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  • #1,195,301
  • Edited 5:50pm Jun 3, 2021 5:31pm | Edited 5:50pm
The amount of buying to the moon occurred above 1.2250 last month. I even tried it and got stopped at BE! ... but that told me something.
Regardless of what the fundamentals are, do you honestly think the market is going to want to see buyers up there go into profit?
It even took more buyers up there two days ago and rejected off price.
It could have only gone down.
Sometimes fundamentals are misleading.

Anyway, markets going to be dead for a while while everyone goes to lick wounds/buy new sports cars.
  • #1,195,302
  • Jun 3, 2021 6:20pm Jun 3, 2021 6:20pm
Quoting sixconrads
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.
Here's my full list for Forex. I picked these because i am a fundamental trader who trades ex-commodity, floating currencies. I don't trade commodity currencies such as AUD, CAD, NZD. I don't trade pegged currencies like SGD too. I wish you a great trading journey!

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  • #1,195,303
  • Jun 3, 2021 11:28pm Jun 3, 2021 11:28pm
there is nothing here to trade today

maybe this is the region where institutions are busy buying

i had a good run with the scalper ea last week, this weeek i did not trade much
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  • #1,195,304
  • Jun 3, 2021 11:36pm Jun 3, 2021 11:36pm
last week institutions sold fast leading to that spike

this week mon tue they lifted the price and then sold heavily again

this week's cot report will be as the leak says
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  • #1,195,305
  • Jun 3, 2021 11:40pm Jun 3, 2021 11:40pm
going to fundamentals usd is weak because of excess usd printed top cater for stimulus packages in covid era, closed/weak business generating weak taxes for further govt spending

last week's nfp[ data was a shocker, fed cannot raise rates because liquidity is needed until covid finishes

so overall i will start buying process again near 2050 [ area of significant support where retail places stops ]
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  • #1,195,306
  • Jun 4, 2021 12:05am Jun 4, 2021 12:05am
Good morning. EURUSD is bearish in a big range on the Daily timeframe. NFP is today, the volatility is big, so be carefull with the longs.

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Looking for profitable short term trades ...|
  • #1,195,307
  • Jun 4, 2021 12:39am Jun 4, 2021 12:39am
Quoting Js3mwtRc
Good morning. EURUSD is bearish in a big range on the Daily timeframe. NFP is today, the volatility is big, so be carefull with the longs. {image}
now that we know where institutions buy, things will be easier for us

knowing macro fundamentals and placing tiny trades goes a big way into account building

see what 0.01 lot size did to my 5k demo account
  • #1,195,308
  • Jun 4, 2021 12:45am Jun 4, 2021 12:45am
i am going to start buying eu sometime soon because a very strong bear trap on h4 is noted
  • #1,195,309
  • Jun 4, 2021 12:51am Jun 4, 2021 12:51am
Quoting PatienceFx
{quote} now that we know where institutions buy, things will be easier for us knowing macro fundamentals and placing tiny trades goes a big way into account building see what 0.01 lot size did to my 5k demo account
How do we know? I guess they always buy/sell currencies, but only a premium service could help us know and what we see online for free. The other whey is to learn what they do, why, how and when and do the same, but this is going blind.
Looking for profitable short term trades ...|
  • #1,195,310
  • Jun 4, 2021 12:55am Jun 4, 2021 12:55am
Quoting Js3mwtRc
{quote} How do we know? I guess they always buy/sell currencies, but only a premium service could help us know and what we see online for free. The other whey is to learn what they do, why, how and when and do the same, but this is going blind.
where would you place stops and wehy are they always taken iout before proceeding in your direction
  • #1,195,311
  • Jun 4, 2021 12:58am Jun 4, 2021 12:58am
Quoting PatienceFx
{quote} where would you place stops and wehy are they always taken iout before proceeding in your direction
Where I always, on highs and lows.

EURUSD Short 38 % 18130.85 lots 44257 Long 62 % 29417.33 lots 65265
Looking for profitable short term trades ...|
  • #1,195,312
  • Jun 4, 2021 1:03am Jun 4, 2021 1:03am
Quoting PatienceFx
i am going to start buying eu sometime soon because a very strong bear trap on h4 is noted
buy orders placed , i am in long trades now
  • #1,195,313
  • Jun 4, 2021 1:32am Jun 4, 2021 1:32am
Quoting PatienceFx
{quote} buy orders placed , i am in long trades now
added more longs
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  • #1,195,314
  • Jun 4, 2021 1:44am Jun 4, 2021 1:44am
Quoting PatienceFx
{quote} buy orders placed , i am in long trades now
How was your 2STD buy lot ?


today NFP ,
everyone expecting better number , and EU been diarrhea non stop.

broke 1.2075 ?
or shoot up 1.2200 ?
or nothing happen => life goes on . 1.21xx
  • #1,195,315
  • Jun 4, 2021 1:49am Jun 4, 2021 1:49am
Quoting PatienceFx
{quote} added more longs {image}
instant profits
  • #1,195,316
  • Jun 4, 2021 1:50am Jun 4, 2021 1:50am
Quoting paogeh
{quote} How was your 2STD buy lot ? today NFP , everyone expecting better number , and EU been diarrhea non stop. broke 1.2075 ? or shoot up 1.2200 ? or nothing happen => life goes on . 1.21xx
my TE explains best no words needed
  • #1,195,317
  • Jun 4, 2021 1:56am Jun 4, 2021 1:56am
Quoting PatienceFx
{quote} my TE explains best no words needed
You mean this ?

are u serious ?
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  • #1,195,318
  • Jun 4, 2021 1:58am Jun 4, 2021 1:58am
Quoting PatienceFx
{quote} instant profits
price can go back to 2132
  • #1,195,319
  • Jun 4, 2021 2:04am Jun 4, 2021 2:04am
Quoting paogeh
{quote} You mean this ? are u serious ? {image}
since 2006 i have always traded demo because i work on a copy trading website and get paid real money for my profitable trades

trading demo is not importan5t, quality of trades taken is important

if people are making real money copying my trades, what else do i need to be happy
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  • #1,195,320
  • Jun 4, 2021 2:16am Jun 4, 2021 2:16am
The US economy likely added 650K jobs in May of 2021, well above 266K in April, as the economic recovery gathers steam amid a successful vaccination campaign and government support. That would leave employment about 7.6 million jobs below its peak in February 2020. Still, supply constraints, rising inflation and labor shortages are weighing on capacity production as many workers mostly women, remain at home and government subsidies may discourage some workers to find a job. As such, businesses have been struggling to rehire workers to cope with surging demand, prompting them to raise wages in a bid to attract new employees. Average hourly earnings are forecast to rise 0.2% after surging 0.7% in April, pushing the annual rate to 1.6% from 0.3%. The May report will provide a more clear picture about the labour market status, show if existent shortages are likely to be temporary and could set the tone for the Fed's early tapering talks. source: U.S. Bureau of Labor Statistics
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