Euro / U.S. Dollar forum
GBPUSD 
DXY 
EURUSD 
XAUUSD 🔴 HIGH IMPACT NEWS: Core PPI m/m | PPI m/m | Unemployment Claims
Events scheduled ahead, keep your positions protected, Scalpers/ Intra Day exits trades before news, preferably a hour prior to avoid loss. Swingers need to stay attentive due to the current Levels.
Wish you all the best for today's trading sessions.
EURUSD Fox just posted that they are projecting the Republicans will hold house majority. It will be interesting to see how this plays out in New York session. I’m off to bed now, see you all early tmr. Cheers🥂
EURUSD I’m in long since 1.065…..EURUSD I have not posted a short lesson in a long time so here’s one while Asia session takes it time warming up. I have talked about EMA before but not how it’s used with ADX. So here’s goes…Red Line is 200EMA
Blue Line is 20EMA
ADX is bottom window
The combination of ADX (Average Directional Index)and the 20EMA (Exponential Moving Average) is a powerful way to identify and trade trends in the Forex market. These technical indicators help you assess trend strength and direction, but to make your trading even more effective or have an “edge” Than you must include fundamentals which plays a crucial role in confirming these technical signals.
Technical analysis shows how the market is moving, whether it’s trending strongly or weakly, and in which direction. The ADX measures trend strength, while the 20EMA helps identify whether the market is in an uptrend or downtrend. However, these signals are only part of the picture. Fundamentals, such as economic data, interest rates, inflation, and geopolitical events, explain why the market is moving in a particular direction.
For example, suppose you’re looking at a bearish signal based on the ADX being above 25 (indicating a strong trend) and the price being below the 20EMA (showing the market is in a downtrend). This suggests a good opportunity for a short trade. But if there is also negative economic data coming out of the country whose currency you’re trading (like weak GDP or high unemployment), or if the central bank has a dovish stance (suggesting lower interest rates or monetary easing), that reinforces the bearish trend. The technical setup is now supported by the fundamentals, increasing confidence in the trade.
On the other hand, if there are no fundamental factors supporting the bearish trend, such as positive economic data or a shift in central bank policy. It is worth questioning the strength of the trend, even if the ADX and 20EMA are signaling a downtrend. Without fundamental support, trends can sometimes reverse or fail to develop as expected. I hope this help you all…I want each and every one of you too be successful and realize trading is stupid simple. Cheers 🥂
Disclaimer: To anyone considering copying and reposting my content as your own, beware. This is not the first time this has happened, and I will find you. I take this seriously, and I will take the appropriate actions to address this as this is my work not yours. Do not copy my posts. This is a direct warning.
tradingview.com/x/Y6dxDnaf
EURUSD Ever since Trump won the election, my daily chart changed from candles to Heikin Ashi. Is anyone else having the same issue?
EURUSD How many of them is long here ? Just give your presence by acknowledging this..
EURUSD it’s so bearish though… I’m still in buys neverthelessEURUSD ‼️Update‼️ For Euro: There is news for the euro but it is low impact.
For USD: 8:30AM High Impact
Core PPI m/m
Previous- 0.2%
Forecast- 0.3% (Bullish expect some strong reactions on the market tmr)
PPI m/m
Previous- 0.0%
Forecast- 0.2% (Bullish expect some strong reactions on the market tmr)
Unemployment Claims
Previous- 221K
Forecast- 224K (Bearish but I’m not expecting much reaction in the markets due to the number not being a huge difference…but I could be wrong so keep a close eye on markets reaction)
For USD: Medium Impact 11AM
Crude Oil Inventories
Previous- 2.1M
Forecast- 0.4M (Bullish…I don’t expect this to affect this pair but the USDCAD I expect some reaction to it)
All throughout the day, Fed members will be speaking. Powell will be speaking at 3PM so expect alot of volatility. A side note as well…it’s appearing as if Powell is really pushing for one last rate cut. Personally I don’t think it’s needed but then again I’m not on the FOMC and they do all the data crunching to make the call.
I hope this helps. See you all bright and early for New York session, Cheers 🥂
tradingview.com/x/zKdNE8If
EURUSD even if an asteroid is heading towards Earth, scientists believe we could potentially stop it by deflecting its trajectory using various techniques, including launching a spacecraft to collide with it ("kinetic impactor"), utilizing a gravity tractor (a spacecraft orbiting close to the asteroid to gradually pull it off course), or in extreme cases, using a nuclear explosion near the asteroid to fragment it.So eu still might have a little hope. it just needs a nuclear explosion of some sort.
(i just copy pasted what i saw online about the asteroids)
EURUSD My Risk Management Strategy:
1) Set a Stop Loss
2) Don't move my Stop Loss
3) Smaller Position Size
4) Don't move my Stop Loss
5) Trade higher time frame
6) Don't move my Stop Loss
7) Wait for better entries
8) Don't move my Stop Loss
9) Add to winners and reduce losers
10) Don't move my Stop Loss
11) Don't move my Stop Loss
12) Don't move my Stop Loss
One thing that has helped me out too is when I close a position that's retracing to break even. If it retraces more, then I just get a better entry.