SolidSnake

SolidSnake

Im afraid we will stay like this until the end of March...

SolidSnake

In this Chart I want to put to you my views on what I think can be the 3 possible scenarios having in consideration these 3 macro economical actors that can play a decisive role in the direction of this pair. if you are investing, opening positions or you have positions already opened in this pair. You need to consider these actors in order to predict the...

SolidSnake

Today's closing price will be key to decide for monday , as price needs to close over the trend or below the trend line to draw investors in. bear in mind the fundamentals today should give you a MAAAASSIVE picture. (NONFARM PAYROLL)

SolidSnake

Hi All !!! As you know (if we have spoken) I am about to start my new trading year. ready to (hopefully) achieve my targets of 25% profits per month (although this may not always happens!) consistency and discipline is important in trading and even more if you are a home trader with a small capital. But Punctuality is even more important!! be there where you...

SolidSnake

Well.. doesnt need much explenation still we are all trying to work out the implications of FED/ECB relationship and their monetary policy but one thing seems like the USD is not giving up! making terrain across the majors today after the announcement could still TOO EARLY to call it and I am SOO! looking forward to hear from the CTF report next to see how...

SolidSnake Updated 

So the time is coming, this is the last chance for the FED to demonstrate that the US economy is strong enough to withhold an interest rate hike and continue to show improvements. there are many political and idealogical factors behind this decision and this is a worry to investors and speculators that think this rate hike should not go ahead and that is only...

SolidSnake

for my followers Ive been marking for a while the entries so learn the system and have a good trade! I will publish my findings soon

SolidSnake

a close of this candle in the green area = BUY a close of this candle int he RED area = SELL

SolidSnake

it doesnt need much explenations... we broke the yearly trendline last week and the next mega support trendline connects the lows of 2001-02 and hovers over 1,06 what do you guys think about it?

SolidSnake

as you can see in my comments, I think we are now in a situation where we could potentially experience 3 outcomes to this macroeconomic puzzle. Well now we have 3 possibilities 1) we start another rally up confirming the triangle and breaking to the up.. in that caseI can see ECB desperate in ecember increasing QE (25% chances) 2) we start plummeting, different...

SolidSnake

looking at some charts today I have seen a series of cycles that started apearing bfack in July...

SolidSnake

I have now removed the Cypher but its effects are clear since we bottomed at 1.12 we havent seen those levels for a couple of days and the pair is now kissing the mid term resistances of 1400 and 1450 (aprox) What I believe could be a mid shortlived bullish push until the high levels seen at the back end of september will be determined by the improvement of the...

SolidSnake

please see previous explenations on linked post

SolidSnake

Hi All! As I did back in August with the september meeting, I have decided to create a possibility of different Scenarios for the EURUSD pair for the month of December. I have outlined 3 scenarios based on the price range seen and recheable so far this year, this would give you a good idea of where to buy, sell or hold positions if you are thinking about trading...

SolidSnake

Did it this morning and its going to plan faster than I expected (SEE MY TWITTER) so I decided to publish it for now... awaiting for the pattern to be completed and I am going LONG for a long time! but I may take some shorties here on my way down to the 1050 area. so I quialify this as a LONG setup but there are some short positions on its way down...

SolidSnake

Still very neutral and awaiting the confrmation of an upward push or downward continuation of recent rejection of that 1,17 area. please read carefully the notes added and also the warning... these are turbulent times! Im now watching out for rupture of 1350 or 1100 to enter again (as long as this rupture is not produced by runours and empty speaches of any of...

SolidSnake

Right now there is too much going on, I recommend stay out for today and tomorrow (if you are lucky and dont have any positions) and see what gets confirmed for one side we have the up trend which is on wave 4/5 of elliot although its a bit too much retractment for my like (nothing that we havent seen before) if the pair can retake the 1,1471 then the 1,16-17...

SolidSnake

despite my latest bearish views and due to the recent rupture of the 1120 trendline resistance we could still see some Euro strengh from now on. If we dont go back below the 1100 area and we do this "soon" enough then Im afraid the euro strengh will be maintained even with a rate hike (as long as its below 0,25%). On the contrary, a rate hike over 0,25% (0,50%...