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EURUSD

  • #1,195,421
  • Jun 7, 2021 12:21am Jun 7, 2021 12:21am
Quoting Js3mwtRc
{quote} A person who read your coment thinks that who wrote it doesn't like EU to go up, unless you want to scare the bears
right now bears are in control on 3 out of 8 time frames

2193 is immediate resistance on daily
Attached Image
  • #1,195,422
  • Jun 7, 2021 12:40am Jun 7, 2021 12:40am
Quoting PatienceFx
{quote} right now bears are in control on 3 out of 8 time frames 2193 is immediate resistance on daily {image}
Probably it will stay in a range until Thursdays ECB.
Looking for profitable short term trades ...|
  • #1,195,423
  • Jun 7, 2021 12:43am Jun 7, 2021 12:43am
Quoting Js3mwtRc
{quote} Probably it will stay in a range until Thursdays ECB.
2193 is 14 sma on daily chart, so if german factory orders news gets us there, i may quit longs

otherwise my stops at 2150 will do the job
Attached Image
  • #1,195,424
  • Jun 7, 2021 1:06am Jun 7, 2021 1:06am
all buy orders closed
  • #1,195,425
  • Jun 7, 2021 1:55am Jun 7, 2021 1:55am
Didn't start well for EU https://www.financialjuice.com/News/...evious-30.aspx

Maybe this later can help it advance > Eurozone Sentix Investor Confidence Index
Looking for profitable short term trades ...|
  • #1,195,426
  • Jun 7, 2021 2:07am Jun 7, 2021 2:07am
nearest support 2040
Attached Image
  • #1,195,427
  • Jun 7, 2021 2:21am Jun 7, 2021 2:21am
Attached Image (click to enlarge)
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This is my situation and SL [almost BE] . Not confident for either longs or shorts .

  • #1,195,428
  • Edited 3:56am Jun 7, 2021 3:35am | Edited 3:56am
Quoting Js3mwtRc
Didn't start well for EU https://www.financialjuice.com/News/...evious-30.aspx Maybe this later can help it advance > Eurozone Sentix Investor Confidence Index
Actual 28.1 forecast 25.4 previous 21.0

Quoting Js3mwtRc
{quote} Actual 28.1 forecast 25.4 previous 21.0
The news came out after it bounced from a good confluence level

EURUSD 30min. chart


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4 hours scenario

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Looking for profitable short term trades ...|
  • #1,195,429
  • Jun 7, 2021 4:27am Jun 7, 2021 4:27am
Looking like a classic Wyckoffian reaccumulation on the 15M that's currently struggling to "jump across the creek".

If successful, I see a potential target of 2227 today based on a fib extension.
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  • #1,195,430
  • Jun 7, 2021 5:17am Jun 7, 2021 5:17am
It wants to drop.
Question is how many buyers it needs and how many short seller stops it needs to hit first.
  • #1,195,431
  • Jun 7, 2021 6:25am Jun 7, 2021 6:25am
Majority of retail selling. So EURUSD will go up again.

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

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

https://www.dailyfx.com/sentiment
  • #1,195,432
  • Jun 7, 2021 6:40am Jun 7, 2021 6:40am
Retail is 5% of the forex market...I am sure the big boys are targetting the $100 retail accounts...
Everyone can see the chart, but only a few can actually read it.
  • #1,195,433
  • Jun 7, 2021 6:54am Jun 7, 2021 6:54am
Quoting OnlineAddict
Retail is 5% of the forex market...I am sure the big boys are targetting the $100 retail accounts...
It is a good indicator tool, just like you are. Whatever they do or you, we do the opposite and win most of the time.
  • #1,195,434
  • Jun 7, 2021 7:11am Jun 7, 2021 7:11am
Attached Image (click to enlarge)
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My SL at 71 was hit as expected........ I am NOT convinced about the bullish potential [ just immediately I mean...]

Shorted again as shown....SL at 77.1 and went long $JY with 109.15 SL

  • #1,195,435
  • Jun 7, 2021 7:56am Jun 7, 2021 7:56am
Quoting OnlineAddict
Retail is 5% of the forex market...I am sure the big boys are targetting the $100 retail accounts...
You are right, but you are wrong. Like you said big boys don't target retails. The problem is retails always find a way to get in the wrong side of the trade. If something is going up, they sell it because they think it's "overbought" and if something is going down they buy it because they think it's "oversold" which is one of the reasons why they always lose. "Buy low and sell high" doesn't always work. We should rather think "if it's moving up, it's probably because it's cheap."

I am long on EU & GU cause i see that dollar is depreciating. That's my outlook as a trader. BUT, i am buying some dollars from my local bank while it's cheap, as an investment. Because i know that FED is going to hike rates in 2022 and dollar will appreciate. So i think the problem is, retails confuse investing and trading. That's what makes looking at sentiment useful.
You have to have an IQ higher than 90 to interact with this user.
  • #1,195,436
  • Jun 7, 2021 8:21am Jun 7, 2021 8:21am
By the looks of it the pair may climb back to 1.2200 but it remains quite undecided for now.
  • #1,195,437
  • Jun 7, 2021 9:21am Jun 7, 2021 9:21am
Quoting Nordling00
{quote} ...We should rather think "if it's moving up, it's probably because it's cheap."...
Excellent point! It's all about price.
Learn from your mistakes and march on.
  • #1,195,438
  • Jun 7, 2021 9:24am Jun 7, 2021 9:24am
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Stoped twice of my shorts.....Finally went long.....

  • #1,195,439
  • Jun 7, 2021 9:26am Jun 7, 2021 9:26am
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My longs in $JY dont look inspiring..... My SL at 109.15 will clear the scene.....

  • #1,195,440
  • Jun 7, 2021 10:11am Jun 7, 2021 10:11am
Quoting OnlineAddict
Retail is 5% of the forex market...I am sure the big boys are targetting the $100 retail accounts...
You clearly don't understand how sentiment works in trading.
Learn from your mistakes and march on.
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