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EURUSD

  • #1,202,381
  • Nov 5, 2021 6:52am Nov 5, 2021 6:52am
USDX H3
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  • #1,202,382
  • Nov 5, 2021 6:59am Nov 5, 2021 6:59am
Quoting MrBullBear
{quote} Current condition. Eur,usd,jpy are stronger than gbp, usd is stronger than eur,jpy. Eur is stronger than jpy. Regarding nfp, we all know market don't give a shit on whatever data will present. It's all about liquidity. Having bias, we could be right or wrong. We should just follow price wherever it will go and get our share. I am currently bearish with +10 stops. But not adding order yet 'coz we all know it may spikes both direction as we get closer to news release.
the obvious trade is shoret eu and this might be correcct in the short term. i could see a spike down to take out the stop and then move higher.

anyway, just theories until the action starts. i remain open minded.

edit - looking at the order book for e6, there is a lot of liquidity below the current bottom.
In tea leaves we trust!
  • #1,202,383
  • Nov 5, 2021 7:00am Nov 5, 2021 7:00am
Done for the day on this pair. Nice 25 pip move down.
Exiting all trades. Am done for the week.

Everyone else can roll up and cast your bets on the gamble that is NFP.
Bias is to the downside, but as usual you can never rule out some serious stop hunting and counter moves for a news release
  • #1,202,384
  • Nov 5, 2021 7:05am Nov 5, 2021 7:05am
Quoting Nordling00
{quote} Excellent MrBullBear! You said exactly what my fundamental excel sheet says about all these currencies. It is very interesting that you are a scalper and you only look at technicals but yet you say the same thing with my fundamental sheet. I don't know how you are looking at the charts but you can see the fundamentals in it. It's like you are actually aligning with it, but you don't need to look at the fundamentals bc you can see it in your chart. Now that is very interesting. I guess that's the secret of your success.
Thanks for the kind words but I also look for fundamentals for specific currencies future directions. But as a day trader, whose trading for todays and tomorrow's... I don't use fundamental analysis. Remember, the price action today is the result of the past, fundamental data and it is long term. We could be currently in a pullback or retracement of a positive or negative effect of all the aspects affecting the strength and direction of the currency. That time frame is high, and we are trading using smaller. Don't take the mistake of, todays news release affects the strength and direction. Movement already done before the news release and still will affects long after news release (long term). And it is just one aspect of so many factors that affects economy currency strength. That is why sometimes we wonder, market do the opposite of fundamental data? It is naive to think that price action of todays is because of the current news data release. Well, it is just liquidity it brings. The direction is the result from the past. By the way, I am not too technical. And i don't use any indicators. I just simply follow price. I only use ma so I don't have ro scroll to the left to check on previous PA. Like said, whatever works for you is good. Lots of way to trade. Mine is just one of many. Green pips to us!
Only an idiot knows with certainty to where the market is going.
  • #1,202,385
  • Nov 5, 2021 7:33am Nov 5, 2021 7:33am
Good numbers for USD both unemployment and NFP. #LoveFridays
You have to have an IQ higher than 90 to interact with this user.
  • #1,202,386
  • Nov 5, 2021 7:36am Nov 5, 2021 7:36am
Watch out for fakeouts... if it is, tp and go the other direction.
Only an idiot knows with certainty to where the market is going.
  • #1,202,387
  • Nov 5, 2021 7:36am Nov 5, 2021 7:36am
Quoting MrBullBear
Closed this as volatility may now subsides.. {image}
Albeit on the Dow - I often see a few tails of price bars and find that after a couple of bounces one can put in a long etc as price reverses up the same bar, for a few pips.
every Saint has a past. Every Sinner has a Future
  • #1,202,388
  • Nov 5, 2021 7:37am Nov 5, 2021 7:37am
long
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In tea leaves we trust!
  • #1,202,389
  • Nov 5, 2021 7:39am Nov 5, 2021 7:39am
No SL at this moment, must be manual.
Only an idiot knows with certainty to where the market is going.
  • #1,202,390
  • Nov 5, 2021 7:40am Nov 5, 2021 7:40am
Quoting Mcbeaners
long {image}
out
In tea leaves we trust!
  • #1,202,391
  • Nov 5, 2021 7:43am Nov 5, 2021 7:43am
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I TP on shorts at 1.15 27 and reversed to long at 31 , as shown . . .

  • #1,202,392
  • Nov 5, 2021 7:43am Nov 5, 2021 7:43am
Quoting Mcbeaners
{quote} out
Looks like a fakeout. I closed my short and switched to long.
Only an idiot knows with certainty to where the market is going.
  • #1,202,393
  • Nov 5, 2021 7:45am Nov 5, 2021 7:45am
bears trying ot take it down but looks like price is baked in. waiting.
In tea leaves we trust!
  • #1,202,394
  • Nov 5, 2021 7:48am Nov 5, 2021 7:48am
Quoting Mcbeaners
bears trying ot take it down but looks like price is baked in. waiting.
back long, bear are short covering imo.
In tea leaves we trust!
  • #1,202,395
  • Nov 5, 2021 7:50am Nov 5, 2021 7:50am
Quoting turnip15
{quote} Albeit on the Dow - I often see a few tails of price bars and find that after a couple of bounces one can put in a long etc as price reverses up the same bar, for a few pips.
You quoted my post from September. That scenario might also happen today.
Only an idiot knows with certainty to where the market is going.
  • #1,202,396
  • Nov 5, 2021 7:50am Nov 5, 2021 7:50am
something of damp squid eu. looks cmpletely priced in and bored.
In tea leaves we trust!
  • #1,202,397
  • Nov 5, 2021 8:00am Nov 5, 2021 8:00am
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JY --- a risky short here with SL at 114.11

  • #1,202,398
  • Nov 5, 2021 8:10am Nov 5, 2021 8:10am
CAD unemployment rate 6.7% so I bought CADJPY.

USD NFP 531K i bought USDJPY, USDCHF.

USD unemployment rate 4.6%.

I added more sell on EURUSD.

Trade safe.
  • #1,202,399
  • Nov 5, 2021 8:14am Nov 5, 2021 8:14am
Quoting Mcbeaners
long {image}

this tl held, so will hold. stop under it. eu will probably thriple tap it, my guess.
In tea leaves we trust!
  • #1,202,400
  • Nov 5, 2021 8:18am Nov 5, 2021 8:18am
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JY --- Looks bearish to me . . . . I added another short . . .

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