Will be watching this Budak
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Back To Basics - Looking to improve 28 replies
Back to basics or information overload? 12 replies
Back to basics- looking for a method to approach the market 15 replies
Taking it back to basics 12 replies
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Well i think the so called "market" cannot be reduced to a description such as: "Its only psychology." Or "Its supply and demand, learn supply and demand." Or even something esoteric like "Its the flow of price action." All descriptions in this way is limited. It does not help to write one or 95 books about it, it still does not desribe it.
I think there is no point in trying to understand one or seven or 86 different market mechanisms as something separate from eachother. And for the most part its utterly...Ignored
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Got busy and distracted, here are my charts, im back in reds threadIgnored
Dislikednice chart alex.eurusd and gbpusd approaching supply zone.selling is my first option right now.will see it next week.Ignored
Dislikedsounds like a good strategy, but for all who have setups showing that they are planning to go long on the yen. Don't you think this is just crazy?
Soon there will very likely be a nuclear fallout possibly destroying a big part of their crops, fish and industries. Result -> Japanese economy will be brought down to its knees. Long-term the yen should fall and not rise. And not to forget, the G-7 national banks have agreed on intervening, should the yen get too strong.
All odds stacked against you, if you go long on the yen. Just a cautionary note.
Also...Ignored
DislikedHI silver.i think this is demand turn supply area.will see it later.Ignored
Dislikedagreed, if it breaks though there is no stopping till 1.0100 ... i guessIgnored
Dislikedsounds like a good strategy, but for all who have setups showing that they are planning to go long on the yen. Don't you think this is just crazy?
Soon there will very likely be a nuclear fallout possibly destroying a big part of their crops, fish and industries. Result -> Japanese economy will be brought down to its knees. Long-term the yen should fall and not rise. And not to forget, the G-7 national banks have agreed on intervening, should the yen get too strong.
All odds stacked against you, if you go long on the yen. Just a cautionary note.
Also...Ignored
Dislikedjapan is the third largest economy, now taken off the grid, china is soaking up liquidity, the markets are being kept afloat by POMO, good luck CBs, long term i wouldn't consider buying usdjpy below 84.00 (for now) and then i want to see other buyers besides the CB as well
take a look at the market after the kobe earthquake, of course these are different times, but i wouldn't be so sure of a yen collapseIgnored
DislikedIf you know, can you please explain me the reasoning why the usd/jpy went down (jpy went up) after the kobe earthquake? I sincerely don't know and just get my first steps into fundamental analysis.Ignored