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  • #1,100,201
  • Mar 29, 2017 1:41am Mar 29, 2017 1:41am
Quoting kittikann.s
where it gonna stop? i'm preparing for long!
If You like bottom picking like Don , try 1.0781 bid for today .
Firts ratio was surpassed !
  • #1,100,202
  • Mar 29, 2017 1:43am Mar 29, 2017 1:43am
Force is strong with this move. Betting it will stop at 0775 instead of my stops (0760)
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  • #1,100,203
  • Mar 29, 2017 1:44am Mar 29, 2017 1:44am
Quoting Connors
{quote} No need man, apart from yourself who is reading them anyway?!!? Lol..
don't read them myself either lololol

Quoting jusstin911
{quote} uhm T, I think USD is going for 101.10 then head back down like never before
nasty boy USD, huh! ...ok, it's the art. 50, stay close for the show.
Member
  • #1,100,204
  • Mar 29, 2017 1:54am Mar 29, 2017 1:54am
Why would anyone be buying Euros? Has anyone considered that Britain's exit may be harmful to the EU? And thus Europe? Trump has already pledged support for Britain with a 'good trade deal.'

Thoughts?

A
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,100,205
  • Mar 29, 2017 1:58am Mar 29, 2017 1:58am
I may be in the wrong but I have this strange feeling that trump is not being taken seriously
Is forex rocketscience? Yes it is.
  • #1,100,206
  • Mar 29, 2017 2:02am Mar 29, 2017 2:02am
Quoting CannonScout
Why would anyone be buying Euros? Has anyone considered that Britain's exit may be harmful to the EU? And thus Europe? Trump has already pledged support for Britain with a 'good trade deal.' Thoughts? A
Well as this is a big unknown still I think to err on the side of caution with this one is the name of the game. I looked at the Tech Targets today and they said they were also 'Surprised' at the move yesterday. I can't understand that. This is a big thing for UK and Europe so why the surprise?
  • #1,100,207
  • Mar 29, 2017 2:03am Mar 29, 2017 2:03am
Yeah thanks aud - miss by spread then stop me b.e 🖒
  • #1,100,208
  • Mar 29, 2017 2:07am Mar 29, 2017 2:07am
Quoting CannonScout
Why would anyone be buying Euros? Has anyone considered that Britain's exit may be harmful to the EU? And thus Europe? Trump has already pledged support for Britain with a 'good trade deal.' Thoughts? A
The northern country are doing very well. Brexit is no harm to EU. Those clowns in Brussel that make EU lame.
  • #1,100,209
  • Mar 29, 2017 2:10am Mar 29, 2017 2:10am
Quoting frx_trader
{quote} The northern country are doing very well. Brexit is no harm to EU. Those clowns in Brussel that make EU lame.
How so? Due to released data? Idk. And that may not always translate into demand for the currency.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,100,210
  • Mar 29, 2017 2:18am Mar 29, 2017 2:18am
The first retracement failed , now we are entering the second wave downward , it's worth waiting to monitor how this Wave 2 behave and the depth of it , then we can decide where to enter...usually W2 is the longest wave , so I am expecting a pull downward but I am not trading it.. I made my profit on the first retracement attempt
  • #1,100,211
  • Mar 29, 2017 2:20am Mar 29, 2017 2:20am
Quoting Jonstaples
{quote} For me today is correction day, price is trading below daily pivot point, stochastic below the 50 mid line. Made my entry just below the pivot point @ 1.0864 with a target @ 1.0829 previous day low. {image}
Well yesterday with the daily pivot point providing a good resistance. Today the price already moved to much for me to enter short again but the correction should continue until we see a clear close above the daily pivot.
  • #1,100,212
  • Mar 29, 2017 2:25am Mar 29, 2017 2:25am
Quoting CannonScout
{quote} How so? Due to released data? Idk. And that may not always translate into demand for the currency.
You should also look at the supply side. Check your data about Europe GDP and Euro in circulation vs US GDP and USD in circulation.

I think you know that UK currency is GDP not Euro.

Now, Frexit hurts Euro more. On the other hand, Grexit can make Euro stronger.

You should study Game theory. Currencies should much or less follows Game Theory.
  • #1,100,213
  • Mar 29, 2017 2:30am Mar 29, 2017 2:30am
Quoting CannonScout
{quote} How so? Due to released data? Idk. And that may not always translate into demand for the currency.
The strength of a currency is not always good for a country. Japan has that experience. CB's intervene most of the time in currency markets either to make it stronger or weaker.

Most economy grows in inflation situation and shrinks in deflation situation. But not always the case in EX situation like hyperflation, etc.
  • #1,100,214
  • Mar 29, 2017 2:34am Mar 29, 2017 2:34am
Quoting TudorIoan
USD is coming back. Starting my intraday scalping sequence: SL 1.0818 sold 1.0807 T1 1.0796 T2 1.0785 Have a good trading day you all!
1.0785 T2 hit. Glorious profit day today!
Enough for me today. It may drop to parity, I don't care. No more trading. I better keep my money in my poket.
Happy art.50 trading day (especially for those who don't believe the british-eurpean mess will not affect the market )!!!
Member
  • #1,100,215
  • Mar 29, 2017 2:44am Mar 29, 2017 2:44am
Don't get all excited peeps.
EUR/USD is just a little dip, it is testing the lower end of the H4 trend.
USD is just testing the neckilne resistance, which is nothing than a pullback and bounce of the MA200 on it's Daily.
There is no signs of any significant short on AUD and NZD...
What actualy caused the dip and test of he lower trendline is: bounce off MA200, Resistance pricelevel, pullback into range attempt... and an overall weakness of the Euro building up against other major pairs.

Everyone and their mamas is waiting for "the drop".
What we need is:
- lower low > lower high with pullback to trend but fail to reenter it > strong drop
If you like to look at nothing else but grandma Euro, look at the H4 and throw in two trendlines. This is simple Dow > Trend>break>pullback>drop
If it does that, which I doubt.
You could also just simply line out the weekly channel/daily channel and see the triple top and Supply zone that should kick in, if there were enough (non-retail) sellers in the market (who actualy want to sell the Euro against USD, and who wants to sell shit for shit?)
you are not expected to understand this
  • #1,100,216
  • Mar 29, 2017 2:51am Mar 29, 2017 2:51am
EU Weekly Chart Reminder

Shark pattern traders started to kick in but since we are near weekly support level 1.0775 we will have some bull entries here.
If 1.0775/1.0750 zone holds (which I think it will) soon we will start retesting highs again (for now limited at 1.0873 area).

Bears are not done yet but (imho) might be near exhaustion (I believe there is still some room for 25 pips from today's low). MACD and Stoch divergence on hourly are weakening sell pressure. Give bears some time to fully weaken and then we can start looking for buy opportunities.

Stay Green
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Focus only on what truly matters!
  • #1,100,217
  • Mar 29, 2017 2:59am Mar 29, 2017 2:59am
On 1H there is an indication of strong bounce back , W2 might won't materialize , I am positioning to go long again
  • #1,100,218
  • Mar 29, 2017 3:11am Mar 29, 2017 3:11am
Long @1.0784
Targeting yesterday's London close 1.0850.
  • #1,100,219
  • Mar 29, 2017 3:16am Mar 29, 2017 3:16am
Quoting Connors
Long @1.0784 Targeting yesterday's London close 1.0850.
Same here
  • #1,100,220
  • Mar 29, 2017 3:16am Mar 29, 2017 3:16am
Quoting Connors
Long @1.0784 Targeting yesterday's London close 1.0850.
Good luck mate.. I will wait price to pierce into the 1.0755-1.0767 band.. especially any level ending with 67 has been significant so far. I will rely on that here lol..

Stay Green
Focus only on what truly matters!
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