{quote} dxy weak so usd bulls sleephappy weekend all
- #32,767
- Oct 18, 2019 12:05pm Oct 18, 2019 12:05pm
- | Joined May 2019 | Status: Trader | 1,146 Posts
about the question on fundamental and technical analysis yesterday, my take is fundamental and technical analysis can be likened to the case of cat and rat, they say when the cats away the rats would play. i feel like when huge fundamental news come out the technical aspect of trading gets ignored even if its for some moments.
Fundamentals usually drives the big moves e.g like with the case of brexit this past months when gbp tanked, where some technicals were giving buy signals but getting ignored by fundamental no deal brexit fears each and everyday. of course some technicals were also hinting sell
My take is to have an idea of the fundamentals (red data news) that could affect whatever currency pair you're trading for each day and try to anticipate whatever direction the market is going to for that day or that period, like for example yesterday when us manufacturing data was released it was weak as i anticipated but other yellow data releases were positive data for usd hence the "indecision" of the market during that period.
Fundamentals usually drives the big moves e.g like with the case of brexit this past months when gbp tanked, where some technicals were giving buy signals but getting ignored by fundamental no deal brexit fears each and everyday. of course some technicals were also hinting sell
My take is to have an idea of the fundamentals (red data news) that could affect whatever currency pair you're trading for each day and try to anticipate whatever direction the market is going to for that day or that period, like for example yesterday when us manufacturing data was released it was weak as i anticipated but other yellow data releases were positive data for usd hence the "indecision" of the market during that period.
- #32,769
- Oct 18, 2019 8:45pm Oct 18, 2019 8:45pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
fell asleep last night
great weekends folks
️
great weekends folks
️ just for a cup of coffee...
- #32,770
- Oct 19, 2019 1:36am Oct 19, 2019 1:36am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
later today if nothing to do can wait and watch uK parliament vote..
still thinking why not do at monday
so we all can catch some green
️
still thinking why not do at monday
so we all can catch some green
️ just for a cup of coffee...
- #32,771
- Oct 19, 2019 1:39am Oct 19, 2019 1:39am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
retail traders are set to lose 300mln USD+ on Sunday market open if there's a 100 point move in EU and GU (North).
85-95% retail NET short.
I don't know why would anyone hold such a massive exposure into weekend (300 000 lots EU/GU combined).
Bloodbath at market open on Sunday is guaranteed.
85-95% retail NET short.
I don't know why would anyone hold such a massive exposure into weekend (300 000 lots EU/GU combined).
Bloodbath at market open on Sunday is guaranteed.
- #32,772
- Oct 19, 2019 1:40am Oct 19, 2019 1:40am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
- #32,773
- Oct 19, 2019 1:42am Oct 19, 2019 1:42am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
retail traders are set to lose 300mln USD+ on Sunday market open if there's a 100 point move in EU and GU (North). 85-95% retail NET short. I don't know why would anyone hold such a massive exposure into weekend (300 000 lots EU/GU combined). Bloodbath at market open on Sunday is guaranteed.
we just respects their decision
️ just for a cup of coffee...
- #32,774
- Oct 19, 2019 1:43am Oct 19, 2019 1:43am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
I've posted this DX daily chart 3 weeks ago. Swing traders really ought to track momentum changes on HTF. {image}
weak and weaker since trump missing in action
just for a cup of coffee...
- #32,775
- Oct 19, 2019 1:47am Oct 19, 2019 1:47am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
{quote} yes bud.. weak and weaker since trump missing in action
He wants DXY
and EURUSD 
. And he's going to get it. You know this guy is pretty stubborn. 
- #32,776
- Oct 19, 2019 1:49am Oct 19, 2019 1:49am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
i forget to screenshot the painting that show a group of monkey at uK parliament..
its was sold £8.5 million at auction
its was sold £8.5 million at auction
just for a cup of coffee...
- #32,777
- Oct 19, 2019 1:51am Oct 19, 2019 1:51am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} Trump wants a weaker dollar so that US exports can compete in the global trade. He wants DXY
maybe dxy will sleep for some time before wake up
and aim for 100 level
️ just for a cup of coffee...
- #32,778
- Oct 19, 2019 1:51am Oct 19, 2019 1:51am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
i forget to screenshot the painting that show a group of monkey at uK parliament.. its was sold £8.5 million
That's how bad it gets. Then they got assistants, who do all the work for them and do emails/calls.
All they got to do pretty much is just sit on their butts and press greed/red button and then chillax in the buffet.
- #32,779
- Oct 19, 2019 1:54am Oct 19, 2019 1:54am
- Joined Feb 2014 | Status: trading bank levels | 8,143 Posts
{quote} yeahh.. maybe dxy will sleep for some time before wake up and aim for 100 level
Massive DB on GU weekly/monthly. GU alone can sink DXY big time even without EURUSD.
If deal passes and Brexit gets out of the way finally, the short squeeze in GBPUSD will be epic.
Literally, this could be the start of multi-month bull trend in GBPUSD.
Fat targets for bulls -1.35-1.45 range based on the cloud.
Price action will defo want to enter cloud and test upper boundary.
- #32,780
- Oct 19, 2019 1:54am Oct 19, 2019 1:54am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} exactly. well, politicians are generally pretty dumb. Did you know most of them don't know how to use an iPad and email? That's how bad it gets. Then they got assistants, who do all the work for them and do emails/calls. All they got to do pretty much is just sit on their butts and press greed/red button and then chillax in the buffet.
️ just for a cup of coffee...