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EURUSD only

  • #130,781
  • Apr 23, 2021 1:06pm Apr 23, 2021 1:06pm
eu 15m is ridiculous, like a renko chart
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offering my system to copy trade. check my link
  • #130,782
  • Apr 23, 2021 1:07pm Apr 23, 2021 1:07pm
Quoting OnlineAddict
{quote} Many US states are already open, with life back to normal...while Europeans are locked down like cattle. US will be fully recovered before EU bureaucrats wake up.
locked down but going to work
Another day, another dollar.
  • #130,783
  • Apr 23, 2021 1:10pm Apr 23, 2021 1:10pm
Quoting Godzilla
{quote} Bears will only b interested if we break 1.2000 irrespective of positive pips given the range
Out at 2080 with -30
  • #130,784
  • Apr 23, 2021 1:14pm Apr 23, 2021 1:14pm
Quoting OnlineAddict
{quote} Please, be serious! EU was bankrupt before covid...covid made things worse...and an exchange rate above 1.20 is killing the little part of the economy that is left...if you think ECB would let euro go towards 1.30, let alone 1.40, you shouldn't be trading.
That may be true there is a really big issue in which banks in the US are offering 0% fx exchange due to transaction costs if you convert your currency over seas to EUR your saving about 100 dollars in conversions vs US being over charged in just about every country now.. US travelers and companies are converting to EUR instead of USD ever since covid Chase and JP even SACH are offering 0% fx transaction rates to counter the issue I think its to slow or to late.. in the real world not chart wise.. but we will see if people like getting ripped off for every transaction..
  • #130,785
  • Apr 23, 2021 1:17pm Apr 23, 2021 1:17pm
Quoting OnlineAddict
{quote} Many US states are already open, with life back to normal...while Europeans are locked down like cattle. US will be fully recovered before EU bureaucrats wake up.
Seriously, why don‘t you write 1.30 call options with 1-2 years maturity worth as much as your broker allows you? Free lunch?!
Another day, another dollar.
  • #130,786
  • Apr 23, 2021 1:20pm Apr 23, 2021 1:20pm
Quoting nikosk0
eu 15m is ridiculous, like a renko chart {image}
Finally keep in mind everything is possible.
  • #130,787
  • Apr 23, 2021 1:21pm Apr 23, 2021 1:21pm
Quoting nic9man
{quote} yes but in case you missed it: while the ecb was concerned about the role of a strong euro for inflation for some time in dec/jan, they later corrected their stance and issued a piece stating that their models might well overestimate the role of the euro. (behind the scenes the fed probably warned them not to get into direct curremcy manipulation). ppp is just a long term anchor but G10 currencies usually revert every 5 years on average. sure sooner or later the fed will go ahead and increase rates, but this is rather a trade for next year...
We'll see how US tax policy changes affect the fiscal issues and how infrastructure spend drives growth. It should not be lost on the Fed or the Biden administration that ZIRP to Infinity puts the US in deep dangerous waters whenever the next global crisis hits. US wealth/income inequality are acknowledged as a serious problem across the political spectrum. I think there's support even among ultra high net worth Americans to reinvest in infra/education/socioeconomic mobility. The elites should realize by now that taking political divisiveness to obscene extremes will cost them in the end, and their private compounds & security can't defend against a full societal breakdown.

Any thoughts on strategic Chinese dumping of US debt and USD effects?
  • #130,788
  • Apr 23, 2021 1:28pm Apr 23, 2021 1:28pm
Quoting OnlineAddict
{quote} Please, be serious! EU was bankrupt before covid...covid made things worse...and an exchange rate above 1.20 is killing the little part of the economy that is left...if you think ECB would let euro go towards 1.30, let alone 1.40, you shouldn't be trading.
I just checked option prices, if I saw correctly you can get 1 million usd premium by selling 2000 lots of 1.30 calls with 1 year maturity. what do you reckon?
Let me guess, you would like to do it but your broker does not allow it
Another day, another dollar.
  • #130,789
  • Apr 23, 2021 1:30pm Apr 23, 2021 1:30pm
Quoting nic9man
{quote} Seriously, why don‘t you write 1.30 call options with 1-2 years maturity worth as much as your broker allows you? Free lunch?!
I am trading what I am saying, no worries. I am not going to make any deals 1-2 years into the future, since I can make 10x the amount or more by taking it step by step until then. The question is, are you going to open an EU long and wait until 1.30-40? The negative swap alone would kill your account until that happens, if ever.
Everyone can see the chart, but only a few can actually read it.
  • #130,790
  • Apr 23, 2021 1:32pm Apr 23, 2021 1:32pm
Quoting bartholemew
{quote} We'll see how US tax policy changes affect the fiscal issues and how infrastructure spend drives growth. It should not be lost on the Fed or the Biden administration that ZIRP to Infinity puts the US in deep dangerous waters whenever the next global crisis hits. US wealth/income inequality are acknowledged as a serious problem across the political spectrum. I think there's support even among ultra high net worth Americans to reinvest in infra/education/socioeconomic mobility. The elites should realize by now that taking political divisiveness...
yeah, I mean don‘t get me wrong, the US will grow much more than euroland nearly for certain in the coming years, but this does not necessarily mean a stronger USD. There will be a time when the USD comes back like a tiger but I believe not yet. Though, as I said, I can imagine temporary USD bullishness after this month is over. Myself I would only speculate on a rising euro until 1.28 is reached and reevaluate then.
Another day, another dollar.
  • #130,791
  • Apr 23, 2021 1:38pm Apr 23, 2021 1:38pm
they are torturing shorts, how long can we stay alive before it gos down !?
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  • #130,792
  • Apr 23, 2021 1:41pm Apr 23, 2021 1:41pm
Quoting OnlineAddict
{quote} Please, be serious! EU was bankrupt before covid...covid made things worse...and an exchange rate above 1.20 is killing the little part of the economy that is left...if you think ECB would let euro go towards 1.30, let alone 1.40, you shouldn't be trading.
I agree with you.
EU was bankrupt after 2008-2009. Its time to wake up.1.40 its posssible to me. But EU overbought check the volume and compare it with minimum 3 broker or 2 broker. Buyer need a rest lets see FED Rate. Its economic cycle. And its capitalism system so dont worry. Lets enjoy and stay safe...
  • #130,793
  • Apr 23, 2021 1:50pm Apr 23, 2021 1:50pm
Quoting decklinz
{quote} same exit for me. But I think I'm going to close the week with a sell order @ exit point. Still positive on strong bears next week.
Last order
Exit @ 2093 SL 30 pips


positively bearish
  • #130,794
  • Apr 23, 2021 2:17pm Apr 23, 2021 2:17pm
Quoting corongumet
{quote} I agree with you. EU was bankrupt after 2008-2009. Its time to wake up.1.40 its posssible to me. But EU overbought check the volume and compare it with minimum 3 broker or 2 broker. Buyer need a rest lets see FED Rate. Its economic cycle. And its capitalism system so dont worry. Lets enjoy and stay safe...
Please ask Ata what he thinks of „overbought“
Another day, another dollar.
  • #130,795
  • Apr 23, 2021 2:37pm Apr 23, 2021 2:37pm
Quoting nic9man
{quote} Please ask Ata what he thinks of „overbought“
I give advice to you, don't be confident, the central bank also finds it difficult to control about prices, how did the ECB control prices from 2008-2009 and it turned out that prices were always weak. you must know it. "we are retail",your analysis to minimize the risk, profit is a bonus. once again " MARKET IS DYNAMIC"
  • #130,796
  • Apr 23, 2021 5:39pm Apr 23, 2021 5:39pm
next week i'm short around 1.2130-40 (sl 1.2170) , target 100 pips . it is third week of gains and i see some other usd pairs don't want to participate in this decline of dollar like yen, swissy, aussie. so a healthy correction could happen on EU ..
  • #130,797
  • Apr 24, 2021 12:13am Apr 24, 2021 12:13am
Hi guys
Good day and happy weekend.

Just felt like sharing my own idea with the house.
Charts looks like there would be a rejection around the 21s region. Then all the way back to where we started from.

New week I'm going short from 1.2130 SL 30 all the way down.

200 - 250 pips target.

Strongly bearish




Be always positive
  • #130,798
  • Apr 24, 2021 2:03am Apr 24, 2021 2:03am
Quoting energies
they are torturing shorts, how long can we stay alive before it gos down !?{image}
I had to close three positions because it's clearly uptrend, at least maybe for another 100 pips before it starts going down, it may go down next week, it seems the uptrend is kind of getting exhausted, you can check the H1 and H4 RSI, it's already downtrend
  • #130,799
  • Apr 24, 2021 2:30am Apr 24, 2021 2:30am
Desperate Times Call For Desperate Measures

The retail order statistics were already hinting that this extended rise was coming so we must be prepared: I will be extra patient with my sell order because I know this happens all the time where people lose hope and then trend reverses!

To know where the limits might hide I cloned a potential resistance box that I projected to next week based on previous area.. I personally have some ideas but I have to study a little more before I talk about them.. All I can do for now is giving you a quick look at current picture.

Look at the potential high and make your personal calculations to see if you can survive this or not! Some of you will probably manage their draw-down via hedging.. Some might add a 2nd or 3rd scalper-sell just to make it more dramatic.. Some might just decide to close and go long.. And some will probably just end up in a newbie margin call.. Same old same old.. We all have dealt with these kind of problems and as always the results will vary based on how experienced each individual is..

One thing for sure: There is always a way! Never lose hope! Keep improving!

*On a side note: Bears will wish that this rise ends up as a bearish shark pattern which could drag price down drastically!

Wishing you all a happy weekend! Cheers
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Focus only on what truly matters!
  • #130,800
  • Apr 24, 2021 2:44am Apr 24, 2021 2:44am
Quoting energies
they are torturing shorts, how long can we stay alive before it gos down !?{image}
What if it's not torture for some?
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Focus only on what truly matters!
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