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EURUSD

  • #1,169,781
  • May 14, 2020 9:13am May 14, 2020 9:13am
Why are people buying with a red gdp coming I do not understand this
Master your mind. Master Trading.
  • #1,169,782
  • May 14, 2020 9:15am May 14, 2020 9:15am
This is the reason why we are seeing lower prices. The herd is rarely right.

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Learn from your mistakes and march on.
  • #1,169,783
  • May 14, 2020 9:20am May 14, 2020 9:20am
Quoting here2there
This is the reason why we are seeing lower prices. The herd is rarely right. {image}Image Source
I guess the pair is waiting for tomorrow showdown instead
Fundamental provide Volume, Technical shows Direction
  • #1,169,784
  • May 14, 2020 9:24am May 14, 2020 9:24am
Quoting princeali115
Why are people buying with a red gdp coming I do not understand this
I guess most market if not all is getting red gdp no?
Fundamental provide Volume, Technical shows Direction
  • #1,169,785
  • May 14, 2020 9:25am May 14, 2020 9:25am
Quoting LucasT
{quote} I guess the pair is waiting for tomorrow showdown instead
I believe we are either going to get that divergence I spoke of earlier, or price is going to drop hard and bounce somewhere around 1.075.
Learn from your mistakes and march on.
  • #1,169,786
  • May 14, 2020 9:26am May 14, 2020 9:26am
opened short on 1.0781. i expect euro dollar breaking through the border 1.0775 and further movement to my take profit.
tp 1.0761
sl 1.0797
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  • #1,169,787
  • May 14, 2020 9:27am May 14, 2020 9:27am
Quoting here2there
This is the reason why we are seeing lower prices. The herd is rarely right. {image}Image Source
According to the Polish Financial Oversight Commission (PFOC) in 2018 Polish traders lost over 151 million USD.
https://theforexreview.com/2019/04/0...in-2018-alone/

Just 1 country. So retail traders are big business.
  • #1,169,788
  • May 14, 2020 9:31am May 14, 2020 9:31am
Quoting juhanimi
{quote} ...retail traders are big business.
Yep! And Smart Money's high frequency trading bots are making it harder and harder for us to win.
That's one of the reasons why some daring traders use a limit order strategy at highs and lows, and scalp their way to success.
But you need to have a large account to withstand the possible drawdown using such a strategy, the intestinal fortitude to overcome the psychological games the banks play, and the common sense to know when to get out and suck up a loss.
Learn from your mistakes and march on.
  • #1,169,789
  • May 14, 2020 9:37am May 14, 2020 9:37am
I would say that charts is the same as always, just volatility is lower. This Corona mess is of course a bit different than usual, but anyways, charts are same.
  • #1,169,790
  • May 14, 2020 9:41am May 14, 2020 9:41am
closed all, not the easiest day to trade, hopefully better tomorrow
  • #1,169,791
  • May 14, 2020 10:08am May 14, 2020 10:08am
and now new low od day is on turn after burning some SL of retails
  • #1,169,792
  • May 14, 2020 10:24am May 14, 2020 10:24am
Quoting pridolfx
and now new low od day is on turn after burning some SL of retails
That's usually how it works. Like I said in a previous comment, retail traders need to have the intestinal fortitude to overcome the psychological games of the banks. A tight stop loss almost always results in failure.
Learn from your mistakes and march on.
  • #1,169,793
  • May 14, 2020 10:27am May 14, 2020 10:27am
Quoting here2there
{quote} That's usually how it works. Like I said in a previous comment, retail traders need to have the intestinal fortitude to overcome the psychological games of the banks. A tight stop loss almost always results in failure.
yes no SL 2x a day scqlp 5p and over
the days when we carch 100p+ with 1 enter are pass
  • #1,169,794
  • May 14, 2020 10:49am May 14, 2020 10:49am
my next tp would be 1.0750 hopefully
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,169,795
  • May 14, 2020 10:50am May 14, 2020 10:50am
Quoting here2there
{quote} I feel sorry for people who believe in that nonsense.
Well you know my friend
me too,
But planets do have effects, but we don't know their interface yet
Anyway, this is just an idea

For trading, we only need to be with the chart

good luck
  • #1,169,796
  • May 14, 2020 11:32am May 14, 2020 11:32am
Let's hope that next week, there will be a lot of volatility. As this week has been very slow. I just opened sell position on EURCAD. Let's see how it goes. When the volatility is slow, I do trade down on 5min tf. But I see a good opportunity on EURCAD long term and that is why i took sell position. You can trade on low TF even if the volatility is high, but i like to trade and hold positions, when volatility is high because you get a lot of pips from it and good profit. I also add positions in that case. But this week market has been slow so trading on lower time frames is giving me some profit. Get in, get out as quickly as you can. Trade safe.
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  • #1,169,797
  • May 14, 2020 11:36am May 14, 2020 11:36am
It's looking more and more like EURUSD is going to crash hard. I would like to see a retracement before that happens, but USD is killing it.
Learn from your mistakes and march on.
  • #1,169,798
  • Edited 12:30pm May 14, 2020 11:43am | Edited 12:30pm
Quoting seincard
{quote} Well you know my friend me too, But planets do have effects, but we don't know their interface yet Anyway, this is just an idea For trading, we only need to be with the chart good luck
Well don't back off now . I can just say that people wouldn't believe what (all) correlates to market(s) (If I learned anything in the last 11 years anyway)...
My prediction model of 11+ is (also) using "certain" DATA that (most) people would just laugh their asses off (I just tried to apply (certain tools from other field that I came from) it "for fun" at be beginning and this is how the trading journey started - 11y+ ago)... I have been observing some (co)relations that are WTF. and I still don't get the WHY part.. just that it APPEAR to (co)relate) - can't claim it for sure, not yet, even after all those times (since hard to isolate certain parameter even it works down to a slope at considerable amount of times), at least apart of certain (temp) interventions/bumps/anomalies etc.. With that in mind, can say that I am LONG for the next 1-2weeks at least.

And anything is possible until proven otherwise, right. Science is about proofs (by eliminations (also)). And markets are the ultimate mystery since everything is mirrored/included in it somehow... And no, I am not saying that what you referred to does have an affect but until I can prove it doesn't.. I will not claim that either .

Just my 2 bents man

(hope some others won't get triggered, this message was for you, others are welcome to read but have no energy to argue/defend anything I wrote in this post, not now, not in this thread)

Can you afford to take that chance?
  • #1,169,799
  • May 14, 2020 11:56am May 14, 2020 11:56am
Quoting here2there
It's looking more and more like EURUSD is going to crash hard. I would like to see a retracement before that happens, but USD is killing it.
And when I was selling today that ur saying I think twice before selling
  • #1,169,800
  • May 14, 2020 12:02pm May 14, 2020 12:02pm
Quoting Kingofnight
{quote} And when I was selling today that ur saying I think twice before selling
That's right! Things change. The market is dynamic. Therefore, people should put thought into trading. The point I was making was a trader must count the cost and be prepared to suck up a loss.
EURUSD could go either way. And when it goes, it will likely be hard on those who are not on the right side.
A trader must have a plan. Sometimes not trading is the best option.

You have taken my comment out of context and are attempting to use it against me. Don't do that! It's rude and ignorant. I have shown kindness towards you in here. Do the same to me!
Learn from your mistakes and march on.
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