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EURUSD

  • #1,195,241
  • Jun 3, 2021 8:40am Jun 3, 2021 8:40am
Attached Image (click to enlarge)
Click to Enlarge Name: dollar_bears_joke.jpg Size: 69 KB
Everyone can see the chart, but only a few can actually read it.
  • #1,195,242
  • Jun 3, 2021 8:49am Jun 3, 2021 8:49am
Quoting here2there
{quote} Not just bull traps, but also bear traps. They are getting everyone. The randomness is one of the reasons why I dislike the Forex market. But being a US citizen makes it hard to be a trader. My choices are limited, because of unfair regulations. Brokers and exchanges take full advantage of this.
whats problem if you are us.citizen?im europe citizen i have off shore ...you cant??
  • #1,195,243
  • Jun 3, 2021 8:54am Jun 3, 2021 8:54am
Quoting pridolfx
{quote} whats problem if you are us.citizen?im europe citizen i have off shore ...you cant??
FIFO, no hedging, limited brokers, restrictions on what I am allowed to trade, etc.

Using non-US brokers comes with a number of problems, and most of the good ones won't do business with US citizens (because of regulations).
Learn from your mistakes and march on.
  • #1,195,244
  • Jun 3, 2021 8:55am Jun 3, 2021 8:55am
Quoting here2there
{quote} FIFO, no hedging, limited brokers, restrictions on what I am allowed to trade, etc. Using non-US brokers comes with a number of problems, and most of the good ones won't do business with US citizens (because of regulations).
Try canadian brokers like forex.com or friedberg direct.
  • #1,195,245
  • Jun 3, 2021 8:58am Jun 3, 2021 8:58am
Bulls took a hit this morning on EURUSD. Now the bears are next on the chopping block.
Learn from your mistakes and march on.
  • #1,195,246
  • Jun 3, 2021 9:03am Jun 3, 2021 9:03am
Quoting Techanalyst
{quote} Try canadian brokers like forex.com or friedberg direct.
I have not had a good experience with forex.com, and they enforce the same restrictions I mentioned for US citizens. I don't know much about friedberg. One problem with using non-US brokers is funding the account. As a US citizen, I have to jump through a lot of hoops to deposit and to withdraw. That's one of the reasons why I don't bother with it. And then there is the concern that you could lose access to your funds or some other shady stuff.
Learn from your mistakes and march on.
  • #1,195,247
  • Jun 3, 2021 9:10am Jun 3, 2021 9:10am
Quoting here2there
Bulls took a hit this morning on EURUSD. Now the bears are next on the chopping block.
Good thing we're not beholden to a particular direction. We can make money in both directions. That's the beauty of trading.
  • #1,195,248
  • Jun 3, 2021 9:17am Jun 3, 2021 9:17am
Quoting OhComeOn
...Just a thought for those who know how I trade. You do realize there is bearish divergence on both the 4H and the daily chart, right?...
Thanks for the reminder. Divergence is a reliable a warning sign.
Learn from your mistakes and march on.
  • #1,195,249
  • Jun 3, 2021 9:20am Jun 3, 2021 9:20am
Quoting OnlineAddict
{image}
NFP came out high, that's why EU went down. That's temporary though, it's gonna go up, added some buys
You have to have an IQ higher than 90 to interact with this user.
  • #1,195,250
  • Jun 3, 2021 9:21am Jun 3, 2021 9:21am
Quoting here2there
{quote} I have not had a good experience with forex.com, and they enforce the same restrictions I mentioned for US citizens. I don't know much about friedberg. One problem with using non-US brokers is funding the account. As a US citizen, I have to jump through a lot of hoops to deposit and to withdraw. That's one of the reasons why I don't bother with it. And then there is the concern that you could lose access to your funds or some other shady stuff.
Canadian brokers I mentioned are all CIPF(Canadian Investor Protection Fund), IIROC(Investment Industry Regulatory Organization of Canada), meaning that if anything funny happens, if the broker firm closes the business or bankrupts or anything like that, they will pay your balance out in full. As for forex.com I never had any issues with them, and they have 4/5 star good reviews. Not sure how it works in USA.
  • #1,195,251
  • Jun 3, 2021 9:23am Jun 3, 2021 9:23am
Quoting Nordling00
{quote} NFP came out high, that's why EU went down. That's temporary though, it's gonna go up, added some buys
No, the move was created well before NFP. Go ahead and go long, I will add more shorts above 2170, if we get there...
Everyone can see the chart, but only a few can actually read it.
  • #1,195,252
  • Jun 3, 2021 9:24am Jun 3, 2021 9:24am
Quoting Nordling00
{quote} NFP came out high, that's why EU went down. That's temporary though, it's gonna go up, added some buys
I agree, just have to find the turning point. As for right now i'm shorting this, SL already down past entry. Happy trading!!
  • #1,195,253
  • Jun 3, 2021 9:25am Jun 3, 2021 9:25am
Quoting OnlineAddict
{quote} No, the move was created well before NFP. Go ahead and go long, I will add more shorts above 2170, if we get there...
Let's come back next Thursday and see what happens mate? If i lose it, i will owe you an apology, alright?
You have to have an IQ higher than 90 to interact with this user.
  • #1,195,254
  • Jun 3, 2021 9:26am Jun 3, 2021 9:26am
Attached Image (click to enlarge)
Click to Enlarge Name: d43d689fef9348b0742488a146b73ff7.png Size: 216 KB

Took PP [33%] at 1. 21 32 SL lowered to 76 Safe trade now ...

  • #1,195,255
  • Jun 3, 2021 9:26am Jun 3, 2021 9:26am
Quoting Nordling00
{quote} Let's come back next Thursday and see what happens mate? If i lose it, i will owe you an apology, alright?
Dude, I don't care...I worry about my money, not the money of others. I wish you well, we can both make money, all about timeframes, I am not scalping...
Everyone can see the chart, but only a few can actually read it.
  • #1,195,256
  • Jun 3, 2021 9:29am Jun 3, 2021 9:29am
Quoting Nordling00
{quote} Let's come back next Thursday and see what happens mate? If i lose it, i will owe you an apology, alright?
Demand zones on the way down on a daily, will be adding more longs there. This move down was due to the news. Strong possibility that it will get there especially tomorrow because it is Friday and banks and institutions will be taking the profits. Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDdaily.png Size: 76 KB
  • #1,195,257
  • Jun 3, 2021 9:31am Jun 3, 2021 9:31am
Quoting OnlineAddict
{quote} No, the move was created well before NFP. Go ahead and go long, I will add more shorts above 2170, if we get there...
This may not be a move at all, aside from backfilling the huge inefficiency created on the H4 last Friday, indicating that the institutions have no intention of revisiting this area again in the near future, so might as well take care of it now. Plus it bounced nicely off the 200 EMA on the same timeframe. I added a long position.

If the 200 EMA doesn’t hold then I might turn bearish.
  • #1,195,258
  • Jun 3, 2021 9:36am Jun 3, 2021 9:36am
Quoting Techanalyst
{quote} Around that area where daily supply zone is red rectangle. {image}
you're still holding your longs bro?
  • #1,195,259
  • Jun 3, 2021 9:40am Jun 3, 2021 9:40am
I know this is a EURUSD thread but just out of curiosity, what other pairs trade well? As I've stated before I'm new to trading and I would like to have a couple of other pairs in my basket. Open to all suggestions.
  • #1,195,260
  • Jun 3, 2021 9:46am Jun 3, 2021 9:46am
Quoting hans91
{quote} you're still holding your longs bro?
Of course I am. Will add more.
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