The trades of the EUR USD and GBP USD currency pair is still running. One of the pound trade is in positive and the EUR USD trade is running in some losses.
I look at the fundamental picture of the market. I analyze the greenback is facing bearish pressure and the day nine eleven is coming in the history of the USA. Taliban are bracing to on the date of nine elevens. I think this date is worst for the US history and Taliban are ready to sprinkle salt on the US wounds.
So, I think that in the future, the US dollar is showing weakness because of the geopolitical uncertainty.
They did not give an impulse to grow at the ECB meeting, although the pair did not fall too much down. As long as my purchase remains in business, as in terms of technology, they have not failed so far below 1.1790, the priority for growth and purchases remains. I will act according to the system. There is no other option. I admit they will re-enter the 1.1800 supports. In this case, there is a limit buy order there.
There is a point at 1.1890 on debt returns. It was drawn back on Monday, and they should return there, but of course, they delayed this business a lot. But for now, I'm focusing on this mark as the major target for my purchase.
I see on the euro that the bulls are not coping, and I consider a breakthrough of the 1.1800 supports to be an inevitable event; I look forward to it today at the American session.
I could not miss this opportunity and jumped again on the move on the train.
Not only that, but I think a poke of at least 1.3900 can be expected with a high probability. Tomorrow is already. I don't presume to judge the further movement. Tomorrow is Friday, I will wait for the closing of the weekly candle and plan something already. Tomorrow they can either fight off one more time, or break through 1.39 and pull towards 1.40.
For the pound, the picture is pretty good, but again, it was necessary to close my purchases.
But I want to take a little more and pick up 1.39 as a minimum.
My false breakout worked very well. Roughly, it has already worked more than half, and at 1.39 will execute it.
So, we look forward to tomorrow and watch.
Today I share my trades are active still, but the GBP USD currency pair is coming back and losing some money.
I just noticed that three bullish patterns have been formed. I also expect an increase in quotations for this instrument. So, on Friday we see that the price is testing the local minimum for the third time, at the price of 1.18255, which was formed on Wednesday.
I hope the bulls will not give up either. In fact, if you look at the weekly chart, you can see how the upward movement is going from the 1.1660 mark and the horizons of the move are very impressive.
It turns out that after the downward movement of the price from the level of 1.1907, the upward impulses are only corrective.
The conditions for selling are at the moment much better than the conditions for buying. I expect a decline to the range of 1.1793, and a false breakout and further strengthening of the rate.
In older time-frames, there is still no good signal to sell, so it is likely that the rate may strengthen further in the medium term. It is interesting that volumes increased in the 1.3865 range.
The rate fell further, so there is a possibility that the rate will continue to decline. There are good buy stop orders below it. The price tag may approach these ranges soon.
So far, I am sending sterling to the north with a sense of accomplishment! I tried to bring some technical designs for your close attention. Pure support, resistance levels and nothing more. There is nothing you can do about me. I love to trade false breakouts! I could be wrong, of course, but I will work it out. The purpose of this composition will be to update the local maximum of the thirty-ninth floor with an application to go to the fortieth figure.
To be honest, last Friday, on the contrary, I bought 0.05 in volume. Or rather, she added, since there are already purchased, and I wrote about them. And again, the opinions of traders differ, so one of us will make money on this. Good morning and have a great day!
EUR / USD
The market closed under the cloud for me on all time-frames.
The hourly, four o'clock, and daily charts show a close from below and a rebound from the 1.1855 level discussed last week! The bulls did not have enough strength to make even a superior puncture of the 1.190 level, the buyers themselves retreated after dropping the quotes as high as possible by medium-term standards. There may be 2 conclusions. Either the bulls are not ready yet and will gather more strength, or no one is going to break above 1.190. I am leaning towards the second option, but from such throws, I understand it is impossible to set certain limits for the market. It will always go beyond them and shock the crowd from side to side. In our case, the level 1.190 resisted even very nice and could not let the bulls go further. The principal thing here is how easily they retreated by giving back the quotes to the bears. Absorption from level 1.
Yes, gold is now in limbo, but I think soon they will get out of this state.
The current contract began not so long ago, and he still has over two months to live, so we have many interesting things ahead of us.
I would like to point out right away that each direction has its conditions and only after I fulfilled them, it is possible to conclude transactions.
So far, gold takes some pressure from sellers, as over the past few days the dollar could strengthen, but according to analysts' forecasts, investors are in no hurry to “drain” gold.
According to the idea, I can expect a growth with a price update of $1838 per troy ounce.
So, I don’t think there’s any chance of going north again, even with the COT report.
It is necessary to wait for the exit from the balance, and I have already described the conditions above.
Asian region is stable nowadays because of the Afghanistan stability after the US withdrawal from the region. US unsuccessful withdrawal from Afghanistan put pressure on the stock market like US 500 index and others to move in the selling direction.
I take the pound and the EUR pair buying opportunity. I think the USD is showing weakness because of the new MU variant of the virus and geopolitical pressure of losing the war of Afghanistan. Investors are taking their money out from the USA to China and Russia to save their assets. So, I think this type of global reaction put US dollar under press and soon my EUR USD and GBP USD running trades are going in gigantic profit.
Someone has not shortlisted the pound for a long time. And the current situation is no exception. The clicked entry point still looms with an orange arrow, and since I have sworn to climb into any deals in the middle of the channel, this currency pair is ready to trade only from its borders — 1.3730–1.3890.
Well, that weekend flew by, as if it never happened. We need to introduce four days. There will be more recovery time. Once, though I can’t remember, I subtracted that daylight hours in hourly terms decreased by 14 hours, but I don’t remember from which date the calculation was. But in fact, the time, day, weeks, months, and years fly by so fast that you do not have time to feel it. Okay, now I would like to share my view on the currency pair —
GBP USD — I plan to trade in an uptrend if the layout is correct, although first I expect to hit the lows, which is about 50-70 points and only then growth.
As for the euro and the yen, I am not planning to buy, and I am not planning to open deals as the picture is still cloudy. But the euro against the dollar continues to slide to the south, then here we may well get a good throw-in to the south, there even the bases of the 129 figure may well be reached. But with an upward movement, buyers have nothing to do with it.
Greetings, I also bought this instrument, I thought why not share the logic. So, on the one-minute chart, we see that the price has broken through price levels, where I took two large aggregated trades.
I decided that this would be an excellent target, and there it will be necessary to look. The value goes to the breakdown of the control point, then you can try to hold the deal further. The breakout does not go, then you will have to go out with handles so as not to lose profit.
Let's see, of course, how it goes further, but I wrote in a break post that this could be a reason for flying to 1.38700. It will not be bad to close some purchases there or wait for a breakdown of 1.39.
But so far, the situation in terms of pounds is quite normal and readable. If from the current breakout, the level of 1.37880, then it will be a total failure and my call will not go.
I think to see an overcome up to the level of 1.1850 -1.1870 at least, and then we can continue to fall. There is also an option according to which the pair, after the current rebound, will give another down and go into vigorous growth to 1.1950-1.20 minimum. I will not buy anymore, evening is approaching and today is a day off in the USA. I do not expect strong valence. Tomorrow there will be all the movement.
This is a curious situation. I also noticed in the morning that the price did not go down for gold, unlike other instruments, say the euro, and the same pound for silver. I do not speak. Is it possible to consider that gold correlates with the euro or the pound, I have already asked this question and concluded that gold is a separate instrument? It happens when there is a direct correlation, but this is not always the case. I still have long positions on gold, which have been open since Friday, but I don’t know what to do with this yet. I want to avoid going out in the red, and the increase in quotations is already in question. The only good news is that the price did not go below the balance, but only a false breakout of the level of 1785.1 for next trade.
Today in the morning I closed the gold Trades. I take the entry from the 1783 area and the total lot size is 0.25. This is a bigger lot size that gives me a considerable profit above 300 dollars. Taking the buying opportunity is the support level of 1780. The gold market keeps its stability above the support, so I decided that buying gold is the best way to earn money in case of moving in trend. So, I am successful and earn some money that is enough for the growth of the account.
I tell you that my EUR USD and the GBP USD currency pair position are still open. These lots are running in overall losses. When these losses turn into profit, on that day I can make the withdrawal from the bonus account.
The euro-dollar went to 1.1840 for them. But it will be possible to pass above this mark and gain a foothold, then I will support you on the account of buying a currency pair. I think now to add sales with the target of 1.1760,-55. The news has worked out. Now it would be time to go south again and collect long-standing debts there.
Today is the second day after the futures expiration and if yesterday they showed a low. Today they are rushing to go to the top, since tomorrow all positions of the last quarter will be closed. We will see a range in which they will place money at least until the end of the month to trade until the end of the year.
Therefore, I continue to gain sales, since I do not wait above 3930-40 and the lower classes in the 37th did not.
Right or wrong, up to 1.3908 level, resist on this initial reaction to the release of news from the US. These are the bad guys! Swung up 110 pips from yesterday's low. They drove up to collect stops in sales. Yes, even today, they were piled positive from England in the morning. In short, everything was on the subject.
Last edited by Anatoli Damien; 15-09-2021 at 04:34 AM.
Today I tell you I close the deals of GBP USD currency pair. This trade is open for four days, so I sold the deal in profit of 100 dollars. The only speculation for closing the trade is to take entry into other pairs. I think now the time is to take the withdrawal from my bonus account. I am going to close all the deals soon. The reason for taking the buying opportunity on the pound is holding above the support level of 1.3700 for many weeks. Overall, we look at the weekly time frame chart, 1.3700 is the major support level. The market is trading above the moving average of 50 exponential. So, when I take the withdrawal, then I take the Buy entry of GBP USD again because my targets are above the 1.4200 level.
The pound showed an interesting move yesterday — and gave part of the purchases to close and sell. I thought for a very long time to sell or not from the level since I am expecting the pound in fact to the area of 1.40 and above, — I looked first at the Canadian, then at the British. But they gave me time to think, and I still sold, though with the third part of the usual lot. For a pound, how long can this go on? As soon as possible, they would have already given the lower limit of the week and floated up without such rollbacks.
My trades of EUR USD are still open and give me running losses of overall 100 dollars. But these are bigger entries, so these losses are negotiable in terms of price movement. If you look at the positions of large speculators, they have been gaining shorts all summer long.
These comrades trade with the trend, so we can assume that a downside exit is more likely in the long term. But at the moment, of course, they can throw the price into the region of $1.1950.
If the level of 129.03 breaks downward, the next obstacle for the pair will be level 128.70, from which I expect growth.
Today, I close the USD JPY trade opportunity for 174 dollars' profit. Overall, I take this opportunity because of the gold market. The gold market yesterday broke the support level of 1780 and trading below that area and also the 1758 level and closes the daily candle below that area. This is the reason I take the Buy trade on the USD JPY currency pair to make some money.
So, I take some withdrawal of 24 dollars that I received in my skill wallet. Overall, this is the best withdrawal that I get in only 5 minutes.
My EUR JPY trade is still running in loss. I take the buying entry from the level of 1.2980, but the market gives me losses and test the basic support level at 129.00. Now I expect that EUR JPY may come in profit in the next week.
Assessing the situation for the pound/dollar pair at the moment. That the bears screwed up a bit, since during the decline they could not reach the test of the round level of 1.3800, as planned in the previous forecast. Although they did not reach quite a bit, nevertheless, the goal remained unattained, so the tasks did not complete.
Now the quotes of the pair are growing again, and the last four-hour candle was bearish, repainted into bullish. Therefore, I expect MA 55 to bounce down and still reach the test of the round level of 1.3800. All the same, you need to perform tasks.
At the moment, I locked us in a narrowing triangle, and now we are almost in the middle — not the best time to trade. I will look out for purchases from the lower border or if we push off the blue trend line upwards.
I respect that not every trader can analyze his mistakes for so many years.
I analyzed my mistakes only in trading, and then a maximum of a couple of months, even a year, was not enough, and then I gave up this business altogether. But this was not the worst decision, since I gained experience draining a couple of hundred deposits. Well, that's about me. I didn't count how much it turned out, but I don't even think about counting it.
First, I would like to draw our attention to the ratio of buyers and sellers for the EUR / USD pair. We see that the crowd of traders sold together, which means there is a high probability that the major players will continue pushing the pair down.
Now, while I am considering a price decline towards the support of 1.1600, I have been waiting for a decline to this price for a long time. If it breaks through 1.1600, then the next target for the euro will be 1.1457.
I covered my purchases for the euro, and now I'm looking for new purchases. One has already opened several more orders at and near the support at 1.1730. The calculation is still the same, and upward reversal toward 1.1800 for the beginning and further to 1.1880.
I opened a sale, while I keep hoping to catch 80-100pp toward support at 1.3730. I remember last month the price kept close to this mark. But there are still doubts as it may return to 1.38.
I continue to consider the instrument according to the trend. We beat off the high of the 5th bar at 1.3807 yesterday. There was an attempt to buy from it, but we broke through the level and merged. I don’t know what your colleagues are there, but I will not change my opinion until we have worked out the goal of at least 1.36 and maybe 1.35 and further.
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