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EURUSD

  • #1,192,661
  • Apr 8, 2021 4:46am Apr 8, 2021 4:46am
Smart money says buy.. Buy... Later they come with the sword to slice...
  • #1,192,662
  • Apr 8, 2021 5:35am Apr 8, 2021 5:35am
Quoting Techanalyst
{quote} Traders with couple of hundred of dollars won't change anything AT ALL in trading, where you have institutions with billions and trillions of dollars into trading/investing. Of course it is not moving smoothly, we are in a world pandemic, since March.2020. A lot of industries have slowed down, and a lot of businesses are closing or bankrupt. Of course the price action will be slower. But you have to know what you're doing no matter what is going on in the market. I think this is the best time to learn for beginners traders and for experienced...
Of course small account traders would not really effect the market movement, I just took them as starting point of my opinion to say they and others the millionaires and big companies owners..etc who know shit about trading added to the system and somehow fucked it.
Most those weren't exist like a decade ago, none even heard or were interested in forex trading, recent years they all appeared with lot of advertisment by brokers hunting people money with fake promises of big profits!!

You have a good point of view about recession effect, but I simply don't see that the main reason for why market movement really changed that much!
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #1,192,663
  • Apr 8, 2021 6:54am Apr 8, 2021 6:54am
I closed my long at 1.1900 as intended. And I think it was a good idea, since it has formed a shooting star candlestick on the daily time-frame at 1.1915.
  • #1,192,664
  • Apr 8, 2021 7:35am Apr 8, 2021 7:35am
which one do you think is the best? spot trading or future trading?
  • #1,192,665
  • Edited 8:58am Apr 8, 2021 8:29am | Edited 8:58am
Quoting anjanawis
which one do you think is the best? spot trading or future trading?
nifty 50 value 20 etf has given 70% in a year, amount is diversified in top 20 indian large caps, it is safer than betting in options ; google nv20 and select any amc

this post is completely off topic , should have gone to members lounge
feel free to invite me to your forum, if you have any
  • #1,192,666
  • Apr 8, 2021 10:04am Apr 8, 2021 10:04am
not sure if it is safe to short this
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feel free to invite me to your forum, if you have any
  • #1,192,667
  • Apr 8, 2021 10:09am Apr 8, 2021 10:09am
Possible Double Top forming on 4 HR. Chart and we're already at monthly resistance 1.1900s
Only base above 1.1920 may abort...
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #1,192,668
  • Apr 8, 2021 11:30am Apr 8, 2021 11:30am
Quoting ChiForex
Possible Double Top forming on 4 HR. Chart and we're already at monthly resistance 1.1900s Only base above 1.1920 may abort...
Fakeout move for few pips or a base to reach weekly 1.1950s is being played now.

4hr. Candle close/new open will decide..

*TBH beautiful bounce from weekly support toward weekly resistance(1.1950s), that's an interesting candle to see!
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #1,192,669
  • Apr 8, 2021 12:03pm Apr 8, 2021 12:03pm
Quoting Leesi
Smart money says buy.. Buy... Later they come with the sword to slice...
You just made me $2k. You’ll make me $3k soon. I’ll Venmo you a coffee.
  • #1,192,670
  • Apr 8, 2021 12:24pm Apr 8, 2021 12:24pm
Quoting Js3mwtRc
Consolidating, if 1846 hold is going to test 1914/1946. Below 1821/1795 are supports.
I change 1846 to 1860, a break of the last should test 1821/1795.
Looking for profitable short term trades ...|
  • #1,192,671
  • Apr 8, 2021 1:40pm Apr 8, 2021 1:40pm
Quoting ChiForex
{quote} Indeed, Forex no longer like 5 and 10 years ago. Maybe due to lot of different types of algorithms entered the game and fucked it up. Every one with few hundreds and thousands want to be a trader, enters and trades stupidly..little stupid trades from here and there added up to fucking up the system besides new factors weren't exist before. The days EU and major pairs were moving smoothly like swinging or breakout perfectly with wide pips range, all ended long years ago. Now most moves became random even if as a pro trader can expect most...
cryptos fucked everything..
  • #1,192,672
  • Apr 8, 2021 1:49pm Apr 8, 2021 1:49pm
Quoting ChiForex
{quote} Indeed, Forex no longer like 5 and 10 years ago. Maybe due to lot of different types of algorithms entered the game and fucked it up. Every one with few hundreds and thousands want to be a trader, enters and trades stupidly..little stupid trades from here and there added up to fucking up the system besides new factors weren't exist before. The days EU and major pairs were moving smoothly like swinging or breakout perfectly with wide pips range, all ended long years ago. Now most moves became random even if as a pro trader can expect most...
I am trading since 2009 and its as simple and easy as it always was. The only time I make a bad trade, is because of my own stupidity and impatientness, other than that, nothing has changed, even the amount of people whining and complaining is the same. People need to take responsibility for their bad decisions and not blame everyone else for them, in trading and in everything else in life.
Everyone can see the chart, but only a few can actually read it.
  • #1,192,673
  • Apr 8, 2021 2:06pm Apr 8, 2021 2:06pm
Quoting OnlineAddict
{quote} even the amount of people whining and complaining is the same.

Dont know if it was intentional, but that is great humor! you cracked me up, thanks !

P.S good points too. Though I personally found the first forums in those years to be a bit more constructive in many ways and less effort disapproving others and hating for reasons invented out of the blue. Strange world !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #1,192,674
  • Apr 8, 2021 2:12pm Apr 8, 2021 2:12pm
Quoting mtako
{quote} Dont know if it was intentional, but that is great humor! you cracked me up, thanks ! P.S good points too. Though I personally found the first forums in those years to be a bit more constructive in many ways and less effort disapproving others and hating for reasons invented out of the blue. Strange world !
You might think that the troll number is up, but its just because more people use internet than 10 years ago...so the amount of trolls increased, but the % of normal vs trolls is still the same. The world is evolving, we are not living in caves anymore...not even riding horses to work...yet some people will never be able to adapt to changes and will always complain. Obviously, the world is not where is was 10 years ago, 20 years ago, 50 years ago...everything is evolving and we need to adapt, thats life.

My favorite poster here was cloggie, back then I had a different account, which I lost access to. It seems like yesterday...but just checked and it was in 2012, when he left the forum, due to idiots who were harassing him, for jealousy reasons I suppose, because I learned a lot from him and still can't find a trader like him here now. And that was 9 years ago...so no, not much has changed, still full of jealous trolls.
Everyone can see the chart, but only a few can actually read it.
  • #1,192,675
  • Apr 8, 2021 2:21pm Apr 8, 2021 2:21pm
Quoting RodTorfulson
{quote} You just made me $2k. You’ll make me $3k soon. I’ll Venmo you a coffee.
  • #1,192,676
  • Apr 8, 2021 4:21pm Apr 8, 2021 4:21pm
Quoting OnlineAddict
{quote} I am trading since 2009 and its as simple and easy as it always was. The only time I make a bad trade, is because of my own stupidity and impatientness, other than that, nothing has changed, even the amount of people whining and complaining is the same. People need to take responsibility for their bad decisions and not blame everyone else for them, in trading and in everything else in life.
Philosophizing and Popularity talking wouldn't help you here, as neither complaining nor blaming, but just saying facts as it is.
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #1,192,677
  • Apr 8, 2021 4:23pm Apr 8, 2021 4:23pm
Looks like the market is now open to the downside, as we grind above 1.1915
  • #1,192,678
  • Apr 8, 2021 4:27pm Apr 8, 2021 4:27pm
I see the pair going to mark a new final high btw 1.1930s and 1.1950s for weekly and higher retrace on monthly then going back on bearish daily candle plus retracing down to keep weekly candle not that bullish, would be interesting if can end the week around 1.1850s, a positive close for bears!
An unexpected weekly close above 1.1960 is very bullish toward 1.2050 later..
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
  • #1,192,679
  • Apr 8, 2021 5:06pm Apr 8, 2021 5:06pm
Quoting ChiForex
{quote} Philosophizing and Popularity talking wouldn't help you here, as neither complaining nor blaming, but just saying facts as it is.
Your opinion is not a fact, its just an opinion, your point of view, nothing more.
Everyone can see the chart, but only a few can actually read it.
  • #1,192,680
  • Apr 8, 2021 6:51pm Apr 8, 2021 6:51pm
Quoting ChiForex
I see the pair going to mark a new final high btw 1.1930s and 1.1950
I think what we've seen is the high for the week. It's all downside from here.
Looking here for excuses to sell this market.
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