Dislikedbtw in the meanwhile can a bro kindly explain to me hedging in layman terms and how one can make some pips from it pls?Ignored
That means you're not gaining profit or losing money.
It is good in a ranging market.
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Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
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Dislikedbtw in the meanwhile can a bro kindly explain to me hedging in layman terms and how one can make some pips from it pls?Ignored
DislikedI AM still holding to my shorts from 1.4780 .. oh man if it doesnt go there.. for me to exit, i am seriously KAPUIgnored
DislikedEURUSD is in a retrace north this week from the big drop , the pairs making higher high, higher lows. The current move south is a retrace on the smaller time frames.
Fridays typically extend the weekly move, not reverse.
fwiwIgnored
DislikedAll bets are off with the "fed chairman" speaking, could get whippyIgnored
DislikedEURUSD is in a retrace north this week from the big drop , the pairs making higher high, higher lows. The current move south is a retrace on the smaller time frames.
Fridays typically extend the weekly move, not reverse.
fwiw
look for euro to pull back at the start of the London and then push north and stall till Bernacke speaks tomorrow morning, that should carry the pait north till the end of the London and consolidation for the end of the NY session ending at the top of the weekly candleIgnored
DislikedI've already accumulating long since it break the 1.4800 level. I'm hoping there'll be another rally where euro open and break 1.5000Ignored
DislikedAll bets are off with the "fed chairman" speaking, could get whippyIgnored
DislikedI've already accumulating long since it break the 1.4800 level. I'm hoping there'll be another rally where euro open and break 1.5000Ignored
DislikedOil jumped today on the back of a huge day in commodities.
Many falsely believed it was due to rising tensions with Russia. Did you notice how oil reacted when the invasion started? That might have been a good time to gauge the market sentiment towards the conflict. I'll save you some time... nothing happened. Oil reacted the way I do when I'm forced to watch the Oxygen channel - lifted it's head then went back to what it was doing before.
The real question is... are traders willing to go into the weekend holding those positions or will the unwind them? I'm guessing they take their money and run and we've just witnessed the famed DCB. (Dead Cat Bounce)
It quite interesting to note that the market needed a reason to sell dollars. The sell off has been blamed on Fred and Fannie (overblown),
tropical depressions, rise in commodities, war, investment bank issues... blah, blah, blah. How about - the dollar has been overbought and we need a reason to dump it. Pick one or use all of them. Markets aren't linear - no rocket science needed for this analysis just a modicum of common sense.
The fly in the ointment - helicopter. Who knows what he's going to say. Could be huge or a non-event. I'll be looking to get flat before he runs his pie hole - better safe than sorry.
Has the direction changed? Oil at $200? Nope. The dollar will continue to gain strength and the oil bubble will continue to deflate.
MikeIgnored
DislikedOil jumped today on the back of a huge day in commodities.
Many falsely believed it was due to rising tensions with Russia. Did you notice how oil reacted when the invasion started? That might have been a good time to gauge the market sentiment towards the conflict. I'll save you some time... nothing happened. Oil reacted the way I do when I'm forced to watch the Oxygen channel - lifted it's head then went back to what it was doing before.
The real question is... are traders willing to go into the weekend holding those positions or will the unwind them? I'm guessing they take their money and run and we've just witnessed the famed DCB. (Dead Cat Bounce)
It quite interesting to note that the market needed a reason to sell dollars. The sell off has been blamed on Fred and Fannie (overblown),
tropical depressions, rise in commodities, war, investment bank issues... blah, blah, blah. How about - the dollar has been overbought and we need a reason to dump it. Pick one or use all of them. Markets aren't linear - no rocket science needed for this analysis just a modicum of common sense.
The fly in the ointment - helicopter. Who knows what he's going to say. Could be huge or a non-event. I'll be looking to get flat before he runs his pie hole - better safe than sorry.
Has the direction changed? Oil at $200? Nope. The dollar will continue to gain strength and the oil bubble will continue to deflate.
MikeIgnored
Dislikedi can't remember exactly but there was a surprise in the crude oil data. i think they had less. Also refineries are producing less output. the tropical storm is not a threat. the 2nd half is supposed to slow down so there should be less demand.Ignored