FX_IDC:EURUSD   Euro / U.S. Dollar
657 13 17

I want to ask you, how did you come up with the idea that eur usd will decline sharply hours before the close before the french elections?

On almost every blog we see people talking about the epic upcoming event with polls indicating 60% of votes in favour of presidential candidate Macron who is in favour of
France staying in the EU and part of the euro currency country group?

Don't you think this is really bad for people to suggest such a sharp decline while eurusd is expected to raise by more then 50 pips according to most blogs?
According to me if forex traders open shares short with a free margin of less then 80% and leverage above 100, I expect many many margin calls.
I am curious about your response,

Kind regards,

Homer Newman
forex_knight HomerNewman_FX
@HomerNewman_FX, Interesting insight, well I use technical analysis which lead me to a conclusion that EURUSD is going down. Unfortunately, I can't share my strategy of how exactly I came to this conclusion.
HomerNewman_FX forex_knight

Hello Knight,

Recent election results before the final results indicate 65% of votes during today's voting, before the market opens we get the final results.
This is about the same as the polled 60% to 62% of votes on thursday and friday.

I think, with national elections , when it affects a currency, if votes are in favour with more then 7% difference it is generally safe to open positions on the forex markets with larger margins then usual,
and oftenly , this is extremely profitable, you could expect more then 100 pips profit at the opening in many cases, in 2017, there are more elections upcoming in the eurozone, such as the extra important german elections, my bet is, also with this election, there could be a large increase in value of the eurusd forex pair.

so, let's see what happens, and, good luck with the next european election this year!


Homer Newman
forex_knight HomerNewman_FX
@HomerNewman_FX, I guess it's going down now:)
But sir, in this case? when should you enter the trade, and where do you put stoploss?
@rgrg, I put my SL just after the trend lines...1.10200 and I sell at around 1.09300
rgrg forex_knight

Something like this? :)

+1 Reply
@rgrg,yess looks perfect :)
rgrg forex_knight

Hows your view on usdjpy

Looks like also going down, but both cant go down togather?
@rgrg, yeah technically, they can't both go same direction but it seems like they're both going down together now...mmmhhh interesting
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