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  • EURUSD Rallies to Test Top of Overall Range

    From dailyforex.com

    The euro rallied significantly on Wednesday to reach towards the top of what has been a relatively well-defined trading range. Because of this, I think that the market is trying to front run the jobs number on Friday, perhaps giving us a little bit of a “heads up” on what is about to happen with the euro, and then perhaps even the US dollar itself. Looking at this chart, it is obvious that the 50 day EMA is coming into focus again, which sits at the 1.1376 handle and looks as if it is tilting lower. The 1.1375 level is the beginning of significant resistance that I think extends all the way to the psychologically ... (full story)

A stupid pair to trade, up and down, up and down and going nowhere.
  •  Guest
  • | IP XXX.XXX.114.11
Quoting Bakker
A stupid pair to trade, up and down, up and down and going nowhere.
The range bound price action makes for quality pips.
  •  Guest
  • | IP XXXX:b90c:172d
Quoting Bakker
A stupid pair to trade, up and down, up and down and going nowhere.
Margin call?
Quoting Bakker
A stupid pair to trade, up and down, up and down and going nowhere.
I got your sarcasm Bakker but for those who aren't familiar use a
...because you never know - until you do!
Quoting Bakker
A stupid pair to trade, up and down, up and down and going nowhere.
It will go somewhere, just get ready.
EURUSD moved more than one thousand pips in the last 8 months.
Follow your guts, if you want to lose your money...
"EURUSD Rallies to Test Top of Overall Range..." Which it missed by about 40 pips short! Top of range is 1.1386x. Top of referenced move is only 1.1346x.

Besides, very well could have been MMs pumping one more time to fill SM short orders ahead of a much BIGGER and longer lasting DROP. We can never know how the MMs will manipulate prices in order to have price where BIG COMMISSION SM ORDERS LAY WAITING TO BE FILLED.....no matter the state of so-called indicators.....HTMRW.

We cannot EVER know how the MMs will move prices! But the bias cleverly caged in "news" would have us believe otherwise. We must be VERY CAREFUL about this.......
Attached Image (click to enlarge)
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Quoting fxsport
{quote} I got your sarcasm Bakker but for those who aren't familiar use a
Nothing better than GJ, beat all the others hands down. Look at GJ's trend!! want to make 70+ p per day.
Quoting JotaP
{quote} It will go somewhere, just get ready. EURUSD moved more than one thousand pips in the last 8 months.
Take a look at GJ, you'll never look back again. From Dec 21 it moves 800p almost straight up, hows that?
  • Comment #9
  • Quote
  • Edited Jan 8, 2022 2:56am Jan 7, 2022 3:23am | Edited Jan 8, 2022 2:56am
Quoting Bakker
{quote} Take a look at GJ, you'll never look back again. From Dec 21 it moves 800p almost straight up, hows that?
Yeap, great pair. About 150 pips in one day.

Attached Image

I may start trading with a 300 pips stop loss.
Follow your guts, if you want to lose your money...
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  • Story Stats
  • Posted: Jan 6, 2022 6:05am
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 9  /  Views: 1,501