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  • #1,195,081
  • Jun 1, 2021 9:17am Jun 1, 2021 9:17am
Quoting NrSLionHeart
{quote} Logically it should fall but instead is going up.
Who knows?!!? I've seen low impact news affect price in a big way and medium impact news not even affect price.
  • #1,195,082
  • Jun 1, 2021 9:24am Jun 1, 2021 9:24am
Quoting sixconrads
{quote} Who knows?!!? I've seen low impact news affect price in a big way and medium impact news not even affect price.

First time in 5 years when I see this. They are not even pretending to go with the news. Move the price straight against the news...
  • #1,195,083
  • Jun 1, 2021 9:27am Jun 1, 2021 9:27am
Quoting NrSLionHeart
{quote} First time in 5 years when I see this. They are not even pretending to go with the news. Move the price straight against the news...
Against the news... Against sentiment... But with the trend so far.

Seems 1.22520 is the hurdle to get over!
  • #1,195,084
  • Jun 1, 2021 9:51am Jun 1, 2021 9:51am
Quoting NrSLionHeart
{quote} Logically it should fall but instead is going up. I am still short - not ballz to the wallz but short. If it runs the top again I will short again.
There was nothing indicating it should fall. To the contrary, there have been numerous bullish signals. Moreover, the USDX chart also confirmed more downside was to be expected for USD.

I am guessing you are primarily focussing on lower time frames than the 4HR. I suggest not doing that.
Learn from your mistakes and march on.
  • #1,195,085
  • Jun 1, 2021 9:53am Jun 1, 2021 9:53am
Quoting Nordling00
Been in long position for a while now. It was a great week. I will stay long and let it ride. 3951183
Yep, actually in 150 pips profit. I told you guys
You have to have an IQ higher than 90 to interact with this user.
  • #1,195,086
  • Jun 1, 2021 10:04am Jun 1, 2021 10:04am
Quoting here2there
{quote} There was nothing indicating it should fall. To the contrary, there have been numerous bullish signals. Moreover, the USDX chart also confirmed more downside was to be expected for USD. I am guessing you are primarily focussing on lower time frames than the 4HR. I suggest not doing that.

Like ISM at 61 does not matter and it did not even move the needle ... right ... How many times have you seen this? Not even a 2pip move in the news direction ...

And now it looks like it really really wants to hit 1.22600 - I mean WTF?

EDIT: I am flat - I do not touch this until I do not figure out what is happening!
  • #1,195,087
  • Jun 1, 2021 10:06am Jun 1, 2021 10:06am
Quoting NrSLionHeart
{quote} Like ISM at 61 does not matter and it did not even move the needle ... right ... How many times have you seen this? Not even a 2pip move in the news direction ... And now it looks like it really really wants to hit 1.22600 - I mean WTF?
Go to the Daily and Weekly chart and look at recent candles. Don't worry about the news. It's nothing but noise. Learn how to read the candles.
Learn from your mistakes and march on.
  • #1,195,088
  • Jun 1, 2021 10:09am Jun 1, 2021 10:09am
Quoting here2there
{quote} Go to the Daily and Weekly chart and look at recent candles. Don't worry about the news. It's nothing but noise. Learn how to read the candles.

Do not worry about the news - like the May NFP news... 100 pips move in 5 seconds ...
  • #1,195,089
  • Jun 1, 2021 10:09am Jun 1, 2021 10:09am
Quoting NrSLionHeart
{quote} Like ISM at 61 does not matter and it did not even move the needle ... right ... How many times have you seen this? Not even a 2pip move in the news direction ... And now it looks like it really really wants to hit 1.22600 - I mean WTF? EDIT: I am flat - I do not touch this until I do not figure out what is happening!
It's not about ISM. There are other fundamental factors that indicated Euro's advantage against USD before that. For like 2 months. This may change next week, depending on how fundamental numbers will come out but this week is bullish.
You have to have an IQ higher than 90 to interact with this user.
  • #1,195,090
  • Jun 1, 2021 10:13am Jun 1, 2021 10:13am
Quoting Nordling00
{quote} It's not about ISM. There are other fundamental factors that indicated Euro's advantage against USD before that. For like 2 months. This may change next week, depending on how fundamental numbers will come out but this week is bullish.

You and here2there are in for a rough ride in the next few days ... this is the absolute top for a long long time ...

I am flat BTW so no dog in this fight !!!
  • #1,195,091
  • Jun 1, 2021 10:28am Jun 1, 2021 10:28am
[email protected]
[email protected] (above today's high)
[email protected]
Attached Image (click to enlarge)
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  • #1,195,092
  • Jun 1, 2021 10:31am Jun 1, 2021 10:31am
Quoting NrSLionHeart
{quote} Do not worry about the news - like the May NFP news... 100 pips move in 5 seconds ...
Note: I deserve a follow for going through all the trouble to show you this. Most people on FF probably wouldn't do this for you.

Top Down Approach to Technical Analysis

EURUSD Weekly Chart
Attached Image (click to enlarge)
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EURUSD Daily Chart
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EURUSD 4HR Chart
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Sentiment (source)
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Learn from your mistakes and march on.
  • #1,195,093
  • Jun 1, 2021 10:33am Jun 1, 2021 10:33am
Quoting NrSLionHeart
{quote} You and here2there are in for a rough ride in the next few days ... this is the absolute top for a long long time ... I am flat BTW so no dog in this fight !!!
We will see mate, i may close my positions depending on the numbers that will come out next week. But i am totally bullish this week. I will update.
You have to have an IQ higher than 90 to interact with this user.
  • #1,195,094
  • Jun 1, 2021 10:37am Jun 1, 2021 10:37am
Quoting NrSLionHeart
{quote} You and here2there are in for a rough ride in the next few days ... this is the absolute top for a long long time ... I am flat BTW so no dog in this fight !!!
I can handle the ride.

But you clearly have a very poor attitude towards people in here who are trying to help you. You will continue to run against walls as long as you remain unteachable.
Learn from your mistakes and march on.
  • #1,195,095
  • Jun 1, 2021 10:40am Jun 1, 2021 10:40am
Attached Image (click to enlarge)
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DOW30 The red lines explain why I sold here now... SL on the recent top.

  • #1,195,096
  • Jun 1, 2021 10:42am Jun 1, 2021 10:42am
A good example of how resistance becomes support

Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #1,195,097
  • Jun 1, 2021 10:45am Jun 1, 2021 10:45am
Quoting here2there
{quote} Note: I deserve a follow for going through all the trouble to show you this. Most people on FF probably wouldn't do this for you. Top Down Approach to Technical Analysis EURUSD Weekly Chart {image} EURUSD Daily Chart {image} EURUSD 4HR Chart {image} Sentiment (source) {image}

All that you post in there is 110% correct. But that is THE PAST.

We are talking about the future. Yes, the trend was bullish. But all the good things end. And I have the FEELING that this is the end of the bullish trend. When the banks have to do overt violations of their own rules that it is clear that the thing is breaking down.

Also about the 70% of the people that are short - they have some stupid short positions that they keep in the books and when they get margin called they just top their account. Those positions will *never* get closed. I had a sell position from March 2020 I think from that big fall due to COVID. It was 600 (six hundred) pips underwater at some point and I was just keeping it for the funs ... The idea is that long/short proportion is misleading. How many of those positions are "trading" positions? Like in get in and get out a few times per day?
  • #1,195,098
  • Jun 1, 2021 10:47am Jun 1, 2021 10:47am
Quoting here2there
{quote} I can handle the ride. But you clearly have a very poor attitude towards people in here who are trying to help you. You will continue to run against walls as long as you remain unteachable.

Thanks ... I do appreciate!!! I honestly think that you actually believe what you wrote there and the whole demonstration that the trend is bullish. It is just that I disagree with you - meaning that 1.22600-1.22700 will be the top of this move. And after that a fall of at least 150 pips will come - and after that we will see.

I can handle both scenarios - yours and mine easily so chill!!!
  • #1,195,099
  • Jun 1, 2021 10:52am Jun 1, 2021 10:52am
Quoting NrSLionHeart
{quote} Thanks ... I do appreciate!!! I honestly think that you actually believe what you wrote there and the whole demonstration that the trend is bullish. It is just that I disagree with you - meaning that 1.22600-1.22700 will be the top of this move. And after that a fall of at least 150 pips will come - and after that we will see. I can handle both scenarios - yours and mine easily so chill!!!
You are ignoring the bigger picture. That is why you are losing.
Learn from your mistakes and march on.
  • #1,195,100
  • Jun 1, 2021 10:55am Jun 1, 2021 10:55am
I am done going out of my way to help people in here. You can thank NrSLionHeart for that!
Learn from your mistakes and march on.
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