EURUSD & The USDX basket Is Made Up Of 60% Eruos & 40% United States Dollars.
The EURUSD and the USDX also known as the United States Dollar Index is
made up of 60% Euros and the price movements are identical but in an opposite way.
I have studied both the Euro and the USDX for a very long time and I have come
to the realization that they run an algorithm between the 2 of them.
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When you see the USDX move 2 points…at the exact same time you’ll see the
Euro move 3 to 5 pips in the opposite direction. A lot of Forex traders swear that volume is
the key to price movement and I do agree with them for the most part, but…
I myself have come to the conclusion that volume in this particular situation
has absolutely nothing to do with it!
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That’s my theory and 2 pips worth! A lot of people think that the EURUSD
currency is a very choppy instrument. This is true but the cause of these choppy
market conditions is from the USDX making the EURUSD have a lot of choppy
retracements. Because the EURUSD is the most liquid pair thus makes it even
easier for us to trade with the high liquidity.
“Jack Of All Trades – Master Of None?”
Have you ever heard the saying “Jack Of All Trades – Master Of None?”
Master the EURUSD and you have mastered the Forex market. You see a lot of
traders feel they have to trade 10 different pairs and this is why they lose.
Master one instrument and you will win over and over again!
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It’s also a fact that Forex traders who win trade after trade find that boring so
they go and find another market to give back all the profit they just made.
It is a lot more exciting to win some then lose some and then try and make
back what you just lost – than it is to win most of the time.
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Sound strange? But it’s TRUE!
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When a Forex trader wins his/her first trade then loses the second trade, and then
loses the third trade, then the adrenalin starts to run rapidly! The trader gets
even more excited and keeps trading desperately trying to get their money
back that they just lost, so then they lose even more money until they give
up for the day.
Forex Traders Find More Joy & Excitement Losing Than Winning! I know this may not make any sense to you whatsoever but it’s a 100%
True Fact that Forex traders find more joy and excitement losing than
winning – even if their subconscious thought process isn’t aware of it.
People eat too much… They drink too much… And people drive to fast…
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Plain and simple – people are impulsive! And this is what causes them to lose!
You need to be patient and wait for the setup. And no matter how boring
winning becomes you have to put yourself in an “I am going to win
attitude!” state of mind, because if you don’t you’ll start to lose again!
Follow The Rules Set Out In This Blog and You’ll Win 80% of The Time.
Just follow the rules set out in this blog and you’ll win 80% or more of the
time. Also, be smart and trade the EURUSD and win all that money back
you gave to the market if indeed you have lost some pips in the past. I
myself had to delete all my other pairs on my platform to stay true and loyal
to the EURUSD – I am married to that pair. 100%!!!
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4XPip Snager is an amazing trading system, but will it catch every turn in the
market? Of course not, and no other trading system will either. Will it catch
the move right from the bottom up or from the top down? No it won’t do
that either. We aren’t trying to capture the whole move – just part of it. We
don’t want the whole Cow just some of that sweet cream…
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However, the good news is: 4X Pip Snager is accurate over 80% the time
and that’s all we need to have an edge in the Forex market. Have you heard of
Meta Trader 5? This is the new platform that should be available in the
near future which will eventually replace Meta Trader 4… MT5 will have
capabilities far superior to MT4 which in turn will present more advanced
Forex trading systems development. So stay tuned 4X Pip Snager V2 maybe just
around the corner…
