EURUSD Only | Page 114 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Trading EURUSD only 43,756 replies

Eurusd-5m Trading Only 110 replies

LIVE Trades Only : EURUSD & GBPUSD 123 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD Only
Exit Attachments

EURUSD Only

  • #2,261
  • Nov 11, 2023 12:27pm Nov 11, 2023 12:27pm
"Labor Market Is Finally Starting to Crack"
http://www.investing.com/analysis/la...rack-200643474
  • #2,262
  • Edited Nov 12, 2023 12:26am Nov 11, 2023 11:41pm | Edited Nov 12, 2023 12:26am
Quoting PatienceFx
"Labor Market Is Finally Starting to Crack" http://www.investing.com/analysis/la...rack-200643474
The quoted article is very good. For most large companies, the SMA 100 is below the SMA200 on the weekly chart or goes to. And the price of oil is declining. We talked about the decline in demand in the USA 1 month ago, when the first signs of decline appeared. The upward pressure on Eurusd is justified and will continue.
Attached Image (click to enlarge)
Click to Enlarge Name: 0A02276C-DCF7-404E-A053-75916C7B36D3.jpeg Size: 257 KB
  • #2,263
  • Nov 12, 2023 2:22am Nov 12, 2023 2:22am
Quoting PatienceFx
"Labor Market Is Finally Starting to Crack" http://www.investing.com/analysis/la...rack-200643474
PDF to understand the relationship between labour market and US dollar

This will directly impact Euro USD

Attached File(s)
File Type: pdf ci1-8.pdf   162 KB | 946 downloads
  • #2,264
  • Nov 12, 2023 2:26am Nov 12, 2023 2:26am
Quoting PatienceFx
{quote} PDF to understand the relationship between labour market and US dollar This will directly impact Euro USD {image}
Fed is not raising rates labour market is declining so USD will decline

Declining USD will send the stock market through the roof, what a paradox
  • #2,265
  • Nov 12, 2023 3:24am Nov 12, 2023 3:24am
Quoting PatienceFx
{quote} Fed is not raising rates labour market is declining so USD will decline Declining USD will send the stock market through the roof, what a paradox
But there is a twist
Cost of borrowing from the market is very high for companies because of high interest rates this reduces their profit
  • #2,266
  • Edited 9:31am Nov 12, 2023 7:16am | Edited 9:31am
Quoting PatienceFx
{quote} Fed is not raising rates labour market is declining so USD will decline Declining USD will send the stock market through the roof, what a paradox
It's paradoxical, really. We found that the USDX generally moves at the same pace as the US economy. However, NDX, SPX and NDU are inversely correlated with USDX. We can observe this situation starting from October 2022 and now. This is best seen on W1. My opinion is that the three indices are hedging the dollar. Through computers of course.
  • #2,267
  • Nov 12, 2023 1:56pm Nov 12, 2023 1:56pm
Relaxing till Tuesday
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20231113-012459.png Size: 84 KB
Click to Enlarge Name: Screenshot_20231113-012508.png Size: 74 KB
  • #2,268
  • Nov 12, 2023 1:59pm Nov 12, 2023 1:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: s.PNG Size: 22 KB
H4 price volume, would sell according to graph
  • #2,269
  • Nov 12, 2023 4:33pm Nov 12, 2023 4:33pm
Monday relaxation, Tuesday big news and moves


Inserted Video
  • #2,270
  • Nov 12, 2023 9:02pm Nov 12, 2023 9:02pm
Now see the lineup here for Tuesday

Tuesday we have inflation rate core inflation rate and CPI

If it comes less than expected, then USD will weaken and eurusd will go up

This also means no rate hike

So further USD weakness

But look at 100 SMA and 200 SMA on different time frames
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231113-082936.png Size: 73 KB
  • #2,271
  • Nov 12, 2023 10:35pm Nov 12, 2023 10:35pm
Quoting PatienceFx
Now see the lineup here for Tuesday Tuesday we have inflation rate core inflation rate and CPI If it comes less than expected, then USD will weaken and eurusd will go up This also means no rate hike So further USD weakness But look at 100 SMA and 200 SMA on different time frames {image}
Daily 200 SMA is at 1.08 area. That could be strong resistance, but might only result in a hiccup if bull momentum is strong enough. Next is weekly 200 SMA at 1.115 area. If current support at 1.06 area holds this week, then we could see 400-500 pip bull rally the next week or two.
I'm waiting for confirmation of support holding before closing my shorts and going long.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231112-233656.png Size: 51 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231112-233644.png Size: 44 KB
You cannot fail if you never give up.
  • #2,272
  • Nov 12, 2023 11:25pm Nov 12, 2023 11:25pm
Max high 1.07629, but this applies only if 1.06779 remains as a weekly low
  • #2,273
  • Nov 13, 2023 1:07am Nov 13, 2023 1:07am
Can someone please post the euro USD weekly pivot chart
  • #2,274
  • Nov 13, 2023 1:17am Nov 13, 2023 1:17am
1.07629
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20231113-124552.png Size: 66 KB
Click to Enlarge Name: Screenshot_20231113-124529.png Size: 69 KB
  • #2,275
  • Nov 13, 2023 5:53am Nov 13, 2023 5:53am
Price may make a new weekly low
  • #2,276
  • Nov 13, 2023 8:11am Nov 13, 2023 8:11am
Quoting PatienceFx
1.07629 {image} {image}
The range is 85 pips

So maximum high will be weekly low plus 85 pips

Another words maximum low will be weekly high minus 85 pips
  • #2,277
  • Edited 5:29pm Nov 13, 2023 5:08pm | Edited 5:29pm
Quoting Gelubrin
{quote} It's paradoxical, really. We found that the USDX generally moves at the same pace as the US economy. However, NDX, SPX and NDU are inversely correlated with USDX. We can observe this situation starting from October 2022 and now. This is best seen on W1. My opinion is that the three indices are hedging the dollar. Through computers of course.
I can't reply to your private message

Index trading has far more money than eurusd

But never trade ETF

Handle it through mutual funds

Buy mf when index gives a buy signal
Exit mf when index gives a quit signal

Index is seasonal, learn that first

Like in India FMCG index goes from March to August, 6 months, return 20%

---------------------------------------------------------------------------------
To: PatienceFx | From: Gelubrin | Sent: Nov 14, 2023 2:49am
---------------------------------------------------------------------------------
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231114-045836.png Size: 70 KB
  • #2,278
  • Nov 13, 2023 6:15pm Nov 13, 2023 6:15pm
Quoting PatienceFx
{quote} I can't reply to your private message Index trading has far more money than eurusd But never trade ETF Handle it through mutual funds Buy mf when index gives a buy signal Exit mf when index gives a quit signal Index is seasonal, learn that first Like in India FMCG index goes from March to August, 6 months, return 20% --------------------------------------------------------------------------------- To: PatienceFx | From: Gelubrin | Sent: Nov 14, 2023 2:49am ---------------------------------------------------------------------------------...
This is just an example

This company is only in lending business, one vertical

The return

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231114-052526.png Size: 95 KB



Now recently a second company started with 8 verticals
With world's largest asset management company BlackRock as 50% partner in one vertical mutual fund business

The other vertical are online payment solutions, huge business
Insurance, lending and others

This company has complete monopoly in telecom and entertainment sector in India

Listed in August 21, 2023

I am holding just 100k shares @ INR 210 per share, what do you think can be a 5 years or 10 years return considering it has potential for a 10:1 split once, forget bonus and dividend
  • #2,279
  • Nov 13, 2023 6:38pm Nov 13, 2023 6:38pm
Quoting PatienceFx
{quote} This is just an example This company is only in lending business, one vertical The return {image} Now recently a second company started with 8 verticals With world's largest asset management company BlackRock as 50% partner in one vertical mutual fund business The other vertical are online payment solutions, huge business Insurance, lending and others This company has complete monopoly in telecom and entertainment sector in India Listed in August 21, 2023 I am holding just 100k shares @ INR 210 per share, what do you think can be a 5 years...
Summary

Choose your investments and eurusd trades wisely
  • #2,280
  • Nov 13, 2023 8:02pm Nov 13, 2023 8:02pm
Today and the weekly average range is 85 pips it may move higher than 85 but 85 is the average
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20231114-073027.png Size: 84 KB
1 trader viewing now