The wind is changing

Nov 25, 2016 at 10:20
2,918 Views
68 Replies
Member Since Feb 22, 2011   4862 posts
Nov 25, 2016 at 10:20 (edited Nov 25, 2016 at 10:18)
Today is sort of breaking point.
Pairs are going to change its direction.
Member Since Mar 25, 2015   71 posts
Nov 27, 2016 at 07:43
togr posted:
Pairs are going to change its direction.

Which pairs and why do you think so?
Member Since Feb 22, 2011   4862 posts
Nov 28, 2016 at 07:36
My systems showed that.
I trade mainly EURUSD.
It was dropping till breaking point.
Since then it is rising.
Member Since Jun 18, 2013   52 posts
Nov 28, 2016 at 08:38
I agree, yen pairs seem to be reverting their directions
buy low sell high
Member Since Feb 12, 2016   522 posts
Nov 28, 2016 at 10:55
Yes seems like it, waiting for the American Session to start as they were on holiday Thursday and Friday. Waiting for a pullback in the EURUSD so I can buy. Buy Limits already set around the 1.06 area maybe will move em up depending on the situation.
Member Since Dec 11, 2015   1487 posts
Nov 28, 2016 at 11:59
I had a short on EUR/USD earlier today and I just closed it. I don't intend to open longs for now.
Member Since Feb 12, 2016   522 posts
Nov 28, 2016 at 16:06
You did good mlawson71 that clearing for the months end put a lot of pressure so early. Didn’t expected it though it looks quite bearish now.
Member Since Feb 22, 2011   4862 posts
Nov 29, 2016 at 08:02
Market was calm today despite Draghi
Member Since Apr 17, 2015   64 posts
Nov 29, 2016 at 08:11
Yes, let's see how it goes after the NFP tomorrow.
Knowledge is king!
Member Since Mar 25, 2015   71 posts
Nov 29, 2016 at 15:14
togr posted:
My systems showed that.
I trade mainly EURUSD.
It was dropping till breaking point.
Since then it is rising.

Got it, thanks for the clarification! 😄
Member Since Feb 12, 2016   427 posts
Nov 30, 2016 at 16:53
Do you guys think that most of the pairs will go in the opposite direction during the NFP? It seems for now this will happen. Nothing sure, but I just want to be prepared when the fast movements start.
Accept the loss as experience
Member Since Feb 22, 2011   4862 posts
Dec 01, 2016 at 08:21
I believe market will move both sides. In any case people still believe FED will increase the rates in DEC so good NFP number will confirm the cause and USD can skyrockets.
Member Since Jun 15, 2015   52 posts
Dec 01, 2016 at 11:04
togr posted:
I believe market will move both sides. In any case people still believe FED will increase the rates in DEC so good NFP number will confirm the cause and USD can skyrockets.

Yes, I think it EURUSD may fall about 100 pips after the NFP if we see a better number announced.
Member Since Sep 15, 2016   24 posts
Dec 01, 2016 at 12:44
EURUSD is range bound since there are a lot of uncertainties going on over Euro zone political stability. Moreover Italy referendum is also lined up and a rejection for proposed constitutional reforms can unleash confidence in the euro zone economy, which definitely can take euro down from its consolidation range. Right now, investors are just being sidelined, refrained to put any major positions before the major events. the recent short term rebound is just due to value buying in Euro and profit booking in USD and indeed if NFP comes better than expected it can test its psychological level of 1.05 again as Higher fed rate hike expectations can drive dollar in further bullish territory.
Member Since Jul 13, 2016   36 posts
Dec 13, 2016 at 07:39
togr posted:
I believe market will move both sides. In any case people still believe FED will increase the rates in DEC so good NFP number will confirm the cause and USD can skyrockets.

If the market moves in both directions it could be, in a way, beneficial to investors?
Member Since Aug 27, 2017   994 posts
Apr 29, 2018 at 06:36
tradfred posted:
togr posted:
I believe market will move both sides. In any case people still believe FED will increase the rates in DEC so good NFP number will confirm the cause and USD can skyrockets.

If the market moves in both directions it could be, in a way, beneficial to investors?

For the short term trader like, the scalpers; definitely, it is.
Member Since Feb 22, 2011   4862 posts
May 01, 2018 at 12:34
We will see what brings FOMC statement and NFP this week
Member Since Dec 11, 2015   1487 posts
May 02, 2018 at 14:54
I forgot the they're this week, good thing you reminded me. Thanks for that. Let's hope there'll be more than whipsaws.
Member Since Feb 12, 2016   522 posts
May 03, 2018 at 13:52
The volatility will raise and small time frames offers some nice short term opportunities :)
Member Since Aug 27, 2017   994 posts
May 07, 2018 at 06:51
BaldoN posted:
The volatility will raise and small time frames offers some nice short term opportunities :)

Yes, I am also looking for scalping opportunities here (in the upcoming week).
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