Right now they are extremely correlated, but not all the time. Take a look at a chart of either right now

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Man, I think my fiancee is psychic...that is an undeniable break of the hourly TL

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Too many people shorting, time to go long - I know all you guys can't be right lol Edit: In at 1.4994 cause my gf is psychic and said I should go long eventhough she doesn't know what that means.

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Moved SL to BE+1 and hope we do get that 1.4850, though I'm not counting on it

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Yeah, lol as soon as I posted that it broke the TL. Figures. Anyway, it only broke by a few pips so I'm gonna hold on to original SL

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Shorting at 1.4990, SL 1.50010...Looks like its going to bounce off that hourly TL that's been in play since Nov 10 or so

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Haha, yeah can't blame you...

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A "gut instinct" is simply a manifestation of your subconscious mind attemtping to tell your conscious mind to act. It's a well known phenomenon in psychology and it is often based on rational information that we have processed unknowingly. Check ...

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Nice, maybe we're getting back to good US data is dollar positive

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It's been a busy week...if this gets much lower I might get back in though. Have a good weekend all.

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That's pretty interesting. I wonder what the accuracy of their consensus is? I don't Twitter, but maybe I'll sign up to get the data and see if an indicator based on their forecasts has any merit. I'm assuming their old posts are still available.

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I don't see many people discussing it because when you have one you don't want to give it away, but what's your edge? Everyone knows about pivots, S/R, etc, so therefore they aren't very useful to trade. A trader that consistently makes profits is ...

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I'm long again, though at 1/4 my normal size. Will average down if price reaches 1.4800. Stop if daily TL breached

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Basically someone has bet that the price would stay between a certain range. In this case an Asian Central Bank and the range is 1.4800-1.5100. It is does then they make money. If it doesn't then they lose. Just google double no touch option.

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Risk reversals are at EXTREME levels. Everybody betting down is usually a sure bet it's going up...

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Its a double no touch option discussed previously. For now I'm closing my long for a few pips gain until after the expiry in 10-15 mins. Will open again if it drops then.

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That would be the Asian Central Bank with the DNTs expiring in 20 mins

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Two of my models are indicating up, with a target of 1.4989. I'm long at 1.4840, but will average down if goes below 1.4800 after the DNT expiry in 35 mins.

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Yeah, but I wouldn't be surprised if the price broke out after options expiry tomorrow

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Since your new I'll give you some decent advice: don't put too much faith into technical analysis. I've backtested hundreds of indicators and most are good for nothing after normalization. That said, sometimes TA works when there is no news and a ...

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