Everyone can see the chart, but only a few can actually read it.
- Post #132,201
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- May 13, 2021 3:11pm May 13, 2021 3:11pm
- Joined May 2014 | Status: Veteran | 8,711 Posts
- Post #132,203
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- May 13, 2021 3:14pm May 13, 2021 3:14pm
{quote} I wait for the moment when FED will raise interest rate...the swap for short EURUSD will be again positive...
- Post #132,204
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- May 13, 2021 3:42pm May 13, 2021 3:42pm
- Joined Jun 2020 | Status: Member | 1,175 Posts
{quote} Taking my statement back. I start to believe, that the FED has to and will raise intertest rates. You can never be too sure about people wearing a rope around their neck aka tie.Peace and love to you all.
Another day, another dollar.
- Post #132,205
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- May 13, 2021 3:43pm May 13, 2021 3:43pm
- Joined Jun 2020 | Status: Member | 1,175 Posts
Another day, another dollar.
- Post #132,208
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- May 13, 2021 4:51pm May 13, 2021 4:51pm
- Joined Sep 2020 | Status: Member | 4,703 Posts
Hi - This is my first post. I have enjoyed following this thread and wanted to contribute. I swing trade. Based on my analysis on a Daily chart; price fell from an area of divergence between price and momentum down to an area of demand. Will look for price to fall further to provide a better risk reward. If 1.2000 area finds institutional support - could get a set up to go long and rejoin the uptrend. Day trading now could be dicey. Overall Trend is up attracting buyers, but current momentum is down attracting sellers; and price is currently at...
Warm welcome mate,
Very much appreciated your analysis, thank you. Definitely looking forward to your other posts.
Can‘t believe the played the whole range again! Unbelievable.
Now as I fall asleep like the price, I consider this last move up to be the third rise up the range and, more often than not, third or the fourth is the last. And every new break of 2075-81 is more important than the last. 2075-81 becoming support at this moment could give it the boost for a straight up to a first .21 test. Will surely see in asia.
I have to wait and see how 2070s do one last time, but probably my last longs marathon of the day (seting alarms though. Too important levels here).
Last move up was the cleanest of the three for me, and by far. Picked up a 1min countertrend at the very low, a 15m range trend, and three 3 momentum scalps that were sooooo smooth it actually got me worrying. Would be a miracle if they make it, but at the very end, they do.
Done for the day. Have a good one everyone ! Take good care
If I don't mention SL and TP = longer-term setup possibly in the works!
- Post #132,209
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- May 13, 2021 5:30pm May 13, 2021 5:30pm
- Joined May 2014 | Status: Full Time Trader | 20,313 Posts | Online Now
Okay finally end of week again.. For Friday here are my thoughts:
- If volume is absent: Price will bounce between 1.2100 and 1.2056..
- If volume is plenty: We could see a retest of 1.2100/15 area.. Could bulls break above or not isn't clear yet!
- I keep it simple: While price is roughly below 1.2100 bears have the upper hand BUT based on retail trader statistics there are still too many sellers.. Meaning: Smart money probably favors bulls for now and it looks like buyers are not giving up because of that..
- Long story short: In my thinking it is still better to buy dips until 1.2100 area is properly tested..
I hope it helps... I am calling it a day and hopefully continue after London opening.. Happy Asian sessions 
Be a seer, not a looker!
- Post #132,210
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- May 13, 2021 8:36pm May 13, 2021 8:36pm
- Joined Dec 2018 | Status: Trading For Living | 1,459 Posts
Okay finally end of week again.. For Friday here are my thoughts: If volume is absent: Price will bounce between 1.2100 and 1.2056.. If volume is plenty: We could see a retest of 1.2100/15 area.. Could bulls break above or not isn't clear yet! I keep it simple: While price is roughly below 1.2100 bears have the upper hand BUT based on retail trader statistics there are still too many sellers.. Meaning: Smart money probably favors bulls for now and it looks like buyers are not giving up because of that.. Long story short: In my thinking it is still...
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- Post #132,212
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- May 14, 2021 2:13am May 14, 2021 2:13am
- Joined May 2014 | Status: Full Time Trader | 20,313 Posts | Online Now
Once again we arrived at crucial levels where novice sellers can't help themselves to sell every tiny drop just to end up dragged into more and more draw down by smart money.. Don't be a victim!
Be a seer, not a looker!
- Post #132,213
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- May 14, 2021 2:25am May 14, 2021 2:25am
My observation may be wrong but intent correct. Stay calm!
- Post #132,214
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- May 14, 2021 2:39am May 14, 2021 2:39am
....watch out guys, friday flying day ))) ....yeeeeehaaaaa ))) 
- Post #132,216
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- May 14, 2021 2:45am May 14, 2021 2:45am
- Joined Jun 2020 | Status: Member | 1,175 Posts
Once again we arrived at crucial levels where novice sellers can't help themselves to sell every tiny drop just to end up dragged into more and more draw down by smart money.. Don't be a victim!
Because I accumulated some excess longs at 1.2060 and need to load off at some smart point, or I set a stop loss. Which point would you recommend for a stop-loss to let upside run? 1.2095?
Another day, another dollar.
- Post #132,217
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- May 14, 2021 3:47am May 14, 2021 3:47am
- Joined May 2014 | Status: Full Time Trader | 20,313 Posts | Online Now
Be a seer, not a looker!
- Post #132,220
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- May 14, 2021 5:20am May 14, 2021 5:20am
- Joined Jul 2009 | Status: Member | 345 Posts
