Oh, is he still fooling around then…
You never know, is it a no SL trade, in which case, it might fly down 150 PIPS to 1.3400 support and fly up 400 PIP to 1.3800, that’ll cover his losses, then he’ll be annoyed 
Hey! I just noticed on Michaels FX-book account that these last few days has been even harder on him than they have on me! Even the big dawg i struggling! Now I don’t feel as bad 
It must mean my trades are almost identical to Michaels! 
I don’t quite understand why he has just bought the fiber at 1.3568 though…? Does anyone know the reason behind that exact entry point?
damnit, he has a SL in place!
I suppose those that were following his trades for Price Signals will now pile in Short.
Actually, the trade is in the middle of nowhere again, so difficult to make a call either way. Maybe that’s that’s the idea. Seems to b similar to having fun by pulling the wings off Flies or maybe Lord of the Flies. Seems to be a few around lately, with the buzzing getting loader with each loss.
It looks pretty clear that in any scenario coming out of ECB fiber should take out near highs (1H and 4H charts). But ofcause you never know for sure!
What I’m stoking is that fiber will rich an OTE Sell from Friday’s High to Tuesday’s low in line with a dovish ECB comments! :33:
Hummm, not much movement since the news.
I’m thinking bullish for the cable as there is;
Support @ 156800 odd,
OTE,
USDX is falling under the daily PP
while the EUR/GBP is in a bearish OTE.
So I think both the Fiber & Cable are still bullish while the Cable should out preform the Fiber
Just thinking out loud here… (disclaimer)
Must be waiting for Draghi to open his mouth
At the moment, the EU is in equilibrium @ 1.3565.
If we break through 1.3595, a bullish MS is confirmed, an we can expect a new leg up of around 270 pips from the swing @ 1.3460. This will bring us in the region of 1.3720.
I will expect that ICT closes his short an open a long of 100.000 units in 30 minutes. And leave it to the expected price of 1.3720.
Expansion of the swing would be 1.3750 and even 1.3800, which is the 61% retracement of May 2011 to end of July 2012.
I’m long since this morning on the touch of the asian range high.
ict does not have a short open at the moment
Got a couple of buy limits on the cable & fiber
Cable @ 156794
Fiber @ 135305
TWYS
Oh yes, sorry. Mixed that up with the previous one.
Anyway, I think he has it right this time, only the entry point is a bit suboptimal
Why 1.35305 exactly…? I’m seeing an OTE around 1.3535, but I guess we are looking at different things?
I might miss it but I pulled the fib from the bottom of the Asian low to the last high & also pulled a fib from the London Open lows, then placed my buy limit on the 79% which matched up inside the Asian low fib… (within both OTE’s) Also lower entry because I have a 30 pip stop which I wanted to be below the Asian low. Lets see how it plays out, so far not much movement from the Draghi speech. I was expecting more volatility…
EDIT: Looks like I spoke too soon :8: look at it go lol,
cya, i’m paid left one small portion open with stop BE.
USDX is making a run long for it >O
Nicely done
might have been a lucky shot, BUT: this is exactly why i don’t let myself be influenced by anyone anymore. i’ve not read one single person say “short” today. to the contrary, everyone was confident with longs. if i would have not taken this short because of that or even worse, would have gone long… that would have been just the biggest mindf**k! so guys, listen to yourself and NOBODY else! it will make you a better trader, even if you take losses that others don’t. but at least you learn from them, because you had the whole analysis done on your own!
Grats to those who shorted! What made you think it was going to short?
The next support level I think will be 1.34. That matches up with OTE from 23 Jan low to 1 Feb high.
So I’m confused, I hope one of you could help me.
Risk On = Long: Stocks, Commodity Currencies (Australian/Canadian/New Zealand), Energy & Food Commodities. Short or Avoid: Bonds, Non-Commodity Currencies including the U.S. Dollar.
Risk Off = Long: High Quality Bonds (U.S. Treasuries), Non-Commodity Currencies including the U.S. Dollar. Short or Avoid: Stocks, Commodities, and Commodity Currencies (Australian/Canadian/New Zealand).
Basically Stocks go up when Risk on, and bond price goes up when risk off, so they should be negatively correlated correct?
So how come [John Murphy Explains Intermarket Analysis, Part 4 - YouTube](http://www.youtube.com/watch?v=-cyBY0Zosb4) John Murphy says they're positively correlated? That just confused my whole understanding of intermarket analysis. maybe he means they're positively correlated in the longrun but in the short run we notice negative correlation?
It could also be like he says that the bond market is a leading indicator of the stock market x.x
TYYY
Fiber…Wow…Z-Day?*