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  • #171,521
  • May 3, 2023 5:08am May 3, 2023 5:08am
Quoting arthurbolbos
{quote} Yes it goes up without any hesitation. But if there is something happening overseas it affects the USD directly.
Manipulation by MM?
  • #171,522
  • May 3, 2023 5:15am May 3, 2023 5:15am
USDX
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EURUSD
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  • #171,523
  • May 3, 2023 5:45am May 3, 2023 5:45am
Quoting tranvanloc
Yesterday I analyzed a short-term downtrend and set a target of 1.0920 but the price only fell to 1.0943 until the USD-related economic data at 9:00 US session pushed the price up again. It is approaching two equal highs and the Chinkou line at the moment is still in price not seeing this line clearly. Thin and flat futures kumo cloud showing the sideways market from last week on the H4 time chart. To break these levels, it might need a dip to gain momentum for a strong bounce. If the FOMC news is strong enough will be the catalyst to reach the...
Indeed, there should be some kind of pullback - if we take out ~1.10570 first, the 50% of fibo shows 1.10 exactly. Weaker pullback (38) = 1.10130, stronger (61) = 1.09860 (your fair value gap). As always time will tell
  • #171,524
  • May 3, 2023 5:59am May 3, 2023 5:59am
Quoting duderoo1
{quote} Seems no matter the news euro goes north….
Maybe we completely don't understand the current global situation, especially what's going on behind the scenes.
What if the domination of the USD slowly comes to an end in favor of China's yuan? What if the Russia-Ukraine war will end sooner?

Quote
The cost of insurance against US insolvency measured by the price of CDS (Credit Default Swaps) rose on Friday to EUR 74.3, the highest since 2009. Treasury Secretary Janet Yellen said yesterday that the United States may not be able to pay its bills until June 1 if Congress does not raise or suspend the debt ceiling, putting pressure on President Biden and lawmakers to reach an agreement to avoid default.
Source: https://stooq.pl/mol/?id=32752
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https://www.wsj.com/articles/the-air...bshare_twitter

Etc etc. There are many factors, which we don't know and simple can't know of.
  • #171,525
  • May 3, 2023 6:28am May 3, 2023 6:28am
Quoting MateuszFx123
{quote} Maybe we completely don't understand the current global situation, especially what's going on behind the scenes. What if the domination of the USD slowly comes to an end in favor of China's yuan? What if the Russia-Ukraine war will end sooner? {quote} Source: https://stooq.pl/mol/?id=32752 {image} https://www.wsj.com/articles/the-air...bshare_twitter Etc etc. There are many factors, which we don't know and simple can't know of.
perhaps, just seems the bad news on the Europe side is quickly ignored when the US takes stage.

Regards FOMC and the Fed pivoting I doubt that will happen anytime soon. Inflation is still very high not even near the 2% target yet people are wondering when the FED will be cutting rates
  • #171,526
  • May 3, 2023 6:40am May 3, 2023 6:40am
  • #171,527
  • May 3, 2023 6:42am May 3, 2023 6:42am
Quoting andvk74
{image}
hoping this plays out
  • #171,528
  • May 3, 2023 7:01am May 3, 2023 7:01am
Quoting fontu
Happy to see overnight progress towards 1045 /64 targets 2 presently after target 1 1019 hit! Let it run to see how far, as in one last leg up. Hope over 1064 and hold for 1121/40 +++ or fail to further down logically but with no probability! Usdx likely not recover and continue crash land over hard! Take care {image}
Weldone so far and looks ready for next high impact news after 15 minutes.. A bigger range open to play today without dicision! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #171,529
  • May 3, 2023 7:04am May 3, 2023 7:04am
Quoting buddha-
I have seen you post just this coffee cup a few times now, just so I/we know, what's with that?
Watching & Learning
  • #171,530
  • May 3, 2023 7:14am May 3, 2023 7:14am
Quoting arthurbolbos
{quote} Did you have no option to leave the position open to see what the news today might bring? I mean from the scalp strategy to stay for a short time ( hours/1-2 days ) into a swing/investing strategy?!
No, because the idea for the shorts was broken and in times like that i would rather take a smaller loss then keep it and end up holding the bag
  • #171,531
  • May 3, 2023 7:24am May 3, 2023 7:24am
Jobs data was highly favoring US and it barely moved in that direction.
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  • #171,532
  • May 3, 2023 7:36am May 3, 2023 7:36am
Quoting duderoo1
Jobs data was highly favoring US and it barely moved in that direction. {image}
A very good example regarding the news for what the EUR is not " hurt " at all.
The marked looked like the news where in favor of the EUR not the USD
The number that appeared there should've moved the market a little bit more, like at least the half of 1D candle, if we look in the past... or maybe I am missing something.
Keep trading and learning or keep learning and trading!
  • #171,533
  • May 3, 2023 7:51am May 3, 2023 7:51am
Hi,
Closed my long (yesterday)and my short from today. I think we go for the 1.1 again....

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Best
Chriss
  • #171,534
  • May 3, 2023 7:53am May 3, 2023 7:53am
Checking pa usdx get to support first to bounce enough if possible!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #171,535
  • May 3, 2023 8:06am May 3, 2023 8:06am
Quoting chrissfx
Hi, Closed my long (yesterday)and my short from today. I think we go for the 1.1 again.... {image} Best Chriss
Yes this was clearly a market maker ploy. They knew that the majority will be shorting after the ADP news since the news came in favor of USD. But its a day of multiple red news, so they decided to pull a fast one fight off the bat - It is what it is - we can never outsmart them as they have all the controls - we normally just get happy with the crumbs they leave behind - lol
Live long and prosper with green pips!
  • #171,536
  • May 3, 2023 8:07am May 3, 2023 8:07am
Quoting D7S
{quote} Yes this was clearly a market maker ploy. They knew that the majority will be shorting after the ADP news since the news came in favor of USD. But its a day of multiple red news, so they decided to pull a fast one fight off the bat - It is what it is - we can never outsmart them as they have all the controls - we normally just get happy with the crumbs they leave behind - lol
yes, they are the roulette masters and they get to to call the number it lands on.....How very fair, their license to print money
Watching & Learning
  • #171,537
  • May 3, 2023 8:24am May 3, 2023 8:24am
Quoting D7S
{quote} Yes this was clearly a market maker ploy. They knew that the majority will be shorting after the ADP news since the news came in favor of USD. But its a day of multiple red news, so they decided to pull a fast one fight off the bat - It is what it is - we can never outsmart them as they have all the controls - we normally just get happy with the crumbs they leave behind - lol
I won't debate your theory here only to say this:

If you really believe that the Forex market is as corrupt as you posted WHY ARE YOU TRADING? If you ALREADY KNOW that they manipulate the markets and you participate then....just saying.

PERSONALLY I believe that this is a simple buy the rumor (FOMC) then sell the facts. Happens ALL THE TIME.
  • #171,538
  • May 3, 2023 8:24am May 3, 2023 8:24am
Have come to realize that market is trying everything to be bullish so it put me in a wrong trade
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  • #171,539
  • May 3, 2023 8:26am May 3, 2023 8:26am
do you think an increase in the interest rate will make the price take us up or down? ???
  • #171,540
  • May 3, 2023 8:26am May 3, 2023 8:26am
Checkout this article - Its about FOREX.COM - a leading broker in the US - Their system glitched and one trader made 700+ thousand within 60 minutes - hahaha
Now they are trying to recover the money from the trader

https://fxnewsgroup.com/forex-news/r...ecution-error/
Live long and prosper with green pips!
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