I like lots of data. I process it quickly so I'm not surprised I have more going on in my chart than most but on my 1 min chart, which is what I spend most of my time on that's all over to the left in the past. The blue lines are the bollinger ...

EURUSD

Sorry about that. Different strokes I guess. Best of luck.

EURUSD

Yeah, sorry. I did those fibs on 1m & look for multiple fibs near same area as potential reversal zone, then clear them out later. I have another chart with just a single moving average to watch price.

EURUSD

Agree. May retrace to 1.1124 first given the quick hit at 1.1145 (lower 1.618 extension). image

EURUSD

Fixed with edit.

EURUSD

A. the Holy Grail of FX trading (fully explained in pic below) image B. a basketball move image C. when you point out anything of interest in the background behind that hot girl you looked at when your wife/girlfriend gives you a dirty look ...

EURUSD

Unless you are into guys, then start with step 1, talk to girls about something they are interested in.

EURUSD

Nice explanation Clinical. Thank you.

The Really Useless Thread

Thanks Mr Scott!

Mr. Scott's Crayon Thread

Did EU just make the AB leg of a shark pattern? (I'm still trying to figure out all these harmonic patterns). If so, what is the minimum target of the BC leg? 1.1220? I understand it is 1.618-2.24 of something, but I don't know where to measure ...

Mr. Scott's Crayon Thread

OK. I guess I was looking at them as being below expectations. Thank you for the quick response!

The Really Useless Thread

Good numbers? I think I missed something Sisse. They revised the prior unit labor costs number from Q1 from 6.7 to 2.3. Then Q2 came out at 0.5%. I thought that was bad. Sure, it's still inflation, but less than expected given the prior revision. If ...

The Really Useless Thread

Max, is that a bull? or a cat?

EURUSD

Something I was wondering, was how much of the boost to US treasuries was due to money being moved out of equities for the 'safe' play with bonds? If significant amounts, then that would support the idea of a Sept hike and the market seeing August ...

The Really Useless Thread

Keep in mind options expiring in 40 minutes. I'm looking at that near 2 bils at 1.08. Option expires today include: 1.0700 (near 2 bln), 1.0750 (large), 1.0775 (large), 1.0800 (near 2 bln), 1.0850 (large), 1.0900, 1.0925 (over 2 bln), 1.1000 (near 2 ...

EURUSD

I just saw the Atlanta Fed's latest forecast for US GDP 3rd quarter. They revise it with the data and this is the first release this quarter. Doesn't look good. Should fuel the EUR/USD bulls a bit. " Latest forecast — August 6, 2015 The first GDPNow ...

EURUSD

I see the statement that 50% isn't a real fib number often. It is. The first numbers in the Fibonnaci sequence are 0, 1, 1, 2.... We get the ratios by dividing them. 1/2 = 50%. We get there way before the 38.2 & 61.8 ones. Just an FYI.

EURUSD

Well, I had my longs in (not the best entries) and was set for the pre-ADP pump today and then.....fizzle. IMO, if it was going to go up it had the perfect chance when it bounced off the daily pivot & 50% retrace from 1.0960. No new high, so I guess ...

The Really Useless Thread

I remembered that August can be a bit slow, but 55 pip daily range is no fun. So I went and just took a brief look at last August. Ugh! I saw a couple really small action days, one was less than 30 pips! Here's hoping we can have long enough trends ...

EURUSD

Yes, ISM numbers out soon this a.m. Already out. bad. EUR/USD pair should go up if based on this news. *U.S. JULY ISM FACTORY INDEX DECLINES TO THREE-MONTH LOW U.S. JULY ISM EMPLOYMENT INDEX AT 52.7 AFTER 55.5 IN JUNE US ISM PRICES PAID INDEX 44.0 ...

EURUSD