Forex Cryptocurrency General Chit Chat Thread 2019

[Mr. Wood]

next lvl 0.8185

 

[Mr. Wood]

I think he tio ban 9696.

Should we start a new thread? Like ' '21 Macro traders. G10 FX/Index/Interest Rates/Commods'

or juz ask mod to change title.
still learning abt interests rate effect on fx. hope to learn more frm yall.

kana 4D oso not so easy as kana ban

 

[Mr. Wood]

ready to short when rsi turns down or on good bear candle. TP when rsi turns up.

 

[DevilPlate]

This USD weakness is quite scary. IMHO, we are at the limit of this USD weakness.

Maybe after CNY we will see an all out revenge attack on USD.

The country calling everyone else a currency manipulator is doing the manipulating themselves.

https://en.wikipedia.org/wiki/Currency_manipulator

Meaning you are guessing USD will plunge against SGD in near future?

I am thinking of converting some sgd to usd now lo.

 

[Mr. Wood]

Meaning you are guessing USD will plunge against SGD in near future?

I am thinking of converting some sgd to usd now lo.

yesh, dats wht i doing. change usd to fund accnt.

 

[Mr. Wood]

This USD weakness is quite scary. IMHO, we are at the limit of this USD weakness.

Maybe after CNY we will see an all out revenge attack on USD.

The country calling everyone else a currency manipulator is doing the manipulating themselves.

https://en.wikipedia.org/wiki/Currency_manipulator

but dunno how much more they can QE.
i think US companies reporting good earnings will be key. FED cannot keep the rates low on inflation. den will hav buying interests in USD.

I guess USD+ SGD-. SGD a bit strong now IMO. 1.33 is giving a lot of towkays pain.

Can change a bit first. If reach 1.2x or 1.36-7 then change a bit more.

Disclaimer: I've retired from the game. Was a pro before.

pro siol prop trader?

 

[DevilPlate]

yesh, dats wht i doing. change usd to fund accnt.

Nice, guess will do that as well...

I am betting that the current low is almost the bottom liao in the next few years.

Don't believe usd will ever drop to 1 in my lifetime haha.

 

[Mr. Wood]

Currency pair of the week: XAU/USD (Gold)
January 11, 2021 10:14 PM

XAU/USD has been moving lower in a downward sloping channel since putting in all-time highs on August 7th. It had reached the 50% retracement of the March 19th low to the August 7th high on December 1st , near 1763. Price held the bottom trendline of the downward sloping channel and bounced.

Light news day for the markets. Will the US Dollar continue higher?
January 12, 2021 4:21 AM

EUR/USD is moving opposite the DXY. The pair broke lower below an ascending channel on Friday and continues to move lower. The target for the breakdown of an ascending wedge is a full 100% retracement. EUR/USD has already retraced below the 61.8% Fibonacci level from the wedge lows to highs and is stalling just below it. The RSI hit the 30 level and bounced. The latest bar on the 240-minute timeframe is a bullish engulfing candlestick, so a bounce would not be out of the question. If EUR/USD could remain below 1.2200, the RSI will have time to unwind and the pair could move lower. 1.2125 is the next of support before retracing the entire wedge down to 1.2058, where buyers would be looking to step in. Above 1.2200, resistance is at 1.2213 and 1.2283. Watch for sellers in front of Wednesday’s highs of 1.2350.

 

[Mr. Wood]

yestday satay stick not much meat.
look to long if close above

 

[Mr. Wood]

US Dollar and related pairs at key levels ahead Biden and Powell: DXY, EUR/USD, NZD/USD
January 14, 2021 1:32 AM

Expectations are for “trillions” of dollars in recovery aid

DXY

On Monday, we discussed the possibility the US Dollar Index heading up towards 91.50/92.00 as the RSI turned lower and price appeared to be biding its time before the next move higher. On a 240-minute timeframe, price pulled back towards 90.00, filling the weekend gap and creating a flag formation. Price may be ready to break out. The target for a flag pattern is the length of the flagpole added to the breakout point. In this case the target is near 91.35. If price breaks out of the flag, it must first get through horizontal resistance near 91.00 and 91.25. If the DXY fails to move higher out of the flag pattern, support is at todays lows of 89.93 before last week’s lows at 89.20.

 

[Crossbow Hunter]

US Dollar and related pairs at key levels ahead Biden and Powell: DXY, EUR/USD, NZD/USD
January 14, 2021 1:32 AM

Your two quotes abit don't match leh. One say USD gonna rise, one say alot of USD gonna be flooded into market.

 

[Mr. Wood]

yestday satay stick not much meat.
look to long if close above

buy price not triggered. now see if can short

 

[Crossbow Hunter]

buy price not triggered. now see if can short

I on sidelines at the moment.

Current outlook: Will not sell below 1850, will not buy above 1840.

 

[Mr. Wood]

Your two quotes abit don't match leh. One say USD gonna rise, one say alot of USD gonna be flooded into market.

diff timeframe mayb. short term can bounce. more interest in US equities, bonds from overseas.
but think longer term still down.

 

[Mr. Wood]

I on sidelines at the moment.

Current outlook: Will not sell below 1850, will not buy above 1840.

i opposite.
if close abv 1860 can long. if close below 1820 can short. but of coz still must see the candle pattern.

 

[Mr. Wood]

trading is lidis one. can up can down.

 

[Crossbow Hunter]

I thinking of starting a thread whereby I give weekly outlooks, what do you think?

My post will be something like:

GBP/USD, Friday closing price: XXX.
Outlook for the week, ie. expected Friday closing price: bullish/bearish.

 

[Mr. Wood]

I thinking of starting a thread whereby I give weekly outlooks, what do you think?

My post will be something like:

GBP/USD, Friday closing price: XXX.
Outlook for the week, ie. expected Friday closing price: bullish/bearish.

sounds interesting.
but here will be boring again.

 

[Crossbow Hunter]

sounds interesting.
but here will be boring again.

I double post lor...

What's the diff anyway? Here only two of us...the thread still stuck at 2019...

 

[Crossbow Hunter]

i opposite.
if close abv 1860 can long. if close below 1820 can short. but of coz still must see the candle pattern.

I think you got me wrong...What I meant is if I wanna go long, I won't enter with a buy price above 1840..and vice versa...

Paiseh, my England not so good..