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  • #1,202,201
  • Nov 4, 2021 1:38am Nov 4, 2021 1:38am
Quoting Nordling00
{quote} Right. He is against all this modern monetary system concept but yet he is still trading these currencies. {quote} Robin boy, you can't win this game against them. This is their game, with their rules. You either make your peace with it and play by the rules, or you leave. There's no other possibility.
For me, i don't care if this modern monetary system and fiat currencies are morally right or wrong. All i care about is making money. People are in this market and in this system with their own will. I am not forcing anyone. They vote for these governments, they want a national currency, they agree to work for it, they agree to save or spend it. The majority of people are okay with it. So it really is not my problem.

All i know is modern day capitalism is way more better compared to oligarchy, feudalism, theocracy, communism etc. Capitalism may not be the ideal system, but it is the best one humankind ever created. Maybe we can go eco-capitalist, and system is evolving into that already. So we all may have few complaints but i wouldn't want to go back in time and return to these old and failed systems that i have talked about.

Again, majority of people wants this. Fine, i will learn the rules and play by the rules and win in the end. You can't blame me, it was their decision. I gotta respect that and i also gotta win
You have to have an IQ higher than 90 to interact with this user.
  • #1,202,202
  • Nov 4, 2021 1:55am Nov 4, 2021 1:55am
Quoting MrBullBear
{quote} I used to think that way... then I learn to remove "should" and placed "may". Then it helps me follow pa clearer.
i meant the same, i don't trade on absolutes.
In tea leaves we trust!
  • #1,202,203
  • Nov 4, 2021 1:56am Nov 4, 2021 1:56am
wasn't expecting to see eu down here this morning.

looks like short covering right now. 15508
In tea leaves we trust!
  • #1,202,204
  • Nov 4, 2021 2:04am Nov 4, 2021 2:04am
eurgbp down , gbpusd down ...........then the potential for eurusd down is firmly open ...... DXY must have gone up too ................ ...... if the bulls are able to make a correction then now is the time ............... although it will be difficult to stop the price from falling to 1.14 .... 1.15/1.1495/1.480 is the target tonight ..... if the bulls are not able to make a correction
The Average Discount Everything
  • #1,202,205
  • Nov 4, 2021 2:12am Nov 4, 2021 2:12am
I don't think we are going to see 1600 again - today. Bearish targeting 1500/1495.

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  • #1,202,206
  • Nov 4, 2021 2:16am Nov 4, 2021 2:16am
Quoting Mcbeaners
wasn't expecting to see eu down here this morning. looks like short covering right now. 15508
yesterday i was seeing short build-up on eu and elsewhere prier to fomoc. looks like they kept their shorts open and the over night action allows them to get out in profit.

they never let a position to to waste.

reckon its done now.
In tea leaves we trust!
  • #1,202,207
  • Nov 4, 2021 2:18am Nov 4, 2021 2:18am
interesting trendline support here
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  • #1,202,208
  • Nov 4, 2021 2:18am Nov 4, 2021 2:18am
DXY is back on the march, time to short EUR/USD
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  • #1,202,209
  • Nov 4, 2021 2:25am Nov 4, 2021 2:25am
taken a long here on that last little dip under support. might be early days, we'll see.
In tea leaves we trust!
  • #1,202,210
  • Nov 4, 2021 2:38am Nov 4, 2021 2:38am
dxy is at resistance. time to long eu

just saying
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  • #1,202,211
  • Nov 4, 2021 2:41am Nov 4, 2021 2:41am
Quoting Pytta
{quote} It baffles me, you having deep thoughts about the whole conspiracy of the system, yet buy a pair like EURUSD... Goes to say we are ourselves' worst enemies
In my opinion it is the system we have always known so we are still dealing with it and the predominant. The majority here are speculators so hoarding is not the case and thus not dangerous. It was just a commentary
POSTMASTER
  • #1,202,212
  • Nov 4, 2021 2:44am Nov 4, 2021 2:44am
Quoting Mcbeaners
dxy is at resistance. time to long eu just saying {image}
Hourly timeframe forex is no-go for me, wish I had the ability to make 'quick profits'
  • #1,202,213
  • Nov 4, 2021 2:46am Nov 4, 2021 2:46am
Meanwhile
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POSTMASTER
  • #1,202,214
  • Nov 4, 2021 2:48am Nov 4, 2021 2:48am
Quoting Mcbeaners
dxy is at resistance. time to long eu just saying {image}
What if EU Index kept sliding while US Index rested on resistance? The correlation between the 2 is high, though I personally wouldn't bet on this senario. I'd prefer a senario of bull trap rather than US Index is at resistance, buy the EUR. Just doesn't make sense to me
  • #1,202,215
  • Edited 3:04am Nov 4, 2021 2:53am | Edited 3:04am
FXCM view:
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  • #1,202,216
  • Nov 4, 2021 2:53am Nov 4, 2021 2:53am
Quoting Pytta
{quote} What if EU Index kept sliding while US Index rested on resistance? The correlation between the 2 is high, though I personally wouldn't bet on this senario. I'd prefer a senario of bull trap rather than US Index is at resistance, buy the EUR. Just doesn't make sense to me
good point let's have a look at the 1m chart. does dxy rest on resistance (come down on top of it) or just slice through?
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In tea leaves we trust!
  • #1,202,217
  • Nov 4, 2021 2:55am Nov 4, 2021 2:55am
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  • #1,202,218
  • Nov 4, 2021 2:56am Nov 4, 2021 2:56am
Quoting JauntyLoon
{quote} Hourly timeframe forex is no-go for me, wish I had the ability to make 'quick profits'
i used to say the same. under 5m was absolute limit. but have been shown that you have to look at the chart on 1m to see if there is a supply/demand point.

i still prefer the 4hr chart but now use the 1m/5m/15m to see if i am right.
In tea leaves we trust!
  • #1,202,219
  • Nov 4, 2021 3:04am Nov 4, 2021 3:04am
I will be looking BoE - EURGBP for price action and USD for strength.

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  • #1,202,220
  • Nov 4, 2021 3:09am Nov 4, 2021 3:09am
Quoting Mcbeaners
taken a long here on that last little dip under support. might be early days, we'll see.
yup too early, now is the buy point.
In tea leaves we trust!
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