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EURUSD

  • #1,163,641
  • Mar 5, 2020 3:21pm Mar 5, 2020 3:21pm
Staying away from EURUSD for now. Another -$100 loss. Before that was -$250 loss. So -$350 loss on EURUSD. But having an buy position open on USDCAD since 1.3065, I earned $3000 on that one. So $2,650 profit all together. No open positions for now, will wait for now until better opportunities come. Trade safe.
  • #1,163,642
  • Mar 5, 2020 3:28pm Mar 5, 2020 3:28pm
Quoting OhComeOn
{quote} Actually that is a very good answer, however in this case incorrect.
Temperature haha.
  • #1,163,643
  • Mar 5, 2020 3:30pm Mar 5, 2020 3:30pm
What the fuck is pushing this and sinking the USD?
pissing me off. Not going to plan this week.
I play the trade gamble to feed my Porsche addiction.
  • #1,163,644
  • Mar 5, 2020 3:33pm Mar 5, 2020 3:33pm
this is really scary:
https://dailypriceaction.com/setups/...-below-1-1170/
  • #1,163,645
  • Mar 5, 2020 3:35pm Mar 5, 2020 3:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 37 KB
yes yes yes
  • #1,163,646
  • Mar 5, 2020 3:36pm Mar 5, 2020 3:36pm
expecting resistance at 1.27 with a probable retracement
  • #1,163,647
  • Mar 5, 2020 3:39pm Mar 5, 2020 3:39pm
Quoting OhComeOn
After drinking a lot of beer, eating BBQ, and thinking, I have to believe that with China and the virus we will feel the effects in the USA on trade in the next month due to lack of production which will result in decreased imports thus causing reduced sales. I am drunk and it makes sense, will continue to follow indicators, but feel the FED will start to announce interest rate cuts soon. As a what if, this may weaken the dollar due to lack of manufacturing in the USA. As always, I will follow the indicators. Going back to drinking more beer. Just...
Not a bad prediction despite the beer
  • #1,163,648
  • Mar 5, 2020 3:44pm Mar 5, 2020 3:44pm
Quoting Techanalyst
{quote} Temperature haha.
Great job, Temperature is the correct answer!
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,163,649
  • Mar 5, 2020 3:48pm Mar 5, 2020 3:48pm
Quoting M3csl
What the fuck is pushing this and sinking the USD? pissing me off. Not going to plan this week.
Unwinding of carry trades and capital flows into 'safe haven' assets most likely. The EURO's low interest rate make it perfect for borrowing, if International equities are losing value, you sell and return the capital to Euro, thus increased demand, thus what we're seeing now.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #1,163,650
  • Mar 5, 2020 3:51pm Mar 5, 2020 3:51pm
Quoting CannonScout
{quote} Unwinding of carry trades and capital flows into 'safe haven' assets most likely. The EURO's low interest rate make it perfect for borrowing, if International equities are losing value, you sell and return the capital to Euro, thus increased demand, thus what we're seeing now.
Yes, the low rates are good for borrowing, but since when do I need to return euros to my account to be able to borrow euro, thus increase the value of it? Makes no sense.
Everyone can see the chart, but only a few can actually read it.
  • #1,163,651
  • Mar 5, 2020 4:06pm Mar 5, 2020 4:06pm
Quoting Daevictus
{quote} Not a bad prediction despite the beer
I forgot all about that post after sobering up. Maybe I should run a Performance Evaluation and trade for a week drunk!! LOL That would be hilarious if it came out as good as or better than being sober and would post random drunk thoughts for the market on Forex Factory. HAHAHA Yeahhhh I better stay sober, I am not sure my body could take getting drunk every trade day for a week. Currently takes me 2-3 days to recover.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,163,652
  • Mar 5, 2020 4:33pm Mar 5, 2020 4:33pm
Quoting OhComeOn
If this continues to go up until tomorrow morning, then I will start shorting 15 minutes before the data release.
Looks like this is likely my strategy for tomorrow unless it miraculously changes during the night. Data is being priced in. Anything is possible, hopefully will get to enter shorts at 1.13xx area and have a massive ride down to 1.10xx. Typically don't like to trade Fridays, but tomorrow is shaping up to be interesting. If I am correct tomorrow, everyone will be screaming the market is rigged because the USD strengthened on bad data, OR it will be good data and people will stay say manipulation because of the build up today. That is of course if I am right in the morning. Stay green everyone.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,163,653
  • Mar 5, 2020 5:06pm Mar 5, 2020 5:06pm
Quoting M3csl
What the fuck is pushing this and sinking the USD? pissing me off. Not going to plan this week.
Nothing other than pushing the weekly extremes to get people to jump on long. NFP will likely crash downwards to hit the bull stops and get people to short, and then price is likely to recover and keep going long again and kill the bear stops.

Business as usual really
  • #1,163,654
  • Mar 5, 2020 5:15pm Mar 5, 2020 5:15pm
Really strong divergence on the 4hr, typically only real strong news can go against it.
  • #1,163,655
  • Mar 5, 2020 5:15pm Mar 5, 2020 5:15pm
For no apparent reason, CannonScout started ignoring me.

What is wrong with people in this forum???
Learn from your mistakes and march on.
  • #1,163,656
  • Mar 5, 2020 5:18pm Mar 5, 2020 5:18pm
Quoting here2there
For no apparent reason, CannonScout started ignoring me. What is wrong with people in this forum???
Check his profile, he has like 129 people on ignore. Probably got issues who knows.
  • #1,163,657
  • Mar 5, 2020 5:20pm Mar 5, 2020 5:20pm
Going to watch EURUSD tomorrow before news, will probably put a sell position but will close it the same day.
  • #1,163,658
  • Mar 5, 2020 5:22pm Mar 5, 2020 5:22pm
1.1250 almost reached yesterday, i believe eu will start retreating today, after nfp or europe close
LUCKY golden trades, LUCKY gold investor trading style
  • #1,163,659
  • Mar 5, 2020 5:35pm Mar 5, 2020 5:35pm
1.12 45 is ideal . Good chances we have seen the top.

  • #1,163,660
  • Mar 5, 2020 5:37pm Mar 5, 2020 5:37pm
Ok, so I didn't expect the Euro to keep going up so strongly. It reminds me of the Bitcoin bullrun back in 2017 to early 2018 where it just kept going up like a rocket in what was almost a straight line. All TA went out the door. And all TA seems to be out the door now. It's just completely irrational to me what is going on with EURUSD.

I will stay in this up until Monday. If things don't change, then I will suck up my losses and get out.

What a humbling experience! This is not a normal market.
Learn from your mistakes and march on.
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