Hello everyone,
Ready for yet another day in this crazy market??? Let's all make some pips tonight.
Ready for yet another day in this crazy market??? Let's all make some pips tonight.
QQE on metatrader 0 replies
QQE Gann Indicator 1 reply
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QzFX vs. QQE 5 replies
QQE and Gann Hi Lo Indicator 3 replies
DislikedI know I am new to this thread, but I have been watching it (lurking) for a while. I am looking for some thoughts on the items below and for tonight.
The pair completed its 50% re-trace today and seems poised to bounce up.
Since 2/14, the pair has moved in a tightening horizontal channel.
Daily is working on a series of lower highs and as resistance has been cleared, then on the re-test, support has held. (for the most part)
Good Euro zone/ GBP news this morning, followed by weak USD today.
Stock market was well down and is expected to go lower.
Typically, the Nikkei follows a US market decline with one of its own.
Eur and Gbp both up solidly against the Usd today clearing what has been pretty strong resistance.
An easy argument can be made for a bounce back to 211 area with a test of 213, or for a move down back to 208.80 area before another move up.
Neither GBP or JPY wants to be particularly strong, as that increases inflationary pressures.
So what is a trader to do???
I am sure I missed some other key items, but that is plenty to digest.Ignored
DislikedI know I am new to this thread, but I have been watching it (lurking) for a while. I am looking for some thoughts on the items below and for tonight.
The pair completed its 50% re-trace today and seems poised to bounce up.
Since 2/14, the pair has moved in a tightening horizontal channel.
Daily is working on a series of lower highs and as resistance has been cleared, then on the re-test, support has held. (for the most part)
Good Euro zone/ GBP news this morning, followed by weak USD today.
Stock market was well down and is expected to go lower.
Typically, the Nikkei follows a US market decline with one of its own.
Eur and Gbp both up solidly against the Usd today clearing what has been pretty strong resistance.
An easy argument can be made for a bounce back to 211 area with a test of 213, or for a move down back to 208.80 area before another move up.
Neither GBP or JPY wants to be particularly strong, as that increases inflationary pressures.
So what is a trader to do???
I am sure I missed some other key items, but that is plenty to digest.Ignored
Dislikedhey Nobitasu .
I wana be in the same boat with u .. i just got back from this beautiful city Dubai .. I wana concentrate on pips now so lets rockIgnored
DislikedBelieve it or not, it's often better to NOT expect a particular direction. Then your mind is clear of preconceptions, you don't have any half baked trades, and you can trade according to what price actually does.
For today, I would advise scalping the ups and downs as they actually occur. Especially during early Asian session, don't expect any "breakouts" from the previous day's high / low. If we get any of those, it will be just before or during London session.
Like they say, "trade what you see, not what you think".
Ignored
DislikedExactly, i keep telling myself not to trade on friday but cant help it.
Lost all the $$$ gained whole week plus loss in this one single day....
SighhhhhIgnored
DislikedExactly, i keep telling myself not to trade on friday but cant help it.
Lost all the $$$ gained whole week plus loss in this one single day....
SighhhhhIgnored