Scout Sniper Basic Field Guide - InnerCircleTrader
- Thread starter TheInnerCircleTrader
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GdayFx said:Is opportunity knocking? Looking for a sell set up
Note - have you ever noticed on any chart, how price dances around weekly open levels, 1 week either side of a monthly close & open!
oke:
It is knocking. You answer. Opportunity asked if Kathy is home. You have no idea who Kathy is, and tell Opportunity he has the wrong house. Opportunity leaves disappointed.
--
Kidding aside, I don't think I've ever traded the Peso.. you have much luck with it? Looks like it profiles nicely, so I might dig deeper.
Never traded the Peso before, i have been analysing USD pairs, they seem to be turning bearish soon, while some popular EUR pairs are still bullish, i am long EURAUD atm, EURJPY just exploded to, i wonder if EURUSD will climb like a train or not before months end
Jack said:
EURNZD could possibly be a sizable move to the upside 3000 pips :twitch:
Also have a look at a weekly chart EURAUD then look at EURNZD again,
Kiwi all round is becoming weak i think, and not just that EURNZD has broken through the previous months highs and lows, indicating a market reversal maybe? indicators are looking hot to, so who's got some fundamentals for us??? ive done my bit! lets go guys pick up that shovel!
Also have a look at a weekly chart EURAUD then look at EURNZD again,
Kiwi all round is becoming weak i think, and not just that EURNZD has broken through the previous months highs and lows, indicating a market reversal maybe? indicators are looking hot to, so who's got some fundamentals for us??? ive done my bit! lets go guys pick up that shovel!
3 Indians? See the last 3 monthly divergence peaks in the S&P 500 ? Elliottwave Int, for the past couple of years have been building up a model, that could prove this market will have its biggest market crash in history, starting ??
Its quite extraordinary really, what they have as facts
Its quite extraordinary really, what they have as facts
Y'a me. But that changed in January. He, he. Still quite a bit challenging for the moment on added pairs... Each week looking brighter though. Euro still solid.Jack said:
I believe in trading one pair to start and learning it as much as possible for Daytrading. Hey, maybe I am just slow.
If GdayFX has an “inborn nack” for applying things to many pairs/instruments, mid and longer term, and getting returns, it’s fantastic. Best of luck.Cheers!
GdayFx said:
There's a lot of people calling for a big move down on US markets. And while I don't want to sidetrack this thread with the details, I will say that until the Fed signals tapering and comes up with a plan to deal with their inflated balance sheet, we should just expect more of the same..
I don't know many people who got rich fighting the fed.
That is of course, if the US gets there budget and debt ceiling sorted out next week. If not, there might be some short term issues, but nothing that won't recover once spending resumes.
Hyper inflation, the world cant keep existing on credit, Detroit bankrupt and more to come, income amounts are less. more bread lines will arise in the states, the fed has already failed possibly, the market is riding on peak confidence i think personally. Physcology will change? I am definitely no economist, i tend to look at the basics a lot, to determine my own views right or wrong. I am not against anybodies views on there market perspectives, i like working with people, not against.
The states is such a diverse country as it has proven, and still proving to be for the long term. small business will thrive, thanks for the feedback Jack, i like it!
The states is such a diverse country as it has proven, and still proving to be for the long term. small business will thrive, thanks for the feedback Jack, i like it!
Jack said:There's a lot of people calling for a big move down on US markets. And while I don't want to sidetrack this thread with the details, I will say that until the Fed signals tapering and comes up with a plan to deal with their inflated balance sheet, we should just expect more of the same..
I don't know many people who got rich fighting the fed.
That is of course, if the US gets there budget and debt ceiling sorted out next week. If not, there might be some short term issues, but nothing that won't recover once spending resumes.
I am definitely narrowing down my concentration onto EURNZD now, i will upload a couple of charts later, i am looking for some days and a weeks higher highs, then it could be game on. one technical thing i like about it is, there is like a reverse triangle shape consolidation which has broken to the down side. ICT talks about quite consolidations acting like springs! this could be one of those moments with any luck, you can only see the consolidation on a weekly chart. will work on the chart set up i am looking at for viewing only. its not a trade signal! wait, watch, wait a bit more, load gun, fire! Lol you got any Gun smileys Jack!
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Piper
Guest
Wheres our video? anybody heard something?
anybody heard something?What did pound do this year? It broke 2011 2012 lows, what about the highs? 2011 2012 highs are not that far away, Liquidity hit? if pound backs off into next month, will it continue its weekly swing long, into & above those highs? hmmm it is very possible considering pound could be setting up a bigger picture longer term lows. What do you think of my yearly candle idea? have you ever seen this before... note pound hit 2013 high today
note pound hit 2013 high todayAttachments
GdayFx said:End of the month, be careful pip heads!
Yes, US budget and debt ceiling issues combined with month and quarter end...
http://www.bloomberg.com/news/2013-09-29/government-shutdown-1-day-away-as-deal-evades-lawmakers.html
NYC session on Monday or the Asian session following might get interesting.
GdayFx said:End of the month, be careful pip heads!
"If non-US investors hedge their USD exposure but
US investors do not reciprocate, the dollar will be sold at
month-end if US markets rallied, and it will be bought if markets
fell."
The above quote is from "The technical Analyst" (Mar 2010) - the article referring to a study completed over 4 preceding years, article here:
http://www.mta.org/eweb/docs/pdfs/10-apr-tamag/tamag-intraday.pdf
The main point for me is not to trade the USD against the flows, so for example the S&P having been up over this past month, there is no way I would buy the USD today.
Peterma said:
Have they hedged? who knows. All I know is there has been change in the futures COT, the 30 year bond is looking its age, and theres bullish yield divergence suggesting a stronger dollar, but what do buyers of 30 year bonds know eh?!
BTW, have you seen the film "Hunt for Red October"? lol
P
Piper
Guest
Peterma said:
Lol, wonder how he knows that? Hes also a market wizard with a crystal ball?He should rename the magazine to technical prophet or something.. >
Very nice of him to explain that when ppl sell, the markets are going down, its can be described as ppl are selling stocks and buying USD..So he stating that if ppl will buy, then the price will be higher?!Really?! Great insight.. ) Arrgh these financial forecasts of market mavens..Peterma said:
In my opinion, its simply smart, and this statement alone worth tenfold then the article that you posted.