- #202,523
- Nov 4, 2024 6:02am Nov 4, 2024 6:02am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Bulls are eager and motivated... smashed through my circle resistance: 1.0900..
Next watch: 1.0918... Last chance for bears!
*1.0892 is the nearest support on H1
Next watch: 1.0918... Last chance for bears!
*1.0892 is the nearest support on H1
Focus only on what truly matters!
- #202,525
- Nov 4, 2024 6:15am Nov 4, 2024 6:15am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
US coming online now, lets see if the Dollar starts rallying ...
Focus only on what truly matters!
- #202,527
- Nov 4, 2024 6:26am Nov 4, 2024 6:26am
- Joined Mar 2012 | Status: Trader | 1,983 Posts
{quote} Why do you expect US Dollar to rally when FED Interest Rate is expected to drop 0.25 points on Thursday?
If Trump gets elected, you gonna see a huge dollar bull move.
- #202,528
- Nov 4, 2024 6:28am Nov 4, 2024 6:28am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
{quote} Why do you expect US Dollar to rally when FED Interest Rate is expected to drop 0.25 points on Thursday?
Don't you know that I'm loco ...
- #202,535
- Nov 4, 2024 7:11am Nov 4, 2024 7:11am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Focus only on what truly matters!
- #202,537
- Nov 4, 2024 7:34am Nov 4, 2024 7:34am
- Joined Mar 2012 | Status: Trader | 1,983 Posts
{quote} Big "IF"
{quote} Not sure why you think that
Dollar will rally for weeks, enough to make good money (plus carry over the euro).
The point here is, from here on, technicals will not matter much in the next 24 hours - supply and demand zones I think still matter as always, but watchout - exit polls and pre-polling will start within hours.
{quote} Yes absolutely sir, if he loses, you will see a drop in the dollar, but it may not last, I think Euro would actually do better under trump next year because he will end the war. {quote} I don't think it, it's a fact. I hope it happens, just to see your face
I'm afraid I'd probably disappoint you as I don't get emotionally attached to this stuff. I just act on what it does. I do have a general negative bias on the Euro as I am still doubting it will ever see 1.13 again.
- #202,539
- Nov 4, 2024 8:24am Nov 4, 2024 8:24am
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Let's focus on EURUSD... Election talk should be kept closely related with the currency and not bring in politics...
Thanks in advance
Thanks in advance
Focus only on what truly matters!
- #202,540
- Nov 4, 2024 10:01am Nov 4, 2024 10:01am
- Joined May 2011 | Status: Trader | 1,577 Posts
It's been really great for range trading using 1 hour chart candlesticks. This has been my preferred strategy up to now. This is my last day trading until Thursday New York open as I do not want to trade the whipsaw that next few days will bring. Been there, done that, lost money
For those inclined to get on the roller coaster, there are 3 outcomes of US elections result (I am talking around the time of London open Wednesday)
1. Like 1984 or 2008 (Sweep, no doubt who won)
Scenario 1. Will start off moving in expected direction. But... BIG But... Expect the movers to push opposite direction early on so they can accumulate their holding positions at favorable prices while taking short term losses to build against retail. In Days Of Olde, it was called "painting the tape"
2. Like 2000 (No Clear Winner. Took many weeks before winner was decided)
Scenario 2. Super Chop. It will be range traders dream market. Up and down and side to side.
3. Like 2020 (Results were in but disputed)
Scenario 3. Will be tricky as trader emotions get high. Stay small and try to ride the surf. But just like surfing do not turn your back on the trade. It might be a nice curling wave or it might be a tsunami. Stay safe and live to trade another day.
Happy Trades to you,
NB
Ecclesiastes 1:9