EURUSD

Seems like a huge increase in voting this year

Its not about my logic. My logic is fine. That is why before I started trading full time, my career was a machine builder. Building and programming machines. It is about facts. And what I wrote is the truth. Take a look at the market, the news and technicals. That is what it is. I am not going to debate about it. That is what it is.

You're logic is if biden win the usd will go up....I have a difference in opinion.

You said "a lot of people want trump to lose and " a lot" wants biden to win....just saying think about your statement logically. I don't understand how you say that then think trump will win...makes no sense logically

Looking at the facts a lot of people want Biden to win, a lot of people want Trump to lose. It is a fact. Those are brainwashed snowflakes that have no idea what is going on in the world. Not sure why are you so confused.

Could careless of your opinions on the character or intelligence of those people.

The point is you keep saying A LOT of people want trump to lose and A LOT of people want Biden to win.

A LOT would lead me assume majority... That would mean biden could win which contradict your thoughts on trump winning. It maybe a hard concept to comprehend or explain.

And might be hard concept to understand how each candidate would affect value or usd... Good thing is it want matter was markets settle in with whomever wins markets will get back to normal with covid-19 and stimulus driving markets unless next president gets right to foreign policy

Good luck to you

And I could careless of your opinion.

Classy guy you are.

Enjoy your analysis. Good luck

Don't need luck. Thought this through.

Sure

Think twice about anyone telling you that if Biden wins EURO/USD will go down....any movement down in EUROUSD will have nothing to do with Biden winning but down and more with covid or POSSIBLY a reduction adjusting to new candidate if Biden wins. Big possibly because seems as thought markets are pricing a Biden win currently so risk avoidance may not come into play

A blue sweep will most likely lead to a weak USD pushing up EURO/USD for causes like potential larger fiscal stimulus and potential increase business tax which often gives some the idea there will be slower business growth further weakening USD economic data....NOT saying that will be the case because its so many other parts to the puzzle and stings attached.

I kinda fell once markets markets settle from post election drama (possibly into 2021)...if EU can maintain/decrease issues from rise in virus you may see euro near 1.2 again Only time will tell

I am often wrong and could very well be wrong...this time. But some people here have no F ing clue

Nah you are wrong.

okay.

Possibility I could be wrong

We are possibly all wrong HAHA. Will see once US election is over.

Biden win euro taking off

There are a lot of long term and short term effect.
Now long term effect are often priced in the short term because of market participant anticipations and own scenario. The biggest they are and the stronger you feel the ripples. Their scenario, whatever they have programmed in their algo, will become self-fulfilling prophecy. Liquidity providers will have to adjust, brokers-dealers to hedge, etc...which in turn re-impact and exacerbate. Google Softbank last covid trick in us stock market, you'll get the idea.
Very easy to google around and get most scenario from most common financial players. (If Biden wins/If Senate/If Trump/etc...)

With Dem's, typically hitting the wealthier to redistribute (not sure this is still true though), likely (officially) more corporate financial liberty restriction (taxes, regulations, burden, etc...) likely to spur competitivity and speed up ghost companies bankruptcy, but at the same time, bigger infinity quantitative easing will only ultimately end up in inflating already over-inflated share price. Just check current PE ratios and compare to Warren Buffet's time. Exact reason why his strategy is no longer applicable. It is a technique from another time. We're in different times. Negative interest era.

Ultimately it looks like QE always ends up into inflating corporate America share price. Whether through individual's robinhood's account ultimately bagged by some shady hedge-fund shenanigan, or directly from corps gone-bad debt buying by the Fed.

I understand that a lot of retired don't want their retirement holdings going to hell. But if the price goes higher but the real buying power doesn't follow, why would you want your savings to increase? Let's say the buying power of 500K is 1 house. Now you have a portfolio worth 1 million, but you can't even afford to buy 1/2 house? You get the idea.

Then all the investment inflow/outflow impacts the demand for USD. If investors sees a risk in US asset going south, sell-off results. And inversely.
Now for international trade, any decent financial manager is going to look to hedge properly with futures. Unless they are a gambling house. This impacts demand/offer for the currency.

Then central banks want to keep some control on the levels they may defend (or not).

So much participants having so weird strategies involving chains of assets, that everything cascading together creates highly unpredictable movements.
Let's say you want to buy gold. Ok. What currency are you very likely to need to buy on standard markets? No it's not rupees or yuan. (well,...not just yet. But wait)

Now when it comes to employment, it is more to do with the speed at which the skills needed change. Anyone who has been working for years in manufactures is almost guaranteed to never work again at a decent salary unless they turn overnight into data scientist or highly qualified automation techies. Even if any type of manufacture ever comes back from any country, it will come back full of automated bots. Won't create any unqualified jobs. Unless the gov sends subsides to hire minorities and tech-uneducated.

Welfare still may help, but until some kind of robust plan arise to properly re-skill unemployed for the new era, many will still live on food stamps.

So today, what we actually witness is an industrial revolution. No Biden nor Trump will save any of you if you don't re-skill for this new era.

Henry Ford disrupted a lot of rednecks looking for more powerful horses, who actually never though everyone would have their own car one day.
Rushing to Walmart to buy guns and ammo won't return the food back on the table.
Let's be honest here: Maintaining coal power plants is not giving any edge here, nor pissing-off Chinese.

And looking for the next job in the next manufacture is just reporting the pain to later. That can only lead to unemployment in the long run.

Biden, Trump, and all of them, they are well-off. It's people with money. They graduated from good uni. And they are involved in many businesses on the side.
If you're a python developer, it's very likely that your entry level salary will be around 75k. You won't rush into Walmart to buy a gun, go down the street and express frustration. Rather, you'd stay home, learn some new stuffs, and create value. And you're covid-free, safely working from your home.

The world is changing. None of these 2 old guys really cares about Americans. Their only mandate is to keep rednecks, working-poor class and uneducated Americans busy, and yet they're still able to fail on this.
Supporting any of these guys in a hope of a better life is pure delusion. Both of them as much involved in shady activities anyway, benefiting themselves and their tribe.
Whoever wins, you'll still make the same decisions every day that ended up putting you where you are today. Surely both of them very old guys, but hey, they ain't your grandpa looking after you and advising you wisely. Wake up America.

Anyway, this is called EURUSD here. I'm sure there are plenty of political blogs, motivational and macro eco online courses around.

What we're looking now here is how we trade this.

Me I'm long since 1.096xx, removed my last hedging, and will look to reload where I can, if I can see that the consolidation is holding strong. It can move down, I'm fine with that, already made the risk management math and will remain in profit anyway. Just a little less maybe. Running the risk and fine with that.
For sure there will be a lot of movements since it's going to take a while to clear the ballots stuff and get some riots, but, hey, volatility is all what we are looking for here no?

Post some charts, express your trading views. Forget politics here, just use your brain to generate max green pips.

Yeah, how we trading this?

For the one who understand that frame of thought.... Have to pick lesser of two evils

Well, first of all, if you're not equipped to place orders and hedge them with options, that is not going to be easy.
The trick is most CFD brokers are very bad at offering you a full position management using combo of CFD's with decently priced option offer.

Starts there. Most of the offer for retail is pure scam.
Retail is bred and butter for boutiques.
Never seen the disclaimer saying ">79% of our clients lose money here" ?
And for a reason.

The only difference with Las Vegas, is that your broker cannot send their security guards to beat you up if caught using advanced statistical tricks.

Waiting to how this ff trader position starts changing.... Shorts still hanging in there

Absolutely.

For sure none of them really care about your entry, exit, targets, and money/risk management.
They have their own guys looking at that for them.

Unless you're a wealthy guy lost here playing the roulette, you have nothing to do with them.
Let's make a survey here: who believe asset managers and wealth managers are coming here on FF to decide their next trade?



Now, there are some very great and wise guys here, with amazing ideas and trading strategies. Not saying.
But how many are raising funding and running a proper fund?

But who knows. Maybe Biden Jr, or Jared Kushner and his friends are actually here around looking for ideas to place their next forex trade from a trading margin account.

If Bill Ackman is posting here, let me know.

Just saying. These guys are not in love with saving the nation. It's their bank account first, their own tribe first, and make their own d..k great again.
Of course, at the end of the day, America has to have a public face, so people can be proud again to publicly express that they are a citizen of this country.

But, hey, if you're actually a citizen of the world, without any travel restriction, and free to roam around in a peaceful and safe planet, that's actually the best deal.
Countries' own advantage over other's can only be detrimental on the long run. As we've seen that already.

Shady leaders incompetents and uncapable to deliver peace, citizen's happiness and stability at scale should be fired for professional incompetence.
But we're really really far from that. Sadly.
Not talking only for US here.