EURUSD

Yes I can confirm from my end it is a glitch

This is a prediction of further move

Actually mine goes to 0!
Try one of the USDX picks as a data source

believe the true trend, the trend will be in accordance with the actual reality, unless the trend is fake ... the logic behind this statement, the central bank makes the true trend is for the sake of the country's economic growth and the interests of the people in a country .... not for the sake of manipulating prices for a few tens of pips or even hundreds of pips .... but if you don't believe a true trend then there is nothing else to believe in market analysis ... one example is 80% of rumors that always appear and disappear are fake


filter your chart with renko / PnF / Khagi /Heiken Ashi or another chart as additional information, .... so decisions are made based on data and not by price fluctuations or rumors
react quickly and accurately, when you see a temporary change, because it is unavoidable that elements of scam and fraud will always be present in price movements and this is a part that must be accepted and enjoyed ....
because price movements are a reflection of the product of emotions from various market participants .... the central bank will set a lower limit and an upper limit for price movements and then sit quietly and monitor ... the central bank will only intervene and give penalties when there are deviations / violations of the scenario which they have made.
drama will be finish in New York session

JY --- Looks like a good low to buy.....

next plan:

long until around 1.005 and then short, testing 0.996 and 0.986, but should go past the 2 and beyond

happy pips

Eu H4 sell set up

if not enough correction happened, then it's already running out from normal

Attached Image (click to enlarge)

EG sell is a bit better choice.
But maybe H1 will turn a bit quicker and there will be a sell setup on EU first.

EDIT: In the mean time, UJ was in an even better setup for shorting so I was in and out for 30 pips.

Wave principle update, we already told u what's happening. See you when our targets print.

GU was undecided, so I sold both EU and EG.
EU TP 20 pips hit.
EG still open.

Who Are The Players in Forex?

Now we've looked at the general market structure in forex market, we'll dive a bit deeper to find who are these people climbing the FX Ladder?

It's important for you to know the nature of the spot fx market and who are the main forex market players.

Forex was only accessible to big player before 1990s. The initial requirement was you could only trade if you had about ten to fifty million to start with.

Forex was set up first for the bankers and large institutions, but not the ordinary folks.

So here are the major market players:

1. Super Banks

The forex spot market is decentralized, it's the largest banks in the world that determine currency exchange rates.

When it comes to supply and demand in currencies, they're generally the ones that make the bid/ask spread fee's.

These large banks together form the interbank market, they take on huge amount of forex transactions each day for both their customers and their selves.

They control the flow of markets.

For the flow monsters, the game is volume and capturing a share of the trading flow of currencies.

Some of these flow monsters are Citi, JPMorgan, UNS, Barclays, Deutsche Bank, Goldman Sachs, Bank of America and HSBC.

2. Big Commercial Companies

Companies use the foreign exchange market as a function of doing business.

These companies are exchanging their currencies for another countries currencies in order to buy the other countries products.

The volume they trade is a lot smaller than the big players in the interbank market. These types of players typically deal with commercial banks for doing transactions.

Mergers and acquisitions (M&A) between large companies can create fluctuations in currency exchange rates.

With international cross-border M&As, much of the currency conversation happens which could move prices around.

3. Central Banks / Governments

The Governments and the Central banks, like European Central Bank, the Federal Reserve, and the bank of England all regularly use the forex market as well.

Companies and national governments participate in forex markets for their operations, to make international trade payments, and to handle their foreign exchange reserves.

They say the Central Banks affect the forex market when they adjust interest rates to control inflation.

They claim by doing this they can effect currency valuation.

It's claimed in some cases where the central banks have intervened, either directly or vocally, in forex market when they want to re align exchange rates.

It's claimed the central banks can change prices by moving big orders around.

4. The Speculators

Currency speculation the art of buying and holding foreign currencies in hopes of selling that currency at a higher exchange rates in the future.

This is different from those who want to buy currencies to aid in financing foreign investments or help paying for imported products and services.


You've got to be in it to win it.

Forex market speculation involves buying and selling currencies with a view to making a profit.

Speculators focus on prices changes.

We speculate because there's uncertainty in the market and no one can know for sure where currencies pairs price will go up and down (wave principle knows).

Traders assess possibilities multiple scenarios before they place trades.

Making up close to 90% of all trading volume, the speculators come in many different varieties.

some with fat pockets, some without much, but they all come to forex hoping to make bucket loads of cash.

Once you graduate from trading school, you may end up in this crowd.

Now it's time to learn about some forex History.

BANG. . . . . Took my prfts and reversed to long now. Target at E. ~ 35-40

I suppose you see the A-B-C-D-E corr. ..... See you there...

Have to fill in all that uneven price gap?
We filled a gap with different type of price gap?

Going to start trading this one soon on my hedge strategy live account

Analysts may make many mistakes during CPI so the company suffered a big loss .... Today 2 releases in the same language, as if protesting over the superior of USD (Forexdotcom and fxpro News

If the USD desired weakened it could be ... but the down trend must be completed ... or at the time of the release of the USD interest rate increase .... the price dropped 1000 pips, then the target down trend was finished ....

there is no mistake in CPI price down

What's Traded In Forex?

Forex market is where we trade money, it's not anything physisical and can be confusing. It's like speculating on the strength of the country in wich that currency is based. It's like buying shares in a company.
They say a currencies price is usually a direct reflection of the market's oppinion on teh current and future health of a particular countries respective economy. They say a currencies price is a reflection of the state of the economy for that country when it's compared to other economies.

They say the price reflects the health and prosperity of the country. Buying currency is like buying a particular share in a company.

When you buy the Japanese Yen for exaple, you're basically buying "Shares" in the economy of Japan.
So you're betting that Japans economy is doing well, and will even get better in the future.
When you sell your "shares" back to the market, with good planning, you can end up with a profit.
Generally, the exchange rate of a currency versus the other currencies can be a reflection of the countries economic condition compared to other countries.
When you graduate trade school, you'll be eager to start working in currencies.

Major Currency Pairs
There's lots of potential currencies you can trade with. As a new trader in forex, you'll probably start trading with these "major currencies".
CAD Canadian Dollar
GBP Great British Pound
EUR European Euro
USD U.S Dollar
CHF Swiss Frank
AUD Australian Dollar
JPY Japanese Yen
NZD New Zealand Dollar...


This is so boring, perfect time to study the school of trading... hey if it's exciting your not doing it rite.

Why is the CAD nicknamed Loonie?