Most people didn't know, and how could they when it didn't appear on any economic calendar. url and the analysis has since been pulled from Bloomberg (?!?) but here's a Google cache of a page: url if you want the details. It took six minutes ...

Davit's Confluence Trading

While it's great that something is finally being done about this, it does nothing to compensate traders for their losses. Rather than require traders to file claims against these banks, the courts should have ordered the banks to make their clients ...

Davit's Confluence Trading

I think the Euro/Pound situation was due to the ECB making Coeure's speech public -- totally beyond your control. I was reading comments from people who lost thousands in seconds because of a speech made by an ECB policy maker that was not on any ...

Davit's Confluence Trading

Here's a couple of charts that support my negative view on Euro/Pound if 0.7125 fails to hold. Note the 76.4% on the daily chart approximately represents the neckline of the head and shoulders. Initial target if 0.1725 fails to hold being the 100% ...

Davit's Confluence Trading

It looks like the markets took the Queen's grandmother's birthday into consideration and postponed turnaround Tuesday until today. I must say I didn't care for that surprise release from the ECB. How can they justify private speeches where the ...

Davit's Confluence Trading

I didn't expect the EUR/USD and USD/CAD to be the major players but I think we're just seeing the USD sell-off being digested. There's a bit of a pullback in oil plus it's a holiday here in Canada which is probably softening the Loonie but I haven't ...

Davit's Confluence Trading

No, the more valid Fibonacci for me is the black one from the February high. Having topped a 100% retracement I expect a 127% extension to 1.10

Davit's Confluence Trading

I was looking for a Pound/Kiwi pullback to 2.055 and hit one of the daily RSI supports, but looking at my monthly chart 2.08 was price support which will be confirmed as retested from above if it holds, and there's a lot of upside to this pair. I'm ...

Davit's Confluence Trading

Aussie/Kiwi looks good for 1.10 for the next leg up. Adding long order at expected pullback to 1.075 for the move. AUD/NZD - daily image

Davit's Confluence Trading

I just placed a long entry at 0.7150 with a stop at 0.70. I'll let the USD pairs unwind a bit at look at them again towards the end of the Asian session unless any of the pairs start breaking today's highs. Starting to build gold longs -- I think ...

Davit's Confluence Trading

This multichart has the European USD Index values (divide by 125 I believe) but I'm ideally looking at 11,625 as the floor with a retest of 11,740 from the bottom before continuing lower; hopefully coinciding with daily RSI finding resistance at 40. ...

Davit's Confluence Trading

"Whoever listened" is the point of contention. As SunTrader put it, ""do you ever follow someone else's call without any explanation?" I think you'll find you get a lot more respect from people when you explain yourself, plus you'll learn more, or ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

The Aussie gain was after the rate drop. I don't believe that single move down after the announcement in Kiwi has a double rate drop priced in yet, but let me clarify that when I said sell Kiwi, I didn't mean against USD which I'm also shorting. It ...

Davit's Confluence Trading

BNZ announced rate drops in June and July. Two rate drops equals sell Kiwi.

Davit's Confluence Trading

I like this as a tentative place to go long, but the Conservative majority win in the UK yesterday (weep for Great Britain) must be sold to the masses as an indisputable victory for business concerns and austerity economics until the news cycle ...

Davit's Confluence Trading

JP Morgan now owns 55 million ounces of physical silver, 8 million of which were purchased the first weeks of April. Also, JP Morgan Chase is reducing physical cash storage. That doesn't necessarily mean they believe metal will go up, only that they ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

The same was true with the fall of the Yen. I kept waiting for a significant pullback but the USD/JPY went straight from 0.78 to 1.00 without taking a single breather. Then from 100 to 120 there was but a single pullback at 110. Of course, that's ...

Davit's Confluence Trading

In Canada, a federal election can be called at any time provided no term lasts more than five years. This generally leads to elections being called while the ruling party is sitting favourably in the polls or before the public becomes aware of ...

Davit's Confluence Trading