The lack of follow through on PA from the dollar today not finishing up on highs although we do have 1hr left, and the fact pedro pointed out a great ABC completion point to which If I plot that on US session only on EURfut and DXYfut with OVERSOLD ...

EURUSD

Dont worry about knowing the currency theories it only helps in cocktail parties or chatting up some big wig who only reads the economist. PA and not listening to media or these random theories will serve you just fine. I have to stop myself from ...

EURUSD

Hes mentioning the fed funds futures market right now is not pricing in June.

EURUSD

Indeed a non fed rate hike this year will see quick liquidation in dollar longs.

EURUSD

100% agree dollar longs ahve become so crowded that say the fed does not raise AT ALL THIS year we would say a 10-15 decline easily in dollar in a span of a week or more.

EURUSD

I am glad you brought up the fact that Trade deficit and debt/GDP should hammer on the dollar. The problem with that theory is this was the exact same case during Reagan's full term when we had a deteriorating balance sheet through a major trade ...

EURUSD

I will read that now. I have not heard that idea yet, interesting to see if it would work. Thanks for the link.

EURUSD

I agree that the EUR has taken a beating but let's not forget the following: * EUR since it was introduced and started trading in 1999. It is still a new currency by historical standards and has only been trading 16 years at a price of 1.1685. since ...

EURUSD

I hold overnight which I have to pay additional margin. But futures if you trade them only during US session and close out before the close margin with some brokers is like $500 to hold EUR contract. And you still get 12.50 a tick move which is so ...

EURUSD

I agree with sisse. Why go to euros paying negative deposits or even flat when not only do hey have a falling currency but a falling stock market. Dollars would be the destination simply because you have a rising stock market, a interest rate that ...

EURUSD

Thank you. Yes I have found patterns consistently show up in charts which can be calculated using Fibs to determine 'waves' to get long or short or to lock in profit.

EURUSD

It is SHORT TERM. Eur futures still needs to fill this gap which stands at 1.0670-40 range. That was the second rectangle I drew as the abc completion pattern.. Once that happens we would be EXTREME OVERSOLD on H4 and we would see a bounce. If you ...

EURUSD

I was not quoting the double bottom but the price target below which were mentioned. I was mentioning the fact we had a 61.8% fib on eur at 1.0930-40 on friday US session where London recoveerd only to trade at that price and sell off which was ...

EURUSD

And the general public says markets can't be predicted ahead of time First target reached now EUR is going to most likely test yesterday's US session Low on Eur Fut at 1.0820 before the move lower. On the US session only chart we still have ...

EURUSD

And the general public says markets can't be predicted ahead of time First target reached now EUR is going to most likely test yesterday's US session Low on Eur Fut at 1.0820 before the move lower. On the US session only chart we still have not ...

Reflexivity in the USD

Exodus, I will definitely take a look today.

Reflexivity in the USD

I added on US sesssion open per my post above. And given the level I spoke about is now in play 1.0820 EUR FUT WE are now trading at 1.0817. Wait for a 1Hr close below 1.0820 before going heavily short into london. Also that dollar trendline I spoke ...

Reflexivity in the USD

Europe has closed dropping liquidity, EUR futures is dead today with a paltry 47pip range. It bore city and until EUR fut breaks above 1.0866 (Friday US session low) breaks and closes above or 1.0820 on the down side is broken with a strong close ...

EURUSD

I too am a fan of tastytrades as well. I remember when I went to Chicago in 2008 and visted thinkorswims offices(b4 TD bought them out) which was behind behind a mall tucked away in a corner with Tom in the back overlooking the traders and support ...

Reflexivity in the USD

Since markets are slow right now I recommend people watch these youtube videos: Professional Traders vs. Retail Traders by Anton kreil. Former GS trader and now trades his own acct while teaching 'proper' trading. It is by far the best advice you ...

Reflexivity in the USD