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EURUSD

  • #1,186,541
  • Nov 1, 2020 12:59pm Nov 1, 2020 12:59pm
Quoting mistaouting
About time for election volatility ...good luck all
About to be an interesting week
LOCK IN RE-ENTER
  • #1,186,542
  • Edited 3:27pm Nov 1, 2020 2:51pm | Edited 3:27pm
Afraid that drop in cable could cause rise in euro
LOCK IN RE-ENTER
  • #1,186,543
  • Nov 1, 2020 3:24pm Nov 1, 2020 3:24pm
Here's my take on the EURUSD. Price action on the daily time frame is disposed southward. Presently it is located a few pips above the 1.16100 horizontal support area (blue). A significant bearish breakdown of the area on a daily closing basis will likely lead to an increase in bearish momentum. I am more bearish EURUSD than bullish.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,186,544
  • Nov 1, 2020 4:05pm Nov 1, 2020 4:05pm
EUR unchanged with no support from (stale) Eurozone GDP beat.

EURUSD neutral/bearish.
  • #1,186,545
  • Nov 1, 2020 4:29pm Nov 1, 2020 4:29pm
Quoting SashaP
1617 region looks like a great place to buy for 300 pips. Double bottom + election.
I hate the stuff in double bottoms
  • #1,186,546
  • Nov 1, 2020 5:30pm Nov 1, 2020 5:30pm
Quoting PatienceFx
{quote} I hate the stuff in double bottoms
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  • #1,186,547
  • Edited Nov 2, 2020 4:39pm Nov 1, 2020 5:33pm | Edited Nov 2, 2020 4:39pm
Eurusd 11-2-2020
next level
1.1620 -1.1580
reversal point 1.1660
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  • #1,186,548
  • Edited 8:26pm Nov 1, 2020 8:13pm | Edited 8:26pm
Well, I decided to start looking at the market again, staying out until the US election is over. Learned an expensive lesson 4 years ago believing the polls! LOL If you scroll back to November 2016, you will see the enormous spike from the election results. This is a major geopolitical event that effects FOREX, so will wait for a couple more days before entering. For those that stay in and gamble, I highly suggest looking at the weekly and daily. Personally it is not worth it for me entering and I will wait to enter a SMALL position on the extremities of the spike. If it does not hit, I am fine with that.

Now looking at the US Debt and where it will be in the next 10 years, I see hyperinflation occurring as it did in the 1970's in the next decade. I highly suggest speaking with other traders who are currently retired from the workforce due to age, I am sure they can provide enlightenment on how prices increased as income did not at the same pace and they lived through it. Curious if it will be global. This is a glance I use for personal spending and hard asset investment(land, etc) as well as what the cost of living will increase to and how fast based on experience. Would be curious to see if it was a global event based on their knowledge now and what they would do different to prepare for it.

In regards to personal political choice, yeahhhhh I do not trust politicians the same as I do my siblings and will not defend a politician(regardless of party because they all lie) with the same emotions or commitment.

So until later in the week, going to stay out of market, I wish all those staying in good luck. Market should stabilize after the election and things will return to normal. My advice if you do play it, outside of time frames, go small. This is only advice for USD pairs.

*Edit addition, remember, if the USD pair has lower volume than EURUSD, the spike will be much larger.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,186,549
  • Nov 1, 2020 9:38pm Nov 1, 2020 9:38pm
Quoting OhComeOn
Well, I decided to start looking at the market again, staying out until the US election is over. Learned an expensive lesson 4 years ago believing the polls! LOL If you scroll back to November 2016, you will see the enormous spike from the election results. This is a major geopolitical event that effects FOREX, so will wait for a couple more days before entering. For those that stay in and gamble, I highly suggest looking at the weekly and daily. Personally it is not worth it for me entering and I will wait to enter a SMALL position on the extremities...
when she is fully dressed there will bno spike, so just trade ;; results come on 3rd not `today


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feel free to invite me to your forum, if you have any
  • #1,186,550
  • Nov 1, 2020 10:02pm Nov 1, 2020 10:02pm
Quoting Barnell
Good morning everyone.. https://www.youtube.com/watch?v=djV11Xbc914
ata has a very tiny fuse

avoid getting banned

https://www.forexfactory.com/thread/...5#post13240305
feel free to invite me to your forum, if you have any
  • #1,186,551
  • Nov 1, 2020 10:11pm Nov 1, 2020 10:11pm
As major events coming up this week and the next, a few fakeouts here and there should be anticipated. That will be the game of the day for a couple of weeks. Beware to those who use technical indis as spikes both directions arise, you will only get hurt. Like my buddy OhComeOn warned us, stay out until market subsides and back to normal. But if you are not using indis and know when and when not to use stop loss and trade with common sense.. Let's get it on and ride this roller-coaster and see if our skills are enough to beat the distorted fakeouts..... Sharingan!!!
Only an idiot knows with certainty to where the market is going.
  • #1,186,552
  • Nov 1, 2020 10:17pm Nov 1, 2020 10:17pm
Quoting JungleLionFx
{quote} when she is fully dressed there will bno spike, so just trade ;; results come on 3rd not `today {image}
I understand your point, however the New York and London has not opened for Monday (2nd). Essentially based on my trading style, that leaves 1 day of trading. Most traders at my level will be exiting the market in anticipation of the election. It is more profitable and less stress for me to not be in the market for 2 days and wait. Wish you the best, I will still stay out and stay with my trading plan. Since I typically trade a lot more lots than most traders, I do not take unnecessary risk. It makes no sense at my investment levels. Everybody has different trading methods, timeframes, and investment amounts, I do not assume mine is what everyone follows. It is not fear that keeps me out, but rather experience and knowledge that has morphed into wisdom for myself. At one time when I had a much smaller account, I would have probably taken the risk. Now that same risk could mean a very large amount of loss. I will forgo the possible profit of 2 days, because I know I will still make make a large sum in the next 2 days of trading after the election.

However I must separate myself from other traders, this is my strategy and what has worked consistently for me over years. There are many ways to trade, I do not pretend I know everything and even I run into a few lost trades every now and then. My main motivation for risk and reward is the size of my account(growth or loss).

You may smash it over the next couple of days, and if so, congratulations. Wish you and the others who trade the time period the best.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,186,553
  • Nov 1, 2020 10:50pm Nov 1, 2020 10:50pm
zzzzzz
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feel free to invite me to your forum, if you have any
  • #1,186,554
  • Nov 1, 2020 11:05pm Nov 1, 2020 11:05pm
And so it begins. May it steam roll here as the days progress.
  • #1,186,555
  • Nov 1, 2020 11:48pm Nov 1, 2020 11:48pm
Inserted Video
  • #1,186,556
  • Nov 2, 2020 12:34am Nov 2, 2020 12:34am
US Election week is here and also three major banks will decide their policies.

The trend for today is bearish, support comes at 1615-1600 and resistance 1660-65 and above 1695-1705.

Also the sentiment isn't better, Covid-19 and worries for a drop in manufacturing add to worries about growth and inflation.
Looking for profitable short term trades ...|
  • #1,186,557
  • Nov 2, 2020 1:03am Nov 2, 2020 1:03am
I am still short since Fri. My SL is at 1.1652 Patience...
  • #1,186,558
  • Nov 2, 2020 1:23am Nov 2, 2020 1:23am
Quoting Js3mwtRc
US Election week is here and also three major banks will decide their policies. The trend for today is bearish, support comes at 1615-1600 and resistance 1660-65 and above 1695-1705. Also the sentiment isn't better, Covid-19 and worries for a drop in manufacturing add to worries about growth and inflation.
A short upswing is expected to take place in the area of 1.1660 to 1.1680 after which the bearish trend will continue.
FXOpen - International True ECN Broker
  • #1,186,559
  • Nov 2, 2020 1:24am Nov 2, 2020 1:24am
Quoting F.g
I am still short since Fri. My SL is at 1.1652 Patience...
Yours stop loss is too short and you may need to think about it again.
FXOpen - International True ECN Broker
  • #1,186,560
  • Nov 2, 2020 1:25am Nov 2, 2020 1:25am
Quoting OhComeOn
{quote} I understand your point, however the New York and London has not opened for Monday (2nd). Essentially based on my trading style, that leaves 1 day of trading. Most traders at my level will be exiting the market in anticipation of the election. It is more profitable and less stress for me to not be in the market for 2 days and wait. Wish you the best, I will still stay out and stay with my trading plan. Since I typically trade a lot more lots than most traders, I do not take unnecessary risk. It makes no sense at my investment levels. Everybody...
US Elections have always had a Major impact on the price movements of the Euro.
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