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  • Post #141,801
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  • Nov 5, 2021 6:53am Nov 5, 2021 6:53am
  •  corongumet
  • Joined Dec 2018 | Status: Trading For Living | 1,457 Posts
If short continue, 1.14000 is possible. Looking latest month ATR.
Learn and learning
EA XAU Ticmill All Time Return: na
 
 
  • Post #141,802
  • Quote
  • Edited at 7:16am Nov 5, 2021 6:53am | Edited at 7:16am
  •  fxcontest
  • | Joined Jul 2011 | Status: Member | 207 Posts
Weekly Candle 2020 already broken, where is The Bull ?

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  • Post #141,803
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  • Nov 5, 2021 7:12am Nov 5, 2021 7:12am
  •  yvestrcz
  • Joined Mar 2020 | Status: Member | 791 Posts
1.1527 is an issue, however these vampire bears can at least pierce it properly deep, I believe.
 
 
  • Post #141,804
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  • Nov 5, 2021 7:17am Nov 5, 2021 7:17am
  •  fxcontest
  • | Joined Jul 2011 | Status: Member | 207 Posts
Quoting fxcontest
Disliked
Weekly Candle 2020 already broken, where is The Bull ? {image}
Ignored
Be Careful with Bull position.

IMO and DYOR
 
 
  • Post #141,805
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  • Nov 5, 2021 7:41am Nov 5, 2021 7:41am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2,955 Posts
Quoting Austyno
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For tomorrow which is non-farm, I think we will see 1.16830. Sounds crazy right, stay with me... Notice how price has been on daily, bull, bear, bull, bear, it's time for bulls tomorrow and we are still inside a verified support on daily, so I think bulls will give it their last push before they hand over to bears. Also, I could be wrong, market will decide.
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Hey guys it's time to get ready to run to 1.1650 and above....are you with me?
Attached Image
Long at 1.1540
 
4
  • Post #141,806
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  • Nov 5, 2021 8:09am Nov 5, 2021 8:09am
  •  SnaveForex
  • Joined Dec 2011 | Status: Member | 3,788 Posts
Quoting SnaveForex
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{quote} Hours later we have this with a little bounce off 1540 {image}
Ignored
Out of this swing short for 85 pips @ 1533 better safe than sorry.

NFP range now 1550 - 1520
Overshoot range 1566 - 1505
 
 
  • Post #141,807
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  • Nov 5, 2021 8:10am Nov 5, 2021 8:10am
  •  fafnir
  • | Joined Aug 2021 | Status: Member | 41 Posts
Quoting corongumet
Disliked
If short continue, 1.14000 is possible. Looking latest month ATR.
Ignored
And even 1,13 is possible as well. If you draw a fib from the bottom to the last high of the last bull run on the weekly, then the 61.8% fib is in that area. However things are looking a little extended to the downside. Latest net spec position in the USD as reported by the CFTC is getting extended, traders are very long dollars at the moment. Of course it can get more overextended as traders are buying into the fed hiking rates next summer. see:https://www.zerohedge.com/the-market-ear/moves
However all the traders are getting to one side of the boat and when that happens then the boat tends to flip over. We saw that last January where traders were very short dollar going into the year, hence EUR was at its high.

Now we are close to the 50% fib retracement of the last bull trend, itś around the 1,1490 area. If that is broken in a convincing way then 1,14 and 1,13 are coming and the dollar long exposure of traders gets very very extended.

I have a buy at 1,1490 area with a 50 pip stoploss. Lets see what today's numbers will give us.
 
 
  • Post #141,808
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  • Nov 5, 2021 8:15am Nov 5, 2021 8:15am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 17,944 Posts
This week we should start now to get our "end of day" price best guess.. (based on tradingview oanda servers)

My "end of day price" guess: 1.1566..
Be a seer, not a looker!
Ata's Trend Hunter All Time Return: 120.7%
 
4
  • Post #141,809
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  • Nov 5, 2021 8:19am Nov 5, 2021 8:19am
  •  MarvOli
  • | Joined Aug 2021 | Status: Member | 47 Posts
Quoting fxsport
Disliked
{quote} {image} {image}Hey guys it's time to get ready to run to 1.1650 and above....are you with me? {image}Long at 1.1540
Ignored
So you are expecting a big miss on NFP this morning? We would need a 200k NFP # to see 1.1650 right? I dont have that much experience, but that is a very unlikely scenario IMO.
 
 
  • Post #141,810
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  • Nov 5, 2021 8:22am Nov 5, 2021 8:22am
  •  MarvOli
  • | Joined Aug 2021 | Status: Member | 47 Posts
Quoting Ata-Turkoglu
Disliked
This week we should start now to get our "end of day" price best guess.. (based on tradingview oanda servers) My "end of day price" guess: 1.1566..
Ignored
EOD guess is 1.4938
 
 
  • Post #141,811
  • Quote
  • Nov 5, 2021 8:23am Nov 5, 2021 8:23am
  •  corongumet
  • Joined Dec 2018 | Status: Trading For Living | 1,457 Posts
Last time FOMC giving clue of NFP. I think positiv.
Learn and learning
EA XAU Ticmill All Time Return: na
 
 
  • Post #141,812
  • Quote
  • Nov 5, 2021 8:34am Nov 5, 2021 8:34am
  •  MrGuy
  • | Joined Jan 2021 | Status: Member | 216 Posts
Quoting Ata-Turkoglu
Disliked
This week we should start now to get our "end of day" price best guess.. (based on tradingview oanda servers) My "end of day price" guess: 1.1566..
Ignored
I'll go slightly lower at 1.1550
A wise man changes his mind, a fool never will
 
1
  • Post #141,813
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  • Nov 5, 2021 8:36am Nov 5, 2021 8:36am
  •  yvestrcz
  • Joined Mar 2020 | Status: Member | 791 Posts
Quoting yvestrcz
Disliked
Good day folks. Today I am betting on the vampire bears attempting to break lower. The slightest touch of 1.1515 would make my day. No matter what, have a great day and profit!
Ignored
Hooray, I got my desired slightest touch! I call it a day and see you next week again!
 
4
  • Post #141,814
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  • Nov 5, 2021 8:37am Nov 5, 2021 8:37am
  •  SnaveForex
  • Joined Dec 2011 | Status: Member | 3,788 Posts
Quoting SnaveForex
Disliked
{quote} Out of this swing short for 85 pips @ 1533 better safe than sorry. NFP range now 1550 - 1520 Overshoot range 1566 - 1505
Ignored
Long this 1520 bottom of range tp 1550 tp2 1590
 
2
  • Post #141,815
  • Quote
  • Nov 5, 2021 8:45am Nov 5, 2021 8:45am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 2,955 Posts
Quoting MarvOli
Disliked
{quote} So you are expecting a big miss on NFP this morning? We would need a 200k NFP # to see 1.1650 right? I dont have that much experience, but that is a very unlikely scenario IMO.
Ignored
Nope my position was taken before NFP actually yesterday and yes I'm underwater but I'm tired of the petty back and forth crap.

The US market says - RISK ON. so I'm early to the party but I'm holding this for 1-2 weeks rather than day trading.
 
1
  • Post #141,816
  • Quote
  • Nov 5, 2021 8:52am Nov 5, 2021 8:52am
  •  SnaveForex
  • Joined Dec 2011 | Status: Member | 3,788 Posts
Quoting SnaveForex
Disliked
{quote} Long this 1520 bottom of range tp 1550 tp2 1590
Ignored
tp 1550 is valid tp2 may void. I doubt we may go that high but probability is 75%
1590 seems a huge resistance. We wait it out

1527 last daily candle low
 
 
  • Post #141,817
  • Quote
  • Nov 5, 2021 8:56am Nov 5, 2021 8:56am
  •  MaxProfit88
  • | Joined Sep 2021 | Status: Member | 4 Posts
solid NFP data we have here ~
 
 
  • Post #141,818
  • Quote
  • Nov 5, 2021 9:04am Nov 5, 2021 9:04am
  •  corongumet
  • Joined Dec 2018 | Status: Trading For Living | 1,457 Posts
Quoting corongumet
Disliked
Last time FOMC giving clue of NFP. I think positiv.
Ignored
Good luck for bull
Learn and learning
EA XAU Ticmill All Time Return: na
 
 
  • Post #141,819
  • Quote
  • Nov 5, 2021 9:13am Nov 5, 2021 9:13am
  •  MarvOli
  • | Joined Aug 2021 | Status: Member | 47 Posts
Quoting MarvOli
Disliked
{quote} EOD guess is 1.4938
Ignored
Bears running out of steam early. Time to close my short. Maybe 1.15375 EOD.
 
 
  • Post #141,820
  • Quote
  • Nov 5, 2021 9:24am Nov 5, 2021 9:24am
  •  MarvOli
  • | Joined Aug 2021 | Status: Member | 47 Posts
Oh man, I almost forgot about the vote today in the US on the Infrastructure bill. If it passes, printing more money=weaker USD. Higher EURUSD soon, but only fleeting.
 
 
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