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  • #131,561
  • May 5, 2021 12:34pm May 5, 2021 12:34pm
Quoting Ata-Turkoglu
With such low volume nothing to scalp.. nothing to trade.. Feierabend! *While D1 and H4 candles open below 1.2032 bears have the upper hand!
haha - yes Feierabend indeed my friend

I suspect some sneaky bullish overnight action though, maybe after a new low first. Because while the wedge resistance is touched time after time again we keep rebounding with some distance from the wedge support so far, which does now sit in the low 80s.
Another day, another dollar.
  • #131,562
  • May 5, 2021 12:35pm May 5, 2021 12:35pm
Quoting Ata-Turkoglu
With such low volume nothing to scalp.. nothing to trade.. Feierabend! *While D1 and H4 candles open below 1.2032 bears have the upper hand!
Feierabend... klingt gut

Best
Chriss
  • #131,563
  • May 5, 2021 12:43pm May 5, 2021 12:43pm
Quoting Wavegarrick
{quote} Hi Guys, All I can say is patience and more patience. All looking good with all trades locked in. My weekly sup 1 at 1.19789 looking inviting and also the 38.2% fib retrace of the recent upswing at 1.19785. Have a great week, Cheers. {image}
I don't like to make you suspitious my friend but to many factors here are pointing up SUPPORT, FALLING WEDGE and ROUND NR... maybe not gona be huge upward move but can hurt you
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  • #131,564
  • May 5, 2021 12:55pm May 5, 2021 12:55pm
Quoting mizi123
{quote} I don't like to make you suspitious my friend but to many factors here are pointing up SUPPORT, FALLING WEDGE and ROUND NR... maybe not gona be huge upward move but can hurt you {image}
Hi Mizi,
Thanks for pointing this out Bud. As always I take note of your valuable analysis.
cheers
Leon
Trade to trade another day
  • #131,565
  • May 5, 2021 1:03pm May 5, 2021 1:03pm
Quoting nic9man
{quote} haha - yes Feierabend indeed my friend I suspect some sneaky bullish overnight action though, maybe after a new low first. Because while the wedge resistance is touched time after time again we keep rebounding with some distance from the wedge support so far, which does now sit in the low 80s.
Yeah.. but I had one last scalper long running.. Opened at 1.1996.. Risk is 10 pips only.. No TP.. I let it flow.. Cheers

Quoting chrissfx
{quote} Feierabend... klingt gut Best Chriss
Dank'schööön... gleichfalls..
Focus only on what truly matters!
  • #131,566
  • May 5, 2021 1:18pm May 5, 2021 1:18pm
Quoting Wavegarrick
All I can say is patience and more patience
Looks like the calm before the (NFP) storm
  • #131,567
  • May 5, 2021 2:17pm May 5, 2021 2:17pm
Holding my short since 1.214.. I'm a little conflicted, I expect us to go up long term but at the same time I expect this support to break based on how it's been reacting...

I think we'll have a bull move very soon, we're just accumulating/trapping early bulls now. Let's see what happens
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  • #131,568
  • May 5, 2021 2:20pm May 5, 2021 2:20pm
Taking a look at some fibo lines ("my" H1 trend channel), I could imagine an outbreak to the marked 161.8 (1.20401) or even 261.8 (1.20728) with the coming NFP news...
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  • #131,569
  • May 5, 2021 2:52pm May 5, 2021 2:52pm
Quoting jonasdao
Buy @1.2000 TP @1.2050 SL @1.1989
What a sweat and battle. Tomorrow we will see. Will put SL at BE as soon as price above 1.202 but then I will reconsider TP.
Good Day and Night to you all!
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #131,570
  • May 5, 2021 2:56pm May 5, 2021 2:56pm
Quoting ursinho4711
Taking a look at some fibo lines ("my" H1 trend channel), I could imagine an outbreak to the marked 161.8 (1.20401) or even 261.8 (1.20728) with the coming NFP news... {image}
If 1.207 then 1.209
When the trumpet sounds, you won't be able to hear the techno anymore.
  • #131,571
  • May 5, 2021 2:59pm May 5, 2021 2:59pm
Sneaky bull action just started, wedge resistance sits at 1.2009 now, but in 6 hours it will be at 1.2000, so holding the level would suffice for a wedge break to the upside. Let's see what Asia is up to.
Another day, another dollar.
  • #131,572
  • May 5, 2021 3:26pm May 5, 2021 3:26pm
Quoting jonasdao
{quote} If 1.207 then 1.209
Yes, according to yesterdays OHCL these would have been todays goals. So maybe tomorrow, Friday? Today does not count, just too slow...
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  • #131,573
  • May 5, 2021 4:05pm May 5, 2021 4:05pm
Daily S/R Levels for Thursday

New daily candle has just opened.. 1.2009 is fresh candidate to become a pain in the neck for bulls.. Bears have the upper hand but still must destroy 1.1991..

*Meanwhile I decided to take profit at 1.2004 of my latest scalper from 1.1996.. See you tomorrow after London..

Cheers
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Focus only on what truly matters!
  • #131,574
  • May 5, 2021 5:13pm May 5, 2021 5:13pm
Quoting tush1822
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!!
an update- as expected, Fed asserting the long way from our goals before tightening of the policies, the trading range for rest of the week is 1.20115 - 1.20780. I will prefer the long upon the breakout confirmation at 1.20115
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  • #131,575
  • May 5, 2021 11:46pm May 5, 2021 11:46pm
Closed my short been nursing the last 24 hours for +10 pips and entered long @ 1.20002 sl 1940 no target in mind yet. Maybe hold through Friday morning ideally if we gain some pips through through Thursday grow the lot size and get lucky with being on the right side of NFP. Haven’t traded one of those mornings for a very long time
--post hoc ergo propter hoc--
  • #131,576
  • May 6, 2021 12:38am May 6, 2021 12:38am
Break out long at LO:
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  • #131,577
  • May 6, 2021 1:55am May 6, 2021 1:55am
I am still keeping my little yesterday's calf from 1.1990, hoping it grows to a nice size bull by running to the North.
TP is @ 1.2025, however I will just wait and see where it can get, hoping for 1.2060...
  • #131,578
  • May 6, 2021 2:14am May 6, 2021 2:14am
Wedge broke north as expected, now I expect a retest of 60-70 region and if successful then of 1.2150 highs
Another day, another dollar.
  • #131,579
  • May 6, 2021 2:17am May 6, 2021 2:17am
Added to my long @ 2025 stop moved to 1990 -10 pips below entry
--post hoc ergo propter hoc--
  • #131,580
  • May 6, 2021 2:17am May 6, 2021 2:17am
Daily S/R Levels (Repost)

Here I am reminding you of certain important levels for today.. I enjoyed trading a long order from 1.2006 this morning and just took profit at 1.2027 since price was nearing my resistance level: 1.2032.. I will watch on side lines for a while to see if we will have a bounce down or break..

*If 1.2032/44 area keeps rejecting I might switch back to selling!

Happy trading day to all
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Focus only on what truly matters!
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