EURUSD

Maybe the fundamentals will end the range this week. It has to end, sooner or later.

you're somewhat selective on your take on my trades. I was short reversed long and did ok just last friday. the issue isn't that i'm wrong, but i am not always quick enough to call it quits or reverse.

as for today, i see i was too early. it's the life.

I am not following your trades strictly, just wanted to give a friendly advice

i do reverse my trades but i'm not into fundies so we'll probably never agree.

I appreciate the shout.

EURUSD is going nuts!

There is nothing to agree/disagree when it comes to trading/investing. Fundamentals is the first most reliable resource every trader should look at for direction, in order to take the trade. If not, it is just gambling like flipping a coin and saying EURUSD is going up, no it is actually going down and so on, which trader ends up chasing the market.

"Annual inflation rate in the US accelerated to 6.8% in November of 2021, the highest since June of 1982, and in line with forecasts. It marks the 9th consecutive month the inflation stays above the Fed's 2% target as global commodities rally, rising demand, wage pressures, supply chain disruptions and a low base effect from last year continue to push prices up. Upward pressure was broad-based, with energy costs recording the biggest gain (33.3% vs 30% in October), namely gasoline (58.1% vs 49.6%). Inflation also increased for shelter (3.8% vs 3.5%); food (6.1% vs 5.3%, the highest since October of 2008), namely food at home (6.4% vs 5.4%); new vehicles (11.1% vs 9.8%); used cars and trucks (31.4% percent vs 26.4%); apparel (5% vs 4.3%); and medical care services (2.1% vs 1.7%). On the other hand, the inflation slowed for transportation services (3.9% vs 4.5%). Excluding food and energy, inflation went up to 4.9% from 4.6%, the highest since June of 1991. source: U.S. Bureau of Labor Statistics"

United States Inflation Rate | 2022 Data | 2023 Forecast | 1914-2021 Historical (tradingeconomics.com)

Higher inflation puts pressure on the fed to hike rates as inflation is way above their 2% inflation target. It is expected to trend higher in the short term, a rate hike should appreciate the currency USD. By reading these analysis in advance, we know where market is going up to 3 months and can make a proper trade with a money management, and actually go where banks and institutions are going. Go with the winners.


Slide 1 (citibank.com.hk)

I just gave you a very good source of informations, to help any trader to know where market is going. You can also check tradingeconomics website, very good information. That is how professional traders trade/invest, and for us retail trades, we can approach it professionally as they do. The issue is with a lot of traders, they are not willing to take the time and to analyze the market, so they think they are taking the easy way to day trade, but day trading you can only make money sometimes. Usually the market is not volatile day to day basis, so that is why traders that buy/sell and hold end up making a big buck on the longer term. IF you look at the VIX on daily, it shows what days are really volatile during the day and which is not. Most of them are not, and for day traders they need that volatility day to day but the market is not volatile day to day basis. That is why most of the day traders end up losing. Trading in general is a very boring business, but you must be patient and the profit will grow.

I have attached the VIX, from Feb to June, the volatility was very big up and down. But than from June.2020 up until now, look how low volatility is. That is why fundamentals are your best friend in trading, because you buy/sell and hold when you understand where market is going. Buy/sell and hold, that is the trading/investing business. Trader should understand Interest rates, GDP, inflation rate, employment, economic growth.

- Forex – Interest rates, inflation, GDP, risk sentiment
- Gold – Risk sentiment, US dollar, global supply & demand
- Oil – Global supply & demand
- Indices – GDP, risk sentiment
- Govt T Bonds – Interest rates, risk sentiment
- Stocks – Fundamental factors based on companies’ earnings, and profitability from producing and selling goods and services

i don't trade longer term, if i didi might on board what you are saying. good ta will highlight where big money is placing their bets. that's all i ready care about, because they move the markets....

i don't know if you follow goldman sacks but they regularly publish trade ideas that they actively trade against. lambs to the slaughter...

Read what I wrote again. Many day traders will not understand what I just explained. That is why day traders get stopped out day to day basis in trading. Until a trader understand macro/micro economics, they are just gambling, and will never make money in market, and will never trade full time for a living meaning being a full time job. It is just impossible. There is no TA that can highlight where big money is placing their bets, unless you can back it up with a good fundamental analysis, again going back to previous post what I attached and shared. Not a chance just spoting it on charts.

Is this Goverment o Australia...???? ---

The Urea shortage should be sending a clear message of how f'd up things are going to be since the largest export of it to Australia has just banned its export. So are the semi trucks going to work... covid is the least of your worries food getting to the stores is..for that matter is food going to grow without it.. farmers are going to be hit really hard

tp at x4170x

9 x 7 days, 1618 hours, 349 Million moments since solar minimum. The hours of days will hit the golden ratio the portal is open at 10am SELL DOLLARS. =P

I am selling Euro Suthmo.........

and buying the $JY . . . .

Great explanation and well-thought out. Thanks for sharing, Tech

Cycle hour 1618
60x60x60x24x7x9 = 326,592,000 ARC SECONDS FIB 32
Tue 10AM 11/01/2022
Motion emerges from process.

she tells me I should buy the euro

Its early yet, later 2 hours after the US opening, Powell will have the honor to move the market... near Suthmos hour. We should buckle up!