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Quoting ErickJackson
Anyone lets walk together in this wanna place my first trade my good people
powell in 30 minutes, dont enter the market now ))
Quoting MrsStarr86
I have my fibs drawn on 4h chart, market is currently at 61.8 right now. Waiting for a solid rejection. I also have a previous support/now resistance zone around 1.15718 that hasn't solidly broken on the 4H chart. I'm bearish on EU but the PA is so choppy Just going to be patient right now and wait for a solid confirmation to sell.
I feel you. It used to be simple; USD was weak and EUR was doing fine so when it was risk on EUR/USD went up. NOW?

The EUR is beginning to smell as well that what's makes trading this more difficult than it should.
...because you never know - until you do!
Quoting majorpairs
{quote} powell in 30 minutes, dont enter the market now ))
While I agree with you it really shouldn't matter.

Let's face it folks we KNOW what he's going to say - the same old lines....transitory inflation...data dependent....firmly support the USD....yadda yadda yadda...

Right now it's risk on and USD "should be falling" but ...
...because you never know - until you do!
Quoting Austyno
{quote} yes, i still think we will get there
And we are finally there, sell limit at 1.15894 activated
Risk comes from not knowing what to do
For me all the same.. Waiting with 2 long orders currently under drawdown.. I do nothing.. I touch nothing..
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 6.5%
Quoting Austyno
{quote} And we are finally there, sell limit at 1.15894 activated
Good luck
Quoting Ata-Turkoglu
For me all the same.. Waiting with 2 long orders currently under drawdown.. I do nothing.. I touch nothing..
what price levels ?
im not selling until 1.17 at least
My system told me to sell so I had to. Short from 1.15892 but I am giving this a generous stoploss of 50 pips.
Quoting fafnir
My system told me to sell so I had to. Short from 1.15892 but I am giving this a generous stoploss of 50 pips.
Can I ask a question? Why a stop loss of 50 pips? I'm curious as to why people choose their stops

- how much can I "lose"

- S&R levels

- fib levels

- round numbers

- because I want it there....
...because you never know - until you do!
Quoting majorpairs
{quote} what price levels ?
1.1625 and 1.1664..
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 6.5%
Quoting fxsport
{quote} Can I ask a question? Why a stop loss of 50 pips? I'm curious as to why people choose their stops - how much can I "lose" - S&R levels - fib levels - round numbers - because I want it there....
For me it's based on the ATR and the amount of money I am willing to risk which will determine my lotsize. I don't risk more than 5% of my acc for a trade and I don't also loose more than 5% of my acc at once
Risk comes from not knowing what to do
Quoting fxsport
{quote} Can I ask a question? Why a stop loss of 50 pips? I'm curious as to why people choose their stops - how much can I "lose" - S&R levels - fib levels - round numbers - because I want it there....
I base my stops on my account size. I dont want to loose more than 1-2% of account per trade. The 50 pips represent 1% of my account when calculating Lot size.
Just closed the trade, weak PA is the reason with +2.4 pips. Also getting close to London close and I do not trade after London closes.
Quoting shay14
im not selling until 1.17 at least
Agree!
1,1620 is a must.
1,1690 will be interesting.
Quoting Ata-Turkoglu
{quote} 1.1625 and 1.1664..
ECOFIN meeting will drive EU to this level but risk imposed as EU- UK post -Brexit talk. but wait to enter long at 1.157x-6x only as supply bottleneck made EU trade balance and CA worsen as expected!
Good day guys, seems that bulls mean business for the week, just keep buying the dip till Friday and possibly next week.

Happy trading
We have a BAT here.
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Just an UPDATE.
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Quoting bigiivan
{image}
We continue
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