FOREX PRO WEEKLY April 21-25, 2014

[psaTrading]

HI jerry
for me its lyk dis
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Very good!
Thanks, it was very helpful.

 

[minimax]

Would not bet on lazy and sideways market..in 10 minutes German Ifo Business Climate in 70 minutes ECB President Draghi Speaks...I am bearish..

Good trading!

 

[ochills]

Good Morning Commander in pips,

I love this statement, it makes me feel as if Commander is right beside and saying look man no clear signal for me, so I will stay on the fence & watch market behavior.
"On EUR we have weekly bearish grabber and market has formed another one on daily chart yesterday, but recent price action doesn't fascinate me to take short posiiton. Take a look that if market is really bearish and moving down - this is curious pause right in the beginning of CD leg. Here market has not hit any 0.618 minor extension. Yes we have pivots but market stands too long here. Second, it has moved above MPP and WPP. All these moments make me stand back out from taking short position despite all grabbers that we have right now. Because market mechnics itself does not support bearish scenario. Theoretically as butterfly "Sell" as AB=CD pattern are possible, but I wouldn't take short position with such circumstances"

thanks commander in pips.

 

[Videep]

Man I waited for Draghi's speech before going for voting in our elections. But EURUSD still hasn't moved much. I guess it's upto the NFP next week lol

 

[minimax]

Man I waited for Draghi's speech before going for voting in our elections. But EURUSD still hasn't moved much. I guess it's upto the NFP next week lol

Some outrageous reading, all articles/contributions are good but 2nd is scarry..Anti-EU alliance will become the largest group in parliament..

Enjoy!

 

[Lolly Tripathy]

Our bullish target is my selling area...

 

[minimax]

Our bullish target is my selling area...
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I remain usd bull and eur bear.

Good trading!

 

[wontuno]

Our bullish target is my selling area...

Me too.
Those 1.6880 level ,looks delicious RR to me. Yummy!

 

[dkami]

Thank's Sive for sharing your trading knowledge you have a very kind heart

I have seen you mention in the past about this dynamic pressure which I find very interesting but hadn't taken much notice, I will keep a close eye on this situation in the future and have re-read your Trading Divergences

I was going to take a short @ currant price (1.6818) targeting 1.6762 SL above 1.6840 on GU but now will sit and watch and see if my limit sell @ my D1 resistance (1.6893) get's triggered for initial bounce scalp until I get clearer sell signal

Enjoy your weekend all

 

[Videep]

Some outrageous reading, all articles/contributions are good but 2nd is scarry..Anti-EU alliance will become the largest group in parliament..

Enjoy!

Thanks man. Scary stuff, good read. I liked the part about Mark Carney leaving BoE & becoming a farmer in NZ