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  • #1,208,021
  • Jan 12, 2022 10:31am Jan 12, 2022 10:31am
Quoting ForexGoose
the dollar is still bullish according to this chart {image}
Don't be deceived by lagging indicators. USD is clearly breaking down, and therefore, bearish.
Learn from your mistakes and march on.
  • #1,208,022
  • Jan 12, 2022 10:56am Jan 12, 2022 10:56am
Quoting here2there
{quote} Don't be deceived by lagging indicators. USD is clearly breaking down, and therefore, bearish.
I don't think that it is breaking down. It is just more volatile.

https://www.fxstreet.com/news/eur-us...e-202201121633

Quote
“Our expected EURUSD range for Q1 is 1.1050 – 1.1600, and we continue to target 1.1150 for end-Q1. Levels above 1.1450 represent acceptable entry levels for fresh shorts from a risk-return perspective.”

“Despite the insistence of key ECB representatives that policy rate hikes are a long way off, euro area rates markets are pricing in a 25bp rate hike over the next 12 months and at least one more thereafter. This is more remarkable for the fact that the ECB has committed to ending balance sheet expansion before a rate hike is possible.”
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,208,023
  • Jan 12, 2022 11:06am Jan 12, 2022 11:06am
Quoting ForexGoose
{quote} I don't think that it is breaking down. It is just more volatile. https://www.fxstreet.com/news/eur-us...e-202201121633 {quote}
See this post: https://www.forexfactory.com/thread/...0#post13855110
Learn from your mistakes and march on.
  • #1,208,024
  • Jan 12, 2022 11:10am Jan 12, 2022 11:10am
Quoting here2there
{quote} See this post: https://www.forexfactory.com/thread/...0#post13855110
and what is your fundamental analysis based on that post?

my analysis indicates that the ECB will still be dovish, while the FED is already hawkish.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,208,025
  • Edited 11:50am Jan 12, 2022 11:24am | Edited 11:50am
Quoting ForexGoose
{quote} and what is your fundamental analysis based on that post? my analysis indicates that the ECB will still be dovish, while the FED is already hawkish.
Correct as FED are looking to hike rates and have it at around 2%-3% , ECB is not looking to do that just yet. This is just a pullback as always it happens in the market, EURUSD remains bearish, and I shared my previous chart, 1.1450-1.1500 should be a good entry for sell on EURUSD.

Fundamental analysis is the study of macroeconomics factors, that determine value and price of assets. Macroeconomics is how overall economy works. It studies things as employment, GDP, and inflation.

Forex, everything leads back to the following: GDP, inflation rates, interest rates (monetary policy).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 67 KB
  • #1,208,026
  • Jan 12, 2022 11:59am Jan 12, 2022 11:59am
Quoting ForexGoose
{quote} and what is your fundamental analysis based on that post? my analysis indicates that the ECB will still be dovish, while the FED is already hawkish.
I agreed with you about fundamental, but FED's rates is next report. From now on this is real battle, the EUR wave's already 5 cents down and it will pull back at least haft way, so why not take profit to the next FED's rates report, then stop.
This is a real battlefield of bull/bear,, If in military, Lieutenant knows fundamental (whole battalion), Sergeant knows technical skills(fighting corner by corner),, so who is best between Sergeant and Lieutenant ? I tell you what: None of them,,, but if we put 2 guys work together, i'm sure we win the battle.. simple activities
BullShit BearShit
  • #1,208,027
  • Jan 12, 2022 12:17pm Jan 12, 2022 12:17pm
Primary target 1450 ding. I'm a bear.
Founder of Sutherland Wave Principle
  • #1,208,028
  • Jan 12, 2022 12:18pm Jan 12, 2022 12:18pm
nice move - sorry i missed it.

cd is saying tha buyers will hold this firm. buy the dips .....
In tea leaves we trust!
  • #1,208,029
  • Jan 12, 2022 12:47pm Jan 12, 2022 12:47pm
Quoting Learner-xx
Sell USD/CHF !!!
Air force
  • #1,208,030
  • Jan 12, 2022 3:49pm Jan 12, 2022 3:49pm
Quoting ForexGoose
{quote} and what is your fundamental analysis based on that post? my analysis indicates that the ECB will still be dovish, while the FED is already hawkish.
The fundamentals can be seen on the chart I shared with you. It is unnecessary to go into details beyond this.
Learn from your mistakes and march on.
  • #1,208,031
  • Jan 12, 2022 4:12pm Jan 12, 2022 4:12pm
Reverse symmetrical triangle top she about to dive. Just hit the E position.
Founder of Sutherland Wave Principle
  • #1,208,032
  • Jan 12, 2022 6:31pm Jan 12, 2022 6:31pm
Quoting here2there
{quote} The fundamentals can be seen on the chart I shared with you. It is unnecessary to go into details beyond this.
Fundamentals can't be seen on the chart. What you are seeing on EURUSD daily chart is a pullback, as it always happens. Banks and institutions are waiting for liquidity so they can load more positions. EUR is still in a bad shape based on economy, USD is doing better, especially with hiking rates. That is a big light bulb in advance, without looking at the chart that EURUSD will go down. Just have to wait for the pullback and you can re-enter sell on EURUSD. At 1.1450 where daily fresh supply zone is, or a bit above around 1.1500.

Sometimes it can break the fresh supply zone, which is called stop loss hunting, and than it goes down. But a lot of retail traders, will think that it is a "breakout" signal, and they will jump to buy, but not the case, it turns goes back down, takes all their positions out and they lose money like most of the time. I use my charts strictly to see where are supply/demand zones, and use it to enter positions. That is all I use my charts for. Everything else is fundamentals macroeconomic research analysis, and just waiting for the right moment to enter either buy/sell. The good thing about fundamentals is, you can start to buy/sell rumours way ahead when the banks start announcing what they are going to do in advance with GDP, interest rates, inflation and so on. That is always a hint for what you can do and prepare in advance. So either buy, sell or do nothing and just wait. There is no traders out there that are making money in this business only based on reading the charts, none, zero, if they say otherwise they are lying. Charts are good to look at and use it as a tool, but it is definitely not the tool to rely on 100%. I actually do not rely on it much, just drawing supply/demand zones and using it as to where to enter buy/sell. I do not put stop losses anymore, or take profit. I know where I will exit in case something major happens and goes against me, and i also know where to take profit. That is it. Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 81 KB
  • #1,208,033
  • Jan 12, 2022 6:39pm Jan 12, 2022 6:39pm
Quoting Techanalyst
{quote} It studies things as employment, GDP, and inflation. Forex, everything leads back to the following: GDP, inflation rates, interest rates (monetary policy). {image}
none of thats real ,how about stimulus
what happens once they stop QE and raise to 2-3%
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,034
  • Jan 12, 2022 6:40pm Jan 12, 2022 6:40pm
Quoting Techanalyst
{quote} Fundamentals can't be seen on the chart. What you are seeing on EURUSD daily chart is a pullback, as it always happens. Banks and institutions are waiting for liquidity so they can load more positions. EUR is still in a bad shape based on economy, USD is doing better, especially with hiking rates. That is a big light bulb in advance, without looking at the chart that EURUSD will go down. Just have to wait for the pullback and you can re-enter sell on EURUSD. At 1.1450 where daily fresh supply zone is, or a bit above around 1.1500. Sometimes...
it is a breakout after weeks side action
you overestimate the trend
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 135 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,035
  • Jan 12, 2022 6:49pm Jan 12, 2022 6:49pm
Quoting Bones
{quote} none of thats real ,how about stimulus what happens once they stop QE and raise to 2-3%
That is all real, that is how market works. Not based on charts, but based on macroeconomics. Charts get the data from macroeconomics, that the other way around.
  • #1,208,036
  • Jan 12, 2022 6:50pm Jan 12, 2022 6:50pm
Quoting Bones
{quote} it is a breakout after weeks side action you overestimate the trend {image}
No, that breakout will clear out a lot of buyers that are holding, once it turns around and goes back down again.
  • #1,208,037
  • Jan 12, 2022 6:50pm Jan 12, 2022 6:50pm
Quoting Techanalyst
{quote} Fundamentals can't be seen on the chart. What you are seeing on EURUSD daily chart is a pullback, as it always happens...
When I said the fundamentals can be seen on the chart I shared, I was referring to the effect of the fundamentals. It's similar to the idea of a chartist telling a news only trader that the news can be seen on the chart. One doesn't have to read the news to see its effect on a chart.

Will this bullish activity we are seeing on EURUSD turn out to be nothing more than a pullback? Time will tell. The only guarantee we have in this market is there will be winners and losers.
Learn from your mistakes and march on.
  • #1,208,038
  • Jan 12, 2022 6:51pm Jan 12, 2022 6:51pm
Quoting Techanalyst
{quote} That is all real, that is how market works. Not based on charts, but based on macroeconomics. Charts get the data from macroeconomics, that the other way around.
if you drop 5 trillion new money into a 20 trillion economy ,nothing is real
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,039
  • Jan 12, 2022 6:52pm Jan 12, 2022 6:52pm
Quoting Bones
{quote} if you drop 5 trillion new money into a 20 trillion economy ,nothing is real
Macroeconomics disagrees, and it proves that it is real and it has big effect on economy. So it is very real.
  • #1,208,040
  • Jan 12, 2022 6:52pm Jan 12, 2022 6:52pm
Quoting here2there
{quote} When I said the fundamentals can be seen on the chart I shared, I was referring to the effect of the fundamentals. It's similar to the idea of a chartist telling a news only trader that the news can be seen on the chart. One doesn't have to read the news to see its effect on a chart. Will this bullish activity we are seeing on EURUSD turn out to be nothing more than a pullback? Time will tell. The only guarantee we have in this market is there will be winners and losers.
So if you are so sure of fundamentals on charts, we can all see that USD is still economically stronger then EUR, why is it that we see EURUSD going up at the moment? What is the reason?
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