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  • #1,102,901
  • Apr 9, 2017 12:27pm Apr 9, 2017 12:27pm
Quoting YellowFellow
I'll keep it simple, clear solid resistance on the range + Trend is your Friend guys. I'll sell and sell hard. {image}
I would like to know, why did you put your trend line as you did? Typically trend lines will mark the very top of a swing, which is something that your trend line doesn't do.
I'm your unknown friend!
  • #1,102,902
  • Apr 9, 2017 12:38pm Apr 9, 2017 12:38pm
Quoting hilmy83
my monkey sayss..ooo ooo aaaah!... yup..it's down i think https://www.youtube.com/watch?v=84hg...ature=youtu.be
A real representation of retail traders

Quoting ill_be_back
{quote} Lets see
Agreed
  • #1,102,903
  • Apr 9, 2017 12:41pm Apr 9, 2017 12:41pm
Quoting Tradingwithw
{quote} A real representation of retail traders
well by the looks of that, there are a tonne of open buy orders down below 1.04.... that's pretty good going if you ask me for retail...
  • #1,102,904
  • Apr 9, 2017 12:45pm Apr 9, 2017 12:45pm
Quoting Stu Effex
{quote} No expense spared on this project ! {image} A New Family of Blue Tits have just moved in and seem to be very happy now. {image} https://youtu.be/yO-Tio-1uMA
Attached Image
  • #1,102,905
  • Apr 9, 2017 12:51pm Apr 9, 2017 12:51pm
Quoting Don96
{quote} well by the looks of that, there are a tonne of open buy orders down below 1.04.... that's pretty good going if you ask me for retail...
Well- I wouldn't say they are wrong, but too early. A dip below 1.03xx to set the swing of the year wouldn't be out of the question. Clear both soft and strong holders etc. Typically that's how it goes in other markets...I would like to buy down there, but only after confirmation it can hold....and without a test there's no confirmation. <br>

Even still- elections are all that matter right now. La Pen gets in and parity is in sight.....unlikely but so was Brexit and Trump, nationalism is in the air <br>

and of course to clarify retail traders are everyone without LLC or Corp behind their name. 5MM = retail even still
  • #1,102,906
  • Apr 9, 2017 12:52pm Apr 9, 2017 12:52pm
Quoting Tradingwithw
{quote} Well- I wouldn't say they are wrong, but too early. A dip below 1.03xx to set the swing of the year wouldn't be out of the question. Clear both soft and strong holders etc. Typically that's how it goes in other markets...I would like to buy down there, but only after confirmation it can hold....and without a test there's no confirmation. Even still- elections are all that matter right now. La Pen gets in and parity is in sight.....unlikely but so was Brexit and Trump, nationalism is in the air
yep not disagreeing with the downside, would like to see 1.007, but only if i am in short
  • #1,102,907
  • Apr 9, 2017 1:02pm Apr 9, 2017 1:02pm
Quoting Don96
{quote} yep not disagreeing with the downside, would like to see 1.007, but only if i am in short
I'm empty handed as well. Lets see if 1.0494 is closed this week, if so then I expect 1.03 handle to be tested. Otherwise we may have set the bottom, then I will start looking to buy.

https://www.forexfactory.com/news.php?do=news&id=655656

Watch UJ, gap down expected. The world is becoming an ugly place.
  • #1,102,908
  • Apr 9, 2017 1:03pm Apr 9, 2017 1:03pm
Quoting Tradingwithw
{quote} I'm empty handed as well. Lets see if 1.0494 is closed this week, if so then I expect 1.03 handle to be tested. Otherwise we may have set the bottom, then I will start looking to buy. https://www.forexfactory.com/news.php?do=news&id=655656 Watch UJ, gap down expected.
yes im pondering what this means for USD,

how close is it to a war? initially between US and Russia/Iran eventually dragging in UK and the rest of the world.

wonder where china and Japan would sit
  • #1,102,909
  • Apr 9, 2017 1:07pm Apr 9, 2017 1:07pm
I wasn't free to concetrate to trading the last 2 days of the week , crew. However the proposed trade in BP short
did prove very satisfactory . Took P.Prof. on the cls.
SL on rest at 1.24 60
Very risky turning point in E. If it reaches1.05 60-70 I will try longs . The question is...:
Longs for a 30 pip rebound OR for 300 pips...??? I Leave it to you . Play it for both eventualities .
I don't have a firm opinion . I see too much conviction for the short side..... Be careful . . .

  • #1,102,910
  • Apr 9, 2017 1:09pm Apr 9, 2017 1:09pm
Quoting Don96
{quote} yes im pondering what this means for USD, how close is it to a war? initially between US and Russia/Iran eventually dragging in UK and the rest of the world. wonder where china and Japan would sit
Do you mean in regards to trading or philosophically?
  • #1,102,911
  • Apr 9, 2017 1:09pm Apr 9, 2017 1:09pm
I will go for +300 pips
don't predict direction, but dance with flow of water
  • #1,102,912
  • Apr 9, 2017 1:10pm Apr 9, 2017 1:10pm
Quoting Tradingwithw
{quote} Do you mean in regards to trading or philosophically?
trading
  • #1,102,913
  • Apr 9, 2017 1:24pm Apr 9, 2017 1:24pm
Quoting Don96
{quote} trading
As traders all we care about is risk. War = risk off, so Yen Dollar Gold & Bonds is a buy. But a world war would probably be Gold. Been a long time since we've had one of those, and the economies of the world are completely different now (Bretton Woods Agreement)....so who can say? Gold the best bet. Perhaps we shouldn't talk of such things.

Either way, at the current moment I'd just expect Yen to be bought as the risk off currency, if things get really ugly then Dollar....and if the world goes to hell in a hand basket Gold & Bonds and maybe a ticket to the moon. Just my thoughts- I've yet to trade through a world war....
  • #1,102,914
  • Apr 9, 2017 1:28pm Apr 9, 2017 1:28pm
Quoting Tradingwithw
{quote} As traders all we care about is risk. War = risk off, so Yen Dollar Gold & Bonds is a buy. But a world war would probably be Gold. Been a long time since we've had one of those, and the economies of the world are completely different now (Bretton Woods Agreement)....so who can say? Gold the best bet. Perhaps we shouldn't talk of such things. Either way, at the current moment I'd just expect Yen to be bought as the risk off currency, if things get really ugly then Dollar....and if the world goes to hell in a hand basket Gold & Bonds and maybe...
well lets say its between US and Russia.. who would want to buy USD if US is in a war... likewise with Russia and Rubble, there is little old Europe as a new safe haven and we see it at 1.2 against the dol?
  • #1,102,915
  • Apr 9, 2017 1:44pm Apr 9, 2017 1:44pm
Quoting Don96
{quote} well lets say its between US and Russia.. who would want to buy USD if US is in a war... likewise with Russia and Rubble, there is little old Europe as a new safe haven and we see it at 1.2 against the dol?
War with America and Russia would be a Russia/China vs America/Europe war. America drags Europe into every war... so Europe as the safe haven wouldn't apply in that case....again it'd be back to Gold. That and Europe/Russia would likely be the battle ground
  • #1,102,916
  • Apr 9, 2017 1:49pm Apr 9, 2017 1:49pm
Quoting Tradingwithw
{quote} War with America and Russia would be a Russia/China vs America/Europe war. America drags Europe into every war... so Europe as the safe haven wouldn't apply in that case....again it'd be back to Gold. That and Europe would likely be the battle ground
yes agree with gold, not sure on the europe situation with US, russia holding influences over places such as Poland and other eastern european countries, not sure on Germany stance, would be UK with US, China im not so sure, nor Japan.

however yes, all this talk is too much and whole world should hope that it doesn't get too out of hand
  • #1,102,917
  • Apr 9, 2017 1:49pm Apr 9, 2017 1:49pm
Quoting Tradingwithw
{quote} As traders all we care about is risk. War = risk off, so Yen Dollar Gold & Bonds is a buy. But a world war would probably be Gold. Been a long time since we've had one of those, and the economies of the world are completely different now (Bretton Woods Agreement)....so who can say? Gold the best bet. Perhaps we shouldn't talk of such things. Either way, at the current moment I'd just expect Yen to be bought as the risk off currency, if things get really ugly then Dollar....and if the world goes to hell in a hand basket Gold & Bonds and maybe...
I would think, that even if GOLD became a major mover like in the movie "Pelham 123", the spread would become so wide that no one would be able to profit from it! No one profited from Brexit when it had that huge spike down. Even people who were short, because human nature is to take risk. So even if he was short and made profit, they would try to pick the bottom and keep longing every time it dropped 100 pips, but GJ dropped well over 3000 pips. Wouldn't it be better to trade what we see instead of trying to predict what will happen? If the market moved based on our positive/negative sentiment, people would take larger risk in the forex market. People refer to risk on and risk off, but if you have a .01 order you are exposed to the dangers of spread betting.
I'm your unknown friend!
  • #1,102,918
  • Apr 9, 2017 2:01pm Apr 9, 2017 2:01pm
Quoting Don96
{quote} yes agree with gold, not sure on the europe situation with US, russia holding influences over places such as Poland and other eastern european countries, not sure on Germany stance, would be UK with US, China im not so sure, nor Japan. however yes, all this talk is too much and whole world should hope that it doesn't get too out of hand
Yes- I agree it's all speculation at best. Russia does not want a war with America, they'd lose. But- war is war is war, gold is the ultimate risk off asset in all cases of war- regardless of who/what/when. Currencies would most likely become very volatile and unpredictable....bomb Europe, EU drops. Draghi catches a bullet to the eyeball, EU drops. Tradability wise there is only one option.

Fundamentally, in my eyes EU will reach 1.2 once we've cleared two things 1. EU elections (No La Pen) and 2. end of QE

Anyway, good luck guys and gals- great conversation! Now I have to go pay attention to my kids and wife
  • #1,102,919
  • Apr 9, 2017 2:19pm Apr 9, 2017 2:19pm
Quoting hilmy83
big down gap coming up later today. if not, then blame my crystal ball
22 pips volatility in pre-market data !

Open 1.0598
Day Range 1.0587 - 1.0609
https://www.bloomberg.com/quote/EURUSD:CUR
I am who I am
  • #1,102,920
  • Apr 9, 2017 2:24pm Apr 9, 2017 2:24pm
Quote
Russia does not want a war with America, they'd lose.

So will America and anyone/everyone else in the world - there will no winners
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