Hi All, be careful of the fluctuating trading decisions today. The mess is because of the comments from Yelen suggesting the interest rate hikes. As we have seen in the Trump era , its not necessary that what Govt want is essentially FOMC is thinking. FOMC will reiterate that they want to see consistent level of inflation and unemployment before they take any action on interest rate. The only questions for us is when this clarity will appear ? till then ping pong > consolidation of the major pairs and precious metals. Enjoy!!
- Post #131,504
- Quote
- Edited at 10:45pm May 5, 2021 4:17am | Edited at 10:45pm
- | Joined May 2014 | Status: Member | 443 Posts
Temperance (restraint in action, thought or feeling) is a virtue.
- Post #131,506
- Quote
- May 5, 2021 4:19am May 5, 2021 4:19am
- Joined May 2014 | Status: Full Time Trader | 17,463 Posts | Online Now
Be a seer, not a looker!
- Post #131,508
- Quote
- May 5, 2021 4:43am May 5, 2021 4:43am
- | Joined Dec 2018 | Status: Member | 250 Posts
- Post #131,509
- Quote
- May 5, 2021 4:57am May 5, 2021 4:57am
Coming back to see that 1.2024 area kept rejecting bulls.. and 1.2005 keeps rejecting bears.. Disgusting price action to be honest... Waiting for London..
, I think it will grow
- Post #131,511
- Quote
- May 5, 2021 5:09am May 5, 2021 5:09am
{quote} Same boat If next week manage to close below 1.200 would be good for bear {image} I hold my short because i see FF short position dropping from sixthees-59 to 55% The first time i short from 1.2111 it drop 50 pips and i see FF short position goes from 62-59 and back to 62% and EU went back up(note: that's not a signal, i'm just doing stupid thing)
Good start if daily close below. still expecting weekly though
Today could be limited to 1.196 with target 1.191 this week or early next week
Well obviously if it's not going to break up which currently still no sign of it's happening.
FF short position drop 1% so i still have confidence in this
Don't mind me.. i'm crazy
- Post #131,513
- Quote
- May 5, 2021 5:11am May 5, 2021 5:11am
- | Joined Feb 2021 | Status: Member | 103 Posts
Breaking the uptrend on the Euro/US dollar may lead to a deeper correction on the H4. The price is now holding at the level near the EMA200 and the correction is already reached 38.2%. I also want to notice the influence of this level earlier in March, where the double top formed. I have marked further influencing levels that were previously involved, and I will consider them as breakpoints if 1.19850 of the current low is passed.
Do not forget about a possible return to the bulls, where the nearest target is at 1.20750
Do not forget about a possible return to the bulls, where the nearest target is at 1.20750
- Post #131,514
- Quote
- May 5, 2021 5:20am May 5, 2021 5:20am
find a way to make money in your sleep or you work until you die
- Post #131,515
- Quote
- May 5, 2021 5:53am May 5, 2021 5:53am
- Joined Jul 2020 | Status: Member | 766 Posts
Trends have a higher probability of continuing than not.
- Post #131,516
- Quote
- May 5, 2021 5:54am May 5, 2021 5:54am
It looks like a selling climax
At the first bullish candle signal on H1, there is the opportunity for a long entry, targeting 1.2260 within 3 weeks
IMHO
SL in profit asap after area test, and hoping to get the target
- Post #131,517
- Quote
- May 5, 2021 6:28am May 5, 2021 6:28am
- Joined Dec 2018 | Status: Trading For Living | 1,382 Posts
Learn and learning
Fix Test with MM All Time Pips:
-52
- Post #131,518
- Quote
- May 5, 2021 6:34am May 5, 2021 6:34am
- Joined Jun 2018 | Status: Member | 1,191 Posts
- Post #131,519
- Quote
- May 5, 2021 6:56am May 5, 2021 6:56am
Jo mtako whatsup, are you in your strong sell setup or do you have buy stops above 1.2025 in place in order to trade a potential wedge breakout? 
Just wondering because the last orders you posted still seemed to have a buy bias, though your sell threshold was already reached.
Just wondering because the last orders you posted still seemed to have a buy bias, though your sell threshold was already reached.
- Post #131,520
- Quote
- May 5, 2021 7:22am May 5, 2021 7:22am
- | Joined Dec 2011 | Status: Member | 3,738 Posts
