Pound capitulation! [Advanced]
Hi I don't usually show FX volume but here I think it's maybe interesting.
Same with Oanda:
Not with futures thought:
Majority of retail noobs are long which I don't like but makes sense I guess.
Always trying to fight the trend...
I guess maybe expect them to close once the price gets close to breakeven?
And price would hesitate. I don't see a reason for whales to pour money in, not at the moment.
fxssi.com/tools/current-ratio?filter=GBP...
Maybe we are in the area where their stops are getting hit.
My opinion on the dollar is it is looking scammy, pretty sure I saw way more parabola-drop down slightly- then sharp rally new high - then crash than continue up.
Supply & demand doesn't even matter in this ponzi but when the FED print 900 trillions "exceptionally" "c'mon guys there was a pandemic we have to help people in need" why would the dollar keep going up? FED meeting in a few hours, going to be fun. Already zero rates and more.
YES I am taking a trade ahead of a central bank meeting.
Gambling this ponzi goes boom, and even if it does not I expect a reversal to be likely.
Damn I'm sorry price is rallying as I type and try to put my mind into clear words...
Well depending on where you enter the stop strategy differs a bit.
If it did bounce quite a bit then it would be a momentum (but not trend following yet) strategy rather there.
What is magical here is rates got cut and magical monopoly money was printed ahead of meeting, and I don't think it's been priced in with stonks down down down and dollar up up up (or without the printing it would have gone up even more maybe?).
Money printer goes brr brr brr.
Same with Oanda:
Not with futures thought:
Majority of retail noobs are long which I don't like but makes sense I guess.
Always trying to fight the trend...
I guess maybe expect them to close once the price gets close to breakeven?
And price would hesitate. I don't see a reason for whales to pour money in, not at the moment.
fxssi.com/tools/current-ratio?filter=GBP...
Maybe we are in the area where their stops are getting hit.
My opinion on the dollar is it is looking scammy, pretty sure I saw way more parabola-drop down slightly- then sharp rally new high - then crash than continue up.
Supply & demand doesn't even matter in this ponzi but when the FED print 900 trillions "exceptionally" "c'mon guys there was a pandemic we have to help people in need" why would the dollar keep going up? FED meeting in a few hours, going to be fun. Already zero rates and more.
YES I am taking a trade ahead of a central bank meeting.
Gambling this ponzi goes boom, and even if it does not I expect a reversal to be likely.
Damn I'm sorry price is rallying as I type and try to put my mind into clear words...
Well depending on where you enter the stop strategy differs a bit.
If it did bounce quite a bit then it would be a momentum (but not trend following yet) strategy rather there.
What is magical here is rates got cut and magical monopoly money was printed ahead of meeting, and I don't think it's been priced in with stonks down down down and dollar up up up (or without the printing it would have gone up even more maybe?).
Money printer goes brr brr brr.
Trade ativo:
Here we go
Trade fechado: stop atingido:
Unlucky
Trade ativo:
Just short it and stay in while it falls
This is brutal...
Man I don't want to adapt my gameplay to those market conditions, and why must forex be so affected...
I just wanted to continue my slow and steady no big move approach for a while...