This would fit my theory as well. I have only been in sell mode until I get the break below my target, or break above to invalidate the count. Reposting the chart I posted a week or so ago. However, the argument could be made that 1.0095 is the end ...

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You have been SPOT ON! Very Nice work!

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I didn't notice this pattern, but this is what I am expecting. Wouldnt be surprised to see a run to 1.03

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US forex traders come on in about 5 min. This could be the push to the 1.0177 area before the reversal. Or, it just starts the decent from now. I am closing 1/2 of my initial short here.

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Good Call! Now, DXY is fell to 50 and 100 Hour Moving average. And 200MA above. Looks like a strong reversal signal.

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That is the problem when tracking the Options. They are NOT required to notate if they are puts, calls, or a DNT ( A DNT = Do Not Touch is an option that gives the trader an agreed-upon payout if the price does not reach or surpass the specified ...

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This is also my thought. I couldn't agree more. If we get only 50BP, we will see the markets go MUCH higher. This will be the Pivot many are watching for.

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I thought the purpose was to throw out ideas as a team here. I am not trying to be right and I will never say "I told ya so." Just giving my perspective Cheers!

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You could be right. I have too many other pairs to trade are at significantly more pivotal areas. I'd rather play it safe and watch and see I wish you BIG PIPS! To further strengthen your thesis. Tomorrow, before the Feds decision, there are some ...

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Given all the pipeline drama and the Fed rate decision coming tomorrow, there is NO way (Unless Russia claims peace with Ukraine) I am buying this pair today. Only looking for short setups. Creating a perfect storm for ~.985.

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I agree. I posted my Elliott Wave count earlier, and this data simply further supports my claim

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EURO to get weaker. Poor German data this morning and now Nord 1 getting tighter.

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Updated Elliott Wave Theory on 4 hr Chart. This is the most likely scenario. This follows EWT rules perfectly. IF we break ABOVE 1.03252, then this count will be INVALID. Shorts are my only play right now until we get into the possible reversal ...

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If my EWT count is correct. Then 1.105-1.1038 will be the C leg of the ABC correction.

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I see one problem with your EWT count. Im no PRO EWT guy, but I do use it quite often, with fairly good success. My count has wave 3 ending in November, but you could stretch it to ending in January. That is the standard/expected/typical Fib ...

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Exactly right. However, the USD is only doing well against low-yield currencies like JPY. Japan has no interest in raising rates, and no one is "pricing in" any rate hikes for Japan. The USD is now getting a 50BP rate hike priced in for March. EUR ...

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Working on my game plan on EURUSD, and you have the EXACT plan that I do. No need to say more. This is why I love this forum. I typically like to make a plan, then read what everyone else says. Is nice when you have someone with the same game plan. ...

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One fairly large option expiring this morning @1.14000 at the US fix. This could create some attraction, but I think that will just create a nice short-term buy opp.

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I may have to change my perspective. In this business, you have to stay flexible and roll with the punches. I assumed at the ECB meeting yesterday that USD would catch a bid off the back of Lagarde saying they are not interested in lifting rates. ...

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Good Morning Traders! US 10Yr Rates are still up above 1.90%. These are real actual rates. I say this because EUR got a bump last week for traders PRICING IN up to 3 rate hikes this year. . Simply put, ANY risk-off will send BUYERS to the USD. ...

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