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Mysticforex
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Everything posted by Mysticforex
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The range last week was about 78 pips from high to low. We are certainly range bound. The standstill in the Ukraine continues as the Russian Army troops remain assembled at the Ukrainian border, taunting the West with their presence, and the secrecy of their mission. Increased sanctions are are supposed to be implemented on Monday. But how far will they go? Like you I am biased to the short side. We had a lower high on the Daily Charts last week. If 13775 gives way I would expect a retest of 13700. All in all, a lot of drama for 75 pips. I think I'll play with EUR/JPY this week.
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--------------------------------------------------------------------------------------------------------------------------------------- The recent rally in GBP/NZD found resistance right at the 38.2% Fibonacci retracement of the year to date highs and lows. With today’s reaction to the RBNZ rate decision, the currency pair retreated further. There is no major support until 1.9400, the 23.6% Fib retracement of the same move, which is also area where the currency pair found support in mid-March. We expect this level to be tested especially if UK retail sales miss.
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In his speech today Mr. Draghi once again reaffirmed the key policy points that he has been making for the past few months – namely that the central bank stands ready to use all tools at its disposal including negative interest rates and QE via purchases of asset backed securities in order to combat deflationary threats. However, as many analysts have pointed out those policy choice face many serious problems.
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--------------------------------------------------------------------------------------------------------------------------------------- Technically EUR/GBP enjoys triple bottom support at the 8150 level and further support at 8100, but a break through those levels opens up the prospect of a move towards the key 8000 figure, while only a move above 8250 relives the downside bias.
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Yes. They make great bait.
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Three nuns are talking. The first nun says, "I was cleaning in Father's room the other day and do you know what I found? A bunch of pornographic magazines." "What did you do?" the other nun asks. "Well, of course I threw them in the trash." The second nun says, "Well, I can top that. I was in Father's room putting away the laundry and I found a bunch of condoms!" "Oh my!" gasp the other nuns. "What did you do?" they ask. "I poked holes in all of them!" she replies. The third nun faints.
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With GBP/USD hovering near 4 year highs and USD/JPY quietly inching upwards, GBP/JPY rose to its strongest level in 2 weeks.
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In finance, dark pools of liquidity (also referred to as dark liquidity or simply dark pools or black pools) refers to private forums and exchanges for trading securities that is not openly available to the public.[1] [2] The bulk of dark pool trades represent large trades by financial institutions that are offered away from public exchanges like the New York Stock Exchange and the NASDAQ, so that such trades remain confidential and outside the purview of the general investing public.[3] The fragmentation of financial trading venues and electronic trading has allowed dark pools to be created, and they are normally accessed through crossing networks or directly among market participants via private contractual arrangements. To continue: Dark liquidity - Wikipedia, the free encyclopedia
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We have a new trading contest starting for the Month of May, 2014. Plenty of time for everyone to get involved. May 1st thru May 30th. https://fx2.oanda.com/mod_perl/fxcon...m=listContests Share
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The Most Interesting Women In The World ?
Mysticforex replied to Mysticforex's topic in General Discussion
Then of course another of my favorite's Charlize Theron . -
What Really Works for Technical Traders
Mysticforex replied to phantom's topic in Technical Analysis
Reminds me of the saying, " The Road To Hell Is Littered With Good Intentions". -
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Hi King, Apparently it comes down to weather you have MT4 build 5 or build 6. The indicator works with either one but is installed differently. First. Here is a YouTube link that walks you thru the install process for either build: The second problem is thar TL does not recognize .ex4 as a valid extention. If you PM me you email I will send you copies of both The Daily Pivots. and the newer Missed Daily Pivots. Also, here is what's going on recently with EUR/USD when it comes to missed pivots: The first missed pivot in the yellow box (Sundays) was missed to the down side and we deed indeed have downward movement. Monday's pivot was hit. In the second yell bow we have not YET hit the pivot. IF we don't I will expect further downward movement tommorow .
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Good day to you as well. Looking forward to it. -
--------------------------------------------------------------------------------------------------------------------------------------- It's worth a try, you could be right ... ... I get an "invalid file type" when I tr to use the ex4 suffix. Apparrently we need an mq4 extention. Try this, put it in the expert, indicator, folder . I took it out of my original download folder. Daily%2520Pivot%2520Points (1).mq4
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Same fo the Telegraph: The week end edition of the London Telegraph reported Draghi was speaking about the euro's value at a Saturday meeting of the IMF. The Telegraph reported: Draghi: ECB will unleash stimulus if euro strengthens further Central bank president says any additional strengthening of single currency would warrant non-standard measures such as quantitative easing. Further strengthening of the euro will prompt the European Central Bank (ECB) to launch a fresh wave of stimulus in order to maintain its loose policy stance and fight low inflation, its president has said. Mario Draghi said the single currency, which has appreciated by 14pc against the dollar since July 2012, had helped to push eurozone inflation down to a record low of 0.5pc in March. Mr Draghi added that any further strengthening would warrant further action by the ECB, including non-standard measures such as quantitative easing. However, Mr Draghi said the strength of the single currency had reduced eurozone inflation by between 0.4 and 0.5 percentage points. Inflation has dropped from 2.7pc in the first quarter of 2012 to a current level of just 0.5pc.
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My bad, it,s not supposed to be about trading.
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If you want to eliminate fear from your trading, just scale down your position so a loser is not the end of the world.
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We have a new trading contest starting for the Month of May, 2014. Plenty of time for everyone to get involved. May 1st thru May 30th. https://fx2.oanda.com/mod_perl/fxcontest/fxcontest.pl?rm=listContests
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If you want to know where the euro is headed, look to Texas. That’s the home of Prestige Economics LLC, the fewer-than-10-person researcher and consultancy that proved to be the most-accurate forecaster of the euro-dollar pair last quarter among more than 50 firms worldwide in data compiled by Bloomberg. Prestige was also No. 1 for the pound-dollar and dollar-Swiss franc, while coming in at No. 2 for euro-yen. Texan Discovers Key to Euro Going Against Consensus: Currencies - Bloomberg
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Taking a look at the daily chart of AUD/JPY, 95 is clearly a significant short term support level for the pair. However if this level is broken, 94.25 becomes the more significant level because this was a former resistance point. Resistance on the other hand is at the April high of 96.50.
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Introduce Yourself Here - Don't Be Shy!!
Mysticforex replied to trading4life's topic in Beginners Forum
Hi NSE, Welcome to Traderslaboratory. Hope you find what you are looking for. Don't be shy and don't be afraid to ask questions. -
-------------------------------------------------------------------------------------------------------------------------------------- Try this. and of course repeat all the above steps. http://www.traderslaboratory.com/forums/trading-indicators/9336-mt4-indicators-4.html#post191608