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- Shunyi replied May 19, 2015
Thank you Sisse! In your book, do you use candle formation as indicators? I am not very good with calculating levels yet, but I read candles. The disadvantage of candles of course is that it doesn't tell you how far the prices go. I am waiting to ...
The Really Useless Thread
- Shunyi replied May 19, 2015
Thank you for the comment! Well...I don't know. H4 closed outside the neckline of the potential head and shoulder formation...hard to ignore that...but it is also because of the ECB comments...so not a normal trading behavior... I suspect that the ...
The Really Useless Thread
- Shunyi replied May 19, 2015
And the pick up of the EU bond market is just adding some tailwind to the pair. Can we call this a knee-jerk reaction which might be faded?
The Really Useless Thread
- Shunyi replied May 18, 2015
[quote=sisse;8269404] Your questions sound very "emotionally" attached to one side. Yes, I admit that I am married to one direction this time, hehe... I just started trading not too long ago, so not experienced enough to see how swings play out. I ...
The Really Useless Thread
- Shunyi replied May 18, 2015
[quote=sisse;8269200] Not really.... Squeeze was only in the euro and it is long gone when we broke 1.108x a couple of week ago....Nobody is getting squeeze at these levels. 1.20xx is still locked and i don't think soft US data alone will unlock ...
The Really Useless Thread
- Shunyi replied May 18, 2015
Hi Sisse, Here are my questions based on your post. Would appreciate your explaination when you have time. 1. "Bonds getting ready for mid term swing on hikes": hikes mean higher bond yields, lower prices. Right now bonds are already selling. Do you ...
The Really Useless Thread
- Shunyi replied May 18, 2015
Ah, I see. Sorry, my bad. Anyway, my point is US data is mixed. EU data optimism might fade soon...I prefer to look for longer term short entries. Just for the record...trading is sooooooooo hard!!!!!!!!!!!
The Really Useless Thread:nerd:
Good luck to ya Sisse!
- Shunyi replied May 18, 2015
Thank you! 1380 seems more like a support as time passes on...thank you Gator for your explainations!
- Shunyi replied May 18, 2015
Thank you! The mid from 1381 to 1423 is 1403ish, as a resistance? on the way to 0786 level? The thing is it's Monday. How much can we rely on these levels today? Last Monday's leg down was a failure for example.
EURUSD
- Shunyi replied May 18, 2015
[quote=sisse;8268418]Very interesting closing/opening weekly ranges across the board. We are going to get movers and shakers this week....Mid month quick update. On the Fundamental side: Last week we completed the latest round of fresh US numbers ...
The Really Useless Thread
- Shunyi replied May 18, 2015
Totally agree with you on the time lag & inter-connection of countries here. Same for US data. The positive news is just around the corner, but there seems to be time for the pair to squeeze higher before the good news comes in. And even if the ...
EURUSD
- Shunyi replied May 18, 2015
Thank you! I am not sure I understood you 100%. Are you indicating that the later EU data will be less impressive due to slow US consumption? I still believe the strong dollar story is not finished yet, but where shall we start selling EU again is ...
EURUSD
- Shunyi replied May 18, 2015
Hi Gator, thank you for your analysis. I was wondering the recent data from US haven't given any strong reason for the long dollar momentum to start again. And the market seems to be more interested in more short squeezing. There are more data ...
EURUSD
- Shunyi replied May 15, 2015
Alas...what can I say? It is a terrible world we are living in...
The Really Useless ThreadAt least when the super rich gets richer, they might spill some to the rest of us...if no one is rich, nobody gets nothing...
- Shunyi replied May 15, 2015
Imho, the CBs only care for the economy as whole. The pro-market behavior is only because the market has become too important for the overall health of the economy. A bull equity market makes everybody richer. But a unsustainable bubble will crash ...
The Really Useless Thread
- Shunyi replied May 15, 2015
The past few 4H candles indicate that the bulls are losing control. I was very very tempted to put a sell order at 1.142, but then again, I have finally decided to wait for data this afternoon. In the meanwhile, have you noticed the recovery of ...
The Really Useless Thread
- Shunyi replied May 14, 2015
SocGen analysts said "the spring cleaning of crowded bond and FX positions continues. Soft US data has dented but not exterminated selling in bonds. It also supports a further unwind of long dollar trades: positioning suggests there is still room ...
The Really Useless Thread
- Shunyi replied May 14, 2015
This is so good! I learn a bunch every single day reading your posts. Thank you! Hopefully one day I can contribute as much.
The Really Useless Thread