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EURUSD

  • #1,221,101
  • May 23, 2023 11:49am May 23, 2023 11:49am
Quoting FxSnapper
{quote} I can't see based on charts, so I considered fundamentally. To which, I can't even see EUR/USD going down. Fundamentally, I would be arguing for EUR/USD to strengthen.
The most I can attribute the likelihood of a further drop is due to retracement/correction. But to drop to .06, a very moving news has to materialize so as to give the bears a strong conviction to sell the Euro even more.
"No trade is still a trade." - Peter Borish
  • #1,221,102
  • May 23, 2023 11:53am May 23, 2023 11:53am
Quoting Lbrto
{quote} The most I can attribute the likelihood of a further drop is due to retracement/correction. But to drop to .06, a very moving news has to materialize so as to give the bears a strong conviction to sell the Euro even more.
Let's not fall to confirmation bias. Let's wait for him to offer his pov so we can consider it see if we could be wrong. Cheers.
  • #1,221,103
  • May 23, 2023 1:01pm May 23, 2023 1:01pm
continue sideways until tf h4
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The Average Discount Everything
  • #1,221,104
  • Edited 2:59am May 24, 2023 2:44am | Edited 2:59am
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The Average Discount Everything
  • #1,221,105
  • May 24, 2023 6:11am May 24, 2023 6:11am
Quoting FxSnapper
{quote} Curious, why would you think that EUR/USD can go down very fast? The sentiment ranges from very negative on USD to neutral. Even those who believe there will be one more rate hike believes that the hiking cycle has come/is coming to an end. On the other hand, ECB has mentioned they are still open to hikes. This supports EUR/USD going up. I'm not saying EUR/USD is heading up, but I'm not seeing a quick slide down for EUR/USD or GBP/USD even.
...i hope you're enjoying the ride since 1.105... already 300 pips and more to come
  • #1,221,106
  • May 24, 2023 6:17am May 24, 2023 6:17am
Quoting energies
{quote} ...i hope you're enjoying the ride since 1.105... already 300 pips and more to come
Was expecting a logical discussion but ok.
  • #1,221,107
  • May 24, 2023 6:45am May 24, 2023 6:45am
This pair in may got completely fucked, extreme low volatility, zigzag every fucking day. Its almost like everyone went to vacation.
  • #1,221,108
  • May 24, 2023 7:39am May 24, 2023 7:39am
Quoting mades
This pair in may got completely fucked, extreme low volatility, zigzag every fucking day. Its almost like everyone went to vacation.
untradable in my view. Picked low today for 5 pips and top at 1.0801 for 5 pips and closed. I have some stats so I can see extreme overdone markets. Very seldom what you see today but it is classical market manipulation. Drop and buy back we have seen today. I wonder what ECB and banking supervision says to these action today. For me classical cartel action of big banks.

2 years they get sued for today. we had that before few times, I think in 2008, 2011 and 2018. Yes, this happens and yes, mainly if majority is on holiday. It is just easier. Less people, less money needed.
  • #1,221,109
  • May 24, 2023 8:13am May 24, 2023 8:13am
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The Average Discount Everything
  • #1,221,110
  • May 24, 2023 10:00am May 24, 2023 10:00am
BUY now BULLS with all power
The Average Discount Everything
  • #1,221,111
  • May 24, 2023 10:04am May 24, 2023 10:04am
Quoting FxSnapper
{quote} Was expecting a logical discussion but ok.
...sory brov, no much time for discussions... let's see at 1.06, stop there or going futher down?
  • #1,221,112
  • May 24, 2023 4:19pm May 24, 2023 4:19pm
....good luck for longs...
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  • #1,221,113
  • Edited 10:02pm May 24, 2023 9:19pm | Edited 10:02pm
EURO is very weak and helpless, even if it only makes corrections in tf m1, it is unable to .... will EURUSD return below the parity level
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BETTER SELL EURUSD UNTIL PARITY LEVEL
The Average Discount Everything
  • #1,221,114
  • May 25, 2023 5:52am May 25, 2023 5:52am
lost the bet. now has to start all over again.
"No trade is still a trade." - Peter Borish
  • #1,221,115
  • May 25, 2023 7:19am May 25, 2023 7:19am
....let's see if it'll go under 1.070 today
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  • #1,221,116
  • May 25, 2023 8:40am May 25, 2023 8:40am
DOWN TREND TF WEEKLY has been coming ... continuation down trend posible
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The Average Discount Everything
  • #1,221,117
  • May 25, 2023 8:59am May 25, 2023 8:59am
Probably not the place to be posting this - however I don't have the credentials to start a thread?

Long time site user - First time poster.

Delete if I'm out of order posting this here - and apologies, but it's a desperate attempt.

I'll keep this short - I'm a new trader just coming on 12 months - the study hasn't stopped since day one and I have committed to 4-5 months of micro lot trading to work on emotional and psychological aspects of the game. I know absolutely ZERO people in this industry and have been going about this solo in every aspect.

Golf professional by trade so not shy of some hard work and commitment. And can help out with your game if needed, a little side bonus.

Taken my approach more seriously the past 2 months and have remained profitable - however I know I could continue to improve in a more effective way if I had some professional guidance, and someone to talk to whilst I continue to develop. As a Coach myself, I understand the importance.

Reason for the post is - I'm looking for a mentor if anyone on this forum can assist me. Any guidance at all would be greatly appreciated. As said, am solo in this game, and have no idea where to start with obtaining this type of help.

Thank you for taking the time to read this post.

Juicy.
JuicySav
  • #1,221,118
  • May 25, 2023 12:04pm May 25, 2023 12:04pm
Quoting juicysav
Probably not the place to be posting this - however I don't have the credentials to start a thread? Long time site user - First time poster. Delete if I'm out of order posting this here - and apologies, but it's a desperate attempt. I'll keep this short - I'm a new trader just coming on 12 months - the study hasn't stopped since day one and I have committed to 4-5 months of micro lot trading to work on emotional and psychological aspects of the game. I know absolutely ZERO people in this industry and have been going about this solo in every aspect....


This is a hard one. Traders for the most part are loners. At least the more successful ones. I would suggest you make these forums your home. Don't be afraid to look at different pairs also. Different traders frequent different rooms. Once you find a trader who's style you think you can emulate.. ask questions. Most of us here are here to learn and have lost money doing it, so advice is flowing, we are just a little slow on the partnering side of things lol.
Don't compare your trades to others. Most often the masses are the asses
  • #1,221,119
  • May 25, 2023 1:27pm May 25, 2023 1:27pm
What the heck has happened from 9th of may?? Since then, the volatility completely died. Today, with news, 33 pips NY range, thats like during christmas!
  • #1,221,120
  • May 25, 2023 1:45pm May 25, 2023 1:45pm
Fitch announced they may cut the U.S. credit rating due to the debt standoff in congress. Here's what happened to EUR/USD after S&P cut the U.S.'s credit rating in 2011:

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Here's a table of returns for major currencies over the following month. Shorting USD/JPY was really the optimal trade.
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