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EURUSD

  • #1,192,281
  • Mar 24, 2021 7:47am Mar 24, 2021 7:47am
Quoting NrSLionHeart
What now? We are in ZzzzZZZZzzzz land...
very strong eur and very weak usd news eu goes north big time 1900
feel free to invite me to your forum, if you have any
  • #1,192,282
  • Mar 24, 2021 8:28am Mar 24, 2021 8:28am
I expect new low
  • #1,192,283
  • Mar 24, 2021 8:34am Mar 24, 2021 8:34am
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  • #1,192,284
  • Mar 24, 2021 9:04am Mar 24, 2021 9:04am
We should go up from here.

The rejection at 1.18160 was brutal ...

EDIT: WTF? It wants to make a new low ...
  • #1,192,285
  • Mar 24, 2021 9:27am Mar 24, 2021 9:27am
Still try and learn
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  • #1,192,286
  • Mar 24, 2021 10:09am Mar 24, 2021 10:09am
Expecting this may be works like before...
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  • #1,192,287
  • Mar 24, 2021 11:32am Mar 24, 2021 11:32am
Despite the fact that trillions of dollars have been printed out of thin air and the US has debt too great to repay, the dollar is apparently making a comeback. And yet US residents still pay more at the pump, while services and goods continue to increase in price. This is just crazy! I really don't know what to believe anymore when it comes to this stuff!
Learn from your mistakes and march on.
  • #1,192,288
  • Mar 24, 2021 11:37am Mar 24, 2021 11:37am
Quoting here2there
Despite the fact that trillions of dollars have been printed out of thin air and the US has debt too great to repay, the dollar is apparently making a comeback. And yet US residents still pay more at the pump, while services and goods continue to increase in price. This is just crazy! I really don't know what to believe anymore when it comes to this stuff!
https://www.forexfactory.com/thread/...0#post13465100

Read this post of mine. Also if they say that hey are "printing money" doesn't mean that they are actually physically printing the paper. Finance business is very tricky.
  • #1,192,289
  • Mar 24, 2021 12:00pm Mar 24, 2021 12:00pm
Quoting Techanalyst
{quote} https://www.forexfactory.com/thread/...0#post13465100 Read this post of mine. Also if they say that hey are "printing money" doesn't mean that they are actually physically printing the paper. Finance business is very tricky.
We are moving towards a cashless society. So I understand that they aren't literally printing dollars. It's just a figure of speech.

As for your belief that USD will go to 160. It's very hard to believe. But I am open to the possibility. If that does happen, it will likely have a devastating effect on Bitcoin, unless market dynamics change.
Learn from your mistakes and march on.
  • #1,192,291
  • Mar 24, 2021 12:07pm Mar 24, 2021 12:07pm
Quoting pridolfx
Hidden
Currency is being digitized. So technically speaking, we are moving towards a cashless society. Government will have more control over the masses under the new financial system they are ushering in. This will become more and more apparent over time. It's inevitable.
Learn from your mistakes and march on.
  • #1,192,292
  • Mar 24, 2021 12:07pm Mar 24, 2021 12:07pm
Quoting here2there
{quote} We are moving towards a cashless society. So I understand that they aren't literally printing dollars. It's just a figure of speech. As for your belief that USD will go to 160. It's very hard to believe. But I am open to the possibility. If that does happen, it will likely have a devastating effect on Bitcoin, unless market dynamics change.
Here it is this video goes more into detail.

Inserted Video



It will have no effect on bitcoin, they are not correlated and are totally moving in different directions and so on. IF bitcoin rises its not because of USD, if it falls it is not because of USD. It is people pumping the money into bitcoin. That's it.
  • #1,192,293
  • Mar 24, 2021 12:15pm Mar 24, 2021 12:15pm
Quoting Techanalyst
{quote}It will have no effect on bitcoin, they are not correlated and are totally moving in different directions and so on. IF bitcoin rises its not because of USD, if it falls it is not because of USD. It is people pumping the money into bitcoin. That's it.
It is already having an effect on Bitcoin. You don't see it because you haven't been trading in this space long enough. I have been following Bitcoin since 2017. It's not what you think. You think you can just pull up a few charts and say, 'See, the patterns are not the same. There is no correlation.' But as I have told you before, it's not that simple. You can't think in terms of how currency pair correlations work in Forex. It's not the same with Bitcoin (not as precise).

Attached Image (click to enlarge)
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Learn from your mistakes and march on.
  • #1,192,294
  • Mar 24, 2021 12:33pm Mar 24, 2021 12:33pm
Quoting here2there
{quote} It is already having an effect on Bitcoin. You don't see it because you haven't been trading in this space long enough. I have been following Bitcoin since 2017. It's not what you think. You think you can just pull up a few charts and say, 'See, the patterns are not the same. There is no correlation.' But as I have told you before, it's not that simple. You can't think in terms of how currency pair correlations work in Forex. It's not the same with Bitcoin (not as precise). {image}
“Bitcoin is definitely a non-correlated asset,” Pompliano told CNBC in a December 2018 interview. “If you look at the correlation between the digital asset and the S&P 500 over the last 180 days, it's at zero,” he noted. “If you look at it compared to the dollar index, it's near zero,” he added."

Bitcoin is not correlated asset.

If you compare it even with S&P 500 it is not correlated at all.

Conclusion is: Bitcoin is not correlated asset, it is not correlated with any asset.
  • #1,192,295
  • Mar 24, 2021 12:46pm Mar 24, 2021 12:46pm
Quoting Techanalyst
{quote} “Bitcoin is definitely a non-correlated asset,” Pompliano told CNBC in a December 2018 interview. “If you look at the correlation between the digital asset and the S&P 500 over the last 180 days, it's at zero,” he noted. “If you look at it compared to the dollar index, it's near zero,” he added." Bitcoin is not correlated asset. If you compare it even with S&P 500 it is not correlated at all. Conclusion is: Bitcoin is not correlated asset, it is not correlated with any asset.
Did you not see the the chart I posted? A correlation (negative), though not precise, is present. The problem is you don't understand Bitcoin's price action in connection to USDX, either because you don't trade it or you haven't had much experience trading it.
Learn from your mistakes and march on.
  • #1,192,296
  • Mar 24, 2021 12:47pm Mar 24, 2021 12:47pm
Correlation does not imply causation

All are created by the big banks to support their view.

You can just ask a simple question to find out > Why the price action isn't exactly the same in all correlated pairs.

There is an example in this page I share:

The faster that windmills are observed to rotate, the more wind is observed.
Therefore, wind is caused by the rotation of windmills. (Or, simply put: windmills, as their name indicates, are machines used to produce wind.)

I can have a theory and support it by using pure luck (two lines going together).

https://en.wikipedia.org/wiki/Correl...mply_causation

We all doing it every day and still works until it doesn't.
Looking for profitable short term trades ...|
  • #1,192,297
  • Mar 24, 2021 1:08pm Mar 24, 2021 1:08pm
Fucking weak bulls they dont have power even to reach .852
no worth at all enter in any long position anytime...
  • #1,192,298
  • Mar 24, 2021 1:40pm Mar 24, 2021 1:40pm
Quoting pridolfx
Fucking weak bulls they dont have power even to reach .852 no worth at all enter in any long position anytime...
When enough people start thinking like that, then sentiment will change. Then the majority will short EURUSD and lose. When the market gets to extremes, it takes guts to go against it. Those who have enough capital and patience to deal with DD will eventually win. If you don't have enough capital and patience to do that, then it likely won't end well. People who use high leverage are the ones who mostly get crushed, because they don't have enough capital to cover DD.
Learn from your mistakes and march on.
  • #1,192,299
  • Mar 24, 2021 2:01pm Mar 24, 2021 2:01pm
Quoting here2there
{quote} When enough people start thinking like that, then sentiment will change. Then the majority will short EURUSD and lose. When the market gets to extremes, it takes guts to go against it. Those who have enough capital and patience to deal with DD will eventually win. If you don't have enough capital and patience to do that, then it likely won't end well. People who use high leverage are the ones who mostly get crushed, because they don't have enough capital to cover DD.
i have enaught guts lol ..im still holding long 1,8lots on 1.1940 and i never set any SL
because forex is 1000% manipulate big guys game with only and only 1 goal. TO STEAL MONEY FROM LITTLE FISHES RETAILES AS MUCH IS POSSIBLE
  • #1,192,300
  • Mar 24, 2021 2:13pm Mar 24, 2021 2:13pm
Quoting pridolfx
{quote} ...forex is 1000% manipulate big guys game...
There are people who say it isn't.

The way I see it is it is better to wait for the extremes. You might only get 1 or 2 trades a month, but if you know how to manage your money and have enough capital, you can do well. I have no doubt a person can make a living from only 1 or 2 trades a month. It's the people who feel the need to trade on a daily basis who put themselves at risk, especially scalp traders.
Learn from your mistakes and march on.
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