Good morning, Ata. I hope you had a great weekend? In transit so no trades now. Have you gotten rid of the short? Also, have you had the opportuniy to buy?

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Lol... Ata if I had been the one who bought where you bought my stop would have hit by now. I guess the markets respect you. Just joking though. I'll keep learning.

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Excellent calls yesterday. It was like seeing ahead of time. Do you mind adding some notes to your latest EU chart? Most of the longs from yesterday have been eaten alive.

The only thread you will ever need: FX Exposed!

Ata, bought 1.1644 yesterday but got up this morning and closed it because I felt it was hanging on support for several hours. In your view what do you think to be a very good support for today, or at least before the US news?

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From the latest EU chart, more down to come at least to 1.164x today. Who knows if the US GDP comes out great tomorrow the long blue line at 1.1500 will get visited tomorrow.

The only thread you will ever need: FX Exposed!

Simple and straightforward, yet was like a secret.

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Ha! Comprehensive reply. Thanks for taking your time to give out this huge info.

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Thanks a lot, Teek, for the explanation. One more question please: you have always mentioned that news is used to trade out of positions by big stakeholders, never to trade in. If I may ask, does it mean they somehow get the news before hand, or ...

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Why does that usually happen? To spook sellers (or buyers if it's a buy market?). I guess that's why we should wait for pull backs after a significant level is broken.

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Price hovers around 1.1717; no bounce yet.

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Nice. Annoying that I trade with my Android tablet.

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Your expertise is mind-blowing. Look at price!

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True. The wicks and bounce show there are buy orders there which may support for today, maybe. I'm also watch and and waiting.

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True. The rejection was firm. I got out with some pips, though it was a small buy. I guess I'll wait for Trump-Juncker meeting to set the tone for the day -- if it will. Again thank you for your analysis. It boosts my confidence when your calls ...

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Alright, will do that. Thanks a lot.

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Already opened a long at 1.1688 with stops at 1.1650. Better to close and wait?

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Sold 1.1689 as the candles broke quickly and got out at 1.1679. Just 10 pips. Reason being that today is chop fest day.

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Eureka! Thanks for throwing more light.

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Ata, I bought at the initial break out of that red descending trendline, and was cut out with that selling wave downwards. Lesson learnt the hard way: Wait until London. I will NOT believe Asian price action again. Lol I'll keep practising the ...

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