Looks like a bit of a miss to me (NFP revised down from last month makes it overall slighly below expectations, plus with ADP beat, a bigger miss). Not all so perfect in paradise. The 2017 looking for 3 hikes took a hit. 10 year bonds losing yield. ...

The Really Useless Thread

I see PTL already gave a brief answer. But why won't that happen again in a couple weeks? Last year, ECB extended QE, and EU pair went up. From what I gather, it appears the most likely result from December's ECB meeting is that the ECB is again ...

The Really Useless Thread

He definitely has made posts about losing trades. I have seen him (and many others) edit their posts, so I can't tell you if it is still there. I don't think he has any intention of trying to pretend he is any better of a trader than he is, but ...

The Really Useless Thread

I've been looking for a break on GBP as the Brexit vote nears. My outlook is SELL due to risk. I'm already short the GBP/USD pair. My thoughts: 1. Yesterday's BOE projections were revised downwards. Their base assumption for their projection was ...

The Really Useless Thread

Been lurking for awhile now, currently price is still at 1.139. That this must be a Neutral map, so the real answer is do nothing and be patient, unless you know this is an extreme to fade. I see zero signs that this is a buy extreme as it is near ...

The Really Useless Thread

Check your bollinger bands & 1.0663 resistance. Wouldn't surprise me if it just plods on upward as the BB's rise here the next few hours. I'm looking for near 1.07, possibly clear that 1.0708 top.

EURUSD

Sorry Ken, I'm missing your meaning as to this comment. (And I agree with you as to the negative correlation, at least for the last several months I've been watching)

EURUSD

My guess is 1H & 4H trend already were working back up & fundamentally, inventories are said to be high & consumer spending was a miss.

EURUSD

4H close under 5160ish (or weekly close) & 4H chart could be looking like resumption of bear trend, if enough strength could take out lows & more. Apparently market today ignores weak data & thinks dollar rate hike is on in 4.5 weeks.

Cable Update (GBPUSD)

Retail sales numbers also come out at same time today. What if we get a beat on retail sales & then inline or worse on inflation numbers? I saw Fed talking yesterday about retail sales being important measure of the health of the economy & most said ...

The Really Useless Thread

Nice level with your 1.073. Question: You have the next level down as 1.0161. Is that a typo?? I would understand 1.06, but for price to skip thru the current last low without support?? As for me, I have a minor target at 1.069x that was just ...

The Really Useless Thread

Looks like unfinished business for EU to head south & retest those lows before any return back up. May just retest, or may set new lows, I don't know, but plenty of targets are appearing down there across many timeframes, i.e. pretty much everyone ...

The Really Useless Thread

Draghi says to sell EU. url

EURUSD

I like Dano's fancy charts.

EURUSD

So here we are with FOMC coming up in a few hours. Here are my thoughts, but note that I am particularly in the dark as to what are the likely outcomes. 1. If 'hawkish' Fed, i.e. no hike today, but positive language on expecting rate rise &/or ...

The Really Useless Thread

I'm not an expert on crude by any means. Some of the fundamental reasons I'm aware of (which may be paltry, I just don't know): 1. When crude goes down, the crude & energy producing companies do too. 2. Also, the financial companies providing the ...

The Really Useless Thread

Lately, crude falling has been bad for SP500. Crude is the canary there. image Edit: On the pic, Crude is the filled in larger candlesticks. SP500 the others.

The Really Useless Thread

How about predicting the market's reaction to news? Or, central bankers likely reaction to certain things, like price levels in currency, price levels in equities, crude, etc.?? Personally, I do best when I come up with the likely reactions then ...

EURUSD

Looks like it. I find it hard to believe that anyone truly believes anything new will come out of the press conference along the lines of 'we agreed to agree in December'. Yes, I have read some of those so-called 'analyst' reports, but they smack of ...

EURUSD

Euro central bank meets this week. People often like to wait to see what they decide to do before making new trades. Plus it's a Monday with not much in the way of news releases.

EURUSD