Thank you digger for your charts and explanation. You remind me old cloggie time. Still holding some longs, let's see if pivot holds. All my sl to be.

Entry Unholy

Today at like yesterday we got a risk off market in the morning that is fading in the afternoon (to be confirmed for today). Every body is looking at oil price. I dont trade oil but a quick look at the chart and it looks like we are back to the ...

The Really Useless Thread

Risk off market this morning after fall in oil price. Gold and yen rising. US and Eur yields on the decline (drop in oil and commodities are going to weigh on inflation number).

The Really Useless Thread

Take some profit today on 1.113 but I still think we can go lower 1.108? but that doesn't mean there won't be any retrace. A close above 1.121 would make me change my point of view. Speculators have a net long position so below 1.11 we could see ...

The Really Useless Thread

What's your tp and sl?

The Really Useless Thread

Agree about the risk clearing on independence willing of Ni or Scotland but in the same time UK negotiating power has clearly decreased. Tories that would like a hard Brexit have now a minority government so they will keep this hard Brexit line but ...

The Really Useless Thread

No much activity here everyone is gone? Micho could you share your views instead of your trades?.. Or your could open a trading journal it would be more appropriate. On Friday we have a nice retrace to 1.12 offering a good opportunity for those ...

The Really Useless Thread

Markets finally accept this Fed hawkish meeting.. Done today the close below 1.116 with nice break and retest on lower time frame chart (h1). Next level I will be looking for is 1.11.

The Really Useless Thread

So despite a weaker inflation we had a quite hawkish Fed. Confirming their dots and announcing a very soon start of balance sheet reduction. The final levels of cap are quite important 50bn a month but the initial levels are low. Yellen was hawkish ...

The Really Useless Thread

FoMc starting today. It's an important meeting with press conference and updating of the projection. The last nfp was a bit disappointing but the unemployment rate has reached a new low at 4.3‰ that fhe first objective of fed which have reached for ...

The Really Useless Thread

We finally test the 1.116 today. Close probably below 1.1205 (last big move with US employment 02/06) would show I think that bears are in control.

The Really Useless Thread

To finish about ecb meeting it confirms that we can't expect much from ecb before September. Like the last month inflation numbers will be followed and should be a market mover. So basically long term euro is on buy side. Mid term soft buy waiting ...

The Really Useless Thread

Quick update on ecb meeting (I couldn't post earlier). In the statement they only withdraw the terms below actual rate but keep that the qe could continue beyond Decemberb 2017. So they keep withdrawing some terms from the statement but that was ...

The Really Useless Thread

Big day today with triple risk : ecb, UK elections and Comet testimony. Focus on ecb : not expected so much from ecb. Yesterday there were some rumors about inflaton forecast that could be revised 10bps down but economists growth could be revised ...

The Really Useless Thread

My levels 1.2578 and 1.2598 were irrelevant..need to work on this. Anyway I finally went short @1.2557 and I was going to close this small one Draghi opened his mouth and my SL got hitted @1.2572 : -15pips... Then I went long on the first spike ...

S/D Zones, risk ratio = 3

This morning, I missed a good opportunity to go short @1.2536, then I was waiting for a break of the 1.2518...I took a short @1.2513 to enjoy the end of the move down, I was aiming for 1.2498 (TP). Finally, my TP has not been hitted and I lost 13 ...

S/D Zones, risk ratio = 3

I went long @1.2569 (1.2567+spread) on the first test, that was not the best entry..but well demand level, I got lucky with the ISM and closed it at 1.2587 (15min chart supply level and start of the move down). My SL was set at 1.2554 below the ...

S/D Zones, risk ratio = 3

Closed @1.2585 : +35 pips. On the 5m chart, there is a good example of a break (@1.2598). Break and retest. Dax broke support @6985. Don't forget ISM this afternoon.

S/D Zones, risk ratio = 3

I'm short on EURUSD Sell @1.2620 this morning after London open SL @BE TP 1.2585 even if the 1.2567 is attractive, it's a low volatility market so I don't want to be too greedy. So here we are testing a demand level @1.2598 from yesterday move. It's ...

S/D Zones, risk ratio = 3

Well the market is moving so slowly.. I'm short too from 1.2620 aiming 1.258x or 1.256x but we need a break of this the 1.260x and that won't be easy. Yesterday I waited for 7h to get 34 pips.. EDIT : break while I was posting

Bounce 'N' Break