Thread: Discuss all about FX open

Originally Posted by primarylogic

I think U/J will be down soon, E/J seems storng continue now.
E/J maybe to test 168.9 of July 2007.

are you think EJ would touch 169.xx ?

Originally Posted by Alizain

are you think EJ would touch 169.xx ?

I am 100% sure it will touch it. I just don't know when :)

Originally Posted by ptaczek

I am 100% sure it will touch it. I just don't know when :)

yup, you are 100 % right :)

EJ has ever touch 169, so it will touch that level again is possible.
we don't know the future, but we can look from history :)

for swing trades, set SL for 100 pips is good or not for money management ?

Lack of market direction, USD will continue to be strong?

How do you think?

Fed Leaves Rates Unchanged, Fails to Surprise the Market

The Federal Reserve is getting ready to raise interest rates but a rate hike is not imminent. For the first time since August, the central bank has left rates unchanged at 2 percent. Although the FOMC statement is hawkish, the US dollar has failed to react because currency traders were looking for more. They wanted reassurance that a rate hike was around the corner, but what they got was the minimum that dollar bulls were looking for. It wasn’t enough to send the dollar higher or to take it dramatically lower.
The central bank hopes that slower growth will ease inflationary pressures, but if that does not happen by the August 5th FOMC meeting, they will have to raise rates in September. Between now and then, there are 2 non-farm payroll reports and multiple inflation reports due for release, giving us a much better sense of how bad the US economy is faring and whether consumers and businesses can handle an interest rate hike.

As much as Fed officials will hate to admit it, oil is currently determining Fed policy. If they want to take inflation into their own hands, what they need to do is to raise interest rates, which will strengthen the dollar and weaken oil prices.

i think many ppls who is decission maker at FED know the better plan to get stabilize US economics, but for oil price i think we must try to follow any news from OPEC.

btw : anyone know where to get update of news from OPEC ?

Short E/U to next Tuesday

E/U H4 Chart

Target ? i dont konw:D

hmm.. if you don't know the target, when you in floating profits condition, better to use "trailing stop" :)

Originally Posted by Alizain

hmm.. if you don't know the target, when you in floating profits condition, better to use "trailing stop" :)

E/U H1 is in the 5th wave and didn't finish now. So, I dont konw what's target it will drop down.
And then will a b c wave, we should short it at b wave.

About target:
yes, "trailing stop" is a better way,or user fibo.
Important, we shoud close at next Tuesday, cant over Wednesday， this is very important.

Godd luck! Trafers!

short GBPUSD now , the price is 1.9946

hi all !

are you sure would short ? USD look still weaken, i feel we still have chance to long or hold to long at EU and GU.---> just my opinion.