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09-13-2013, 10:45 AM #37681
69% of retail traders already are short, same yesterday like yesterday. It looks they are on the good side.
Originally Posted by Alejandro Zambrano
09-13-2013, 11:01 AM #37682
Originally Posted by Alejandro Zambrano
09-13-2013, 12:45 PM #37683
1 min Chart
The price action continues to drift upwards attracted by the confluence of upper bands shown on the 1min chart. This is the path of least resistance. Getting to R1 could be tougher but the 2 Hour chart indicates good odds of eventually getting there.
09-13-2013, 01:18 PM #37684
fed next week is whats holding things and winding things in, so obviously euro more likely to rise than fall. cannot wait for 18th otherwise would be hammering euro.
Originally Posted by rcopadilla
Last edited by garr70; 09-13-2013 at 01:30 PM.
09-13-2013, 01:23 PM #37685
London session review and outlook September 13 - 2013
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.
This week's watch list. (Trending: Alejandro's weekly ideas)
Charts created using the FXCM Trading Station
Additional educational presentations to the Analysis presentation above
Using Time to predict reversals http://www.brainshark.com/fxcm/vu?pi=zHSz5RJoMz6tVxz0
My take on Money management and Stop loss levels: http://t.co/ZMulJx0ayN
How I use the Pivot point indicator: http://www.brainshark.com/fxcm/vu?pi=zJ2zaMqYuz6tVxz0
Market Analyst | DailyFX Forum (London)
09-13-2013, 01:28 PM #37686
If FXCM dollar index will continue to drop I belive will reach R1 on the end of sesion. imo
09-13-2013, 01:28 PM #37687
The 1min chart is a very short term chart, useful for intraday trades. For stuff that happens intraweek, I would use the various hourly charts. I am not a fundie. News and events are not obvious to me.
Originally Posted by garr70
09-13-2013, 01:35 PM #37688
5 min Study
Confirmation of the bottom reversal is shown on the 5min chart by the price action crossing back over the BB20 midline (red line) and staying above (lows printing above the moving average).
09-13-2013, 01:42 PM #37689
09-13-2013, 02:48 PM #37690
Another day "in the zone" as we continue to be range bound.
09-13-2013, 03:25 PM #37691
E/U workd out as planed this week whit some minor adjustments.Looking to go Long on a deeper pull back as mentioned
Have a nice weekend
Too Much Is Never Enough
09-13-2013, 04:58 PM #37692
5 min Chart
With the 5 min chart showing an up cycle starting, it looks like next week's action should start off positive.
09-14-2013, 07:48 AM #37693
Here is the current capped Status....short term traders are capped.. the mid-term traders that left a trade on for the weekend are in a decreasing Long bubble over all pair is still capped with short plays ideal.
09-14-2013, 10:06 AM #37694
The average trader really does not know the impact of the meetings and News releases. I would like to suggest having a News release thread. For Instance Next week the feds are having a meeting and there is great discussion about the bond by back programs. If the fed reduces their buy back program how does it effect the markets. Well speaking with Ana my Eco-person says that a reduction in buying bond would result in an increase in interest rates and risk of inflation enters the picture. Which leaves me to the question, does that mean there are too many dollars in the system ie the dollar buys less or would there be some type of tighting to reduce the amount of dollars in the system?
09-15-2013, 10:02 AM #37695
B4 Markets Open
Update on EU:
If 1,3451 was a start of a new trend and move to 1,3104 was a wave I we are in wave II.
"Normal" correction levels(if you could call normal any move in this business) in wave II are:
1,3279, 1,3320 and 1,3371(some times 66,66% -1,3335-8). Only a brake of 1,3402 may take Euro to retests 1,3451. Brake of 1,3446 will invalidate wave count.
1,3323 was corrective high or
we going higher in 3 waves to below 1,3402,
if 1,3252 was expflat of wave C then 1,3338-71 +/- few pips may do (max 1,3382)
I will be adding shorts from one of that levels,
or going long, or do nothing.
Before you short or long do you own homework.