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  • #1,168,441
  • May 5, 2020 11:33am May 5, 2020 11:33am
0832 area could be a good support to break for the bears on the M15 and may lead to another leg down....however volume is low so good price action isnt expected but appreciated lol

if that support holds and rejected again at the 0852 area that may form a H&S on the M5
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  • #1,168,442
  • May 5, 2020 11:35am May 5, 2020 11:35am
Quoting MrBullBear
{quote} I was saddened to see you guys clashed. You are one of the few i am keeping an eye on that thread. Anyways, you are badly needed here. This thread needs balance. 'Coz there's a few dilutional who thinks they know how to trade and acting like a guru know it all and is really dangerous to newbies and learners. I hope your presence will make em lay lo. Cheers to you!
I guess we all had to let him be..

Anyway, together, we are going to make this thread a better place.. Nobody can’t attempt it alone.. See how it turned that guy to a dictator?

EU wise, big picture remains bearish for me and I think this month will be more telling than the previous..

theres a lot to gain
SS
  • #1,168,443
  • May 5, 2020 11:39am May 5, 2020 11:39am
Quoting here2there
{quote} People like ATA do more harm to this forum than good.

that's funny....do more harm to "this forum" than good
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  • #1,168,444
  • May 5, 2020 11:42am May 5, 2020 11:42am
US Treasury Seeks to Borrow a Record 3 Trillion this Quarter: https://www.cnbc.com/2020/05/04/us-t...s-quarter.html

This will likely not end well.
Learn from your mistakes and march on.
  • #1,168,445
  • May 5, 2020 11:44am May 5, 2020 11:44am
Quoting here2there
{quote} I use the one available on Trading View, but it's not free. You have to have a pro account to access it. I think you would find it helpful with your scalping strategy. Have you considered using a VWAP? It's a fantastic indicator, especially for scalpers. I have a special one I use that works on higher time frames, but I had to purchase it. Unfortunately, I can't share a link with you because FF rules forbids it. But if you do a Google search for vwap indicator mt4, you might find it.
Vwap is easily accessible for free (if you mean volume weighted moving average). It is the same as simple moving average just with some values changed according to volume.
  • #1,168,446
  • May 5, 2020 11:44am May 5, 2020 11:44am
Quoting here2there
US Treasury Seeks to Borrow a Record 3 Trillion this Quarter: https://www.cnbc.com/2020/05/04/us-t...s-quarter.html This will likely not end well.
unless its put to good use...

edit: a lot more than some other countries are able to do in the fight against the economic fallout from the virus....maybe why the usd is up euro is going down
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  • #1,168,447
  • May 5, 2020 11:49am May 5, 2020 11:49am
Quoting mades
{quote} Vwap is easily accessible for free (if you mean volume weighted moving average). It is the same as simple moving average just with some values changed according to volume.
isnt volume in forex specific to your broker....no way to actually get volume of forex trades around the world?
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  • #1,168,448
  • May 5, 2020 11:55am May 5, 2020 11:55am
Quoting mistaouting
{quote} unless its put to good use... edit: a lot more than some other countries are able to do in the fight against the economic fallout from the virus....maybe why the usd is up euro is going down
I think you don't realize how bad debt can be for an economy, especially when it is an amount that is impossible to pay back.
Learn from your mistakes and march on.
  • #1,168,449
  • May 5, 2020 11:59am May 5, 2020 11:59am
Quoting mistaouting
{quote} that's funny....do more harm to "this forum" than good
he is ok and good, everybody's here treated as an experienced trader and what we all do are prediction, probability, and analyzing.who know what exactly will happen.
  • #1,168,450
  • May 5, 2020 12:02pm May 5, 2020 12:02pm
Quoting mades
{quote} Vwap is easily accessible for free (if you mean volume weighted moving average). It is the same as simple moving average just with some values changed according to volume.
Then it's NOT really the same.

Yes, one can easily find a free VWAP MT4 indicator on the internet. But show me where you can find a free MT4 VWAP indicator that specifically works on higher time frames. I have not found any. Hence my reason for purchasing one.
Learn from your mistakes and march on.
  • #1,168,451
  • May 5, 2020 12:06pm May 5, 2020 12:06pm
Quoting mistaouting
{quote} isnt volume in forex specific to your broker....no way to actually get volume of forex trades around the world?
That doesn't really matter with VWAP. But it is recommended to use a broker known to have high volume, such as FXCM, when using Volume Profile.
Learn from your mistakes and march on.
  • #1,168,452
  • May 5, 2020 12:09pm May 5, 2020 12:09pm
Quoting here2there
{quote} I think you don't realize how bad debt can be for an economy, especially when it is an amount that is impossible to pay back.
no not that familiar with it....but who is the issuer and who is the borrower....plus in relation to GDP...is that something to consider also and could GDP for the US and other countries have significant changes soon for the better and learning from the affects for putting all your eggs in one basket....global supply chains....china....could be significantly global shake ups coming depending on who is in office in the US very soon

edit: even with the US going into debt further....i doubt usd looses more ground against the euro...on the grand scheme of things
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  • #1,168,453
  • May 5, 2020 12:16pm May 5, 2020 12:16pm
Quoting mistaouting
{quote} no not that familiar with it....but who is the issuer and who is the borrower....plus in relation to GDP...is that something to consider also and could GDP for the US and other countries have significant changes soon for the better and learning from the affects for putting all your eggs in one basket....global supply chains....china....could be significantly global shake ups coming depending on who is in office in the US very soon
If the US keeps printing money out of thin air with nothing to back it but an empty promise to pay it back, then the economy will eventually crash. It will result in businesses shutting down, massive job loss, an imbalance in supply and demand on goods and necessary services, and then possibly hyperinflation. And you know what happens after that? Civil unrest. Increased crime. Starvation. Homelessness. Spread of disease, etc... Martial Law.

Debt can be used for good, but debt can also be a two-edged sword.
Learn from your mistakes and march on.
  • #1,168,454
  • May 5, 2020 12:23pm May 5, 2020 12:23pm
Quoting here2there
{quote} If the US keeps printing money out of thin air with nothing to back it but an empty promise to pay it back, then the economy will eventually crash. It will result in businesses shutting down, massive job loss, an imbalance in supply and demand on goods and necessary services, and then possibly hyperinflation. And you know what happens after that. Civil unrest. Increased crime. Starvation. Homelessness. Spread of disease, etc... Debt can be used for good, but debt can also be a two-edged sword.
thing is..we are there...massive job loss (check), imbalance in supply and demand (check), haven't made it to hyperinflation yet, civil unrest (check), increased crime (check), starvation (check), homelessness (check), spread of disease (well obvious (check))… just not the theatrical movie inspired ways some picture...

but I agree debt can be good or bad....the world is very complicated
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  • #1,168,455
  • May 5, 2020 12:27pm May 5, 2020 12:27pm
Quoting mistaouting
{quote} thing is..we are there...massive job loss (check), imbalance in supply and demand (check), haven't made it to hyperinflation yet, civil unrest (check), increased crime (check), starvation (check), homelessness (check), spread of disease (well obvious (check))… just not the theatrical movie inspired ways some picture... but I agree debt can be good or bad....the world is very complicated
We are only at the birth pangs of a crashing economy. Things can and are expected to get much worse. It would be wise to eliminate as much debt as possible.
Learn from your mistakes and march on.
  • #1,168,456
  • May 5, 2020 12:43pm May 5, 2020 12:43pm
Quoting here2there
{quote} We are only at the birth pangs of a crashing economy. Things can and are expected to get much worse. It would be wise to eliminate as much debt as possible.
none the less i think the eurousd will continue its downward trend from the past couple years...with up and downs along the way obviously
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  • #1,168,457
  • May 5, 2020 12:47pm May 5, 2020 12:47pm
Above this 1,0832/40 chances are 1,0884
Below it, chances are 1,0783
COT: The precious data ignored
  • #1,168,458
  • May 5, 2020 12:50pm May 5, 2020 12:50pm
Quoting mistaouting
{quote} none the less i think the eurousd will continue its downward trend from the past couple years...with up and downs along the way obviously
I agree.
Learn from your mistakes and march on.
  • #1,168,459
  • May 5, 2020 1:02pm May 5, 2020 1:02pm
Quoting mistaouting
{quote} none the less i think the eurousd will continue its downward trend from the past couple years...with up and downs along the way obviously
This is what I am looking out for: https://www.forexfactory.com/showthr...7#post12920717
Learn from your mistakes and march on.
  • #1,168,460
  • May 5, 2020 1:28pm May 5, 2020 1:28pm
9 hours after closing my trade at ADR 839

eu is just shifting its butt left n right driving everyone crazy lol
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