- #1,189,741
- Jan 22, 2021 11:13am Jan 22, 2021 11:13am
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
- #1,189,743
- Jan 22, 2021 12:06pm Jan 22, 2021 12:06pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #1,189,744
- Jan 22, 2021 12:56pm Jan 22, 2021 12:56pm
- Joined Aug 2016 | Status: Trader | 10,379 Posts
E. 5' Notice how the picture evolves into something different..... I changed 3 lines to dashed and replaced them with solid lines . Both scenarios are possible . PA will show us till the cls I suppose.
- #1,189,746
- Jan 22, 2021 5:26pm Jan 22, 2021 5:26pm
- | Joined Nov 2019 | Status: Trader | 2,763 Posts
USD lacks confidence. It is more likely to continue losing value. The printing of new dollars is not helping matters but only increasing debt to be repaid by higher taxes, which will ultimately cause consumers to buy less due to having less buying power. Not good for the economy. And it doesn't help that U.S. leadership is considering a wealth tax and unrealized capital gains tax. Is it incompetence or something else? Whatever it...
Considering the only gov. spending you could be talking about is from the past 4 years...as the current administration/congress has yet to move on any policies with covid relief. You should be honest with yourself. Partisan BS. Check gov spending the past years from today....
But your currently crying about gov spending for the future 4 years and the USD decline started before election results here.Covid-19...a global pandemic....countless lives lost around the world and more to come....economic issues around the world...coordinated efforts by central banks around the world to combat the economic effects.....should be war time spending....think even previous administration said something of the sort....and your crying about gov spending for the upcoming 4 years that hasn't occurred yet...with nothing to say about gov spending in the past years that has concurred....things that make you hmmmmm
Other than idiots refusing to wear mask or those thinking its a hoax...i think the world handled and is handling the global pandemic kinda okay....could be better but its a tough situation and one to learn from. Sad for all the lives lost.
Who worries about the water bill when there home is being burned down.
You should include GDP in your thoughts of the USD, money printing, and gov debt.
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- #1,189,747
- Jan 23, 2021 2:17am Jan 23, 2021 2:17am
- | Membership Revoked | Joined Jul 2019 | 94 Posts
Hi, does anyone have tried to trade this pair using London Breakout Strategy? Tips please 
Thnks
Thnks
- #1,189,748
- Jan 23, 2021 9:18pm Jan 23, 2021 9:18pm
- Joined Dec 2019 | Status: Trader | 5,597 Posts
Hi, does anyone have tried to trade this pair using London Breakout Strategy? Tips please
Learn from your mistakes and march on.
- #1,189,749
- Jan 24, 2021 10:50am Jan 24, 2021 10:50am
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
Hi, does anyone have tried to trade this pair using London Breakout Strategy? Tips please
- #1,189,750
- Jan 24, 2021 10:56am Jan 24, 2021 10:56am
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
- #1,189,752
- Jan 24, 2021 2:50pm Jan 24, 2021 2:50pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
You cannot fail if you never give up.
- #1,189,753
- Jan 24, 2021 3:02pm Jan 24, 2021 3:02pm
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
- #1,189,754
- Jan 24, 2021 3:40pm Jan 24, 2021 3:40pm
- Joined Aug 2016 | Status: Trader | 10,379 Posts
Hi , crew. A move below 1.21 53 will be a bearish signal for me. No rush. Patience.
- #1,189,755
- Jan 24, 2021 3:55pm Jan 24, 2021 3:55pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
I am more bullish EURUSD than bearish in the short term, but my medium-term technical bias is bearish. Here's why, from the technical perspective of a swing trader. The EURUSD price action on the daily time frame has broken out of the rising wedge (purple) seen on the weekly time frame. Presently, it is within a rising channel (magenta) and disposed positively in favour of bulls. The bullish print of last week Thursday restores the technical setup by the morning star pattern at the channel support trendline earlier in the week. The Friday print was a bullish continuation candlestick. Nevertheless, we should be wary of the wedge resistance trendline (purple) above it, which is a potential barrier. Should bulls maintain their influence in the early part of this week, we may see further positive move, perhaps to test the multi-year horizontal resistance around 1.23350/1.24260 (red). The 1.205270 area (sandybrown) is the immediate horizontal support on the daily time frame.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #1,189,756
- Jan 24, 2021 7:27pm Jan 24, 2021 7:27pm
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
Hi , crew. A move below 1.21 53 will be a bearish signal for me. No rush. Patience.
- #1,189,757
- Jan 24, 2021 7:29pm Jan 24, 2021 7:29pm
- Joined Jun 2013 | Status: enjoying life | 23,869 Posts
- #1,189,758
- Edited 9:27pm Jan 24, 2021 9:13pm | Edited 9:27pm
- Joined Dec 2020 | Status: Trader | 1,210 Posts
{quote} No, they are not outdated. The reports is late three days. It is available to the public every Friday. COT is for long term trading, not day trading. EURUSD remains bullish. Short term bullish? It has been bullish for the last 10 months. Definitely long term bullish and still bullish.
Because then it should bounce around 1.23-1.16 and consolidate within that range for a few months then head up to 1.25-1.30 during late summer of 2021. That's what you mean by long term bullish... Ahhh...
A swing trader here on FF bought EUR/USD at 1.231 the other week because he said it will continue up to 1.25+. And he said he will hold it.
Dummy...
Why not buy at the dip of 1.206 or next weekend at 1.196 or next month at 1.165? Or better yet, sell the top of 1.231 and ride it down first, then buy it back? Then, yeah, 1.25-1.30, 6-8 months from now... Yeah... Long term bullish...
Yeahhhh....
You cannot fail if you never give up.
- #1,189,759
- Jan 24, 2021 9:37pm Jan 24, 2021 9:37pm
{quote} Scalping hard to give a target.. 73-75-77 I exited at 73 and now just kept very low position open
- #1,189,760
- Jan 24, 2021 9:53pm Jan 24, 2021 9:53pm
- | Joined Nov 2019 | Status: Trader | 2,763 Posts
{quote} So, if EUR/USD drops to 1.195 by Friday, would you still call it long term bullish? Oh, I see... Because then it should bounce around 1.23-1.16 and consolidate within that range for a few months then head up to 1.25-1.30 during late summer of 2021. That's what you mean by long term bullish... Ahhh...
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