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EURUSD

  • #1,176,681
  • Jul 30, 2020 5:29am Jul 30, 2020 5:29am
Quoting PatienceFx
Euro is busy trapping Bulls with love {image}
today and tomorrow are last days of this month. I believe we still will close above 1800 . If not, we will stay in range and not go anywhere lower than 1.1710 for this week. A bold statement but thats what I have
Trade what you see, take what the market gives you.
  • #1,176,682
  • Jul 30, 2020 5:38am Jul 30, 2020 5:38am
It is heading back to 1730, bears haven't got their chance for 1800 yet!
Looking for profitable short term trades ...|
  • #1,176,683
  • Jul 30, 2020 5:41am Jul 30, 2020 5:41am
Quoting VuLe
{quote} today and tomorrow are last days of this month. I believe we still will close above 1800 . If not, we will stay in range and not go anywhere lower than 1.1710 for this week. A bold statement but thats what I have
Today however USD can bring a favorable gdp data and bring EURUSD to 1.1640 levels with profit booking and bad Germany data

As expectation for GDP is already worst and just little favourable will send USD up
PaRaM
  • #1,176,684
  • Jul 30, 2020 5:56am Jul 30, 2020 5:56am
Quoting pgidia
{quote} Today however USD can bring a favorable gdp data and bring EURUSD to 1.1640 levels with profit booking and bad Germany data As expectation for GDP is already worst and just little favourable will send USD up
This forecast has around *65% chance to come out the same, but with the pandemic, the chances that it will surpass the forecast are big.

*I am not exact with the numbers, but you should understand what I mean.
Looking for profitable short term trades ...|
  • #1,176,685
  • Jul 30, 2020 6:02am Jul 30, 2020 6:02am
Quoting Js3mwtRc
{quote} This forecast has around *65% chance to come out the same, but with the pandemic, the chances that it will surpass the forecast are big. *I am not exact with the numbers, but you should understand what I mean.
Even if it come same as expectation it has already been taken into consideration.
Now it will be Sell the Fact by booking profit for the expectation of news
PaRaM
  • #1,176,686
  • Jul 30, 2020 6:04am Jul 30, 2020 6:04am
Today's H4 movement have been Lower Lows and Lower High classic formation for sell.

However I am not that expert would like some help if we can sell if H4 does not close above 1.1780
PaRaM
  • #1,176,687
  • Jul 30, 2020 6:25am Jul 30, 2020 6:25am
Eur/usd should push up on 1.1850 then pullback on 1.1800 the a run on 1.1900 and sharp pullback.
Founder of Sutherland Wave Principle
  • #1,176,688
  • Jul 30, 2020 6:27am Jul 30, 2020 6:27am
The data is not moving markets. The data is an idealized concept. The news release is history just a re telling of something that already happend. I feel sorry for people who spend hours pouring over news believing it's effecting the daily operation of markets. The people selling news feeds claiming it can help you in markets are taking the pish.
Founder of Sutherland Wave Principle
  • #1,176,689
  • Jul 30, 2020 6:27am Jul 30, 2020 6:27am
Quoting pgidia
{quote} Even if it come same as expectation it has already been taken into consideration. Now it will be Sell the Fact by booking profit for the expectation of news
I am not so sure, but the price will show us later.

Quoting suthmo
The data is not moving markets. The data is an idealized concept. The news release is history just a re telling of something that already happend. I feel sorry for people who spend hours pouring over news believing it's effecting the daily operation of markets. The people selling news feeds are laughing their ass off I'm sure.
I don't think we should spend many time reading the news too. 1 hour the weekend is enough to have an image of what to expect next in the week and 15 minutes the morning to remember what is happening so you can avoid any unwanted volatility, it is easy.
All the other information is in the calendar, automated!
Looking for profitable short term trades ...|
  • #1,176,690
  • Jul 30, 2020 6:40am Jul 30, 2020 6:40am
Added 4 x more lots short @ 1.1747, sl tighter at 1.1762
Que Sera
  • #1,176,691
  • Jul 30, 2020 6:44am Jul 30, 2020 6:44am
Quoting pgidia
{quote} Today however USD can bring a favorable gdp data and bring EURUSD to 1.1640 levels with profit booking and bad Germany data As expectation for GDP is already worst and just little favourable will send USD up
I use to trade every US GDP but it never runs... once every blue moon it spikes but no more than 30pips. Ill pass lol. Not sure about this 1.1610 yall talking anout. That means weekly candle will have to turn red into a tail.
Trade what you see, take what the market gives you.
  • #1,176,692
  • Jul 30, 2020 6:55am Jul 30, 2020 6:55am
Overall, USD is still very weak. We will likely see consolidation, which could last for days. I will be looking for buying opportunities on the 4HR for EURUSD until sentiment changes.
Learn from your mistakes and march on.
  • #1,176,693
  • Jul 30, 2020 7:23am Jul 30, 2020 7:23am
Quoting here2there
Overall, USD is still very weak. We will likely see consolidation, which could last for days. I will be looking for buying opportunities on the 4HR for EURUSD until sentiment changes.
after all the crazy run, you maybe right. This is where it becomes dry for me. Im going to try and scalp. Buy low and exit at resistant and sell high and exit at support. Would love to think 1.1805 will break or 1.1680 will break.

since I am in on the buy side. Looking to hold this and see if 1.1805 breaks. Will have tp set to around 1.1780 once it passes it... (if it ever goes back up)

sl is set to 1.1725 (just below today’s low) and will look to reload buy at 1.1710 if we really drop down. I been consistent with 2lots this week... went full 3.5lots yesterday on the dumb fomc and gave back my gains which was kind of annoying. Grinded about 50pips and all it took was 25pips to lose it all
Trade what you see, take what the market gives you.
  • #1,176,694
  • Jul 30, 2020 7:40am Jul 30, 2020 7:40am
I found this new on this forum:

U.S. second-quarter GDP plunged by a record 32.9%, vs 34.7% expected
From cnbc.com

US 32,9 vs EU 10,1 - two times above +

The things are bader for the US.
Looking for profitable short term trades ...|
  • #1,176,695
  • Jul 30, 2020 7:58am Jul 30, 2020 7:58am
Sometimes it's good to avoid the noise and signals u don't understand and think
I'm enjoying the wins because I was once terrified by loses
  • #1,176,696
  • Jul 30, 2020 8:01am Jul 30, 2020 8:01am
USD is weakening even more ? Or its just me on this opinion
  • #1,176,697
  • Jul 30, 2020 8:02am Jul 30, 2020 8:02am
Quoting VuLe
{quote} ohhh lol. My main buy is triggered. Got a .2lot at 1.1760 and a 1 lot at 1.1740
well boys... what do you know??
Trade what you see, take what the market gives you.
  • #1,176,698
  • Jul 30, 2020 8:19am Jul 30, 2020 8:19am
Quoting VuLe
{quote} well boys... what do you know??
You covered your yesterday loss of FOMC
PaRaM
  • #1,176,699
  • Jul 30, 2020 8:21am Jul 30, 2020 8:21am
Quoting pgidia
{quote} You covered your yesterday loss of FOMC

what loss? Im positive now xD... I was lending the market my money so that they can pay back in interest .
Trade what you see, take what the market gives you.
  • #1,176,700
  • Jul 30, 2020 8:24am Jul 30, 2020 8:24am
Eurusd remains bullish for long tern.
Usdjpy remains bearish long term.
Gbpnzd and gbpchf bullish.

You're welcome. Trade safe.
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