EURUSD Only

Started

Oil is almost always hedged prior to loading onto a vessel. Hedging is always done either in US dollars or Euros.

The biggest benefit in trading in the US dollar is that the US government, laws, and benefits are extended to the transaction.
For example, you perform a transaction in India and the deal is done in US dollar. Let say you are cheated out of the transaction for some reason. You can file a case in US courts solely on the fact that the deal was done in US dollars.

When trading oil and oil products, there are many issues that arise in the transaction that none of the BRICS countries will help you out with.

*I used to move oil products around the world.

1 hour in ranging zone as explained

Major resistance:

And major resistance to troops:

Wyckoff H1

Which Indicator is This ?

On Chart

1. rsi 14
2. weekly pivot
3. weekly fibo
4. rest is standard

Rsi show us overbought here.

Dollar depreciated following the publication of pessimistic data from China.

The published data on the USA is optimistic now.

As the Master says: pleasant journey!

If usdcchf

Then eurusd

Cannot sell

This is where I wanted to get to.
The goals of my intervention on this thread are:
-to better learn the Master's strategy regarding long-term trading using large charts;
- it was shown that intraday technical analysis must be accompanied by fundamental analysis based on the interpretation of the data published in the calendar and other data from the press.
Example:
-date published about "Empire State Manufacturing Index" -19; -0.9; 1.1 misled many. The proof is how the EURUSD price fluctuated after the publication of the data. It was deduced from the interpretation that this time the EURUSD direction will not decide, because this figure refers only to the State of New York, not to the entire USA;
-making a trading decision based only on technical analysis on a chart with a small TF leads to failure in many cases.

I was only referring to entering into a transaction on a forming trend created shortly after the publication of economic data and which can be misleading. I have made this mistake many times by entering a trade in a forming trend and, shortly after, the trend reverses.

I do not question any of the Master's methods. He showed us his excellent method even on a 5-minute chart: enter the transaction only when the trend is stretched to the maximum, that is, when it is completed.

I wanted to make this comparison because I think it is interesting.

On 5 minute we use the stronger 100 slingshot with fine tuning of 20

just like that

Thank you very much, Master!!!
Mr. Professor is extraordinary, he solves any problem for us.

I became optimistic again.