EURUSD Only | Page 180 | 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

  • #3,581
  • Jun 11, 2024 7:55pm Jun 11, 2024 7:55pm
Quoting PatienceFx
This is how I predicted the NFP move to the pip
And the best part

If USD weakens on CPI data then eurusd will go exactly to the last week low , not a pip higher
  • #3,582
  • Jun 11, 2024 7:58pm Jun 11, 2024 7:58pm
Quoting PatienceFx
{quote} And the best part If USD weakens on CPI data then eurusd will go exactly to the last week low , not a pip higher
Question is why ? LoL
  • #3,583
  • Jun 11, 2024 8:27pm Jun 11, 2024 8:27pm
remember this post
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-06-12 at 06-54-44 EURUSD Only.png Size: 13 KB
  • #3,584
  • Jun 11, 2024 8:40pm Jun 11, 2024 8:40pm
Quoting PatienceFx
remember this post {image}
How does the chart react if all of that comes true?
Consistency is key
  • #3,585
  • Jun 11, 2024 9:18pm Jun 11, 2024 9:18pm
just finished writing this new code

cci above 0 is bullish
rsi above 50 is bullish
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 29 KB
  • #3,586
  • Jun 11, 2024 9:22pm Jun 11, 2024 9:22pm
Quoting GainingBucks
{quote} How does the chart react if all of that comes true?
The annual inflation rate in the US is expected to hold steady at 3.4% in May 2024, matching April's rate, after a period of earlier acceleration this year. Compared to the previous month, the CPI is projected to increase 0.1%, which would mark the lowest reading in seven months, compared to 0.3% in April. Gasoline prices likely stabilized in May, while used car prices probably increased and shelter costs remained high. Meanwhile, core inflation likely slowed to 3.5% annually, which would be the lowest reading since April 2021, down from 3.6% in April. The monthly core inflation rate is expected to remain at 0.3%. source: U.S. Bureau of Labor Statistics

forecast is that core inflation rate M/M may come lower sending eurusd up
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-06-12 at 07-51-30 United States Core Inflation Rate MoM.png Size: 8 KB
  • #3,587
  • Jun 11, 2024 10:20pm Jun 11, 2024 10:20pm
Quoting GainingBucks
{quote} How does the chart react if all of that comes true?
one tiny stupid question

by any means do you see any rsi to price divergence on chart ?

the trade is right there GLARING AT YOU
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 26 KB
  • #3,588
  • Jun 11, 2024 10:30pm Jun 11, 2024 10:30pm
Quoting GainingBucks
{quote} How does the chart react if all of that comes true?
I said this before:
EURUSD is a fraction with USD as the denominator.

There are 3 possible situations:
a) EUR/USD=1/1=1 (perfect balance, once every few years and is of very short duration);
b) EUR/USD=2/1=2 (EUR appreciated = price increases);
c) EUR/USD=1/2=0.5 (USD has appreciated, the price is falling).

In other words: how many usd do we need to buy 1 euro.
  • #3,589
  • Jun 11, 2024 11:34pm Jun 11, 2024 11:34pm
Quoting PatienceFx
{quote} And not to forget the policy sensitive data point {image}
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4219.jpeg Size: 311 KB
  • #3,590
  • Jun 12, 2024 8:37am Jun 12, 2024 8:37am
So Average hourly earnings is reflected in Core CPI.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4221.jpeg Size: 406 KB
  • #3,591
  • Jun 12, 2024 9:50am Jun 12, 2024 9:50am
Quoting PatienceFx
{quote} one tiny stupid question by any means do you see any rsi to price divergence on chart ? the trade is right there GLARING AT YOU {image}
that trade was glaring at you like i said

it was crystal clear
  • #3,592
  • Jun 12, 2024 10:31am Jun 12, 2024 10:31am
Quoting PatienceFx
{quote} that trade was glaring at you like i said it was crystal clear
Another way

Using one hour 14 SMA
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240612-210050.png Size: 162 KB
  • #3,593
  • Jun 12, 2024 10:33am Jun 12, 2024 10:33am
The trade was posted 12 hours before CPI news
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240612-210243.png Size: 151 KB
  • #3,594
  • Jun 12, 2024 11:39am Jun 12, 2024 11:39am
Quoting PatienceFx
The trade was posted 12 hours before CPI news {image}
Many times the answer to a question can be found right in the content of the question.
  • #3,595
  • Jun 12, 2024 12:39pm Jun 12, 2024 12:39pm
Quoting Gelubrin
{quote} Many times the answer to a question can be found right in the content of the question.
that was the intent of placing rsi ON CHART alongside price
  • #3,596
  • Edited 2:18pm Jun 12, 2024 1:02pm | Edited 2:18pm
Quoting PatienceFx
{quote} that was the intent of placing rsi ON CHART alongside price
RSI is the best indicator.

I know that you opt for SMA 100/200.

The most important conclusion from this thread is related to: RSI, SMA and some high impact news published in the calendar.

This is the path to success that you had the patience to teach us for a year and for which we thank you again. I have also published some graphs with comparisons between economic indicators just to diversify the discussions.

How do you feel in terms of health?
  • #3,597
  • Jun 12, 2024 3:22pm Jun 12, 2024 3:22pm
Quoting Gelubrin
{quote} RSI is the best indicator. I know that you opt for SMA 100/200. The most important conclusion from this thread is related to: RSI, SMA and some high impact news published in the calendar. This is the path to success that you had the patience to teach us for a year and for which we thank you again. I have also published some graphs with comparisons between economic indicators just to diversify the discussions. How do you feel in terms of health?
Primary progressive multiple sclerosis means

Slow death sentence
  • #3,598
  • Jun 12, 2024 3:32pm Jun 12, 2024 3:32pm
Quoting PatienceFx
{quote} that trade was glaring at you like i said it was crystal clear
I was in the trade since Friday when the drop happened and I cashed out with big profits today. Was I in early? Yes but I had more than 1 trade and in the end profit was made by all of them.
I was asking what the news was going to do in your opinion and was not asking about the trade.
Consistency is key
  • #3,599
  • Jun 12, 2024 8:05pm Jun 12, 2024 8:05pm
From what I see, it's almost shorts weather.
Cable is looking to be the same with its long term down trend and its current shuffle sideways
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
Click to Enlarge Name: screenshot.png Size: 30 KB
Second star to the right, and straight on 'til morning
  • #3,600
  • Jun 12, 2024 9:52pm Jun 12, 2024 9:52pm
experimenting with data points indicator
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 27 KB
3 traders viewing now