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  • #93,081
  • Aug 8, 2019 9:48am Aug 8, 2019 9:48am
May be he wants FED cut more 1% this September lol
It's life let's live and enjoy
  • #93,082
  • Aug 8, 2019 9:51am Aug 8, 2019 9:51am
The fish bone daily looks set to continue and maybe even tomorrow as it did few weeks back. No change from my expected shorts. I just run the algo bot for next week if we stay here on friday close and its still very short so just be patient and do something more exciting instead.
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  • #93,083
  • Aug 8, 2019 9:52am Aug 8, 2019 9:52am
Good Day for retailers particularly scalpers
Trade safe guys
  • #93,084
  • Aug 8, 2019 9:52am Aug 8, 2019 9:52am
Quoting dcbrit2003
{quote} https://www.forexfactory.com/news/93...ld-be-thrilled
Thanks
Risk comes from not knowing what to do
  • #93,085
  • Aug 8, 2019 9:53am Aug 8, 2019 9:53am
Trump has come again with his attack on fed, apart from the traditional analyses, Trump has become a factor to always look forward to
  • #93,086
  • Aug 8, 2019 10:00am Aug 8, 2019 10:00am
Quoting schaos21
What is up with these crazy spikes?
That means triangle!
Don't believe me just watch!
  • #93,087
  • Aug 8, 2019 10:03am Aug 8, 2019 10:03am
I thought it would be a boring night due to no real news, but I guess I was WRONG.
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  • #93,088
  • Aug 8, 2019 10:15am Aug 8, 2019 10:15am
Dang it! Trumps messing with my shorts?
  • #93,089
  • Aug 8, 2019 10:20am Aug 8, 2019 10:20am
4 Thoughts right now!

1. Market goes to 1.1280 without breaking 1.1192
2. Market goes to 1.1180/85 a then 1.1280
3. Market goes to 1.1180/85 then 1.1230 then 1.1160
4. Market goes to 1.1160 without break 1.1232
Don't believe me just watch!
  • #93,090
  • Edited 10:51am Aug 8, 2019 10:31am | Edited 10:51am
Quoting Funkydoodle
{quote} Honestly, I admire how you always stay discipline and get out with these bad situations early.
We are currently dealing with a fool who has power and wants to manipulate the market to suit his ego. One just has to find a way to minimise risk. Sometimes I have to take losses (not letting it hit my stop loss) just to reduce my loss. How do we even begin to explain this price action? How?
  • #93,091
  • Edited 10:49am Aug 8, 2019 10:38am | Edited 10:49am
Quoting Mitiblotch
{quote} We are currently dealing with a fool who has power and wants to manipulate the market to suit his ego. One just has to find a way to minimise risk. Sometimes I have to take losses (not letting it hit my stop loss) just to reduce my loss. How do we even beginnto explain this price action? How?
Lol,, tht could be said about any one tht held tht position ,, so he would rather his country done well instead of having the life choked out it and so much regulation everyone flees ,, ,, no secret the way trade works with currencies,,cheaper the currency the better for exports ,, pretty handy when ya can set your supposed currency value where ever ya want ,, China comes to mind ,, why dont they let the mkt decide wht their currency is worth ,,like everyone else,, hope your doing well bud ,, as far the eur look left ,,months and months of same thing ,, why is it gonna change ,, only thing tht did change is the feds cut rates ,, sht still attractive ,, but not quite as atrractive as before ,, same ole shit lol ,, like watching paint dry overall
  • #93,092
  • Aug 8, 2019 10:49am Aug 8, 2019 10:49am
Quoting digger1
{quote} Lol,, tht could be said about any one tht held tht position ,, so he would rather his country done well instead of having the life choked out it and so much regulation everyone flees ,, ,, no secret the way trade works with currencies,,cheaper the currency the better for exports ,, pretty handy when ya can set your supposed currency value where ever ya want ,, China comes to mind ,, why dont they let the mkt decide wht their currency is worth ,,like everyone else,, hope your doing well bud ,, as far the eur look left ,,months and months...
He is repeating the same drivel over and over and over again. And he is well aware that his tweets are causing chaos in the market, but he doesn't care. And no, not everybody is mad as he is. Some other leaders are brave but not stupid and mad at the same time. He wants to be president, VP, Fed chairman at the same time. Only 4 more years and he'd be gone from there. I have always respected him and his direct approach to things. I wish my country had someone half as good as he is, but he has become too careless with his speeches and actions. The Fed gave him a cut, why not find other constructive means of getting more like other democratic leaders do, instead of always insulting and blackmailing the Fed on social media?
  • #93,093
  • Aug 8, 2019 10:55am Aug 8, 2019 10:55am
Quoting Mitiblotch
{quote} He is repeating the same drivel over and over and over again. And he is well aware that his tweets are causing chaos in the market, but he doesn't care. And no, not everybody is amad as he is. Some other leaders are brave but not stupid and mad at the same time. He wants to be president, VP, Fed chairman at the same time. Only 4 more years and he'd be gone from there. I have always respected him and his direct approach to things. I wish my country had someone half as good as he is, but he has become too careless with his speeches and actions....
Ah the left lol,, they too busy hating him to do anything worth while ,, and most have veered so far out of touch ,lol,, green new deal ,, tax tax tax ,,, choke choke choke ,everything is free everybody gets a paycheck , its those damn rich people ,, or the people tht actually worked their ass off to get somewhere,, and oh ,, oh my god wall street traders those filthy bastards they got to pay , , gee wonder why everything went to hell
  • #93,094
  • Aug 8, 2019 11:00am Aug 8, 2019 11:00am
Since EU reacts most to his tweet, I would do well to look for other pairs to trade. As for EU, there is a symmetrical triangle on the 1hr and 4hr which should break up towards 1.13 but so far it hasn't happened. Best thing to do, let price fall towards 1.1180, buy it and wait for the Trump spike.
  • #93,095
  • Aug 8, 2019 11:03am Aug 8, 2019 11:03am
ah back to trading ,, eur up against the 4 hour 200 ,, poking at it not much headway made still a trying tho ,, may fill them wicks in and attempt next area ,, or it may call it good here for a bit ,, time will tell
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  • #93,096
  • Aug 8, 2019 11:06am Aug 8, 2019 11:06am
Quoting Mitiblotch
Since EU reacts most to his tweet, I would do well to look for other pairs to trade. As for EU, there is a symmetrical triangle on the 1hr cna 4hr which should break up towards 1.13 but so far it hasn't happened. Best thing to do, let price fall towards 1.1180, buy it and wait for the Trump spike.
eu hasent really done shit in 14 months ,, 6 quarters strait now its went down and put in a slightly lower low and bounced ,,dont see it changing anytime soon with the interest rates not changing much ,, ,, at the moment the big boys can get payed for borrowing eur and then shting the eur and making even more ,, they are in no hurry to send it anywhere,, like watching paint dry overall as said ,,
  • #93,097
  • Aug 8, 2019 11:22am Aug 8, 2019 11:22am
hourly ,, a little ping pong ,, with ata s weighted 54 ( or maybe slightly different now ,, used to be 54 ) getting somewhat neutral,, with hold up being the 4 hour 200 area ,,something will break loose soon ,, up or down ,, will have to find the right tweet or news story to fit the move when either buyers win or sellers win ,, nothing new, same ole thing that always happens around some things
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  • #93,098
  • Aug 8, 2019 11:28am Aug 8, 2019 11:28am
which in the last quarter and a half would relate to these areas ,,same ole chess match same ole everything ,, buyers or sellers one or the other will soon get a handle on it
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  • #93,099
  • Aug 8, 2019 11:37am Aug 8, 2019 11:37am
Lol,, and seems to have a similar effect long before anybody was going on about somebodys tweet ,,just saying ,,same ole shit just a different year
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  • #93,100
  • Edited 11:52am Aug 8, 2019 11:40am | Edited 11:52am
A lot if newbies have never seen the euro move. CB;s like to keep things as stable as possible Its only when things go very wrong like a massive bank collapse then you will see the euro move! I guarantee there are people here trading without stops cos they are fed up with them being hit. BUT when you wake up one morning and euro is banged 150 pips in 5 mins they think "Oh Crap i leave it see if it comes back so i can exit" then it moves 300 pips a day and it doesn't stop for days and days and days then it moves more for weeks! You will get to see hourly bars as tall as your monitor screen The survivors get just as wrecked cos they keep trying to contra trade it and it wont stop for nothing.

Then and only then you wish you left a stop in cos sometimes many trading platforms go to offline overload so you cant exit even if you wanted too and the phones are all engaged and no one answers your support email.
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