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  • #1,177,561
  • Aug 6, 2020 3:13am Aug 6, 2020 3:13am
Quoting leashedmode
{quote} Wondering if this drop is for real or simply to convince that the market is falling, looking to see how 1.185-1.180 holds. Breaking the highs and getting to 1.20 and above was/is anyhow going to be pretty ugly and full of traps anyways.. with SLs being ripped to pieces, flying all over.
I am not sure. But whenever EURUSD or GBPUSD has weird big moves.....I always check EURGBP, which I think is the culprit. Must be some Brexit news?
EURGBP massive 50pips drop (50pips is a lot for EURGBP). GBPUSD trying its very best to break above 1.32....reaching reaching...aargg...need to reach.....
  • #1,177,562
  • Aug 6, 2020 3:14am Aug 6, 2020 3:14am
building long positions with target 1975
  • #1,177,563
  • Aug 6, 2020 3:16am Aug 6, 2020 3:16am
Quoting hasilnyata
{quote} I think that forex is not gambling because it uses indicators, look at the news, while gambling is like poker only based on the lucky factor even though the results are the same, if you don't win, you lose
Poker has indicators also lol
Probability is a part also. You bet more with higher probability of winning hands
LOCK IN RE-ENTER
  • #1,177,564
  • Aug 6, 2020 3:18am Aug 6, 2020 3:18am
Quoting PatienceFx
building long positions with target 1975
2025 is my area of interest at nfp
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 46 KB
  • #1,177,565
  • Aug 6, 2020 3:29am Aug 6, 2020 3:29am
Quoting pgidia
{quote} So if next H4 close at low then we can sell ?
I was not looking at the 4 hours chart when I wrote this post.

I don't know what the next 4 hours candle will do if, it closes below the lows of the day, but half of the odds are that it will be a continuation of the downtrend - look if, there is space for a good reward.
Looking for profitable short term trades ...|
  • #1,177,566
  • Aug 6, 2020 3:46am Aug 6, 2020 3:46am
Good morning guys... shit is crazy but my first thought. If bears are in action. Why is it stopping here? Going to load 2lot 1.1840
Trade what you see, take what the market gives you.
  • #1,177,567
  • Aug 6, 2020 4:04am Aug 6, 2020 4:04am
Quoting VuLe
Good morning guys... shit is crazy but my first thought. If bears are in action. Why is it stopping here? Going to load 2lot 1.1840

If I get 1.1825-1.180 I will be looking to add one or two longs there otherwise will keep the previous ones running. Longs for me as long as 1.170 holds, if it breaks well enough I will still be able to get out in decent green with all the longs I have been building for almost 3 weeks now.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,568
  • Aug 6, 2020 4:10am Aug 6, 2020 4:10am
Traders here mention often about "they" "them" manipulating the market... Bull and bear traps... Stop hunts

Do you think they use online sources like forums to get some data....

It's a fact they use algorithms that look for keys words and other data online with news

That spike up last night was crazy...
LOCK IN RE-ENTER
  • #1,177,569
  • Aug 6, 2020 4:12am Aug 6, 2020 4:12am
Quoting leashedmode
{quote} If I get 1.1825-1.180 I will be looking to add one or two longs there otherwise will keep the previous ones running. Longs for me as long as 1.170 holds, if it breaks well enough I will still be able to get out in decent green with all the longs I have been building for almost 3 weeks now.
yes. 100%. Im with Tech this time. My 4h bb shows a strong target buy at 1.1810...
First time in a while that I try to trade 5lot (if I add 2more lot buy at 1.1810) above.... I still have 1.1855 (1lot) and 1.1870(.1) x2 in position.
Trade what you see, take what the market gives you.
  • #1,177,570
  • Aug 6, 2020 4:13am Aug 6, 2020 4:13am
Quoting mistaouting
Traders here mention often about "they" "them" manipulating the market... Bull and bear traps... Stop hunts Do you think they use online sources like forums to get some data.... It's a fact they use algorithms that look for keys words and other data online with news That spike up last night was crazy...
I thought about that too before. But we are minorities.. only like 6 of us are actively speaking on this thread while there are millions of traders all over the world.
Trade what you see, take what the market gives you.
  • #1,177,571
  • Aug 6, 2020 4:20am Aug 6, 2020 4:20am
Quoting VuLe
{quote} yes. 100%. Im with Tech this time. My 4h bb shows a strong target buy at 1.1810... First time in a while that I try to trade 5lot (if I add 2more lot buy at 1.1810) above.... I still have 1.1855 (1lot) and 1.1870(.1) x2 in position.

All the best mate, I am looking for bulls to kick in as well.. might take a while and maybe after NFP tomorrow.. but let's see, time will tell. For today I would just like to see 1.180 hold and possibly push it higher. On the bulls side as long as 1.170 stays the king.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,572
  • Aug 6, 2020 4:27am Aug 6, 2020 4:27am
Quoting VuLe
{quote} yes. 100%. Im with Tech this time. My 4h bb shows a strong target buy at 1.1810... First time in a while that I try to trade 5lot (if I add 2more lot buy at 1.1810) above.... I still have 1.1855 (1lot) and 1.1870(.1) x2 in position.

For now the price is being heavily rejected from the previous week open close fib extension 50. There's a possibility it keeps the price up [maybe] but yes it can even come crashing down to 1.182-1.180.
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,177,573
  • Aug 6, 2020 5:02am Aug 6, 2020 5:02am
Quoting VuLe
Good morning guys... shit is crazy but my first thought. If bears are in action. Why is it stopping here? Going to load 2lot 1.1840
challenger job cuts / unemployment claims ;; buy eu
  • #1,177,574
  • Aug 6, 2020 5:05am Aug 6, 2020 5:05am
Quoting leashedmode
{quote} For now the price is being heavily rejected from the previous week open close fib extension 50. There's a possibility it keeps the price up [maybe] but yes it can even come crashing down to 1.182-1.180.
we are below day open, so anything can happen if 1840 does not hold
  • #1,177,575
  • Aug 6, 2020 5:16am Aug 6, 2020 5:16am
Institutions loading up their buy positions before NFP. Tomorrow should shoot up possibly 100 pips.
  • #1,177,576
  • Aug 6, 2020 5:33am Aug 6, 2020 5:33am
Quoting PatienceFx
{quote} challenger job cuts / unemployment claims ;; buy eu
exiting longs ; claims data is usd +ve ; so nfp should be usd +ve
  • #1,177,577
  • Aug 6, 2020 5:37am Aug 6, 2020 5:37am
Quoting PatienceFx
{quote} exiting longs ; claims data is usd +ve ; so nfp should be usd +ve
short taken 1850
Attached Image
  • #1,177,578
  • Aug 6, 2020 5:44am Aug 6, 2020 5:44am
Quoting PatienceFx
{quote} short taken 1850 {image}
Something tells me that bull aint done.. it shows a 3 double top... this time will break the barrier... just like last time.. 1.1809 3 times and break it on the forth... let see if history repeats itself. If bear had come in, it would have gone already. Instead of sitting here waiting and making it seem like bulls are done. I may he wrong but my (B.E) is at 1.1845

edit* if bull dont take off soon, I will set sl to BE. It may be bull trap as well. Going to keep watching
Trade what you see, take what the market gives you.
  • #1,177,579
  • Aug 6, 2020 5:54am Aug 6, 2020 5:54am
The drop in those applying for jobless benefits was the largest in almost two months, a welcome improvement after weeks of plateauing at elevated levels. With claims still exceeding a million on a weekly basis, the job market has a long road to fully recovering.

Lawmakers are still working toward a stimulus package that would once again bolster the size of millions of Americans’ unemployment checks, but in the meantime, the extra $600 that has helped keep incomes and spending afloat in recent months has expired.

a clear indication of nfp data to come
  • #1,177,580
  • Aug 6, 2020 6:06am Aug 6, 2020 6:06am
Quoting VuLe
{quote} Something tells me that bull aint done.. it shows a 3 double top... this time will break the barrier... just like last time.. 1.1809 3 times and break it on the forth... let see if history repeats itself. If bear had come in, it would have gone already. Instead of sitting here waiting and making it seem like bulls are done. I may he wrong but my (B.E) is at 1.1845 edit* if bull dont take off soon, I will set sl to BE. It may be bull trap as well. Going to keep watching
anyways everything depends on the "paycheck protection program" ; if it dries up ; USD will go into a deep dive
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