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  • #14,161
  • Aug 1, 2023 9:43am Aug 1, 2023 9:43am
Quoting TheWraith
{quote} Since nobody explained to you how news in FX work, then I'll explain. During the release of High-Impact News, big banks are catching SL's from us (retail traders) and it doesn't matter if news were good or bad. Big banks decide where to push the price and news are just noise. So no, news being good for USD or not doesn't matter! Sooner you realize this the better! This is why you shouldn't have any trades open during the news, because this is when big banks push the price violently wherever they want, despite if news were good or bad. Stop...

i agree with you man, i try to avoid news. 1 day before monthly closure and 1 day after monthly open candle.
Trading is very lonely
  • #14,162
  • Aug 1, 2023 9:46am Aug 1, 2023 9:46am
one thing i learn now after blowing so many accounts. never to trust asian IBs (introducing brokers)

they trade nonsense, martingale with dozens of layers.

plus after 2 years, i think i fail a lot and learn a lot from the charts. So im no longer interested in followin any signals
Trading is very lonely
  • #14,163
  • Aug 1, 2023 9:48am Aug 1, 2023 9:48am
Quoting TheWraith
{quote} Since nobody explained to you how news in FX work, then I'll explain. During the release of High-Impact News, big banks are catching SL's from us (retail traders) and it doesn't matter if news were good or bad. Big banks decide where to push the price and news are just noise. So no, news being good for USD or not doesn't matter! Sooner you realize this the better! This is why you shouldn't have any trades open during the news, because this is when big banks push the price violently wherever they want, despite if news were good or bad. Stop...
what is this.. don't make me laugh.. you got 4 likes also.. omg.. now I know. In this forum have lots of innocent.
Everything, what's meant to be will find its way
  • #14,164
  • Aug 1, 2023 9:49am Aug 1, 2023 9:49am
is it going to recover from here. anybody can help with that ?
  • #14,165
  • Aug 1, 2023 9:50am Aug 1, 2023 9:50am
quote=Purdonious;14519146]Shorted last night at 1967.89. Took partial profit a few minutes ago. Will TP prior to the US news, then maybe look for a re-entry?[/quote]


Back again with re-entry long @ 1945.31 & 1945.96 after TP @ 1945.96.
  • #14,166
  • Aug 1, 2023 10:01am Aug 1, 2023 10:01am
At this point I’ve gotten used to the entertainer on the thread.

Anyway, tempted to go long to go short again but I think I’ll wait for more clearer price action, maybe enter Tokyo tomorrow.
  • #14,167
  • Aug 1, 2023 10:09am Aug 1, 2023 10:09am
Quoting Srnz7
Seriously like wtf? Negative news for dollar and yet usdx goes up while gold falls down? What type of madness is this even after high impact news do they need a little more time to react according to the news or what? It hit my sl and flew away like why does it have to happen to me everytime
you got to get your mind right
Inserted Video


forget everything you learned, read and especially heard from shitheads on youtube your parents started lying to you when you were two years old about santa claus and people still lying to ypou now LOL

if the crap people learned was true 95% of traders wouldnt lose their accounts

economy pivoting away from inflation and rate hikes to a soft landing which is still good for the dollar...not to mention all the hier timeframes are bearish and the ONLY reason we're this high is because of the asian dollar selling the past 3 weeks
short trump and go long the deepstate
  • #14,168
  • Aug 1, 2023 10:15am Aug 1, 2023 10:15am
Quoting Zebi
im looking to short

this is the second or third time i made this post and will be my last.... ignore the forcast numbers they are pure fantasy ...try and find a chart or graph of past actual numbers and make your decisions from that....this chart shows hint of soft landing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-08-01 100624.png Size: 25 KB
short trump and go long the deepstate
  • #14,169
  • Aug 1, 2023 10:26am Aug 1, 2023 10:26am
Quoting Tabish-Sidhu
is it going to recover from here. anybody can help with that ?
Of course it will. But when? no one knows that. it can take retracement from here or from 1930-40 area. Will definitely go to 1960-1965 area. Beyond that, i am not sure at the moment.
  • #14,170
  • Aug 1, 2023 10:30am Aug 1, 2023 10:30am
Quoting Tabish-Sidhu
is it going to recover from here. anybody can help with that ?
Mostly, price should rally to mid 50s maybe 60 even. All timeframes are signaling bearish. Best to sit out this session. Trade safe
  • #14,171
  • Edited 11:02am Aug 1, 2023 10:33am | Edited 11:02am
for people that dont know about PMI you should learn what the hell it is and how its used....a hier number is good for the currency and as you can see from the numbers todays pmi was hier than the actual last one....thats all that matters...never mind the forcast number...someone pulled that out of his ass anyone that makes trades off of forcast numbersw gona stay a loser
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-08-01 103238.png Size: 37 KB
short trump and go long the deepstate
  • #14,172
  • Aug 1, 2023 10:46am Aug 1, 2023 10:46am
thats it for me...im goin to hang out with my fellow ursus brothers at the feeding hole...theyre better company


Inserted Video
short trump and go long the deepstate
  • #14,173
  • Aug 1, 2023 10:51am Aug 1, 2023 10:51am
i saw a few friend buying when looking at the negative data by usd.

yet it is still falling
Trading is very lonely
  • #14,174
  • Aug 1, 2023 10:54am Aug 1, 2023 10:54am
Quoting Zebi
for people that dont know about PMI you should learn what the hell it is and how its used....a hier number is good for the currency and as you can see from the numbers todays pmi was hier than the actual last one....thats all that matters...anyone that makes trades off of forcast numbersw gona stay a loser {image}

Probably data didn’t changed their plan of selling.
  • #14,175
  • Aug 1, 2023 11:07am Aug 1, 2023 11:07am
Quoting Gold.isgold
Gold will close Today (1.August 2023) at 1994. Spike to 2007 is expected
lol....
Trading is very lonely
  • #14,176
  • Aug 1, 2023 11:12am Aug 1, 2023 11:12am
luks like its struggling to go either side. But iam still thinking its going for 1938 to 1930 range.
  • #14,177
  • Aug 1, 2023 11:18am Aug 1, 2023 11:18am
1937-38 going to reject..
Everything, what's meant to be will find its way
  • #14,178
  • Aug 1, 2023 11:21am Aug 1, 2023 11:21am
Quoting saisadhan
luks like its struggling to go either side. But iam still thinking its going for 1938 to 1930 range.
Price needs to close below 1942.50. Valid close can be 1H TF and above. If it happened then the next possible targets can become 1933,1929,1924.I may be wrong.Trade safe
  • #14,179
  • Aug 1, 2023 11:29am Aug 1, 2023 11:29am
The 30 mins RSI is too oversold. It should retrace back to 1951-1952. Please give me some views about it.
  • #14,180
  • Aug 1, 2023 11:29am Aug 1, 2023 11:29am
Quoting luckytujuh
{quote} lol....
Lou Vincii Code
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