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  • #136,921
  • Jul 28, 2021 5:56am Jul 28, 2021 5:56am
It sucks in more and more buyers who think this is the bottom of the dip..
Focus only on what truly matters!
  • #136,922
  • Jul 28, 2021 6:00am Jul 28, 2021 6:00am
Quoting Ata-Turkoglu
It sucks in more and more buyers who think this is the bottom of the dip..
Not a bad place to buy though imo. Failed to break 1.18 again (for now).
A wise man changes his mind, a fool never will
  • #136,923
  • Jul 28, 2021 6:01am Jul 28, 2021 6:01am
Quoting MrGuy
{quote} Not a bad place to buy though imo. Failed to break 1.18 again (for now).
I have to pass.. H1 is telling me to stay away from going long.. Maybe later if I see bullish signs! Don't forget: 1.1818 and 1.1831 are the levels that matters most for bulls! Right now we are below both of them.. Meaning: bulls might have already lost the game, but they don't know it yet..
Focus only on what truly matters!
  • #136,924
  • Jul 28, 2021 6:05am Jul 28, 2021 6:05am
Quoting Ata-Turkoglu
It sucks in more and more buyers who think this is the bottom of the dip..
Exactly. I can imagine bears sitting around the campfire, just laughing at those poor retail calves boarding on the long boat, drinking beer and singing chants very loud.
  • #136,925
  • Jul 28, 2021 6:05am Jul 28, 2021 6:05am
Quoting Ata-Turkoglu
{quote} I have to pass.. H1 is telling me to stay away from going long.. Maybe later if I see bullish signs! Don't forget: 1.1818 and 1.1831 are the levels that matters most for bulls! Right now we are below both of them.. Meaning: bulls might have already lost the game, but they don't know it yet..
Agreed. I do wonder however, whether this is gearing up for a more poop and scoop PA as opposed to pump n' dump.
A wise man changes his mind, a fool never will
  • #136,926
  • Jul 28, 2021 6:10am Jul 28, 2021 6:10am
Quoting MrGuy
{quote} Agreed. I do wonder however, whether this is gearing up for a more poop and scoop PA as opposed to pump n' dump.
I expect more choppiness.. Just make sure not to end up in some ER by the end of day..
Focus only on what truly matters!
  • #136,927
  • Jul 28, 2021 6:15am Jul 28, 2021 6:15am
Quoting Ata-Turkoglu
{quote} I expect more choppiness.. Just make sure not to end up in some ER by the end of day..
hahah I'll do my best, however I am counting on considerable hair loss...
A wise man changes his mind, a fool never will
  • #136,928
  • Jul 28, 2021 6:25am Jul 28, 2021 6:25am
Quoting MrGuy
{quote} hahah I'll do my best, however I am counting on considerable hair loss...
Oh then you are in good hands.. I know a friend who knows a friend who has a bald uncle who sells very effective snake oil.. But let's not get distracted by the word bald.. Rumor says that the snake oil really works.. I can sell you some.. since I am in sell mode for the rest of the day..
Focus only on what truly matters!
  • #136,929
  • Jul 28, 2021 6:40am Jul 28, 2021 6:40am
End of Wave 4 (Squirt-Vertigenta-Gold Divergence)
Attached Image (click to enlarge)
Click to Enlarge Name: EUR3010.png Size: 115 KB
  • #136,930
  • Jul 28, 2021 6:41am Jul 28, 2021 6:41am
H1 Status Update

  1. Bears have the upper hand here.. 1.1822 is still valid resistance and sell area..
  2. Waiting for US numbers... Zzzzzzz....
  3. Yes, channel looks like a bull flag BUT is it? Time will tell..

Attached Image (click to enlarge)
Click to Enlarge Name: H1_Status.png Size: 30 KB
Focus only on what truly matters!
  • #136,931
  • Jul 28, 2021 6:48am Jul 28, 2021 6:48am
Just put a sell limit at 1.1855 and tomorrow 1 hour after Frankfurt open it starts to plummet to 1.1755 because it is thursday close to month end.
100 pips

and if not filled, odds to win are better than in the casino.
Trends have a higher probability of continuing than not.
  • #136,932
  • Jul 28, 2021 7:27am Jul 28, 2021 7:27am
Quoting eurusd-thijs
Just put a sell limit at 1.1855 and tomorrow 1 hour after Frankfurt open it starts to plummet to 1.1755 because it is thursday close to month end. 100 pips and if not filled, odds to win are better than in the casino.
Hmmm, okay. Sounds like a plan to say the least. Good luck with that!
  • #136,933
  • Jul 28, 2021 7:30am Jul 28, 2021 7:30am
Quoting yvestrcz
{quote} Exactly. I can imagine bears sitting around the campfire, just laughing at those poor retail calves boarding on the long boat, drinking beer and singing chants very loud.
First bearish torpedoes released as the boat has set out and getting in deeper waters.
  • #136,934
  • Jul 28, 2021 7:51am Jul 28, 2021 7:51am
Quoting yvestrcz
{quote} First bearish torpedoes released as the boat has set out and getting in deeper waters.
We are back at most supportive levels where bears have to work much harder than they did until now.. Let's see..
Focus only on what truly matters!
  • #136,935
  • Jul 28, 2021 7:59am Jul 28, 2021 7:59am
Got in a sell a little too early yesterday, tried to hold the drawdown, decided to close with a loss...only for it to come back and hit my TP this morning. Ugh, the painnnnnn haha! On the sidelines at the moment to see how this support level will hold.
  • #136,936
  • Jul 28, 2021 8:15am Jul 28, 2021 8:15am
I've been reading chatter elsewhere and it's interesting....

Think about this; at the FOMC there will be no change in rates - that's a given. The crux of the situation is this: WHEN will the FED begin to taper off the bond purchases? Less FED buying bonds = less sales which means rates will have to increase in order to entice buyers.

Everyone expects the FED to say we will talk about tapering in September when we go to jackson Hole WY. This is the expected meaning party on...

However, people have said WHY? Is the economy THAT bad that the FED can't stop supporting it? Silly I know but it's out there....

Now what happens if the FED says, we are monitoring inflation and will give our plan in September - that would shock markets and dollar pop.

Just saying...
...because you never know - until you do!
  • #136,937
  • Jul 28, 2021 8:21am Jul 28, 2021 8:21am
Quoting MrGuy
{quote} Not a bad place to buy though imo. Failed to break 1.18 again (for now).
Curious.....will you dare to follow that advice now? It could work.. But I personally will pass.. Closing my sell order and I prefer to wait on side lines now..
Focus only on what truly matters!
  • #136,938
  • Jul 28, 2021 8:23am Jul 28, 2021 8:23am
Quoting MrsStarr86
Got in a sell a little too early yesterday, tried to hold the drawdown, decided to close with a loss...only for it to come back and hit my TP this morning. Ugh, the painnnnnn haha! On the sidelines at the moment to see how this support level will hold.
Where had you opened that sell precisely if I may ask?
Focus only on what truly matters!
  • #136,939
  • Jul 28, 2021 8:37am Jul 28, 2021 8:37am
Quoting Ata-Turkoglu
{quote} Where had you opened that sell precisely if I may ask?
Right at about 1812...I planned for it to possibly go as high as 18306, but when it shot past it and went up to 1840s, I closed thinking the bulls had finally showed up to party
  • #136,940
  • Jul 28, 2021 8:42am Jul 28, 2021 8:42am
Hmm, 1.17925 is the bears' pain in the buttocks for now. I am starting to get the impression bulls are up and running, in control of this orchestra... but time will tell.
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