some fundamental stuff if you all interested. Powell was extremely dovish about rates - bearish usd Yield curve control is bearish equities as it means less QE in the long run. Bearish equities is usually bullish usd during these times. But because ...

The Swamp

there is no point in moving your stop to BE so early. You need to let the market prove you right before moving that stop. Otherwise you're just giving your broker money. If you want to bet you must be prepared to lose some. edit: 1390 is r2 daily ...

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If you don't bet you can't win. If you run out of chips you can't bet. If there's 1 thing you can take away from this experience, let it be "Always have a stop loss".

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I think that's kinda early to go in... I'd probably test waters around 1313

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A bit of fundamentals if you all care for it: So the talk is that there's way too much money going around and not a whole lot of places to put it. So bonds and equities get the most of the qe money. We have 2 trillion from fed. 600 bil from eu. And ...

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Betting a lot of retailers died today. And because of that I have a perverse feeling that eu may reverse today. Just to spite the retailers who cut their longs at the top Anyway, no more trading for me today. Need to let the market find a direction ...

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that 1193 is so well bid. I'm starting to doubt the bears even have what it takes

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The saying goes 8th candle reversal.

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series of good news. bulls back in control.

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Break below 1187 and bears win today.

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Sellers came in again at 1197. 1183 first support. 1160 next.

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kuroro, just wanna ask, how updated are those charts that you post? are they recent to the hour or daily or?

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Rejection at 1210 is a sign that sellers are starting to come in. If price closes below 1200 in this hour I'm sure more sellers will start coming in. The bull spike happened because of adp. But if positive news can't send the pair higher, bears won ...

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I think today is going to be reversal day. Looks like the eu selling has begun. Once it starts, don't think it will stop considering ecb is tmr.

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how do you get these data?

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I know boulder and gator are bearish. They even got positions already. I'm still long eur. But I'm not adding more longs at this level. I got some sell limits from 1230-1240 level though.

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Trading floor. Portfolio managers. They are not retailers. Like I said, the market is a bit overextended. All of us and even the guys in this thread agree that some correction is due. We just don't know when. Everyone is kinda sitting on their ...

The Swamp

Guys in my office are starting to stay away from yen for now. Only closing positions. They are more focused on aud crosses. Lots of them are long aud including me. I don't have a yen or chf position. But similar to you I'm bullish cad. I'm bullish ...

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Very interesting analysis. You're right that most asset and money managers are long. But they already offloaded yesterday. Whether or not the offloading is complete I'm not sure. But I do know that a lot of retailers were killed yesterday.

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well hopefully that pullback happens soon. I got in too shallow.

The Swamp