Good morning thread. Could be a lazy trading day today. The fireworks are scheduled to start in around 48 hours

The Club!

I hope you told him to come back next week.

EurAnalysis

Got a 4hr outside reversal. Hourly close below 1.3250 opens the door to 1.3180.

EurAnalysis

Are you trading "to the pip style" now? I kid, I kid

The Club!

Few comments about your scenario Infinitus: 1. Whether it occurs because of an extended wave iii (your scenario) or an extended wave v (my possible scenario), a move just above 1.3415 (the 100% fib expansion) is becoming more and more likely. 2. I ...

The Club!

Hi Infinitus, It's not even 5 am and I'm sitting in my office working on my first cup of java. Any chance you have a chart to help me reconcile your scenario? I am starting to think a move into the mid 1.34's before reversing makes sense because it ...

The Club!

Morning, My euro count. Wave v has filled 61.8 of wave i & iii (185 pips). I'd need to see an hourly close below wave iii highest close @ 1.3250 before I'd entertain thoughts of this POS finally topping out. 100% wave v target @ 1.3350 is at risk ...

The Club!

I've got 1.3350 as both 100% wave 5 target and descending TL. A stop run to 1.3465 on a wave extension would be my last line of defense.

EurAnalysis

Ok. I've gotten accustomed to using fib expansions off wave A. Just trying to verify if that's something others do, or not.

The Club!

General EW question open to anyone: In an ABC correction, what are acceptable size variances? i.e. If wave A measures 550 pips, how close should wave C be in length? I'm curious what some different interpretations will be. Thanks

The Club!

Stopped out -13, serves me right for getting cocky.

EurAnalysis

Added a new sell on cable @ 1.5335. Super sized

EurAnalysis

I don't see cable getting above 1.5345, but that's just me.

EurAnalysis

Hi Pt, Great points. And another to keep in mind is that with the reduced leverage in the markets as well as the other options for funding currencies, the yen carry trade is not the defining force that it once was. There will be liquidation days ...

EurAnalysis

Yeah, I like usd/jpy longs at these levels too.

EurAnalysis

Long usd.jpy around 99.80 has a nice R:R...

The Club!

I did but I'm already in euro, cable and yen swing shorts. G'morning thread

The Club!

Wowzers. Then I really do wonder how much Rogers lost. Last I heard he was uber bullish on ags. Was it unique to soybeans or did the entire ag space get hammered? Never mind, I found an article listing the damage.

EurAnalysis

Am I reading the prices on that chart correctly, did soybeans lose approximately HALF (47%) of it's per bushel value in a day?

EurAnalysis