EURUSD

Attachment g

i sold purely coz of gold setup on h1, i can be wrong

loving it

Tp?

exiting at 1270 coz my h4 system said this is just a tilt not a drop

d1

close up

Just a quick reply... My post was about the fact that some institutions/countries etc.. would value price prediction for 10years in advance. Trading and profitability is not a main objective for holding certain positions, for some (big) players at least (similar to GOLD... countries had to have it, regardless of the price trends etc)... Regarding the inflation... they were much more afraid of deflation.. since the crisis, hence stimuluses etc... Also if we go into trading, the main objective is being profitable INSIDE fx or at least not having loses. Bigger picture, as you suggest maybe, is to compare the overall returns in absolute terms, compared to alternate investments or count inflation/deflation in. You could earn 20% per year in FX but then found that certain real estate markets yielded higher, were fx loss then, maybe in the whole picture, opportunity costs etc... but let's stay inside fx trading for now. My point was that if you have price prediction skills this can be valued in many markets. Also, if you could predict prices for 10years in advance, there are also direct ways to earn money out of it (options, future, advising, modelling, consulting, ratings...).

But yeah I do understand your point (of view) and this 10years was just an extreme example, although possible.

Without going further, price prediction of almost any timeframe, is highly appreciated (in different markets). In this forum in particular many are interested in intraday prediction or max to a week There is a lot of money in this, just have to find proper market. Because... if you could make this, model it properly.. you would incidentally include many of the things that could/would happen, many derivates out of this. For example.. If someone would tell you that EUR/USD would be 0.82 in certain time(frame), that would give you a picture of I believe many (possible) things. Hope I was a little more clear. I know someone that made 1.10 prediction 10years ago, it was laughed at... But the derivation of how it will come to 1.10 was even more correct. Shaking in the EU(R) etc... It doesn't move without a reason. Now we talk 0.82... something would have to seriously change for price to go there, on either side of the pair, wouldn't you agree and I believe whoever would predict this, would have some concrete explanation.

Also, let me bi a bit more provocative
My personal BELIEF (again, mine), judging my what I have "seen" or think I saw... Modelling the markets, the skill, is universal. If you can be successful in forex, you can be in any market, true story. I know people that were in another businesses, industry... They have strong skills in prediction the market. I knew a guy that was very good at predicting weather, then switched to forex almost without hassle, because it is "the same" too him, forex is just more rewarding (potentially) and "quick". Math, stat, research skill, risk management and many more... and also... discipline, routine and other psychological skills... the same... There are of course some specifics but getting into them is not always the good thing, sometimes if not most of the times.. are just noise.

And at the example I said, I mentioned selling (short)... so you do get swaps at least

So hope it was a little more clear but now I bet it might provoke other debates

I am tempted to go into SELL (now), but I estimate that it is too uncertain at the moment (also judging by the past week(s)). I would let this market roll for this week, hopefully it will build itself up to the height it wants to and I hope it will be a beautiful starting (selling) point from this Monday on and through the whole summer, the re-evaluate the trend in the fall. My wish is that we would slide slowly, excellent for trading with tight SL->high LEV->high returns.. So we can put a downpayment for SF90 in the fall, heh, JOKE aside or was it

No one can predict, what is going to happen in 10 years’ time! War could breakout – a whole bank industry could collapse – A country could go bankrupt – A nuclear power plant could blow up – Brexit - pandemic. Countries don’t have to have a gold reserve. UK got rid of ours! And your mate who can predict the weather. Could he come to the UK, because our experts are hopeless!!!!

Sentimental is up(yellow circle at daily open), price simply down down
Edit: To make those buy order stopped out, daily open will be protected before London open, maybe

just took a good pip to round return of this published TE, done for the week

looks like i quit early yesterday, but better be safe

gold monthly is in a very interesting setup

so unless usd has a very good reason to strengthen ; gold will make new highs in future

sending eurusd north

1323.perfect pa so far. Waiting for it and more.
Price breaks down 1215 should mean the impulse over but still above 1189 may help get the 2nd confirmation. And next time fail it likely correct below 1189 to develop the much strong impulse again! So a range top play to GO if!may be needed for 3rd confirmation 1447 if to try next!!

Crazy friday has started.
The spike are warming up
Let's be aggressive

Better wait next week. Too many spike. I ve done for this week.

i am too old

This is a wave 2 down to the oversold neckline.

NFP day today

I’m looking at what happens between 1.127 and 1.133 to see if the pair can rally higher after the news

if it doesn’t rally, I will sell

1.1250 forever? No! The NFP milkshake is coming!
Don't forget, the FIFO! You don't need to be smart, you don't need to cheat ...just be FIRST!
First In, First Out! That's the name of the NFP game. Just don't try to fkn predict anything!