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EURUSD

  • #1,165,141
  • Mar 25, 2020 9:34pm Mar 25, 2020 9:34pm
Quoting dmj120
{quote} Went short at 8407, Did not see the bulls pushing forward this hard. oh well, gotta take the lumps when you dont protect yourself
If price closes above the magenta line (9211), then it will likely continue to go higher. However, if it closes below the gold line (8737), then there is a high probability it will revisit 8407 and perhaps go lower.

1HR chart
Attached Image (click to enlarge)
Click to Enlarge Name: Image 022.png Size: 9 KB
Learn from your mistakes and march on.
  • #1,165,142
  • Mar 25, 2020 10:01pm Mar 25, 2020 10:01pm
Bull traps everywhere. Trying to encourage long positions. Yes it is going up all the same but not before they wipe your stops.
Worse is that they're clearing them when nobody is trading in dead time.
  • #1,165,143
  • Mar 25, 2020 10:07pm Mar 25, 2020 10:07pm
Quoting EvilEye
Bull traps everywhere. Trying to encourage long positions. Yes it is going up all the same but not before they wipe your stops. Worse is that they're clearing them when nobody is trading in dead time.
They are in the business to take our money.
Learn from your mistakes and march on.
  • #1,165,144
  • Mar 25, 2020 10:19pm Mar 25, 2020 10:19pm
  •  dmj120
  • | Joined Jan 2020 | Status: Newbie with professional aspiration | 108 Posts
Quoting here2there
{quote} They are in the business to take our money.
Preach, haha
School of hard knocks
dmj120 Return This Year: na
  • #1,165,145
  • Mar 25, 2020 10:33pm Mar 25, 2020 10:33pm
Quoting EvilEye
Bull traps everywhere. Trying to encourage long positions. Yes it is going up all the same but not before they wipe your stops. Worse is that they're clearing them when nobody is trading in dead time.

can you explain dead time please?
  • #1,165,146
  • Mar 25, 2020 10:34pm Mar 25, 2020 10:34pm
Quoting Techanalyst
Supply zone reached on a daily. Good spot to enter short position. {image}
When the unemployment numbers come out, it's likely USD will dump hard. I don't think it is safe to trade this pair at this time.
Learn from your mistakes and march on.
  • #1,165,147
  • Mar 25, 2020 10:34pm Mar 25, 2020 10:34pm
Quoting here2there
{quote} They are in the business to take our money.
Who are they??
  • #1,165,148
  • Mar 25, 2020 10:49pm Mar 25, 2020 10:49pm
Quoting aaeto
{quote} Who are they??
The market makers, otherwise known as 'Smart Money'.

Google it.
Learn from your mistakes and march on.
  • #1,165,149
  • Mar 25, 2020 10:53pm Mar 25, 2020 10:53pm
Quoting eastrader
There she goes again, beat that high please
Approaching role reversal @ 1.09550
wise man say, only fools rush in
  • #1,165,150
  • Mar 25, 2020 11:02pm Mar 25, 2020 11:02pm
Quoting HawaiianMaxx
{quote} can you explain dead time please?
The latter half of the US open until the start of the Asian session the next day.
That huge big block of time when it's daylight over the pacific and most people are asleep, and not many are trading so the volume is light.
  • #1,165,151
  • Mar 25, 2020 11:38pm Mar 25, 2020 11:38pm
If EURUSD moons again like it did not too long ago, defying all logic, I will strongly consider quitting Forex trading and move over to Options. The Forex market is starting to develop a foul smell! So much manipulation! It disgusts me.
Learn from your mistakes and march on.
  • #1,165,152
  • Mar 25, 2020 11:52pm Mar 25, 2020 11:52pm
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yes yes yes
  • #1,165,153
  • Mar 26, 2020 12:03am Mar 26, 2020 12:03am
it is otw to 1.10 i guess, on buying mode
LUCKY golden trades, LUCKY gold investor trading style
  • #1,165,154
  • Mar 26, 2020 12:06am Mar 26, 2020 12:06am
Quoting here2there
If EURUSD moons again like it did not too long ago, defying all logic, I will strongly consider quitting Forex trading and move over to Options. The Forex market is starting to develop a foul smell! So much manipulation! It disgusts me.
Manipulation is on every market my friend. Every market.
  • #1,165,155
  • Mar 26, 2020 12:12am Mar 26, 2020 12:12am
Quoting here2there
If EURUSD moons again like it did not too long ago, defying all logic, I will strongly consider quitting Forex trading and move over to Options. The Forex market is starting to develop a foul smell! So much manipulation! It disgusts me.
Make sure you don't lose money cause this manipulation of theirs it won't hold for long
I'm enjoying the wins because I was once terrified by loses
  • #1,165,156
  • Mar 26, 2020 12:31am Mar 26, 2020 12:31am
my guess is 0880 first and then to watch what happens there
  • #1,165,157
  • Mar 26, 2020 12:49am Mar 26, 2020 12:49am
Quoting here2there
{quote} When the unemployment numbers come out, it's likely USD will dump hard. I don't think it is safe to trade this pair at this time.
if usd is dumped, every other pair will follow
LUCKY golden trades, LUCKY gold investor trading style
  • #1,165,158
  • Mar 26, 2020 12:57am Mar 26, 2020 12:57am
1.0888 didn't last for long, I was lucky it happened after my trading was off.

Today I will wait for the Jobless claims, but if, the price reach 1.0830 before, I may open a buy entry.

Just informational.

Today the jobless number forecast is 1.500.000 mn. At the crisis of 2008 the number of unemployment
people in US stayed above 600.000 for the first six Months of 2019, but it didn't went above 700.000.

This time is worst, more people are staying home with the fear of Covid-19.

Stay safe.
Looking for profitable short term trades ...|
  • #1,165,159
  • Mar 26, 2020 1:00am Mar 26, 2020 1:00am
Quoting Techanalyst
{quote} Manipulation is on every market my friend. Every market.
Even the shops when they have discount sales. 20% off or whatever.
Pretty common to advertise at the discounted price when that's what you intended to offer in the first place.

Same trick where people like to haggle. You have to bump the price up because people will haggle you back down. Hopefully to your original intended offer.

It's all smoke and mirrors.
  • #1,165,160
  • Mar 26, 2020 1:03am Mar 26, 2020 1:03am
good noon to all

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