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mlawson71
Dec 13 2016 at 12:24
1487 posts
I don’t think there will be a bullish confirmation today.

kieran (snapdragon1970)
Dec 13 2016 at 12:32
1945 posts
primefxtrading posted:
Waiting for a daily close above 8572 for bullish confirmation.

I wouldn't use closing price for bullish confirmation , that was used in the past but its unreliable now.

"They mistook leverage with genius".
kieran (snapdragon1970)
Dec 13 2016 at 12:51
1945 posts
Two nice trades on eur/gbp, next Ill wait till we hit 83000 or a change in eur/usd and gbp/usd.

"They mistook leverage with genius".
primefxtrading
Dec 14 2016 at 07:55
12 posts
Long at 38.2% 8406 with SL 8304 TP 8572.

mlawson71
Dec 14 2016 at 12:11
1487 posts
This is not a Dollar-related pair, but do you think that the FED interest rate news later today will have a big effect on it?

kieran (snapdragon1970)
Dec 14 2016 at 12:52
1945 posts
Everything is Dollar related, its a major trading currency, if eur/gbp does some crazy move before FED news you will know its being priced in by speculators , if it runs flat before hand I would expect whipsaw . If the market believes rates will go up, it wont be a shock so there shouldn't be much of a move.I will be listening on FJ.

"They mistook leverage with genius".
kieran (snapdragon1970)
Dec 14 2016 at 14:06
1945 posts
Data for the US was mixed , one other thing to consider today, how will algos react to the news , I'm sure some will be switched off and some left on through the event , is there enough manual traders to cover , I doubt it.

"They mistook leverage with genius".
kieran (snapdragon1970)
Dec 14 2016 at 20:05
1945 posts
Would like to see eur/gbp completing its round trip back to the earlier spike down 83410,I went short from 83786 my first trade after the news,I let it play out as long as possible until what looks like a roll over.

"They mistook leverage with genius".
mlawson71
Dec 18 2016 at 10:59
1487 posts
If it does continue falling next target will be around 0.8250, I think.

primefxtrading
Dec 19 2016 at 07:28
12 posts
Possible pullback from 8305 to 8703-8949 area before resuming downtrend again to 7860

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