Sideway day.
there is up and down move at every currency.
there is up and down move at every currency.
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Disliked{quote} Hsmr you mention abou GBP or GDP GBPUSD maximum point 1.27000-1.2750 level i think. up move is possible for now. but it doesnt mean uptrend. dont forget. if it falls with momentum it doesnt turn back quickly. in this view i am not full long at gbp. and dont miss 3 days later monthly bar will close. ask yourself "where will they close?" and open graphIgnored
Disliked{quote} Thanks for the response, very insightful GBP* GBP* GBP* I have just one other question, regarding your approach of trading the strongest and the weakest currencies, once you have identified the two, what is your next set of sets? For example, the immediate problem I see if that while it is great to perhaps identify that currency 1 as the strongest and currency 2 as the weakest, it is based on past data, and the strength/weakness in the currencies may have died down. (though I realize now that retaining strength/weakness in just one of...Ignored
Disliked{quote} hi hsmr you have got the point. forex is dynamic market ok? dont forget this one. lets do 1 example. everything is clear. {image} {image} {image}Ignored
DislikedWhat time do you expect this to occur? and I know you asked not to ask, but I must ask what does your percentage change figure come from? I am not going to trade, purely for observation and study. Is it a compilation of percentage changes based on past events which occur cyclically? I'm sorry but I can't offer any insight towards you as I don't know anything. This may be useful but it is on away longer scale https://www.efxnews.com/story/33701/...-goldman-sachsIgnored
DislikedOh I've learnt from the past to never trust these articles froma variety of banks, it's just goldmans seemed to be more on the reliable side when creating these articles, so I'm sort of dissapointed in the inconsistency. So did you not find any trade opportunities today?Ignored
DislikedHello, for the XAUUSD, do you consider this a break down? I guess it could still go up based on it's cycle. Daily {image} Weekly {image}Ignored
Disliked{quote} Thanks for letting me know about the set up a while ago. Where have you placed your stoploss?Ignored