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  • #1,121
  • Aug 24, 2018 9:08am Aug 24, 2018 9:08am
Dovish fed but tbh it seems he is backing down to trump fed powell
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  • #1,122
  • Aug 24, 2018 9:59am Aug 24, 2018 9:59am
Quoting Samson85
Dovish fed but tbh it seems he is backing down to trump fed powell {image}
why? here are the quotes from


https://www.cnbc.com/2018/08/24/powell-sees-further-gradual-rate-hikes-ahead-as-economy-continues-to-hum.html

Quote
Fed Chairman Jerome Powell said Friday he expects to see further interest rate increases ahead.


Quote
"With solid household and business confidence, healthy levels of job creation, rising incomes, and fiscal stimulus arriving, there is good reason to expect that this strong performance will continue," he said.


Quote
few other Fed officials have told CNBC they are committed to maintaining independence from political pressures.


I had opened shorts, but closed them with small losses once I have read your answer, thank you.
Only this looks dowish:
Quote
said he doesn't see inflation moving materially higher.
  • #1,123
  • Aug 24, 2018 10:02am Aug 24, 2018 10:02am
Recession here we come......
  • #1,124
  • Aug 24, 2018 10:14am Aug 24, 2018 10:14am
Hmm, fxstreet also says:

Quote
He says that there is no sign of accelerating inflation, which is somewhat dovish.

https://www.fxstreet.com/currencies/eurusd
  • #1,125
  • Aug 24, 2018 10:25am Aug 24, 2018 10:25am
Quoting SPeedFANat1c
Hmm, fxstreet also says: {quote} https://www.fxstreet.com/currencies/eurusd
I guess markets wanted some kind of reason to sell the USD now, seems like sentiment has shifted in bearish USD for the short term.
Trade what you see, not what you think!
  • #1,126
  • Aug 24, 2018 10:30am Aug 24, 2018 10:30am
Quoting OMGtrader
{quote} I guess markets wanted some kind of reason to sell the USD now, seems like sentiment has shifted in bearish USD for the short term.
Mate this is the worse time to be trading fundamentals as there is no straight direction. Fed hikes are coming, but will that be enough to keep buying USD.

The only move which I wish I had traded was that political mess with AUD.
  • #1,127
  • Aug 24, 2018 10:32am Aug 24, 2018 10:32am
Quoting Samson85
{quote} Mate this is the worse time to be trading fundamentals as there is no straight direction. Fed hikes are coming, but will that be enough to keep buying USD. The only move which I wish I had traded was that political mess with AUD.
yes, at this point... An counter-trend is forming on the USD as fundamentals is not trading with prices. It is always the hardest thing for traders to get through assuming they are trend followers. Many many have gone mad during counter-trends...
Trade what you see, not what you think!
  • #1,128
  • Aug 24, 2018 10:36am Aug 24, 2018 10:36am
Quoting Samson85
{quote} Mate this is the worse time to be trading fundamentals as there is no straight direction. Fed hikes are coming, but will that be enough to keep buying USD. The only move which I wish I had traded was that political mess with AUD.
i did get some Aus/usd short during the political news... a decent trade that was forming... until the next night... prices reversed on the new PM of Australia news... Tough...Brutal trades...
Trade what you see, not what you think!
  • #1,129
  • Aug 24, 2018 11:35am Aug 24, 2018 11:35am
Quoting OMGtrader
{quote} i did get some Aus/usd short during the political news... a decent trade that was forming... until the next night... prices reversed on the new PM of Australia news... Tough...Brutal trades...
Yikes. TBH you should not have held that overnight.

I saw the same thing happen last year with the NZD madness. Quick reversal overnight.
  • #1,130
  • Aug 24, 2018 11:36am Aug 24, 2018 11:36am
Quoting Samson85
{quote} Mate this is the worse time to be trading fundamentals as there is no straight direction. Fed hikes are coming, but will that be enough to keep buying USD. The only move which I wish I had traded was that political mess with AUD.
so maybe now will be a sidelines price move and we could search for buy USD oportunities but not expect huge distance for take profit, like eurusd max 1.15 TP. Now it is interesting if those crossed resistance lince will be broken or not. Mayby price will be capped by them and supported by 1.15 until actual rate hike in september.

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  • #1,131
  • Aug 24, 2018 11:36am Aug 24, 2018 11:36am
Hello All,

Please read my new thread where I explain which prop firms offer retail traders trading capital for a monthly fee which means you will never ever blow your personal bank account or be in debt. It is risk free and you dont account for any losses



https://www.forexfactory.com/showthread.php?t=812341
  • #1,132
  • Aug 24, 2018 11:52am Aug 24, 2018 11:52am
Quoting Samson85
{quote} Yikes. TBH you should not have held that overnight. I saw the same thing happen last year with the NZD madness. Quick reversal overnight.
Hindsight, probably yes. Didn't really occur to me that things materialized so fast for the Aussies. I guess they don't waste time and get to the point. Oh well...shit happens...
Trade what you see, not what you think!
  • #1,133
  • Aug 27, 2018 2:11am Aug 27, 2018 2:11am
Quoting Samson85
{quote} Still in the trade now and it's been a week. Hoping for a dollar push up on this. {image}

Still in USD/TRY and just patiently waiting on the dollar to kick in or for the Turkey news to resume to the recent norm
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  • #1,134
  • Aug 27, 2018 7:37am Aug 27, 2018 7:37am
I had no intentions to trade today but someone I know took this technical set up. So it's a position with low risk and high reward so let's see.
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  • #1,135
  • Aug 27, 2018 7:46am Aug 27, 2018 7:46am
Quoting Samson85
I had no intentions to trade today but someone I know took this technical set up. So it's a position with low risk and high reward so let's see. {image}
Are you long this pair?
  • #1,136
  • Aug 27, 2018 11:47am Aug 27, 2018 11:47am
Quoting Samson85
I had no intentions to trade today but someone I know took this technical set up. So it's a position with low risk and high reward so let's see. {image}
Stopped out. That's what happens when I trade technicals and break my rules
  • #1,137
  • Aug 27, 2018 11:48am Aug 27, 2018 11:48am
Quoting 4rXal-ghul
{quote} Are you long this pair?
Nope and a very very silly trade!!!!!
  • #1,138
  • Aug 27, 2018 1:07pm Aug 27, 2018 1:07pm
So did Trump comments end? Looks like 1,1510 or so now will be strong support. Fed dowish, how do we interpred todays Trump comments?

It is interesting that 1,151 was broken so easily comparing to how strong it looked. Thats why somehow it feels that everything is seriously going up more often.
  • #1,139
  • Aug 28, 2018 12:03am Aug 28, 2018 12:03am
Opened long eurusd, plan to hold till tomorrow Prelim GDP q/q.
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Looks like small impact forecasts are also good for eur and bad for usd. Just did not understand yesterdays Trump comments - is that good or bad for dollar. But yesterday candle does not show that they are good for dollar.

Retail traders sentiment also support my decition - long are 36 % on myfxbook.

Plys it closed above resistance level, which now is the support.

https://dailypriceaction.com/weekly-forex-forecast/august-27-31-2018

Quote
A daily close (using a
Quote
New York close chart (https://www.blueberrymarkets.com/lp/dailypriceaction)) above 1.1660/70 could present a buying opportunity for a move back to 1.1830.


Looking at the H1 chart it also looks like it stopped near support, which is additional good thing:
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  • #1,140
  • Aug 28, 2018 6:14am Aug 28, 2018 6:14am
Usdcad trade from yesterday's nafta event.

Hoping it hits the TP today but I may extend it longer but let's see.

I am also in a usd/mxn Trade which is in drawdown
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