Thread: Trading For A Living

96678

Originally Posted by ;

OK so looking at things this morning by a technical standpoint I am finding it hard to find real leadership.... The markets have been up and down over the last week.

I guess it is going to be a day of trading momentum . I enjoy the idea of shorting the EUR/JPY, so I will wait to see the price action when occurs.

What about the rest of you men?

Agree with you....EURUSD appears to have lid on, Cable reveals Triangle on H4 again, Aussie has climbing leash and USDCHF was rejected by 0.8900.

There's some movement today with London openminded, but think I will stand on sideline today.

Do not watch EURJPY....don't understand why though.

90604Maybe I Must have sat on the sidelines Also

-6.3 pips on the EURJPY

90604Good morning. I agree with your assement of the market. I have not seen any installments which make me curious. I am watching the EUR/USD closely since it is in the top where it has been before, although I will probably wait. I had a buy order for the GBP/USD that was triggered. The price moved up to 8 PIPs, however I had been taken out with 1.6 PIPs.

90604

Originally Posted by ;

Perhaps I should've sat on the sidelines as well

-6.3 pips on the EURJPY

Keeps us on our toes and humble....

Swissy has been bought vs USD, EUR and GBP....which is weird and caught me off guard.

90604OK the markets are Actually Only playing with my emotions now... I am going to hold fire now until the Euro news out in an hour...

1.1 EURJPY

I am looking at USD/CHF and the EUR/USD's bars. What I see is that the current bar of each pair have have formed external bars of the prior bar. The USD/CHF may probably undo the small up for the previous 3 pubs and may go back to 0.8900 to test this price.

The EUR/USD has also made an external bar of the prior bar. It's still undecided.

90604Some light hearted fun... goto 7 mins in... this cracks me up


You men should actually probably also watch parts 1,2 and 3 as they are really fascinating from a trading perspective.

90604I have just had an order filled to go long the NZDUSD on a rest of the highs.

I also have pending long EURUSD if the Euro has legs and Brief EURNZD if it ends up that it does not

90604AFX, Looking at the EUR/USD H1 pubs it appears like it's growing support at the 1.44640 area. I did not believe the news at 0800 GMT and 0900 GMT would move it, but it seems like the market is hanging back and waiting. This is really where our discipline is analyzed.

90604Indeed.

The thing with any economic launch is to work out what's significant to the market at the moment. With todays launch it we be a bit more significant as it's inflation data which can help the markets decide whether they think the ECB will raise rates anytime soon.

So even though it's not tier one to speak, at the moment the markets are fixated on this kind of data.

The ECB's mandate is price equilibrium, hence high inflation = higher interest rates