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EURUSD

  • #1,124,321
  • Jul 21, 2017 2:46am Jul 21, 2017 2:46am
Quoting Redeflect
This fucking pair. Seriously. Down 70 for a day, Up 180 in 2 hours. Nothing for half a day. Up 50 in 1 hour. Down 40 in 30 minutes. And now it hasn't even moved a tick in 3 minutes.
You hate it, I love it but we both want it like a bad girl playing us both lol.
That being said entering the studio soon to record a song called "Death of Retail Forex" because honestly if this fuckery continues it's gonna be the case.
Read in between the price!!!
  • #1,124,322
  • Jul 21, 2017 2:46am Jul 21, 2017 2:46am
Quoting R4sh
I lost 90% of my money
I am sorry to hear that , mate .
Here is a rule some find usefull : never risk more than 5 % in a trade .
Good Luck in the future !
  • #1,124,323
  • Jul 21, 2017 2:46am Jul 21, 2017 2:46am
Note for Euro bears: Seems what happened at yesterday's Draghi conference was the worst that could have happened. He was firmly dovish BUT said they would discuss tapering in the autumn. That was all that was needed to make Euro fly. Had he actually moved yesterday and offered some details on the reduction of the stimulus Euro would have retraced heavily. As a matter of fact any bonds buying reduction is only to be very slow and gradual, something similar what Fed is planning to do. When it finally gets said Euro will be hit with a hammer. Was it done yesterday Euro bears would be in completely different situation now and in months to come.
  • #1,124,324
  • Jul 21, 2017 2:51am Jul 21, 2017 2:51am
Quoting yanitsa
{quote} I am sorry to hear that , mate . Here is a rule some find usefull : never risk more than 5 % in a trade . Good Luck in the future !
Erm risking 5% means you are either on a martingale step or just love need for speed, I say 3%.
Read in between the price!!!
  • #1,124,325
  • Jul 21, 2017 2:52am Jul 21, 2017 2:52am
Quoting calebfx
{quote} You hate it love it but we both want it like a bad girl playing us both lol. That being said entering the studio soon to record a song called "Death of Retail Forex" because honestly if this fuckery continues it's gonna be the case.
I am tired of repeating like a broken vinyl ......Retail trading does NOT start and finish with this fake EUR currency .Yes, it influences nearly everything around , its high volumed and for some reason the masses love to trade it .But do You really HAVE TO trade it , if it's unclear at given moment ? No , of course not ....tak a look at the chart and if not crystal clear - move on !
  • #1,124,326
  • Jul 21, 2017 2:56am Jul 21, 2017 2:56am
Quoting calebfx
{quote} Erm risking 5% means you are either on a martingale step or just love need for speed, I say 3%.
No , very secure and conservative style .
I enter 2-3 times a week , carefully selecting .
Sometimes I enter even bellow 1 % risk , depends on the signal / incomming data etc
  • #1,124,327
  • Jul 21, 2017 2:58am Jul 21, 2017 2:58am
Quoting yanitsa
{quote} Today ? Not impossible of course but unlikely . London started taking profits right at opening .Let's see where this hour closes .
LOL
Overlapping Frankfurt now .
Today looks like a profit taking day

Frankie cheats all the naive ones , then comes London with the big slaps .
Same ol same ol .........it's funny
  • #1,124,328
  • Jul 21, 2017 3:00am Jul 21, 2017 3:00am
Quoting effix02
Note for Euro bears: Seems what happened at yesterday's Draghi conference was the worst that could have happened. He was firmly dovish BUT said they would discuss tapering in the autumn. That was all that was needed to make Euro fly. Had he actually moved yesterday and offered some details on the reduction of the stimulus Euro would have retraced heavily. As a matter of fact any bonds buying reduction is only to be very slow and gradual, something similar what Fed is planning to do. When it finally gets said Euro will be hit with a hammer. Was it...
Good explination. Where do you get your information and how you analise it? What books have you read and where have you learned about worlds financial market? I would appreciate some good advice, as I am trading for 6 years now on and off, and lost worth nearly two years of my sallary. 20%up 40% down month to month and after yesterday I am left with few hundred pounds. Appreciate.
  • #1,124,329
  • Jul 21, 2017 3:03am Jul 21, 2017 3:03am
Quoting yanitsa
{quote} I am tired of repeating like a broken vinyl ......Retail trading does NOT start and finish with this fake EUR currency .Yes, it influences nearly everything around , its high volumed and for some reason the masses love to trade it .But do You really HAVE TO trade it , if it's unclear at given moment ? No , of course not ....tak a look at the chart and if not crystal clear - move on !
Lol the song is not for me, I called EU fake a long time ago and oh I didn't get burnt by this pair, I don't trade what I cannot read so I have been trading AU, GU, UJ and Bitcoin all week.
Read in between the price!!!
  • #1,124,330
  • Jul 21, 2017 3:10am Jul 21, 2017 3:10am
A SELL would be considerate at 1.164 but nah, they like it UP
  • #1,124,331
  • Jul 21, 2017 3:10am Jul 21, 2017 3:10am
By the way you all should pay attention to Gold, rally should begin next week all things being equal.
Read in between the price!!!
  • #1,124,332
  • Jul 21, 2017 3:18am Jul 21, 2017 3:18am
Quoting calebfx
{quote} Erm risking 5% means you are either on a martingale step or just love need for speed, I say 3%.
risking 5% on 1:500 le7verage7 means risking 100% LOL
  • #1,124,333
  • Jul 21, 2017 3:23am Jul 21, 2017 3:23am
Quoting PatienceFx
{quote} risking 5% on 1:500 le7verage7 means risking 100% LOL
What do you mean? Risking 5% on a 1:500 or 1:5000 leverage means risking 5%.
  • #1,124,334
  • Jul 21, 2017 3:26am Jul 21, 2017 3:26am
Quoting builder
{quote} Good explination. Where do you get your information and how you analise it? What books have you read and where have you learned about worlds financial market? I would appreciate some good advice, as I am trading for 6 years now on and off, and lost worth nearly two years of my sallary. 20%up 40% down month to month and after yesterday I am left with few hundred pounds. Appreciate.

It helps that I used to study Economics but anyway I've learned a lot reading quality financial press like The Economist, Financial Times or WSJ. They are politically biased but as long as we focus on business/economics part it's fine. I'm also gaining a lot of valuable insight on currency world and monetary policy from fxstreet website. There are a lot of various comments and analysis there every day which help to keep abreast of what is going on. To be honest some of those analysts are much better than the others and all of them tend to write biased opinions from time to time leaving you seething with anger but overall this is a substantial body of knowledge.

Regarding the analysis and opinions I form they are simply the outcome of the knowledge I gain from the sources mentioned above and some logical reasoning. Regarding Draghi, I know he would like to keep the stimulus unchanged going forward but is pressed for tapering by Germany and others on the one hand and running of the bonds to buy on the other. He needs to start taper then. But in such circumstances and inflation being subdued he would move extremely cautious. I saw some 'leaked' comments from ECB (always dubious thing but still) that the taper starting in Jan may be with 10 bilion per month. That is very, very low hardly able to make any change in bond yields. When they moved from 80 bilion to 60 hardly anything happened. Such a slow and gradual bond buying reduction is definitely not something all the raging Euro bulls are waiting for.

Regarding the loss of 2 years worth of salary, I know it's painful and disheartening. I once lost annual salary within a few hours (not in forex however). The only thing we can do is not to allow that happen again. As long as we can learn from it (although painfully) we should grow from the experience. It doesn't help to keep on thinking about what happened in the past, either. Passing time helps to soothe the pain of the loss provided we don't keep on losing.
  • #1,124,335
  • Jul 21, 2017 3:26am Jul 21, 2017 3:26am
Quoting Stillearnin
{quote} What do you mean? Risking 5% on a 1:500 or 1:5000 leverage means risking 5%.
5% is always calculated on a 1:1 leverage account

on 1:10 5% BECOMES 5X10=50%

AND SO ON
  • #1,124,336
  • Jul 21, 2017 3:31am Jul 21, 2017 3:31am
Quoting builder
{...Where do you get your information and how you analise it?
What books have you read and where have you learned about worlds financial market?
I would appreciate some good advice, as I am trading for 6 years now on and off, and lost worth nearly two years of my sallary. ...
Sorry pal.
We all lose sometime. That's the price for learning.

Books- what books. Would a good trader write a book?? Losers do

Information - most in the chart. Draw Fibo for target, put MACD for entry.
Options - good targets at 3pm/spikes there too.

Advice - be present. Look at news/chart.
Don't trade sh!t fake currencies - see below. And pound.
Close at night.

Feel the market - E may go down now, but it's correction. I'd buy 1.16 or 1.1510. Sell at your risk....

PATIENCE!!

Read news - see pound CPI news??? So bad that it keeps going 2-3-4 days, and the lambs were slaughtered yesterday. Today sell too....

So that's it

GL.


Quoting Venomousssss
Took an aud long at .7926
Hmmm.??
If I traded this I'd sell to 0.7730. Damn aussie bankers talk too much.
See tonight?? Dembelle talking at 3:40 but his buddies sold at 2am. Surprise!!!!
Beware of robber banks (RB), bad advisors.
  • #1,124,337
  • Jul 21, 2017 3:35am Jul 21, 2017 3:35am
Quoting PatienceFx
{quote} 5% is always calculated on a 1:1 leverage account on 1:10 5% BECOMES 5X10=50% AND SO ON
what is risking 5% if you have a $1000 account? It is $50. It is not about the leverage? Correct me if im wrong
  • #1,124,338
  • Jul 21, 2017 3:36am Jul 21, 2017 3:36am
Quoting TexasJuke
{quote} what is risking 5% if you have a $1000 account? It is $50. It is not about the leverage? Correct me if im wrong
My head hurts too, it's ok, it's still very early for a lot of us probably.
  • #1,124,339
  • Jul 21, 2017 3:38am Jul 21, 2017 3:38am
Markets playing hide and seek....nobody wants to commit.....
trading is simple but is simple is not easy.
  • #1,124,340
  • Edited 5:05am Jul 21, 2017 3:43am | Edited 5:05am
Quoting Not-KPMG
{quote} Sorry pal. We all lose sometime. That's the price for learning. Books- what books. Would a good trader write a book?? Losers do Information - most in the chart. Draw Fibo for target, put MACD for entry. Options - good targets at 3pm/spikes there too. Advice - be present. Look at news/chart. Don't trade sh!t fake currencies - see below. And pound. Close at night. Feel the market - E may go down now, but it's correction. I'd buy 1.16 or 1.1510. Sell at your risk.... PATIENCE!! Read news - see pound CPI news??? So bad that it keeps...
sterling yesterday has found support after the drop on the hourly (200 sma), a bit of battling now here.....if she breaks maybe around 2860 is possible.....
trading is simple but is simple is not easy.
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