{quote} maybe 1740 ...more than that I really don't knowAta is looking for 1782, let's have hope!
- 1.1737
- 1.1777
- 1.1782
Stay Green
Focus only on what truly matters!
- #23,141
- May 25, 2018 3:49am May 25, 2018 3:49am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts | Online Now
- #23,142
- May 25, 2018 3:54am May 25, 2018 3:54am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} The closer we come to end of May price can do crazy things where even 1.1880 is possible.. but let's go step by step, as long as 1.1705 supports I expect: 1.1737 1.1777 1.1782 Stay Green
(as planned few hours earlier)
Member
- #23,144
- May 25, 2018 4:02am May 25, 2018 4:02am
- Joined Sep 2013 | Status: Trader | 1,209 Posts
Anybody think of shorting this spike ?
- #23,147
- May 25, 2018 4:37am May 25, 2018 4:37am
- Joined Sep 2013 | Status: Trader | 1,209 Posts
Anybody think of shorting this spike ?
- #23,150
- Edited 5:00am May 25, 2018 4:49am | Edited 5:00am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
any idea why EUR is so stagnant? I am getting nervous now. why isnt moving?
The USD is slowly selling off, but not against the Euro.
Currently money flows from USD into JPY and (slowly) CHF. (and others), but not into Euro.
Also, the Euro is selling off into JPY (and others)
When the USD is neutral/weak, and EUR is neutral/weak, the EUR/USD pair can not move.
No currencie trader is interested in trading a stagnant market. If you are serious about trading currencies, you must follow the Volatility.
On an intraday basis, you can check the strength/weakness of the major currencies here -> https://finviz.com/forex.ashx
Always trade Stroing vs Weak, never anything else.
Go with the (money)flow. We are currencie traders, not "Single Market traders". (iif you are, good luck), and Volatility is your best friend.
I hope this answers your question
you are not expected to understand this
- #23,152
- May 25, 2018 4:58am May 25, 2018 4:58am
{quote} It is stagnant because there is no moneyflow from USD into Euro. The USD is slowly selling off, but not against the Euro. Currently money flows from USD into JPY and (slowly) CHF. (and others), but not into Euro. Also, the Euro is selling off into JPY (and others) When the USD is neutral/weak, and EUR is neutral/weak, the EUR/USD pair can not move. No currencie trader is interested in trading a stagnant market. If you are serious abot trading currencies, you must follow the Volatility. Go with the (money)flow. Hope this answers your question...
Position Trader
- #23,155
- Edited 5:27am May 25, 2018 5:11am | Edited 5:27am
- Joined Feb 2017 | Status: pippin' | 1,139 Posts
{quote} Can we say that there is no bull around left? I think its a fight between Euro bears and Dollar Bears. But the problem is, Dollar bears seem to forgot how to fight.
Stocks markets are shaking, money flows back into cash, the Yen is the "safe haven". Result: no Volume on EUR/USD.
Current moneyflow is USD & GBP >> JPY and CHF (and others)
when it flows back, it will be JPY and CHF (and others) >> AUD, NZD >> EUR >> USD
Natural... it's always been like this, it will always be like this. (until the first of the "big three" goes t*ts...)
It can change at any give moment. Someone picks up a phone and says "I don't like the Yen, sell it", and everything is different.
All you need to do is: follow the flow, profit from Volatility.
I would trade any currencie, if it moves, I don't care which one it is, I don't care what I trade against what, if it moves I trade it.
Staring at paint dry makes no sense, does it? It's about making money, nothing else
the EUR/USD is a good pair to trade, if it moves.
It's very technical and very reliable, and it "behaves" like it should (most of the time) on political bs...
But when the Volatility goes off, it's a dead market, and it can stay dead for a long time.
you are not expected to understand this
- #23,158
- May 25, 2018 5:28am May 25, 2018 5:28am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts | Online Now
Focus only on what truly matters!
- #23,159
- May 25, 2018 5:28am May 25, 2018 5:28am
{quote} It is stagnant because there is no moneyflow from USD into Euro. The USD is slowly selling off, but not against the Euro. Currently money flows from USD into JPY and (slowly) CHF. (and others), but not into Euro. Also, the Euro is selling off into JPY (and others) When the USD is neutral/weak, and EUR is neutral/weak, the EUR/USD pair can not move. No currencie trader is interested in trading a stagnant market. If you are serious about trading currencies, you must follow the Volatility. On an intraday basis, you can check the strength/weakness...
- #23,160
- May 25, 2018 5:30am May 25, 2018 5:30am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Dollar bears seem to forget how to fight.
[/quote]Maybe just because they are scared of 1675 zone ...the Year Low (visit here only Nov.2017 !!!)
Great calls today, Raj!
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