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  • #1,190,401
  • Feb 4, 2021 5:05pm Feb 4, 2021 5:05pm
Quoting Lamira
guys.... I forgot it is NFP Friday... and I loaded up longs... omg haha. time to pray lol
What about if NFP print good data?
We have this week with nice figures of decrease USA unemployment and good PMI, so it could be bear continuation.
  • #1,190,402
  • Feb 4, 2021 5:16pm Feb 4, 2021 5:16pm
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I suppose it is bottoming out......

  • #1,190,403
  • Feb 4, 2021 5:19pm Feb 4, 2021 5:19pm
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and $JY topping out....
  • #1,190,404
  • Feb 4, 2021 5:38pm Feb 4, 2021 5:38pm
Quoting hans91
{quote} What about if NFP print good data? We have this week with nice figures of decrease USA unemployment and good PMI, so it could be bear continuation.
sometimes us date good and DXY dropping. other times good data just enough to push it up a bit before it start dropping. nfp is chaos. lol. you dont know what it will do. it may even stay in one place how it was couple months ago. haha nfp is lil tornado to shake it up, but overall it changes nothing. just a day to stay out of trades for me. but not this time I guess
  • #1,190,405
  • Edited 8:45pm Feb 4, 2021 8:34pm | Edited 8:45pm
Quoting Thor3
{quote} Hey, 7154 Superman. Techanalyst called it yesterday that price would be going to 1.1966. I looked and the daily confirmed his analysis. I go one further and say that dxy will stall out just above 92. and 1.1920 could be the next point for the EUR. IMO Thanks Techanalyst great call. Made a few K in futures.
Maybe you didn't realize it, but I made the exact same call 1-2 weeks ago when price was hanging around 1.216-1.219. I called for a drop to 1.195-1.197 then retrace to 1.205 then sideways for a bit, after that more likely retest 1.234 top. That is when Techanalyst was saying trend is bullish to 1.25 because of COT reports. I called him out and said the 3 day old bullish COT reports were already outdated. I said it was just a mini-bull run. And it was already over. I said we're going to see the drop to 1.195-1.197 now. Well, he called me a nutjob and totally disrespected me. But look! Here we are!
Now, let's see if we will have this retrace to 1.205-1.208 within the next couple days after some consolidation first, of course...
My main problem so far has been my inability to trust my own gut and act upon it all the way because of the conflicting predictions of others and short term volatility, despite my gut being accurate practically every time.
(I'm not educated in technicals but have this weird ability to accurately call long term market moves ahead of time.)

But we'll see if this continues... If I'm wrong, I'm wrong...
Oh, well...
You cannot fail if you never give up.
  • #1,190,406
  • Feb 4, 2021 8:41pm Feb 4, 2021 8:41pm
My view is based on US 10 yr Treasury Yields rising the dollar will remain strong. I expect a decent or well adequate jobs number on Friday to further strengthen this trend in US dollar.

How low will the EUR go? Nice to see the Long ration in favor of the drop as well.

Maybe we stop at 1.15 or maybe its 1.10?
  • #1,190,407
  • Feb 4, 2021 11:31pm Feb 4, 2021 11:31pm
I believe that the pair will rally this morning until about 1.19840. Then it will hover there for a little while and when NFP comes there is a 55% that it will go further up.

Here is a small screencap for you to see the fall in perspective...
Attached Image (click to enlarge)
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  • #1,190,408
  • Feb 5, 2021 12:01am Feb 5, 2021 12:01am
Quoting NrSLionHeart
I believe that the pair will rally this morning until about 1.19840. Then it will hover there for a little while and when NFP comes there is a 55% that it will go further up. Here is a small screencap for you to see the fall in perspective... {image}
How can EUR go up ?
If the NFP data comes with a so much green report.
I don't see any sign of bulls yet
Rising and falling like waves in the ocean
  • #1,190,409
  • Feb 5, 2021 12:26am Feb 5, 2021 12:26am
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  • #1,190,410
  • Edited 12:49am Feb 5, 2021 12:39am | Edited 12:49am
Quoting PatienceFx
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: 5 feb position.jpg Size: 236 KB


First resistance upwards comes at 1.19660. Let's see how the price reacts to it!!!

Edit 2: closed the buy order, I will wait for London to open and place and order then. I think that we will have a very very small down correction and I think I may get a better entry point
  • #1,190,411
  • Feb 5, 2021 12:46am Feb 5, 2021 12:46am
Good morning. EU is bearish, support is at 1940/20, and 1900 and resistance at 1995/2000 and 2035/55.

NFP Friday, I wait for better numbers from the release, I think that US is far away from jobs growth according the prepandemic levels, but investors and the market will show whats next.

Have a great trading day ahead.
Looking for profitable short term trades ...|
  • #1,190,412
  • Feb 5, 2021 1:25am Feb 5, 2021 1:25am
Any one can guess the reason for the sudden active participation of this thread?
Any clue
  • #1,190,413
  • Feb 5, 2021 1:29am Feb 5, 2021 1:29am
Quoting Leesi
1958-64 accumulation seems happening.. Smart money watch retailers position always.. 1985 level almost 8 times price hit 1995 so almost a difference of 80 pips.. Any entry if get profit should book, else get screwed..
Those who booked will not regret
  • #1,190,414
  • Feb 5, 2021 1:33am Feb 5, 2021 1:33am
Quoting Leesi
Any one can guess the reason for the sudden active participation of this thread? Any clue

Nope!

Do you have any ideas?
  • #1,190,415
  • Feb 5, 2021 1:43am Feb 5, 2021 1:43am
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I still think THU. was a low day. I may be wrong....
  • #1,190,416
  • Feb 5, 2021 1:45am Feb 5, 2021 1:45am
Quoting NrSLionHeart
{quote} Nope! Do you have any ideas?
Yes......The Marines are coming....

Inserted Video
  • #1,190,417
  • Feb 5, 2021 1:46am Feb 5, 2021 1:46am
Quoting Leesi
Any one can guess the reason for the sudden active participation of this thread? Any clue
Day on day from yesterday morning, before 1.2000 breaks there where around 50.000 less money on EU pair buying it now there are more. Coincidence.

Also in the last month (options contract) 86,3% of call (buy) positions are out of money and puts (sells) have the upper hand with 51,3% in the money.

Although I see many sellers surviving following this corrective bearish Daily trend.

I am not the one who buy options, but they help me have a view of what is happening.
Looking for profitable short term trades ...|
  • #1,190,418
  • Feb 5, 2021 2:22am Feb 5, 2021 2:22am
Quoting Js3mwtRc
{quote} Day on day from yesterday morning, before 1.2000 breaks there where around 50.000 less money on EU pair buying it now there are more. Coincidence. Also in the last month (options contract) 86,3% of call (buy) positions are out of money and puts (sells) have the upper hand with 51,3% in the money. Although I see many sellers surviving following this corrective bearish Daily trend. I am not the one who buy options, but they help me have a view of what is happening.

So are you bullish or bearish?

After seeing this jump I am kinda bearish for the day...
  • #1,190,419
  • Feb 5, 2021 2:29am Feb 5, 2021 2:29am
Quoting NrSLionHeart
{quote} So are you bullish or bearish? After seeing this jump I am kinda bearish for the day...
Bearish, but this spike may extend further on the upper levels (1995/2000 first).

Basically NFP day, we may see more volatility like this too, but later in the US session.
Looking for profitable short term trades ...|
  • #1,190,420
  • Feb 5, 2021 2:33am Feb 5, 2021 2:33am
Quoting Js3mwtRc
{quote} Bearish, but this spike may extend further on the upper levels (1995/2000 first). Basically NFP day, we may see more volatility like this too, but later in the US session.

Yeap kinda the same.

I went long from 1.19600 to 1.19700 and then got out.

Somehow it feels wrong to go and buy at this level because it *may* fall, on the other hand everything on the chart screams bullish.

I guess I will be on the sidelines, I already made my profit for the day... maybe I feel some good entries
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