Thread: Scandinavian currencies

Scandinavian currencies

prices reached double top daily level, chart 15M


book some, leaving this open if l can, think it will go 5.9300 area

booked most


secured

Originally Posted by root-minus

booked most


secured

Hey root-minus! Is there a currency pair that you don't trade? You trade a wide variety of pairs!

Originally Posted by Gregory McLeod

Hey root-minus! Is there a currency pair that you don't trade? You trade a wide variety of pairs!

Good day to you Gregory, yes it appears like that, most of my day l spend scanning markets for setups, rather than viewing majors etc. I find that restricting yourself to what the herd do is just that, part of the herd. I don't see the market in segments, l see it as one whole correlation


just bought EG and FTSE for scalp

Originally Posted by root-minus

Good day to you Gregory, yes it appears like that, most of my day l spend scanning markets for setups, rather than viewing majors etc. I find that restricting yourself to what the herd do is just that, part of the herd. I don't see the market in segments, l see it as one whole correlation


just bought EG and FTSE for scalp

Hello Root-Minus- that is a great way of looking at the market as one big correlated organism as opposed to a more segmented view.

Originally Posted by bobamba

Do you recommend the Scandinavian pairs for newbies as well?

Hello bobamba. I recommend that whatever pair you first start with that you first get extremely familiar with that pair before moving on to others. As you become familiar with its moves, you will find that it goes through lulls or "dead" periods and so you will need to move into other pairs.

Originally Posted by Gregory McLeod

Hello Root-Minus- that is a great way of looking at the market as one big correlated organism as opposed to a more segmented view.

Good day to you Gregory

yes, l have often found that many fx traders get blind sided if they dont pay attention to indices and other factors, so viewing the market as a whole l find it makes more market sense although its alot more work, but makes more market sense

that is a great way of looking at the market as one big correlated organism as opposed to a more segmented view.

USD/SEK Could Rebound from Extreme Oversold Conditions before Resuming Decline-
What are your views of this pair? Agree? Disagree? Anybody trade this pair?

Originally Posted by Gregory McLeod

USD/SEK Could Rebound from Extreme Oversold Conditions before Resuming Decline-
What are your views of this pair? Agree? Disagree? Anybody trade this pair?

Inverted Head and Shoulders in USD/SEK 60M Chart Breakout- USD/SEK moves up during a risk off rally as the Swedish stock market is heavily weighted toward technology. Rising interest rates hurt technology stocks disproportionately money to flee to defensive stocks and bonds.

USD/DKK 60 Minute Trend Line Break Currently at 5.9832 Could Push to 6.0494

Do you trade the 'Scandies'? Yes the spread is higher but the pip value is smaller. Currencies with wider spreads usually move faster and are more volatile because of the thin liquidity. However, trading them during the European session insures that you have the most liquidity available.

Hi guys
yes, l have often found that many fx traders get blind sided if they dont pay attention to indices and other factors, so viewing the market as a whole l find it makes more market sense although its alot more work, but makes more market sense
_____________________
laptops

Originally Posted by Gregory McLeod

Inverted Head and Shoulders in USD/SEK 60M Chart Breakout- USD/SEK moves up during a risk off rally as the Swedish stock market is heavily weighted toward technology. Rising interest rates hurt technology stocks disproportionately money to flee to defensive stocks and bonds.

first fade usd/sek 6.72000 adding downside at 6.73100


targeting 6.64100




add sell triggered 6.73100

Originally Posted by divided@zero

first fade usd/sek 6.72000 adding downside at 6.73100


targeting 6.64100




add sell triggered 6.73100

earlier sells out


trigger at 6.73100 - stop to entry