Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading EURUSD only 43,755 replies

LIVE Trades Only : EURUSD & GBPUSD 122 replies

Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies

Eurusd-5m Trading Only 109 replies

Script to change EA to long only/ short only at a price level? 1 reply

Attachments: EURUSD Only
Exit Attachments

EURUSD Only

Quoting PatienceFx
biggest range in a weekly candle next week, the trading range for the whole week may be tight but usd strength is expected to prevail {image}
forecast trade levels for week starting Monday
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 21 KB
next week we have cpi and fed minutes

trade plan for next week

  1. weekly rsi is 52 so if 951 low is not taken, then i should book this short
  2. if 951 holds i can plan for Long orders with 1050 in focus
  3. with daily chart rsi of 38, i may get a decent exit for my short and then 1012 will be in immediate radar

lets see how it goes

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-10-06 at 10-08-42 Forex Factory Forex markets for the smart money.png Size: 8 KB
Click to Enlarge Name: EURUSDWeekly.png Size: 21 KB
Click to Enlarge Name: EURUSDDaily.png Size: 18 KB
Trading Strategies

Inserted Video
Quoting PatienceFx
Trading Strategies https://www.youtube.com/watch?v=ZX-Tp4zgJYc
Simple summary of the above

Trading strategies are just casino studies which may or may not work

Fundamental analysis is the key without which you cannot proceed
Quoting PatienceFx
{quote} Simple summary of the above Trading strategies are just casino studies which may or may not work Fundamental analysis is the key without which you cannot proceed

A first starting step would be to identify the state of the dollar: weak or strong. We can find this out from the analysis of XTIUSD, TF D1.
USD it was weak between April 5 and September 10. Technically, this shows us the direction of the EURUSD price pressure.
EU in 2024
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 18 KB
US 500 in 2024
Attached Image (click to enlarge)
Click to Enlarge Name: US500CashDaily.png Size: 19 KB
Amorkay01 in 2024
Quoting PatienceFx
EU in 2024 {image}
Eurusd is XTIUSD in the mirror.
Of course, fundamentals determine both.
blue line is XTIUSD and red is EURUSD on daily
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 79 KB
its all just one persons opinion....
Quoting axecap
blue line is XTIUSD and red is EURUSD on daily{image}
Usdchf & eurusd
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241007-034920.png Size: 74 KB
The dollar is strong now.

Here is an excellent fundamental analysis:

https://www.stlouisfed.org/from-the-...onetary-policy

My conclusions:
- the US economy is now stronger than the EU economy;
-eurusd will continue to decrease on D1;
-on H4, the EURUSD price will oscillate below SMA200 and sporadically will be above RSI14 / 50.

What is your opinion?
Quoting Gelubrin
The dollar is strong now. Here is an excellent fundamental analysis: https://www.stlouisfed.org/from-the-...onetary-policy My conclusions: - the US economy is now stronger than the EU economy; -eurusd will continue to decrease on D1; -on H4, the EURUSD price will oscillate below SMA200 and sporadically will be above RSI14 / 50. What is your opinion?
CPI
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241008-080859.png Size: 49 KB
Next week
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241008-080914.png Size: 52 KB
Quoting PatienceFx
Next week {image}
down to the hill ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241008-093450.png Size: 60 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 34 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241008-133003.png Size: 59 KB
why will this trade succeed and what does it teach me
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
1 trader viewing now