EURUSD

SL on shorts at 73 .... about to be hit

sorry if I misunderstood you, you didn't mean weight but volume? I haven t a look at volume (know thats important but I do not), prefere to trade correlated.

I asked about volume first, right!

Yet another dead session for Euro traders.
It going to have to go down, but it's fighting it.
Probably get a spike upwards and then drop.

Lemme guess...
if news = positive euro then spike up and then drop
if news = negative euro then just drop
either way, drop

OR, this is going to be a new market cycle right here and we continue on up.
Might be wise to put on a small buy trade here with a tight stop under the market to see how this plays out.
Might be even better to stand aside and see what happens.

Price is gaining a grip on the moving averages.
I cleared my sells out for a small loss this session, I think we're in for more upswing.

EURUSD could get to daily demand zone where I put blue rectangle. But looking at 4HR chart, it needs to break demand zone that has been visited already the gray rectangle in order to be confirmed to go further down. Macros and COT are adding long, but they may push the price further down to trap all the sellers and will push the price up. But will see.

Yes , it can go both ways.....I am risking 2 shorts with wide SL at 89 . It s risky...

I closed the long. I knew it was a bad idea in this market.

Maybe not.
Some heavy buying in that spike down...

wait for speech
and US-News

[quote=Isabella_D;13577330]wait for speech and US-News
Rate will stay the same

Given what's just transpired, I 'm guessing that whatever the result of the news is, EU jumps higher.

Long @1.2166 tried to get this in before the news popped but FF froze for some reason.
Here is the adjusted gold bracket I should have moved it from a up projection to a down projection when the market hit my level.
As you can see we have a trendline resistance with no close above just yet.
All my commentary will be with the new traders in mind.
I divided the Gold bracket into 1/4's
The market moves in a mathematical methodology and can be predicted very early if you think in the correct way.
Each currency pair has what I call it's own mathematical frequency. Actually, each pair has more than one, but I am only sharing one here; Let's call this one medium large.
All the small moves up and down are just orders being assimilated into the market and look like a fight between bulls and bears. It is irrelevant to me.
Only when the market breaks the highs and lows at specific points does it really matter.

Pretty huge stop hunt down there.
Only proves the buyers were right and the banks couldn't hack it.

Stoped shorts at 89 .....and now reversed to long at 3 spots . SL at 50

US Core Inflation came 0.4 more than expected, it was 0.7 last month. So USD is stronger than last month. Pound still has advantage over USD but Euro lost it's advantage. So i closed my EU long orders in a little profit.

Here's how they look like:

Banks *super* upset buyers entered after they already stopped them out.

2131 looks like a good target for shorts

[quote=Kabza27;13577341] Yes.
I am mostly hedged in the market, but have expectations of markets development, see my H4 charts since some days.
10 minutes before Red News (rate was not only today) I would not go in. Some people need the taste of honey, isnt it?

BIG mistake to have stops in this yo-yo....... Stoped at good loss Reentered long