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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

If we´ve seen the top then possible target blue dot 20-25 sept
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Guardian Angel
Two Clocks All Time Return: -16.0%
Quoting OnlineAddict
A lot of room up. {image} The question is where to find new entries. Hoping for another dip to buy. Down to 1800-10 would be perfect.
https://www.forexfactory.com/news/11...ng-in-december

Or a lot of room down
Quoting fxsport
{quote} https://www.forexfactory.com/news/11...ng-in-december Or a lot of room down
So you link an article about something that would make EU stronger as an argument about it getting weaker? What am I missing here?
Everyone can see the chart, but only a few can actually read it.
The euro held near a one-month high versus the dollar on Thursday and a six-week peak against the pound, supported by hawkish comments from ECB policymakers after data showed inflation at a decade high

https://www.reuters.com/article/glob...-idUSL1N2Q40ND
Quoting OnlineAddict
A lot of room up. {image} The question is where to find new entries. Hoping for another dip to buy. Down to 1800-10 would be perfect.
it continues to be accumulated so yes buy that dip (if it comes).
In tea leaves we trust!
Quoting OnlineAddict
{quote} So you link an article about something that would make EU stronger as an argument about it getting weaker? What am I missing here?
Think about it - the EU wants to stop tapering now with a 2-3% inflation rate.

Meanwhile in the USA the inflation rate is 5-6% and affecting the economy (slowing slightly) and the FED doesn't want to stop stimulus,i.e., taper?

If the NFP comes in STRONG then it pressures the FED to stop buying bonds and TAPER TANTRUM!

Conversely, if the NFP comes in very weak it would hint at a major economic slowdown in the USA. Why? Tens of thousands will be evicted in September and the US has cut off extra unemployement benefits as well. This "could" result in massive slowdowns in the service industries.

Just food for thought.

Plus I'm expecting a 10% "correction" in the equity market and when that happens safe haven currencies benefit - JPY, CHF, USD

Either way I don't expect any movement until tomorrow and even then with a US Holiday weekend the effects may be minimal. Packing up myself to leave at noon tomorrow.
Quoting fxsport
{quote} Think about it - the EU wants to stop tapering now with a 2-3% inflation rate.

That's the official rate at least. But in the UK (not EU I know), electricity and gas prices are set to rise 12% this winter. Real inflation is much higher.
Quoting Mcbeaners
{quote} it continues to be accumulated so yes buy that dip (if it comes).
i will add dollar weakness to UJ and UM as well. both should be short on any rise.
In tea leaves we trust!
Quoting fxsport
{quote} Think about it - the EU wants to stop tapering now with a 2-3% inflation rate. Meanwhile in the USA the inflation rate is 5-6% and affecting the economy (slowing slightly) and the FED doesn't want to stop stimulus,i.e., taper? If the NFP comes in STRONG then it pressures the FED to stop buying bonds and TAPER TANTRUM! Conversely, if the NFP comes in very weak it would hint at a major economic slowdown in the USA. Why? Tens of thousands will be evicted in September and the US has cut off extra unemployement benefits as well. This "could"...
The thing about taper...first, it doesn't matter how good NFP is, FED will not start tapering anytime soon, definitely not this year, it would make everything collapse over there like a house of cards. Second, even if they did, its now fully priced in by the market. I see no good outcome for the dollar at the moment...I will start shorting EU around 2250.
Everyone can see the chart, but only a few can actually read it.
Gap closed. Blue dots
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Guardian Angel
Two Clocks All Time Return: -16.0%
USD perilously close to being in the cloud
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It is quite bullish. I think it will soon reach 1.1600 and then continue moving further north.
Quoting materforex
{quote} Yea, if you want to buy first, go ahead lol. xd
It is now 5 pips away...
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You will be what you will to be
This is panning out just fine; USD is now deeply in the cloud. It could very easily storm back out of course
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da boys are still accumulating. so dip buying should continue.
In tea leaves we trust!
Not so much movement from what I was expecting, tomorrow's NFP may continue, or destroy this uptrend.

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Feels right this time!
I feel these days liquidity providers are stopping supply and move against retailers and stop out them. The move is onesided and volume kept low is purely for this purpose... So blind shorting or buying seeing the price high or low can backfire..
Quoting Leesi
I feel these days liquidity providers are stopping supply and move against retailers and stop out them. The move is onesided and volume kept low is purely for this purpose... So blind shorting or buying seeing the price high or low can backfire..
Do retail traders really have enough money on the table for the big players to care about them?
Yesterday trading, price still headed up to uptrend, the price success break upper band line, it's mean there is increase volatility market, but today I guess many traders will focus on NFP news and before the news released, probably the price will sideways, but this not always happens, sometimes before news releases the movement already move high volatile.
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Quoting Fxoday
Yesterday trading, price still headed up to uptrend, the price success break upper band line, it's mean there is increase volatility market, but today I guess many traders will focus on NFP news and before the news released, probably the price will sideways, but this not always happens, sometimes before news releases the movement already move high volatile. {image}
Yes, I agree with you. Sometimes Market already moves days or weeks before data release and it will still price in, days or weeks after released.

Adjusted my stops tighter..
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You will be what you will to be
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