Why EURUSD moves so much this time | Forex Factory

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Why EURUSD moves so much this time

  • #1
  • First Post: Jun 19, 2019 10:54pm Jun 19, 2019 10:54pm
The price moved up 37 pips during 4 hous time. It's midnight in the Middle East, not the trading time either in Europe or in the US.
  • #2
  • Jun 19, 2019 11:28pm Jun 19, 2019 11:28pm
In any forex trading high movement is common, I speculate it will be sell saga shortly, I am aiming at 1.12320. I already had my BUY/LONG secured and took in the profit. Worry not about the movement if you are confident, be sure to know it will trigger the TP, I did a full analysis it will be the moment of going down soon.

This is purely my 2 cents opinion, let's see.
  • #3
  • Jun 19, 2019 11:50pm Jun 19, 2019 11:50pm
Price can move any time of day.
If you know the time it usually moves.. you can plan your trades better..
Gold shot up $40.. was clearly a usd move.
It was Fed day.. BOJ day... and BOE soon too.. what do you expect on big days like today?

The reason why isn't important.. how you react is....

Lesson you shouild learn from this: Fed days have a good chance of increased volatility in USD that can last more then just one session.
With years of experience you learn to anticipate increased volatility.
The only system that will work is one designed by and for yourself.
  • #4
  • Jun 20, 2019 12:27am Jun 20, 2019 12:27am
Quoting bloodpoodle
Price can move any time of day. If you know the time it usually moves.. you can plan your trades better.. Gold shot up $40.. was clearly a usd move. It was Fed day.. BOJ day... and BOE soon too.. what do you expect on big days like today? The reason why isn't important.. how you react is.... Lesson you shouild learn from this: Fed days have a good chance of increased volatility in USD that can last more then just one session. With years of experience you learn to anticipate increased volatility.

I totally support this, knowledge is power. Once you under the trade(s) you will know when to enter and when to exit in case of super emergency, I studied candle sticks I am sure the fray will reach downwards south. Let's see how it moves but I have done studies and study candle stick on my own am very confident of south move. Let's see.
  • #5
  • Jun 20, 2019 11:41am Jun 20, 2019 11:41am
simple; FED rate decision caused the move.

whether the FED rate changed or not; it does not matter.

big players usually analyze the statement; and then change their books to match their view of the market.

this change of book; is done over few hours after the news announcements.

so it is always better to avoid trading post the news; unless you are a news trader; and you know what you are doing.
  • #6
  • Jun 20, 2019 4:40pm Jun 20, 2019 4:40pm
To collect the money ...

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POW!
  • #7
  • Last Post: Jun 22, 2019 2:34am Jun 22, 2019 2:34am
Many thanks! How often is the FED rate decision day and when is it?


Quoting alphadude
simple; FED rate decision caused the move. whether the FED rate changed or not; it does not matter. big players usually analyze the statement; and then change their books to match their view of the market. this change of book; is done over few hours after the news announcements. so it is always better to avoid trading post the news; unless you are a news trader; and you know what you are doing.
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