FX Daily: Too early for a move above 1.10 | Article | ING Think

EURUSD only

In forex, we make up less than 7% of forex transactions, including travelers changing money on their tourist vacations. The other 93% are banks, money changers and institutions. I doubt smart money was not involved.

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More news: Gold climbs higher on dollar dip, Fed pause bets | Reuters The money changers adjusting their books...

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The news: Gold Safe Exchange: Gold Prices Continue to Rise as U.S. Weekly Jobless Claims Climb to 217K (yahoo.com)

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So, you are saying smart money got flushed out.

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Your strategy?

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You must be a millionaire by now.

SPX and DAX - CFDs are the place to be

Oh wow!

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Pull up the average daily range indicator on your chart; and, there you go! You have an average range where price may go to. Traders use this to determine extremes of price movement for the day or week or month. Some use the average daily range, ...

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Leading indicators are not superior to lagging indicators. You can lose a lot of money with leading indicators just as with lagging indicators. When you use leading indicators, they can mislead you and you will experience a lot of fake-outs. If we ...

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Most likely I forgot about it because I Am focusing on too many things at once.

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[quote=woody70;14670662] That is good to hear. Well, I hope you have a good chatting experience with other traders here.

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[quote=woody70;14670574] Nice! Retirement! You will make more money investing in stock on weekly and monthly charts than in forex. Forex does not trend well, but mean-reverts since prices are made to be stable. Stocks go up because investors believe ...

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Wait! And you cannot hedge, right? Where is your stop out point? At some point, GBPUSD will turn around. It is not a stock that goes up 200% in one year.

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You said, "Are you trying to say that institutional traders do not use TA?". I was replying to that question. They do use technical analysis.

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The reason is a simple one:Investors dump dollar in bet that US rates have peaked (ft.com)

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[quote=woody70;14670546] Because humans like to brag about their wins and hide their losses to keep up with appearances. Just like all the youtubers out there in the world that are furus (fake gurus). Not one of them shows a real statement from ...

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I said nothing of that matter. However, the so-called "smart money" in forex does not need our, tiny and retail, liquidity to move prices the other way as is taught by most price action traders.

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Take the loss.

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