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Unexpected strong EURUSD movement on Friday (14 Oct)

15Nov2014
Unexpected strong EURUSD movement at the end of Friday (14 Oct)
Here I want to explain my point of view on it,
1. What about the news "Michigan Consumer Sentiment (Nov)" acctually it was better then before - 89.4 points. But I assume the tactics of big players to move the EURUSD pair against the market accumulated shorts to cause massive stop outs of bears on a weak Friday's market. The news could work as a trigger only to stop out some players and to start accumulating LONG positio
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Convallium avatar

Very informative! thanks)

FG_Trading avatar

Thank you Convallium. Information ! I found that when you open the image via post link you can hardly see my H4, daily timelines. Please visit my Gallery and find updated image there...

Convallium avatar

ok) I like your thought- Forex is a simple geometry)

MobNaga avatar
MobNaga 16 nov

btw, why blue color text on black back color. It not kind to my junk eyes :))

FG_Trading avatar

I tried to save your eyes my friend, black background color is better for your good eyes, I think.... :-)
And more, still preparing my answer to your good job (Open Time in 484820ordersland) this article. I will let you know when ready :-)))

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Today's US Nonfarm Payrolls (Oct) will work like a trigger

What I predicted happened. Today's US Nonfarm Payrolls (Oct) will work like a trigger (my private opinion), although by my calcs trend reversal (correction) is to be close to the end of this month for major pairs, but for USDCAN exactly at this day ! And USDX has more chances not to brake 87.50 (see my previous posts) even on a weekly basis. Bears pressure is weakening. Everything by plan, gentlemen !
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This month seems to be very important

This month seems to be very important. We should show possible bottom / high for reverse this month, otherwise will continue to decline. EURUSD still can hit 1.2270, GBPUSD - 1.5750. Most pairs show highs/lows close to the end of month (3rd or 4th week), USDX next levels 88.50, 90.33. Until we close this month it's early to confirm breakthrough of 87.50 (USDX). Tomorrow last day for options expiration, reverse movement for pairs is expected, good chance to minimize the loss, if any. Follow your …
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USDX. Let's see the monthly graph.

USDX. Monthly graph.
1. We are wading via strong SMA (165)
2. FIbo 423.6 level reached and not broken yet (see grey fibo extended fm 78.91 )
3. Price out of my SL (signal line) - higher in this case at completed period ( 1st period -"cycle" )
4. I consider 1st cycle of monthly USDX vibration finished last month (October2014). So, by my Trading System ( further as "TS" ) next monthly candlestick I am looking for opposite order
5. I consider that the price can move upto SMA (220) but next per…
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Quick signal, USDX is about to reverse

Now I give a quick signal, explanation later. USDX (US dollar index) is about to reverse. That's why EURUSD, GBPUSD, NZDUSD, AUDUSD start seaching for buy good ENTRY. Folllow your MM, Good Luck !
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