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  • #1,164,881
  • Mar 23, 2020 5:31am Mar 23, 2020 5:31am
Quoting eastrader
{quote} kick it, lock it. {image}
End of it until a breakout.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmH121.png Size: 41 KB
wise man say, only fools rush in
  • #1,164,882
  • Mar 23, 2020 5:34am Mar 23, 2020 5:34am
Quoting PatienceFx
something is not right here in holding shorts, somebody is upto some mischief {image}
as expected the mischief played out lol

nobody takes me seriously lmao
  • #1,164,883
  • Mar 23, 2020 5:38am Mar 23, 2020 5:38am
The Fed is buying everything.

Today's announcement is unprecedented in both size and scope. It is a complete perversion of market functioning and a nuclear bomb more than a bozooka.

It basically renders banking meaningless and puts all the risk on the Fed. It's a complete gift to lenders. You can still loan people money at 20% on a credit card but the package up the debt and sell it to the Federal Reserve.

In the Treasury, agency and MBS market, pricing doesn't matter anymore. US 10-year yields are down 10 bps on the announcement to 0.70%. The Fed has simply said it will buy unlimited amounts of government-backed bonds in "amounts needed to support smooth market functioning and effective transmission of monetary policy." We have no idea if that means 1% yields or 0% further out the curve.

Not only that, but 'large employers' -- corporate America -- will buy newly-issued bonds and in the secondary market up to 4 years with no interest or principal for 6 months. So essentially, Exxon can launch a bond and sell it directly to the Fed. What's especially interesting about this is that it's only open to companies with investment grade credit ratings. However there is are hundreds of companies right on the cutoff to junk that should be downgraded any day. Without the Fed buying, that cliff becomes even steeper.

Finally, the Fed said it will soon establish a "Main Street Business Lending Program" to make similar loans to small-and-medium sized businesses.
  • #1,164,884
  • Mar 23, 2020 5:43am Mar 23, 2020 5:43am
moty's usdx boobs were so damn large that eu bulls just scrambled for them like hungry babies lol
  • #1,164,885
  • Mar 23, 2020 5:53am Mar 23, 2020 5:53am
1.08 s the fastest trade

if it breaks and holds then a 38. 2% entrancement of the big drop upwards is possible
  • #1,164,886
  • Mar 23, 2020 6:02am Mar 23, 2020 6:02am
1.0800 kept the upside well, Germans will anounce 750 bn cap Euros at Wednesday, but Fed spoiled the party and now EURUSD is falling again, the bad news tomorrow are coming, PMI's are going to be red, and Covid-19 is not an easy case, just yet.

Caution.
Looking for profitable short term trades ...|
  • #1,164,887
  • Mar 23, 2020 6:07am Mar 23, 2020 6:07am
Quoting Js3mwtRc
1.0800 kept the upside well, Germans will anounce 750 bn cap Euros at Wednesday, but Fed spoiled the party and now EURUSD is falling again, the bad news tomorrow are coming, PMI's are going to be red, and Covid-19 is not an easy case, just yet. Caution.
correct PMI is the real thing to watch
  • #1,164,888
  • Mar 23, 2020 6:14am Mar 23, 2020 6:14am
i short from 1.08,i think i should go down under 1.07 , 1.0590 its risky to hold.
  • #1,164,889
  • Mar 23, 2020 6:15am Mar 23, 2020 6:15am
hello fellow traders

I am long 0753 0761
  • #1,164,890
  • Mar 23, 2020 6:27am Mar 23, 2020 6:27am
usa told that economy is going bad and spike has come. this means i think every spike down is buy opportunites. i already expect a down movement but h1 first need to test some stop cleaning moves first. this is why i try buy when it drop and why i close buys when i see enough profit. mid term is up i think. world is very confused now and this will effect the market. today buy tomorrow sell
  • #1,164,891
  • Mar 23, 2020 6:31am Mar 23, 2020 6:31am
Glad I did not take any trades. Today i will not trade, just watch the market. These are very difficult times. Be very careful as a lot of traders will lose a lot of money if not very careful. The way things are at the moment, anything can happen. We could see this going long very fast, than going down very fast. Or we could see price being in consolidation. Anything could happen. I stay out of trading today, I am watching EURUSD on 5 minute chart, could have taken long position but did not watch it on lower time frame at that time. I would say for now scalping is the best option. Trade safe.
  • #1,164,892
  • Mar 23, 2020 6:33am Mar 23, 2020 6:33am
covid-19 trading rule number one - just grab whatever you can, do not leave open trades expecting more

kiss eu several times ; enjoy every kiss, keep collecting pips
  • #1,164,893
  • Mar 23, 2020 6:35am Mar 23, 2020 6:35am
0835 is the resistance the bull need to break to go higher…
  • #1,164,894
  • Mar 23, 2020 6:56am Mar 23, 2020 6:56am
The dollar is on its way out.

I expect EU to keep being sold until the markets have priced in 60-80% of their move.

then long EU for the long term.

imo.
Que Sera
  • #1,164,895
  • Mar 23, 2020 6:59am Mar 23, 2020 6:59am
the hell with the pivot , both Friday and today I am just waiting to take a profit at a distant of a few pips where I should have taken.
I was planning to take a profit on daily R1 and in fact I had to take a profit in support that became resistance at 1.08016 3 pips from there , it happened to my advantage in the end, but could deteriorate even to a loss like Friday
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu15.png Size: 37 KB
yes yes yes
  • #1,164,896
  • Mar 23, 2020 7:00am Mar 23, 2020 7:00am
Long closed for 100 pips. Waiting on entry to Short.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,164,897
  • Mar 23, 2020 7:05am Mar 23, 2020 7:05am
Quoting Tekin
usa told that economy is going bad and spike has come. this means i think every spike down is buy opportunites. i already expect a down movement but h1 first need to test some stop cleaning moves first. this is why i try buy when it drop and why i close buys when i see enough profit. mid term is up i think. world is very confused now and this will effect the market. today buy tomorrow sell
Decision zone for m15 it needs to close m15 candle above 1.0795 for bull contination otherwise i think it will visit 1.0740 i think
Attached Image (click to enlarge)
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  • #1,164,898
  • Mar 23, 2020 7:05am Mar 23, 2020 7:05am
all out !!!!
117 pips with a lot of add on along the way
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euh1.png Size: 36 KB
Click to Enlarge Name: dxh1.png Size: 25 KB
yes yes yes
  • #1,164,899
  • Mar 23, 2020 7:25am Mar 23, 2020 7:25am
Here is something to think about, resistance on the daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 27 KB
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,164,900
  • Mar 23, 2020 7:28am Mar 23, 2020 7:28am
Quoting Moty
all out !!!! 117 pips with a lot of add on along the way {image} {image}
plz send pivot indicator
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