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  • #901
  • Jun 8, 2018 8:01am Jun 8, 2018 8:01am
Quoting Samson85
{quote} 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
Lots of noise in this market indeed. Nothing fundamental related on the Yen pairs now as it is mostly risk on and risk off approach. The Yen again caught a bid overnight, but looking to cool this morning. Likely going to be choppy in the coming days if not weeks.

The CAD reported second straight poor employment numbers. Hoping to see some further weakness.
Trade what you see, not what you think!
  • #902
  • Jun 8, 2018 2:17pm Jun 8, 2018 2:17pm
but of course... CAD trending higher after all that... Hm..
Trade what you see, not what you think!
  • #903
  • Jun 10, 2018 9:12pm Jun 10, 2018 9:12pm
Quoting medalist
{quote} 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.
No doubt it could go down more but I think it's a good buy based on being right at support so the risk and reward is good if it breaks the level I don't loose much but it has room for substantial growth and the market is usually buying the roomer selling the fact so if the initial reaction didn't break the support then it may hold. Also i think the market will be re pricing in the fed hike so we will see some dollar strength but all the noise in the EUR ending QE and trade worries I'm not confident in other markets.
  • #904
  • Jun 10, 2018 9:33pm Jun 10, 2018 9:33pm
But, we are sticking with Technical. which turned us a good profitable traders.
  • #905
  • Jun 11, 2018 3:16am Jun 11, 2018 3:16am
What's happening why is there so much noise right now? Everything is more volatile than usual.
  • #906
  • Jun 11, 2018 3:36am Jun 11, 2018 3:36am
When Market is stable, that time technical analysis of a particular stock is effective. But when some news or event happens then fundamental analysis is the most effective.
  • #907
  • Jun 11, 2018 7:24am Jun 11, 2018 7:24am
CAD did end up falling as you guessed it would, but the market doesn't like to take a straight path to any logical conclusion.
  • #908
  • Jun 11, 2018 7:31am Jun 11, 2018 7:31am
Quoting clemmo17
CAD did end up falling as you guessed it would, but the market doesn't like to take a straight path to any logical conclusion.
lots of political speculation on trade war tensions now. Looks like Trump is fixated on Canada right now on the trade front as trade talks seems to slow down. I still see continuing weakness in the CAD until economic data and political tensions ease. Only thing holding the CAD from free fall plunge is an hawkish BOC, though BOC's rate views will depend on trade talks.
Trade what you see, not what you think!
  • #909
  • Jun 11, 2018 8:04am Jun 11, 2018 8:04am
Well i think, in forex market technicals comes first as it contains traders’ psychology. Also the study about currency strength and weakness or money flow can be identified through technical analysis first as it is a brief study of psychology of market participants supported by the fundamentals. Once fundamental news is out then technical strategies gets more momentum. So I recommend that looking into technicals more closely in forex market, and backing it up by the fundamental news.
  • #910
  • Jun 11, 2018 8:57am Jun 11, 2018 8:57am
Today's Trade:

Dip bought cable based on poor data release.

On Managed accounts I bought eur/jpy based on Risk on sentiment (Not the best entry).
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  • #911
  • Jun 11, 2018 9:07am Jun 11, 2018 9:07am
Quoting Samson85
Today's Trade: Dip bought cable based on poor data release. On Managed accounts I bought eur/jpy based on Risk on sentiment (Not the best entry). {image} {image}

Just closed cable due to it retracing for 15 pip profit
  • #912
  • Jun 11, 2018 12:33pm Jun 11, 2018 12:33pm
Quoting OMGtrader
{quote} lots of political speculation on trade war tensions now. Looks like Trump is fixated on Canada right now on the trade front as trade talks seems to slow down. I still see continuing weakness in the CAD until economic data and political tensions ease. Only thing holding the CAD from free fall plunge is an hawkish BOC, though BOC's rate views will depend on trade talks.
I think the weak data is the main driver for CAD bears. Trump is all over the map and has virtually no friends except for Putin and Kim Jong-Un. What a crazy world!

When (if) the BOC raises it will take many by surprise and should be a good bit of volatility to ride up. If they don't raise I think it will propel EURCAD up and CADJPY down. USDCAD probably will be more muted, as you say, because of the trade war uncertainty.
  • #913
  • Jun 11, 2018 2:35pm Jun 11, 2018 2:35pm
Quoting clemmo17
{quote} I think the weak data is the main driver for CAD bears. Trump is all over the map and has virtually no friends except for Putin and Kim Jong-Un. What a crazy world! When (if) the BOC raises it will take many by surprise and should be a good bit of volatility to ride up. If they don't raise I think it will propel EURCAD up and CADJPY down. USDCAD probably will be more muted, as you say, because of the trade war uncertainty.
seems like the summer trading is creeping... the most difficult time of the year since volume and liquidity really starts to dry up.
Trade what you see, not what you think!
  • #914
  • Jun 11, 2018 9:09pm Jun 11, 2018 9:09pm
Any word on what positions the banks are taking this week? Hell of a week for fundamentals
  • #915
  • Jun 12, 2018 11:09am Jun 12, 2018 11:09am
Risk free trade on cable trading the brexit vote
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  • #916
  • Jun 12, 2018 11:19am Jun 12, 2018 11:19am
Quoting Samson85
Risk free trade on cable trading the brexit vote {image}
Closed for 20 pips
  • #917
  • Jun 12, 2018 11:36am Jun 12, 2018 11:36am
Quoting Samson85
{quote} Lol I would not be longing that pair as it could go down further.
LOL
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  • #918
  • Jun 12, 2018 2:01pm Jun 12, 2018 2:01pm
Quoting suttos
Any word on what positions the banks are taking this week? Hell of a week for fundamentals
The only thing I saw was long usd/cad
  • #919
  • Jun 12, 2018 7:55pm Jun 12, 2018 7:55pm
Question for the group, given Brexit is now looking like a dead duck why is the GBPUSD not heading back towards its previous levels around the 1.40 mark. Is it good buying down here?
  • #920
  • Jun 12, 2018 11:46pm Jun 12, 2018 11:46pm
Two trades: eur/jpy and eur/usd. Jpy is in profit and close to hitting target due to risk on sentiment and usd is in the negative. I bought the usd pair as it was on a dip based on Powell saying he will hold press conference for every Fomc (stupid gambling traders buying based on Powell saying he will hold conferences is pathetic). The ultimate risk to the usd trade is usd had good cpi results yesterday and the sentiment may continue until the rate release later where traders could take profit due to a priced in hike.
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