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  • #1,214,341
  • May 4, 2022 6:34am May 4, 2022 6:34am
Quoting Js3mwtRc
{quote} Now I get it! I don't use correlation very much only to connect the dots with fundamentals if, they agree with the main trend, then its ok, but I may not use it at all. Good luck today!
good luck to you too.
  • #1,214,342
  • May 4, 2022 6:42am May 4, 2022 6:42am
Quoting Js3mwtRc
{quote} Now I get it! I don't use correlation very much only to connect the dots with fundamentals if, they agree with the main trend, then its ok, but I may not use it at all. Good luck today!
ECHF = EU * UCHF

clearly for ECHF to go north

both EU & UCHF need to go north

this is why direction of EU can NEVER be decided by UCHF lol
  • #1,214,343
  • May 4, 2022 6:48am May 4, 2022 6:48am
Quoting PatienceFx
{quote} ECHF = EU * UCHF clearly for ECHF to go north both EU & UCHF need to go north this is why direction of EU can NEVER be decided by UCHF lol
if that is the case then EU should move opposite GU because of EG action

this is why it does not work
  • #1,214,344
  • May 4, 2022 6:52am May 4, 2022 6:52am
USD Index is 70% EURUSD as inverse ; so following USD index is useless lol

just google formula of USD index, you will die laughing
  • #1,214,345
  • May 4, 2022 6:57am May 4, 2022 6:57am
whether it is forex or it is stock markets

real money is made by INVESTING and never by TRADING

when you sell eurusd , you are INVESTING IN USD
  • #1,214,346
  • May 4, 2022 7:08am May 4, 2022 7:08am
Quoting PatienceFx
{quote} ECHF = EU * UCHF clearly for ECHF to go north both EU & UCHF need to go north this is why direction of EU can NEVER be decided by UCHF lol
Yes,
and here the point is that in the event of an imbalance, we do not open a position in eur / chf.
eur / usd or usdchf only.
In the event of an imbalance, one of the two pairs will publish an adjustment.
just test it.
---------------------------------------
this no other cross pairs will work.
  • #1,214,347
  • Edited 9:31am May 4, 2022 7:30am | Edited 9:31am
Quoting tiborf71
{quote} Yes, and here the point is that in the event of an imbalance, we do not open a position in eur / chf. eur / usd or usdchf only. In the event of an imbalance, one of the two pairs will publish an adjustment. just test it. --------------------------------------- this no other cross pairs will work.
eur / usd-usd/chf.
I just looked at their correlation.
eur / usd-buy
usdchf-sell
H1-H4
RISK FACTOR WILL BE THE WEEKLY NFP.
  • #1,214,348
  • May 4, 2022 7:38am May 4, 2022 7:38am
Quoting PatienceFx
whether it is forex or it is stock markets real money is made by INVESTING and never by TRADING when you sell eurusd , you are INVESTING IN USD
Respectfully disagree because...

Stocks = part of a company. Stocks pay dividends, make products/goods/services (1 or all of the above)

Currency = instrument used to pay for goods/services/products.

So how can one invest in USD? Purchase it and use IT to purchase goods/yadda/yadda....

Investment = HOLDING OVER TIME

If you put your cash (irregardless of which country - Euro/Dollar/Aussie/Yen/Rubble) under your mattress and hold it over time you get NOTHING but lost opportunities AND in the case of USD you LOSE purchasing power by holding dollars at 0% vs. 8% inflation rate.
...because you never know - until you do!
  • #1,214,349
  • May 4, 2022 7:39am May 4, 2022 7:39am
Is it me or is the FED looking dumber and dumber by rate hiking after that report?
  • #1,214,350
  • May 4, 2022 7:43am May 4, 2022 7:43am
Quoting investing101
Is it me or is the FED looking dumber and dumber by rate hiking after that report?
Do they read the reports???
To free Gazans of Hamas, use whatever it takes.
  • #1,214,351
  • May 4, 2022 7:46am May 4, 2022 7:46am
Quoting DrDave
{quote} Do they read the reports???
yeah which is why it’s surprising why rates are likely going up. Counterintuitive.
  • #1,214,352
  • May 4, 2022 7:58am May 4, 2022 7:58am
Quoting investing101
{quote} yeah which is why it’s surprising why rates are likely going up. Counterintuitive.
Well, IF they indeed read the reports, then it looks like whoever is the decision maker does it simply to look for agreement with HIS take on things. And if there is disagreement, he doesn't let that sway his position. So in the end, it doesn't matter which way that the report reads.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,353
  • May 4, 2022 7:59am May 4, 2022 7:59am
a less hawkish FED can result in DXY going to 102
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,214,354
  • May 4, 2022 8:09am May 4, 2022 8:09am
Quoting investing101
Is it me or is the FED looking dumber and dumber by rate hiking after that report?
It's just you.

FED SHOULD raise rates by 0.75% today.

If you read too much into a SINGLE REPORT then you will always be running around like chicken little claiming the sky is falling.

ALL BS Aside:

USA interest rates WILL BE 3.0% OR GREATER BY THE END OF 2022!

There I said it and you can come and rub my nose in this quote on December 31, 2022 - but from an economic viewpoint this is what needs to occur to get inflation under control. And yes it will cause a recession in the USA just not as bad as people think, unless the Democrats get a boost in November from the R.v.W. crap.
...because you never know - until you do!
  • #1,214,355
  • May 4, 2022 8:11am May 4, 2022 8:11am
Quoting investing101
{quote} yeah which is why it’s surprising why rates are likely going up. Counterintuitive.
It's not counterintuitive - try NOT to think like a day trader and look at the LONG TERM TRENDS
...because you never know - until you do!
  • #1,214,356
  • May 4, 2022 8:14am May 4, 2022 8:14am
Stupid Question
If the HIGHS IMPACTS -> are all Less in the Actual the EUR will go up or down?
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  • #1,214,357
  • May 4, 2022 8:21am May 4, 2022 8:21am
Interest rate should be 10% already. The inflation is too high and abortion is being banned.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,214,358
  • May 4, 2022 9:02am May 4, 2022 9:02am
signal there after long time , bull should be carefull . take care as still in rudimentary stage , handle with sl !
1st confirmation will be 0500 , next 0470 , breaks and hold then target goes to 0400 , and 0336 .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,214,359
  • May 4, 2022 9:41am May 4, 2022 9:41am
Quoting ForexGoose
Interest rate should be 10% already. The inflation is too high and abortion is being banned.
lmao

every word is double meaning , thanks for the laugh
  • #1,214,360
  • May 4, 2022 9:54am May 4, 2022 9:54am
People should give advice, if they are willing to take the trade. They should also have a spot where they void the advice. That should be stated.
If not, its like reading stuff on the bathroom wall. "if it does this, I'm right" or "if it does this, I'm wrong".

If after FOMC (Today) pa is below -1.0506.8. With s day close. PA should continue lower, and get close to the 1.03xx low. I personally think it will break that low. Where i will be wrong if this happens, if later price closes above 1.0584.5. Between the 2 is 1.0555. A stop loss could be above 1.0555, or above 1.0584.5.

In the effort to test and make a LL. There will probably be some bouncing near the 1.0325 area.

If wrong about what I posted (in my trade). I already wrote it here. I already stated it. So being wrong about the trade i take. Has a possible forecast of what bulls want and need. Bulls you want FOMC today to close above 1.0584.5. I can close my trade, and take that one too. Getting caught up in a bias is detrimental at times. My bias is the trend, and fundis. So i prefer to be short, I prefer to sell bounces. I can long as things change, if things change. Good luck..
those who can, do. those who cant, talk about those who can
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