Wazua
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:hisah wrote:karasinga wrote:hisah wrote:karasinga wrote:hisah wrote:E$ above 1.1050 level. Shorts up 
burnt my fingers yesterday. tread carefully. considering short around 1.1168
Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.
IMHO
1.16 may be a stretch, but in this market nothing is impossible. The higher €$ goes the bigger the next fall unless it reclaims 1.22 handle.
€ bulls are still present having taken out 1.11 in asian session means the short trade will be stopped out. Will stand aside.
watching keenly. anything can happen from now... allow me to share a detailed Elliot wave. I know mnandii will correct me if I am wrong.
get your soldiers ready and remember it might be a complex correction to 1.093s or 1.086s
sell stop @1.11125 It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:karasinga wrote:hisah wrote:karasinga wrote:hisah wrote:karasinga wrote:hisah wrote:E$ above 1.1050 level. Shorts up
burnt my fingers yesterday. tread carefully. considering short around 1.1168
Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.
IMHO
1.16 may be a stretch, but in this market nothing is impossible. The higher €$ goes the bigger the next fall unless it reclaims 1.22 handle.
€ bulls are still present having taken out 1.11 in asian session means the short trade will be stopped out. Will stand aside.
watching keenly. anything can happen from now... allow me to share a detailed Elliot wave. I know mnandii will correct me if I am wrong.
get your soldiers ready and remember it might be a complex correction to 1.093s or 1.086s
sell stop @1.11125
Triggered. see you in bank It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 3/23/2011 Posts: 304
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alutacontinua wrote:alutacontinua wrote:karasinga wrote:alutacontinua wrote:alutacontinua wrote:alutacontinua wrote:$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)
Trigger should be today's US Crude Oil Inventories news release
And we have lift off Lets see if we can get some momentum going. Downside has a lot of legroom...
like this
Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks 
https://m.moodys.com/res...nadian-Banks--PR_366355?
"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"
My targets are 1.36 and 1.34 based off the above fundamentals
Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's
The 1st round French election vote gap up still looming in the background...
UPDDATE: First target at 1.36 hit might be in for some consolidation before further downside continues
Next targets are 1.3530 and 1.3410
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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alutacontinua wrote:alutacontinua wrote:alutacontinua wrote:karasinga wrote:alutacontinua wrote:alutacontinua wrote:alutacontinua wrote:$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)
Trigger should be today's US Crude Oil Inventories news release
And we have lift off Lets see if we can get some momentum going. Downside has a lot of legroom...
like this
Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks
https://m.moodys.com/res...nadian-Banks--PR_366355?
"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"
My targets are 1.36 and 1.34 based off the above fundamentals
Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's
The 1st round French election vote gap up still looming in the background...
UPDDATE: First target at 1.36 hit might be in for some consolidation before further downside continues
Next targets are 1.3530 and 1.3410
will you mind to share why you are still holding short. in learning mode It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 3/23/2011 Posts: 304
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karasinga wrote:alutacontinua wrote:alutacontinua wrote:alutacontinua wrote:karasinga wrote:alutacontinua wrote:alutacontinua wrote:alutacontinua wrote:$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)
Trigger should be today's US Crude Oil Inventories news release
And we have lift off Lets see if we can get some momentum going. Downside has a lot of legroom...
like this
Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks
https://m.moodys.com/res...nadian-Banks--PR_366355?
"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"
My targets are 1.36 and 1.34 based off the above fundamentals
Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's
The 1st round French election vote gap up still looming in the background...
UPDDATE: First target at 1.36 hit might be in for some consolidation before further downside continues
Next targets are 1.3530 and 1.3410
will you mind to share why you are still holding short. in learning mode
Mostly fundamental reasons...A couple of OPEC countries have mentioned that they wouldn't mind extending supply cuts by a further 6 months then there is the current retrace of the TRUMP USD trade. (The Weekly $DXY Chart says it all)
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Member Joined: 3/23/2011 Posts: 304
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@Karasinga great execution on the EURUSD trade You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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alutacontinua wrote:@Karasinga great execution on the EURUSD trade
quite humbling. still learning the rope It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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karasinga wrote:karasinga wrote:karasinga wrote:hisah wrote:karasinga wrote:hisah wrote:karasinga wrote:hisah wrote:E$ above 1.1050 level. Shorts up
burnt my fingers yesterday. tread carefully. considering short around 1.1168
Between 1.1080 to 1.1130 are heavy layers of resistance on the weekly and monthly.
IMHO
1.16 may be a stretch, but in this market nothing is impossible. The higher €$ goes the bigger the next fall unless it reclaims 1.22 handle.
€ bulls are still present having taken out 1.11 in asian session means the short trade will be stopped out. Will stand aside.
watching keenly. anything can happen from now... allow me to share a detailed Elliot wave. I know mnandii will correct me if I am wrong.
get your soldiers ready and remember it might be a complex correction to 1.093s or 1.086s
sell stop @1.11125
Triggered. see you in bank
Short traded stopped. The 4hr chart is hinting shorts favoured so I've initiated the short trade again. Short at market at 1.1096. Lot size 0.5 for an aggressive play. Immediate target for position 1 is 1.1050 to recoup the initial loss. Position 2 target objective is still open. SL still remain 1.1120. Will update later after the current 4hr candle completes. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Stopped out again! € bulls not yet done. Very interesting this price action. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/23/2011 Posts: 304
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alutacontinua wrote:karasinga wrote:alutacontinua wrote:alutacontinua wrote:alutacontinua wrote:karasinga wrote:alutacontinua wrote:alutacontinua wrote:alutacontinua wrote:$CAD on my watchlist...the first 2 hours after the Frankfurt open today showing signs of the start of a downtrend above 1.37. Still waiting to determine entry and downside targets but SL would be above Friday's High (1.3792)
Trigger should be today's US Crude Oil Inventories news release
And we have lift off Lets see if we can get some momentum going. Downside has a lot of legroom...
like this
Despite Oil's continued rise USDCAD caught a bid yesterday after Moody's downgrades 6 Canadian Banks
https://m.moodys.com/res...nadian-Banks--PR_366355?
"Oil continues its biggest rally since December: US stockpiles falling faster and earlier in 2017 than 5yr average as OPEC reduces output to trim global gut"
My targets are 1.36 and 1.34 based off the above fundamentals
Goldman (or as @hisah calls them LeSquid) have scrapped their Euro Parity call. Ups 12month forecast for $EUR to 1.05 from 1.00 on an upbeat ECB and see less scope for major policy divergence. They also lowered their USD outlook and believe it will lag Reagan's fueled rally in the 80's
The 1st round French election vote gap up still looming in the background...
UPDDATE: First target at 1.36 hit might be in for some consolidation before further downside continues
Next targets are 1.3530 and 1.3410
will you mind to share why you are still holding short. in learning mode
Mostly fundamental reasons...A couple of OPEC countries have mentioned that they wouldn't mind extending supply cuts by a further 6 months then there is the current retrace of the TRUMP USD trade. (The Weekly $DXY Chart says it all)
US Crude inventories come in at -1.753MM vs. -2.360MM exp. Crude rallying towards the $50 level while $DXY keeps heading lower. Think the next downleg on $CAD has started TP1 - 1.3530 now in focus.
@Hisah EUR$ has really been volatile today...bulls really taking advantage of the slide in the $ due to White House issues You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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