fiber showing incredible strengh…AR high just dont wanna give way…LOAD THE BOAT,BACK THE TRUCK UP SHE GOING TO THE MOON
I hope not, Im short @ 1.3120 again LOL :o
EDIT: fast +30 pips!
I have my doubts about it falling though
Hey Jonny - you got your 13120 and a good 30 pips - nice one. Re whether it will continue to go down I’m also not sure. I’m waiting to see it test 13120 again on the back of decent (ish) Italian bond sales and then if it closes on the 15min above I think its time for a long. We’ll see
Thinking that when NYO we will see a retracement to AR high… am considering going long there.
Overslept today, so no trading today either
Anyway, I have been working on my own COT-reports, and they look pretty good now. Could you give me some feedback, if there is any data that is missing?
http://hagenfx.blog.com/2013/02/27/cot-reports-22-02-13/
(PS. I can make reports pretty easy, so if you want any special symbol, Ill try to make it happen:) )
A little while back somebody mentioned bond auctions, does anybody know where you can get a calender of these?
Italian bond auction at 10 gmt this morning accounts for the rapid move up into 1.3120
Looks like that retracement may not happen, keeping an eye out anyway… but wow it is really loving that 1.32 level alot haha…
she strong like bull jonny.
also noticed commercials have reduced shorts by 4 % the last two weeks…hmmm
May b a good plan…divergence on the hourly hopefully can play out. would love to re enter there
Looks like a bit of SMT divergence going on. High highs on the Fiber (only just), lower highs on the Cable, higher lows on the USDX…
Maybe a re-entry short @ 1.3120 might have been the thing to do… Either way, Im watching from the sidelines at present…
So the USDX hit a 62% retrace on the way down… seems like a strong SR level. I took that long but closed at 10 pip and moved the remaining 50% to BE just incase.
Not much, but I feel better psychologically now.
Update: I closed the trade before it stopped out… about 12 pips all up. Mainly because i’m overly cautious about this consolidation. The SR levels on USDX scared me. Also the cable hit an OTE short.
AR high holding like a champ…dejavu next trip to mars
Read from the master (John Murphy) himself:
Intermarket Analysis - ChartSchool - StockCharts.com
Bond up, Yield down, USDX up. The other direction is the same concept. This is my interpretation.
Do note that the movements are only indicating high probability, the related change may not happen overnight, or even for weeks.
Yeah would’ve hit my TP… I just have bad histories getting stuck in consolidations and not sure if I was on the right side of the tracks.
I get confused in these situations - The market is setting up for Bernie’s chat in 15 mins. We have convergence with USDX and EURUSD 1 hr at the moment… lower highs and lower lows on both… what to do?
TP hit once again…holding the remaining for 31500…possibly 31800. draw a fibo from 2/25 16gmt high to 2/26 swing low u got a 79% OTE and Upper trendling resistance on Daily. Rising wedge on USDX 5hr chart broke to the downside.
Traders Trinity weekly and daily
does anyone have this indicator(s) in mq4?
i need to be able to look into it and ex file is protected
thank you guys
Can’t believe I was spot on and didn’t carry that move… At least I got a few pips from GBPUSD retracement up. All up 35 pips.
Anyone looking for shorts today for euro?
scoping possibly the 800 lvl on fiber for a short
Today USDX has opened at 81.5 and is teetering between being bullish or bearish… Will be watching USDX and Bonds to indicate market direction. It is tough to know because of the indecision of the EURO, unless the italian elections are resolved I wouldn’t be surprised if we had an inside day in EURUSD
Market Moving Events Today:
- [B]USD GDP Announcement [/B]13:30 GMT
- [B]USD UNEMPLOYMENT CLAIMS[/B] 13:30 GMT
2.[B] Italian Election Resolution[/B] - Will there be a coalition? Revote? Whoever gets elected, the markets are hoping that it is not someone who promotes anti-austerity measures, which would be bad for the euro.
I’m expecting a zday for a bit, USDX is looking weaker, going put a long limit order at 1.31108
>X we’ll see