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EURUSD

  • #1,172,641
  • Jun 16, 2020 2:08am Jun 16, 2020 2:08am
Quoting PatienceFx
Some tricks for newbies {image}
What's the trick here??
  • #1,172,642
  • Jun 16, 2020 2:41am Jun 16, 2020 2:41am
Dre is a serious battle going on here.
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  • #1,172,643
  • Jun 16, 2020 2:42am Jun 16, 2020 2:42am
Long EJ. See if we can fly top side a bit from here.
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As the lights go by so too do the shadows move
  • #1,172,644
  • Jun 16, 2020 2:47am Jun 16, 2020 2:47am
Quoting Endoephemera
{quote} - There are no market makers in Forex.
"In currency exchange
Most foreign exchange trading firms are market makers and so are many banks. The market maker both sells to and also buys from its clients and is compensated by means of price differentials for the service of providing, liquidity reducing transaction costs and facilitating trade."

Source


I was mentioning about FX Futures on my previous post.
Looking for profitable short term trades ...|
  • #1,172,645
  • Jun 16, 2020 3:03am Jun 16, 2020 3:03am
Quoting briancollins
Dre is a serious battle going on here. {image}
There is no battle going on.

Up to new high running stops of the shorts.
Then down break to run long stops.
Pause to let more longs in and break down, more significant to run more stops.
As fools enter short pros close the shorts and build long positions.
Practitioner of the cryptic trading arts
  • #1,172,646
  • Jun 16, 2020 3:06am Jun 16, 2020 3:06am
Quoting Matts Micro
Long EJ. See if we can fly top side a bit from here. {image}
Just a note on my posting.

I like to post trades when I see a good reasoning for the trade. As you will notice if you have read my previous posts (though a bit scarce in this thread) I am not specifically concerned with a win or loss.

I have posted many trades when they are going against me (time of trade vs time taken to post). I do this because it is not about the win or loss but rather if you understand your reasoning for the trade with a good plan, the rest will follow. For me this keeps seriousness to my trading by reminding me losses are part of the job.

My trade SL just got hit whilst typing. -16 pips. I had a good reason for the trade though momentum was a bit hard against me.

Planned, traded, SL hit, next trade.

GL. Matt.
As the lights go by so too do the shadows move
  • #1,172,647
  • Jun 16, 2020 3:06am Jun 16, 2020 3:06am
Considering buy if the price falls to range 1.1303-1.1291 and then updates today's high
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  • #1,172,648
  • Jun 16, 2020 3:26am Jun 16, 2020 3:26am
The trend broke, because of this New which means risk aversion, first AJ and NJ reacted then AU and NU and EU followed, ZEW should support it, but I don't trust the news, the price can do anything, so I risk small.
Looking for profitable short term trades ...|
  • #1,172,649
  • Jun 16, 2020 3:27am Jun 16, 2020 3:27am
UJ. Long. Looking at the supply region, the previous HH and the BO of the triangle formation. I use confluence to make make decisions on my trading direction. I will also know fairly quickly if the plan fails if a BO on the bottom side allowing for minimal risk.
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As the lights go by so too do the shadows move
  • #1,172,650
  • Jun 16, 2020 3:48am Jun 16, 2020 3:48am
Please consider taking a look at my Weekly Market Update. DXY starts at 0:03, EUR/USD starts at 03:25.

I upload weekly analysis every Sunday and daily analysis from TUE to FRI.


Inserted Video
  • #1,172,651
  • Jun 16, 2020 4:11am Jun 16, 2020 4:11am
Please consider taking a look at my 30 minute eu update
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  • #1,172,652
  • Jun 16, 2020 4:18am Jun 16, 2020 4:18am
in 3 hours usd will take Viagra on retail sales data, so do not be too bullish on EU
  • #1,172,653
  • Jun 16, 2020 4:24am Jun 16, 2020 4:24am
Quoting PatienceFx
in 3 hours usd will take Viagra on retail sales data, so do not be too bullish on EU
Looks like, it is going to test 1.1300 and it may fall further.
Looking for profitable short term trades ...|
  • #1,172,654
  • Jun 16, 2020 4:34am Jun 16, 2020 4:34am
putting EU & AU h1 charts side by side

AUD reacts first to any USD or CNY data or news
  • #1,172,655
  • Jun 16, 2020 4:42am Jun 16, 2020 4:42am
Quoting PatienceFx
putting EU & AU h1 charts side by side AUD reacts first to any USD or CNY data or news
AU is trying to recover, but I see NU worst which is very correlated together.

Also the fact that the trend doesn't want to continue up after the ZEW Sentiment which came well above expectations tells the story too.
Looking for profitable short term trades ...|
  • #1,172,656
  • Jun 16, 2020 5:02am Jun 16, 2020 5:02am
Quoting Js3mwtRc
{quote} AU is trying to recover, but I see NU worst which is very correlated together. Also the fact that the trend doesn't want to continue up after the ZEW Sentiment which came well above expectations tells the story too.
well oil is sold in usd, so i will give more weightage to usd for now
  • #1,172,657
  • Jun 16, 2020 5:11am Jun 16, 2020 5:11am
An option for sales, taking into account yesterday's movement, considering a downward correction with the first target at 1.1303-1.1291, if it goes further down, the target will be at level 1.1181
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  • #1,172,658
  • Jun 16, 2020 5:13am Jun 16, 2020 5:13am
Quoting PeNuel2020
{quote} With the double support @133.900 price, as well as trendline support, 160pips already back to that resistance. A break upside is more imminent than downside. {image}
I don't think it will get to your take profit. Possibly the best option is to close your trade manually now and take whatever profit there is. But it is your position, do as you wish. Trade safe.

Also news for GBP claimant count change, was negative.
  • #1,172,659
  • Jun 16, 2020 5:20am Jun 16, 2020 5:20am
Quoting PatienceFx
{quote} well oil is sold in usd, so i will give more weightage to usd for now
eu started dropping already in anticipation of usd news or is it bear trapping ?
  • #1,172,660
  • Jun 16, 2020 5:59am Jun 16, 2020 5:59am
Quoting Matts Micro
UJ. Long. Looking at the supply region, the previous HH and the BO of the triangle formation. I use confluence to make make decisions on my trading direction. I will also know fairly quickly if the plan fails if a BO on the bottom side allowing for minimal risk. {image}
Out -7 pips. Next trade.
As the lights go by so too do the shadows move
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