Patience, Emotion Control and Discipline.
- Post #161,841
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- Nov 25, 2022 9:56pm Nov 25, 2022 9:56pm
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
- Post #161,842
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- Nov 26, 2022 12:05am Nov 26, 2022 12:05am
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
Just my thinking for next week.
we are remain in a channel 0420 key resistance and if we break the upward channel it may provide room for further drop
daily another doji.4h looks like a double top forming but daily close above 200dsma is a bit alarming. Well at least better than closing above 0400.
if double top confirm then we should see 0100.
USDX seems like have found support
we are remain in a channel 0420 key resistance and if we break the upward channel it may provide room for further drop
daily another doji.4h looks like a double top forming but daily close above 200dsma is a bit alarming. Well at least better than closing above 0400.
if double top confirm then we should see 0100.
USDX seems like have found support
Patience, Emotion Control and Discipline.
- Post #161,843
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- Nov 26, 2022 6:04am Nov 26, 2022 6:04am
- Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,741 Posts
{quote} Haha i know! Nice catch mate!
https://think.ing.com/snaps/us-resil...-talk-tougher/ Interesting article, regarding a potential fading of FED dovishness. Happy weekend!
Wednesday EU CPI & Fed Chair Powell Speech, Thursday US Core PCE Price Index & Friday NFP.
Feels right this time!
- Post #161,844
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- Nov 26, 2022 6:26am Nov 26, 2022 6:26am
- Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,741 Posts
The chart closed the week above 1.0369 but below 1.0481 so still the price is in a consolidation mode.
I filtered out from the economic calendar these news for the next week: Wednesday EU CPI & Fed Chair Powell Speech, Thursday US Core PCE Price Index & Friday NFP. Many others news will be out and the volatility I expect EURUSD to travel at least is 148 pips.
The price may close above or below a level but if it closses back inside then it is considered a fake close and we should watch the developements because in this case EU may stay in this trading range for more - weekly chart.
At the hourly chart EU should stay above at least 50% fibo level so the bulls can fade any drop at or below or rise above 1.0449 for a test of 1.0481.
Have a great rest of the weekend!
I filtered out from the economic calendar these news for the next week: Wednesday EU CPI & Fed Chair Powell Speech, Thursday US Core PCE Price Index & Friday NFP. Many others news will be out and the volatility I expect EURUSD to travel at least is 148 pips.
The price may close above or below a level but if it closses back inside then it is considered a fake close and we should watch the developements because in this case EU may stay in this trading range for more - weekly chart.
At the hourly chart EU should stay above at least 50% fibo level so the bulls can fade any drop at or below or rise above 1.0449 for a test of 1.0481.
Have a great rest of the weekend!
Feels right this time!
- Post #161,846
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- Nov 27, 2022 1:27pm Nov 27, 2022 1:27pm
- | Joined Feb 2019 | Status: Member | 1,292 Posts
index weekly tf
- Post #161,847
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- Edited 5:48pm Nov 27, 2022 5:38pm | Edited 5:48pm
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
Patience, Emotion Control and Discipline.
- Post #161,848
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- Nov 27, 2022 6:12pm Nov 27, 2022 6:12pm
- Joined Sep 2020 | Status: Member | 4,653 Posts
Happy new trading week everyone !!!
still digesting the 10th of November buffet 
. Follow above quote also brings you to my longer-term view, if interested which, for the most, still has not changed (>3H).
I also have a small update for the intraday duck/beak/triangle chart during my last passage:
"Intraday bird beak traders" shorted this and did quite well! Alas, looks like a friendly fish (follow quote above for the fish!) transformed itself into a deep water shark ! And now that it is caught, let's make sure we bulls stay above the kissing bird's beak, or else
, ranging magnet will pull the shark back in the water and perhaps, forever 
Wishing the very best, warm, loving, fun trading week to all of you !
Oh, and saved the best for last : wishing to all success (no matter the results, if I followed my rules, that is successs, as the forest matters infinitely more than the tree!),
!
P.S adding to my longs IF >0383. Buy Stop 0383 0393 0403 0430 0450
... Traders are still digesting the first unequivocal +400 counter trend week we've had in this year and a half long downtrend : last week's body is not even 1/10th of the previous week ...
. Follow above quote also brings you to my longer-term view, if interested which, for the most, still has not changed (>3H).I also have a small update for the intraday duck/beak/triangle chart during my last passage:
...P.S If price opens and closes above the duck's beak, who will buy that candle's high's break with me? And what if that happens below the beak? Exciting triangle trading! {image} {image}
! Alas, looks like a friendly fish (follow quote above for the fish!) transformed itself into a deep water shark ! And now that it is caught, let's make sure we bulls stay above the kissing bird's beak, or else, ranging magnet will pull the shark back in the water and perhaps, forever Wishing the very best, warm, loving, fun trading week to all of you !Oh, and saved the best for last : wishing to all success (no matter the results, if I followed my rules, that is successs, as the forest matters infinitely more than the tree!),
!P.S adding to my longs IF >0383. Buy Stop 0383 0393 0403 0430 0450
If I don't mention SL and TP = longer-term setup possibly in the works!
- Post #161,849
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- Nov 27, 2022 8:46pm Nov 27, 2022 8:46pm
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
Patience, Emotion Control and Discipline.
- Post #161,850
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- Nov 27, 2022 9:23pm Nov 27, 2022 9:23pm
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
Patience, Emotion Control and Discipline.
- Post #161,851
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- Nov 27, 2022 11:13pm Nov 27, 2022 11:13pm
- | Joined Oct 2022 | Status: Member | 23 Posts
- Post #161,852
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- Edited 1:17am Nov 28, 2022 12:59am | Edited 1:17am
- Joined Mar 2008 | Status: Name real with real own way | 18,479 Posts
Not understand?never follow my analyses!
- Post #161,853
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- Nov 28, 2022 2:22am Nov 28, 2022 2:22am
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
Patience, Emotion Control and Discipline.
- Post #161,855
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- Nov 28, 2022 2:47am Nov 28, 2022 2:47am
- Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,741 Posts
Good day and week! EURUSD failed after the opening but found some support at the low of the wedge and above 50% fibo and now looks like it wants to move further up at the upper side. Vol is 67 pips.
Feels right this time!
- Post #161,856
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- Nov 28, 2022 2:55am Nov 28, 2022 2:55am
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
Patience, Emotion Control and Discipline.
- Post #161,857
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- Nov 28, 2022 2:57am Nov 28, 2022 2:57am
- Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,741 Posts
Feels right this time!
- Post #161,858
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- Nov 28, 2022 3:00am Nov 28, 2022 3:00am
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
Patience, Emotion Control and Discipline.
- Post #161,859
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- Nov 28, 2022 3:00am Nov 28, 2022 3:00am
- Joined Jun 2016 | Status: "Through Playing Down Graphs" | 5,741 Posts
{quote} Trying another short here 0383
Feels right this time!
- Post #161,860
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- Nov 28, 2022 3:02am Nov 28, 2022 3:02am
- | Joined Apr 2011 | Status: Liverpool's KOP | 3,827 Posts
Patience, Emotion Control and Discipline.