Dislikedok cool, good luck with your trading and thread. I had no intentions on it getting carried away.Ignored
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Dislikedok cool, good luck with your trading and thread. I had no intentions on it getting carried away.Ignored
DislikedMonroe, probably our conversation went the wrong way which is not good for anybody. I'm sure we both have so much to say about the forex market, but I really have to write a new book if I have to explain why the trading is different than before and what exactly have changed.Ignored
Dislikedwell, sorry about sidetracking your thread, after all it is yours. It was only at first to comment about Asian Sovereigns. take care.Ignored
DislikedThe biggest problem with the forex market in the last few years is the almost everybody is trying to achieve some non-economic goals by manipulating the currency pairs. During 2006/7 EURUSD was going north on the beliefs that the EZ is decoupling from US and will not be hit by the coming recession. One of the major buyers were Chinese sovereigns. Everybody knows what happened during and after 2008. Probably it is coincidence that China became exporter number 1 at that time. Today Cihnese FX official warned against excessive holdings of USD assets....Ignored
Dislikedyes, I know what you're saying. But has that really changed? it's always been a game of insiders and manipulation, at least in the short/medium term, as far as I know of FX. China holds massive reserves.Ignored
DislikedThe biggest problem with the forex market in the last few years is the almost everybody is trying to achieve some non-economic goals by manipulating the currency pairs. During 2006/7 EURUSD was going north on the beliefs that the EZ is decoupling from US and will not be hit by the coming recession. One of the major buyers were Chinese sovereigns. Everybody knows what happened during and after 2008. Probably it is coincidence that China became exporter number 1 at that time. Today Cihnese FX official warned against excessive holdings of USD assets....Ignored
DislikedI think the chinese are not after a financial gain here, but after control. The guys who control the debt are the ones who ultimately control everything.Ignored
DislikedHi Srmfx, in the post 142 you posted your trade from 50 EMA. Why you did not take trade from 20 EMA around 9:20?Ignored
DislikedHi William,
Sometimes the price may go up but 2-3 ticks up will be followed by 1-2 down and the distance between the consecutive ticks would be 3-4 pips. This means for me that someone is trying to push the market up but is meeting strong resistance from sellers. Probably some videos will be more useful to explain what I mean exactly.Ignored
DislikedWhat do you mean by "distance between the consecutive ticks would be 3-4 pips"? Did you mean SECONDS?Ignored
DislikedHi Srmfx, I tried to make STE trade from 20 EMA, what do you think about my attempt?Ignored