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fyang8
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fyang8
EUR/USD
in
Experienced Traders
Aug 06, 2017 at 06:15
Euro is approaching 50 MA on H4. Now it's at 25 MA. I think this presents fresh buying opportunities. Nevertheless, I'm already in the trade. I will only add when it reaches 1.21.
GBP/USD daily outlook
in
Experienced Traders
Aug 03, 2017 at 06:52
GBP/USD Charts H1 and H4 both look stretched. A correction appears on the way. That Pound is going up is mainly because the Euro is up and pulling up Pound. Last year this time Pound is roughly traded at the same level, and BOE cut rate and announced more asset purchasing and Pound collapsed. This year many people bet on a BOE hike, which appears unrealistic. BOE is likely going to disappoint. I'm considering to take a bet and put on a small short GBP position before the BOE events, though this carries great risks. If USD looks too much stretched, then Euro might be a good counter part. It...
EUR/USD
in
Experienced Traders
Aug 03, 2017 at 06:36
Nevertheless, now on my chart I see the price goes up each time after touching 20 or 25 or 50 or 60 MA's. This tells me the big institutions are probably buying the dips now. If that's what they are doing, why not do the same? Remember in the summer of 2014, how many people tried to range-trade, betting on a rebound but never got it and got wiped out instead. I joined at 1.18, I will move my stoploss to break even when it's 1.20, and buy more when it reaches 1.21 and move my stop loss to 1.196.
EUR/USD
in
Experienced Traders
Aug 03, 2017 at 06:34
That's why I decided to join the big money. Because I was a doubter, I entered too late. Anyway, that's a small position, only 0.2% of my total capital is risked. It won't hurt my capital too much if I am so unlucky that I joined the party at the peak.
EUR/USD
in
Experienced Traders
Aug 03, 2017 at 06:33
The big money says "buy, buy and buy more." They buy high and aim to sell higher. They have no fear because this has long been a free trade for them. They started small and build on it little by little to very big positions. The average entry price of the big money should be much lower, so they don't care about some slight pull back. They simply move the stoplosses above their average entry prices. For those shallow pullbacks we have so far, it would not harm their position. If anything, it will only give them chances to buy more. Those big institutions use fundamental analysis a...
EUR/USD
in
Experienced Traders
Aug 03, 2017 at 06:33
If you check it here, so many people here are still shorting it. The average is 1.1340. A few days ago, it was 1.12 something. http://www.myfxbook.com/community/outlookThose guys got wiped out one by one.
EUR/USD
in
Experienced Traders
Aug 03, 2017 at 06:32
There is only 1 direction NOW: Up!
EUR/USD
in
Experienced Traders
Aug 01, 2017 at 06:37
Entry: buy limit @ 1.18Target: 1.25 (6 % return)Stop: 1.156 (2% risk)risk reward ratio : 1 to 3.position size: 2% of total capital (5 times leveraged, i.e. 10% of deposited capital).If it goes wrong, the loss will be 0.2% of total deposited capital. If it goes well, there will be plenty of chances to add during the appreciation, then the gain will be more than 6% (0.6% of total account).So the effective risk reward ratio will be more less than 1:3, probably 1:5. Safe trading out there!
EUR/USD
in
Experienced Traders
Aug 01, 2017 at 06:36
For those doubters, look at the chart of 2002. See what happened since 2002-02, when the replacement of different national currencies by the Euro was officially concluded. Compare the charts with now! Don't be afraid to imagine big! At the beginning of this year, who could have thought the euro could reach today's level?
EUR/USD
in
Experienced Traders
Aug 01, 2017 at 06:36
Actually, when it becomes vertical, the acceleration will be more than linear. So, if there is another buying wave or profit-taking from those who shorted at the 1.3 - 1.4 levels, then it could become vertical, escaping the gravity to the moon. If that happens, then 1.25 could be reached next week.
EUR/USD
in
Experienced Traders
Aug 01, 2017 at 06:36
By this rising rate, tomorrow it will be 1.19, and the day after tomorrow it will be 1.20, and by Friday next week, it will already reach 1.22. Let's go euro! Close many of the gaps you left in the 2014 decline!
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