EURUSD

stop loss hunt time? havent had one in a while

With you. Short @ 1835. what's your target TP?

People keep shorting, and I still don't understand why? It's still an 8 month uptrend, it's going up this month, week, this day, even this hour and 15 minutes.

Mate,
lets survive first this strength show...then we talk about targets... 18.60 is very close......

i was kiddin

you're right.

bull can not afford to not break back in ,that makes things exact with confluence,
maybe see the h1
if close over this level it's all been wrong my end

long on main account with no tp. sl at 1720. bulls look to have put an end to hope of retracement

where u entered for this trade

1770

That was almost 6 hrs ago

indeed it was...the NEW part of that fact was removing TP

OK thanks
just trying to understand why u did not TP & reenter from lower level

tbh i am just not certain that lower level is going to happen :/ and i feel more confident about 1720 NOT happening...i could be wrong and my experience level is not up to par with a lot of you.

I'm out anyway, good week even if it took a long time to materialize. Might buy if I don't have much open around the 1.72, otherwise waiting for a new high pullback, or news.

Have a feeling I'll be back on the USDCAD or GBPJPY or something next week.

Another 20 perhaps?

Prolly come DOWN Sunday/Monday (H&S)
then resume UP (EU H1)

Lot's of predators in here to create a perfect trading record to sell stuff. Everyone needs to learn the lesson of the con-artist (sometimes over and over). It's better to get scammed for $197.00 than much larger figures later in life.

As for analysis, I would highly suggest that no trader make a trade on another person's analysis, as Larry Livingston suggests in Reminiscences.

sameone have any idea



The biggest driver of currency flows this past week had nothing to do with monetary policy or economic data. Instead, the escalation of tensions between the U.S. and North Korea sent USD/JPY sharply lower as investors worry that this heated exchange could result in military action. Although we firmly believe that the threat of war — let alone nuclear war — is slim, as this era has been one of the most unpredictable in history. Bottom line? Be prepared for the unexpected. Many of our readers are asking how far the dollar could fall if the U.S. goes to war with North Korea but before discussing this, we want to point out that while the dollar is down sharply this week versus the yen, it strengthened against other major currencies like sterling and Australian and New Zealand dollars. So while there’s no question that war is negative for USD/JPY, it can initially drive the dollar higher against high-beta currencies such as AUD and NZD. As a rule of thumb, the Japanese yen and Swiss franc perform best during times of war, which means all the yen crosses, including USD/JPY, will weaken.
Taking a look at some of the major military conflicts over the past 3 decades, the Dollar Index suffers greatly when there is war. Not only does the cost of war require an expansion of money supply, commodity prices also tend to rise, putting additional pressure on the U.S. economy. In the 2 months from when the conflicts in Libya started, the Dollar Index dropped nearly 5% while during the first 3 months of the second Gulf War, the index fell more than 9%. We saw similar weakness after the first Gulf War and then later when there were missile attacks on Baghdad. U.S. stocks tend to perform poorly, though generally during the month before war begins rather than the month after. This time around, how currencies behave depends largely on how China responds. If China stays neutral and doesn’t provide any support to North Korea, the yen, Australian and New Zealand dollars will have a smaller reaction (although still a big one) than if China inserts itself in the conflict. Since there’s no doubt that North Korea will lose and lose quickly, as the tensions grow the dollar will suffer and the actual announcement of war could take USD/JPY to 105. But if a swift victory transpired, the pair would recover quickly. The bottom line is that the outlook for USD/JPY is grim and 108.50/108.00 is probably the next stop for the pair.
Aside from the threat of war, U.S. data has been far from impressive with jobless claims rising as inflationary pressures remain subdued. Monetary policy committee members aren’t happy with the current state of inflation and their feelings are reinforced by the weaker-than-expected consumer- and producer-price reports. According to Fed President Dudley, it will take some time for inflation to rise to 2% as the weaker dollar affects import prices. As a result, year-over-year price measures will be depressed for a while and the economy may be a bit more sluggish on the margin. Dudley is one of the main architects of Fed policy and his cautious views confirm that the central bank is in no rush to raise interest rates. This sentiment is shared by FOMC voter Evans and Fed President Bullard. Looking ahead, the most important releases on the U.S. calendar will be the FOMC minutes and U.S. retail sales. Although consumer spending could be supported by the rise in wages and rally in stocks, the Fed minutes are likely to be less hawkish as the central bank doesn’t seem to want to commit much beyond September balance-sheet normalization.
Meanwhile, the risk aversion created by U.S./North Korea tensions also put significant pressure on commodity currencies. The New Zealand dollar was the worst performer and more losses are likely in the coming week. According to Governor Wheeler, the Reserve Bank is not happy with the value of the currency as he brought up the possibility of intervention after this month’s monetary policy announcement. The RBNZ left interest rates unchanged at 1.75% and said inflation could decline further in coming quarters. Wheeler also talked about how currency intervention is always an option. Assistant Governor McDermott emphasized the significance of Wheeler’s comments by saying the RBNZ changed the NZD language to signal their unease — the first step toward possible intervention. The RBNZ opened up a can of worms and next week’s PMI services, retail sales and producer price reports probably won’t lend much support to the currency, especially after the slowdown in manufacturing PMI index. We see NZD/USD falling back to 0.7250 and possibly even 0.7200.
Unlike the New Zealand dollar, the Australian dollar quietly drifted lower this past week as the threat of war is positive for gold and commodity prices, which is good for AUD. U.S. Treasury yields also fell more aggressively than Australian bond rates and this change in the yield spread helped to limit the slide in AUD/USD. With that in mind, the Australia

D1 chart. Good luck next week.
https://www.tradingview.com/x/2l7JdN9t/