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  • #1,162,821
  • Feb 19, 2020 7:59pm Feb 19, 2020 7:59pm
I pay no attention to economic news because what the banks do with price is the only real news.

I did study economics, but it is a social science and has no immutable laws like the laws of physics that - in turn - would allow accurate predictions.
I have to say that the only immutable laws of economics that would allow accurate predictions is the “Greater Idiot Theory”

That, and what the banks do.
  • #1,162,822
  • Feb 19, 2020 8:05pm Feb 19, 2020 8:05pm
Quoting EvilEye
I pay no attention to economic news because what the banks do with price is the only real news. I did study economics, but it is a social science and has no immutable laws like the laws of physics that - in turn - would allow accurate predictions. I have to say that the only immutable laws of economics that would allow accurate predictions is the “Greater Idiot Theory” That, and what the banks do.
No one knows what the banks do. You have to pay attention to the news too, to know what is going on in the world of economy. You have to understand why sometimes the currency goes up and down. It is manipulated obviously but there is also other reasons why currencies move the certain way. One of them is the fundamentals news. Than you have commitment of traders numbers, fresh supply/demand institutional zones, and so on. Laws of economics are not accurate, but they can be a tool for trading.
  • #1,162,823
  • Feb 19, 2020 8:10pm Feb 19, 2020 8:10pm
A huge spike up on way to having a round top with huge green candle for the last tine, won great resistance at 99.43, next goes 99.84 and 100.29 +. So it may reflect huge craziness to gold further up, eurusd (target set 1.0720)and gbpusd (target set 1.2800) and allied down. So all care to stay away situation.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,162,824
  • Feb 19, 2020 8:10pm Feb 19, 2020 8:10pm
Quoting EvilEye
I pay no attention to economic news because what the banks do with price is the only real news. I did study economics, but it is a social science and has no immutable laws like the laws of physics that - in turn - would allow accurate predictions. I have to say that the only immutable laws of economics that would allow accurate predictions is the “Greater Idiot Theory” That, and what the banks do.
Relative estimations in statistics are often useful or relevant.
Count Of Antwerp
  • #1,162,825
  • Feb 19, 2020 8:15pm Feb 19, 2020 8:15pm
Quoting Techanalyst
{quote} Again US is holding up the world right now.
The US is creating/facilitating hard/soft asset bubbles. How will that affect exchange rates outside of the flaky short-term spots?
Count Of Antwerp
  • #1,162,826
  • Feb 19, 2020 8:17pm Feb 19, 2020 8:17pm
Quoting Techanalyst
{quote} When a central bank buys bonds, money is flowing from the central bank to individual banks in the economy, increasing the money supply in circulation. When a central bank sells bonds, then money from individual banks in the economy is flowing into the central bank, reducing the quantity of money in the economy.
Buying bonds increasing the money supply is a lot like creating loans out of thin air increasing the money supply.
Count Of Antwerp
  • #1,162,827
  • Feb 19, 2020 8:46pm Feb 19, 2020 8:46pm
Quoting countaccrue
{quote} The US is creating/facilitating hard/soft asset bubbles. How will that affect exchange rates outside of the flaky short-term spots?
Pay attention to the charts day to day and you will see how.
  • #1,162,828
  • Feb 19, 2020 8:47pm Feb 19, 2020 8:47pm
Quoting countaccrue
{quote} Buying bonds increasing the money supply is a lot like creating loans out of thin air increasing the money supply.
Sure, but it works in financial system.
  • #1,162,829
  • Feb 19, 2020 9:31pm Feb 19, 2020 9:31pm
Expecting the news to spike and trap one way or the other from here. If the banks wanted to shaft all the short sellers, they’ll jump low under the market and pull back hard until they all hit their stops and change direction long.
  • #1,162,830
  • Feb 19, 2020 9:38pm Feb 19, 2020 9:38pm
biting nails
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  • #1,162,831
  • Feb 19, 2020 9:48pm Feb 19, 2020 9:48pm
Quoting PatienceFx
biting nails {image}
Same here. When it hit YH i took a long. Went against my plan of waiting for a convincing H4 close above the 10SMA. Not much nail left to bite. Plus Ive been at my cpr since London open. That doesnt help lol..
Zip
  • #1,162,832
  • Feb 19, 2020 10:09pm Feb 19, 2020 10:09pm
Quoting Piptaker64
{quote} Same here. When it hit YH i took a long. Went against my plan of waiting for a convincing H4 close above the 10SMA. Not much nail left to bite. Plus Ive been at my cpr since London open. That doesnt help lol..
i cannot long until i see a close above h1 240 LWMA

Quoting PatienceFx
biting nails {image}
her toe nails
  • #1,162,833
  • Feb 19, 2020 10:59pm Feb 19, 2020 10:59pm
Headed towards 1.07 775......
  • #1,162,834
  • Feb 19, 2020 11:02pm Feb 19, 2020 11:02pm
I wait it to turn lower (near 1.0775 ) so I can buy some today I think it is going to give us a retrace and Friday many will want to take profits, maybe I am lucky.
Looking for profitable short term trades ...|
  • #1,162,835
  • Feb 19, 2020 11:02pm Feb 19, 2020 11:02pm
Market is showing it’s hand here. Yes there is more downside. No, now is not the time to ride that short cause there will be a better entry later.

and by better, I mean safer and more predictable.
  • #1,162,836
  • Feb 20, 2020 12:51am Feb 20, 2020 12:51am
Not going to tell Patience to go long here, at least not with large volume and not without a tight stop.
  • #1,162,837
  • Feb 20, 2020 1:32am Feb 20, 2020 1:32am
Quoting EvilEye
Not going to tell Patience to go long here, at least not with large volume and not without a tight stop.
Quoting PatienceFx
{quote} quitting all shorts h1 & h4 has a beautiful macd divergence 1.07937 to be a good support for this corrective wave Q1 started at 1210 and price has dropped 400+ pips , a 150 pip correction may happen now {image}
29 hours of sitting on the fence watching womens beach volley

no trades to take

i am having fun
  • #1,162,838
  • Feb 20, 2020 2:49am Feb 20, 2020 2:49am
fresh short taken 1.08 , this bugger is too drunk to recover
  • #1,162,839
  • Feb 20, 2020 2:52am Feb 20, 2020 2:52am
Quoting PatienceFx
fresh short taken 1.08 , this bugger is too drunk to recover
eurgbp can drop 8%
  • #1,162,840
  • Feb 20, 2020 3:14am Feb 20, 2020 3:14am
Quoting PatienceFx
fresh short taken 1.08 , this bugger is too drunk to recover
next support at 1.0741
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