Day Trading the EuroDollar

H2
Could be a serious Down break here.

m1

If it is going to happen, it happens on the M1 first.
However, M1 is not to be used to make decisions. M2 is better. Rules, rules, rules.
This could keep going down till close of NY.
Impossible not to be profitable today.
Rules, rules, rules.
Because of the zero to 100 % limit of the Stochastic, once it runs along the bottom we have to move to following the M1 Signal Line Trend (SLT).
However, only M1 10 x 50 is to be trusted as a risk signal.
It is important to draw a trend line correctly, that is, touching reference points.
Lower lows and lower highs also have to be followed. Vice versa we have higher lows and higher highs. Very important.

M2Pound/Dollar strongly correlated with the EuroDollar
Brexit is the best thing that happened for forex traders. Lots of volatility!! We love it.

M2 EuroDollar This is the decision time frame.

M30
MACD SLT DOWN, DOWN.

57 Pips locked in. This could keep going down till the NY close - and beyond. Indicators will tell what is going on.

M10 Pound/Dollar Correlated withEuroDollar

M2 €/$

M3 Euro/Dollar

Euro/Dollar H1

€/$ M2

£/$ M2

€/$ M2
62 Pips locked in.

€/$ M2 Took profit. Going to gym.

What is great about the EuroDollar is that it is a definite market: from 4am my time till NY close.

A change in Federal Reserve policy toward lowering or raising interest rates can take place over a period of years. Eurodollar futures are impacted by these major trends in monetary policy.

Trading on the US Dollar currency pair gives traders the opportunity to participate in the movement of the global economic cycle.