The sharp move in eur/gbp that I suspected has happened and as a result, the door is now open for euro to make a nasty stop run above 1.3415 without invalidating the top I called in cable. No certainties obviously, but technically there is a road ...

The Club!

Impressive stop run so far. And the real fun hasn't even started yet.

EURUSD

Close below hourly 200 ema @ 1.3218 would be super.

EurAnalysis

G'morning gang: Nice convo on LT cable waves. And speaking of converging triangles, the massive wave in '08 started with a textbook 5 legged triangle. And if you measure from from the top of the breakout wave, no surprise the bounce in '09 went to ...

The Club!

Without drilling way down on the tiny waves (which I'm not good at anyway), C wave 4 of 5 is still valid. On my chart, I need to see a 4 hr close below 1.3249 to technically invalidate(and with alternate scenarios a close below 1.3165 would ...

EurAnalysis

Thank you kindly for the response Cube. You appear to have a real skill at day trading and I'm always looking to try to find ways to improve at it. I hope you won't mind if I pick your brain more from time to time! :nerd:

The Club!

Hi Cube, Are CCI(14) divergences your main trigger for day trades or do you combine it with other metrics as well?

The Club!

There she goes. Bit of a surprising move day before FOMC. And this is why I swing trade, LOL.

The Club!

I still think there's another push higher before the flush. But who really knows for sure?

The Club!

Well, Germany has the capital reserves if Mario did decide to go negative. They would have the choice to further lower the PIGS cost of capital or not. Is DragAss that stupid not to get the OK from she who controls the purse strings? Strike that ...

The Club!

eur.gbp lending support to euro. My sub wave 5 targets are 1.3350 or possibly up to 1.3443. It would be very interesting to see how badly it would trip up traders if price gets up to 1.3443. I'd say that's a good candidate for maximum pain level.

The Club!

G'morning Infinitus & everyone, Question for everyone but in particular those that know German politics. Would Mario get the OK from the Bundesbank and Merkel to cut rates to a negative return on deposit before the September elections?

The Club!

I'm not much of an options guy but I'm going to take a punt on some SLW puts to go with holding some DGLD. On my charts, price shouldn't get over 24.xx before another leg down.

Let's Trade Options

Don't disagree with that. But what I'm saying is that this whole Summers/Yellen rumor fueled debate will unfold in a pro dollar way. And so will the whole to taper or not to taper sega. Ya know the old saying about price making news, not vice versa.

EurAnalysis

It's kind of amazing how all these rumors start and get interpreted in a way that "just happens" to coincide with what good technical analysis said 3 months prior.

EurAnalysis

well, you've got company. I've got 600 shares of DGLD.

EurAnalysis

HI Vt, sell?

EurAnalysis

Technically, I can make a really strong case that a top is in on cable. But something smells fishy, COT shows cable net shorts were added, euro net shorts were reduced. And if cable has found a top then euro will have to diverge to get above 1.3415, ...

The Club!

Well, the north has capital reserves, the south doesn't. Maybe Mario will send a raven to the Bundesbank with a note it's time to buy up more foreclosed land before he slashes rates. Heck, Bundesbank will start lending those reserves to the PIGS and ...

EURUSD

You see Drag-Ass going for a negative deposit rate?

EURUSD