RomanoRnr
Short

EURUSD August - Is the Euro still Toast or not

FX:EURUSD   Euro/U.S. Dollar
Toast not not
Would you mind explaining your chart as it doesn't really tell me much. Thanks.
Reply
What do you want me to explain? Or what do you like me to say?
That I used magic trendlines? Magic Bat/crab patterns?

I don't believe the things investopedia tells us. Oh go long because of the double bottom. (Everyone places their stops below that double bottom) Price comes back and takes everyone out.

More than 93% loses consistently in Forex. That's why I trade against the crowd.
Even some medium banks lost their shor positions in EURUSD.
It was a no brainer EURUSD would go down again because it could not substain.

Central banks taking profits. EURUSD went down. Central banks pushed the price up to run some stops. Those stops become market buy orders, abd they were selling again.
I went short & Faded that move, knowing price would come back down. It went way too fast up anyways. Unefficient price action is what is it called.

And offcourse price felt back a bit above the central bank accumulation/woodchipper stage.

I look different at the market. Visit my blog. Blog.FxRaid.com
Reply
Magic
Reply
Yeah, that was a great call!
Reply
It went down even more. In my opinion, this was pretty accurate. Good for today. Couple hundred pips right?
Reply
Just closed my short on eurusd the way down. Closed everything. Pips are banked.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out