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Robinhood1

  • #441
  • May 4, 2020 9:37am May 4, 2020 9:37am
Quoting YvonneVon
{quote} I was selling hard against the herd last friday. My highest entry was 1.1010. Nearly 100 pips..
nice haul!
Trading is like fishing. Be patient and enjoy the fight.
  • #442
  • May 4, 2020 10:08am May 4, 2020 10:08am
Quoting YvonneVon
{quote} Risk-off sentiment at the moment, might be lagging. I got out of my EUR/USD shorts.
I am considering tp around 139.00 for GJ and meanwhile we might have the impression we are waisting our time
POSTMASTER
  • #443
  • May 4, 2020 10:20am May 4, 2020 10:20am
Quoting Robinhood1
{quote} I am considering tp around 139.00 for GJ and meanwhile we might have the impression we are waisting our time
By "my normal projection", it should be hovering at 134 today, but like what I said, seems like risk-off sentiments. XXX/USD and XXX/JPY are both down big and gold rallying. I think fundamentals are at play for the moment.
  • #444
  • May 4, 2020 10:24am May 4, 2020 10:24am
Quoting Robinhood1
{quote} I am considering tp around 139.00 for GJ and meanwhile we might have the impression we are waisting our time
For gamblers, if you believe XXX/JPY gonna go up...maybe you can take a stab at AUD/JPY. Major news tomorrow.
  • #445
  • May 4, 2020 10:31am May 4, 2020 10:31am
Quoting YvonneVon
{quote} By "my normal projection", it should be hovering at 134 today, but like what I said, seems like risk-off sentiments. XXX/USD and XXX/JPY are both down big and gold rallying. I think fundamentals are at play for the moment.
It won´t be going straight to 139.00. we will need 3 waves. one has already performed peaking at 135.45
POSTMASTER
  • #446
  • May 4, 2020 10:36am May 4, 2020 10:36am
Quoting YvonneVon
{quote} By "my normal projection", it should be hovering at 134 today, but like what I said, seems like risk-off sentiments. XXX/USD and XXX/JPY are both down big and gold rallying. I think fundamentals are at play for the moment.
Same applies to gold. We have not developed 1st wave. 3rd wave should take us around 1811
POSTMASTER
  • #447
  • May 4, 2020 10:38am May 4, 2020 10:38am
By the way, i am not an elliottist
POSTMASTER
  • #448
  • May 4, 2020 10:42am May 4, 2020 10:42am
Yes, turnaround for GJ might be coming. I think it is just laggard movements.
  • #449
  • May 4, 2020 11:41am May 4, 2020 11:41am
AUD looking a tad strong(er) today...speculators believe hawkish RBA?
  • #450
  • May 4, 2020 1:52pm May 4, 2020 1:52pm
Quoting YvonneVon
AUD looking a tad strong(er) today...speculators believe hawkish RBA?
On 1H we are RISK OFF: AUD NZD CAD stronger than USD JPY CHF
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  • #451
  • May 4, 2020 5:57pm May 4, 2020 5:57pm
can somebody pls explain the meaning of risk-off/on?
Trading is like fishing. Be patient and enjoy the fight.
  • #452
  • May 4, 2020 6:31pm May 4, 2020 6:31pm
Quoting AbbeyRd
can somebody pls explain the meaning of risk-off/on?
Risk off means speculators are wary of poor market conditions and decides to buy into safe havens/fearful. Safe haven assets traditionally used to be USD, CHF, JPY and gold. However, with Trump at helm, USD has been...a little more volatile.
  • #453
  • May 4, 2020 8:20pm May 4, 2020 8:20pm
Quoting YvonneVon
{quote} For gamblers, if you believe XXX/JPY gonna go up...maybe you can take a stab at AUD/JPY. Major news tomorrow.
SL @ BE.
  • #454
  • May 4, 2020 11:15pm May 4, 2020 11:15pm
Gold seems going down since last night. Robin Hood.. Do you think it's still going up this week?
  • #455
  • May 4, 2020 11:31pm May 4, 2020 11:31pm
Quoting YvonneVon
{quote} SL @ BE.
Out.
  • #456
  • Edited 1:28am May 5, 2020 1:02am | Edited 1:28am
Quoting Cuteica
Gold seems going down since last night. Robin Hood.. Do you think it's still going up this week?
I don´t get same feeling as you do. Its been on the upside for a few weeks now and will remain so. After visiting 1740/60 i would say it might retrace back to 168x and from there skyrocket. I might be wrong. Thinking of a 10 pip profit is not healthy, breaks down your nerve system. I hold position that can take 2/3 weeks if necessary. I will not be short for a while
POSTMASTER
  • #457
  • May 5, 2020 1:27am May 5, 2020 1:27am
Quoting AbbeyRd
can somebody pls explain the meaning of risk-off/on?
A risk “on” environment is a mood of the market where investors feel good about the future prospects of the economy. Therefore, they take their capital and speculate in the stock market and high yielding instruments. This generally increases the value of the stock market and high yielding currencies which lately are the Australian Dollars (AUD) and New Zealand Dollars (NZD).

On a risk “off” environment, traders are better served buying safe haven currencies like the US Dollar (USD) or Japanese Yen (JPY). (Until August 2011, the Swiss Franc was also considered a safe haven currency, but the recent intervention by the Swiss National Bank is trying to curtail the buying of the Franc

At moment we are RISK ON.....sorry for my typing mistake
  • #458
  • May 5, 2020 1:37am May 5, 2020 1:37am
Quoting MQLTrade
{quote} A risk “on” environment is a mood of the market where investors feel good about the future prospects of the economy. Therefore, they take their capital and speculate in the stock market and high yielding instruments. This generally increases the value of the stock market and high yielding currencies which lately are the Australian Dollars (AUD) and New Zealand Dollars (NZD). On a risk “off” environment, traders are better served buying safe haven currencies...
thanks mate. is gold correlated to anything?
Trading is like fishing. Be patient and enjoy the fight.
  • #459
  • May 5, 2020 1:40am May 5, 2020 1:40am
Quoting AbbeyRd
{quote} thanks mate. is gold correlated to anything?
Sure: GOLD as safe haven (like USD e JPY) it goes UP during RISK OFF sentiment
  • #460
  • May 5, 2020 1:51am May 5, 2020 1:51am
Quoting YvonneVon
{quote} Risk off means speculators are wary of poor market conditions and decides to buy into safe havens/fearful. Safe haven assets traditionally used to be USD, CHF, JPY and gold. However, with Trump at helm, USD has been...a little more volatile.
https://www.armstrongeconomics.com/w...ng-bill-gates/
POSTMASTER
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