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EURUSD only

1.0404 is now my nearest resistance on M30...
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Be a seer, not a looker!
Quoting forexci
a 100 pips move to the upside is coming to 1.0480. They will probably close this gap on Monday or Tuesday. {image}{image}{image}{image}
I was expecting it to reach 1.0480 on Tuesday it is returning 30 pips down. Now it's short time to 1.0225. SL 1.0490
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Quoting Ata-Turkoglu
{quote} Always remember: Thanksgiving day is a reminder of the genocide of millions of Native people! Therefore, I choose to mourn together with my Native friends... I am always against oppression!
It is not oppression its natural selection. If it is opression then what we do is opressing all the people on the wrong side of a trade. We are not oppressing them we are outsmarting them as colonists did with the Natives.
Quoting Js3mwtRc
{quote} 1.0409 now. It's going to 1.0382 - the end of the road today but the US will be out and the buying will not happen like other days. I almost forgot it, Happy Thanksgiving!
We are still in the European session, my 15 minutes chart says the recent low is at 1.0383 and my 1 hour at 1.0382.

This low now is significant for more downside to 1.0345.

Todays pips travelled and the only thing left now is just sit and wait for the results of this small upmove.
Feels right this time!
Quoting Bartolomeus
{quote} It is not oppression its natural selection. If it is opression then what we do is opressing all the people on the wrong side of a trade. We are not oppressing them we are outsmarting them as colonists did with the Natives.
Sure but again: there is nothing to celebrate!

Best wishes
Be a seer, not a looker!
Quoting Js3mwtRc
{quote} We are still in the European session, my 15 minutes chart says the recent low is at 1.0383 and my 1 hour at 1.0382. This low now is significant for more downside to 1.0345. Todays pips travelled and the only thing left now is just sit and wait for the results of this small upmove.
How do you see the general trend?
Not much left until end of month and look at that mofu candle... Congrats to robber banks for pushing price up so strong without any logical reason.. I guess it was that pressure in their stinky bowels
Be a seer, not a looker!
Quoting Ata-Turkoglu
{quote} Sure but again: there is nothing to celebrate! Best wishes
I would argue there is a reason for celebration. As your ancestors from a nomadic Turkic tribe became full blown civilisation. Now thats an accomplishement worthy of a celebration. The same thing did the colonists. From outcasts and slaves of european monarchies they created something significant - the most powerfull country in the world, as Turks once were.

Peace
Quoting sboy.s63
{quote} How do you see the general trend?
Consolidation is the word. You can sell tops and buy bottoms in this case.
Feels right this time!
Quoting Js3mwtRc
{quote} Consolidation is the word. You can sell tops and buy bottoms in this case.
I agree it will probably consolidate. Sidelines for me.
Based on H4, it still looks like bulls are collecting power for another push up.. But when? I don't know yet.. I go with the M30 rythm..

--> 1.0421 is crucial here..
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Be a seer, not a looker!
Quoting Bartolomeus
{quote} I agree it will probably consolidate. Sidelines for me.
Yes its going to push up for 1.0480 for sure but this week is almost over. Next week is going to be better.
Feels right this time!
I am delaying selling this time.. Stay alert for fishy pa!
Be a seer, not a looker!
Quoting Ata-Turkoglu
I am delaying selling this time.. Stay alert for fishy pa!
how do you set TP ??
any particular level or just manually
PaRaM
Quoting pgidia
{quote} how do you set TP ?? any particular level or just manually
Manually! Roughly I try to hit 1:1 or 1:2 of my stop size, but I also like to trail stops and let myself get stopped out..

Generally speaking I don't set specific targets.. I try to detect areas where I believe hidden pressure will show and close once arrived.. Those are often the dotted trendlines on my charts..

I hope it answers
Be a seer, not a looker!
Quoting Js3mwtRc
{quote} We are still in the European session, my 15 minutes chart says the recent low is at 1.0383 and my 1 hour at 1.0382. This low now is significant for more downside to 1.0345. Todays pips travelled and the only thing left now is just sit and wait for the results of this small upmove.
One more! 1.0398 support at 15 min.

Edit: Its moving to 1.0449 but 1.0429 is an obstacle
Feels right this time!
On Daily, I have a mickey mouse pattern (just kidding) but just like I said earlier. whatever could happen will happen around the yellow circle..

Either a revisit to 1.0466 or a drop to 1.0335.. It takes time until real bears show.. MACD is sort of indecision atm.. We better don't rush in selling...
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Be a seer, not a looker!
Quoting Ata-Turkoglu
{quote} Manually! Roughly I try to hit 1:1 or 1:2 of my stop size, but I also like to trail stops and let myself get stopped out.. Generally speaking I don't set specific targets.. I try to detect areas where I believe hidden pressure will show and close once arrived.. Those are often the dotted trendlines on my charts.. I hope it answers

Thanks understood
PaRaM
I call it a day. Earned some and lost less than that, slightly positive a balance.
As of now, I do not expect miracles happening on the PA side for the rest of the day as it is Thanksgiving in the US today.
Have a great rest of the day and trade safe!
Let's have a quick look at price on EURUSD, before I leave for the weekend.

It's a consolidation price move as I expect. So, no major ups or downs, other than sideway actions. I did not add new longs since price did not fall low enough for that to happen. I'll add when it falls to my 161% Fib, and preferably down to the 200% Fib. Market expectation for a slower hike by Fed in Dec is going to continue to put USD under pressure for a while, at least until that sentiment gets overridden by some better than expected US economic data.

I'm not going to speculate any further than saying, ECB going for 75 bps in Dec '22 with the Fed trimming it down to 50 bps. Other than that, have a nice Thanksgiving if you're in the US, and happy early weekend for everyone else.
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