Sell Eur/Usd

[Iris]

Hello Everyone.......

1st Usd/Cad Sell Zone @ 1.1385<>1.1410
2nd Usd/Cad Sell Zone @ 1.1425<>1.1450

Targets @ 1.1330<>1.1300<>1.1250

Usd/Cad has an extension of its Targets with a current Low @ 1.1250 as this move continues its decline from 1.1410 and staying onboard to the next Target Zones.

Updated Targets @ 1.1250<>1.1230<>1.1210<>1.1180

Usd/Cad current Low @ 1.1206...we want to see a North containment @ 1.1220/30 for a South test/break @ 1.1200 onto 1.1180 with a potential Target Exit within 1.1180<>1.1150.

The Usd/Cad has built a sizable Sell Position from 1.1410 to a current Low @ 1.1203 to Close @ 1.1249...flucuating within 160+<>200+ pips...and still holding into the Open for which I will look to add further Sell's for a South break @ 1.1200 as this Sell Position has excellent RR and has hit our initial Target @ 1.1250 to test 1.1200.

I will add a 2nd Usd/Cad Sell Zone @ 1.1285<>1.1270 and still holding the 1st Usd/Cad Sell @ 1.1410 to Targets......

1st Usd/Cad Sell Zone @ 1.1410<>1.1385
2nd Usd/Cad Sell Zone @ 1.1285<>1.1265

Targets @ 1.1250<>1.1200<>1.1180<>1.1150

IRIS FX

[Iris]

Hello Everyone...........

We are Stopped in the Euro @ 1.2570 and we will Re-Position lower into another 1st Euro Buy Zone @ 1.2540<>1.2555 to build into a 2nd Euro Buy Zone @ 1.2575<>1.2590....

1st Euro Buy Zone @ 1.2540<>1.2555
2nd Euro Buy zone @ 1.2575<>1.2590

Targeting @ 1.2600<>1.2655<>1.2700/10

Euro Low @ 1.2526 then maintains the 1st Euro Buy @ 1.2540 since yesterday early New York Session to advance currently with the High @ 1.2576 and a retest underway Asian Session. North breaks @ 1.2578/84 will begin to trigger stops onto 1.26<>1.2610 with 1.2550 firming.

We have FOMC tomorrow and the Euro is off the Lows of the 1.2979<>1.2480/56 Range since April 06...a rejection of the Euro Lows @ 1.2480/56 with a move North back to the LTRZ @ 1.2755<>1.2785 will be significant off a test of this 6+month Range Lows... and only a South break @ 1.25<>1.2480/56 will Technically weaken the Euro at this stage to begin to collapse this current Range South.

The Euro is Positioning for after FOMC...the question is will the FOMC statement be hawkish USD...or a dove as it pertains to US growth via containing Inflation and no FED hikes until US GDP rebounds on stronger data? And with the MPC's Economist today for the Bank of England stating that the USDollar needs to weaken to solve its structural deficiencies and induce stronger Global growth...we may have the answer to the Market already...and early.

IRIS FX

[Iris]

Hello Everyone.........

1st Euro Buy Zone @ 1.2540<>1.2555
2nd Euro Buy zone @ 1.2575<>1.2590

Targeting @ 1.2600<>1.2655<>1.2700/10

Euro Low @ 1.2526 then maintains the 1st Euro Buy @ 1.2540 since yesterday early New York Session to advance currently with the High @ 1.2576 and a retest underway Asian Session. North breaks @ 1.2578/84 will begin to trigger stops onto 1.26<>1.2610 with 1.2550 firming.

We have FOMC tomorrow and the Euro is off the Lows of the 1.2979<>1.2480/56 Range since April 06...a rejection of the Euro Lows @ 1.2480/56 with a move North back to the LTRZ @ 1.2755<>1.2785 will be significant off a test of this 6+month Range Lows... and only a South break @ 1.25<>1.2480/56 will Technically weaken the Euro at this stage to begin to collapse this current Range South.

The Euro is Positioning for after FOMC...the question is will the FOMC statement be hawkish USD...or a dove as it pertains to US growth via containing Inflation and no FED hikes until US GDP rebounds on stronger data? And with the MPC's Economist today for the Bank of England stating that the USDollar needs to weaken to solve its structural deficiencies and induce stronger Global growth...we may have the answer to the Market already...and early.

The Euro inches North to a current High @ 1.2590 with the next advance/stop triggers @ 1.2595 for a North advance onto 1.2600/10<>1.2620 as the Market has moved North pre-FOMC and is under a test/break of 618FIB Resistance currently of the 1.2642<>1.2483 Range.

IRIS FX

[Iris]

Hello Everyone.........

The Usd/Cad has built a sizable Sell Position from 1.1410 to a current Low @ 1.1203 to Close @ 1.1249...flucuating within 160+<>200+ pips...and still holding into the Open for which I will look to add further Sell's for a South break @ 1.1200 as this Sell Position has excellent RR and has hit our initial Target @ 1.1250 to test 1.1200.

I will add a 2nd Usd/Cad Sell Zone @ 1.1285<>1.1270 and still holding the 1st Usd/Cad Sell @ 1.1410 to Targets......

1st Usd/Cad Sell Zone @ 1.1410<>1.1385
2nd Usd/Cad Sell Zone @ 1.1285<>1.1265

Targets @ 1.1250<>1.1200<>1.1180<>1.1150

The Usd/Cad 1st/2nd Sell Zones are activated and if we get another push North I will add a 3rd Usd/Cad Sell Zone @ 1.1295<>1.1315 onto Targets.

1st Usd/Cad Sell Zone @ 1.1410<>1.1385
2nd Usd/Cad Sell Zone @ 1.1285<>1.1265
3rd Usd/Cad Sell Zone @ 1.1295<>1.1315

Targets @ 1.1250<>1.1200<>1.1180<>1.1150

IRIS FX

[Iris]

Hello Everyone.........

1st Euro Buy Zone @ 1.2540<>1.2555
2nd Euro Buy zone @ 1.2575<>1.2590

Targeting @ 1.2600<>1.2655<>1.2700/10

Euro Low @ 1.2526 then maintains the 1st Euro Buy @ 1.2540 since yesterday early New York Session to advance currently with the High @ 1.2576 and a retest underway Asian Session. North breaks @ 1.2578/84 will begin to trigger stops onto 1.26<>1.2610 with 1.2550 firming.

We have FOMC tomorrow and the Euro is off the Lows of the 1.2979<>1.2480/56 Range since April 06...a rejection of the Euro Lows @ 1.2480/56 with a move North back to the LTRZ @ 1.2755<>1.2785 will be significant off a test of this 6+month Range Lows... and only a South break @ 1.25<>1.2480/56 will Technically weaken the Euro at this stage to begin to collapse this current Range South.

The Euro is Positioning for after FOMC...the question is will the FOMC statement be hawkish USD...or a dove as it pertains to US growth via containing Inflation and no FED hikes until US GDP rebounds on stronger data? And with the MPC's Economist today for the Bank of England stating that the USDollar needs to weaken to solve its structural deficiencies and induce stronger Global growth...we may have the answer to the Market already...and early.

The Euro inches North to a current High @ 1.2590 with the next advance/stop triggers @ 1.2595 for a North advance onto 1.2600/10<>1.2620 as the Market has moved North pre-FOMC and is under a test/break of 618FIB Resistance currently of the 1.2642<>1.2483 Range.

1st/2nd Euro Buy Zones @ 1.2540<>1.2575 are activated on the FOMC release with a current High @ 1.2620...the Weekly 618FIB Fractal @ 1.2637<>1.2642 that I spoke of earlier in the week now becomes an important trajectory point for the Euro with 1st Resistance @ 1.2655 Key to a North break higher...let's watch 1.2625 onto 1.2637/42 to Resistance @ 1.2655 to Open the door further North onto 1.27+ in upcoming days.

IRIS FX

[peteuk]

Great work Iris! So cool, calm, and calculated, very nicely done.

The other side of the coin is what I saw going on in a chat room yesterday and today. Trying to pick tops on cable is a thankless task at the best of times and yesterday was no exception. These people were scurrying around like headless chickens in blind panic, "short @ 1.8695 stop @ 1.8740" cried the caller. 45 pips loss was the result but no sooner had that trade been stopped out than along came the next call just seconds later, also destined for failure. "short @ 1.8746 stop @ 1.8764", another losing trade and the caller gracefully gave up and went away scratching his head mumbling something about not understanding where he had gone wrong. Total: -63

But today he was forgiven by all, a 6 pips scalp with a 32 pip stop and a 3 pips lucky shot produced jubilant cries of "we win again!!" and he was back in everyone's good books, ace trader! Luckily for those planning on selling these signals no one noticed that -63 and +9 is actually a loss.

And all this interspersed with jovial chat about unrelated subjects (the moderators do not allow anyone else to talk about currencies), not forgetting the occasional casual passer-by who popped in to his local chat room looking for a hot date, the whole effort was a total farce from beginning to end.


Anyway back to serious trading, it looks like the FOMC have put the first nail in, dollar bulls are discretely taking to the sidelines to rethink their bias. Better late than never!


Good trading Iris!

[Yardbird]

Actually Pet. what you reveal is rather inaccurate.

The FXsurfer room you refer to indeed tried picking tops, fighting the north move in here and there was some losing trades. But due to excellent MM (Surfer & Co, are well known here for that) the overall tally in truth was positive.
Simple arithmatic shows that.
Agreed-- to me gains from the long side are prefered the last day or two.
Yet cable south from Friday's high into today's low --wasn't exactly shabby for the shorters.

Gosh Dang, wouldn't it be grand to not take sides, biases, or negative chastisements towards either of these two excellent traders.
Both represent cogent and well argued points of view.

My friend Iris would surely agree on the wasted energy to pit one against the other.

Wouldn't it be fabulous to utilize the best of both schools and be open enough and nimble enough to incorporate your own outlooks and win from the short and the long side.

Think the standard terminology is buy low and sell high.

The key is the MM. As some wisely see.
What Surfer & Co at the very least prove is that one can build an acct. despite fighting a move. Keeping losses small and be involved in many or most worthy trades to score well when direction does favor their analyses.

Iris has his strengths and has no need to prove if his approach is better.
It simply works for him as does FxSurfer's for him.

My applause goes to both. And they are both fine winners in my book.
And deserve to market and build a following thru free enterprise.

I'm looking for USD weakness for another day or two BTW.

Imagine if Iris and Surfer actually collaborated.
What would you pay for their signals?
I'm very grateful to have met and traded with both of these classy gentlemen

YB

[pqt]

Originally Posted by Yardbird

Actually Pet. what you reveal is rather inaccurate.

The FXsurfer room you refer to indeed tried picking tops, fighting the north move in here and there was some losing trades. But due to excellent MM (Surfer & Co, are well known here for that) the overall tally in truth was positive.
Simple arithmatic shows that.
Agreed-- to me gains from the long side are prefered the last day or two.
Yet cable south from Friday's high into today's low --wasn't exactly shabby for the shorters.

Gosh Dang, wouldn't it be grand to not take sides, biases, or negative chastisements towards either of these two excellent traders.
Both represent cogent and well argued points of view.

My friend Iris would surely agree on the wasted energy to pit one against the other.

Wouldn't it be fabulous to utilize the best of both schools and be open enough and nimble enough to incorporate your own outlooks and win from the short and the long side.

Think the standard terminology is buy low and sell high.

The key is the MM. As some wisely see.
What Surfer & Co at the very least prove is that one can build an acct. despite fighting a move. Keeping losses small and be involved in many or most worthy trades to score well when direction does favor their analyses.

Iris has his strengths and has no need to prove if his approach is better.
It simply works for him as does FxSurfer's for him.

My applause goes to both. And they are both fine winners in my book.
And deserve to market and build a following thru free enterprise.

I'm looking for USD weakness for another day or two BTW.

Imagine if Iris and Surfer actually collaborated.
What would you pay for their signals?
I'm very grateful to have met and traded with both of these classy gentlemen

YB

Amen.

(I didn't know it's forbidden to post too short a message in this forum! )