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EURUSD

  • #1,219,201
  • Oct 4, 2022 1:40pm Oct 4, 2022 1:40pm
I've learned the hard way NOT to look for reversals. Find pullbacks for the medium term trend if you trade almost daily.
  • #1,219,202
  • Oct 4, 2022 1:47pm Oct 4, 2022 1:47pm
Quoting investing101
I've learned the hard way NOT to look for reversals. Find pullbacks for the medium term trend if you trade almost daily.

Well, on the other thread Ata Turklogu is complaining that the banks are stealing money from people (I am not arguing on that one TBH). This is my setting - and I had it for a few days so as far as I am concerned price has no reason to go down (as he assumes). This is why I made this post here.

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  • #1,219,203
  • Oct 4, 2022 2:10pm Oct 4, 2022 2:10pm
Quoting NrSLionHeart
{quote} Well, on the other thread Ata Turklogu is complaining that the banks are stealing money from people (I am not arguing on that one TBH). This is my setting - and I had it for a few days so as far as I am concerned price has no reason to go down (as he assumes). This is why I made this post here. {image}
In my opinion there’s no fundamental reason we should be this high close to parity.
  • #1,219,204
  • Oct 4, 2022 2:33pm Oct 4, 2022 2:33pm
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I like the way you all are thinking long. Currently up about 300 pips and have been peeling off a few layers of the trade lot as price approaches parity.
SL moved to BE +165 pips, may tighten more as Parity is tested.
  • #1,219,205
  • Oct 4, 2022 2:44pm Oct 4, 2022 2:44pm
Quoting investing101
{quote} In my opinion there’s no fundamental reason we should be this high close to parity.
There is a "fundamental" reason to go to parity or over it: EU's main problem is that they need to buy energy from the open market. Low EUR = high prices = riots.

Last year in Oct we had 1.16 and now we had 0.96 - so a 20% fall. Do you think that EU economy fell 20% in 1 year? So the market was either wrong then, or it is wrong now, or it was both wrong then and now ... I stopped a long time ago to care about "fundamentals", as you can see there is nothing "fundamental" in what is happening.
  • #1,219,206
  • Oct 4, 2022 2:54pm Oct 4, 2022 2:54pm
Quoting NrSLionHeart
{quote} There is a "fundamental" reason to go to parity or over it: EU's main problem is that they need to buy energy from the open market. Low EUR = high prices = riots. Last year in Oct we had 1.16 and now we had 0.96 - so a 20% fall. Do you think that EU economy fell 20% in 1 year? So the market was either wrong then, or it is wrong now, or it was both wrong then and now ... I stopped a long time ago to care about "fundamentals", as you can see there is nothing "fundamental" in what is happening.

You don’t understand fundamentals clearly
  • #1,219,207
  • Oct 4, 2022 2:57pm Oct 4, 2022 2:57pm
Quoting NrSLionHeart
{quote} There is a "fundamental" reason to go to parity or over it: EU's main problem is that they need to buy energy from the open market. Low EUR = high prices = riots. Last year in Oct we had 1.16 and now we had 0.96 - so a 20% fall. Do you think that EU economy fell 20% in 1 year? So the market was either wrong then, or it is wrong now, or it was both wrong then and now ... I stopped a long time ago to care about "fundamentals", as you can see there is nothing "fundamental" in what is happening.
Wow you have much to learn
Master your mind. Master Trading.
  • #1,219,208
  • Oct 4, 2022 3:05pm Oct 4, 2022 3:05pm
So how do you explain the 20% fall in the past year?
  • #1,219,209
  • Oct 4, 2022 5:30pm Oct 4, 2022 5:30pm
I'm short, let's see but this should be going straight to 0.954.

It can go a bit higher but not by much (Some room until 1.006), if it does then changing to long.

Happy pips
  • #1,219,210
  • Oct 4, 2022 8:07pm Oct 4, 2022 8:07pm
Congratulations to all the winners!

As for me, I'm still figthing... Though already conceded some losses.

I'm optimistic all is not lost since this helps me refine my approach. It's just hopefully I don't get wiped out.
"No trade is still a trade." - Peter Borish
  • #1,219,211
  • Oct 4, 2022 9:12pm Oct 4, 2022 9:12pm
dont understand why ppl shorting
The only prayer you need is Thankyou
  • #1,219,212
  • Oct 4, 2022 9:19pm Oct 4, 2022 9:19pm
Quoting Formonix
dont understand why ppl shorting
Let them someone’s gotta pay my longs
Master your mind. Master Trading.
  • #1,219,213
  • Oct 4, 2022 10:06pm Oct 4, 2022 10:06pm
Buy limits set around 0.9900 - 0.99300 area
Master your mind. Master Trading.
  • #1,219,214
  • Oct 4, 2022 11:02pm Oct 4, 2022 11:02pm
Quoting Formonix
dont understand why ppl shorting
no need to understand others. Just understand yourself. Many also don’t understand why people are trading this too, let alone shorting or longing.
  • #1,219,215
  • Oct 5, 2022 12:55am Oct 5, 2022 12:55am
Quoting Formonix
dont understand why ppl shorting
I made a quick 4k shorting
  • #1,219,216
  • Oct 5, 2022 1:13am Oct 5, 2022 1:13am
High volume/activity above QUARTER level during the end of NY (yesterday) which continued in the ASIA session today. Is the big sell-off coming? GU and AU doing the same.
Success = Practice + Patience + Persistence
  • #1,219,217
  • Oct 5, 2022 2:07am Oct 5, 2022 2:07am
Quoting blurbear
{quote} no need to understand others. Just understand yourself. Many also don’t understand why people are trading this too, let alone shorting or longing.
what do you trade?
The only prayer you need is Thankyou
  • #1,219,218
  • Oct 5, 2022 2:26am Oct 5, 2022 2:26am
Quoting Formonix
{quote} what do you trade?
anything that moves…even Bitcoin. My span of attention sometimes seconds or minutes…sometimes days or weeks..

so why others long or short , it matters none.
  • #1,219,219
  • Oct 5, 2022 2:36am Oct 5, 2022 2:36am
GiWrgos 77 - Εισαι τριχας ρε....

Kalimera.

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Sold here.

  • #1,219,220
  • Oct 5, 2022 3:02am Oct 5, 2022 3:02am
Giwrgos 77 ise trixas re.

Kalimera.

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BP and E. 5' --- Short as shown

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