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  • #1,129,161
  • Aug 21, 2017 3:00pm Aug 21, 2017 3:00pm
Quoting Neil0163
{quote} Depends on what employment your on about, employment as in more soldiers if your talking about that then look at the cost of fuel,vechiles,supplies,ammunition and everything else a soldier needs to work thats where the money will go war isnt a good think if its bad news which was is it will generally (not all the time) weaken the countries currency. Employment within the united states like you said simply means a stronger economy which is good, good news generally makes a currency stronger.
Lol nothing to do with money spent.

War creates uncertainty.

If you ever hear talk of USA war then buy the JPY as it is a safe haven
  • #1,129,162
  • Aug 21, 2017 3:04pm Aug 21, 2017 3:04pm
Quoting Don96
{quote} not just soldiers, infrastructure, trade, contractors...etc etc those that keep the soldiers where they are and informed etc.
Your right and again that cost money and there used for the sole purpose of war in that context, you generally dont gain anything from war no matter the bullshit reasons that our goverments like to tell us. War is bad news for any economy, A javelin anti tank missile cost around £60,500 ($78,000) iagine how many of those got fired off during 10 year Afghan war. War cost money.
  • #1,129,163
  • Aug 21, 2017 3:08pm Aug 21, 2017 3:08pm
Quoting Samson85
{quote} Lol nothing to do with money spent. War creates uncertainty. If you ever hear talk of USA war then buy the JPY as it is a safe haven
Whilst i agree it creates uncertainty i disagree about its nothing to do with money spent
$2.4 trillion was around the cost of the iraq war, please expand on your point of how that amount of money would not effect a currency
  • #1,129,164
  • Edited 4:29pm Aug 21, 2017 3:28pm | Edited 4:29pm
Quoting solecrusader
Trend is the friend, rest is all BS {image}
Closed my EU Long with around 3200 Pips . I see potential reversal. Here is what i am thinking.

Attached Image (click to enlarge)
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  • #1,129,165
  • Aug 21, 2017 3:38pm Aug 21, 2017 3:38pm
Quoting solecrusader
{quote} Closed my EU Long with around 3200 Pips . I see potential reversal. Here is what i am thinking. {image}
I think were in for a drop but i think that we will see price climb abit further after the trump speech.
  • #1,129,166
  • Edited 3:56pm Aug 21, 2017 3:45pm | Edited 3:56pm
i feel the trump troop move has already happened. Everytime data comes in a few hours before you see the price move excessively and I feel theres a lot of insider trading going on. Washington leaking info. long shot. yes. But given that everyone in the oval office is a businessman; i dont see why they wouldnt benefit from such a thing. Damn cheats.

Personally i think the price wont rally as it normally should from the speech. it'll go in its natural trajectory (whatever that maybe, hopefully a retracement back to 1.16 level). on my chart it seems to the 61.8 fib is holding strong in the H1 chart)
Attached Image (click to enlarge)
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  • #1,129,167
  • Aug 21, 2017 4:02pm Aug 21, 2017 4:02pm
not an easy day for counter traders if I am not mistaken...
trading is simple but is simple is not easy.
  • #1,129,168
  • Aug 21, 2017 4:09pm Aug 21, 2017 4:09pm
E. - I raise my SL on longs @118.06

BP - Same @ 1.2893


S+P @ 2416
  • #1,129,169
  • Aug 21, 2017 4:10pm Aug 21, 2017 4:10pm
Quoting F.g
E. - I raise my SL on longs @118.06 BP - Same @ 1.2893 S+P @ 2416
good trades mate....you bought the bottom and stayed with it. WD
trading is simple but is simple is not easy.
  • #1,129,170
  • Aug 21, 2017 4:19pm Aug 21, 2017 4:19pm
Quoting Samson85
How many pips is everyone looking for from this short? I caught a solid buy on he USD/JPY right on the lowest support so I am expecting to make £££££'s from it
Possibly 109.40
Holy Grail - Patience and Acceptance
  • #1,129,171
  • Aug 21, 2017 5:00pm Aug 21, 2017 5:00pm
https://www.fxstreet.com/currencies/eurusd
I believe in myself.
  • #1,129,172
  • Edited Aug 22, 2017 7:08am Aug 21, 2017 5:04pm | Edited Aug 22, 2017 7:08am
Quoting Tradingwithw
Had not planned on trading anymore today, but my EA had other plans.... Long GU from 1.2863 ....looks like I'll be holding both GU and EU longs through the weekend. Have a fun and safe weekend everyone! {image}
GU holding nicely, OUT of EU +5

Will try again @ 1.1818
  • #1,129,173
  • Aug 21, 2017 5:08pm Aug 21, 2017 5:08pm
im long for the speech then im short for a big reversal with a nice Cypher forming at R78
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  • #1,129,174
  • Aug 21, 2017 5:09pm Aug 21, 2017 5:09pm
Trump Afghanistan speech : could be a market mover but could also be a non event marketwise

let's see in about 3 hrs
  • #1,129,175
  • Aug 21, 2017 5:34pm Aug 21, 2017 5:34pm
Quoting MXT
Trump Afghanistan speech : could be a market mover but could also be a non event marketwise let's see in about 3 hrs

News is out from what I gather, 4000 troops going out. Market hasn't moved, really shouldn't unless he says something dumb again.
  • #1,129,176
  • Aug 21, 2017 5:40pm Aug 21, 2017 5:40pm
Quoting Catch-22
{quote} News is out from what I gather, 4000 troops going out. Market hasn't moved, really shouldn't unless he says something dumb again.
what could be market moving , would be any comments regarding North Korea and the upcoming US-South Korean drills in S.Korea
  • #1,129,177
  • Aug 21, 2017 5:53pm Aug 21, 2017 5:53pm
Just got back from camping and doesn't looked like I missed much. I was able to add a couple of short positions so I guess that was good. Trump speech will hopefully help the dollar but who knows really. Getting tired of the consolidation. I'm ready for it to move down. The 4 hour actually looks like its down trending but it doesn't mean anything if the daily does nothing. Anyway, great to be back.
Attached Image (click to enlarge)
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Taigen Profit This Month: na
  • #1,129,178
  • Aug 21, 2017 5:59pm Aug 21, 2017 5:59pm
Quoting MXT
{quote} what could be market moving , would be any comments regarding North Korea and the upcoming US-South Korean drills in S.Korea
Fundamentals--new reports and such--always seem to blip the market but by the end of the day it pretty much goes back to where it came. North Korea will continue to bluster and NATO exercises will continue to be enacted. I don't think armageddon will start right yet. I'll just keep shorting if it goes against me. Good news or bad news, the Euro seems to always go up. What's a shorter to do...
Taigen Profit This Month: na
  • #1,129,179
  • Aug 21, 2017 6:14pm Aug 21, 2017 6:14pm
Quoting Taigen
{quote} Fundamentals--new reports and such--always seem to blip the market but by the end of the day it pretty much goes back to where it came. North Korea will continue to bluster and NATO exercises will continue to be enacted. I don't think armageddon will start right yet. I'll just keep shorting if it goes against me. Good news or bad news, the Euro seems to always go up. What's a shorter to do...
watch out with your EUR shorts , today was a big reversal day and a big move north might be looming - but still needs confirmation in the next days

regarding the N.Korean leader , the guy should not be underestimated IMHO
  • #1,129,180
  • Aug 21, 2017 6:50pm Aug 21, 2017 6:50pm
Quoting DonaldFX
{quote} Is this entry based on price action or EMA or something else? I have very similar level myself, but not with that big profit target.
It is based on price action. EMA it's just a tool that helps me see which way the trend is going. I took a course for this type of trading from Al Brooks. It was worth it. I like how Al Brooks explains everything about price action. Mostly is day trading/scalping but you can use it on daily, weekly long term too.
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