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Daily Trading Ideas

  • #17,921
  • May 30, 2019 5:44am May 30, 2019 5:44am
I see bullish on GU based on 4hr...
But seems with a lot of momentum to the downside.
However we're are in very good weekly/monthly support and TL.
1.26050 could be a good SL to get longs.
EG also should drop.
But GOLD is down and have positive correlation with GU.
  • #17,922
  • May 30, 2019 6:34am May 30, 2019 6:34am
stop out long +2 pips
i waiting us data
the forecast was below than previous
there is possible dxy drop if prelim gdp below or same forecast 3.1%
just my 2 cent view
PA Return Today: na
  • #17,923
  • May 30, 2019 7:08am May 30, 2019 7:08am
Guys my feeling is for US positive news. The bar has been set quite low.

May be wrong of course but I'll put a little money where my mouth is!
  • #17,924
  • May 30, 2019 7:11am May 30, 2019 7:11am
Quoting RegisMexes
{quote} account admin fees.
Again, admin fee apply only on certain pairs. I already applied for the swap free I'm waiting for approval. I'll find out if chat support is telling the truth.

https://pepperstone.com/en/forex-trading/swap-free
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  • #17,925
  • May 30, 2019 7:12am May 30, 2019 7:12am
Yesterday USDX rallied after pit session and when I thought it is about to turn. If they do that again then more down for GU.
  • #17,926
  • May 30, 2019 7:19am May 30, 2019 7:19am
from the data forecast
i think usd and cad both going down
i may wrong
PA Return Today: na
  • #17,927
  • May 30, 2019 7:22am May 30, 2019 7:22am
Quoting akim0895
{quote} if so when price drop to 1275/78 wait for some buy setup but risky mate ️
nice from bulls at gold ️
just for a cup of coffee...
  • #17,928
  • May 30, 2019 7:25am May 30, 2019 7:25am
Well I'm selling gold at this level - just a microlot!!
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  • #17,929
  • May 30, 2019 7:42am May 30, 2019 7:42am
Quoting Mtinifx
Well I'm selling gold at this level - just a microlot!! {image}
Closed - another non-event!!
  • #17,930
  • May 30, 2019 8:16am May 30, 2019 8:16am
DXY to head north ? 98.70
EURX to head south 103.38
-._.-
  • #17,931
  • May 30, 2019 8:27am May 30, 2019 8:27am
still not much action for today from Gu n others ️
just for a cup of coffee...
  • #17,932
  • May 30, 2019 8:28am May 30, 2019 8:28am
Quoting darksize
DXY to head north ? 98.70 EURX to head south 103.38
EU shoulds be there since last weeks but as usuall market maker play and wipe some retails like us..
but its fun to collects from some long n shorts ️
just for a cup of coffee...
  • #17,933
  • May 30, 2019 8:29am May 30, 2019 8:29am
Quoting akim0895
still not much action for today from Gu n others ️
EU is coming, lets take some stops
-._.-
  • #17,934
  • May 30, 2019 8:37am May 30, 2019 8:37am
Quoting darksize
{quote} EU is coming, lets take some stops
Nothing like stop hunt here.. Pure Tech been happening..
  • #17,935
  • May 30, 2019 8:38am May 30, 2019 8:38am
Quoting JayBag
{quote} Nothing like stop hunt here.. Pure Tech been happening..
Thats true, but what else moves the market than the stops and stop orders of others ? I see technicals in All stops anyway.
-._.-
  • #17,936
  • May 30, 2019 8:40am May 30, 2019 8:40am
Quoting darksize
{quote} Thats true, but what else moves the market than the stops and stop orders of others ? I see technicals in All stops anyway.
are you saying when/if we hit 1.09249 it would still be stop hunting?
there's no logic in that D.. think about it
  • #17,937
  • Edited 8:53am May 30, 2019 8:41am | Edited 8:53am
Quoting JayBag
{quote} are you saying when/if we hit 1.09249 it would still be stop hunting? there's no logic in that D.. think about it
There are always people that goes against your position.

Stop hunting is something that happens all the time, many people thinks its the market makers that do this, but mostly they are banks that are looking for liquidity and these stops are the best opportunity to make it happen.

This is interesting article about it: https://www.tradeciety.com/stop-hunt...rading-exists/

Well i have to admit, this was not clearly a stop hunting, but i learned to call it like that, sorry for the confusion. Because when the price beaks some support or resistance, and stays there, its still something that happend after some consolidation and orders accumulated, stops probably were there, they were broken with the move as well and that helped the price to move lower. Thats how i understand it.
-._.-
  • #17,938
  • May 30, 2019 8:45am May 30, 2019 8:45am
Quoting darksize
{quote} There are always people that goes against your position.
100% agree.. and that would just be unfortunate and not stop hunt.
I go the opposite side too but won't say it's stop hunt..
  • #17,939
  • May 30, 2019 8:47am May 30, 2019 8:47am
Quoting darksize
{quote} There are always people that goes against your position. Stop hunting is something that happens all the time, many people thinks its the market makers that do this, but mostly they are banks that are looking for liquidity and these stops are the best opportunity to make it happen.
You are quite correct sir.

https://www.dailyfx.com/sentiment/

"GBPUSD: 79.2% of Traders are Net-Long Suggesting Continued Depreciation of Sterling against the Dollar"
  • #17,940
  • May 30, 2019 8:54am May 30, 2019 8:54am
Bears better do it else we might get a bullish reversal. Dunno if DXY can keep pushing up almost near top resistance. Currently short but will reverse if have to.
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