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Contra's FX Journal
- Thread starter contra
- Start date
OH it looks like I missed some BS going on here which explains the movements.
SNB trading in their name sparked rumours that on tomorrow's anniversary of the floor they will raise it to 1.2200... lol.
also press leaks ECB will announce unlimited bond purchase program for S/T securities and will not claim superior status.
on aussie, an article from noted RBA watcher Mitchell stating that recent data leaves the door open for an RBA cut. real money bids reportedly lined up 0145/60 stops below.
this is gonna be good...
decent trends on crosses though past weeks.
SNB trading in their name sparked rumours that on tomorrow's anniversary of the floor they will raise it to 1.2200... lol.
also press leaks ECB will announce unlimited bond purchase program for S/T securities and will not claim superior status.
on aussie, an article from noted RBA watcher Mitchell stating that recent data leaves the door open for an RBA cut. real money bids reportedly lined up 0145/60 stops below.
this is gonna be good...
decent trends on crosses though past weeks.
where are they getting the info on stops?
Quote from contra:
OH it looks like I missed some BS going on here which explains the movements.
SNB trading in their name sparked rumours that on tomorrow's anniversary of the floor they will raise it to 1.2200... lol.
also press leaks ECB will announce unlimited bond purchase program for S/T securities and will not claim superior status.
on aussie, an article from noted RBA watcher Mitchell stating that recent data leaves the door open for an RBA cut. real money bids reportedly lined up 0145/60 stops below.
this is gonna be good...
decent trends on crosses though past weeks.
Quote from JuniorCTA:
where are they getting the info on stops?
I suppose they get it from bank desks or fund contacts they speak to and/or chart techs. I usually just get it from the charts, as you see thats the next daily low from July 13th then the July 12th daily low at 0100 which is also the 50% fib which is a big one. 50/60 fibs (daily/weekly) are good in my book. As you see, we hit just under the 0172 daily lows and under the 100DMA and reversed. better unemployment figures helped. nice trade btw.
also, "ACB" rumored up top in EUR/USD at 2620/40 and I have those exact s/r lines, well 2625 and 2642 on my oanda feed which has been capping. big TL comes in right above too.
Quote from atticus:
.997 on USDCAD this week.
fair call there, nice PA on that one. I'm not not huge on patterns, but something setting up on this pair. On the higher timeframe charts I usually take note. Do you care at all for them? if it breaks to the upside should definitely hit .997 atleast.