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pedro319 replied Apr 20, 2014Ok. So the ECB mandate is mainly about price stability and control of inflation, they have a series of monetary policies available to achieve their goals. They can cut rates, stop sterilising bonds purchases,develop programmes to lend to SME's ...
EURUSD
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pedro319 replied Apr 20, 2014I will only engage in constructive argument. The way QE might weaken the EUR is by the same method as with other Central Banks injecting liquidity into the Banking system. My point is: When possible you align both techs and fundamentals, sometimes ...
EURUSD
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pedro319 replied Apr 20, 2014Explain how to what? In forex you can only act on a probability, QE might happen, might not, price can go to 1.44 or to 1.10. I only trade what I see. For me the technicals override the fundamentals all the way and by a long margin, so when in doubt ...
EURUSD
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pedro319 replied Apr 20, 2014The Governing Council of the ECB has unanimously agreed on deploying unconventional measures namely QE but only after further rate cuts, bank financing, OMT etc. That type of discourse hasn't been heard in the past so it is quite significant, while ...
EURUSD
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pedro319 replied Apr 19, 2014EURUSD Update Technical: The tech picture remains pretty much the same, at least on the higher timeframes, on the smaller tf's there are few patterns inside other patterns posted here last week all indicating downside. Now the question is how to ...
EURUSD
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pedro319 replied Apr 18, 2014Trading is the most humbling experience I have ever had, in almost every single aspect!! Anyone that is experienced enough will probably say the same. I agree with you guys. Cheers.
EURUSD
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pedro319 replied Apr 18, 2014Are we supposed to talk only about EURUSD? I have been shorting UJ and to be honest I can only see downside for most JPY pairs at least according to my charts. Now UJ is completing retracement (in my view) for another plunge, but I need a signal on ...
EURUSD
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pedro319 replied Apr 18, 2014UJ not ready to go down yet but it will move down, I am waiting for a Daily chart signal to load more to the downside.
EURUSD
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pedro319 replied Apr 17, 2014NZDUSD sitting at Monthly pivot and 0.786 Ret Daily. Attractive RR if it does work. Plus 3 Drives Bull and 1to1 patterns on hourly chart. Stop can be really tight. Risk: Daily candle is scary!!
EURUSD
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pedro319 replied Apr 16, 2014S&P Short trade Reason. WR1 + .786 4 hours + MACD Divergence + Bfly Risk: High (Price Action on Daily is approaching Monthly pivot.)
EURUSD
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pedro319 replied Apr 16, 2014Yes. But first I need to see some rejection off this levels. PA is quite strong indeed, but this is how I catch moves from the very start most times. Cheers.
EURUSD
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pedro319 replied Apr 16, 2014Looking to short USDCAD Risk: High (price action quite strong) Reason: 38% Ret after plunge down Daily chart. Stops can be 20/ 30 pips from this area. Look for some rejection. Good Luck
EURUSD
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pedro319 replied Apr 15, 2014EURUSD Update. I am using the weekly pivot 1 at 1.3751 to estimate whether this move is retracement or reversal, previously I said we could get ABCD with target 1.35 (Daily chart), but there is another possibility, if Weekly support 1 and 5/8 ...
EURUSD
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pedro319 replied Apr 15, 2014EURUSD update I am using the weekly pivot 1 at 1.3751 to estimate whether this move is retracement or reversal, previously I said we could get ABCD with target 1.35 (Daily chart), but there is another possibility, if Weekly support 1 and 5/8 ...
EURUSD