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  • #3,721
  • Jun 19, 2024 10:14pm Jun 19, 2024 10:14pm
i like keeping everything in front of my nose, so i know exactly what is happening
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  • #3,722
  • Jun 19, 2024 10:21pm Jun 19, 2024 10:21pm
Quoting GDS17
{quote} I charted the ones I noticed. This thread has been really interesting. I’ve been learning a lot from this over the past month. Some of the higher level things you and Gelubrin are discussing as far as predicting news outcomes and price movement based on news has been a bit over my head ( I’ll get it eventually), but it’s all been useful info. Really appreciate it. Thanks! {image}

  1. price does not move on its own - it needs a trigger to fire the gun
  2. the size of the gun is decided by the importance of the news event
  3. and the us02y [ us 2 year bond yield chart ] is a summation of the fed policies based on these guns

so

  1. find where is the point of balance of the price
  2. which gun will move the price
  3. in which direction
  4. and how much

and what will be the NEW point of balance

  • #3,723
  • Jun 19, 2024 10:24pm Jun 19, 2024 10:24pm
Quoting PatienceFx
i like keeping everything in front of my nose, so i know exactly what is happening {image}
so when i know what is dancing on my nose

i get the result in $$$
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  • #3,724
  • Jun 20, 2024 1:53am Jun 20, 2024 1:53am
Quoting rjngh2005
{quote} this is simple and not smoothed moving average and sma 20 is purple and not the yellow and i finally think market is going short at the moment
i hope you understood the concept of point of balance now

i have a tack record of 200% monthly
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  • #3,725
  • Jun 20, 2024 4:18am Jun 20, 2024 4:18am
Quoting rjngh2005
{quote} sma is smoothed moving average ? since this is below sma 20 - i would think market is going short also RSI is below 50 what do you think ?
good call

always wash your hands in a running river, never keep your trades
  • #3,726
  • Jun 20, 2024 4:34am Jun 20, 2024 4:34am
question

which is that one special currency pair which accurately predicts stock market crashes and why
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  • #3,727
  • Jun 20, 2024 5:28am Jun 20, 2024 5:28am
Quoting PatienceFx
question which is that one special currency pair which accurately predicts stock market crashes and why {image}

what is the time frame of this currency pair
  • #3,728
  • Jun 20, 2024 5:32am Jun 20, 2024 5:32am
Quoting rjngh2005
{quote} what is the time frame of this currency pair
weekly and it signifies " carry trade "
  • #3,729
  • Jun 20, 2024 5:48am Jun 20, 2024 5:48am
Quoting PatienceFx
{quote} weekly and it signifies " carry trade "

please dont answer this question
i am researching and it will take me 3 hours
since I have to do my morning ritual and commute to work
  • #3,730
  • Jun 20, 2024 5:53am Jun 20, 2024 5:53am
Quoting PatienceFx
question which is that one special currency pair which accurately predicts stock market crashes and why {image}
Answer:
This major currency pair is USDJPY.

Japan is much more dependent on the USD because it produces no oil at all.
  • #3,731
  • Jun 20, 2024 5:57am Jun 20, 2024 5:57am
Quoting Gelubrin
{quote} Answer: This major currency pair is USDJPY. Japan is much more dependent on the USD because it produces no oil at all.
it is not usdJPY
  • #3,732
  • Jun 20, 2024 6:01am Jun 20, 2024 6:01am
Quoting PatienceFx
{quote} it is not usdJPY
hint
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  • #3,733
  • Jun 20, 2024 6:13am Jun 20, 2024 6:13am
Quoting PatienceFx
{quote} hint {image}
I know that chart lol
Curious tho on how it predicts it?
  • #3,734
  • Jun 20, 2024 6:59am Jun 20, 2024 6:59am
Quoting PatienceFx
{quote} it is not usdJPY
How many more attempts do I have the right to?
Is it a major pair?
  • #3,735
  • Jun 20, 2024 7:09am Jun 20, 2024 7:09am
Quoting SmallGains
{quote} I know that chart lol Curious tho on how it predicts it?
Oil

UK & US are oil production countries
Japan is oil consumption country

But, find the main reason
  • #3,736
  • Edited 10:04am Jun 20, 2024 7:19am | Edited 10:04am
Quoting PatienceFx
question which is that one special currency pair which accurately predicts stock market crashes and why {image}
Yes, oil is the commodity that influences any currency pair.
  • #3,737
  • Jun 20, 2024 7:19am Jun 20, 2024 7:19am
Quoting PatienceFx
{quote} Oil UK & US are oil production countries Japan is oil consumption country But, find the main reason
Im not going to be able to find that answer unfortunately. Still way to new to this lol. Though i will look . Interesting pattern might develop on the W1 tho.
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  • #3,738
  • Jun 20, 2024 7:37am Jun 20, 2024 7:37am
Quoting PatienceFx
{quote} Oil UK & US are oil production countries Japan is oil consumption country But, find the main reason
As far as I know, there are two reasons:
1. BRICS that make exchanges in their own currencies; 2. Saudi Arabia had an agreement with the USA to sell oil only in USD and with the resulting money to buy US bonds. All this to receive protection in return.

But this agreement expired on June 8, 2024.
  • #3,739
  • Jun 20, 2024 7:43am Jun 20, 2024 7:43am
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is this the pair ?
should I give my answer - or is anyone still trying ?
  • #3,740
  • Jun 20, 2024 10:37am Jun 20, 2024 10:37am
Quoting PatienceFx
{quote} price does not move on its own - it needs a trigger to fire the gun the size of the gun is decided by the importance of the news event and the us02y [ us 2 year bond yield chart ] is a summation of the fed policies based on these guns so find where is the point of balance of the price which gun will move the price in which direction and how much and what will be the NEW point of balance
Thank you so much for the insight.
Based on just RSI and SMA, you called a great EURUSD drop. I'm going to utilize those 2 to see what success that brings. I know you and Gelubrin utilize more than that, so I'll try to build from there.

So your exit is often where the next point of balance/pivot would be? Or do you use SMA 20/RSI to determine when to exit a trade?

Really appreciate all the help.
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