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  • Post #151,481
  • Quote
  • Edited 4:53am Jul 12, 2022 4:38am | Edited 4:53am
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,790 Posts
Quoting Js3mwtRc
Disliked
Good morning, EU came very near parity and now is standing above as I am writing looking to break. Resistance is at 1.0032 - also a decision point. 1.0006 pivot in my screen can bounce, or open the road to new lows like, 0.9983. Volatility today is 79 pips and price can travel more. {image}
Ignored
That weekly trendline is holding well. As long as price stands below it short opportunities might exist, unless bulls decide to break above it with sustainable force. 1.0040 is the new resistance level.

I still wait for that break below parity

German ZEW Sentiment in less than half hour is what to watch.


Edit: Weekly S1 level now (turned resistance) at 1.0018 is hinding a drop is coming.
Feels right this time!
 
1
  • Post #151,482
  • Quote
  • Jul 12, 2022 4:42am Jul 12, 2022 4:42am
  •  andvk74
  • Joined Jun 2018 | Status: Member | 1,981 Posts
2 target levels I expect to trade to, this week
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  • Post #151,483
  • Quote
  • Jul 12, 2022 4:48am Jul 12, 2022 4:48am
  •  Timevalue
  • | Joined Oct 2011 | Status: Uninformed Forum Lurker | 45 Posts
Quoting Ata-Turkoglu
Disliked
To me, parity parrots have already won long time ago even when numbers were showing 1.0140... but nooooooooooo, there are always those greedy "number addicted" morons who must see 1.0000 to the tick... They just can't help it.. *You can spot such morons in your close circle.. Those types always calculate everything to the smallest detail.. For example if they owe you 20.27 usd and you are okay with 20 usd payback, they insist in paying those 0.27 cents.. Of course it goes vice versa, they always insist for those detail cents when you...
Ignored
From now on I will only lend money to detail-oriented obsessives so I can be sure to be paid back to the penny, and only borrow money from those who never bother with details and only see the big picture so I can skim off the top more easily. This should be a winning strategy for me in the long run. Thanks for this nugget of wisdom.
 
1
  • Post #151,484
  • Quote
  • Jul 12, 2022 4:49am Jul 12, 2022 4:49am
  •  FireLazi
  • Joined Apr 2017 | Status: Money Maker | 81 Posts
Euro is going to 1:1 with USD?
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Money Maker
Acnestis All Time Return: 201.8%
 
 
  • Post #151,485
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  • Jul 12, 2022 4:57am Jul 12, 2022 4:57am
  •  Timevalue
  • | Joined Oct 2011 | Status: Uninformed Forum Lurker | 45 Posts
All the ECB would have to do is announce a surprise rate increase immediately, and this would buy the EURUSD more time above parity. Otherwise, dipping below parity is going to be a psychologically crippling wound for the currency and making any ECB moves less effective in the future.
 
 
  • Post #151,486
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  • Jul 12, 2022 5:11am Jul 12, 2022 5:11am
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,790 Posts
Quoting Js3mwtRc
Disliked
{quote} That weekly trendline is holding well. As long as price stands below it short opportunities might exist, unless bulls decide to break above it with sustainable force. 1.0040 is the new resistance level. I still wait for that break below parity German ZEW Sentiment in less than half hour is what to watch. Edit: Weekly S1 level now (turned resistance) at 1.0018 is hinding a drop is coming.
Ignored
German ZEW Economic Sentiment Actual -53.8 (Forecast -40.5, Previous -28.0) ZEW came bad, 1.0018 is the new decision point for both bulls and bears!
Feels right this time!
 
 
  • Post #151,487
  • Quote
  • Jul 12, 2022 5:21am Jul 12, 2022 5:21am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,325 Posts
Quoting Js3mwtRc
Disliked
{quote} German ZEW Economic Sentiment Actual -53.8 (Forecast -40.5, Previous -28.0) ZEW came bad, 1.0018 is the new decision point for both bulls and bears!
Ignored
It is ZEW but it is yellow news.. so not much of an impact as you can witness
Be a seer, not a looker!
 
 
  • Post #151,488
  • Quote
  • Jul 12, 2022 5:21am Jul 12, 2022 5:21am
  •  Formonix
  • | Joined May 2022 | Status: Elite | 165 Posts
wow just speechless
The only prayer you need is Thankyou
GTFX 2023 All Time Pips: 4,326
 
 
  • Post #151,489
  • Quote
  • Edited 5:34am Jul 12, 2022 5:23am | Edited 5:34am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,257 Posts
Well, here is parity finally. I expect price to go below it and suck the remaining liquidity if there is any there. German Zew, data all that is inconsequential. Price was predetermined a long time ago. Bulls are in for a tough ride. It will take a long time for accumulation and then the desired up move. Do not buy until at least 20 indicators tell you to buy. Hahahaha...
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
1
  • Post #151,490
  • Quote
  • Jul 12, 2022 5:28am Jul 12, 2022 5:28am
  •  Js3mwtRc
  • Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,790 Posts
Quoting Ata-Turkoglu
Disliked
{quote} It is ZEW but it is yellow news.. so not much of an impact as you can witness
Ignored
For me is different as I look at other news source and not only on FF, but it also kicks of the week and shows me a sentiment forecast just to start the week that comes out. Of-course nothing is sure, but I find it helpfull when I have nothing else to grab from.

I see no follow up, but EU is a pair that always cheat traders, before the bigger move.
Feels right this time!
 
1
  • Post #151,491
  • Quote
  • Jul 12, 2022 5:34am Jul 12, 2022 5:34am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,325 Posts
Meanwhile, on H1...

  1. While H1 candles open below 1.00279, keep selling spikes...
  2. No need for 20 indicators lol... Once/if you see a candle close above 1.0028 you might look for buying opportunities...
  3. Overall, almost all sellers are probably satisfied, except those greedy @holes who I mentioned earlier!

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Be a seer, not a looker!
 
5
  • Post #151,492
  • Quote
  • Jul 12, 2022 5:36am Jul 12, 2022 5:36am
  •  parisboy
  • Joined Oct 2017 | Status: Member | 8,880 Posts
EURUSD 1 mn
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  • Post #151,493
  • Quote
  • Jul 12, 2022 5:38am Jul 12, 2022 5:38am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,257 Posts
Quoting Ata-Turkoglu
Disliked
Meanwhile, on H1... While H1 candles open below 1.00279, keep selling spikes... No need for 20 indicators lol... Once/if you see a candle close above 1.0028 you might look for buying opportunities... Overall, almost all sellers are probably satisfied, except those greedy @holes who I mentioned earlier! {image}
Ignored
The divergence is already crying to be satisfied. This is like sucking the last gasps of air. Let's see how much lower they can go. I happened upon a method that almost guarantees me profit except I disobey. The buy will come but they want to frustrate all buyers first. When they give up then comes the rise. And it will be relentless. The same set of data. Same Ukraine Russia tensions. Same inflation but price will still rise.

Just a cycle to take money from people. Nothing else.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
2
  • Post #151,494
  • Quote
  • Jul 12, 2022 5:40am Jul 12, 2022 5:40am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 20,325 Posts
Quoting Mitiblotch
Disliked
{quote} The divergence is already crying to be satisfied. This is like suckling the last gasps of air. Let's see how much lower they can go. I happened upon a method that almost guarantees me profit except I disobey. The buy will come but they want to frustrate ll buyers first. When they give up then comes the rise. And it will be relentless. The same set of data. Same Ukraine Russia tensions. Same inflation but price will still rise. Just a cycle to take money from people. Nothing else.
Ignored
Can't agree more... same old same old..
Be a seer, not a looker!
 
1
  • Post #151,495
  • Quote
  • Jul 12, 2022 5:47am Jul 12, 2022 5:47am
  •  Sniper-FX
  • | Joined May 2013 | Status: Member | 58 Posts
A significant event happened .... I remember how 20 years ago I saw the euro off on a long journey ... and now it has returned, despite all the doubts of some people.
It's very nice to look at it...Now you can exchange all dollars for euros at the rate of 1:1!!!
 
2
  • Post #151,496
  • Quote
  • Jul 12, 2022 5:48am Jul 12, 2022 5:48am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,257 Posts
Pending long at 0.9991 just for fun.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
1
  • Post #151,497
  • Quote
  • Jul 12, 2022 5:54am Jul 12, 2022 5:54am
  •  mustafayucel
  • Joined Jan 2022 | Status: living deliberately | 704 Posts
We are at the lowest level in 20 years
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traders helps traders
 
2
  • Post #151,498
  • Quote
  • Jul 12, 2022 6:00am Jul 12, 2022 6:00am
  •  Erkat
  • Joined Jan 2022 | Status: Member | 424 Posts
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Ata,we reached the middle line of your weekly analysis (0.9999)..at any time the arrival of bulls and a temporary modification is possible
 
 
  • Post #151,499
  • Quote
  • Jul 12, 2022 6:03am Jul 12, 2022 6:03am
  •  Konichiwhaat
  • Joined Dec 2019 | Status: Member | 631 Posts
Quoting Ata-Turkoglu
Disliked
To me, parity parrots have already won long time ago even when numbers were showing 1.0140... but nooooooooooo, there are always those greedy "number addicted" morons who must see 1.0000 to the tick... They just can't help it.. *You can spot such morons in your close circle.. Those types always calculate everything to the smallest detail.. For example if they owe you 20.27 usd and you are okay with 20 usd payback, they insist in paying those 0.27 cents.. Of course it goes vice versa, they always insist for those detail cents when you...
Ignored
For years you have posted your analysis here to the precise pippett, the 5th decimal point, not the pip. Why would you make such a negative statement on here when EU is at one of its most interesting and significant round numbers in over 20 years? It has acted like a magnet and trading as close to it as possible has been a good strategy recently. I'm surprised at the comment
TIME is the most valuable commodity
 
 
  • Post #151,500
  • Quote
  • Jul 12, 2022 6:06am Jul 12, 2022 6:06am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 7,257 Posts
Just bought 0.1 at 1.0023. Seems it will spike soon. This is a predictive trade. Don't follow!
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
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