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EURUSD

  • #1,185,201
  • Sep 25, 2020 9:27am Sep 25, 2020 9:27am
Quoting Lamira
{quote} when i wrong i super wrong
Quoting mistaouting
Anyone think Europe's rise in covid cases could play a role again
Quoting Lamira
1.18489 short my sell side targets 1.18305 1.18175 1.17817 {quote} i hope so, we need this volatility going
what happen
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  • #1,185,202
  • Sep 25, 2020 9:28am Sep 25, 2020 9:28am
Quoting Lamira
I'm gonna laugh if 1h closes above yesterday low after that drop.... stop run before upper move ? i hope so... still believe in higher price until weekly close prove me being wrong.
Sure looked like a stop run to me. Still in a bear trend but hard to tell which way it wants to go this morning.
  • #1,185,203
  • Sep 25, 2020 9:28am Sep 25, 2020 9:28am
Quoting mistaouting
{quote} 1500 was bit ambitious this early I think...1630 early...with a possibility to hit 1530 but a week with high impact data could mean low volume Short term bearish long term bullish....all things currently constant. However starting to get a uptick in virus news coming out of Europe...USD isn't much to run 2 but gold is overbought....usd oversold....one may be a better buy
?

 

  1. Aug 3, 2020 9:31am

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  • #1,185,204
  • Sep 25, 2020 9:29am Sep 25, 2020 9:29am
Quoting coolhand
Worry of a covid outbreak in the EU making the euro weak. France and Spain being hit hard.
I hardly want to turn this into a covid discussion - but this is patently false, the deaths per capita have barely moved at all, this is a total nothing burger.

Why is this relevant? Because it won't be long until the market realised this, and then this whole short move will reverse very quickly (if this is the reason for it - but I think it's more to do with ECB sentiment).

I too am struggling to figure out why eu has dropped so much, and I've been expecting a big reversal today (just because it's end of the week).
  • #1,185,205
  • Sep 25, 2020 9:35am Sep 25, 2020 9:35am
Quoting Starcraftmaz
{quote} I hardly want to turn this into a covid discussion - but this is patently false, the deaths per capita have barely moved at all, this is a total nothing burger. Why is this relevant? Because it won't be long until the market realised this, and then this whole short move will reverse very quickly (if this is the reason for it - but I think it's more to do with ECB sentiment). I too am struggling to figure out why eu has dropped so much, and I've been expecting a big reversal today (just because it's end of the week).
I just mentioned it in passing about the EU covid situation as it was in a market report I read earlier, along with a couple of other things effecting the EU economy and the euro. A lockdown again will slow the eu and will weaken the euro. How will the ECB respond this time was a question.
  • #1,185,206
  • Sep 25, 2020 9:41am Sep 25, 2020 9:41am
Quoting coolhand
{quote} I just mentioned it in passing about the EU covid situation as it was in a market report I read earlier, along with a couple of other things effecting the EU economy and the euro. A lockdown again will slow the eu and will weaken the euro. How will the ECB respond this time was a question.

I think its just market uncertain all around, if the EU goes back into lock down, whats the economy impact, will they infuse more fiscal stimulus, will the US pass another fiscal stimulus bill, and the big one being the US election, the US dollar is the safe currency.
  • #1,185,207
  • Edited 9:56am Sep 25, 2020 9:43am | Edited 9:56am
Quoting Starcraftmaz
{quote} I hardly want to turn this into a covid discussion - but this is patently false, the deaths per capita have barely moved at all, this is a total nothing burger. Why is this relevant? Because it won't be long until the market realised this, and then this whole short move will reverse very quickly (if this is the reason for it - but I think it's more to do with ECB sentiment). I too am struggling to figure out why eu has dropped so much, and I've been expecting a big reversal today (just because it's end of the week).
Your "struggling to figure out" but using your own bias to ignore something to consider....

You have to remove your bias/opinions; as much of the human part of yourself you can when trading....

Much to do the with covid has been politicized....so tv, media, leaders, and so on feed you info that unknowing to you could sway your opinions...Reason you don't want to turn it in to a covid discussion...thats good...no one should want to be a tool!

"but this is patently false, the deaths per capita have barely moved at all"

The reason why it is relevant is because there is a level of uncertainty with possible outcomes! Very well could be a "nothing burger" lol. Very well could start shutting things down again...causing Euro to drop...do you want to be stuck in a long position over the weekend...if countries in the EU POSSIBLEY announce new measure....

BUT again could very well be a "nothing burger" but be smart and trade what you see not what you feel/assume/ guess and so on..
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  • #1,185,208
  • Sep 25, 2020 9:47am Sep 25, 2020 9:47am
Quoting mistaouting
{quote} {quote} {quote} what happen
don't get me wrong, I'm a bear but this double tops have to go(in my mind) before further bear levels reach. this poke was straight into my next sell target while I'm long hunting double tops once again i was on wrong side of market on Friday
  • #1,185,209
  • Sep 25, 2020 9:55am Sep 25, 2020 9:55am
Quoting Lamira
{quote} don't get me wrong, I'm a bear but this double tops have to go(in my mind) before further bear levels reach. this poke was straight into my next sell target while I'm long hunting double tops once again i was on wrong side of market on Friday
Don't see these doubles tops you guys talking about, but a double top is usually a bearish sign anyway...if price cant break R and it comes back down to the S the second time and go past that neckline created by both touches of S its going to move down further....at least what I was taught...

You guys looking at invisible double bottoms and tops
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  • #1,185,210
  • Sep 25, 2020 10:00am Sep 25, 2020 10:00am
the euro totally fucked up
{Promotion Removed}
  • #1,185,211
  • Sep 25, 2020 10:01am Sep 25, 2020 10:01am
dun see any direction going north
{Promotion Removed}
  • #1,185,212
  • Sep 25, 2020 10:03am Sep 25, 2020 10:03am
Quoting led1816
the euro totally fucked up
not at all, small moves.... lol

check back in a month

she get back to 1.08 then yeah she fucked up
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  • #1,185,213
  • Sep 25, 2020 10:03am Sep 25, 2020 10:03am
Quoting led1816
dun see any direction going north
wait till next week. It'll happen

People are finally suckered into shorting finally, and i have just finished my 12day bear run, filling up as a bull xD
its just a script. join the club
  • #1,185,214
  • Sep 25, 2020 10:04am Sep 25, 2020 10:04am
Quoting Dzap
{quote} wait till next week. It'll happen
yeah...all news constant.

I might scalp some bullish pips next week
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  • #1,185,215
  • Sep 25, 2020 10:08am Sep 25, 2020 10:08am
Quoting led1816
the euro totally fucked up

I don't know what you mean, it's a strong downtrend that you can see from 5 mins all the way to daily chart. I was looking for a bounce off yesterdays low on the hourly chart for a quick counter trend trade. There wasn't a bounce so no long entry. It's currently oversold from 5min - Daily chart, but oversold doesn't mean buy. I thought this whole week was pretty clear.
  • #1,185,216
  • Sep 25, 2020 10:33am Sep 25, 2020 10:33am
Quoting mistaouting
{quote} Your "struggling to figure out" but using your own bias to ignore something to consider.... You have to remove your bias/opinions; as much of the human part of yourself you can when trading.... Much to do the with covid has been politicized....so tv, media, leaders, and so on feed you info that unknowing to you could sway your opinions...Reason you don't want to turn it in to a covid discussion...thats good...no one should want to be a tool! "but this is patently false, the deaths per capita have barely moved at all" The reason why it is...
Dont get me wrong...not saying its all about covid....

consider the issues with the bank also
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  • #1,185,217
  • Sep 25, 2020 10:37am Sep 25, 2020 10:37am
Quoting mistaouting
{quote} Don't see these doubles tops you guys talking about, but a double top is usually a bearish sign anyway...if price cant break R and it comes back down to the S the second time and go past that neckline created by both touches of S its going to move down further....at least what I was taught... You guys looking at invisible double bottoms and tops
you are right
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  • #1,185,218
  • Sep 25, 2020 10:41am Sep 25, 2020 10:41am
Quoting Lamira
{quote} you are right {image} {image} {image}
:/// can you survive a few more hours?
its just a script. join the club
  • #1,185,219
  • Sep 25, 2020 10:42am Sep 25, 2020 10:42am
Quoting Lamira
{quote} you are right {image} {image} {image}
press F1
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  • #1,185,220
  • Edited 11:07am Sep 25, 2020 10:49am | Edited 11:07am
Quoting Dzap
{quote} :/// can you survive a few more hours?
oh, definitely. my leverage too tight on this account. thank you for asking )))
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