If anyone cares, I've decided to go flat and join the sideline until I get up tomorrow morning. Good luck to all.

The Really Useless Thread

I've been short euro/long dollar bias for the last several weeks, but Friday has given me some concerns. While on the one hand the eur/usd rise & fall could be explained as the market (or large hands) reacting to bad US data to get the pair up to a ...

The Really Useless Thread

Thanks Dennis! By "mm" I meant market maker. And Thank you Pharm0r for giving me the thread to look at. Ken, you said: "I can write many things wrapped bullshit to impress you that no one can debunk but as suggestion; find out and learn more why ...

EURUSD

Thanks Ken. I agree with you about 'secret formulas', but I'm not looking for that. I'm looking for actual information as to how MM's operate, which will help me in deciding when to take trades/skip them/etc. IMO if MM's are taking some trades then ...

EURUSD

Again, I don't understand this concept; if anyone does & is willing to explain it or point me to a link or source to study up I'd appreciate it very much. My guess is that not all MM's were long going into the 8:30 EDT news when the big jump ...

EURUSD

I think this is about the time that TTFXHAMMER would/should say that MM's want to get it back down to ????1.09779???? to fix their books, or something like that. I miss his posts & hope he returns soon. I still haven't figured out his MM's fixing ...

EURUSD

Just food for thought on today's US GDP. The final Q1 number was -0.2% & the expectations I read for Q2 were between 2.5-2.7%. So I think the 1H average Q was expected to be 1.15-1.25. Today's numbers give us .6 & 2.3, with a 1H Q average of 1.45. ...

EURUSD

Yes, just a little slower I think. Target will be 1.0917 it looks like.

EURUSD

Anyone have any ideas as to what the flop number is for US gdp? 2.2 or lower?

EURUSD

Just to explain why I"m calling this statement Slightly Hawkish. Here’s the new statement with the changes from the last statement marked in blue below. As you can see these are ALL the changes: Economic expansion activity no longer references slow ...

The Really Useless Thread

..Little faster than I thought. Good day. Expect a bounce here, lots of resistance & 161.8 extensions & the last 5 min chart ABCD just ended here. See you all tomorrow.

The Really Useless Thread

Take a look at the Fed statement changes. IMO, every change is slightly hawkish, so market will eventually see that (seeing it now as I type) and USD will rise a bit. As usual, Sisse was spot-on. Great job there. I'm looking for 1.096x level before ...

The Really Useless Thread

Love your chart ffleo. My take is that bull power is waning. The first 2 light blue lines (starting 6/4 & 6/28) went up in one blast. Then the first yellow line took a retracement in the middle to make it up. The the blue channel was broken to the ...

EURUSD

It looks to me like the Fed leak chart shows a rate hike in September (3rd quarter) not just by the end of the year. I got this chart from the FRB/US model package (ZIP) data folder at ...

The Really Useless Thread

Ranging pattern it appears.

EURUSD

Of course there are caveats...The mantra of central bankers is to not disrupt markets unless it is for their own benefit. Yellen doesn't want the stock market to drop, so she has to make it seem gradual. IMO, she is slowly, very slowly, sounding ...

The Really Useless Thread

It's here: url

EURUSD

Yes there is testimony today. Yesterday she gave testimony to the House of Representatives committee. Today it is the same thing but with the Senate committee. The Senators usually sound better & ask better questions, but otherwise, should be pretty ...

EURUSD

Careful longs, I took mine out at a loss & replaced with shorts. Yellen written statement got rid of "later": "economic conditions likely would make it appropriate at some point [word LATER deleted] this year to raise the federal funds rate" . ...

EURUSD

No, that's not exactly accurate. Schauble is the chairman of the board of directors of that institution. url The board of directors is a little different than if it were his bank. Edit: I see I was a little late on this.

EURUSD