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shellsnail commented Jun 10, 2015EUR/USD finally closed the gaps on 1 min chart at 1.1261... now I think it's ready to rocket.
Amari: Kuroda's comments might be distorted from what he meant
- shellsnail commented Jun 10, 2015
hmm the bounce may be deeper. if this is a wave 2 retrace it could go all the way back to the point it sold off them. same for aud/usd.
Amari: Kuroda's comments might be distorted from what he meant
- shellsnail commented Jun 10, 2015
I am having trouble differentiating which move is fake LOL. but I am thinking the initial domino effect still in play... big players may be unloading longs here. anyway I'm going long aud/usd on this fantastic retrace.
Amari: Kuroda's comments might be distorted from what he meant
- shellsnail commented Jun 10, 2015
There's this thing called domino effect. I would be surprised if (at least) the next 2 to 3 4-hour candles were not RED. AUD/USD probably 2-3 4-hour green candles. If you're flat on both, consider getting in an hour later, around 1.5 hours before US ...
BoJ Gov Kuroda: Yen May Not Weaken Much Further On A Real Effective Exchange Rate Basis
- shellsnail commented Jun 10, 2015
eur/usd profit taking on bad news Industrial production... classic play, when price is at highs and bad news come out, always profit taking.. short till 1.126 then see what happens. USD/JPY bounce should be good short pre US session? aud/usd ...
BoJ Gov Kuroda: Yen May Not Weaken Much Further On A Real Effective Exchange Rate Basis
- shellsnail commented Jun 10, 2015
If this is a false break-out on the weekly chart... god help USD/JPY longs. must think from the perspective of a long-term holder... seeing this break-out failing at multi year highs, will he hold or dump??? If he dumps in that position, means all ...
BoJ Gov Kuroda: Yen May Not Weaken Much Further On A Real Effective Exchange Rate Basis
- shellsnail commented Jun 10, 2015
IMO, this is an over-reaction. His statement carries no further weight and JPY pairs should bounce quite strongly during Europe or US. But the medium term downtrend on USD has more or less started. technicals on USD/JPY has also turned. so look to ...
BoJ Gov Kuroda: Yen May Not Weaken Much Further On A Real Effective Exchange Rate Basis
- shellsnail commented Jun 9, 2015
Seeing how effective this is, Swiss central bankers may soon try the same tactic to weaken their currency.
BoJ Gov Kuroda: Yen May Not Weaken Much Further On A Real Effective Exchange Rate Basis
- shellsnail commented Jun 9, 2015
HAHA knew this was coming. url it was kinda probable after last week's remarks.
BoJ Gov Kuroda: Yen May Not Weaken Much Further On A Real Effective Exchange Rate Basis
- shellsnail commented Jun 9, 2015
BTW, longs should consider holding this for weeks... The footprint on this one is institutional order flow. Identical to EUR/USD last monday. Looks like dollar is really going to crash soon? ofcourse if the low breaks and doesn't bounce, then this ...
RBA Stevens: Economic Conditions and Prospects - Creating the Upside
- shellsnail commented Jun 9, 2015
Looks like big boys are struggling to get liquidity here and keeps trying to run stops. for these situations, just adopt the mantra: The scarier it looks on the chart, the more you should be buying. use fear to your advantage
RBA Stevens: Economic Conditions and Prospects - Creating the Upside
- shellsnail commented Jun 9, 2015
The message in the speech was... We would like AUD to go down further. (sure we would all like to be billionaires too, but realistically?.) AUD going down has boosted net exports (which incidentally will cause exchange rate to appreciate in the ...
RBA Stevens: Economic Conditions and Prospects - Creating the Upside
- shellsnail commented Jun 9, 2015
the weekly chart looks like a huge bear trap bottom... this is likely the last capitulation IMO.
RBA Stevens: Economic Conditions and Prospects - Creating the Upside
- shellsnail commented Jun 9, 2015
hmm I think after what he's said, AUD is trying to find a medium term bottom here. Don't be suckered into selling yet.
RBA Stevens: Economic Conditions and Prospects - Creating the Upside
- shellsnail commented Jun 9, 2015
Interesting perspective.
BlackRock's Rieder: 'Market doing Fed's job'
- shellsnail replied Jun 9, 2015
Thanks NorthTrader! It was nice to have you share your experience and wisdom too. This trading thing is tough isn't it?
Testing High Leverage Compounding
- shellsnail commented Jun 9, 2015
Yes I noticed Japan is turning around too. And last week you hear the CB officials all talking about the high USD/JPY rate and worrying about it. All signs that something big is around the corner... Market participants are pricing that in this week ...
Japan Corporate Goods Price Index
- shellsnail commented Jun 9, 2015
Just curious, has there ever been a 1000 pip day before on EUR/USD?
Gross: Reverse head & shoulders (yields) in all global bond markets. Necklines being broken...
- shellsnail commented Jun 9, 2015
so far... the bond sell-off is negatively correlated with EUR/USD. EUR/USD just broke downtrend line on 15 min, so I suppose it's related and tracking bond markets closely. by my estimation, wave 3 of 3 of 3 is around the corner if this does not ...
Gross: Reverse head & shoulders (yields) in all global bond markets. Necklines being broken...