New Cable Thread & Other Pairs

Quoting FranG

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EURUSD So the market is saving its cards for tomorrow's big NFP day. The thing for me is clear, this month should be bearish for USD (no matter what tomorrow's NFP number is), so the only short positions I will open below 1.0964 will be scalps, no positional trades. That said, tomorrow's NFP report becomes crucial. A lower than expected number in tomorrow's NFP accompanied by a downward revision of March's 313k, would put us on the verge of a first Fed rate cut in July, and the 1.10 resistance would be challenged during this month of June. So we...

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Quoting Mitiblotch

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{quote} Thanks for looking out for me. Consider the following points: 1. I have a stop. I intentionally didn't mention it. There is a hard stop in those trades. 2. SL is not the most important thing in trading; money management (MM) is. SL can be part of MM but both are not mutually inclusive. I have a SL in these trades simply because of the calculated risk I put, as it's a prop account. Some other trades I put no stop, I simply hedge out of the trade with overall profit, or even profit on both sides. Many ways to trade.

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Quoting FranG

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EURUSD So the market is saving its cards for tomorrow's big NFP day. The thing for me is clear, this month should be bearish for USD (no matter what tomorrow's NFP number is), so the only short positions I will open below 1.0964 will be scalps, no positional trades. That said, tomorrow's NFP report becomes crucial. A lower than expected number in tomorrow's NFP accompanied by a downward revision of March's 313k, would put us on the verge of a first Fed rate cut in July, and the 1.10 resistance would be challenged during this month of June. So we...

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Quoting minhtri

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{quote} {image} {image}

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Quoting birdland

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{quote} that's quite a statement...i wouldn't trust myself to do that, respect!

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Quoting Mitiblotch

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{quote} Good post. There is only one consideration I'd like you to note and that is that EU and GU have not touched their respective monthly pivots. They will. And if they do and close at the pivot or below it the month becomes bearish. The further away price travels from the pivot the more likely it will fall without warning.

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Quoting Mihisti

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Happy Friday everybody! So the plan is everything bullish until NFP and a big drop after NFP? For me at least this is the scenario. The NFP forecast is very low, I have a filling that the numbers will come in Green.

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Quoting T721

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{quote} Gold update.... slow n frustrating trade, was in profit then drawdown then profit ---- like WTF..... anyway not too bad if you have Balls n Patience {image}

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Quoting Mihisti

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Gold: Or BTFLY to 2200 (vote with) or AB=CD to 2487 (vote with ). {image}

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Quoting pedro319

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{quote} Gold Destination 2260 and 2160 in extension.

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Quoting Mihisti

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{quote} Do you expect any retracement of this powerful down move before the continuation to your targets?

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Quoting minhtri

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{quote} {hình ảnh} {hình ảnh

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Quoting pedro319

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EU Same, market is still keeping door open for 1.0950. GU Same Gold Retracement is done, now market should start dropping. If there is another pair you would like me to have a look at, post it here. Like Mihisti did with EURCHF. Cheers

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Quoting minhtri

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{quote} {hình ảnh

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Quoting minhtri

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{quote} {image} {image}

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Quoting pedro319

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All shorts EU GU and Gold should take some now, this is half of the way.

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