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Trading EURUSD only 43,756 replies

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  • #188,581
  • Feb 12, 2024 1:13pm Feb 12, 2024 1:13pm
Also doing very great friend and always trying to be my self thats what life has thought me, one love bro peace out
  • #188,582
  • Feb 12, 2024 1:26pm Feb 12, 2024 1:26pm
Quoting Mihisti
{quote} Hmmmm? Why? Is something new for me.
Kindly read up on swaps and interest rate differentials. For context, triple swaps are paid on Wednesday for holding EU buys while triple swaps are paid to you by your broker if you sold EU on a Wednesday. Roughly the same thing happens on Friday due to weekend swaps. If you are on an account that has swaps, if you buy EU on a Wednesday and hold it overnight you pay your broker swap X3. Imagine buying 200 lots of EURUSD on Wednesday at a price of 1.1000 and pay a humongous swap fee multiplied by 3. What would you do to recover your money? Well, the answer is to make sure that you take price up to at least 40 - 50 pips higher in order to make enough profit to cover your heavy swap fee.

So if they bought on Wednesday and paid the huge swap fees X3 and also bought on Friday and paid those huge weekend swap fees then I am almost 200% sure that the high of Friday isn't the high that would send price crashing.

NB: there are few occasions when this fails but that's due to other factors.
  • #188,583
  • Feb 12, 2024 1:39pm Feb 12, 2024 1:39pm
Quoting mtako
{quote} Hi Ultras ! Long time no see mate I was trying to see your chart but it is too dark. If it is my pc, ignore this message. Cheers and glad to see you here, happy New Year late !
Nice to see you too my friend! You are right my charts are a bit too dark, sorry
  • #188,584
  • Feb 12, 2024 6:10pm Feb 12, 2024 6:10pm
1H ichi is breaking (left chart, right chart is 4h), may be potential for more down
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  • #188,585
  • Feb 12, 2024 8:01pm Feb 12, 2024 8:01pm
Quoting Austyno
{quote} Amendment to my initial view of the market due to current conditions. Because we couldn't reach 1.08327 today, I think this week's target has changed to 1.09860. Reason being that on the weekly chart, that's where the resistance is and CPI is usually a brutal move that doesn't respect resistance or support and targets extreme levels. The million dollar question is: will CPI achieve this target alone or will it just pave the road to that zone . P.s I could be wrong so kindly follow what your trading system tells you and use...
You never know.
  • #188,586
  • Feb 12, 2024 8:51pm Feb 12, 2024 8:51pm
EU failed to stay above 1.0777 yesterday and also dropped again at Asia after the opening, its having a bearish tone and it can continue its trip to the next support level of 1.0741. Above 1.0786 is keeping it from a rise to 1.0800/06. More support and resistance levels are at 1.0810 and 1.0723.

Cautious trading because of important news ahead of the US session (US CPI) should keep it still inside the range, any surprises in the inflation data could cause some volatility in the market, so it's wise to be prepared for potential moves in either direction.

Daily volatility (range) 41 pips

Significant news - US CPI

1 hour
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Green pips!
Looking for profitable short term trades ...|
  • #188,587
  • Feb 12, 2024 9:22pm Feb 12, 2024 9:22pm
Quoting Js3mwtRc
EU failed to stay above 1.0777 yesterday and also dropped again at Asia after the opening, its having a bearish tone and it can continue its trip to the next support level of 1.0741. Above 1.0786 is keeping it from a rise to 1.0800/06. More support and resistance levels are at 1.0810 and 1.0723. Cautious trading because of important news ahead of the US session (US CPI) should keep it still inside the range, any surprises in the inflation data could cause some volatility in the market, so it's wise to be prepared for potential moves in either direction....
Due to CPI I think bulls will have control and might still hit 1.08 before dropping. (If CPI comes out strong). Markets are still unusually unsure of agreeable price even after some good confirmation on what Powell said. I am only selling today but only if it comes up more. If CPI is weak I’ll have to buy because there will be a lot of fomo trading at news
  • #188,588
  • Feb 12, 2024 9:47pm Feb 12, 2024 9:47pm
Quoting Megashrek
{quote} Due to CPI I think bulls will have control and might still hit 1.08 before dropping. (If CPI comes out strong). Markets are still unusually unsure of agreeable price even after some good confirmation on what Powell said. I am only selling today but only if it comes up more. If CPI is weak I’ll have to buy because there will be a lot of fomo trading at news
You are well informed, eurusd should go up, but not all the market agrees about the results and also the predicted numbers doesn't give a 2% percent core inflation which is the feds target before any rate cuts. So rates should stay upper for longer! The only thing to watch here is the market reaction that can act surprisingly in any result, good or bad.
Stay safe.
Looking for profitable short term trades ...|
  • #188,589
  • Feb 12, 2024 10:02pm Feb 12, 2024 10:02pm
Just Short, for 15 - 25 pips
Holy Betting Grail strategy
  • #188,590
  • Feb 12, 2024 10:15pm Feb 12, 2024 10:15pm
Short again tp 1.075x-4x
  • #188,591
  • Feb 12, 2024 10:19pm Feb 12, 2024 10:19pm
Attachment g

I'm waiting for the EU to break the level of 1.0769 and retest it. Tp will 1.0785 But there a new coming on GBP which can Effect market but so much
Wish you best of luck
  • #188,592
  • Feb 12, 2024 10:38pm Feb 12, 2024 10:38pm
https://www.forexfactory.com/thread/...9#post14752179
...
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  • #188,593
  • Feb 12, 2024 10:44pm Feb 12, 2024 10:44pm
Today, all I care is: Can bulls break above 1.0777 resistance? If not, we go back down to retest 1.0740 area.. Let's see how willing bulls are...

Happy trading day to all
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Focus only on what truly matters!
  • #188,594
  • Feb 12, 2024 11:01pm Feb 12, 2024 11:01pm
Quoting Ata-Turkoglu
Today, all I care is: Can bulls break above 1.0777 resistance? If not, we go back down to retest 1.0740 area.. Let's see how willing bulls are... Happy trading day to all {image}
Good morning Ata, if that pattern plays out will seem more like a double trouble pattern for the bears but if not then bulls have it bad!
Looking for profitable short term trades ...|
  • #188,595
  • Feb 12, 2024 11:06pm Feb 12, 2024 11:06pm
Hello all of you, Hope you all are well!

• If the market access (1.0746) without testing (1.0830) So I would consider D point (1.0805) ~1.272 Fib retracement...

Best wishes for all of you!
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Stop Procrastinating
  • #188,596
  • Feb 12, 2024 11:07pm Feb 12, 2024 11:07pm
Good morning, I hope you're great. The bears might be trying on 5M;
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  • #188,597
  • Feb 12, 2024 11:29pm Feb 12, 2024 11:29pm
Quoting sulai45
Good morning, I hope you're great. The bears might be trying on 5M; {image} {image} {image}
Yes, (1.0777) is stopping the bulls from rising...
Let's see!
Stop Procrastinating
  • #188,598
  • Feb 12, 2024 11:43pm Feb 12, 2024 11:43pm
Quoting ahmerjamil
{quote} Yes, (1.0777) is stopping the bulls from rising... Let's see!
Yes, there will be resistance at that level.

Also, now I think the bears will be trying now, thanks to the news*, and good luck to them also. Note: always cashout B.E.
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  • #188,599
  • Feb 12, 2024 11:44pm Feb 12, 2024 11:44pm
The first attempt to break above 1.0777 has been rejected, but I am anticipating that more attempts are coming... Patience!
Focus only on what truly matters!
  • #188,600
  • Feb 12, 2024 11:57pm Feb 12, 2024 11:57pm
Quoting Mitiblotch
{quote} Kindly read up on swaps and interest rate differentials. For context, triple swaps are paid on Wednesday for holding EU buys while triple swaps are paid to you by your broker if you sold EU on a Wednesday. Roughly the same thing happens on Friday due to weekend swaps. If you are on an account that has swaps, if you buy EU on a Wednesday and hold it overnight you pay your broker swap X3. Imagine buying 200 lots of EURUSD on Wednesday at a price of 1.1000 and pay a humongous swap fee multiplied by 3. What would you do to recover your money?...
Thank you Mitiblotch, I had learn somenthing new today!
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