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  • #1,199,801
  • Sep 24, 2021 5:06am Sep 24, 2021 5:06am
Quoting JotaP
{quote} I have a demo account on Oanda, has not the Order Book feature I believe. With 12 to 16 pts spread on EURUSD turns scalping a bit difficult.
12-16 spread! I think that is too much for scalping. What account is it?
Looking for profitable short term trades ...|
  • #1,199,802
  • Sep 24, 2021 5:11am Sep 24, 2021 5:11am
Quoting majorpairs
i see a new low down to 1.700-1720 before powell and up to 1.1780 during the news event, scalping short for now
Now, that most traders believe it is going up, Smart Money has more liquidity to collect going down than going up.
Follow your guts, if you want to lose your money...
  • #1,199,803
  • Sep 24, 2021 5:11am Sep 24, 2021 5:11am
Why is the volatility dead, the range is narrow(even less than 10 pips) in EUR/USD. It has not been the case, but of late EUR/USD is a very difficult pair to trade. Is not it??
  • #1,199,804
  • Edited 5:28am Sep 24, 2021 5:17am | Edited 5:28am
Quoting Js3mwtRc
{quote} 12-16 spread! I think that is too much for scalping. What account is it?
It is my demo account but apparently it is the same in others:

Attached Image (click to enlarge)
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During roll-over spread can reach more than 7.5 pips (75 pts).
Follow your guts, if you want to lose your money...
  • #1,199,805
  • Sep 24, 2021 5:28am Sep 24, 2021 5:28am
Quoting JotaP
{quote} It is my demo account but apparently it is the same in others: {image}
1.5 is good, they claim that they have spread on EURUSD pair from 0.6 pips. It was 0.7 when I checked!

Usually when there is very low volatility and at the opening (00:00) the spreads go up.

In the news (not all the news) it is higher, but not all the times and tradable.
Looking for profitable short term trades ...|
  • #1,199,806
  • Sep 24, 2021 5:35am Sep 24, 2021 5:35am
Quoting Js3mwtRc
{quote} 1.5 is good, they claim that they have spread on EURUSD pair from 0.6 pips. It was 0.7 when I checked! Usually when there is very low volatility and at the opening (00:00) the spreads go up. In the news (not all the news) it is higher, but not all the times and tradable.
I have never seen less than 1.2 pips spread, However, they don't charge commissions or swaps.
Follow your guts, if you want to lose your money...
  • #1,199,807
  • Sep 24, 2021 6:37am Sep 24, 2021 6:37am
i'm surprised this channel hasn't broken up yet. strange.
Attached Image (click to enlarge)
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In tea leaves we trust!
  • #1,199,808
  • Sep 24, 2021 6:42am Sep 24, 2021 6:42am
Quoting Mcbeaners
i'm surprised this channel hasn't broken up yet. strange. {image}
i posted this on a dollar thread yesterday, i thnk this is where they will drive the dollar today (probably).
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-09-24_07-41-53.png Size: 29 KB
In tea leaves we trust!
  • #1,199,809
  • Sep 24, 2021 6:47am Sep 24, 2021 6:47am
Quoting Mcbeaners
{quote} i posted this on a dollar thread yesterday, i thnk this is where they will drive the dollar today (probably). {image}
in case you didn't get it....
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-09-24_07-46-17.png Size: 37 KB
In tea leaves we trust!
  • #1,199,810
  • Sep 24, 2021 7:20am Sep 24, 2021 7:20am
I expect the EU to roll over and drop from here... BUT there's red news on Friday upcoming.
If you aren't already in this sell-side, be aware of a possible attack on 1.1750-1.1760
Also be aware of medium news on the Saturday, so possible gapping on Monday.

Either way, late Friday trades carry a degree of risk.
Move sell stops and prepare to re-enter if they are hit.

Trade safe.
  • #1,199,811
  • Sep 24, 2021 7:24am Sep 24, 2021 7:24am
It dropped 1.1715 again. I am not surprised, I expected another range.
  • #1,199,812
  • Sep 24, 2021 7:55am Sep 24, 2021 7:55am
Just a typical Friday, pullback into demand zone, before continuing up next week.
  • #1,199,813
  • Sep 24, 2021 9:09am Sep 24, 2021 9:09am
Quoting majorpairs
i see a new low down to 1.700-1720 before powell and up to 1.1780 during the news event, scalping short for now
closed all shorts at the bottom ) opened 3 long positions, waiting for news to take price up
  • #1,199,814
  • Sep 24, 2021 9:16am Sep 24, 2021 9:16am
im looking for a short to recent lows
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be a thinker before being a reacter
  • #1,199,815
  • Sep 24, 2021 9:28am Sep 24, 2021 9:28am
reckon the dollar will make one more move north - we'll see.
In tea leaves we trust!
  • #1,199,816
  • Sep 24, 2021 9:44am Sep 24, 2021 9:44am
I will stay for the turtle soup.
Follow your guts, if you want to lose your money...
  • #1,199,817
  • Sep 24, 2021 9:53am Sep 24, 2021 9:53am
10:52 now . Wasn't Powell suposed to be speaking...????
  • #1,199,818
  • Sep 24, 2021 9:56am Sep 24, 2021 9:56am
Quoting F.g
10:52 now . Wasn't Powell suposed to be speaking...????
obviusly he forget
  • #1,199,819
  • Sep 24, 2021 10:17am Sep 24, 2021 10:17am
Quoting F.g
10:52 now . Wasn't Powell suposed to be speaking...????
Not too much volatility (yellow), next Wednesday Sep 29 is speaking again with higher impact (red) for the USD.

Attached Image
Looking for profitable short term trades ...|
  • #1,199,820
  • Sep 24, 2021 11:17am Sep 24, 2021 11:17am
Quoting F.g
10:52 now . Wasn't Powell suposed to be speaking...????
Volatility already made. He will just read todays newspaper from what happened in yesterdays fomc meeting.
Only an idiot knows with certainty to where the market is going.
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