Ready, SET, Go!

Slowly moving to the correct direction, however, we have not made a new top yet.

So this possibly means target the orange marker at 1.022

Thanks for updating!

Hi, traders!!
Price reached up trend line according TV, but MT4 not yet, some differences with trend line...it continued almost for one month.... I am up now..will see

Well Placed order!

I am going in for a new entry at 1.0535 to short, target is a possible new low. Fingers crossed.

Took profit with long... and shorted already too ...it may needed to wait for price break highs ... If price will go higher I will add positions.

The last trades I took this week (still going)

Same here, even tho it sky rocketed, it just confirmed the up trend line at the bottom, which means it needs to be touched the lest, bot most probably crossed towards the orange marker.

My reason to think about this is simple: the daily chart shows that we had a break before makign a touch to the trendline, so I have high hopes that the major down trend continues.



To be fair, Trumps comments on X make bigger impact nowadays than the news themselfs, aaaand any good news about the EU is over priced. I have no means to agree or disagree with what Trump is doing, but thinking about the dollar as still the words most valued asset, I maging how good could that be for investors now to buy the dollar at this price, and since Trump is a businessman, I think all this is nost just a show up... its a money game...

the DXY




It shows that the down trend has been crossed, but the orange marker has not been reached. And as you see there were multiple attempts to push the dollar down, yet we had no lower low, and eventually had a higher high formation. I think this is a necessary correction. And the Aim is still the 113 and long run, newer high.

Same reasoning for this is simple, they print money.... Look at the SP500, it will always make newer highs... same as the dollar. The worth of that dollar well that will be different, but on the chart we will see it rise.

To me, the real important news will be truly the ones for the EU, as the EU might struggle from the trade wars and will heavily impact GDPs of the countries as well as inflation. The tarrifs just go live, any measureable impact will come in the following months. So we will see. Now Trump is the Putin puppet and all that is around the internet, but we will see how his policies will affect the world.

Careful trading to all

This is a great plan, and I'm of the same mind. This needs to be reposted over at EURUSD only

Well this is how gold played out massive W.

This is the last setup I'm trying out for this month probably.

I am expecting a similiar step for the EURUSD, but there is still some to go up before I can go for a certain short. Good luck!

Update,

So the Downtrend line has been reached, from now on two possibilities lie ahead...

1: Reverse from this red triangle eventually making a new low. So going to sub 1.02 reaching the lower orange marker.



2: Breaching 1.12 which is our orange marker, and from there next stop 1.128 minimum... and the price continues to aim for our Ultimate trend line which is the top most white trend line. which is around 1.2... eventually forming the new uptrend line marked with Blue...

Now Here is the Deal on what I think will happen.

Checking the DXY

The Weekly graph shows:

1 Downtrend line coross, with no orange marker breach. and we are aiming badly downwards towards sub 100. If that happens the blue new trend Line takes precedence.




Forming a possible channcel pushing the DXY down ti 96, which would corelated to the 1.2-s long term prediciton. Going down to the
Daily Frame:



The sub trend support is so flat... we will reach it and it is not likely it will push it for a new high. Still possible.. but not likely. If it does, it might form a triple bottom which is a really strong defence line, and that could push the price up, but if that breaks its a further major fall, corelating with the long term 1.2 ish prediction.

Now my Take is that this last push, on the DXY that happened when Trump was elected raised the price to a newer high, which could be a potential indication that the market knew and priced in these actions he is taking now, so their effect are less severe... ( AND YES THEY ARE DAMN SEVERE ) and we might actually see a turnaround in the coming days or weeks eventually making it go for 114 again before it dips down again. Why I would think that?
So here is the deal, new Tarrifs in place, market panic reaction kills the dollar now, but we can't escape the fact that still, the Dollar is a better option over the EUR. So since Trump is a business man, I think this is a calculated market manipulation as well. I don't think he will step out and restore things as they were without kinda "winning".
Since he wants out of NATO and now out of some major world wide organizations, for some reason USA seperation is now happening, and this could actually strengten the Dollar by weakening the EUR. Why? Well.. Leaving the EUR in war with Russia? Who's money will be more on stake? Who will have to rebuild Ukraine at the end of the war. Not the US, and it won't be a 1 year job... So for the long run to be fair EU Zone has more losses to face and will need help, not just military but economy wise, EUR Cuts of Russian market support with the war, so not going there, China? Risky....
How about bowing a bit towards the US and let's be friends again... more likely? I assume... And for this let me show you this picture.



So this is a simplified DXY Weekly picture. Showing everything from the 80's till today. So as you see. We are currently still in an uptrend which has been confirmed with the down trend cross, orange marker not reached yet! But has to be, that marker is up at 120! Which is like almost 20% away from here.

I know this is like SO LONG TERMS right? How to calculate with this on our daily trends? There is no way... as it also shows a Huge problem.. For daily trades, we are just at the worse place to be. We are too far from our uptrend to aim for buyers with good profit, and we are too far from the orange marker to go for a downfall...

Also I have been waiting and waiting for a comeback to my ternd and target of 1.036, which is now MILES away kinda.... I still have those trades in as they are not huge trades and my margin/capital is safe, and my target is also sfate technically speaking until September ish, which is the point when the uptrend line will go above the target line. So, I can still wait but I am not too happy, I gotta say that I am still confident in knowing where the price will end up, but what I lack is the time frame. So I have been busy finding clues for these things, but I am yet to find it. I wil update the thread time to time. And will let you guys know where I am headning with this system. And if I get anything to add I will mark it and share it.

Feel free to check lower time frames and take trades as sub trends on M1 and H1 might still work more or less in a shorter time frame. But be always on the safe side.

Cheers

Well,

this is nuts:

So,

After taking heavy losses, and had some time to rethink what is actually happening I came up with an answer. I will prep you guys tomorrow something shockingly simple... That could have saved me some good money.

I wonder what you guys will say. I am lookign for some testerstho

Cheers

Check the new thread, this is where I would like to continue

STT - Simple TrendLine Trading | Forex Factory

hi gleam i wanted to ask about fractal lines strategy indicator im a beginner in fx so and i want to use indicators and strategy so if you tell me about it i will be thankful and if it’s a successful strategy and win rate