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  • #881
  • Jun 1, 2018 2:34pm Jun 1, 2018 2:34pm
Quoting OMGtrader
tough week for me... Not apparent trends at all... There is no clear direction to be found in these few days.

I agree to this ad there has been so much noise. It seemed the cad was going to form a bullish trend until trump imposed tarrifs on Canada which killed the sentiment!!!!

Next week I am liking cable due to its cheap price. Pmi also came out positive.
  • #882
  • Jun 1, 2018 6:25pm Jun 1, 2018 6:25pm
Quoting Italman
Samson, I have read some of Your posts & it is nice to see that someone Agrees with Me that Fundamentals are the only way to truly be Successful at Forex or any other market i.e: stocks, crypto etc... I use Ransquawk, Reuters Eikon & Many other news services. I cannot fathom trading without Ransquawk & the edge that We get from that service. Reuters Eikon Metatrader is a paid service & I use it daily. Since I went to Fundamental trading I have had some very positive trades & finally seeing the light at the end of the tunnel. I have found a combination...
hey man can u dirrect me to that video?
  • #883
  • Jun 2, 2018 8:10am Jun 2, 2018 8:10am
Vladutz: The Video is the Very first post on this thread. The video is the reason I started using Ransquawk & searched out a fundamental Teacher i.e..:Jarratt davis. Samson, I continue reading these posts & I feel Your pain. Most TA traders will never understand the power of Fundamental Trading. Furthermore, They will never understand the edge that We have using a squawk like Ransquawk. My trading technique today is Simple KISS: Keep It Simple Stupid. I try to only trade the Main Daily events denoted in FF. I recently have been trading into these events with some good success. It has taken me a couple of years to really get to profitability. You & I are very similar in our trading history. I am beyond confident now in My trading. No trading system is 100% accurate. I will continue to be an 80% Fundamental Trader! Let the Haters Hate! Samson, Good Luck this week.
  • #884
  • Jun 4, 2018 1:07pm Jun 4, 2018 1:07pm
quite the confusing start to the week..

Looks like forex markets ignoring trade war talks and while selling safe havens. Like the start of the counter-trend period which usually is the hardest for trend followers.

JPY weakest
AUD strongest
Trade what you see, not what you think!
  • #885
  • Jun 4, 2018 1:23pm Jun 4, 2018 1:23pm
Quoting Samson85
{quote} I agree to this ad there has been so much noise. It seemed the cad was going to form a bullish trend until trump imposed tarrifs on Canada which killed the sentiment!!!! Next week I am liking cable due to its cheap price. Pmi also came out positive.
Cable is still risky to the downside, much harder to do counter-trend trading.

CAD may have some downside as Trump is increasingly throwing an wrench on NAFTA talks. CAD economic data had also been weaker as of late. Only supporting it from somewhat hawkish BOC on rates.
Trade what you see, not what you think!
  • #886
  • Jun 5, 2018 8:29am Jun 5, 2018 8:29am
Quoting OMGtrader
quite the confusing start to the week.. Looks like forex markets ignoring trade war talks and while selling safe havens. Like the start of the counter-trend period which usually is the hardest for trend followers. JPY weakest AUD strongest
Hey all,
so, why AUD was so strong at the beginning of the week, was because australian retail sales, business inventories and corporates operating profits were released and came much better than expected!!

Then, we had really convincing job numbers from the US!
-Unemployment rate fell to 3.8 percent, its lowest level since dot-com boom in early 2000
-net increase of 223.000 jobs reflected healthy gains in a broad range of industries, from manufacturing and transportation to healthcare and retailing.
-Average Hourly Earnings rose slightly, YoY now at 2.7%

Stock Indeces like S&P500 rose over 1% until market close.
Also the 10Yr Gov. bonds in the US dipped at the day.

Then, in the evening, the baker hughes rig count was released... it said, that more rigs get managed, means USOIL down, because if they can extract mor
(or produce), then there will be more Supply in the Oil market, means prices going down..
And USD up.. everything what is priced in dollar has an inverse correlation (more or less) ...

And even Trump tweeted before the news release (job numbers) "Looking forward to seeing the employment numbers at 8:30 this morning"..

So, all in all, it was RISK ON

So if there is risk on, JPY,CHF and Gold likely lose/fall


Many greetings

PS: I am 16 years old haha
  • #887
  • Jun 5, 2018 8:38am Jun 5, 2018 8:38am
Today's trade is the Aud/USD short based on bad data from aud last night and oil in turmoil. Also a retraement is due of the back of yesterdays rally from retail sales
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  • #888
  • Jun 5, 2018 8:40am Jun 5, 2018 8:40am
Quoting OMGtrader
{quote} Cable is still risky to the downside, much harder to do counter-trend trading. CAD may have some downside as Trump is increasingly throwing an wrench on NAFTA talks. CAD economic data had also been weaker as of late. Only supporting it from somewhat hawkish BOC on rates.
Yea I agree hence why I closed my cable and eur longs this morning.
  • #889
  • Jun 5, 2018 10:17am Jun 5, 2018 10:17am
Quoting Samson85
Today's trade is the Aud/USD short based on bad data from aud last night and oil in turmoil. Also a retraement is due of the back of yesterdays rally from retail sales {image}

Closed for 20 pips profit
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  • #890
  • Jun 6, 2018 5:44am Jun 6, 2018 5:44am
Looks like we are starting to see trends now...

Risk on mode as it seems.
Economic data coming strong for aud,eur,gbp

Weakest currency jpy,chf, USD in that order mainly of safe haven selloff.

Euro possibly resuming uptrend as rate increase talks comes back.
Trade what you see, not what you think!
  • #891
  • Jun 6, 2018 12:47pm Jun 6, 2018 12:47pm
Quoting OMGtrader
Looks like we are starting to see trends now... Risk on mode as it seems. Economic data coming strong for aud,eur,gbp Weakest currency jpy,chf, USD in that order mainly of safe haven selloff. Euro possibly resuming uptrend as rate increase talks comes back.
Market is pricing in a rate hike so now is the best time to get in. We could see euro surpass 1.26 come year end. Thursday ecb meeting is going to be fireworks.
  • #892
  • Jun 6, 2018 6:08pm Jun 6, 2018 6:08pm
Quoting Samson85
{quote} Market is pricing in a rate hike so now is the best time to get in. We could see euro surpass 1.26 come year end. Thursday ecb meeting is going to be fireworks.
wait for better entry.. USD still hv some rocket thruster next week..
Born to fuck
  • #893
  • Jun 7, 2018 11:38am Jun 7, 2018 11:38am
Quoting medalist
{quote} wait for better entry.. USD still hv some rocket thruster next week..
I just picked up a long on USDTRY I've never traded the exotics but It's close to the support level with looming USD interest rate decision and a possible buy the roomer sell the fact situation sense they just hiked interest rates and have a risk factor of elections coming. I do think USD will have a final rally re pricing in the market over the next few days but trade tensions and the ECB meeting have scared me, hard for the market to price in multiple directions. Anyways I'm no expert any advice or what you guys are thinking for the coming week/any advice on trading the exotics would be great!
  • #894
  • Jun 7, 2018 11:59am Jun 7, 2018 11:59am
Quoting JTexclusive
{quote} I just picked up a long on USDTRY I've never traded the exotics but It's close to the support level with looming USD interest rate decision and a possible buy the roomer sell the fact situation sense they just hiked interest rates and have a risk factor of elections coming. I do think USD will have a final rally re pricing in the market over the next few days but trade tensions and the ECB meeting have scared me, hard for the market to price in multiple directions. Anyways I'm no expert any advice or what you guys are thinking for the coming...

Lol I would not be longing that pair as it could go down further.
  • #895
  • Jun 7, 2018 12:33pm Jun 7, 2018 12:33pm
I took this trade based of bad trade balance results and the yen having a bid on most pairs over night. Fortunately for me north Korea situation is causing trump to drop verbal bombs
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  • #896
  • Jun 7, 2018 1:00pm Jun 7, 2018 1:00pm
Quoting Samson85
I took this trade based of bad trade balance results and the yen having a bid on most pairs over night. Fortunately for me north Korea situation is causing trump to drop verbal bombs {image}
I was on the other side of that trade... Got smashed today...

Got caught off guard with Aussie weakness on slight miss on the trade balance data... I think it was a bit over done. Any, how still a loss and move on.
Trade what you see, not what you think!
  • #897
  • Jun 7, 2018 11:24pm Jun 7, 2018 11:24pm
Quoting OMGtrader
{quote} I was on the other side of that trade... Got smashed today... Got caught off guard with Aussie weakness on slight miss on the trade balance data... I think it was a bit over done. Any, how still a loss and move on.
Funny enough I went long aud/USD at 1st and then closed it for a few pips. Trade balance came out poor for aud so I thought traders may use it as a dip buy.

The above trade is a very tiny position as I could see all yen pairs had a bid.

Quite frankly I'm not even liking how the market is behaving as there is so much noise. It's time like these where knowing how to trade stocks could help.
  • #898
  • Jun 8, 2018 4:29am Jun 8, 2018 4:29am
Quoting JTexclusive
{quote} I just picked up a long on USDTRY I've never traded the exotics but It's close to the support level with looming USD interest rate decision and a possible buy the roomer sell the fact situation sense they just hiked interest rates and have a risk factor of elections coming. I do think USD will have a final rally re pricing in the market over the next few days but trade tensions and the ECB meeting have scared me, hard for the market to price in multiple directions. Anyways I'm no expert any advice or what you guys are thinking for the coming...
Crazy mate.. hope u find your TP soon.. because super hawkish Turkey central bank and possible massive sell off right on FED hike 15 June. Its might going down for more.
Born to fuck
  • #899
  • Jun 8, 2018 4:31am Jun 8, 2018 4:31am
What u guys think abt Fed 2nd hike 15th June? massive sell-off or a fly?
Born to fuck
  • #900
  • Jun 8, 2018 5:09am Jun 8, 2018 5:09am
Quoting OMGtrader
{quote} I was on the other side of that trade... Got smashed today... Got caught off guard with Aussie weakness on slight miss on the trade balance data... I think it was a bit over done. Any, how still a loss and move on.
I just took a hit on a eur/USD long. The market has taken trumps antics regarding the G7 scenario too much to heart lol. 50 pip loss!!!!!! 0.3% on the account. #GoodRiskAtLeast
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