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EURUSD

  • #1,211,961
  • Mar 7, 2022 11:01pm Mar 7, 2022 11:01pm
buy order taken for the next swing
Attached Image (click to enlarge)
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  • #1,211,962
  • Mar 7, 2022 11:04pm Mar 7, 2022 11:04pm
Does it make sense to buy this mess? I don't think so! Unless circumstances change, I will be on the sidelines waiting for an opportunity to short EURAUD.
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Click to Enlarge Name: EURAUD.png Size: 40 KB
Learn from your mistakes and march on.
  • #1,211,963
  • Mar 7, 2022 11:42pm Mar 7, 2022 11:42pm
Quoting here2there
Does it make sense to buy this mess? I don't think so! Unless circumstances change, I will be on the sidelines waiting for an opportunity to short EURAUD. {image}
i have not only taken a buy order, but i have gone in with double margin
  • #1,211,964
  • Mar 8, 2022 12:04am Mar 8, 2022 12:04am
Quoting PatienceFx
{quote} i have not only taken a buy order, but i have gone in with double margin
I want to see a higher low before trading against this bearish trend.
Learn from your mistakes and march on.
  • #1,211,965
  • Mar 8, 2022 12:10am Mar 8, 2022 12:10am
Quoting here2there
Does it make sense to buy this mess? I don't think so! Unless circumstances change, I will be on the sidelines waiting for an opportunity to short EURAUD. {image}
I'm currently long. Heck, even a 'dead cat bounce' could result in another 500 pips upward. And even then, it would STILL be oversold. I think it does require a slightly more cautious style of trading, though. Just try to get in at a good spot, move your stops, and see how far it will take you. E/A tends to have these large moves, followed by large retracements. And with little warning before the turnaround. Fairly 'V-shaped' recoveries or bounces. That's why I'm in right now.
  • #1,211,966
  • Mar 8, 2022 12:12am Mar 8, 2022 12:12am
Quoting here2there
{quote} I want to see a higher low before trading against this bearish trend.
That was why I was cautious against the guy shouting 1.1 yesterday.

I suspect there should be quite a fair bit of people who got caught into buy-stop orders in EU, GU, AU and NU before market took these pairs down again. Wasn't particularly looking at EURUSD but GBPUSD was being bought at 1.316x last night and the price now is under. I took a look at EURUSD and the charts look the same.

These pairs can do a 100 pip rally sure, but let's recall how many pips EURUSD lost last week.
  • #1,211,967
  • Mar 8, 2022 12:16am Mar 8, 2022 12:16am
It's rare to see the Dollar Index rising at the same time as Gold priced in Dollars is also rising. Most other currencies are thus falling against the Dollar and so becoming more expensive to buy Gold with.
But why at the same time are Cryptos falling?
Something seems amiss.
Any ideas?
Are we about to see a return to a Gold Standard of perhaps the Dollar? Seems far fetched?
Were the trillions of freshly printed Dollars used to buy Gold?
  • #1,211,968
  • Mar 8, 2022 12:16am Mar 8, 2022 12:16am
Quoting here2there
Does it make sense to buy this mess? I don't think so! Unless circumstances change, I will be on the sidelines waiting for an opportunity to short EURAUD. {image}
I made the mistake of buying EURAUD a month ago. It was fun and games until 11 February, i was in 250 pip profit but invasion talks started, i closed it in -250 pips after that.

Problem is AUD is a commodity backed currency, when commodities rise AUD rises too.
You have to have an IQ higher than 90 to interact with this user.
  • #1,211,969
  • Mar 8, 2022 2:58am Mar 8, 2022 2:58am
This website has the same technical problem everytime EU experience spikes in price after a significant new is announced, coincidence with the price is 100% here. Bugs!

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Looking for profitable short term trades ...|
  • #1,211,970
  • Mar 8, 2022 5:46am Mar 8, 2022 5:46am
Traders are getting the profits of the table and EU might fall towards 1.0800.

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Looking for profitable short term trades ...|
  • #1,211,971
  • Mar 8, 2022 5:56am Mar 8, 2022 5:56am
Quoting here2there
{quote} i want to see a higher low before trading against this bearish trend.
a good trader can fish swings while others wait for candle patterns
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 25 KB
  • #1,211,972
  • Mar 8, 2022 6:05am Mar 8, 2022 6:05am
first target 1.0970
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Click to Enlarge Name: EURUSDH4.png Size: 41 KB
  • #1,211,973
  • Mar 8, 2022 6:23am Mar 8, 2022 6:23am
German Industrial Production m/m

was the first clue to this move
  • #1,211,974
  • Mar 8, 2022 6:43am Mar 8, 2022 6:43am
Quoting PatienceFx
German Industrial Production m/m was the first clue to this move
Man, hi.

This German Ind. Prod m/m [ BEFORE THE SANCTIONS...] is really a joke , that doesn't produce laughter. . . .

  • #1,211,975
  • Mar 8, 2022 7:09am Mar 8, 2022 7:09am
Quoting f.g
{quote} man, hi. This german ind. Prod m/m [ before the sanctions...] is really a joke , that doesn't produce laughter. . . .
sanctions go to the extent of which toilet seat the russians can use

the english seat or the russian seat
  • #1,211,976
  • Mar 8, 2022 8:14am Mar 8, 2022 8:14am
1020 should be a good exit before rate hike news
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  • #1,211,977
  • Edited 9:14am Mar 8, 2022 8:59am | Edited 9:14am
Quoting PatienceFx
{quote} a good trader can fish swings while others wait for candle patterns {image}
So you are going to insult me and others for being cautious? Tone it down.

You have your way of trading and I have my way of trading. There is no need to disrespect other traders who aren't on the same page as you. I have learned some hard lessons as a result of being impatient. I am done with that!
Learn from your mistakes and march on.
  • #1,211,978
  • Mar 8, 2022 9:03am Mar 8, 2022 9:03am
A prominent 3 bar candle pattern may also move me to do a counter trend trade.
Learn from your mistakes and march on.
  • #1,211,979
  • Mar 8, 2022 9:11am Mar 8, 2022 9:11am
Potential Re-distribution setting up on the 1H. Easier to see with the wicks removed. I'd like to see it go up to 1.0940 to make the UTAD, (I have a pending short there). Unless UTAD has already been made this morning. Let's see how it develops.
Attached Image (click to enlarge)
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  • #1,211,980
  • Mar 8, 2022 9:37am Mar 8, 2022 9:37am
Despite the fact that EURAUD is in a strong downtrend, there are other things to consider for a possible counter trend trade.
EURAUD has bounced from Weekly Demand.
Attached Image (click to enlarge)
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A closer look.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD2.png Size: 42 KB
3 Bar Candle pattern forming on the Daily.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD3.png Size: 36 KB
How the Daily candle closes will determine if I take a counter trend trade on this pair or not. For now, I am waiting.
Learn from your mistakes and march on.
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