EURUSD only

Quoting DSilvers

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if 1.0815 breaks and we gap down, It will be blistering. Stepping into the heat of a thousand suns. Flesh will melt off your bones.

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Quoting Mitiblotch

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{quote} You think all this Corona virus matters to the market in reality? Let me ask a question I asked in a different thread and nobody could answer me: If EU was at 0.01000 and Corona plus Ebola plus SARS struck, do you think price would go to minus, like minus 0.0000? You get my point? Everything and anything can be used as an excuse to hit long-sought targets. The only thing that matters is Central bank economic policy, and even that can never take price to minus. When the targets are hit, the reversal would happen.

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Quoting hans91

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Is this sign of reversal now? Oh no, I do hope so, but thinking about EU often lies traders to ensure that it will be, in fact it's just some retracement to push more down again.

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Quoting mistaouting

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{quote} no...just another chance to sell lol

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Quoting hans91

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{quote} Yes I understand your explanation, but each day we hear some people die and sounds like it can't be stopped. I know there will be a reversal but what can trigger this?and when? No one know exactly the time, also when any bad news happened, investor and banker put their money to safe heaven assets like USD. So it's very hard to guess their movement to push EU up if the situation is getting worse. Talking about economy policy for eurozone, looks like ECB will cut the rate if economy is not growing or even getting more sluggish due to virus...

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Quoting Mitiblotch

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{quote} I hope you don't sell into multi year lows. If this thing spikes here I wouldnt even think of using the sell button until somewhere near 1.100 and even that I'd be careful.

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Quoting newbegger

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{quote} Still watching. The candle today was real bearish candle and says "going down". But current price is right at major support. {image} We still have the gap that has not been filled on Apr 24, 2017, which is down in 1.0730 area {image} So I will let trade take whatever it wants. I placed an OCO stop order 20 pips away from price. I'll ride whatever position I get stopped into, either long at 1.0892 or short at 1.0852. I'll place stop loss and targets after the OCO executes.

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Quoting Mitiblotch

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{quote} You think all this Corona virus matters to the market in reality? Let me ask a question I asked in a different thread and nobody could answer me: If EU was at 0.01000 and Corona plus Ebola plus SARS struck, do you think price would go to minus, like minus 0.0000? You get my point? Everything and anything can be used as an excuse to hit long-sought targets. The only thing that matters is Central bank economic policy, and even that can never take price to minus. When the targets are hit, the reversal would happen.

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Quoting MrBullBear

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{quote} Good point except for the targets. Market doesn't have a target, only traders have. It doesn't care what's happening or where it's going, for it is driven by human behavior; economy: growth, commerce, supply and demand, investment, development etc, etc..it is dependent on the totality of what we do.. we as a whole, drives them... we set the targets. It just follows,, unconditionally. The very reason why many traders are losing is because of misunderstandings of the market. The better we understand it, the better a trader we become. ...

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