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General Trading Chat / Ideas

  • #2,321
  • Jun 25, 2019 10:41am Jun 25, 2019 10:41am
Quoting Oc6oph
{quote} Do you trade EURAUD
havent in a while ,, gbpaud more so but no time to keep up with them atm
  • #2,322
  • Jun 25, 2019 10:42am Jun 25, 2019 10:42am
EURUSD is sideways at the moment. At 1pm news, this should push to 1.1450 and up. I don't see any signs of this going to 1.1340. No volatility at the moment.
  • #2,323
  • Jun 25, 2019 10:47am Jun 25, 2019 10:47am
Quoting digger1
{quote} havent in a while ,, gbpaud more so but no time to keep up with them atm
Looks like a good short got in it earlier when I posted. Up about half my loss on EURUSD so far lol
ex nihilo
  • #2,324
  • Jun 25, 2019 10:49am Jun 25, 2019 10:49am
Quoting Oc6oph
{quote} Looks like a good short got in it earlier when I posted. Up about half my loss on EURUSD so far lol
good deal man .
  • #2,325
  • Jun 25, 2019 10:52am Jun 25, 2019 10:52am
Quoting digger1
{quote} good deal man .
Thank you much less stressful too than having to worry about what Powell might cause
ex nihilo
  • #2,326
  • Jun 25, 2019 11:04am Jun 25, 2019 11:04am
Quoting Oc6oph
{quote} Thank you much less stressful too than having to worry about what Powell might cause
lol,, they dont change much ,, just a fuel drop ,, mkt is gonna do what it was gonna do anyway,,it just might do it quicker is all
  • #2,327
  • Jun 25, 2019 11:07am Jun 25, 2019 11:07am
Quoting digger1
{quote} lol,, they dont change much ,, just a fuel drop ,, mkt is gonna do what it was gonna do anyway,,it just might do it quicker is all
so you mean news does not effect the market much except volatility???
MRMALIK1
  • #2,328
  • Jun 25, 2019 11:08am Jun 25, 2019 11:08am
Quoting digger1
{quote} lol,, they dont change much ,, just a fuel drop ,, mkt is gonna do what it was gonna do anyway,,it just might do it quicker is all
True im just going to sit on my hands until I see something good on my H4 didn’t have it here with EURUSD
ex nihilo
  • #2,329
  • Jun 25, 2019 11:09am Jun 25, 2019 11:09am
Attached Image (click to enlarge)
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  • #2,330
  • Jun 25, 2019 11:09am Jun 25, 2019 11:09am
digz bro any idea about Gold??do you see it more up??
MRMALIK1
  • #2,331
  • Jun 25, 2019 11:12am Jun 25, 2019 11:12am
Quoting mrmalik1
{quote} so you mean news does not effect the market much except volatility???
for the most part yea ,, its the same ole shit tht comes out every month ,, the same ole time same ole same ole ,, in this electronic age the big boys can figure tht shit out as well as anybody ,, central banker flapping his trap can cause some gyrations ,, but the mkt is still gonna do what it was ,, just may happen quicker
  • #2,332
  • Jun 25, 2019 11:20am Jun 25, 2019 11:20am
Quoting mrmalik1
digz bro any idea about Gold??do you see it more up??
at a 6 year high atm ,, sure some momentum funds eyeing it or already in ,, could be a quick trip to the ole 272 level ,, all depends on the geopolitical scene I reckon ,,
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out of quarterly levels lol,, weekly ,,still a few to get yet this week ,, bit of a pause here tho at them highs ,, so careful if ya thinking of doing something ,, dont chase it
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  • #2,333
  • Jun 25, 2019 11:20am Jun 25, 2019 11:20am
Quoting mrmalik1
{quote} so you mean news does not effect the market much except volatility???
The forex market is primarily driven by overarching macroeconomic factors. These factors influence a trader's decisions and ultimately determine the value of a currency at any given point in time. The economic health of a nation's economy is an important factor in the value of its currency.
  • #2,334
  • Jun 25, 2019 11:21am Jun 25, 2019 11:21am
Quoting Techanalyst
{image}
Does taking the side of the minority work out
ex nihilo
  • #2,335
  • Jun 25, 2019 11:23am Jun 25, 2019 11:23am
Quoting Oc6oph
{quote} Does taking the side of the minority work out
Usually does. But sometimes it does not. Sometimes the MM will want retail to earn some money so they get excited and think that they did something right. But next move same thing happens and stop losses are triggered and it's done. But you don't just look at sentiment, take a look at the chart and news too. You will know overall. I think EURUSD will still go up because of Powell speech and the fact that USD is still weak so EUR will benefit. At least for today. But it is just maybe, can't predict the future. Keep in mind there is G20 this week, that may fix things up with China and US and USD will go up and EUR will go down. CB consumer today actual was lower then forecast so it is bad for USD dollar. Keep in mind that a lot of traders are calling EURUSD to sell, sell,sell a lot of traders. So the orders are filled, what do you think MM will do? They collect the orders and push the price up more. EURUSD still has room to go up. We will see.
  • #2,336
  • Jun 25, 2019 11:27am Jun 25, 2019 11:27am
it was the previous low thing tht scorched the bears M ,, same thing can happen to the bulls ,, so as always ,, watch your marks ,, what is the next level above or below ,,
  • #2,337
  • Jun 25, 2019 11:28am Jun 25, 2019 11:28am
Quoting Techanalyst
{quote} Usually does. But sometimes it does not. Sometimes the MM will want retail to earn some money so they get excited and think that they did something right. But next move same thing happens and stop losses are triggered and it's done. But you don't just look at sentiment, take a look at the chart and news too. You will know overall. I think EURUSD will still go up because of Powell speech and the fact that USD is still weak so EUR will benefit. At least for today. But it is just maybe, can't predict the future. Keep in mind there is G20 this...
I think it’s probably going up but definitely wouldn’t be buying here. When I first started trading I’d make that mistake of buying the top and it would have always been a perfect sell entry
ex nihilo
  • #2,338
  • Jun 25, 2019 11:31am Jun 25, 2019 11:31am
Quoting Oc6oph
{quote} I think it’s probably going up but definitely wouldn’t be buying here. When I first started trading I’d make that mistake of buying the top and it would have always been a perfect sell entry
Remember there is no such a thing as the top or bottom. I mean the only bottom is zero, but in this case so far it has not reach the zero, so no top or bottom. There is no such a thing as overbought or oversold. The price will do what it'll do. Just because a lot of traders are thinking like you to sell because they think it has reached "top" most likely this price will go higher.

Look at the weekly chart on EURUSD.
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  • #2,339
  • Jun 25, 2019 11:32am Jun 25, 2019 11:32am
Placed buy limit at 1.1340 TP 1.1450 in case if it was to spike down
ex nihilo
  • #2,340
  • Jun 25, 2019 11:34am Jun 25, 2019 11:34am
Quoting Techanalyst
{quote} Remember there is no such a thing as the top or bottom. I mean the only bottom is zero, but in this case so far it has not reach the zero, so no top or bottom. There is no such a thing as overbought or oversold. The price will do what it'll do. Just because a lot of traders are thinking like you to sell because they think it has reached "top" most likely this price will go higher. Look at the weekly chart on EURUSD. {image}
Yes there’s no over sold and over bought but you know what I mean I’d buy and there would be this green line as my entry and price would never get back there would have been perfect short.
ex nihilo
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