image Got it!

EURUSD only

QUESTION: How much significance do you give to the divergence vs. trend line? Curious

EURUSD only

Have any of you thought about this scenario? What happens if the ECB only raises 0.5% instead of 0.75%????

EURUSD only

@GreenJ Comparing the EU to the FED is like comparing grapes to watermelons - totally different and that's what the financial markets are forgetting. The EU doesn't have as much wiggle room as the FED mainly because of the WAR in Ukraine and the ...

EURUSD only

Dear Ata, You are correct in thanking God that you are NOT Lagarde because frankly she is boxed into a corner. Hiking rates in the EU is condemning Europe to a deep and cold winter - it feels like GOT all over again! My thought process on this is ...

EURUSD only

I found that using "safer" sell stops and buy stops works better on high volatility days as spreads increase." For me it's all about the DXY and 109. If it closed below there EU takes off like a rocket. If 109 holds (and I'm leaning this way) then I ...

EURUSD only

image so far so good

Real Trading

Wow Jaunty - tell us how you REALLY feel... If you poo-poo Elliott Wave you deny nature itself - same with Fibinocci The above are BOTH patterns found throughout nature and are real whether you believe it or not. The problem is most people confuse ...

EURUSD

What he said. In fact I've got sell orders at 1.0080 with 30 SL and buys at 0.9920 with tighter 25 SL

EURUSD only

Something is fishy - this move in EU is due to DXY weakness only. The higher CPI didn't have the impact that it should have (meaning no one really believe the ECB is going to raise rates 0.75%) Why am I concerned? I expect a pullback in USD but ...

EURUSD only

Shorting EJ HERE! Look at the divergence image

Real Trading

image My hourly chart is telling me that parity is the defining price. That is where there is a downtrend and the MACD is beginning to roll over. On the OTHER hand my "gut" is telling me that parity will not hold and that EUR is due to rocket to ...

EURUSD only

today will be interesting because frankly I don't know too many people who are confident of where the EU is headed - either short or long-term. Cases can be made for both bears and bulls and everyone is looking at the NFP as the "catalyst" that gets ...

EURUSD only

THAT is why I'm on the long side for today - if the ISM and NFP come in weaker than expected - the dollar will tank and all the short EU people will get stopped out it gets to 1.0150 and THEN dumped down below parity. JMO ...

EURUSD only

Ata I'm sorry my friend but here in the USA we can not do that - these forecasters are government employees so when they miss their estimates you don't fire them, you give them a raise (and make sure that they give you next months "real numbers" the ...

EURUSD only

I have a feeling that there is a lot more SQUEEZING to come. Long here image image I'm expecting the dollar to re-trace back to the 38.6 fib which is 107.65

EURUSD only

DXY 108.59 after touching 108.52 Needs to break and HOLD 108.49 for EU to soar!

EURUSD only

It all depends on your time frame. What you say about shorting dollar I call a retracement. Right now the USD is sooooo strong it's time for profit taking - that's what Monty is doing - right with you buddy! image

Cable Update (GBPUSD)

You exactly described my daily trading plan: short with TP 0.995 with a possible reverse and long - we shall see about the long. DXY HAS to break 108.50 to have a short at the predicted bull breakout - above 108.50 short EU and vice versa.

EURUSD only