Dislikedalmost go time against the USD...
Pound, AUD, & Kiwi should lead pack
thoughts??Ignored
Just took longs in GU & AU. Watching closely & may pullout if bulls stay on sidelines.
Journey Of An 18 Year Old FX Trader 16 replies
How old are you, trader? 54 replies
old trader but new learner 4 replies
Dislikedalmost go time against the USD...
Pound, AUD, & Kiwi should lead pack
thoughts??Ignored
Dislikedwhy is CHF so strong overall?
CHF is a safe play, strong demand currency bc we are in a time of crisis, & discovery that we all enjoy a flawed credit & banking system. Last time I looked, the Swissy the the ONLY currency which I can trade w value pegged to gold.
and the peg was too devalue their currency agaisnt euro to help the europeans right?
Exactly! & it worked so far. However, no one has been willing to sell there CHF in exchange for Euros bc they believe the floor cannot be maintained...maybe not in the long run, but I believe...Ignored
Dislikedthe only thing i disagree with is that the SNB did not place a floor to help the EZ the floor was placed to help Swiss exporters their main trading partners are EZ members. An expensive CHF was hurting the Swiss economy and deflation as well as contraction was starting to creep in as far as i read
so the declared floor will be defended, i also agree that is not sustainable in the long term as the fall of the euro means the CHF takes more pressure which in turn will prompt further frank devaluation and can actually be harmful as far as price stability...Ignored
Dislikedthe only thing i disagree with is that the SNB did not place a floor to help the EZ the floor was placed to help Swiss exporters their main trading partners are EZ members. An expensive CHF was hurting the Swiss economy and deflation as well as contraction was starting to creep in as far as i read
so the declared floor will be defended, i also agree that is not sustainable in the long term as the fall of the euro means the CHF takes more pressure which in turn will prompt further frank devaluation and can actually be harmful as far as price stability...Ignored
Dislikeddid you hang on to the EURGBP fib chart I posted??
I haven't moved them....
Closed my USD shorts for +3, +6, +4 & went to sleep. I see that sleeping is hazardous to trading. I missed a nice short. Still on sidelines right now waiting for clear entry.
Nice hit on oil this morning, BumaIgnored
Dislikedclose eurgbp +1 - should never trade shit like that again.
so boringIgnored
Dislikedi don't really draw on the charts to trade, but here's best way to show what I saw when i opened the chart & then made the trade to scalp some...Ignored