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    Thread: moneygrow's trading journal

    1. #2861
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      Quote Originally Posted by crown View Post
      I think you have target right point. Because this pair will go down more. From higher time frame we can see this pair strongly go on down side. Monthly candle show strong down side. So there are more possibility to break your targeted level in next month. I also like to go on down side but i will wait for little reversal. I hope on next month starting time it will reverse little after that it will continue to go down side.
      Attachment 78062
      A lot of people really said that gbpusd and eurusd will fall down more but it's surprising to see that eurusd and gbpusd are starting to move to the other side, well am not too surprise though because that's exactly how this business work and that's why risk and money management needs to be implemented properly.
      Why should you boast? You are not saved by your works but by the grace of God.👆

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    3. #2862
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      This is not the first time the bulls are pulling this type of string in gbp usd, that happened between the 23rd and 24th of May when the trend was obviously still very bearish, that almost threw some traders off balance who thought that the market has reversed, only for it to immediately start going back down again, so let's wait, maybe this might be another or such scenario of probably a reversal.

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    5. #2863
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      Quote Originally Posted by Leonvic90 View Post
      This is not the first time the bulls are pulling this type of string in gbp usd, that happened between the 23rd and 24th of May when the trend was obviously still very bearish, that almost threw some traders off balance who thought that the market has reversed, only for it to immediately start going back down again, so let's wait, maybe this might be another or such scenario of probably a reversal.
      Indeed, the market is the judge and we are the follower. Being stubborn about a direction is something that we should change.
      We must only follow what the market hint us, nothing more. The market can even slaughter its most loyal follower if they're not careful not to mention those who are not loyal.

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    7. #2864
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      Quote Originally Posted by Eneregha View Post
      A lot of people really said that gbpusd and eurusd will fall down more but it's surprising to see that eurusd and gbpusd are starting to move to the other side, well am not too surprise though because that's exactly how this business work and that's why risk and money management needs to be implemented properly.
      Don't be surprised. Most of the trader analysis with some indicators and chart and all of them showing this pair on down side. So that why most of the people include me says this pair will go on down side. If you see higher time frame then you can also understand that this pair will go on down side. But suddenly it moving on up side and i think it will not continue longer time until getting any positive news. You know here news can change anything at anytime.

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    9. #2865
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      lots of movement today after several news released. usdcad is one of the pair which moved more than 160 pips .time to recover this positions and i am confident enough at this position 1.2835 for a clear buy signal and the high possibility to get 20-60 pips .the basic support and resistance level indicate such thing and i had seen this type of movement so many years and i can easily understand the next move like this situation after the effect of news like bank rate etc.the bearish movement continuation might happen after a rollback.
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    11. #2866
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      well-said, supermod. the market would punish even its followers who are not fast to discern the turn of things in the market. as for gbpusd and eurusd i think the market already is making attempts at a change in trend. lets see what haqens tomorrow.

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    13. #2867
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      Quote Originally Posted by crown View Post
      Don't be surprised. Most of the trader analysis with some indicators and chart and all of them showing this pair on down side. So that why most of the people include me says this pair will go on down side. If you see higher time frame then you can also understand that this pair will go on down side. But suddenly it moving on up side and i think it will not continue longer time until getting any positive news. You know here news can change anything at anytime.
      Right now, both EU and GU should be watched closely in wake of the coming jobs data for the US. If the outcome is less than expected, we would see the Usd getting dumped faster and faster. Looking from today's data release, which ADP and prelim GDP fell lower than expected, the NFP might also be a surprise to everyone.

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    15. #2868
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      Quote Originally Posted by **BD View Post
      lots of movement today after several news released. usdcad is one of the pair which moved more than 160 pips .time to recover this positions and i am confident enough at this position 1.2835 for a clear buy signal and the high possibility to get 20-60 pips .the basic support and resistance level indicate such thing and i had seen this type of movement so many years and i can easily understand the next move like this situation after the effect of news like bank rate etc.the bearish movement continuation might happen after a rollback.
      Yeah, We have seen lots of movement with six major pair specially with USD based pair and also there was huge movement with CAD based pair because there were some effective news about USD and CAD. Today we have some news too and we may get some clarification about major pairs that these may taking a solo direction or not. As like as EU, we did not see much movement with GU but today we should get ready to see huge movement,
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    17. #2869
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      Quote Originally Posted by Eneregha View Post
      A lot of people really said that gbpusd and eurusd will fall down more but it's surprising to see that eurusd and gbpusd are starting to move to the other side, well am not too surprise though because that's exactly how this business work and that's why risk and money management needs to be implemented properly.
      Such people that were saying that the pairs GU and EU will continue falling just made an analysis and it must not come to pass 100% each time that they make it. There are many forces that drive the Forex Markets and as such we need to understand that things like News release that are high impact can nullify an analysis method that has been correctly made.

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    19. #2870
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      it is true most likely many traders who are wrong in opening trading positions including myself and I fall into the wrong analysis, because I think the market movement will reverse direction quickly and proof the market movement is still down, and for the future I predict the movement will go up to the top and hopefully all that can happen for the coming week, and not keep down ..

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