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EURUSD

  • #1,130,341
  • Aug 27, 2017 12:50pm Aug 27, 2017 12:50pm
Quoting NotAtrader
1.1960 now At some point EUR/USD will get smashed down. This cannot continue endlessly. Pretty scary outcome is around the corner.
Hmm I have never traded a bearish market so it would be interesting. I agree with you as this euro push just makes no sense to me.

I am enjoying the euro go up and down like the CHF does because entry points have become easier.
  • #1,130,342
  • Aug 27, 2017 12:59pm Aug 27, 2017 12:59pm
Quoting NotAtrader
1.1960 now At some point EUR/USD will get smashed down. This cannot continue endlessly. Pretty scary outcome is around the corner.

Quoting NotAtrader
{quote} Well I think the move you are talking about has not much with the hike to do i m o. It is more a response to the election and the promise about fiscal stimulus and the aims to protect the working places of the American worker. The hike market move is rather sentimental and when the hike is a fact then you will see the EUR crash under parity. NaT

Quoting NotAtrader
Looks like EUR will crash down
Quoting NotAtrader
{quote} Possibly yes. But he's got a point. Rate hike in USA is pretty much gone deal in addition to the hawkish tone expected from Janet Yellen. This, beside bad sentiment about the elections in Europe, can see the EUR as low as 1.01xx. Hence making statements like this is the only way to prevent euro-crash during the coming days.

Quoting NotAtrader
EUR/USD can be heading down no matter who wins. Here is the reason why: The EU is the biggest and the most important trading partner of USA. A win for Macron will be holding EU together which is extremely positive for USA's economy. This means that if Macron wins both currencies' indexes will go up. Thus the relation EUR/USD will remain stable and pretty unchanged in the very beginning (except the big spikes on the Election Day). But the fact that investors believe more in the future of USA's economy, will see the pair heading south in the longer...

When..?



Mate you really need to take control of your bias.
  • #1,130,343
  • Aug 27, 2017 1:03pm Aug 27, 2017 1:03pm
The euro is up 26 points smh. Just got stopped out of my trades!!!!!!

This thing ain't going down
  • #1,130,344
  • Aug 27, 2017 1:06pm Aug 27, 2017 1:06pm
Quoting Samson85
The euro is up 26 points smh. Just got stopped out of my trades!!!!!! This thing ain't going down
yikes thank god i closed my short...i may be aggresive SOB, but never going to let go of losing trades and blow up accounts..

aggressive gambling with a touch of sanity......
  • #1,130,345
  • Aug 27, 2017 1:08pm Aug 27, 2017 1:08pm
Quoting Connors
{quote} {quote} {quote} {quote} {quote} When..? Mate you really need to take control of your bias.
Don't make me search your post where you predicted 1.09xx and even 1.05xx by the end of the summer. I am too tired for this. This is your lucky day.
Just kidding

Cheers buddy. Did you try the mix I suggested? How the BBQ party went on Friday eve?

Hey I am not biased. Just a little bit. But again we all are.
Honestly Connors, don't you really think it's time to short this bitch?
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,130,346
  • Aug 27, 2017 1:10pm Aug 27, 2017 1:10pm
Quoting hilmy83
{quote} yikes thank god i closed my short...i may be aggresive SOB, but never going to let go of losing trades and blow up accounts.. aggressive gambling with a touch of sanity......
Why would any sane trader leave an open short position when it moved on the last day of the week 50% more than average daily range to the upside.
  • #1,130,347
  • Aug 27, 2017 1:17pm Aug 27, 2017 1:17pm
Quoting Samson85
The euro is up 26 points smh. Just got stopped out of my trades!!!!!! This thing ain't going down
And GBP/USD is up 50 pips !!!

I don't remember such a huge 50 pips gap on GBP/USD...
I am who I am
  • #1,130,348
  • Aug 27, 2017 1:19pm Aug 27, 2017 1:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdpro-w1-gain-capital-group-2.png Size: 36 KB

now I am not saying it will go higher but this is forex and to think it can't go higher is wrong because it can
  • #1,130,349
  • Aug 27, 2017 1:19pm Aug 27, 2017 1:19pm
Quoting NotAtrader
{quote} Don't make me search your post where you predicted 1.09xx and even 1.05xx by the end of the summer. I am too tired for this. This is your lucky day. Just kidding Cheers buddy. Did you try the mix I suggested? How the BBQ party went on Friday eve? Hey I am not biased. Just a little bit. But again we all are. Honestly Connors, don't you really think it's time to short this bitch?

Oh yes, I fecked up real bad with the prediction I had for August as well man.
I really expected at least a test of 1.1490 in August, mamma mia what was I thinking??!!?

It is clearly a little late to long, that's given man, apart from a few long scalps from a few levels below 1.1850, I will hesitate to keep an overnight long position. At some point it may crash,impossible to know when of course for me.

It has been another Bull month, my experience tells me it won't go down straight away from here since, it is common for PA to end the month close to month high or month low after/when there is such momentum. So for me seeking short trades is OK but won't expect miracles. They will most likely piss off the last remaining believer first and then begin taking profits. Also bear in mind, everything about EUR is turning into medium/long term Bullish once it starts printing hourly closes above 1.20xxs.

Caution is advised, no need to be a hero man. Let's see some reversals on higher time frames first, it is flying too close to the sun..
  • #1,130,350
  • Aug 27, 2017 1:21pm Aug 27, 2017 1:21pm
Euro and Pound are opening with 40 $ 60 pips Gap Up!!!!
  • #1,130,351
  • Aug 27, 2017 1:32pm Aug 27, 2017 1:32pm
Quoting Connors
{quote} Why would any sane trader leave an open short position when it moved on the last day of the week 50% more than average daily range to the upside.
Well I had a stop loss on it and I kept it open as it was coming of a previous spike as we all know but never did I anticipate the Asia market to continue buying it.

Learning experience mate.

Plz don't take it out on me just because your boy McGregor got whooped
  • #1,130,352
  • Aug 27, 2017 1:39pm Aug 27, 2017 1:39pm
Quoting Samson85
{quote} Yes it is a serious statement!! You shouldn't care about spreads. The most important thing is The reliability of your broker. If your worried about paying a 2.0 spread and your trading at £10 per point then you need to rethink your career. Your focus should be your pip target not spread charges. If anything you should be worried more about the margin required to use pairs. Try trading the eur/nok or eur/pln and look at margin required to trade those pairs
so if my spread is 2.0 and i have a 20 pip SL... really it is 18 pips and im stopped... what a ridiculous statement
  • #1,130,353
  • Aug 27, 2017 1:42pm Aug 27, 2017 1:42pm
Quoting Samson85
{quote} Well I had a stop loss on it and I kept it open as it was coming of a previous spike as we all know but never did I anticipate the Asia market to continue buying it. Learning experience mate. Plz don't take it out on me just because your boy McGregor got whooped
No no, not taking out anything man.
Also happy that McG came back home with an additional 100 Mil bank account.
Yes, call it a lesson man, and when there is such momentum, it is not common to give back some of the move straight away. Some large funds clearly got the memo and they may be forced to reduce their exposure according to fund's agreed terms on how much losses they are allowed to carry. Panic. That's when the big boys make most of their income. Everyone is feeling the pressure now, Imagine some have been shorting while it was trading even below 1.0750s.. 1000 pips on the wrong side can shut down any fund.
  • #1,130,354
  • Aug 27, 2017 1:47pm Aug 27, 2017 1:47pm
Quoting Don96
{quote} so if my spread is 2.0 and i have a 20 pip SL... really it is 18 pips and im stopped... what a ridiculous statement
Well your brain should tell you to apply 22 pips then. Like I said I don't get why you are *itching about spreads and commissions. Your target should be focused on pips.

You lack commonsense and drive. It was only last month you accused NotATrader of being on a demo yet you are acting like a woos about spreads. You sound like your on job seekers allowance and spread is make or break for you. Should using a platform be free? Smh!!!

So let me get this straight before making a trade you take the spread into consideration? When you were younger did u care whether it was an Adidas or nike ball you were kicking into the goal? The main point is to get the ball into the goal not what type of ball it is. Man up and grow a pair!!
  • #1,130,355
  • Aug 27, 2017 2:00pm Aug 27, 2017 2:00pm
Quoting Samson85
{quote} Well your brain should tell you to apply 22 pips then. Like I said I don't get why you are *itching about spreads and commissions. Your target should be focused on pips. You lack commonsense and drive. It was only last month you accused NotATrader of being on a demo yet you are acting like a woos about spreads. You sound like your on job seekers allowance and spread is make or break for you. Should using a platform be free? Smh!!! So let me get this straight before making a trade you take the spread into consideration?...
your brain must not understand...

whether the stop is 1000000 pips or 22 pips... if your spread is 2.0 pips... its 1.5 less than it could be and therefore more likely to get stopped............................

am i missing something? my math or something again?

you are literally something else
  • #1,130,356
  • Aug 27, 2017 2:01pm Aug 27, 2017 2:01pm
Quoting Samson85
{quote} Well your brain should tell you to apply 22 pips then. Like I said I don't get why you are *itching about spreads and commissions. Your target should be focused on pips. You lack commonsense and drive. It was only last month you accused NotATrader of being on a demo yet you are acting like a woos about spreads. You sound like your on job seekers allowance and spread is make or break for you. Should using a platform be free? Smh!!! So let me get this straight before making a trade you take the spread into consideration? When you were younger...
Not cool mate not cool.
Let's calm down shall we, a very tough week is ahead of us.

Don is a very good - brilliant actually - trader and I vouch for him at all times, I think you two misunderstood each other.
  • #1,130,357
  • Aug 27, 2017 2:06pm Aug 27, 2017 2:06pm
Woops

Guess who carried their longs over the weekend

This reminds me of August 25th 2014 gap, veery similar case - just flipped
Pension fund Return This Month: 2.2%
  • #1,130,358
  • Aug 27, 2017 2:11pm Aug 27, 2017 2:11pm
Quoting ZenNy
Strange..... now we are all bulls.............it makes me think maybe this is time for me to start thinking bear.... Technically we just had a DT without a build up, also a cup....needs a handle....18-1850? Or a pull back to the average (daily).....time will tell.
short 1940
trading is simple but is simple is not easy.
  • #1,130,359
  • Aug 27, 2017 2:11pm Aug 27, 2017 2:11pm
Quoting Connors
{quote} Not cool mate not cool. Let's calm down shall we, a very tough week is ahead of us. Don is a very good - brilliant actually - trader and I vouch for him at all times, I think you two misunderstood each other.
i am very confused...

how is spread irrelevant....

it also gets you a better fill if its lower...

this guy has ABSOLUTELY NO idea of what he is doing surely...

considering spread is the cost of the trade essentially... why the fuck would you want to be paying 3 or 4x what you need to...

please enlighten me if i am missing the point...
  • #1,130,360
  • Aug 27, 2017 2:11pm Aug 27, 2017 2:11pm
Quoting Don96
{quote} your brain must not understand... whether the stop is 1000000 pips or 22 pips... if your spread is 2.0 pips... its 1.5 less than it could be and therefore more likely to get stopped............................ am i missing something? my math or something again? you are literally something else
See this why your not built for this. You are still focusing on the spread and not the goal.

So your scared of being stopped? Well something tells me you're never going to drive an exotic car because believe me you'll get 'stopped' by feds from time to time due to the value of it. Think about the growing the value of your account and not being stopped due to spreads.

Do you only 'spread' half your toast with butter because your afraid of running out of butter? 'Stop' acting like a *ussy!!

I have witnessed you come down hard on ppl in here and try and put them down but when I see you crying about spreads It's like your contradicting yourself and taking the piss!!
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