Sell Eur/Usd

[peteuk]

Originally Posted by Yardbird

What would you pay for their signals?

Hi Yardbird

How much would I pay? Me personally, nothing because I make my own trading decisions and take the blame (and occasional credit!) for everything I do with trading.

It wasn't FXsurfer making the calls though it was another person, perhaps he was not even part of the business. I found his manner, and approach to trading, quite abrasive and brash whereas FXsurfer seems to be more relaxed and in control of what he's doing. He did actually pop in earlier and was candid enough to say he was in no-man's land as far as eur/usd and did not suggest a trade.

Two days does not mean very much I know but the overall impression I got was how unprofessional the whole thing seemed to be and I couldn't imagine how anyone could concentrate with all that noise going on around them! The incessant nonsensical chat would be too distracting and the juvenile flexing of muscles by bouncing anyone who dared to stray into the room was embarrassing and unnecessary.

As far as paying for the service I don't doubt there will be people who will subscribe but how much benefit it will be to them remains to be seen. I've found the revenue generated from services like that does not adequately compensate the provider, profitable traders can yield far more by actually trading rather than bothering with selling trading signals for a few hundred dollars. Revenue is usually limited anyway as people club together and share the signals or some enterprising individual subscribes and then rebroadcasts them as a paid-for service under his own name, it's happened before.

Each to their own I suppose but it wouldn't really be my idea of a relaxed days trading.

In all fairness let's not start a discussion on the subject here as this is Iris's thread, perhaps if we need to go into it further we could start a new thread?

[Yardbird]

You make good points Pet.

No-I mean't that rhetorically.
Yes, Let's keep Iris as an Iris even Van Gogh couldn't visualize.

That scene over there is a public hell hole.
Got to be thick skinned to deal with it.

Noble efforts to any and all who deliver daily calls and signals for free, however. Enjoy it while it lasts.
Never will take that kind of work for granted.

cable and Euro longs looking good Mr. I.

On board as I hope you are too Pet.

YB

[Iris]

Hello Pete...Yardbird...Pqt...Everyone......

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

Thanks Pete...the MPC's Bean dropped a hint pre-FOMC in London...along with the BOE/ECB hike campaign to continue with a FED pause...with the Yuan/Yen appreciation called for by G7 as Crude Oil met OPEC's production cut and stock pile draws to Reverse the Crude Oil/ USDollar dynamic...the Real Fundamental underpinnings that the Market tends to not take into a combined consideration as they are Priced into Technical levels. Data/Statements are Facts...News are old Opinions dilluted by Fact.

Just the Facts Ole Boy...just the Facts.

Yes, Let's keep Iris as an Iris even Van Gogh couldn't visualize.

Thanks also Yardbird...The Market attempts to make abstract the Facts...all the while Positioning within them. When we See this Fundamental...the Technical becomes reasonably absolute thus providing optimal RR Entry thru Fast Breakeven/Profit Positioning onto Targets. Directional moves via MM thru Zone Positioning. Positions in the multi-pair hedge I use and those familar with it in Cable<>Euro<>Swiss<>Aussie<>Yen<>Canadian have done extremely well again this week...for which I've only posted thus far this week on Euro/Canadian against the USDollar which are in three digit returns currently. That Crude Oil/USDollar dynamic is alive and well as Central Banks manuever thru their data flows.

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.

The Euro advances to a current High @ 1.2673 building a sizable 1st/2nd Euro Buy Position...a North break @ 1.2680 will Target 1.27<>1.2720 with the 1.2637/42 Weekly 618 FIB Fractal the Support build and advance/decline point.

Euro North break @ 1.2680 off 1.2637/42 is the Zone to Targets.

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

The 1st/2nd/3rd Usd/Cad Sell Zones are activated with a current High @ 1.1307...our 2nd Sell @ 1.1285 was Stopped @ Breakeven/Profit on the decline to 1.1223 to advance North to 1.1307 today and we have climbed aboard 2nd/3rd Usd/Cad Sell Zones once again with the initial 1st Sell @ 1.1410 to Targets.

A Usd/Cad South break @ 1.1250 will Target 1.1225<>1.1210<>1.12 were a South break @ 1.12 onto 1.1180 will be attempted.

IRIS FX

[Iris]

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

Let's Watch a Swiss South break @ 1.2550/47 to catapolt the Euro thru 1.2680 onto 1.2700<>1.2720...further strengthening the USDollar Bears.

Swiss South test/break for 1.2550/47 is Positioning.

IRIS FX

[pqt]

Usd/Cad is a scalper haven the last few days. Almost 100pips each way Those with a strong stomach should have enjoyed that wild ride.
With oil&commodities prices gyrating like they are doing currently, "staying nimble" is the name of the game

[Iris]

Hello Pqt...Everyone....

Pqt...that it has...what's important is Positioning off the Major turns as that is where the large gains are made.

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

The 1st/2nd/3rd Usd/Cad Sell Zones are activated with a current High @ 1.1307...our 2nd Sell @ 1.1285 was Stopped @ Breakeven/Profit on the decline to 1.1223 to advance North to 1.1307 today and we have climbed aboard 2nd/3rd Usd/Cad Sell Zones once again with the initial 1st Sell @ 1.1410 to Targets.

A Usd/Cad South break @ 1.1250 will Target 1.1225<>1.1210<>1.12 were a South break @ 1.12 onto 1.1180 will be attempted.

Usd/Cad Reverses off the 1.1307 High to a current Low @ 1.1236.

1st/2nd/3rd Usd/Cad Sell Zones building sizable gains...next decline tests @ 1.1225<>1.1210<>1.1200 where we will see if a South break @ 1.1200 onto 1.1180 is Positioned for Targets.

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

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.

The Euro advances to a current High @ 1.2673 building a sizable 1st/2nd Euro Buy Position...a North break @ 1.2680 will Target 1.27<>1.2720 with the 1.2637/42 Weekly 618 FIB Fractal the Support build and advance/decline point.

Euro North break @ 1.2680 off 1.2637/42 is the Zone to Targets.

The Euro is knocking on the door of 1.27 with a current High @ 1.2699 with a Swiss South break @ 1.2525 opening the Euro 1.27+ door.

Targets @ 1.2700<>1.2710<>1.2720

IRIS FX