Disliked{quote} missed entry 1.3550(not typo 1.3359) by 2.3 pips.....dang...Ignored
after second attempt finally in......1.3550
and not liking current candles on most time frame....out with +25pips gain
Wooooohooooo or Boooooohooooo
EurAnalysis Kindergarten 24 replies
Disliked{quote} missed entry 1.3550(not typo 1.3359) by 2.3 pips.....dang...Ignored
DislikedI use the DXY as an indicator [as a pre-determinating factor] for long/short entry points in the eu pair. Price on the index is entering into a band of daily resistance, 81.00 up to 81.40. I won't try to forecast what price is going to do... because I don't know. However, my immediate observation from the 4hr chart would seem to suggest that following a series of multi tests higher, price at this moment is having difficulty closing abv 81.05. I'd be surprised if price fell away quickly given the recent strength that the $ has enjoyed. The main point...Ignored
DislikedIn the grand history of this great thread, today is the first NFP day, that there was no meaningful post. I surely missed it, especially (mostly) an illuminating post by our fearless leader, The Pip Trapper.Ignored
Disliked{quote} Sorry about that Minor. I was trying to focus strictly on technicals today. Let me tell you why. Over the last few days I realized that there was no way to predict how the market would react to a better than expected number or a worse than expected one. Therefore I decided to sit on the sidelines and wait to see what happens. I didn't place any trades on the Euro today but I did manage to buy into the GBP/USD rally strictly on technical basis. From my perspective there was no high probability technical trade on the Euro, so I stayed away...Ignored
Disliked{quote} Thank you, sir. This is exactly what I was yearning for. A brief, to the point, precise and concise summary of the prevailing market sentiment and easy to understand technical analysis. My apologies if I sounded like complaining or whining. In fact, in hindsight, it appears to have been some sort of manifestation of "withdrawal symptoms"Ignored
Disliked{quote} Thanks for the chart CK. The red lines is what I am thinking. {image}Ignored
Disliked{quote} Sorry about that Minor. I was trying to focus strictly on technicals today. Let me tell you why. Over the last few days I realized that there was no way to predict how the market would react to a better than expected number or a worse than expected one. Therefore I decided to sit on the sidelines and wait to see what happens. I didn't place any trades on the Euro today but I did manage to buy into the GBP/USD rally strictly on technical basis. From my perspective there was no high probability technical trade on the Euro, so I stayed away...Ignored
DislikedHi PT! In considering the fundamentals underneath the EURUSD pair...i think the 74K NFP number will only have a short-term-dollar-negative effect, and may take us to 1.37150 or 1.37200 region soon.( and put a hold on tapering). On the other had,the 0.3% drop in unemployment rate is bringing to fore the reality of a US rate hike before the 3rd quater of the year;seeing that 6.5% is the target for the Fed and we are just 0.2% away from that mark. What are your thoughts on this?Ignored
DislikedGood day folks and Happy Monday. It will be interesting to see what the markets have in store for us lowly retail traders today. Being a Monday following NFP, traditionally price keeps going in the same direction as the final one after NFP. However, I think that move is somewhat exhausted and needs some consolidation which will either come in the form of a pullback or sideways action. NY session may prove otherwise. Anyway, I'm standing aside until I see some action. I'm still bullish, but this is not a level to enter long because the RR sucks.Ignored