The Phoenix Trader....
- #1,095,981
- Mar 12, 2017 11:18pm Mar 12, 2017 11:18pm
- Joined Aug 2010 | Status: Trader | 1,318 Posts
The Phoenix Trader....
- #1,095,982
- Mar 12, 2017 11:32pm Mar 12, 2017 11:32pm
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Good morning 
Not much happened during Asia Session, so there is not much to say.
My Outlook with charts (D1+H1) is here --> https://www.forexfactory.com/showthr...24#post9654924
(posted yesterday, before Asia Open)
I expect a slow morning, until 14:30 Draghi speech. If you trade my charts, don't trade around it! (never trade around red flags)
my todays Trading:
I already tried some pre Open shorts over all EURUSD/EURGBP/EURJPY/GBPUSD and a Long on USD/CHF (orders are already closed for baby pips profit as the trades didn't "pull" before open and I am not really awake yet. (0.5% net profit pre-awake is not bad
)
But the signals are there, all pairs are facing cluster resistance, and this is the direction I most likely will watch for signals after Open.
Slow market until 14:00 to be expected (good for technical, good for H1 Scalps).
Afternoon, everything changes again, so we'll see, but we shold be green until then.
Have fun, stay careful, and green pips
Not much happened during Asia Session, so there is not much to say.
My Outlook with charts (D1+H1) is here --> https://www.forexfactory.com/showthr...24#post9654924
(posted yesterday, before Asia Open)
I expect a slow morning, until 14:30 Draghi speech. If you trade my charts, don't trade around it! (never trade around red flags)
my todays Trading:
I already tried some pre Open shorts over all EURUSD/EURGBP/EURJPY/GBPUSD and a Long on USD/CHF (orders are already closed for baby pips profit as the trades didn't "pull" before open and I am not really awake yet. (0.5% net profit pre-awake is not bad
)But the signals are there, all pairs are facing cluster resistance, and this is the direction I most likely will watch for signals after Open.
Slow market until 14:00 to be expected (good for technical, good for H1 Scalps).
Afternoon, everything changes again, so we'll see, but we shold be green until then.
Have fun, stay careful, and green pips
you are not expected to understand this
- #1,095,983
- Mar 12, 2017 11:33pm Mar 12, 2017 11:33pm
- | Joined Sep 2013 | Status: Trader | 2,240 Posts
- #1,095,985
- Mar 12, 2017 11:42pm Mar 12, 2017 11:42pm
- Joined Dec 2015 | Status: Trader | 14,259 Posts
Member
- #1,095,988
- Mar 12, 2017 11:47pm Mar 12, 2017 11:47pm
- Joined Dec 2015 | Status: Trader | 14,259 Posts
Friday NFP was 235K, a very good figure but EURUSD went up and took by surprise many traders. THIS IS WHY I DON'T do THE FUNDAMENTAL DATA AND FUNDAMENTAL NEWS!!! I only watch the charts, everything is in the charts and ofcourse most of the news are already factored in. I wait for EURUSD to reach 1.0750 and I will sell for 100 pips target. All the best!
Member
- #1,095,989
- Mar 12, 2017 11:49pm Mar 12, 2017 11:49pm
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
Friday NFP was 235K, a very good figure but EURUSD went up and took by surprise many traders. THIS IS WHY I DON'T do THE FUNDAMENTAL DATA AND FUNDAMENTAL NEWS!!! I only watch the charts, everything is in the charts and ofcourse most of the news are already factored in. I wait for EURUSD to reach 1.0750 and I will sell for 100 pips target. All the best!
you are not expected to understand this
- #1,095,991
- Mar 12, 2017 11:54pm Mar 12, 2017 11:54pm
{quote} Totally agree with you! If you don't understand economics and finances you better just watch the charts. You can make a great trader like this
On the other hand yes, your fundamental analysis is realy great and this is why I follow you lol
P.S. Gone are the days I had the patience and nerves to do my own fundamental analysis lol
All the best and trade well!!!
- #1,095,992
- Mar 12, 2017 11:55pm Mar 12, 2017 11:55pm
- Joined Aug 2010 | Status: Trader | 1,318 Posts
The Phoenix Trader....
- #1,095,993
- Mar 12, 2017 11:55pm Mar 12, 2017 11:55pm
- Joined Dec 2015 | Status: Trader | 14,259 Posts
{quote} 100% agreed, question for you. In the equity/futures markets (to some extent), for a while, good news was bad news. In FOREX, does that same thought process work in establishing a trading plan? Thanks
The signal comes fron the US economy stronger on good macro indicators printings and the ECB hawkish on visible improving euro economy.
It's a growing euphoria all over the charts. And it's possible that the hike on Wednesday might not cause a mini crash of the euro, ...because euro is backed up by the ECB for the moment
Member
- #1,095,994
- Mar 12, 2017 11:58pm Mar 12, 2017 11:58pm
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
{quote} Hello Tudor! I do understand the fundamentals but I think the price reflects them better than anything and I also like simple things, I realy I am a zen practitioner (zen meditation and zen atitude lol ) and I like simple things and what is more simple than to react to the price !!!??? On the other hand yes, your fundamental analysis is realy great and this is why I follow you lol P.S. Gone are the days I had the patience and nerves to do my own fundamental analysis lol All the best and trade well!!!
And I totaly agree with your view on Tudors fundamentals.
you are not expected to understand this
- #1,095,995
- Mar 12, 2017 11:58pm Mar 12, 2017 11:58pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,084 Posts
Just wondering if anyone thinks the bottom chart looks bullish in any way,,,,,,,,, it is the inverse of eur,,,,,, USD/EUR, if it does by all means keep shorting , the stops will just keep propelling the top chart up, If any pullback it may only be too the 50 level of the move down to quarterly open , at least wait till dragi speaks to throw your money away it can move a long way from now till then. Just saying. 
- #1,095,996
- Mar 12, 2017 11:59pm Mar 12, 2017 11:59pm
- Joined Dec 2015 | Status: Trader | 14,259 Posts
{quote} Hello Tudor! I do understand the fundamentals but I think the price reflects them better than anything and I also like simple things, I realy I am a zen practitioner (zen meditation and zen atitude lol ) and I like simple things and what is more simple than to react to the price !!!??? On the other hand yes, your fundamental analysis is realy great and this is why I follow you lol P.S. Gone are the days I had the patience and nerves to do my own fundamental analysis lol All the best and trade well!!!
But now it's a good example that fundamentals are useful.
If you don't understand what are the economical grounds for a rate rising you miss the fact that Hourly Average Earnings beats the almighty NFP
(edit: in some particular situations!!!)
Member
- #1,095,997
- Mar 12, 2017 11:59pm Mar 12, 2017 11:59pm
{quote} Yeap DAX, SP500, DJ they all surged lately. (reversed historical correlation with the ccy) The signal comes fron the US economy stronger on good macro indicators printings and the ECB hawkish on visible improving euro economy. It's a growing euphoria all over the charts. And it's possible that the hike on Wednesday might not cause a mini crash of the euro, ...because euro is backed up by the ECB for the moment
Regards!
- #1,095,998
- Mar 13, 2017 12:02am Mar 13, 2017 12:02am
- Joined Mar 2008 | Status: Name real with real own way | 23,418 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #1,095,999
- Mar 13, 2017 12:02am Mar 13, 2017 12:02am
- Joined Feb 2012 | Status: Trader | 5,619 Posts
FX is a Bitc*h!, No one keeps me wake all night but FX does!!