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EURUSD

  • #1,163,961
  • Mar 8, 2020 1:32pm Mar 8, 2020 1:32pm
Quoting pridolfx
{quote} of course no,only begginers use stop,brokers hunt on stops
So in the world wide currency market some piddly stop set by retail is the master target in the big scheme of things for the MMs?
  • #1,163,962
  • Mar 8, 2020 2:01pm Mar 8, 2020 2:01pm
Quoting enarco
{quote} So in the world wide currency market some piddly stop set by retail is the master target in the big scheme of things for the MMs?
Don't underestimate the revenue generating power of a triggered stop loss. When you have tens of thousands of retail traders making the mistake of using a tight stop loss or a poorly placed stop loss, the gains on triggered stop losses add up.
Learn from your mistakes and march on.
  • #1,163,963
  • Mar 8, 2020 3:46pm Mar 8, 2020 3:46pm
Quoting Deathwish86
{quote} Long time lurker here but your post peaked my interest and i had to make an account just to ask you:why? Is it a technical assumption or a fundamental one? Thank you very much for posting your insight!
For the monthly chart, it is strictly based on supply/demand. So long term bearish EURUSD based on chart analysis. For now, due to fundamentals, EURUSD is bullish. So fundamentals are pushing this price higher.
  • #1,163,964
  • Mar 8, 2020 3:47pm Mar 8, 2020 3:47pm
Quoting enarco
{quote} So in the world wide currency market some piddly stop set by retail is the master target in the big scheme of things for the MMs?
Piddly stops? When you have hundred thousands and more of stops, that is not piddly that is a big money for stop hunters.
  • #1,163,965
  • Mar 8, 2020 3:49pm Mar 8, 2020 3:49pm
Quoting Techanalyst
{quote} For the monthly chart, it is strictly based on supply/demand. So long term bearish EURUSD based on chart analysis. For now, due to fundamentals, EURUSD is bullish. So fundamentals are pushing this price higher.
I am in full agreement with you on this!
Learn from your mistakes and march on.
  • #1,163,966
  • Mar 8, 2020 4:34pm Mar 8, 2020 4:34pm
Here's my take on the EURUSD market, from a technical perspective.

Price action on the daily time has shown a bullish drive in the past few days which is parabolic in nature; and we may have a southward pullback.

On the H4 time frame, recent price action entered a horizontal resistance zone, 1.13350/1.13890 (bound by magenta horizontal lines), which was last visited on July 1, 2019. Such an area, and in the context of the over-extension of price action in the last few days, is susceptible to a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,163,967
  • Mar 8, 2020 4:53pm Mar 8, 2020 4:53pm
Gapped up this morning.
Still waiting for a signal to get into this long.
  • #1,163,968
  • Mar 8, 2020 5:30pm Mar 8, 2020 5:30pm
Havent been on the board for awhile. I hope no one shorted below 1.10. This is a nasty usd selloff 1.08 to 1.13 in a week or 2 thats insane. worse than brexit
TE started 6/4/19
  • #1,163,969
  • Mar 8, 2020 6:15pm Mar 8, 2020 6:15pm
Quoting moodybot
Interesting how they use news to direct the Algo to take out a long term target...while setting up a fresh target. I wonder where the next targets are. {image} {image}

Spot On !

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Master your Mind,,,Master the Market
  • #1,163,970
  • Mar 8, 2020 7:28pm Mar 8, 2020 7:28pm
Quoting bigiivan
{quote} Yes, I trade without SL for a couple of months. I am studing something When I finish it I will share it.
looking forward to see what you discover.....
trading is simple but is simple is not easy.
  • #1,163,971
  • Mar 8, 2020 9:05pm Mar 8, 2020 9:05pm
This is just getting ridiculous now.
it has to at least make a pullback to get more people long
  • #1,163,972
  • Mar 8, 2020 9:06pm Mar 8, 2020 9:06pm
Quoting EvilEye
This is just getting ridiculous now. it has to at least make a pullback to get more people long
Its clearly rigged all the way. Not conforming to technicals or fundamentals at all. Smh
  • #1,163,973
  • Mar 8, 2020 9:12pm Mar 8, 2020 9:12pm
Quoting PatienceFx
i will not short EU
As expected
  • #1,163,974
  • Mar 8, 2020 9:36pm Mar 8, 2020 9:36pm
Quoting wealthyqueen
{quote} Its clearly rigged all the way. Not conforming to technicals or fundamentals at all. Smh
You have to understand the market as a whole to understand what's happening. Do you know what China is buying or do you know what interest rates in Europe are and what that entails?
  • #1,163,975
  • Mar 8, 2020 9:44pm Mar 8, 2020 9:44pm
Now it is coronavirus and the fight between OPEC countries and Russia, that drive the markets. Oil has plummeted $30.00 a barrel. i dont think it is sustainable for all parts. Technicals not working in such an environment.
  • #1,163,976
  • Mar 8, 2020 9:48pm Mar 8, 2020 9:48pm
Quoting investing101
{quote} You have to understand the market as a whole to understand what's happening. Do you know what China is buying or do you know what interest rates in Europe are and what that entails?
To quote a good mate of mine, ''if news affected the market wouldn't price stay where its move to''...price is moved under cover of news, the news itself has no effect.
Manipulated Algo, nothing more, nothing less.
  • #1,163,977
  • Mar 8, 2020 10:41pm Mar 8, 2020 10:41pm
Quoting moodybot
{quote} To quote a good mate of mine, ''if news affected the market wouldn't price stay where its move to''...price is moved under cover of news, the news itself has no effect. Manipulated Algo, nothing more, nothing less.
News analysis is for Morgan Stanley and Goldman Sachs sell their pundit stories to the news agencies, big billion dollar business. On forum we have mini MG, GS member pundits sell their stories to the readers, big readership here on forum threads. Fundis sell always.
Know what you trade
  • #1,163,978
  • Mar 8, 2020 10:44pm Mar 8, 2020 10:44pm
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  • #1,163,979
  • Mar 8, 2020 10:54pm Mar 8, 2020 10:54pm
lets work on the technical we know and try to find a common ground to start trading this week

forget what happened in the past

those who agree with me, let me know
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  • #1,163,980
  • Mar 8, 2020 10:57pm Mar 8, 2020 10:57pm
Quoting PatienceFx
lets work on the technical we know and try to find a common ground to start trading this week forget what happened in the past those who agree with me, let me know {image}
there are sudden spikes up on smaller tf which makes shorting a no no
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