Attached is the market sentiment and the 4H chart for DXY and EURUSD. The market sentiment didn't change much from yesterday. Stay safe guys.
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DislikedIn my opinion, today's FOMC meeting will determine whether to continue trading EUR/USD. My hope is that interest rates will rise. If that happens and the market doesn't fall, then I'll have to stop trading EUR/USD because it would be like gambling, which is not my goal. If interest rates do fall slightly, the price should stabilize because it's already significantly overvalued by about $0.04. If the rate doesn't move, then the market should fall. If EUR/USD still doesn't follow the fundamentals, I'll stop trading this asset for a while and switch...Ignored
Disliked{quote} I think you made perfect sense. However, I thought forex is traded by very smart people. But recently instead of the news to be digested. Investors react to just headline. It felt exhausting. I may be wrong though.Ignored
Disliked{quote} We've have have come to a junction where he intentionally makes the market erratic with his tweets. The Tarrif clownIgnored
DislikedPlacing a cheeky little long here for the funsies. No analysis just pure vibes Long @1.19836 1.19929 is looking like a key resistanceIgnored
DislikedBig move means high Historical Volatility and a real big peak. The largest spike on the 1m timeframe for the past 3 years (as far back as my chart can go). {image} Price point to watch out for: 1.20486 If I were biased short I would place an entry next time it touches. I am biased long so I will wait for a breakthrough and retest.Ignored
DislikedWhats everyone’s stance on high impact news days? Do you guys still trade or do you stand down and just observe? Do you wait for the news to hit and then trade on strategy? Also how do you guys think todays high impact news is going to effect the markets?Ignored
Disliked{quote} Best to observe a day like today if you're unsure. Trading the news can be profitable but you have to understand that the institutions get the information seconds to minutes before we do - us retail traders are their exit liquidity. Unless you have a Bloomberg terminal or some insider knowledge you are really chasing (or guessing) direction when trading news. For me, I like to find a direction (bias) and allow the news to settle before taking position. Price tends to retest multiple times so patience can pay off.Ignored