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CactusFund commented May 6, 2019I am really looking foward to the RBA announcement, I feel there hasn't been a clear direction given by a central bank for a while and the RBA (and RBNZ) will give a framework for me to start positioning myself
RBA Preview: Knife-edge decision
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CactusFund replied May 2, 2019Promising EA, is there an up to date MyFxBook link? The one on the first page is not working
Success with Martingale & Hedge - Possible?
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CactusFund replied May 2, 2019Just to add to this narrative, this chart really tells the story of the relationship between WTI and Brent (this dailyFx article explains the differences if you are not aware). image As of writing this both Brent and WTI are bearish and Brent ...
WTI Crude Oil Trading
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CactusFund replied Apr 26, 2019Funny. But jokes aside my 'feelings' (or biases) are based upon theoretical reasoning and price action merely confirms if it is practical. Price action alone gives more room for subjective biases hence the need for catalysts. I don't feel I need a ...
EURUSD only
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CactusFund replied Apr 26, 2019The situation with South Korea reporting weak GDP during the Asian session will lean a bias towards risk on in the markets giving strength to the USD over the EUR but whether this will be enough to force a decent move, I do not know
EURUSD only
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CactusFund replied Apr 26, 2019Like I said, not anytime soon. I have a feeling next week may provide a decent catalyst to see EU push to the upside
EURUSD only
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CactusFund replied Apr 24, 2019I wouldn't be buying the EUR anytime soon, especially against the USD. This week the Fed said they were not going to cut rates and the German IFO came out weak, so clearly these are not great conditions to buy the EU. But if I wanted to buy the EU I ...
EURUSD only
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CactusFund replied Apr 22, 2019I doubt that smart money is solely looking at the 30s to give them a signal to enter a trade, this chart pattern is just a temporary representation of market conditions as they stand for now until they change
Daily Trading Ideas