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EURUSD

  • #1,121,801
  • Jul 6, 2017 2:59pm Jul 6, 2017 2:59pm
Quoting Connors
{quote} Nice pic bro. Saw your TE today. Fuck it! Your look is worth millions!
thanks

this account will hit +300k by end of september...wanna bet?
  • #1,121,802
  • Jul 6, 2017 3:04pm Jul 6, 2017 3:04pm
Quoting Connors
{quote} Sure. Not a single chance in this market and the way your trading is set The only way you will have 300K on that account is you deposit 300K on the 29th Sep.
how much?

$100? or $1000?
  • #1,121,803
  • Jul 6, 2017 3:05pm Jul 6, 2017 3:05pm
Quoting hilmy83
{quote} thanks this account will hit +300k by end of september...wanna bet?
Good luck man, I'l be rootin' for ya.
  • #1,121,804
  • Jul 6, 2017 3:06pm Jul 6, 2017 3:06pm
Quoting hilmy83
{quote} thanks this account will hit +300k by end of september...wanna bet?

You bought eurusd right at the top
Follow The Markets Structure - Patience and Discipline
  • #1,121,805
  • Jul 6, 2017 3:07pm Jul 6, 2017 3:07pm
Quoting hilmy83
{quote} thanks this account will hit +300k by end of september...wanna bet?
The institution won't let you make that kind of money on forex
Enter Signature
  • #1,121,806
  • Jul 6, 2017 3:07pm Jul 6, 2017 3:07pm
Quoting bbk1
{quote} You may have correctly guessed what I was thinking every time I open a short.... That's right I was hoping it ran out of steam and therefor must retrace. Yes I have learned a lesson this time... and you're absolutely correct I should have been going with the trend rather than guessing the market. Appreciate your advise
Prolly come DOWN to tomorrow's PP then more UP
A good trader follows his rules, but great trader knows when to break them
  • #1,121,807
  • Jul 6, 2017 3:08pm Jul 6, 2017 3:08pm
Quoting Connors
{quote} It doesnt make any sense what you are saying bro, the costs associated to generate the services -tourism - you mention are also in EUR. It is not like they pay USD for the costs of service industry they have and generate their income in EUR. The impact of tourism is industry over a major currency is not that significant anyway. If anything strong currency is bad for the tourism. Say you are a Russian citizen who would like to travel to a destination in Europe. If EUR appreciates against all major currencies, the number of tourists will decline...
Maybe bro, but don't forget that probably 90% of all holidays are preordered long time ago and now the EUR became strong. People will not cancel their holidays because of that. Instead they will just spend more money than planed.. just MO...

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,121,808
  • Jul 6, 2017 3:11pm Jul 6, 2017 3:11pm
Quoting Connors
{quote} Pfff, make it more interesting. 10K USD, donation to a charity of your choice.
hmmmm..interesting proposition..can i decide on 9/29?
  • #1,121,809
  • Jul 6, 2017 3:17pm Jul 6, 2017 3:17pm
Quoting ill_be_back
{quote} Prolly come DOWN to tomorrow's PP then more UP
I hope so as I need that break
Enter Signature
  • #1,121,810
  • Jul 6, 2017 3:20pm Jul 6, 2017 3:20pm
Quoting Takisd
{quote} Cute reply, do you feel better now?
Must feel bad, if you haven't made a dime since 2005.
  • #1,121,811
  • Jul 6, 2017 3:26pm Jul 6, 2017 3:26pm
Quoting alayinizAMK
{quote} Must feel bad, if you haven't made a dime since 2005.
Super bad man. What am I ever going to do? Maybe I'll move to germany, I hear they have a good social system for the unemployed, no income poor people like me.
  • #1,121,812
  • Jul 6, 2017 3:28pm Jul 6, 2017 3:28pm
Quoting Connors
{quote} It doesnt make any sense what you are saying bro, the costs associated to generate the services -tourism - you mention are also in EUR. It is not like they pay USD for the costs of service industry they have and generate their income in EUR. The impact of tourism industry over a major currency is not that significant anyway. If anything strong currency is bad for the tourism. Say you are a Russian citizen who would like to travel to a destination in Europe. If EUR appreciates against all major currencies, the number of tourists will decline...
Good point!
  • #1,121,813
  • Jul 6, 2017 3:29pm Jul 6, 2017 3:29pm
eur/aud looks to gather momentum..i think euro is stepping up v soon
  • #1,121,814
  • Jul 6, 2017 3:32pm Jul 6, 2017 3:32pm
Quoting bbk1
{quote} I hope so as I need that break
Dont want to intervene and please read my post just as a side note and not an advice or a recommendation.
I see the possibility of your position ending in profit not likely. You sound like you are overleveraged - I am making an assumption here ,can be wrong - and you believe you have no chance other than wait and hope with the entire exposure. This actually is not true. Please ask yourrself the following questions:

- What was your target when you took the initial short trade?
- Why did you add additional short positions? Was that an exit strategy to reduce the cost of your short exposure or you stronly believe that EUR will crash?
- If you now have doubt that you were right, how will you handle the exposure in case it moves another 30-40 pips during Asian session?
- Or if you are still certain about your view, can you not reduce your exposure to have peace of mind and hold on to your trade?
  • #1,121,815
  • Jul 6, 2017 3:52pm Jul 6, 2017 3:52pm
EURUSD - Weekly Outlook

We are still inside red sell zone (so bears can still have hope). I think this rise might be a last rally to complete a Wave-5.

We can't know how high this rally can go but at least we can estimate that the upper edge of the steep wedge (thin blue trendline) might stop or slow down this rally roughly around 1.1535 for this week. That being said we still can see further bullish pressure on coming weeks.

Long story short: We can expect a bounce back anywhere from 1.1440 to 1.1535 but for a full trend change market would require weeks or months based on current situation. My focus is at 1.1470, will it resist or not? I hope it does otherwise we will see higher highs on weekly.

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #1,121,816
  • Jul 6, 2017 4:04pm Jul 6, 2017 4:04pm
Quoting Connors
{quote} Anyway, I am short as you well know but as things stand, the setup changed totally. If daily closes above 1.1394, I am out.
Nope you are still in as long as 1423 holds. GL
  • #1,121,817
  • Jul 6, 2017 4:04pm Jul 6, 2017 4:04pm
lookin for a second opinion on USD/CAD direction over the next day before NFP
  • #1,121,818
  • Jul 6, 2017 4:05pm Jul 6, 2017 4:05pm
I agree too.. the big boys have literally taken over
  • #1,121,819
  • Jul 6, 2017 4:05pm Jul 6, 2017 4:05pm
Quoting Venomousssss
lookin for a second opinion on USD/CAD direction over the next day before NFP
i just started a long, for a swing ~200 pips.
  • #1,121,820
  • Jul 6, 2017 4:06pm Jul 6, 2017 4:06pm
Quoting Ken A
{quote} For EU, no, as I seldom trade it But for crosses yes, many s/o just don't lose more than you earn. Losses are part of the trade.
Ken

Thanks.
trading is simple but is simple is not easy.
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