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New Cable Thread & Other Pairs

  • #2,661
  • Apr 24, 2024 12:00am Apr 24, 2024 12:00am
EU
1.0707
Level still working.
Some may call it magnetic, others, waves etc etc, well it's only a Fibonacci extension.
Sometimes people want to make things look too complicated so that no one else understands and they look quite clever.
Don't fall for that.
We watch the charts from every angle so you don't have to!!
  • #2,662
  • Apr 24, 2024 12:06am Apr 24, 2024 12:06am
Gold
Having a little problem with this one.
At the moment the Geopolitics tension has eased a bit and as such Gold is now doing the same as EU and GU.
I am counting on 2370, so maybe some news or talks will cause a spike up.
We watch the charts from every angle so you don't have to!!
  • #2,663
  • Apr 24, 2024 12:17am Apr 24, 2024 12:17am
Not tracking any scheduled news, didn't seem to touch other currencies? Large scale sale of yen someone dropped?
liquidity grab to keep going north....
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  • #2,664
  • Apr 24, 2024 12:18am Apr 24, 2024 12:18am
Quoting pedro319
EU 1.0707 Level still working. Some may call it magnetic, others, waves etc etc, well it's only a Fibonacci extension. Sometimes people want to make things look too complicated so that no one else understands and they look quite clever. Don't fall for that.
Might check the 10677 area first
'In the clearing stands a boxer And a fighter by his trade..'
  • #2,665
  • Apr 24, 2024 12:20am Apr 24, 2024 12:20am
Quoting GOR
{quote} Might check the 10677 area first
Wanting to buy at that level too....
  • #2,666
  • Apr 24, 2024 12:20am Apr 24, 2024 12:20am
DXY is always tricky but it could visit 1.05 level
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  • #2,667
  • Apr 24, 2024 12:22am Apr 24, 2024 12:22am
I want it too lol Money to be made if it does.
  • #2,668
  • Apr 24, 2024 12:25am Apr 24, 2024 12:25am
Quoting GOR
{quote} Might check the 10677 area first
I have a couple of sequence of moves in my mind and that is def one of them!!
1.0679 is intraday fib confluence, so ideal for bounce.
We watch the charts from every angle so you don't have to!!
  • #2,669
  • Apr 24, 2024 12:34am Apr 24, 2024 12:34am
Quoting I.Scorpion
{quote} Wanting to buy at that level too....
If EU passes 10688 we can get there
Something is happening
'In the clearing stands a boxer And a fighter by his trade..'
  • #2,670
  • Apr 24, 2024 12:41am Apr 24, 2024 12:41am
Quoting I.Scorpion
Not tracking any scheduled news, didn't seem to touch other currencies? Large scale sale of yen someone dropped? liquidity grab to keep going north.... {image}
Just some pips from the big level. EU should slowly rise after that.
Looking for profitable short term trades ...|
  • #2,671
  • Apr 24, 2024 12:48am Apr 24, 2024 12:48am
Free advice for everyone.
If you are trying to buy EU, use 10 pips sl and honour your stops, as you know the context in higher tfs is very bearish.
We watch the charts from every angle so you don't have to!!
  • #2,672
  • Apr 24, 2024 12:51am Apr 24, 2024 12:51am
Quoting pedro319
Gold Having a little problem with this one. At the moment the Geopolitics tension has eased a bit and as such Gold is now doing the same as EU and GU. I am counting on 2370, so maybe some news or talks will cause a spike up.
May just be that the retracement is not over yet. 2307 may still be on the card?
  • #2,673
  • Apr 24, 2024 12:54am Apr 24, 2024 12:54am
EU Heading for 1.0600
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 21 KB
It's a big game.
  • #2,674
  • Edited 1:16am Apr 24, 2024 12:55am | Edited 1:16am
Quoting Jewel1996
{quote} May just be that the retracement is not over yet. 2307 may still be on the card?
Gold
In my mind that retracement is def not over.
Price is buncoing from confluence support + oversold D1, big deal, it should retrace higher before second leg down.
We watch the charts from every angle so you don't have to!!
  • #2,675
  • Apr 24, 2024 1:05am Apr 24, 2024 1:05am
Totally agree with you, i don t think this leg is over yet, maybe a few more days going up. I'm still confident that eur/usd is doomed to crash.
HOF: https://www.forexfactory.com/eelfranz https://www.forexfactory.com/ata
  • #2,676
  • Apr 24, 2024 1:17am Apr 24, 2024 1:17am
Quoting g0p0l1nh0
Totally agree with you, i don t think this leg is over yet, maybe a few more days going up. I'm still confident that eur/usd is doomed to crash.
I am sorry, forgot to say what I was talking about.
We watch the charts from every angle so you don't have to!!
  • #2,677
  • Apr 24, 2024 1:38am Apr 24, 2024 1:38am
Quoting Jewel1996
{quote} May just be that the retracement is not over yet. 2307 may still be on the card?
Gold
Worst case scenario before we reach 2370.
Bfly buy H1.
Attached Image (click to enlarge)
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We watch the charts from every angle so you don't have to!!
  • #2,678
  • Apr 24, 2024 1:48am Apr 24, 2024 1:48am
Markets are really calm. It is very worse. I think it is because of the USD/JPY issue. They really annoy the BOJ with attacking again and again. I think 155 on USD/JPY is the line in the sand for BOJ. I'm short on USD/JPY.

The rest (GBP/USD etc.) is not worth to mention. Crazy low vola but I as I said the major USD-Currencies are all stuck because of BOJ and JPY.
  • #2,679
  • Apr 24, 2024 1:50am Apr 24, 2024 1:50am
Quoting pedro319
{quote} I will start buying at 1.2359, if we go deeper will keep adding. Max risk for the whole operation 1% vs potential reward 3 -4%.
GM Pedro,
I went over the GU orders on Monday,
And I'm curious to ask about your MM, if you want to explain a little.
Your first long was 1.2359
Then I had a setup for the sell at 1236 that I didn't take, but could have been a nice hedge

Did you hedge there?
Finally the long arrived at 1.230
How did you manage the 50 pips DD?
No SL?
Assuming that you added (bigger?) orders for 1% risk and expected a profit of 4-3R, the DD was already close to the entire expected profit
'In the clearing stands a boxer And a fighter by his trade..'
  • #2,680
  • Apr 24, 2024 1:55am Apr 24, 2024 1:55am
Quoting JackintheBox
Markets are really calm. It is very worse. I think it is because of the USD/JPY issue. They really annoy the BOJ with attacking again and again. I think 155 on USD/JPY is the line in the sand for BOJ. I'm short on USD/JPY. The rest (GBP/USD etc.) is not worth to mention. Crazy low vola but I as I said the major USD-Currencies are all stuck because of BOJ and JPY.
USDJPY has been clogging the works for two weeks.... see my comments yesterday about my impatience with it. I'm honestly thinking the big movers in US and EU are on the verge of ransacking the yen because of it. USDJPY should be ripe to short, but if they decide to royally screw BOJ for dragging their feet, it won't be pretty for anyone.
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