Peter Szabo
Private, 1st Class
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- 57
What is the opinion from my butterfly possibility?
FOREX PRO Weekly April 29 - May 03, 2013
- Thread starter Sive Morten
- Start date
From your chart it looks like with today`s NFP EUR/USD could rebound from pivot point and now will proceed higher. Or you think it should first touch at least 0,50 or 0,618 fib level?
looks good but hopefully not - I think EUR`s not so powerful at the moment that it could go so high..
RahmanSL
Major
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- 2,938
I do hope & wish the EUR/USD will go through the roof next week so I can short the hell out of it for the leg down 
.....should had taken some longs just before market closing last Friday, and also some shorts on USD/JPY........BUT, I didn't want to messed up my nice and clean slates on my two trading accounts after I was all out after the NFP news with "nice little profits" which made me very well satisfied with my week of trading.
Have a good weekend and Happy Easter to those concern
.....should had taken some longs just before market closing last Friday, and also some shorts on USD/JPY........BUT, I didn't want to messed up my nice and clean slates on my two trading accounts after I was all out after the NFP news with "nice little profits" which made me very well satisfied with my week of trading.Have a good weekend and Happy Easter to those concern
LeoDvinchi
Private
- Messages
- 17
All I was trying to show was previous price action of NFP, which is often a turning point. Yesterday's NFP was very strange and I have to think carefully what's next. The NFP is my best trading day because it's so impulsive on high volume and therefore a high probability trade, on top of it, if it marks a turning point you can take 1/2 of profits and leave the rest with a TS, that has a low probability of being touched
Yesterday's action was not normal so all we can do is record it into our NFP log
At the moment by heart tells me the April engulfing is in control with target 1.34 area but we might first get a small retracement. This would also fit with Sive VBO idea on the EURJPY, last week I posted a question regarding the conflict between a yen VBO and EUR drop and I think this week's price action clarifies it a bit
I also think the Dollar Index candle left on the Cyprus bailout is significant. I did post this graph last week and I will post it again when I'm home ( on my phone now)
At the moment I will stay away from the Euro and focus on the Swissy, where we already have a free put by the central bank. Perhaps on the yen
Please note I'm not an economic expert. Just a humble car designer
Yesterday's action was not normal so all we can do is record it into our NFP log
At the moment by heart tells me the April engulfing is in control with target 1.34 area but we might first get a small retracement. This would also fit with Sive VBO idea on the EURJPY, last week I posted a question regarding the conflict between a yen VBO and EUR drop and I think this week's price action clarifies it a bit
I also think the Dollar Index candle left on the Cyprus bailout is significant. I did post this graph last week and I will post it again when I'm home ( on my phone now)
At the moment I will stay away from the Euro and focus on the Swissy, where we already have a free put by the central bank. Perhaps on the yen
Please note I'm not an economic expert. Just a humble car designer
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