Why EUR/USD is Rallying… and What Could Cause it to Stop - Forex Factory

No, it is of course the Market Makers of the 7-8 large banks, draining the Retail Traders again. Last month Eur/Usd dropped like a rock in how many days…? In 12 out of 14 days, some 325pips down, not so much but some nice volatility. Because of what ? Yes, the Corona virus !
Now it rallies 7 out of 7 days with some more volatility, more than 380 pips….because of what ??. Yes, the Corona virus ?! For those who struggles with Alz, it works well, and mass psychology helps the media and other smarties (ECB Members, Feds, etc) to construct a story. Only one works for me, and it is the MMs strategies to drain the Retail Traders (Dumb Money). The banks need to earn a buck (or USD 50 - 100 mill) a day too on this. Note: I did not make up those terms....LOL, and sometimes I am part of it too. And for those always denying this, a hint: Look at the Longs and Shorts today, on this same Forex Factory page - called Live Account, and then go back and look at the same chart 2-3 weeks back. Something strange there…..Almost everyone was buying back then, some 85-90% of the live accounts ! And today almost everyone is selling, more than 75%...Yes, it is the ones here at these FF threads, the majorities of the FF members, representing the DM. This page is unique ?? No, look at MyFxBook….same story there, and also on a number of other Sources (brokers) available. Am I trying to be smarter than other Retail Traders ?, No, certainly not, and I am aware of the MMs / Big banks running the entire show while we (or some of us) eat any story their media helpers serve us. Certainly Corona has an impact on World trade, but it is not the Spanish decease which killed 100 mill and lasted only for 2 years. Only mentioning it as I think it is quite funny when seeing the officials and "serious" media using the same story on a swing of minus 330 pips to + 380 pips in just a few weeks. Good Trading !!

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2020-03-02 15:04:00Z
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