Caseynotes

The H4 chart is quite a good one for medium term trades lasting 2 or 3 days so not really day trading and the stops are not so big as to be weighing too heavily on the account. Not sure who these 'sharks' are what you mention, of far greater concern to you should be all the bs'ers.

In all honesty trading on weekly and monthly charts is best left to hedge fund managers. On the H4 you've got 3 x failures at 110.030 then a failure at the pivot, I'd be looking lower rather than higher at least until there was a breakout past such strong resistance.

All red now, BTC stabilised and ranging between 7080 and 7331. Either, Ripple, Neo and Stellar down around 8%.

They said they would act so they will have to do something but what and when. Most of China's debt is in USD so it's getting more expensive and also a history of capital flight when the Yuan weakens to these levels.

Went for the test of support, both now trying to bounce back up.

Everything gone a bit quiet, China's PBOC statement about the Yuan this morning (see 'something interesting' thread) has caused uncertainty.

China composite continues down;

Looking to the future I've got that covered, no surprises there;

Sources: PBOC will not let the Yuan weaken past 7.00 per Dollar - Reuters

Dow looking lower for support but dax not following down, holding out for as long as possible waiting for dow to turn up a sign dax really wants to go higher.

Can't trade everything @dmedin but no matter what you do trade you always need to know what gold is doing.

Red across the board this morning, BTC down 483 points, 6.28%.

BTC rupture last few hours, down to 6523 now back up to 7200. H1 chart;

Ftse similar to dow and resting on the pivot looking to bounce up. M30 chart;

Looking for a dow bounce up off the pivot and dax to follow, failing that then a retest of support, 25723 for dow and the pivot for dax. M30 charts;

USDCNH is flying up to key resistance could mean Govt interventions coming or are they going to let it go through 70000? Weekly chart;

The indices are look to reset to the daily pivot support to try to launch another bounce up. Nothing much on the calendar today but may see end of week flows out of longs later in the day.

Very much back to risk on today, Dow up, dollar up, oil up, bonds down and gold heading back to 1280.

Yes, I can see what they're saying, even most EWP peps will admit that you will get 10 different EW charts if you ask 10 exponents to draw one up. When I looked at it when starting out my thoughts where exactly that, that it was just too loose and too open to multiple interpretations which is why I drifted down the S&R route though looking at Fib along the way. Definitely more traders use Fibs than EW which helps to make Fibs more of a self fulfilling prophecy but as I mentioned elsewhere I found pivots and S&R to be even more so.

As of 17:50, BTC down 225 points and 2.76%.

BTC looks like it's putting a big red daily candle which may cause a pause in this run;

Interesting pdf library of trading books free downloads; http://www.aboutcurrency.com/forexdownloads/forexbooks/forexbooks_downloads.shtml

yeah but only for 3-4 weeks, that's the deadline Trump gave the Chinese when they turned up in Washington having just ripped up the core of the deal, Trump immediately upped from 10% to 25% on some goods and promised to do the rest if they didn't come back to the table.

The 7am hourly candle failed to take the pivot so price went back down to check S1 and nearly got as far as S2, the bulls are currently trying to overwhelm the sellers who have gathered at S1 to defend their short positions. H1 chart; And look to be doing a good job;

Lunchtime at a glance and more red on the board;