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EURUSD only

  • #201,721
  • Sep 13, 2024 3:43pm Sep 13, 2024 3:43pm
Happy weekend all traders, I hope everyone gets a decent profit on this week's trading. Next week the Fed is expected to cut interest rates to 5.25% from the previous 5.50%.
I trade at FXOpen
  • #201,722
  • Edited 4:41am Sep 15, 2024 1:35am | Edited 4:41am
Quoting cuchuflito
{quote} Yes casino stop run, check the accuracy of the algos hunting stops on M5 Sitting Ducks reminds me of this Genesis song: "I am hovering like a fly, waiting for the windshield on a freeway" I trade only EURUSD M5, based on Stop-Run Strategies (easier said than done). check this chart, every arrow is a Stop-Run if you look carefully there are many more. Btw. EURUSD is the biggest asset being traded daily on the planet, bigger than the whole Stock Market put together. EURUSD:more than $5 trillion in daily...
$5 trillion in daily turnover, it's not possible to manipulate it by the random dudes with Big money. The market rules on EURUSD.
For M5 I use automatic system like EA. The speed is too high on the 5 min chart.
  • #201,723
  • Sep 15, 2024 2:53am Sep 15, 2024 2:53am
Quoting Vcnp2000
{quote} $5 trillion in daily turnover, it's not possible to manipulate it by therandom dudes with Big money. The market rules on EURUSD. For M5 I use automatic system like EA. The speed is too high on the 5 min chart.
Just look

https://www.bbc.com/news/business-48292946
https://www.bbc.com/news/business-32817114


We have many against us. All we have to do is support each other in earning money.
  • #201,724
  • Sep 15, 2024 4:55am Sep 15, 2024 4:55am
Quoting Cavar
{quote} Just look https://www.bbc.com/news/business-48292946 https://www.bbc.com/news/business-32817114 We have many against us. All we have to do is support each other in earning money.
Support yourself by yourself, and EURUSD will support you. There are no investors in the world who can move $5 trillions daily.
  • #201,725
  • Sep 15, 2024 7:01am Sep 15, 2024 7:01am
Can anyone explain why cutting both the ECB and FED interest rates weakens the dollar and therefore making EURUSD rise?
Consistency is key
  • #201,726
  • Sep 15, 2024 7:08am Sep 15, 2024 7:08am
Hello. Any suggestions for a beginner?
Attached Image (click to enlarge)
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  • #201,727
  • Sep 15, 2024 7:31am Sep 15, 2024 7:31am
Quoting GainingBucks
Can anyone explain why cutting both the ECB and FED interest rates weakens the dollar and therefore making EURUSD rise?
Cutting rates would boost the economies
Which the eurozone is in urgent need off
  • #201,728
  • Sep 15, 2024 8:42am Sep 15, 2024 8:42am
Quoting GainingBucks
Can anyone explain why cutting both the ECB and FED interest rates weakens the dollar and therefore making EURUSD rise?
To learn fundamental analysis takes years, much easier to learn technical analysis first as this can be done in weeks. But I will give brief example of why EURUSD is going up when both CB"S are cutting.
---------------------------
All markets are manipulated. It would be impossible to make money in any market if the market is random.

I call the small manipulators "the movers." The small movers are random and make the moves where they see easy pickings. A classic example of a small currency manipulator was George Soros run on BOE. But that was before EURUSD so I will stay with EURUSD.

The main direct manipulators for EURUSD are the ECB and the FOMC. Minor indirect manipulators of the EURUSD are SNB, BOJ, and PBOC. And now we have the new kid on the block called the BRICS currency.

The short reason the EURUSD will rise is holding USD currency offers higher interest rate than holding EURO currency. As rates get lowered, this advantage will be less when EURO AND USD offer similar rates. Money flows to where the most attractive rates are.

Most important point on rate decreases and increases, the markets buy on rumor and sell on the fact.
--------------------------
I skate to where the puck is going to be, not where it has been.
Wayne Gretzky

Happy Trades to you,
NB
Ecclesiastes 1:9
  • #201,729
  • Sep 15, 2024 9:28am Sep 15, 2024 9:28am
Thank you both for the info! It makes a little more sense now. Technicals are definitely easier to learn and deal with than fundamentals that’s for sure.
Consistency is key
  • #201,730
  • Sep 15, 2024 10:47am Sep 15, 2024 10:47am
ECB and the FOMC are the regulators, not manipulators.
Don't know anything about BOJ
  • #201,731
  • Sep 15, 2024 11:47am Sep 15, 2024 11:47am
Quick H4 Outlook for Monday

  1. As long as H4 candles open above 1.1052-ish levels, the missing shoulder of a potential Inverted H&S might be slowly forming. Therefore, patience is needed before looking to buy dips!
  2. If 1.1052 area acts supportive, bulls then still have to break above 1.1084-ish levels for bullish continuation. Otherwise, this goes sideways into a squeeze until an explosive breakout from either side.
  3. Overall: bulls have the upper hand for now.

See you after London opening

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 20 KB
Focus only on what truly matters!
  • #201,732
  • Sep 15, 2024 6:19pm Sep 15, 2024 6:19pm
Today there are no high-impact economic data releases in the economic calendar, even Japanese and Chinese bank holidays may reduce transaction volume. EURUSD is now consolidating near the middle band line which is a means of price deviation.
Attached Image (click to enlarge)
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I trade at FXOpen
  • #201,733
  • Sep 15, 2024 11:36pm Sep 15, 2024 11:36pm
H4 Quick Update

  1. I didn't expect bulls to hurry for a retest of recent highs so early, but here we are...
  2. Now: ~1.1106 area (H&S shoulder line) seems like a tough nut to crack.. I have hope though.. Let's see...

Happy new trading week to all

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 24 KB
Focus only on what truly matters!
  • #201,734
  • Edited 1:24am Sep 16, 2024 1:09am | Edited 1:24am
1.1120 sell, sl 100 pips. Reason - DR2 reached.
  • #201,735
  • Sep 16, 2024 1:20am Sep 16, 2024 1:20am
Quoting Vcnp2000
1.1140 bán, sl 100 pip. Lư do - DR2 đă đạt.
Short at current price 1.1120 t/p 1.108x-9x
  • #201,736
  • Sep 16, 2024 1:26am Sep 16, 2024 1:26am
Quoting ventureinves
{quote} Short at current price 1.1120 t/p 1.108x-9x
yeah 1.1120
  • #201,737
  • Sep 16, 2024 1:31am Sep 16, 2024 1:31am
I know that i am going against the rules here, but are we witnessing the death of the dollar?
ATA feel free to ban me! NO grudge!
  • #201,738
  • Sep 16, 2024 1:32am Sep 16, 2024 1:32am
Quoting Ata-Turkoglu
H4 Quick Update I didn't expect bulls to hurry for a retest of recent highs so early, but here we are... Now: ~1.1106 area (H&S shoulder line) seems like a tough nut to crack.. I have hope though.. Let's see... Happy new trading week to all {image}
Nut cracked. Looks like Big Boys algo loves to crack nuts , more than wild squirrels .
  • #201,739
  • Sep 16, 2024 1:35am Sep 16, 2024 1:35am
Based on EU developments:
1- CHINA trade tension on exports;
2-EC is reshuffing the organisation in 2nd term of Md Leyen;
3- Today Europe IB chief economists on future Europe;
4- EU trade balance est down;
  • #201,740
  • Sep 16, 2024 1:38am Sep 16, 2024 1:38am
Just surfing the waves of currencies in a uncertain world
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