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  • #1,130,301
  • Aug 26, 2017 12:14pm Aug 26, 2017 12:14pm
Quoting Genimi
{quote} Fed want to cut the dollar supply . They are removing lots of dollas at a cheaper price every Month . The question is when Will they stop ? I still cant figure the target and im being ..cked ..
Oh dear Lord!
It is really dangerous to listen to all sort of crap here.
Fed wants to cut dollar supply??!!
Oh God!
I dont honestly know where to begin. Speechless tbh for this statement of yours.
They also want to buy back dollars? Fed?
Didnt know dollar was a commodity. There is actually a very easy way to cut dollar supply.. You just stop printing dollars.

Actually since the time of Lincoln, US never wanted to cut dollar supply. Whenever there is a war on earth, you dont buy JPY or CHF, you buy dollar.

It is the safest currency in the world.

The more people use it, the more you depend on it.

Answer this simple question:

In what currency of an asset is valued globally? How do you distinguish several companies that do the same job? In which currency does that comparison make sense to you?
  • #1,130,302
  • Aug 26, 2017 12:22pm Aug 26, 2017 12:22pm
Quoting Don96
i need some help... currently i get 0.5 spread on EU, 0.6-0.8 on AU, 1.0 on NU, 0.7 on UJ, 1.0 UCAD 0.9 on GU is a commission cheaper? all round... also do they offer like 0.1 spread across most of these or not?
No, you won't get lower with commissions. They will offer 0.1 in EU but the rest could be much higher than you get at your current broker. Check fxflat (DE) for lower spreads but their leverage is at 200:1 (100:1 at weekends) instead of 400:1 which you get at the avg UK broker.
  • #1,130,303
  • Aug 26, 2017 12:29pm Aug 26, 2017 12:29pm
Quoting falcon72202
{quote} if you look COT you can see that non-commercials increased their long position...so I do not know how investors worry about strong EUR?
As the article explains, the reason why the investors worry is because of reduced earnings from export as a aresult of a strong euro. When the earnings are not as good as expected the investments will shrink. When the investments shrink, jobs will disappear. When jobs disappear the economy will slow down. When the economy slows down, the currency weakens. When the currency weaknes, you are gonna need more of it to satisfy the requirements for investments.
If you are an investor, you wouldn't want to invest in something that doesn't give you the expected earning, would you?

I wouldn't

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,130,304
  • Aug 26, 2017 12:51pm Aug 26, 2017 12:51pm
Quoting Connors
{quote} Oh dear Lord! It is really dangerous to listen to all sort of crap here. Fed wants to cut dollar supply??!! Oh God! I dont honestly know where to begin. Speechless tbh for this statement of yours. They also want to buy back dollars? Fed? Didnt know dollar was a commodity. There is actually a very easy way to cut dollar supply.. You just stop printing dollars. Actually since the time of Lincoln, US never wanted to cut dollar supply. Whenever there is a war on earth, you dont buy JPY or CHF, you buy dollar. It is the safest currency in the...
more, for every single $ in ur pocket, ur gov paying intetest to us
WaBaS Where are Buyers and Sellers
  • #1,130,305
  • Aug 26, 2017 12:55pm Aug 26, 2017 12:55pm
Quoting Connors
{quote} Oh dear Lord! It is really dangerous to listen to all sort of crap here. Fed wants to cut dollar supply??!! Oh God! I dont honestly know where to begin. Speechless tbh for this statement of yours. They also want to buy back dollars? Fed? Didnt know dollar was a commodity. There is actually a very easy way to cut dollar supply.. You just stop printing dollars. Actually since the time of Lincoln, US never wanted to cut dollar supply. Whenever there is a war on earth, you dont buy JPY or CHF, you buy dollar. It is the safest currency in the...
What is a rate hike and its purpose ?

Isnt Forex traded like the commodities?

How do you remove excess currency from markets ?

Dollar its the Standart currency . But still a currency . Like gold was in past , and today .
  • #1,130,306
  • Edited 1:55pm Aug 26, 2017 1:09pm | Edited 1:55pm
Quoting Genimi
{quote} What is a rate hike and its purpose ? Isnt Forex traded like the commodities? How do you remove excess currency from markets ? Dollar its the Standart currency . But still a currency . Like gold was in past , and today .
Bro, I dont know where to begin and I am not your economy professor besides this isn't a classroom.
Your knowledge about the whole thing is twisted, that's all I can say. If you are interested, start from Karl Marx and keep on reading until you understand what world acknowledged economists write about the current stand of world monetary and fiscal policies. It is a deep subject, that relates to many aspects of the past two world wars and such. I wished it were easy to explain it all in a few posts.

Another question:

Up until the end of world war the second, the assets were valued in GBP. Why did Britain lose the power of being world's reserve currency?

Anyway, dollar is King! Remember that at all times. It should not affect your judgement while trading EURUSD with FX, but keep that in mind please.

Also please don't make such ridiculus statements, you are an old member, some may take it serious.

Sorry I had to butt in.
  • #1,130,307
  • Aug 26, 2017 1:38pm Aug 26, 2017 1:38pm
Quoting Connors
{quote} Bro, I dont know where to begin and I am not your economy professor besides this isn't a classroom. Your knowledge about the whole thing is twisted, that's all I can say. If you are interested, start from Karl Max and keep on reading until you understand what world acknowledged economists write about the current stand of world monetary and fiscal policies. It is a deep subject, that relates to many aspects of the past two world wars and such. I wished it were easy to explain it all in a few posts. Another question: Up until the end of world...
Not saying that you are wrong or right but Sometimes we need another point of perspective .

https://archive.org/details/StephenZ...fMoneyScan44Mb

I found this book very good for a start but somethings need checking or being completed with more deep information.

Forex its not my main income source . Im just trying it , so dont follow
  • #1,130,308
  • Aug 26, 2017 1:41pm Aug 26, 2017 1:41pm
Quoting Connors
{quote} Oh dear Lord! It is really dangerous to listen to all sort of crap here. Fed wants to cut dollar supply??!! Oh God! I dont honestly know where to begin. Speechless tbh for this statement of yours. They also want to buy back dollars? Fed? Didnt know dollar was a commodity. There is actually a very easy way to cut dollar supply.. You just stop printing dollars. Actually since the time of Lincoln, US never wanted to cut dollar supply. Whenever there is a war on earth, you dont buy JPY or CHF, you buy dollar. It is the safest currency in the...
News: An oracle predicted that oil is going to 200$ .
And oil went to 140$ only by this news in few days, and there that "ORACLE" shorted it to bring it back to normal 100$ price.

i like this kind of news stuff, what i like more is, even prices are impacted by these news although temporarily
Holy Grail - Patience and Acceptance
  • #1,130,309
  • Aug 26, 2017 1:46pm Aug 26, 2017 1:46pm
Quoting Connors
{quote} Bro, I dont know where to begin and I am not your economy professor besides this isn't a classroom. Your knowledge about the whole thing is twisted, that's all I can say. If you are interested, start from Karl Max and keep on reading until you understand what world acknowledged economists write about the current stand of world monetary and fiscal policies. It is a deep subject, that relates to many aspects of the past two world wars and such. I wished it were easy to explain it all in a few posts. Another question: Up until the end of world...
Can't agree more...
best advice
Holy Grail - Patience and Acceptance
  • #1,130,310
  • Edited 2:34pm Aug 26, 2017 2:22pm | Edited 2:34pm
Quoting arjang
{quote} refinery production is 600K barrels above 2016. and they are pushing it harder! one storm + people in the line don't do any shit! and it will go lower.
Well I am not going to argue with you as I don't really trade Oil. I said possibly. Just read the news. GL.
https://en.trend.az/business/energy/2790562.html
  • #1,130,311
  • Aug 26, 2017 4:11pm Aug 26, 2017 4:11pm
Anyone bought EUR/USD right before the close? It would appear that a Gap up is expected.
  • #1,130,312
  • Aug 26, 2017 4:35pm Aug 26, 2017 4:35pm
If only it was this easy right?

Anyway let's argue a bit for better view
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  • #1,130,313
  • Aug 26, 2017 4:36pm Aug 26, 2017 4:36pm
Quoting falcon72202
{quote} if you look COT you can see that non-commercials increased their long position...so I do not know how investors worry about strong EUR?
the cot delays the release of that report so by the time you read it they are going short or vice versa.
I have seen that report be wrong as many time as right.
  • #1,130,314
  • Edited 5:17pm Aug 26, 2017 5:03pm | Edited 5:17pm
Quoting Ratmach
Alright, I've had such a problem with "discipline" that I'm gonna try something new. I KNOW what I should do, but no matter how many times I promise myself that THIS time I'll REALLY do it... well, I just mess up once again. So this time, instead of privately talking to myself about this, I'm going public. Maybe this will SHAME me into doing the right thing. So here's my thing. I've mentioned here several times that I like scalping. And while most of my trades (maybe 80%) fit the definition -- in and out within a few minutes, half hour max...

As I said, thank you for your post.

The fact is when you hope a negative trade will come back to your entry point you not only hope (which is not good in trading) but you also will miss opportunities in the new direction because your focus is somewhere else.

Maybe many times you saw your tight SL getting hit and then the trade continuing in the your original direction? Maybe that is the reason you do not define your exit point before you enter a trade and stick with it?

If that is the case then maybe a solution would be to place your SL at a technical point a step behind (maybe you need to increase your stake), but is best in my opinion to always define your risk before you enter a trade and stick with it unless you trail it in your direction, never against it. (back in hoping mode).

If you place your SL a step behind and it gets hit, then you need to accept you are reading wrongly and you need go back to the drawing board. (which I suggest you do anyway, every day after work even if you have a great day)

Scalping is not easy, because the RR is not that good, you have to be right most of the time and when you are not it can have an effect on you and on your trading.

An Instrument like EU can offer 5-6 high probably trades per day from LO to NA close, they have at least 60% probability to reach double of the risk, which is good.

We all have to find a style which relates to our personality, where taking a trade becomes effortless, then we know and it will be easy to be disciplined.

I think after your great post any advice can be out of touch but I thought about what you wrote and I felt I would give you my own perspective of it.

All the best.
trading is simple but is simple is not easy.
  • #1,130,315
  • Aug 26, 2017 6:33pm Aug 26, 2017 6:33pm
Quoting jusstin911
If only it was this easy right? Anyway let's argue a bit for better view {image}
Yea for sure ,,,,,, few things lining up just below your tgt if it is to continue up. The volume from Friday is a bit curious for me anyway,,,,Daily close or 2 below 1888 would lead to more curiosity lol and maybe back to last weeks high1837 well 2 weeks ago high now .As for your question yea,,,,,,,, at some point in time it will be back down there lol when, who knows ,,,,,,,,,,Oh boy shouldnt say this out loud ,, but,,, aint there a gap from 1.0775 to 1.0850 that needs closed ,,,,,,oh lol. At any rate my monthly atm
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  • #1,130,316
  • Aug 26, 2017 6:40pm Aug 26, 2017 6:40pm
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  • #1,130,317
  • Aug 26, 2017 9:56pm Aug 26, 2017 9:56pm
Quoting digger1
{quote} I feel for you bud ,,,,,, trading is not an easy row to hoe by any means , there is a few that pick it up and make it seem easy , but for most me included ,,takes a lot of time and several good painful nutshots from the mkt to get to where your at now ,,,,
Thanks, a lot of food for thought there. And I'll have to go back to check to be sure, but I think you're right about the times that are good to me and those that aren't. The more "boring" times are generally better considering all I care about is small moves over short periods of time. Sometimes I'm happy with 3 or 4 pips. Of course during more volatile times it's nice when it jumps 10 or 15 pips in my favor in a minute's time... but it's NOT so nice when it does the opposite.
  • #1,130,318
  • Aug 26, 2017 10:00pm Aug 26, 2017 10:00pm
Quoting ere3us
{quote} Good call OA - I think parity is a distant dream now.
True... UNLESS everyone suddenly remembers that big gap sitting there WAY below at 1.075
  • #1,130,319
  • Aug 26, 2017 10:24pm Aug 26, 2017 10:24pm
Quoting ZenNy
{quote}The fact is when you hope a negative trade will come back to your entry point you not only hope (which is not good in trading) but you also will miss opportunities in the new direction because your focus is somewhere else.
Hey, I really appreciate it. Thanks. And regarding that quote above, you're exactly right... and it's even worse than that. If I have an underwater trade in one pair, I HATE to take a trade going the opposite direction in a different pair that's usually correlated with the pair in the first trade. For instance, if I'm short NZD but it's been going up instead, it would make sense to go long in AUD (all other things being equal). But I'd have a real problem (psychologically) going long AUD, and so hoping it goes higher... when I know that most likely that'll mean the NZD will ALSO go higher... which is NOT what I want. Almost feels like I'm hedging... which to me amounts to treading water, at best.
  • #1,130,320
  • Aug 26, 2017 10:24pm Aug 26, 2017 10:24pm
Quoting Ratmach
{quote} True... UNLESS everyone suddenly remembers that big gap sitting there WAY below at 1.075
I very well remember that day! what a day!!
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