AU getting ready for TREMENDOUS upside, once PA.
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Disliked{quote} Losing trade is when you are clearly wrong and basically you are pulling the plug and reached your max loss criteria you set for yourself read page 1 on sL. DD trade is when trades are within prospects of becoming winners. MY AU UJ very winning potential and DD here is normal.Time is a factor again in trading.This week is very bullish on USD next week could turn around and correction maybe in the cards.If I think I am wrong on both UJ and AU and PA continues bullish USD I will pull the plug but not there yet.Ignored
DislikedListen guys and I am going to say this last time CHF is inverse of Euro.Same set up is almost exactly on EU but there is a difference CHF -0.75 EU 0 Which is more expensive to trade against USD! That's -2.75 swap daily from your account vs 2.0 If you think this does not matter think again everything adds up.Ignored
Disliked{quote} On top of that. The CHF is the most heavily manipulated currency of any developed nation and based on the volume also a very small currency. Switzerlands currency by nature is strong as it - I believe by 25% or more backed up by Gold. Switzerland obviously has close economic ties to the Eurozone. They cannot allow their currency to get too strong. In 2014 the central bank dropped their peg to the Eur and let the CHF appreciate. Almost 3000 !!!! pips in a matter of minutes and there was no way any stop loss would have protected you because...Ignored
DislikedKeep in mind every swing basically ends with a spike. MM push take stops create liquidity then unload their main positions.Ignored
DislikedListen guys and I am going to say this last time CHF is inverse of Euro.Same set up is almost exactly on EU but there is a difference CHF -0.75 EU 0 Which is more expensive to trade against USD! That's -2.75 swap daily from your account vs 2.0 If you think this does not matter think again everything adds up.Ignored
DislikedI'm hoping we can get reversal here in AU. Looking for buy signal at this next candle close. {image}Ignored
DislikedAm also in AN. No need to fear Watching EN too. its pattern on H4 is lining up with pivot.Ignored
Disliked{quote} Prof, I will really like to hear your fundamental view (medium to long term) on the EURO, in light of the developments today. Thank youIgnored
Disliked{quote} Short term is good news for European economy as interest rate hikes are postponed. But, not so good if the economy is weakening as it seems to be. End of QE will only come once economy is stronger and after interest rate hikes. So I guess this means E down for some time, unless a catalyst of some sort appears. Trade war is heating up and Europe is a very open economy to the rest of the world. Brexit muddles are not helping either. Long-term, euro has many problems - overindebtedness. Can it stand on its own two feet without QE? Only time...Ignored