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EUR/USD Strength 2 replies

Will USD gaining strength for the next couple of weeks? 7 replies

Unexpected USD strength in the last few hours 2 replies

USD short term strength? 0 replies

Change in USD Index and its effect on USD strength 8 replies

Attachments: The Strength of USD
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The Strength of USD

Uncertainty will always be part of the game whether there’s an event or not. The best thing to do is to always put SL and/or TP in every open trade ...
Market is not random but unpredictable
The ability to identify the ongoing trend is useless without the ability to gauge its oscillating strength ...
Market is not random but unpredictable
Quoting 4for4
What goes up must come down and vice versa —> Use a mean-reversion strategy to play the market ...
A trending strategy can only be used in one market condition, while a mean-reversion strategy is applicable whether the market is trending or ranging because a trend will eventually make a correction ...
Market is not random but unpredictable
Two components of a successful mean-reversion strategy:
1. The Equilibrium: Anything above is sellable, anything below is buyable ...
2. Overbought/Oversold indicator ...
Market is not random but unpredictable
There 4 identifiable trend-conditions:
1. Change of Trend,
2. Trend Correction,
3. Trend Resumption, and
4. Trend Continuation.

The mean-reversion strategy is best applied during a trend-resumption period ...
Market is not random but unpredictable
  • Post #406
  • Quote
  • Edited at 7:44am Jan 4, 2021 6:07am | Edited at 7:44am
About Dollar Strenght:

I think we are at the edge of big correction in dolar downside trend. Firstly there are some good information realated to covid so market can anticipate that FED will not act as much as could. Secondly we can see the bigest inflation expactation since April 2019 so market can start thinking in some hawkish way. I think this scenario can happen.
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Really interesting i would be of the opinion a correction is coming soon too. The seasonals are supporting a correction too.
Quoting CraigMcG2020
Really interesting i would be of the opinion a correction is coming soon too. The seasonals are supporting a correction too.

As you can see this scenario is still actual. EURUSD sentiment in short term is bearish and we are going to reach 1.21, maybe 1.20. It depends on inflation data.

I think INFLATION will be the most important indicator in next months which will determine dollar price on market. If inflation forecast will go up, it could trigger EURUSD move below 1.19.
Quoting 4for4
There 4 identifiable trend-conditions: 1. Change of Trend, 2. Trend Correction, 3. Trend Resumption, and 4. Trend Continuation. The mean-reversion strategy is best applied during a trend-resumption period ...
Wait for a less-than-50%-correction before playing a trend-continuation ...
Market is not random but unpredictable
Use the weekly to identify trend and use the daily to monitor correction ...
Market is not random but unpredictable
Quoting MarkFxAnde
EUR/USD is more appropriate trading pair for all kinds of traders in particularly the newcomers due to its comfortable trading spreads. as a newcomer , besides this I like to trade all other major pairs in my demo for increasing my trading performance very rapidly.

Really love this. The hard part is sitting on your hands
Quoting 4for4
Don’t chase a running trend, but prepare to play its reversal ...
Correction:
“Don’t chase a running trend, wait for its correction before playing” ...
Market is not random but unpredictable
Buy NZD @ 0.7227 —> 0.7103 / 0.7289 ...
Market is not random but unpredictable
Quoting DuPapai
{quote} Have an approach that works both in cold winters and sunny summers. Switching in between the two systems will make you a jump around clown
I agree, that’s why I turned to one concept of trading nowadays ... (“wait for its correction before playing a trend”)
Market is not random but unpredictable
Quoting 4for4
Buy NZD @ 0.7227 —> 0.7103 / 0.7289 ...
Trail the stop to 0.7155 ...
Market is not random but unpredictable
  • Post #416
  • Quote
  • Edited at 9:55am Feb 19, 2021 7:36am | Edited at 9:55am
Quoting 4for4
Buy NZD @ 0.7227 —> 0.7103 / 0.7289 ...
TP was reached on the 19Feb ...
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Market is not random but unpredictable
Impatience is the root of all our problems, it’s the biggest pitfall as we make our way through life and trading ...
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Market is not random but unpredictable
  • Post #418
  • Quote
  • Edited at 7:10pm Feb 23, 2021 6:50am | Edited at 7:10pm
In trading, psychology will make or break us, i.e., do we have the patience to wait for a certain market condition before even planning a trade?
Market is dynamic, but our mind doesn’t have to be. Play the system, not the market. Let the market come before playing ...
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Market is not random but unpredictable
No more fear of missing out ...
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(Waiting patiently for the market to come to us)
Market is not random but unpredictable
This is why majority of traders fail ...
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(Wisdom and common sense come in the form of patience)
Market is not random but unpredictable
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