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  • #1,217,701
  • Aug 9, 2022 7:22am Aug 9, 2022 7:22am
Looking for the USD to pull back and hence the Euro to rise. No fundamental reason as far as I am aware, so Elliot Waves.
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  • #1,217,702
  • Aug 9, 2022 7:25am Aug 9, 2022 7:25am
Quoting irontrade58
I am a new one. This is the backtest result of my trading system for the EURUSD pair, in period from 1 June 2022 to today. I risk 0.6% of capital for each trade and set RR =1:3. A trade exit as soon as SL/TP hit or a reverse trade appears. How do you think about this? Currently, a short trade opened with the entry point 1.0192. {image}

Take it to Goldman Sachs. They will lend you a billion dollars and you will end up owning all the money in the world, if you can repeat this consistently.
  • #1,217,703
  • Edited 8:18am Aug 9, 2022 7:44am | Edited 8:18am
Quoting Thosy
{quote} Would you please share your strategy too, it looks good. Thanks in advance
My trading system based on trend following strategy with entry and exit point determined by a quant model that I made on my own. I am a new one and I am still developing this trading system.

For today, the short trade earlier finished with 11 pips loss and a long trade opened at 1.0203 currently up 31 pips.
  • #1,217,704
  • Aug 9, 2022 7:53am Aug 9, 2022 7:53am
Quoting JauntyLoon
{quote} Take it to Goldman Sachs. They will lend you a billion dollars and you will end up owning all the money in the world, if you can repeat this consistently.
This is a good idea. Thank you.

I am a new one in this industry and will try to see if I can repeat it consistently. For today, I am now up 25 pips with this system. I think I will close the trade manually.
  • #1,217,705
  • Aug 9, 2022 10:07am Aug 9, 2022 10:07am
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SL is there. let them do what they want.....

  • #1,217,706
  • Aug 9, 2022 10:38am Aug 9, 2022 10:38am
Dumbarse Krauts pay the price for declaring war on their number one energy provider

https://www.reuters.com/markets/euro...dy-2022-08-09/

Meanwhile EUR/USD continues range bound, taking out both longs and shorts
  • #1,217,707
  • Aug 9, 2022 10:40am Aug 9, 2022 10:40am
10220 is the smelly turd that won't flush, no doubt the amazing CPI and PPI news this week will generate gyrations that retail punters can lose money to
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  • #1,217,708
  • Aug 9, 2022 6:29pm Aug 9, 2022 6:29pm
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My SL was hit at 1.02 12....I have no position fttb ...

Have a good night , crew.

  • #1,217,709
  • Aug 9, 2022 8:07pm Aug 9, 2022 8:07pm
Quoting JauntyLoon
10220 is the smelly turd that won't flush, no doubt the amazing CPI and PPI news this week will generate gyrations that retail punters can lose money to {image}

Here is why I think any jump on the Euro could be short-lived: For reversals, we need high volatility and in the case of the EURUSD there is none. Low volatility to me means a continuation of the trend at this moment.
  • #1,217,710
  • Aug 10, 2022 3:39am Aug 10, 2022 3:39am
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Added fresh new long just now....SL at .02 01 and .01 97 Looking for 1.03~ withing the next 30 hours

  • #1,217,711
  • Aug 10, 2022 3:54am Aug 10, 2022 3:54am
Hi folks! What is your view for todays US CPI and EURUSD, bullish, or bearish?
Looking for profitable short term trades ...|
  • #1,217,712
  • Aug 10, 2022 3:56am Aug 10, 2022 3:56am
Quoting F.g
{image} Added fresh new long just now....SL at .02 01 and .01 97 Looking for 1.03~ withing the next 30 hours
Looking for profitable short term trades ...|
  • #1,217,713
  • Aug 10, 2022 4:05am Aug 10, 2022 4:05am
Quoting F.g
{image} Added fresh new long just now....SL at .02 01 and .01 97 Looking for 1.03~ withing the next 30 hours
Dont know about 1.03 but before down wave resumes i expect the 1.028 to be tested at least. Eitherway thanks for sharing
  • #1,217,714
  • Aug 10, 2022 5:17am Aug 10, 2022 5:17am
Quoting investing101
{quote} Here is why I think any jump on the Euro could be short-lived: For reversals, we need high volatility and in the case of the EURUSD there is none. Low volatility to me means a continuation of the trend at this moment.

Daily chart tells me the trend has been sideways for over a month.

IG clients net long has been fluctuating wildly between 55 - 65%.

A lot of people flailing in the wind and losing money on short time frames
  • #1,217,715
  • Aug 10, 2022 5:21am Aug 10, 2022 5:21am
Quoting F.g
{image} Added fresh new long just now....SL at .02 01 and .01 97 Looking for 1.03~ withing the next 30 hours

But price is below all the lines
  • #1,217,716
  • Aug 10, 2022 6:34am Aug 10, 2022 6:34am
Once again the stinking turd - the Euro - attempts to rise from the dead
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  • #1,217,717
  • Aug 10, 2022 7:17am Aug 10, 2022 7:17am
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I took P.Prfts here now [33% ] at .2 517

  • #1,217,718
  • Aug 10, 2022 7:35am Aug 10, 2022 7:35am
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I took another 33% of P.P now at .3 16

Look what happens in $JY.......

  • #1,217,719
  • Aug 10, 2022 7:44am Aug 10, 2022 7:44am
Quoting F.g
{image} I took P.Prfts here now [33% ] at .2 517

By a daily perspective I think you got out too soon, the Euro has a huge stonk-on because U.S. inflation is less than expected.

This looks like the breakout and Euro will head higher from here.

I already saw that Elliot Wave was showing USD is due for C wave correction (thanks Tradingview!), here are the targets
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  • #1,217,720
  • Aug 10, 2022 10:49am Aug 10, 2022 10:49am
I'm going short, i'm having a bad week after so many good ones. So probably just do the opposite.
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