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  • #137,501
  • Aug 6, 2021 5:07am Aug 6, 2021 5:07am
We have arrived...
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  • #137,502
  • Aug 6, 2021 5:12am Aug 6, 2021 5:12am
Quoting Ata-Turkoglu
Buying now is risky... That's what almost all retail orders are trying to do atm.. Beware! *IMHO, it is better to wait for strong and powerful dips towards 1.1790.. 1.1780 and maybe 1.1770..
Hi Ata, do you think that NFP will push EU below 1.1760 as that area is strong support and hard to break?
my thought is 3-4 weeks from today, US showing some significant raising covid-19 cases data and for 3 days since Monday, cases rise above 100000, so it should be affecting unemployment rate as it will rise to 6%.
but it's just my estimation, for now depend on markets decide.
  • #137,503
  • Aug 6, 2021 5:23am Aug 6, 2021 5:23am
Quoting hans91
{quote} Hi Ata, do you think that NFP will push EU below 1.1760 as that area is strong support and hard to break? my thought is 3-4 weeks from today, US showing some significant raising covid-19 cases data and for 3 days since Monday, cases rise above 100000, so it should be affecting unemployment rate as it will rise to 6%. but it's just my estimation, for now depend on markets decide.
Hi hans91, while you await Ata's response, here's my thoughts. NFP aside, if global covid-19 infections continue to rise, we may just see the opposite happening i.e. investors flocking to safe haven currencies. Over the last few weeks the Delta variant has proven to spread quickly, not just in the US, so anything is possible.

Regards
Guy
  • #137,504
  • Aug 6, 2021 5:34am Aug 6, 2021 5:34am
Well, this looks like a short intermezzo, and then attack on 1.1800. All in all, I imagine price dropping to 1.1730's or lower. Supported by relatively heavily prevailing buying sentiment among retail traders.
  • #137,505
  • Aug 6, 2021 5:47am Aug 6, 2021 5:47am
Quoting hans91
{quote} Hi Ata, do you think that NFP will push EU below 1.1760 as that area is strong support and hard to break? my thought is 3-4 weeks from today, US showing some significant raising covid-19 cases data and for 3 days since Monday, cases rise above 100000, so it should be affecting unemployment rate as it will rise to 6%. but it's just my estimation, for now depend on markets decide.
Based on my monthly chart I stated that 1.1750 is main support but that we still have room until 1.1655... However.. for today, I don't expect it to drop that strong.. My idea is to look for buy opportunities starting from 1.1790 until 1.1770 max... Of course during NFP we will know better where to enter.. This is only my pre-NFP mindset..

*My magic number is 1.1802
Focus only on what truly matters!
  • #137,506
  • Aug 6, 2021 5:52am Aug 6, 2021 5:52am
Quoting Guy1969
{quote} Hi hans91, while you await Ata's response, here's my thoughts. NFP aside, if global covid-19 infections continue to rise, we may just see the opposite happening i.e. investors flocking to safe haven currencies. Over the last few weeks the Delta variant has proven to spread quickly, not just in the US, so anything is possible. Regards Guy
Thanks for your response..
  • #137,507
  • Aug 6, 2021 5:57am Aug 6, 2021 5:57am
Quoting Ata-Turkoglu
{quote} Based on my monthly chart I stated that 1.1750 is main support but that we still have room until 1.1655... However.. for today, I don't expect it to drop that strong.. My idea is to look for buy opportunities starting from 1.1790 until 1.1770 max... Of course during NFP we will know better where to enter.. This is only my pre-NFP mindset..
Thanks for your reply Ata..Now market will decide..
Good luck to us..
  • #137,508
  • Aug 6, 2021 7:06am Aug 6, 2021 7:06am
Bulls are getting ready. 1.1793 - 1.1783 - 1.1803.
  • #137,509
  • Aug 6, 2021 7:31am Aug 6, 2021 7:31am
It's time for strong dips as anticipated... patience before any buy attempt..
Focus only on what truly matters!
  • #137,510
  • Aug 6, 2021 7:36am Aug 6, 2021 7:36am
Attached Image
All good

"Overall a strong report across the board. Unemployment rate lower, underemployment rate lower. Nonfarm payroll beats and revisions good. Average hourly earnings higher. "

from :
https://www.forexlive.com/news/!/jul...imate-20210806

usd index struggles with 92.50

Attached Image
Trends have a higher probability of continuing than not.
  • #137,511
  • Aug 6, 2021 7:37am Aug 6, 2021 7:37am
Quoting mtako
And my last entry for my 4H pullback long ! Bought 18268. Happy Friday all ! {image}

Got off my news hedging level, return to 1798 ! looking really good !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,512
  • Aug 6, 2021 7:40am Aug 6, 2021 7:40am
Just added to my LT longs 1795!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,513
  • Aug 6, 2021 7:42am Aug 6, 2021 7:42am
Quoting Ata-Turkoglu
{quote} Based on my monthly chart I stated that 1.1750 is main support but that we still have room until 1.1655... However.. for today, I don't expect it to drop that strong.. My idea is to look for buy opportunities starting from 1.1790 until 1.1770 max... Of course during NFP we will know better where to enter.. This is only my pre-NFP mindset.. *My magic number is 1.1802
I'm curious...what made you think that it might not drop so strongly today? You may well be right, time will tell...I'm just trying to understand the reasoning here). Thanks!
  • #137,514
  • Aug 6, 2021 7:45am Aug 6, 2021 7:45am
Quoting Robinhood1
{image}
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Now we are in an uptrend swing to aprox 11940
POSTMASTER
  • #137,515
  • Aug 6, 2021 7:49am Aug 6, 2021 7:49am
Quoting crackmyback
{quote} I'm curious...what made you think that it might not drop so strongly today? You may well be right, time will tell...I'm just trying to understand the reasoning here). Thanks!
My thinking process is not complicated.. I simply rely on this blue line on monthly.. there are several supportive zones layered up that gives me the confidence that we will not visit too deep areas.. ı think monthly bull trend is shifting from steeply bullish to mildly bullish since previous angle is slowly losing its steepness.. Time will tell..
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Focus only on what truly matters!
  • #137,516
  • Aug 6, 2021 7:51am Aug 6, 2021 7:51am
My view fot next days, H4

Inputs: S1 long to R1, R1 short to S1, if S1 broken - short to S2, S2 long to S1
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Trendlines H1,H4, SMC
  • #137,517
  • Aug 6, 2021 7:53am Aug 6, 2021 7:53am
Quoting Ata-Turkoglu
{quote} My thinking process is not complicated.. I simply rely on this blue line on monthly.. there are several supportive zones layered up that gives me the confidence that we will not visit too deep areas.. ı think monthly bull trend is shifting from steeply bullish to mildly bullish since previous angle is slowly losing its steepness.. Time will tell.. {image}
Cool. Thanks!
  • #137,518
  • Aug 6, 2021 7:55am Aug 6, 2021 7:55am
Morning Afternoon evening midnight where you are.

My system bailed out of short via signal delay at the pause on h4 @ 1825 to close shorts only to see it dip 50 pips plus some.

System bought 1825 failed, again system keeps buying lowest price to offset orders above.

My system indicates were poised to go up 1833. Whatever happens there only stays in forex.

  • #137,519
  • Aug 6, 2021 8:03am Aug 6, 2021 8:03am
The bullish trend is still there, there are a lot of market gaps above that level that must be filled before dropping even more, specifically 20900 must be hit in mid/long-term. That drop from 22650 to 17600 was too aggressive and like I always like to say "The market, just like us, needs to breathe" and that every price must be negotiated at least twice.
A vision without action is merely a dream.
  • #137,520
  • Aug 6, 2021 8:05am Aug 6, 2021 8:05am
Bought again 1779 ! looking good over 1768 (where I would have to scale down)and bulls have it !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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