Trader Talk Thread 💱

A thread for traders to share their thoughts.:moneybag::thinking:

Disclaimer: For training and educational purposes only.

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In less than an hour we have NFP news. Major mover in the market. Watch the US dollar. :moneybag:Place your bets… or not. Definitely don’t bet the farm.
https://www.forexfactory.com/calendar.php

Weekly EUR/USD

Screenshot_2

So far targeting dotted line below.

My%202%20cents

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Which came in roughly on the numbers…

After a pause the US$ went strong :+1: :smiley:
So I went to fetch people from ‘up the road’, and while I was out it turned weak again.

:face_with_raised_eyebrow:

If you’re scalping you can’t walk away unless you’ve got your SL and TP already set.

Screenshot_4

:face_with_raised_eyebrow:

I caught the big move down on CJ. Sheer luck. :stuck_out_tongue:

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A big move might be in the pipeline. If they intervene there is normally a day or two between “the warning” 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.

I don’t think it will sink to below the lowest this century of 1.19.

Forget about the other RH.
This one is the money maker!
Jens’ $ignal $ervice!
Boom! :wink:

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Lol, it’s not rocket science. I told Toss about our new trader thread, all because his pal trashed Stu’s.

All these arguments about what works or doesn’t… everything works if you pick the right things to trade and nothing works if you pick the wrong thing.

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20992609_10213189899769476_7815186796072448288_n

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ahh …refuge

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When price breaks, we could be off. But it will likely bounce around a bit.

Cheers Alex, I hope the air stays fresh in here ! :+1:

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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 … 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 gentleman’s agreement ( :rofl: ) 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 don’t understand any of Project Fear. Nobody has ever said why. I think it’s like the year 2k scaremongering. Nothing will happen with a “hard Brexit.”

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For all in the UK the falling pound isn’t necessarily a bad thing.
Exports increase, tourism increases.

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Investments increase, lots of people need to buy £ and £ goes up. We don’t 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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