EURUSD only

i cant make longterm forecast.I did weekly chart of eursd with BB50.And i have very interesting chart.Its only forecast.Like possible scenario.Middle is MA50. MA100is brown.So -up -is 1.16400.My answer to Auricforecas who writes that people with demo account analyze the market.I trade futures ECN,and MT4 demo account I use only for analysis.

there is good news for bulls....Trump has stated that dollar is so expensive....it has to be cheaper versus euro and other currencies....I can get cheaper it within 2 seconds if I want!!!!!

Euro still bearish short term. The fractal formed friday is difficult to determinate which one is the better price to think in a bull move, because even reaching 1.1200 right now this could fall down below 1.1100.

So for now, I prefer to watch, but 1.1060/75 is the place for a bounce.

There are so many haters here at the Factory. Accordingly, this focus of this post is to remind the EUR/USD only traders that valid trades can come from valid trades in the opposite direction that occur in the USDX. This is a practice known as "Sister Trading".

The first two charts were posted last Saturday or Sunday. In either case, it was before the Market's Sunday open.





The top chart shows a valid 2 Bar Reversal (2BR) in a SUPPLY/Demand Delta Zone. This makes us think that the Demand Zone is going to hold.

When we look at the bottom chart, we see that there is not a valid Long in the EUR/USD. There is also not a valid short. The 2 Bar Reversal (2BR) isn't occurring in the Supply/Demand Delta Zone. Which is where would want to see it. In fact, it is in Demand Zone.

We know that both Demand Zones can't hold. Additionally, we know that the DXY has a valid Long signal. Thus, we can conclude that the Demand Zone in the DXY is likely going to hold, and the one in the Euro is going to fold. We know these markets are inversely correlated: a move UP in Euro usually means a move DOWN in the USDX, and vice versa.

Thus our two trade options were (1) Long the USDX and (2) Short the EUR/USD. Option (2) is the "Sister" trade.

The next two charts show what happened. Again, for the haters, this is about showing a way that a EUR/USD only trader can broaden the scope of analysis in order to broaden the number of valid entry signals that can be seen. If one was looking only at the EUR/USD chart, this would have been missed.





*** I am not saying the Zones are predictive, nor I am saying they work 100% of the time.***

With that said, all Zones on the second set of charts are open and valid for entry signals at the time of posting.

This just opened my eyes, thank you for the advice.

https://www.zerohedge.com/news/2019-...d-his-homeland
https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=LY4e264-
by Tyler Durden
Sat, 07/27/2019 - 21:00

John Christensen was a government economist living on the beautiful island of Jersey, off England's southern coast, in a "hillside villa with views of France." But that lifestyle ended after he spoke out on a fraudulent currency trading schemeinvolving a UBS subsidiary in Jersey, according to Bloomberg.
Christensen had a head of dark hair when he helped to expose the Jersey currency scheme, which resulted in UBS’s Jersey unit and accounting firm Touche Ross & Co. -- now Deloitte -- paying almost $40 million to settle lawsuits. Regular bike rides keep Christensen as trim as two decades ago, but his hair has turned pearl white.
He said: “I was set. We had a pretty good lifestyle and plenty of friends.”
But he was forced to move to London as a result, where he now fights governments and campaigns against financial secrecy, including on his home island of Jersey.

https://zh-prod-1cc738ca-7d3b-4a72-b...ristiensen.png
He founded the Tax Justice Network in 2003 for the purposes of pushing greater regulation of tax havens. It's estimated that $5 trillion to $32 trillion is currently stashed offshore for tax purposes - this is about a third of the entire global domestic product. Christensen thinks the number is at the "top end of that range".
He said:
“We’ve won many of the intellectual and political arguments. And yet we’re not seeing it happen in practice. Look at where we are now. Rates of tax on capital have collapsed, inequality has gone through the roof and we’re now in a very dark place for democracy generally.”
But there's some legitimate reasons to keep money offshore. Hedge funds and money managers often pool assets into Cayman Islands master funds to reduce costs. Offshore havens also sometimes offer protection against unstable political regimes. But their lack of transparency also makes them attractive to drug dealers, kleptocrats, and money launderers.
After the Panama Papers leaked, governments have been pressuring offshore tax havens to disclose more details.Regulators are starting to hone in on long-established locations, too. So now the tax adverse wealthy are seeking out mainland arrangements in places like Hong Kong, London and the U.S.

https://zh-prod-1cc738ca-7d3b-4a72-b...s/tril%201.png
Christensen continued:
“Capital has moved literally lock, stock and barrel beyond the ability of nation-states to regulate tax. If you don’t have a good referee in a football game, neither team is any good and it becomes a free-for-all and everything deteriorates.”
Russia leads the way for offshore stashing, with 60% of the country's GDP held offshore. This compares to 15% in Continental Europe and just a few percent in Scandinavian countries.
But Russians are leaving one of their favorite offshore spots: the British Virgin Islands.
Increased transparency in the BVIs, combined with tighter tax laws, means that Russians can no longer anonymously accumulate tax free funds there. Legislation adopted this year in the BVIs requires companies registered there to actually show economic activity like hiring employees and renting offices or they are faced with fines.
Christensen and the Tax Justice Network are campaigning for public registers of company owners, and they've had some success so far. The U.K.'s overseas territories and crown dependencies, like Jersey and the BVIs, are set to introduce legislation by the end of 2023. But this still isn't quick enough for Christensen.
“It took the allied powers six months to plan and successfully carry out the D-Day landings. It took Thomas Edison two years to create the light bulb,” he said, arguing against the timeline.
His Tax Justice Network was started over tea and cake in Jersey in 2002. Christensen and two friends discussed their concerns over the grip of the financial industry on the economy of Jersey.
By writing reports, posing questions at conferences and working with nonprofit groups, the network eventually caught the attention of policymakers. Two ideas that Christensen and his colleagues championed from the start -- country-by-country breakdowns of multinational firms’ finances and improved exchanges of tax data between nations -- helped shape global tax reforms this decade by the Organization for Economic Cooperation and Development.
Labour Party lawmaker Margaret Hodge said of Christensen's group: “Their campaigning work is grounded in good analysis and proper facts. Without them, I wouldn’t have achieved as much as I’ve been able to do in Parliament.”
Two years ago the Organization for Economic Cooperation and Development introduced its tax disclosure system with tropical locations like the Cayman Islands and BVIs adopting it early. Both places have avoided the EU's blacklist of tax havens, which now includes 15 jurisdictions like Bermuda and the U.S. Virgin Islands, where Jeffrey Epstein has a private island.

https://zh-prod-1cc738ca-7d3b-4a72-b...s/tril%202.png
Instead of signing on to OECD's system, the U.S. is sticking with the Foreign Account Tax Compliance Act, or FATCA, which has created loopholes for people putting foreign money in the U.S.
Offshore specialists follow the cash. Geneva-based Cisa Trust Co. has applied for a license in South Dakota and Trident Trust, another offshore trust provider, has moved dozens of accounts from Switzerland and Grand Cayman to Sioux Falls, South Dakota.
Christensen said: “It’s kind of Wild West stuff in South Dakota and Wyoming. Anything goes. The law no longer really applies.”
But the influx into the U.S. doesn't mean that traditional tax havens still don't have plenty of foreign cash.
Last year, four Chinese tycoons transferred more than $17 billion into family trusts with the ownership structures all involving entities in the Caribbean. Chinese individuals will account for about one-third of the total inflows for offshore financial centers over the next five years, according to an analysis by Boston Consulting Group.
Even though it resulted in exile, Christensen doesn't regret outing the UBS subsidiary.
“I knew that if I didn’t do that, I would regret it for the rest of my life. Everything I stood for would’ve been shunted to one side if I hadn’t,” he concluded.
"As always folks trade wisely" "And time will reveal all"

I have no idea why you shared this on our thread bro but since it is a weekend day I don't mind if some here still were happy to read.

Enjoy your weekend D2.. Nature and outdoors are much more fun

Stay Green

Cheers Ata, Just trying to let people know what is really going on around us all, and how equality is out of whack for us who are struggling, and if it wasn't the weekend i would not have posted it, knowing how you feel,


Nature and outdoors are much more fun, I have to agree with you on that one my friend, but i am housebound due to a work related accident, and a very painful back injury, I could be here for a very long time,

Cheers Dingoman-two

I see divergence on daily-we should correct up min 1.12100,but maybe more.If people talk about longterm short .I show another chart of daily.

how can u see anything in that chart

No way for bullish trend , Great GDP ....gameover . next week 1.0830

Yes everybody see the same chart and some people sell here some people buy from one chart.I see buy.You see nothing.if you scalp and your stoploss 20 pips better wait.

I can almost see a double bottom on 4h but it doesn't look very convincing, especially on Friday's action.

I think the week will start slow, and potentially not until the middle of the week will we know whether we're going deeper south or there will be a meaning correction (or even a bottom).

At the moment it's just too unconvincing. ADP/NFP coming up on the week as well as FOMC, could be big. If they cut as everyone expects it might actually anchor USD somewhat.

So sorry to hear that and wishing you quick recovery buddy.. All the best

Stay Green

Daily S/R Levels for Monday

1. I am anticipating a tight range between: 1.1122 and 1.1141 for Monday,
2. In extension to this tight zone bulls still might try to crack 1.1160 resistance and bears would push for 1.1096. Therefore both ends are crucial areas to watch.
3. Picture is still bearish and the only clear indication of trend reversal would be when/if daily candles could close back above 1.1160 at least!
4. Another trend reversal indicator would be to watch if 1.1115/20 area continues to act supportive.

I hope it helps..

Stay Green

The EUR/USD current position is 1.1130. I'd consider the support 1.1110 as a short signal point in case of its breaching. Target for bears is 1.0900.
The resistance 1.1150(MA25) will be the first significant level for bulls. The next one is 1.1190(MA55).

Some near term predictions for various harmonic patterns leg D:

Dingoman-two,
Sorry to hear about your injury. Hope you heal quickly.