Dax in the Evening

[Oscar Reed]

Don't blush baby DAX

Still down for 2016

 

[Oscar Reed]

Over nighters missed.
Need to re load lower on Thursday.
Still chasing missing dollars for 2016.

 

[Oscar Reed]

F*** knows what it all means.
But it's making things go bump in the night.

People's Bank of China reference rate set for the day for the USD/CNY • yesterday's close was 6.5555 • yesterday's mid point was set at 6.5314PBOC to inject 70bn yuan via 7-day reverse repos today 190bn net injection this week (60 bn yuan drain last week) ... largest net weekly injection since February of 2015 - Another big weakening for the yuan from the People’s Bank of China - down more than 0.5% today AUD and NZD lower, as is USD/JPY .... thus AUD and NZd / yen crosses smashed - Added .... CNY-CNH spread widens again. - The USD/CNY mid-points setting, past 6 months:

 

[Oscar Reed]

 

[counter_violent]

F*** knows what it all means.
But it's making things go bump in the night.

People's Bank of China reference rate set for the day for the USD/CNY • yesterday's close was 6.5555 • yesterday's mid point was set at 6.5314PBOC to inject 70bn yuan via 7-day reverse repos today 190bn net injection this week (60 bn yuan drain last week) ... largest net weekly injection since February of 2015 - Another big weakening for the yuan from the People’s Bank of China - down more than 0.5% today AUD and NZD lower, as is USD/JPY .... thus AUD and NZd / yen crosses smashed - Added .... CNY-CNH spread widens again. - The USD/CNY mid-points setting, past 6 months:

Well !

China deliberately weakening yuan so as to give exporters a leg up....flog more stuff abroad again to make up for weaker internal demand, which is where they wanted to get away from....old habits die hard eh. Meanwhile, China introduces stock market circuit breakers (to halt the slide you understand) which are immediately interpreted as targets for all the sellers (guaranteed money right) lol

It would seem that the Chinese are no better at meddling than any other government !

HNY arty:

 

[Oscar Reed]

Tempting to buy the DAX at the futures open.
But low liquidity could drive it straight down to 9,913 area
IG currently 10038

Market's looked strong into the close looked like could have a bit of a relief today in Europe.
But then China done it's thing.

Wonder how those tight stop boys go on days like this.

http://www.thebull.com.au/articles/a/57560-china:-devaluation-and-limit-lockdown.html

 

[tar]

Wonder how those tight stop boys go on days like this.

It doesn't work with fading , may be done with breakouts though , tricky ...

 

[Oscar Reed]

It doesn't work with fading , may be done with breakouts though , tricky ...

You need one of these.

 

[counter_violent]

You need one of these.

Ah, the old pinpoint timing entry chart regardless of sudden volatility and planned and unplanned news events.

 

[darktone]

Wonder how those tight stop boys go on days like this.

Ding ding ringer SCHLIIIIIP ding

 

[tar]

Tight stops work better with high volatility - no fading - , the lower the volatility the wider the stop a stop is not even needed if the volatility is very low ...

 

[counter_violent]

Expecting a rout in Asia....oh and the breakers are gone so could be fat tail.

Ya never know though....govt might try buying it up.

 

[MajorMagnuM]

Ah, the old pinpoint timing entry chart regardless of sudden volatility and planned and unplanned news events.

http://www.trade2win.com/boards/forex/212488-what-your-strike-rate-over-100-trades.html
achieved using small stops as per method you all referring to

 

[Oscar Reed]

http://www.trade2win.com/boards/forex/212488-what-your-strike-rate-over-100-trades.html
achieved using small stops as per method you all referring to

Well done Magic M
Always happy to see your results.

It's bounce day. can the DAX reclaim 10,000
Guess we won't see the English FTSE at 10,000

And move closer to 14,1000 this year.

 

[Oscar Reed]

Where we going to find the sellers, where we are now.

Then 10,130/50 area.

If we get the volume buyers build should be a free run there after 10,050

Should add if we don't hold look for 9880 to come into play.

 

[Oscar Reed]

First rejection of 10.050 area

10.000 area well defended early.

 

[Oscar Reed]

Back square for the year.

 

[Oscar Reed]

 

[Oscar Reed]

Bit of variance in price today with market makers and direct.
Don't see that much these days.
What should one do.:whistling

 

[Oscar Reed]

Markets back in sink.

Variance got out to about 25 a couple of times.

My trading is slack today, booked a good winner early.

And did not go on with it.