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EURUSD only

  • #203,861
  • Jan 9, 2025 2:30pm Jan 9, 2025 2:30pm
Quoting apexmaster37
Hello I'm new to forex trading. I'm trying to figure out how people make money by selling not buying. Thank you
I will keep it very simple. If there are banking masters among us, please don't crucify me

Now, in traditional stocks-logic making money from sell betting is not possible, yes. Because there, you can literally only buy the "paper" of a company first to later perform a sell action. End of story.

But in forex it is different because you are trading a currency pair... pay attention--> Currency Pair. That's similar to as if you are betting against two horses racing with each other. You are either betting for horse A or horse B. In our case it is horse-EUR racing against horse-USD.

When we say: "I am selling "EURUSD", behind the scenes we are actually buying the papers of Horse-USD.
When we say: "I am buying "EURUSD", behind the scenes we are actually buying the papers of Horse-EUR.

Again: I kept it ultra simple because normally there are conversions happening behind the scenes at your broker based on your base-currency. All irrelevant for your question so my words should suffice.

I hope it clarifies...

Keep learning and good luck in your journey
Focus only on what truly matters!
  • #203,862
  • Jan 9, 2025 2:54pm Jan 9, 2025 2:54pm
Quoting eric27
{quote} I too am new to forex, i pretty much already understand the basics though, wanna be friends, lets learn together
Welcome on here. I have just been here for couple of weeks but I can tell you that you are in the right forum for EUR/USD. I have learnt a lot of things so far and it has improved my trading journey. While some trader's can provide more insight in the current market, you need to make sure you stick to your plan if you already have one that works. Remember, the only thing you can control in the market is you RISK
You can be wrong half of the time and still make a fortune
  • #203,863
  • Jan 9, 2025 3:08pm Jan 9, 2025 3:08pm
Quoting Ata-Turkoglu
{quote} I will keep it very simple. If there are banking masters among us, please don't crucify me Now, in traditional stocks-logic making money from sell betting is not possible, yes. Because there, you can literally only buy the "paper" of a company first to later perform a sell action. End of story. But in forex it is different because you are trading a currency pair... pay attention--> Currency Pair. That's similar to as if you are betting against two horses racing with each other. You are either betting for horse A or horse B. In our...
Hey Ata brother has it happened you have your YouTube channel or any video uploaded? I am very keen to watch it
  • #203,864
  • Jan 9, 2025 3:19pm Jan 9, 2025 3:19pm
Quoting Vikolee
{quote} Welcome on here. I have just been here for couple of weeks but I can tell you that you are in the right forum for EUR/USD. I have learnt a lot of things so far and it has improved my trading journey. While some trader's can provide more insight in the current market, you need to make sure you stick to your plan if you already have one that works. Remember, the only thing you can control in the market is you RISK
True, but it also helps to have someone to talk with about trading especially when you're stilling learning ya know....
  • #203,865
  • Jan 9, 2025 3:35pm Jan 9, 2025 3:35pm
Quoting Lcky
{quote} Hey Ata brother has it happened you have your YouTube channel or any video uploaded? I am very keen to watch it
Thanks for asking but still too busy for that kind of extra efforts... Maybe in one of the upcoming years...

This thread needs me to stay focused... So, for now that's what I do!

Best wishes
Focus only on what truly matters!
  • #203,866
  • Jan 9, 2025 3:52pm Jan 9, 2025 3:52pm
Quoting eric27
{quote} True, but it also helps to have someone to talk with about trading especially when you're stilling learning ya know....
That can not be overstated...
You can be wrong half of the time and still make a fortune
  • #203,867
  • Jan 9, 2025 4:06pm Jan 9, 2025 4:06pm
Quoting apexmaster37
Hello I'm new to forex trading. I'm trying to figure out how people make money by selling not buying. Thank you
Its called shorting. Ata described shorting in currency pairs perfectly. You are just placing the cross against each other. If you think the US dollar is going up you short the EUR/USD. If you think the US dollar is going down you long the pair.

However, shorting is possible for other instruments, stocks for example. When you sell a stock you do not own, you are shorting. Because of long settlement dates, you can basicaly sell something you dont own but you must cover the short through buying the stock. You sell at a given price and buy at a lower price and you pocket the difference. If it goes up you cover at a higher price and lose money.
Why go long...When you can go short!
  • #203,868
  • Jan 9, 2025 4:26pm Jan 9, 2025 4:26pm
Quoting Ata-Turkoglu
Meanwhile, on H1... For now, I am still bearish... Bulls are about to retest 1.0319 area... The result (if a break above) could affect my bias... Let's see... {image}
I concur, been short from 1.04132 closed half on the 8th and waiting for retest of the 1.0319 area to add back.
Why go long...When you can go short!
  • #203,869
  • Jan 9, 2025 4:28pm Jan 9, 2025 4:28pm
Daily candles looking good for bulls
Friday may be a bull day
Best wishes
  • #203,870
  • Jan 9, 2025 6:44pm Jan 9, 2025 6:44pm
Quoting Bloodwish
Daily candles looking good for bulls Friday may be a bull day Best wishes
If the Bulls attack this Friday and in the next weeks. I will give food to 100 people on Good Friday.
FX369
  • #203,871
  • Jan 9, 2025 7:40pm Jan 9, 2025 7:40pm
EURUSD seems more sideways. This can be seen from the Bollinger band squeeze on the H1 timeframe. Maybe the market is waiting for the release of today's NFP data.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 10 1 2025 h1.png Size: 15 KB
I trade at FXOpen
  • #203,872
  • Jan 9, 2025 9:34pm Jan 9, 2025 9:34pm
Alright looking for shorts here on EURUSD as daily profile on DXY still seems to want to move higher. Target at 1.02742 with stop at 1.03077
  • #203,873
  • Jan 10, 2025 12:37am Jan 10, 2025 12:37am
the downside direction is still intact, for me.
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  • #203,874
  • Edited 1:17am Jan 10, 2025 12:51am | Edited 1:17am
Quick H4 Update

Just like I shared yesterday, here are the updated sweet spots for today: ~1.0290 is my pivot..

Bulls must break above ~1.0334 to create reversal... Bears must break below ~1.0245 for continuation.. Let's see how this day ends..

*Please note that even if bears reach 1.0245 area, it is still a higher low! So sellers should be extra careful today!

Wishing a trouble free NFP-Friday to all
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 22 KB
Focus only on what truly matters!
  • #203,875
  • Jan 10, 2025 1:41am Jan 10, 2025 1:41am
Dear All,
I am relatively new here, following You for a few weeks now.
Ata, it seems You are an expert about EURUSD and You have good predictions. Keep on doing Your job in the same way in the future!
According to the following chart, FIBO predicts cca. 1.01862 as a bottom in the upcoming days or maybe sooner.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2025-01-10_08-32-56.png Size: 37 KB
  • #203,876
  • Jan 10, 2025 2:56am Jan 10, 2025 2:56am
Those going long should enter with care. Still watching the market. The bears might push the market down more to 1.026.
Just an opinion tho

Have a good trading day
You can be wrong half of the time and still make a fortune
  • #203,877
  • Jan 10, 2025 3:23am Jan 10, 2025 3:23am
Quoting Ata-Turkoglu
Quick H4 Update Just like I shared yesterday, here are the updated sweet spots for today: ~1.0290 is my pivot.. Bulls must break above ~1.0334 to create reversal... Bears must break below ~1.0245 for continuation.. Let's see how this day ends.. *Please note that even if bears reach 1.0245 area, it is still a higher low! So sellers should be extra careful today! Wishing a trouble free NFP-Friday to all {image}
Agreed... I have had price alerts at 1.03255 and 1.02787 since yesterday afternoon, I wanted to scalp after yesterday's USD blah blah blah but I'm out of options for now ... We'll see when it starts ringing and it goes somewhere ...
Nothing is impossible.
  • #203,878
  • Jan 10, 2025 5:14am Jan 10, 2025 5:14am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #203,879
  • Jan 10, 2025 5:46am Jan 10, 2025 5:46am
Quoting Sudyati
Dear All, I am relatively new here, following You for a few weeks now. Ata, it seems You are an expert about EURUSD and You have good predictions. Keep on doing Your job in the same way in the future! According to the following chart, FIBO predicts cca. 1.01862 as a bottom in the upcoming days or maybe sooner. {image}
Thanks and welcome to the family...

Enjoy the thread..
Focus only on what truly matters!
  • #203,880
  • Jan 10, 2025 5:48am Jan 10, 2025 5:48am
Quoting Pozemstan
{quote} Agreed... I have had price alerts at 1.03255 and 1.02787 since yesterday afternoon, I wanted to scalp after yesterday's USD blah blah blah but I'm out of options for now ... We'll see when it starts ringing and it goes somewhere ...
Yes, no movement so far because smart money is waiting for numbers... so do I... Zzzzz....

Wishing you the best once data comes out
Focus only on what truly matters!
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