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  • #191,121
  • Mar 7, 2024 3:56am Mar 7, 2024 3:56am
Quoting Polimini
{quote} but it does make sense that it crashes if the ECB cuts interest rates, no?
I could give you a lecture on monetary policy but instead I ll say: The only thing that matters is the size of the orders on each end, the rest is fluctuation, no one knows (apart fro the ones entering the "big orders") how much money is behind each move.
We have to follow and not pretend we understand.
We watch the charts from every angle so you don't have to!!
  • #191,122
  • Mar 7, 2024 3:56am Mar 7, 2024 3:56am
Quoting pedro319
{quote} No one can explain rather than "it has been going up touched pivots and whatnot and now it must fall down" That is it!! Good way to blow up accounts if you ask me.
thanks for the explanation
Scalping
  • #191,123
  • Mar 7, 2024 3:56am Mar 7, 2024 3:56am
Quoting guguxpto
{quote} today ? Can you explain why? that’s a big move in one day isn’t?
There are various reasons why price should drop to that zone but i will try and keep it short.
1. We broke out of a rising wedge and yesterday price went to retest it as resistance.
2. We kissed monthly first resistance which also coincides with weekly 2nd resistance(confluence of resistance). Something significant should have there
3. We had an inside bar last week and the nature of inside bars have several scenarios of which one of them is taking out the highs of the top range before turning bearish

All these are valid if we don't take out the highs of yesterday
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Risk comes from not knowing what to do
  • #191,124
  • Mar 7, 2024 4:02am Mar 7, 2024 4:02am
For those who need to have major harmonic patterns in front of their eyes... You can make this a nice poster if you want...

Best wishes
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Focus only on what truly matters!
  • #191,125
  • Edited 4:28am Mar 7, 2024 4:08am | Edited 4:28am
Quoting pedro319
{quote} I could give you a lecture on monetary policy but instead I ll say: The only thing that matters is the size of the orders on each end, the rest is fluctuation, no one knows (apart fro the ones entering the "big orders") how much money is behind each move. We have to follow and not pretend we understand.
This does not apply to major monetary policy shifts or black swan events
We watch the charts from every angle so you don't have to!!
  • #191,126
  • Mar 7, 2024 4:09am Mar 7, 2024 4:09am
Quoting Ata-Turkoglu
For those who need to have major harmonic patterns in front of their eyes... You can make this a nice poster if you want... Best wishes {image}
nice post thanks
Scalping
  • #191,127
  • Mar 7, 2024 4:23am Mar 7, 2024 4:23am
Quoting Js3mwtRc
{quote} Next is the, The Monetary Mission: Impossible?
Here Everything is Possible... If you believe in yourself...
But, right now the market is in range!
Stop Procrastinating
  • #191,128
  • Mar 7, 2024 4:40am Mar 7, 2024 4:40am
Quoting pedro319
{quote} I could give you a lecture on monetary policy but instead I ll say: The only thing that matters is the size of the orders on each end, the rest is fluctuation, no one knows (apart fro the ones entering the "big orders") how much money is behind each move. We have to follow and not pretend we understand.
We know more info and we can become best, but someone must be in the opposite side of the trade and also there are many other systems out there that can create volatility in the market that can be tradable.
Looking for profitable short term trades ...|
  • #191,129
  • Mar 7, 2024 4:41am Mar 7, 2024 4:41am
hello guys, i have been following this thread a long time, and i would like to ask about the interest rate change scenarios,
if the ecb cutes the rate, if they leave it at the same level, or if they raise , what is the effect on the eur usd movement,
if someone could help and clarify the effect i would be really thankful,
thank you in advance
  • #191,130
  • Mar 7, 2024 4:41am Mar 7, 2024 4:41am
Quoting ahmerjamil
{quote} Here Everything is Possible... If you believe in yourself... But, right now the market is in range!
Of-course we can buy and sell!
Looking for profitable short term trades ...|
  • #191,131
  • Mar 7, 2024 4:47am Mar 7, 2024 4:47am
based on the big picture (correlation) it is clear that USD is losing strength at the moment and EUR is ranging which makes it a good time to think towards USD losing more strength because nothing will obstruct it.

for us to buy there is a need for us to buy from sellers because if there is an attempt to buy from buyers then we will get high prices. since there are enough buyers at this time then it becomes logical to wait for more sellers to come in then a buy operation can begin.

for me, i am sitting on my hands
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  • #191,132
  • Mar 7, 2024 4:51am Mar 7, 2024 4:51am
Quoting Ata-Turkoglu
For those who need to have major harmonic patterns in front of their eyes... You can make this a nice poster if you want... Best wishes {image}
There are too much different numbers for the same pattern Is that usefull, will it work.
  • #191,133
  • Mar 7, 2024 4:57am Mar 7, 2024 4:57am
Eurusd is ready for a continuation, but its missing the market participants. ECB can make it, but watch it can just create noise first before a more substantial move up or down!
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Looking for profitable short term trades ...|
  • #191,134
  • Mar 7, 2024 5:02am Mar 7, 2024 5:02am
Quoting Js3mwtRc
EU is trying to make 1.0900 a base for further gains towards 1.0960 support is at 1.0875. Today we'll see more volatility as ECB will decide for its interest rates future, the market is waiting to hold rates steady. The trend is bullish and can rise significant, so selling positions are more in risk than buying, but also things can change in a blink of an eye so stay alert especially on red news! Daily volatility (range) 74 pips Significant news - ECB Interest Rate, Unemployment Claims & Fed Chair Powell Testifies 1 hour {image} Green pips! ...
It could return to 1.085 before making the move to 1.0960
  • #191,135
  • Mar 7, 2024 5:29am Mar 7, 2024 5:29am
Quoting Megashrek
{quote} It could return to 1.085 before making the move to 1.0960
Anything happens we must stay inside the upward channel and 1.0860, so we can make it! A drop below can get us to 1.0795.
Looking for profitable short term trades ...|
  • #191,136
  • Mar 7, 2024 5:29am Mar 7, 2024 5:29am
Quoting Eren10
{quote} There are too much different numbers for the same pattern Is that usefull, will it work.
Nothing will work in life with half-knowledge and wishy-washy attitude...

Best wishes
Focus only on what truly matters!
  • #191,137
  • Mar 7, 2024 5:38am Mar 7, 2024 5:38am
Zzz!

The news is eagerly awaited...
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Stop Procrastinating
  • #191,138
  • Mar 7, 2024 5:47am Mar 7, 2024 5:47am
Quoting ahmerjamil
Zzz! The news is eagerly awaited... {image}
Don't worry well see some action soon....
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Looking for profitable short term trades ...|
  • #191,139
  • Mar 7, 2024 6:16am Mar 7, 2024 6:16am
Could this be a pattern in play now?
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  • #191,140
  • Mar 7, 2024 7:02am Mar 7, 2024 7:02am
Red news, the redder the better!! (not sure about the mode adverb though)
We watch the charts from every angle so you don't have to!!
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