EURUSD

It does look like it can't break out above 1.2160, indeed.

And this is why I closed my long positions on EURUSD. Remember this comment?

4HR Chart

1906.....long run...

We take the 1.20740 low and then UP UP UP

Now that the market makers have done their dirty work, it likely won't be long before they drive prices up again. But I will wait patiently for a bullish signal before proceeding to open a long position.

this is not todays final low

Bullish Divergence!

EURUSD 4HR Chart

EURUSD overall trend is up. Small pullbacks as usual. Good job on day traders sellers, whoever is day trading im sure made good money. For long term trader/investor like myself, I did not short. This is still a strong bullish trend, and will go up higher. Will be adding more long positions. Trade safe.

Whether you are a Long Term Trader, a Scalper, a Day Trader, or a Swing Trader, it is important to wait for the right signal before opening a position. Traders are generally impatient and afraid of missing out on opportunities. That's why the majority of them are not consistently profitable. As traders, we must overcome FEAR and GREED. Waiting may result in less trades, but less is more when you have a solid plan, the patience to stick to your rules and wait for the right opportunity to bring your plan to fruition, and the wisdom to know when to get out of a bad situation before making things worse.

CPI came well above forecasts. 4 hours chart bounced to the pip 2072 (look blue area).

This is literally what I am saying ...



There is a 5% chance to go below 1.20515 but I would not short 0.01 on that ...

Many people hear good advice but don't follow it. Ego gets in the way. Some people have to learn their lesson the hard way. Don't be a fool.

Not even close to 2.0% FED is targeting 2.5%! It is going up again.

US 10Y yield spike up .
market spooked .

EU drop .

Tech stocks are down.

Germany Government Bond 10Y -- Good, or bad?

2100 historic option level failed, but it was on CPI release. Now waiting for the dust and can play it.

Next: 2030-40 and 2050-55 zones.

Daily view we can see the price broke out from channel recently but failed to make a rally. It is retracing now and I would not be involved buying or selling atm. The level to watch is 1.2 for potential longs if we see a reaction to that level, it could very well break below that level and continue down to the 1.71 level....

A risky long in DOW now......

A risky short in E. now ....