Thursday, August 6, 2020

🇺🇸 Your Guide to Trading Tomorrow’s U.S. NFP Report | “Why are Some Traders Obsessed With Scalping?”

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
August 6, 2020
Trading opportunities on EUR/USD and GBP/AUD
It’s all about European currencies on today’s canvas, as we play around with a range trade on EUR/USD and a possible long-term reversal on GBP/AUD. Check it!
"What is the obsession with scalping?"
Forum member Jbrad94 writes, "I don’t get it. Why would you want to be staring at a screen all day? It seems that the majority of people losing are in a mentality where everything’s a rush."
Trade Idea: USD/JPY downtrend pullback
Aside from his GBP/USD trade, Pipcrawler's taking another shot on his USD short bias with this trend retracement setup on USD/JPY. Here's what he'll be doing.
MarketMilk's Euro Power Trader Watchlist

MarketMilk™ now has a euro-specific watchlist! From major currencies to exotic ones, as long as they're paired with the euro, you'll find them all here in just one page. Take a look:

Trading tomorrow's U.S. NFP report

In an interview this week, Trump hinted that we’ll see “big job numbers” this Friday. Thinking of trading the release? Here are the points you need to know first!

Trading today? Read this first.

Pip Diddy's checking out the range pattern on EUR/USD ahead of a potentially busy ending of the week with U.S. jobs data ahead. 

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