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The Strength of USD

  • #641
  • Oct 29, 2021 8:44am Oct 29, 2021 8:44am
Sell-Limit EUR @ 1.1648 —> 1.1694 / 1.1508 ...
Market is not random but unpredictable
  • #642
  • Nov 3, 2021 12:47pm Nov 3, 2021 12:47pm
Wise men said …
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Market is not random but unpredictable
  • #643
  • Nov 3, 2021 3:39pm Nov 3, 2021 3:39pm
When planning a trade, EP should be calculated after SL and TP are known/determined …
Market is not random but unpredictable
  • #644
  • Nov 4, 2021 7:54pm Nov 4, 2021 7:54pm
A simple way to read the market:
1. When previous candle’s high is broken, a support is formed;
2. When previous candle’s low is broken, a resistance is confirmed …
Market is not random but unpredictable
  • #645
  • Nov 5, 2021 5:48am Nov 5, 2021 5:48am
Quoting 4for4
A simple way to read the market: 1. When previous candle’s high is broken, a support is formed; 2. When previous candle’s low is broken, a resistance is confirmed …
not really ..often fake spikes happend
  • #646
  • Edited 7:46am Nov 5, 2021 7:02am | Edited 7:46am
Quoting pridolfx
{quote} not really ..often fake spikes happend
Spikes or quick-breakouts usually happen in the daily or lower timeframes. That’s why I recommend the use of weekly chart to identify the ongoing trend ...

Uptrend = Higher-and-higher supports; Downtrend = Lower-and-lower resistances; Change of Trend happens when the last formed support of an uptrend or the last formed resistance of a downtrend is broken ...
Market is not random but unpredictable
  • #647
  • Edited 5:42pm Nov 5, 2021 4:53pm | Edited 5:42pm
Quoting 4for4
... Trend-Reversal Level (TRL) is a dynamic level that, when broken, will change the course of the ongoing trend. During an uptrend, TRL = last-formed support. During a downtrend, TRL = last-formed resistance.
For a trend-following strategy, always use TRL as initial-&-trailing stop ...
Market is not random but unpredictable
  • #648
  • Nov 6, 2021 6:04am Nov 6, 2021 6:04am
Since we have no idea which support or resistance levels will be “respected” by the price, always use the last-formed support or resistance as stop-level …
Market is not random but unpredictable
  • #649
  • Nov 6, 2021 7:47pm Nov 6, 2021 7:47pm
Trading involves risk, and if we calculate our risk appropriately before initiating a trade, we should be comfortable maintaining that level of risk throughout the life of the trade … (set-and-forget approach)
Market is not random but unpredictable
  • #650
  • Nov 7, 2021 6:07pm Nov 7, 2021 6:07pm
Do we know exactly what kind of market behavior to wait for before planning a trade?
Or, are we just trying to make a deduction out of the current market condition?
Market is not random but unpredictable
  • #651
  • Nov 9, 2021 4:18am Nov 9, 2021 4:18am
Don’t analyze the market to find trades, but do it to develop a system ...
Market is not random but unpredictable
  • #652
  • Nov 10, 2021 3:08am Nov 10, 2021 3:08am
A system can only be developed if the purpose of analysis is bigger than just determining buy or sell decisions. Since markets are closed on weekends I utilize this time to establish a bigger picture of the market.
  • #653
  • Edited 7:30am Nov 10, 2021 5:05am | Edited 7:30am
Quoting nourhanfahmy
A system can only be developed if the purpose of analysis is bigger than just determining buy or sell decisions. Since markets are closed on weekends I utilize this time to establish a bigger picture of the market.
Before we can develop a system, we need to learn how to read the market systematically and define things technically …

And the reason I do my updates on weekends is because my strategies are based on the weekly charts …
Market is not random but unpredictable
  • #654
  • Nov 10, 2021 3:33pm Nov 10, 2021 3:33pm
Quoting 4for4
When planning a trade, EP should be calculated after SL and TP are known/determined …
We can’t control the win-rate of a strategy, but we can maintain a consistent risk-to-reward ratio ...
(1:3 is highly recommended)
Market is not random but unpredictable
  • #655
  • Nov 12, 2021 1:04pm Nov 12, 2021 1:04pm
Buy-Limit Oil (CLR) @ 79.48 —> 78.23 / 88.25 …
Market is not random but unpredictable
  • #656
  • May 28, 2022 4:45pm May 28, 2022 4:45pm
This thread needs some 2022 love

Or is it time for a "The Weakness of USD" thread?

What do you see for PRICE ACTION?

As always, all comments, suggestions, criticisms, and analyses are appreciated.

And don't forget to smash the thumbs-up button!

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It takes a lot for me to IGNORE you, but you can try.
  • #657
  • Jun 9, 2022 3:31pm Jun 9, 2022 3:31pm
USD fooled everyone again?

well, maybe not the FIBO people

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It takes a lot for me to IGNORE you, but you can try.
  • #658
  • Jun 14, 2022 6:59pm Jun 14, 2022 6:59pm
Really? this is the state of the market 16 hours before the US potentially raises the interest rate?

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For the dollar and USD/JPY in particular, 150 is a far target but an achievable one if the Fed raises by 75bp and suggests 50bp of tightening at the next 2 to 3 meetings. However, if they only raise rates by 50bp instead of 75bp, even if they intend to continue tightening consistently over the next few months, the dollar should sell-off in disappointment with the better trade being long EUR/USD than short USD/JPY.

However, with a clear aggressive path of tightening still ahead, the dollar’s pullback will be short-lived.
It takes a lot for me to IGNORE you, but you can try.
  • #659
  • Jun 14, 2022 11:35pm Jun 14, 2022 11:35pm
We might change the title:
"The weakness of USD"
With or without a FED's news it will goes down.
  • #660
  • Jun 15, 2022 1:01pm Jun 15, 2022 1:01pm
Given that it still looks like this, would you say the "big boys" or the bank traders knew something in advance?

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It takes a lot for me to IGNORE you, but you can try.
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