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- fxpsychic commented Aug 26, 2013
Yup. The EU London session high was 1.3393. Want to see it start backing off near that high. Anything above that level with any real thrust on the hourly and a high close is a caution signal for any short.
Carney expected to respond to concerns about policy of 'forward guidance' this week
- fxpsychic commented Aug 26, 2013
Agreed. EU has not been able to close above 1.3418 and looks like a swing failure on the Daily. Would like to see the pair petered out near 1.34 then short it. Maybe scale in and if it breaks 1.3350 with good PA, add to the position.
Carney expected to respond to concerns about policy of 'forward guidance' this week
- fxpsychic commented Aug 26, 2013
The pair's put in a bit of a triple bottom on the 4h. On the Daily, there's still risk down to .9359ish where I'd take it long. If the pair can clear .9550, I'm interested in a long up to .9850.
Aussie Dollar Inches Closer to a Momentum Set Up
- fxpsychic commented Aug 26, 2013
I'm more inclined to short the EURAUD. Four months of rise back to a Monthly Bear Pin near 1.50. Looks like a nice double top forming on the Weekly. A bit of consolidation off last week's highs. But making lower highs. I'm Short @ 1.4816, stop @ ...
AUD/USD - Ascending Triangle Breakout
- fxpsychic commented Aug 21, 2013
Regarding the EU: the big market players have cleared and covered their position in the hour after the FOMC Minutes were released. Hence, the whipsaws. IF, and it's a big IF, the NY session closes near the lowest low of the session, I'll anticipate ...
Fed Seems on Track to Slow Bond Buys by Year’s End
- fxpsychic commented Aug 21, 2013
On another note: Look at the Weekly and notice that the EU has had 6 weeks of rise less the doji. Go back historically and see how many times that happened without a retracement. The pair was in nosebleed territory and is statistically ripe for a ...
Sales of U.S. Existing Homes Rise to Highest Since 2009
- fxpsychic commented Aug 21, 2013
The EU's had 2 fun months of rise. But I got short @ 1.3440 after the spike and reverse. This pair need a retrace as the technicals @ 1.3450 showed an extreme terminal point. Looking lower to the next significant daily pivot @ 1.3175 (give or take a ...
Sales of U.S. Existing Homes Rise to Highest Since 2009
- fxpsychic commented Aug 21, 2013
If you map out the EurUsd's Market Structure on the Weekly, it touched a terminal point @ 1.3450. The pair is topped out, in nose-bleed territory and primed to fall. Took a short @ 1.3440 with stop moved to 1.3455 now. Also, if you like the AB=CD ...
German FinMin Schaeuble: German Euro exit would be a catastrophe
- fxpsychic commented Jul 29, 2013
Stopped out +2 on the short. Nothing ventured, nothing gained.
USD: The Calm Before The Storm - Barclays
- fxpsychic commented Jul 28, 2013
I'll take the other side. Short @ 1.5393 with a tight stop @ 1.5406. Targeting 1.5340ish. Everything USD looks oversold for now and the Gbp is at a nice previous supply level.
USD: The Calm Before The Storm - Barclays
- fxpsychic commented Jul 17, 2013
I respect your right to be so vehemently critical. Been a FF member since 07. I know the rules and respect those as well. Still, I'll honor any newbee's request for further explanation of back filling. Just keep in mind, that some of the veteran ...
Why the threat of a 'currency war' is dead
- fxpsychic commented Jul 17, 2013
Spreadbetter, I look forward to gaining your confidence. It is easy to criticize; difficult to humble oneself when wrong and offer a genuine apology. Still waiting for Ali and jaygee.
Why the threat of a 'currency war' is dead
- fxpsychic commented Jul 17, 2013
Ahh jaygee, such a critic, so little trust. I can appreciate the way you feel. I'll show Ali, then he can show whoever he wants. Then, you can critique me though him. Knowledge starts with one and is disseminated through others. The moniker ...
Why the threat of a 'currency war' is dead
- fxpsychic commented Jul 17, 2013
jaygee, I've been at this over 10 years. I never make a contribution that would harm any trader. Back filling is a basic market mechanics trait and most newbees haven't a clue how and why is manifests in spot FX. Ali, you can mail me ...
Why the threat of a 'currency war' is dead
- fxpsychic commented Jul 17, 2013
Ali, I used to do webinars on this and also in a live room. And explain it in more detail than I've ever seen anyone on FFactory do. Not trying to sell you anything. Send me a Private Message and I'll get back to you asap.
Why the threat of a 'currency war' is dead
- fxpsychic commented Jul 17, 2013
Ali, it's called "back filling".
Why the threat of a 'currency war' is dead
- fxpsychic commented Jun 29, 2013
Thank you johnel. I think what Trout meant, and I don't want to speak out of turn here Trout, is that "historical" equates to a statistical preponderance. Therefore, more volatility; stronger USD. Of course, markets are perfect; statistical data ...
Welcome to the new age of market volatility
- fxpsychic commented Jun 29, 2013
Hey Trout. I agree. Right now the technical levels with the Buck against the majors are pointing to the USD moving higher. Been lots of positive reports of late and the negs have not been that neg. But, and as always, the NFP can be a game-changer. ...
Welcome to the new age of market volatility
- fxpsychic commented Jun 29, 2013
johnel, would you mind elaborating statistically when historical volatility does not equate to a stronger USD? Otherwise, you statement is "empty".
Welcome to the new age of market volatility