DislikedOff to gym guy n gals --- see ya all tomorrow... EU target still in the 700 area .... am still long and in dd on eur/chf and holding to target and still long guIgnored
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- #1,962
- Apr 16, 2024 2:10pm Apr 16, 2024 2:10pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,381 Posts
- #1,963
- Apr 16, 2024 2:12pm Apr 16, 2024 2:12pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,381 Posts
- #1,964
- Apr 16, 2024 2:15pm Apr 16, 2024 2:15pm
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- #1,968
- Apr 16, 2024 2:53pm Apr 16, 2024 2:53pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,381 Posts
{quote} really need to see where we are just before cpi. Usually but not everytime if price on gu goes up b4 news its to take it down and vice versa. try find all the red news releases in the last month or 2 to see what i mean... Its not 100% perfect but you will see some interesting results
- #1,971
- Apr 16, 2024 6:11pm Apr 16, 2024 6:11pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,381 Posts
- #1,972
- Apr 16, 2024 6:12pm Apr 16, 2024 6:12pm
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- #1,974
- Apr 16, 2024 6:57pm Apr 16, 2024 6:57pm
- Joined Nov 2020 | Status: Trader | 2,850 Posts
In tea leaves we trust!
{quote} Thank you. I am just wondering what kind of impact geopolitical news have on these pairs when it comes to S/R and liquidity grab. On 4hr chart for EU it seems like the liquidity grab has occured around 1.60 area. So if 1.7 is the target that almost 1000 pips. If the daily and weekly are showing signs of bearish continuation how can the pair move a 1000 pips. Thank you again.
You can be aware of such events happening, which then gives you an advantage on capital protection. The fundamental side of this business is just as important as anything else.
Things such as Political instability including Elections, Policy changes (ie interest rates, trade agreements), Global Health crises...remember COIVID-19. Then you have things such as wars and commodity disruption. These regions that are key producing regions can be disrupted by a number of events, affecting the production and distribution resulting in an impact on price.
Over the span of 9/10 days (back in early 2020) the EUR moved down 850+ pips.
You also have the DOW making huge moves on that Monday in 2020.
Markets taking in a lot of information: Just some headlines from that time which illustrate how geopolitical events can play a role and make an impact in price.
On your prices, you may have your price points mixed up, EU is currently at 1.0618,between 1.0600 and 1.0700 is only 100 pips, not 1000.
Swing the AXE..HARD w/ Effort, Consistency and Patience
Many pips to you all!
- #1,978
- Apr 17, 2024 1:17am Apr 17, 2024 1:17am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,381 Posts
hi folks, i'm seeking dollar topping here but specifically against AUD and CAD. both have rather large order flow long (AUD) and short (USDCAD). would short any rallies above 1.3831 ish and ideally look for 1.3755 anyone else seeing the same order flow data? cheers.
anyone else seeing the same order flow data?
Sorry Mcbean i dont use order flow but feel free to drop a chart if you like 
- #1,979
- Apr 17, 2024 1:17am Apr 17, 2024 1:17am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,381 Posts
- #1,980
- Apr 17, 2024 1:19am Apr 17, 2024 1:19am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,381 Posts
{quote} Thank you. I am just wondering what kind of impact geopolitical news have on these pairs when it comes to S/R and liquidity grab. On 4hr chart for EU it seems like the liquidity grab has occured around 1.60 area. So if 1.7 is the target that almost 1000 pips. If the daily and weekly are showing signs of bearish continuation how can the pair move a 1000 pips. Thank you again.
