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EURUSD

  • #1,194,021
  • May 11, 2021 6:28am May 11, 2021 6:28am
Quoting Techanalyst
Now the sellers are being baited in. Once they are in, this will go up more. Trade safe.
I CAN SEE THAT
do not follow me 99.9999999% of times, rest you can lol
  • #1,194,022
  • May 11, 2021 6:32am May 11, 2021 6:32am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 35 KB



https://www.myfxbook.com/community/outlook

https://fxssi.com/tools/current-ratio

https://www.dailyfx.com/sentiment
  • #1,194,023
  • May 11, 2021 6:36am May 11, 2021 6:36am
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DOW Hourly. So far so good......SL at BE now.

  • #1,194,024
  • May 11, 2021 6:38am May 11, 2021 6:38am
US Stocks Extend Slump as Tech Sell-Off Continues
Wall Street's sell-off resumed on Tuesday, with technology-related stocks leading the losses as concerns over inflation mounted. Investors fear that the Federal Reserve might alter its ultra loose monetary policy to curb a spike in prices as the economy reopens and activity rebounds firmly. Investors now await tomorrow's CPI report, which is expected to show inflation rate in April jumped to the highest level since September 2011; while economic data on Monday showed US inflation expectations surged to their highest in a decade. Elsewhere, energy shares were also among the worst performers as oil prices decline sharply. On the corporate front, Simon Property Group tumbled after the US mall operator said it does not expect a return to 2019 occupancy levels until next year or 2023; and L Brands fell 3% after the company said it plans to split itself into two publicly traded companies.
6 minutes ago
do not follow me 99.9999999% of times, rest you can lol
  • #1,194,025
  • May 11, 2021 6:40am May 11, 2021 6:40am
Not doing well here...........My longs were stoped now at 49........... Aside and watching suspisiously this thing.

I believe that today might be a crest day......

Attached Image (click to enlarge)
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  • #1,194,026
  • May 11, 2021 6:47am May 11, 2021 6:47am
Quoting Techanalyst
{image} https://www.myfxbook.com/community/outlook https://fxssi.com/tools/current-ratio https://www.dailyfx.com/sentiment
15 minutes to JOLTS n EU ....... lol
do not follow me 99.9999999% of times, rest you can lol
  • #1,194,027
  • May 11, 2021 6:49am May 11, 2021 6:49am
I won't be opening new longs before it breaks out above 1.2160.
  • #1,194,028
  • May 11, 2021 6:53am May 11, 2021 6:53am
Quoting james1254
I won't be opening new longs before it breaks out above 1.2160.
good idea
do not follow me 99.9999999% of times, rest you can lol
  • #1,194,029
  • May 11, 2021 7:02am May 11, 2021 7:02am
I closed my positions. I am not convinced this isn't a false breakout (bull trap).
Learn from your mistakes and march on.
  • #1,194,030
  • May 11, 2021 7:23am May 11, 2021 7:23am
Quoting james1254
I won't be opening new longs before it breaks out above 1.2160.
1.2172 at the moment.
  • #1,194,031
  • May 11, 2021 7:23am May 11, 2021 7:23am
Quoting here2there
I closed my positions. I am not convinced this isn't a false breakout (bull trap).
What do you mean?
  • #1,194,032
  • Edited 8:00am May 11, 2021 7:49am | Edited 8:00am
Quoting Techanalyst
{quote} What do you mean?
You don't know what a false breakout is?
Learn from your mistakes and march on.
  • #1,194,033
  • May 11, 2021 8:08am May 11, 2021 8:08am
Now down we go ...
  • #1,194,034
  • May 11, 2021 8:16am May 11, 2021 8:16am
Quoting here2there
{quote} You don't know what a false breakout is?
I was asking about your previous statement, what do you mean.. are you in buy position or not, not sure what do you mean?
  • #1,194,035
  • May 11, 2021 8:22am May 11, 2021 8:22am
Quoting Techanalyst
{quote} I was asking about your previous statement, what do you mean.. are you in buy position or not, not sure what do you mean?
I had several long positions open. I closed them because there appears to be uncertainty in the market.
Learn from your mistakes and march on.
  • #1,194,036
  • May 11, 2021 8:25am May 11, 2021 8:25am
Quoting NrSLionHeart
Now down we go ...
Don't count your chickens before they hatch. There is uncertainty in the market. It could go either way. But bulls clearly have the upperhand on fundamentals. I will wait to see if this is a false breakout before going long.
Learn from your mistakes and march on.
  • #1,194,037
  • May 11, 2021 8:27am May 11, 2021 8:27am
EUR is strong!

Attached Image


https://finviz.com/forex_performance.ashx
Looking for profitable short term trades ...|
  • #1,194,038
  • May 11, 2021 8:30am May 11, 2021 8:30am
Quoting here2there
{quote} I had several long positions open. I closed them because there appears to be uncertainty in the market.
Ok I see. I don't think there is any uncertainty in the market. This is just very small pullbacks to trick the traders to add more sell positions. Fundamentals, COT and technicals confirm that EURUSD is bullish. I will go with that and hold my longs.
  • #1,194,039
  • May 11, 2021 8:31am May 11, 2021 8:31am
Quoting here2there
{quote} Don't count your chickens before they hatch. There is uncertainty in the market. It could go either way. But bulls clearly have the upperhand on fundamentals. I will wait to see if this is a false breakout before going long.
I do not think that we will take the high we made a few hours ago.

And indeed looks like it wants to go higher ...
  • #1,194,040
  • May 11, 2021 8:53am May 11, 2021 8:53am
Quoting Techanalyst
{quote} Ok I see. I don't think there is any uncertainty in the market. This is just very small pullbacks to trick the traders to add more sell positions. Fundamentals, COT and technicals confirm that EURUSD is bullish. I will go with that and hold my longs.
I believe it will eventually make new highs.

Note: when I speak of uncertainty, I am referring to current price action. I am not convinced the time is right to go long. I am a very cautious trader.
Learn from your mistakes and march on.
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