A thread for traders to share their thoughts.
Disclaimer: For training and educational purposes only.
In less than an hour we have NFP news. Major mover in the market. Watch the US dollar. 
Place your betsā¦ or not. Definitely donāt bet the farm.
https://www.forexfactory.com/calendar.php
Weekly EUR/USD
So far targeting dotted line below.
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Which came in roughly on the numbersā¦
After a pause the US$ went strong 
So I went to fetch people from āup the roadā, and while I was out it turned weak again.
If youāre scalping you canāt walk away unless youāve got your SL and TP already set.
A big move might be in the pipeline. If they intervene there is normally a day or two between āthe warningā and the move.
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Well I am glad I closed my yen positions. CJ has bounced off a big demand zone on the daily.
I feel GBP has to be close to its limit. It is way oversold /bought depending on who you are.
Forget about the other RH.
This one is the money maker!
Jensā $ignal $ervice!
Boom! 
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Lol, itās not rocket science. I told Toss about our new trader thread, all because his pal trashed Stuās.
All these arguments about what works or doesnātā¦ everything works if you pick the right things to trade and nothing works if you pick the wrong thing.
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Cheers Alex, I hope the air stays fresh in here ! 
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A recent hypothesis, which seems reasonable, is that a hard Brexit will cause GBP to go down further, and a smooth or agreed exit will cause GBP to rise again ā¦ in which case an acquaintance has indicated that he will go in heavy and long on Cable or something.
In reality there is liely to be hard Brexit with some sort of patch-up, a gentlemanās agreement ( 
) to move in a particular direction. So then I guess price will wobble a bit, or a lot, whilst people figure out what is likely to happen next.
I really donāt understand any of Project Fear. Nobody has ever said why. I think itās like the year 2k scaremongering. Nothing will happen with a āhard Brexit.ā
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For all in the UK the falling pound isnāt necessarily a bad thing.
Exports increase, tourism increases.
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Investments increase, lots of people need to buy Ā£ and Ā£ goes up. We donāt export much. Our biggest are financial services, arms and music. So go pick a fight with someone and buy more ginger millennial music (Ed Sheeran, who sings about bleaching his arsehole.)
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