I have read from somewhere that new high or low tend to be created in January. If that's true, I am thinking it will happen around Inauguration.
I prefer not to do long term trading but this time looks like I will have to.
Also I will have to use TA.
I anticipate that dollar will gradually gain...
Yes, Euro will definitely continue to appreciate at this stage.
Euro will surely recover this year not only because of inflation but also because of elections
At the moment all US dollar pairs including gold is appreciating. And inauguration is on Jan 20. I have been keep thinking about the time when it will reverse. I think it will happen when ECB will announce it's interest rate on Jan 19.
Good on you :) yes, I do agree that there is no significant sign that there will be another crisis this year.
Looks like euro will continue to appreciate until inauguration.
Germany is heavily buying gold for hedging purpose now in case European banking system collapse in 2017... there could be another financial crisis in 2017 as there were last two 7th year.
Relevant article...
This is so true so I could not agree more.
Normal retail traders probably don't really understand what you're saying because they don't know which fundamental info affects currency substantially and permanently and why.
It's nice to meet you
Have new year :)
All good because this is the truth.
A lot of retail traders have frequent small wins using TA and then they get one or two big losses which will take away all their hard earned profits eventually.
TA is based on past info and does not incorporate upcoming info. So It may appear work only when...
Stop loss is essntial in day trading. But I have stopped day trading. I only trade off fundamental info now and don't set stop loss at all. But I do secondary research prior to trading as part of risk mgmt.