and it is all good mate. It is just that it is at an extremely sensitive area atm. I dont think 1.0520 can hold next time it gets there. I did some scalps today and kinda tired a little so this one is a keeper with a proper stop loss in place.
Okeedokee mate.. good luck..

Best Regards
Focus only on what truly matters!
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