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  • #193,141
  • Mar 29, 2024 8:01am Mar 29, 2024 8:01am
Quoting Bloodwish
{quote} I want to short it but spreads are a bitch today
Its only happening days like this, but you can think to open an account with standard spread. See if your broker offers one and ask if he can change your plan!
Looking for profitable short term trades ...|
  • #193,142
  • Mar 29, 2024 8:04am Mar 29, 2024 8:04am
Quoting cuchuflito
{quote} I do have trade opportunities, but my broker has a huge "Easter Spread", . M5 untradable, maybe after the news and the US open.
Its quite impossible to place cost efficient trades today due to horrendous spreads. I trade with IC and FTMO, IC normally has 0 to 0.2 pip spread on EUR/USD. Today its 1.5+ with often spikes to 5 +/-. I hope this will not become a common practise, considering there is no USD bank holiday and there is still some liquidity during this US session, despite upcoming Easter weekend. In other words, these spreads arent justified at all and im forced to skip trading all together today.
  • #193,143
  • Mar 29, 2024 8:10am Mar 29, 2024 8:10am
I feel they opened that spread just like they are about to call off the day.

Volume is also so small for now
A man has a mouse in his pocket.
  • #193,144
  • Mar 29, 2024 8:23am Mar 29, 2024 8:23am
Anybody thinking the same SHS pattern?
Attached Image (click to enlarge)
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  • #193,145
  • Mar 29, 2024 8:25am Mar 29, 2024 8:25am
i think it's not going down until the daily FVG is closed, that's my bet. We are almost there.
  • #193,146
  • Mar 29, 2024 8:34am Mar 29, 2024 8:34am
My guess too, It moves until FVG is reached around 1.08100. Lets wait and see.
  • #193,147
  • Mar 29, 2024 8:34am Mar 29, 2024 8:34am
Quoting Mitiblotch
Anybody thinking the same SHS pattern? {image}
kinda. it will go around 0.812 then drops, and after powell speaks it will go bullish
  • #193,148
  • Mar 29, 2024 8:41am Mar 29, 2024 8:41am
Quoting Evt
{quote} That top peak violates both cypher and shark, so this has the potential to drop to 1.066
So be it... But as long as H4 candles open above ~1.0775, I am bullish and keep buying dips...

Best wishes..
Focus only on what truly matters!
  • #193,149
  • Mar 29, 2024 8:56am Mar 29, 2024 8:56am
currently long with tp at 1.0802 i believe that if its hits 1.0802 it might go a little bit more up maybe to 1.0820 and then it will go down to 1.077-1.0765
  • #193,150
  • Mar 29, 2024 9:02am Mar 29, 2024 9:02am
Quoting Mitiblotch
Anybody thinking the same SHS pattern? {image}
I think this one will fail, it will reach ema 200 H1 or fibo 61.8 / 1.0834 then back to your shoulder area picture.
  • #193,151
  • Mar 29, 2024 9:02am Mar 29, 2024 9:02am
Based on H1, I am marking ~1.0787 as nearest support... (The closer we buy to 1.0777 the better)
Focus only on what truly matters!
  • #193,152
  • Mar 29, 2024 9:05am Mar 29, 2024 9:05am
Quoting BruceWayne27
currently long with tp at 1.0802 i believe that if its hits 1.0802 it might go a little bit more up maybe to 1.0820 and then it will go down to 1.077-1.0765
had to exit with a small profit these movements are wild, but i still believe the possibility of it going down to 1.077
  • #193,153
  • Mar 29, 2024 9:17am Mar 29, 2024 9:17am
Bankers gone home. Today's news will have impact next week.
  • #193,154
  • Mar 29, 2024 9:41am Mar 29, 2024 9:41am
I still think we will see a red candle for the month. Today we find out!! Fun, fun.
When you don't know where your going, any road will take you there.
  • #193,155
  • Mar 29, 2024 10:03am Mar 29, 2024 10:03am
not the gains I thought we would get but took a win as a win. The spread is getting wider
  • #193,156
  • Mar 29, 2024 10:11am Mar 29, 2024 10:11am
What's the reason behind the wide spreads?
  • #193,157
  • Mar 29, 2024 10:16am Mar 29, 2024 10:16am
  •  Evt
  • | Joined Sep 2011 | Status: Professional Trader | 86 Posts
Quoting Ata-Turkoglu
{quote} So be it... But as long as H4 candles open above ~1.0775, I am bullish and keep buying dips... Best wishes..
fair enough.. happy trading and enjoy your Easter.
Audentes fortuna iuvat
  • #193,158
  • Mar 29, 2024 10:19am Mar 29, 2024 10:19am
It seems like today's PCE report has provided some mixed signals for the market. On one hand, the annual inflation measure, which is closely watched by the Federal Reserve, ticked higher. This could suggest that the Fed might remain cautious about cutting interest rates too soon, as it's still trying to bring inflation down to its 2% target.

On the other hand, the core PCE index, which excludes volatile food and energy prices, slowed slightly to 0.3% from 0.4%. This might provide some relief for central bankers, as it suggests that underlying inflationary pressures could be easing slightly.

Overall, it's a bit of a mixed bag, and it'll be interesting to see how the EUR/USD respond when they reopen after the holiday weekend.
Looking for profitable short term trades ...|
  • #193,159
  • Mar 29, 2024 10:23am Mar 29, 2024 10:23am
Quoting vinesh1
What's the reason behind the wide spreads?
Yes... It's ridiculous. I closed all my trades which should be in profits but when I checked my history it turned out to be THE LOSS :-(
The spreads are huge today !!!
It's definitely not the day for trading. I checked with many other brokers and ALL brokers today have their spreads widen enough to nearly 2or 5 pips..
The reason is the lack of liquidity and bank holidays across the different markets.
This same will be on Monday which is Easter Monday of course...
Attached Image (click to enlarge)
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Read Charts - Not Papers
  • #193,160
  • Mar 29, 2024 10:24am Mar 29, 2024 10:24am
Anyone have the link for this Powell Speech?
"Your Habits Will Determine Your Future"
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