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  • #1,112,501
  • May 25, 2017 1:19am May 25, 2017 1:19am
Quoting yanitsa
{quote} Closed at b/e + 1 pip . I had some hope that today and tomorrow market might give a litle ....no , it wasnt meant to be
What you think of GOld after FOMC? ...could break 1265?
Member
  • #1,112,502
  • May 25, 2017 1:20am May 25, 2017 1:20am
Quoting ZenNy
{quote} uj turning down a bit now........ej resistance hit..
its been range bound also...I will try a scalp in EJ if I get a chance..
Look Sharp/Trade Tight
  • #1,112,503
  • May 25, 2017 1:21am May 25, 2017 1:21am
Quoting JBrownACU
wouldn't you know that dropping my short positions reversed the market. I feel like it either happens that way or hits exactly b/e to kick me out and then continues on. smh.
It really was a bad time. I saw it just starting to bounce and thought 'Ouch for him'.

I'm still short though so... you have that going in your favor.
"The fun is in the hunt. Not the kill."
  • #1,112,504
  • May 25, 2017 1:24am May 25, 2017 1:24am
Quoting TudorIoan
{quote} What you think of GOld after FOMC? ...could break 1265?
I hope so , but I havent seen a proper entry point tody
  • #1,112,505
  • May 25, 2017 1:24am May 25, 2017 1:24am
Still riding with the lively and strong. Until their target mission is done ,all Bear signal efforts to undo the Bulls will prove unsuccessful,overridden by other higher signals.
Plenty pips to all
Attached Image (click to enlarge)
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Follow the Flow and Grow
  • #1,112,506
  • May 25, 2017 1:27am May 25, 2017 1:27am
support in EU at 1.1170/75...tested once, will buy it again there for a flip.....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 38 KB
Look Sharp/Trade Tight
  • #1,112,507
  • May 25, 2017 1:29am May 25, 2017 1:29am
Quoting TudorIoan
My Intraday Outlook. (ahead London) The FOMC document shows the most important part is that rates could go up soon, but... FOMC would like to see a confirmation in data. The market percieve that "but" a little dovish and euro was bought. Intraday resistance: - 1.1250 - 65 zone + TL; - 1.1280; Intraday support: - 1.1207-20 the weekly-mid zone + the bullish TL; - 1.1190; - 1.1170 the top of the main momentum; EUR/USD bounced on 1.01170 (the top of the last week main bullish move) ...again. 1.1250 can hold the bull for a correction of that bounce ...correction...
Let's be honest;

1. There was a big spike early in the week.
2. Downtrend began.
3. Low volume spike up is stalling at previous high.
4. JPY close/EU open showed junk movement.
5. Even if it sounded dovish that was ALREADY the case, 3+ rate hikes were planned. They're considering June which means positive data puts it on the table. So let's see if today's US employment numbers make/break the trend.
6. This bitch is STILL massively overbought and in desperate need of a correction.

Bear4Lyfe.
"The fun is in the hunt. Not the kill."
  • #1,112,508
  • May 25, 2017 1:32am May 25, 2017 1:32am
Quoting suthmo
{quote}Headless and Shoulders How's life in the Bear lane? {image}
There was actually a head and a shoulder,the other shoulder got broken while fighting frantically and desperately with the hordes of bulls,so got lots of stampede.
Follow the Flow and Grow
  • #1,112,509
  • May 25, 2017 1:35am May 25, 2017 1:35am
Quoting Redeflect
{quote} Let's be honest; 1. There was a big spike early in the week. 2. Downtrend began. 3. Low volume spike up is stalling at previous high. 4. JPY close/EU open showed junk movement. 5. Even if it sounded dovish that was ALREADY the case, 3+ rate hikes were planned. They're considering June which means positive data puts it on the table. So let's see if today's US employment numbers make/break the trend. 6. This bitch is STILL massively overbought and in desperate need of a correction. Bear4Lyfe.
Bear4Lyfe??? even in uptrend?
Follow the Flow and Grow
  • #1,112,510
  • May 25, 2017 1:36am May 25, 2017 1:36am
Selling the breakout will attempt to sell the next trendline aswell if it continues there
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 32 KB


in pretty heavy for my standard on this pair.
Trade
  • #1,112,511
  • May 25, 2017 1:38am May 25, 2017 1:38am
Quoting FlowCycler
{quote} There was actually a head and a shoulder,the other shoulder got broken while fighting frantically and desperately with the hordes of bulls,so got lots of stampede.
Technically, head and shoulders pattern has not been invalidated yet. Unless we have an hourly close above 1.1267. In other words as long as we don't have a new higher high on hourly it will be still valid.

Stay Green
Focus only on what truly matters!
  • #1,112,512
  • May 25, 2017 1:39am May 25, 2017 1:39am
Quoting FlowCycler
{quote} There was actually a head and a shoulder,the other shoulder got broken while fighting frantically and desperately with the hordes of bulls,so got lots of stampede.
Yeah, I see it now H1.. Broken shoulder now... do it have insurance =P I broke my shoulder with no insurance $3600 for splint, xray, paracetamol, 5 minute ambulance.. I can relate to this price action.
Founder of Sutherland Wave Principle
  • #1,112,513
  • May 25, 2017 1:48am May 25, 2017 1:48am
Quoting Redeflect
{quote} Let's be honest; 1. There was a big spike early in the week. 2. Downtrend began. 3. Low volume spike up is stalling at previous high. 4. JPY close/EU open showed junk movement. 5. Even if it sounded dovish that was ALREADY the case, 3+ rate hikes were planned. They're considering June which means positive data puts it on the table. So let's see if today's US employment numbers make/break the trend. 6. This bitch is STILL massively overbought and in desperate need of a correction. Bear4Lyfe.
Nice analysis.

  1. Ok, June ...she's on the table but conditioned by further positive data from economy
  2. Traders don't think this moment like 3 hike market immediate approach, they did that on information when the year started, now that sentiment can possibly be already priced in
  3. Agree, US employment counts...
  4. Agree, overbought counts... but don't mess with irrational bull sentiment


Anyway, good luck Bear-for-Life!

Member
  • #1,112,514
  • May 25, 2017 1:50am May 25, 2017 1:50am
Quoting PayTheLimit
support in EU at 1.1170/75...tested once, will buy it again there for a flip..... {image}
a double bottom bull flag.....
trading is simple but is simple is not easy.
  • #1,112,515
  • May 25, 2017 1:52am May 25, 2017 1:52am
Quoting Redeflect
{quote} Let's be honest; 1. There was a big spike early in the week. 2. Downtrend began. 3. Low volume spike up is stalling at previous high. 4. JPY close/EU open showed junk movement. 5. Even if it sounded dovish that was ALREADY the case, 3+ rate hikes were planned. They're considering June which means positive data puts it on the table. So let's see if today's US employment numbers make/break the trend. 6. This bitch is STILL massively overbought and in desperate need of a correction. Bear4Lyfe.
Not an expert or anything, but been trading long enough to learn that sometimes you may find 10 or 20 good solid effing reason to short/long a pair, but the market just kept moving in the other direction as you predict. Good luck though.
Searching for some order in these apparent chaos...
  • #1,112,516
  • May 25, 2017 1:53am May 25, 2017 1:53am
Quoting TudorIoan
{quote} Nice analysis. Ok, June ...she's on the table but conditioned by further positive data from economy Traders don't think this moment 3 like hike market immediate approach, they did that on information when the year started, now that sentiment can possibly be already priced in Agree, US employment counts... Agree, overbought counts... but don't mess with irrational bull sentiment Anyway, good luck Bear-for-Life!
I'd say the sentiment of SEPTEMBER and nothing for June was priced in(after the 3-4 hikes were planned) when the data started to look bad. More so the Macron victory/Trump woes are priced into the sentiment and that's nearing exhaustion. The bulls are tired and it's showing.

I know that I'd been planning for September for months because of the bad data and to hear that June's on the table is news to me. The 'but' was clear already.
"The fun is in the hunt. Not the kill."
  • #1,112,517
  • May 25, 2017 1:55am May 25, 2017 1:55am
another spot I'm looking at in the AUD, maybe eek out a quick flip....
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 52 KB
Look Sharp/Trade Tight
  • #1,112,518
  • May 25, 2017 1:57am May 25, 2017 1:57am
Quoting PayTheLimit
{quote} welcome back old man...
got stopped, in again
Attached Image
  • #1,112,519
  • May 25, 2017 2:01am May 25, 2017 2:01am
Quoting Redeflect
{quote} I'd say the sentiment of SEPTEMBER and nothing for June was priced in(after the 3-4 hikes were planned) when the data started to look bad. More so the Macron victory/Trump woes are priced into the sentiment and that's nearing exhaustion. The bulls are tired and it's showing.
Agree, I thought anyway that the euro bull was misteriously enthusiastic even until now ...I mean nothing's so bad in US, ...even adding up Macron's victory!
Bearish view is a justified option right now
Member
  • #1,112,520
  • May 25, 2017 2:04am May 25, 2017 2:04am
A shoulder may overlap previous high and still be called a shoulder, which eventually, if the marker wishes, could become a head for a new shoulder.
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