Thank you for this! Could you please educate me on this "today's NY cut" - is that some standard time of day, perhaps NY open?

The Swamp

very true, lol In the long run, market is adjusted by money level, interest differential, trade balance, fiscal policy and many other factors - it is actually prett well understood. But in the short run, closer to white noise

has anyone EVER seen a successful trader/trading system?

Thank you HeyYou and papamax for the insightful replies! I have actually done a thesis on global currency markets, so I do grasp the very basics. Central banks print the money, but both sides of the pair do it, the exchange rate doesn't change. So, ...

has anyone EVER seen a successful trader/trading system?

Fact: forex is a zero-sum game. For the REALLY skilled 1%, it is completely against their interest to share their whole system. That would mean at least halving all their profits. "At least" is because trading costs. By the way, trading costs is the ...

has anyone EVER seen a successful trader/trading system?

Retail positions approaching the pain zone... With no significant levels around, I don't see why we wouldn't test yearly lows today.

The Swamp

Bears look kinda weak, I don't expect this move to last very long... On daily there is still a fresh double bottom at yearly lows

The Swamp

I'm trying to get my head around the QE point... Isn't QE comparable with lowering the interest rate, which would be euro bearish?

EURUSD only

H4 is obviously super choppy, safe to fade these spikes both ways.. Lets see if FOMC can break the range

EURUSD only

Immediate momentum is gone, I'm expecting some gentle pullback for the Asian session before continuation tomorrow

Cable Update (GBPUSD)

Agreed. To my experience, post-Draghi moves are usually limited by the clock, no levels

The Swamp

I don't think it's over yet... The bulls have absolute checkmate, but new highs remain to be printed

EURUSD only

Please don't mistake me for some guru, I'm just struggling and adapting here as everyone else. Yes, I think the bull party is the final direction of this circus today

EURUSD only

Euro was bought up from yearly low support zone. We will not have momentum to visit lows again today. It's going to be a double bottom on daily, a buy signal for following days. This V-recovery has nothing bearish in it.

EURUSD only

I was betting for the stone scenario, but now it seems unlikely... That brutal slide is not there, plenty of opportunities to get out of longs. A smaller than expected QE will be an excuse to reverse this whole circus, I think

The Swamp

Lol forget the rollercoaster. With this momentum, new yearly lows pretty soon.

EURUSD only

M1 hints at upwards acceleration... We may very well have a full rollercoaster today

EURUSD only

Thanks for the daily golden advice! Mind if I ask, where do you check the options data?

Cable Update (GBPUSD)

That's very problematic way of thinking... If everybody expecting short, maybe it will go opposite, maybe that is what everybody expects now, turn around again... Without hard data, it's just an endless loop that clouds your analysis. url Here's ...

Cable Update (GBPUSD)

I guess another touch on that upper channel is in order, just to catch some stops image

Cable Update (GBPUSD)

USD index and GBP index have moved in perfect negative correlation past few days. If both indexes made a correction, the move down on GBPUSD would be as violent as the move up.

Cable Update (GBPUSD)