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  • #143,101
  • Edited 5:50am Dec 9, 2021 5:40am | Edited 5:50am
Marking 1.1315 as nearest support based on M15...

*Also remember: based on weekly, bulls have to push price above 1.1330 at least!
Focus only on what truly matters!
  • #143,102
  • Dec 9, 2021 5:52am Dec 9, 2021 5:52am
Quoting SnaveForex
{quote} After some few hours we are above 1.13 well into 1333 the end of a ABC zigzag correction. At this point let's see what the europe close bring to the table.
A decent bull has to close above 1.1322 for further extension. meanwhile zig zag ending at 1333 is still active unless we plow through it and we see a strong bull move into 1365
  • #143,103
  • Dec 9, 2021 5:57am Dec 9, 2021 5:57am
Looks like Dollar going to get underpinned by green jobless claims today, now next part is tomorrow's US CPI data , if we get green there as well I see EU moved down to 1200 ish before FED...

Trade Safe
Happy Trading
Trades technical moves enforced by fundamentals
  • #143,104
  • Dec 9, 2021 6:00am Dec 9, 2021 6:00am
Quoting post
Looks like Dollar going to get underpinned by green jobless claims today, now next part is tomorrow's US CPI data , if we get green there as well I see EU moved down to 1200 ish before FED... Trade Safe Happy Trading
until what end fundamentalist people in these forums
Muito Risco, Pouco Ego... BG!
  • #143,105
  • Dec 9, 2021 6:01am Dec 9, 2021 6:01am
Quoting jhfraga
{quote} until what end fundamentalist people in these forums
kind of conversation i like
Muito Risco, Pouco Ego... BG!
  • #143,106
  • Dec 9, 2021 6:15am Dec 9, 2021 6:15am
Expecting above 1.1381
Attached Image (click to enlarge)
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Neither a Bro Nor a Pro I am I
  • #143,107
  • Dec 9, 2021 6:22am Dec 9, 2021 6:22am
So far so good - I still think we will get a short spike below 1.13 before following the upwards trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
Another day, another dollar.
  • #143,108
  • Dec 9, 2021 6:29am Dec 9, 2021 6:29am
Quoting nic9man
So far so good - I still think we will get a short spike below 1.13 before following the upwards trend line. {image}
I have orders up to 1.12950
Muito Risco, Pouco Ego... BG!
  • #143,109
  • Dec 9, 2021 6:47am Dec 9, 2021 6:47am
Quoting Monk
There’s the start of the drop I’ve been waiting for - short @ 1346 the last ~4 hours holding my breath
And hopefully this is the start of the second drop!
--post hoc ergo propter hoc--
  • #143,110
  • Dec 9, 2021 7:38am Dec 9, 2021 7:38am
Quoting Austyno
Sell limit @ 1.13483 Tp @ 1.12596 Sl 50 pips Reason been that, we took out the lows of last week, meaning sell the high and I expect a bearish engulfing day tomorrow. Looking at 4hrs chart, you can see that the target forms the right shoulder of the pending inverse head and shoulders pattern
Next sell level sits at 1.13209
Target remains 1.12596
Sl 50 pips
Risk comes from not knowing what to do
  • #143,111
  • Dec 9, 2021 7:41am Dec 9, 2021 7:41am
Expect bull pressure at 1.12870
Risk comes from not knowing what to do
  • #143,112
  • Dec 9, 2021 7:49am Dec 9, 2021 7:49am
just out

BIDEN SAYS U.S. INFLATION DATA DUE FRIDAY WILL NOT REFLECT RECENT DROP IN SOME PRICES INCLUDING ENERGY
Might suggest an upside surprise is in store.
Consensus looks for +0.7% M/M and 6.8% Y/Y (range: 6.4-7.1%!) Core expected at 0.5% M/M and 4.9% Y/Y (range: 4.7-5.2%)


happy trading
Trades technical moves enforced by fundamentals
  • #143,113
  • Dec 9, 2021 7:51am Dec 9, 2021 7:51am
Quoting Ata-Turkoglu
Marking 1.1315 as nearest support based on M15... *Also remember: based on weekly, bulls have to push price above 1.1330 at least!
Meanwhile, on M15.... I was hoping for 1.1315 to work but nooooooo...
Attached Image (click to enlarge)
Click to Enlarge Name: M15_Status.png Size: 31 KB
Focus only on what truly matters!
  • #143,114
  • Dec 9, 2021 8:02am Dec 9, 2021 8:02am
Quoting Monk
{quote} And hopefully this is the start of the second drop!
closed my short with some nice pips and reversing to a heavy long @ 2850 tight sl @ 2750. Hoping they start buying it back up quick and can double my pips on the short then maybe stop for the week
--post hoc ergo propter hoc--
  • #143,115
  • Dec 9, 2021 8:12am Dec 9, 2021 8:12am
I could not help myself. To finish the day, I just scalped a little from the mesosphere to the stratosphere(1294-1284) !

I don't know about you, but this is my second most crucial moment of the day for me.

Am watching extra closely a return to 1290 -1300s important! supports (waiting till this 30min close, I don't trust this down move just yet !), and 1320 micro resistance also, as surprising as that sounds!
Second best case scenario for my bears, 1290s becoming resistance right away. Best case scenario, for now, 1260s become resistance this early; that could slow down a bulls attempt to come back from <1230s as strong as it did yesterday, and making us live it all over again !

Updates for my live shares with, as usual, a few little hidden insights, for those interested :
My 1319 position Tp was hit at 1296 +23, and, thanks to the steadiest momentum, it survived this long with the tightest SL, and SLs are at BE for all my days positions, at last. I am especially glad for today, as I am still 3 positions in the red, but far enough thanks to today and yesterdays battles, to not end the week in the red. A rare low-risk day, at last ...
Quoting mtako
.....Closed only my 1337 a minute ago +20, the rest, except 1319, are at BE. Next dynamic TP is now at 1294(rising still), and is reserved for my 1319 entry which definitely will be at BE at 1302. I will not be taking any new setups before tomorrows news... Cheers warmly all ! {image}
Click on links for more insight.
Quoting mtako
... doing the opposite with a first 5min countertrend setup, starting now. Sold here 13491, and also have sell stops for range trades at 1337, 13325, 1328 and 1319. I know, seems extreme, but half will probably be closed at BE or in a loss... The first and last aim at around the middle, now 1300 (raising with the bulls strength). The others depend on too many factors, at least one will be moved at BE when/if other end (now 1266, raising still) is reached, JUST in case the bears to take back...
And my 13491 Dynamic TP was very recently hit at .1285 +64, flirting with the 4H low-mid-0f-range and usual final TP level (now 1269-1287),for such ranging trades.

A decent long setup from around 1320 , if we ever get back there, but I will not take it. For me, bears are safe under that, for now. Unless.... In the unlikely scenario that we don't even test the 1260s today, I have an even stronger potential long if it goes back upto 1300s the right way

Last but not least, my 13325 and 1328 have the only open TPs from today, SLs at BE. Let's see how well they do with tomorrows news, if they survive this long. But up to now, in my view, bears still have the potential to go back to the months low.

Today's live results : +20 +23 +64, and still 3 in the red !

That is it for my updates ! Now, back to patience. Cheers all !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #143,116
  • Dec 9, 2021 8:40am Dec 9, 2021 8:40am
I did not expect this, new 1H volatility growth setup from the middle of the range
Often times, when this happens, we'd get 1279 to .11 or a sharp reversal to >1320 !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #143,117
  • Dec 9, 2021 8:57am Dec 9, 2021 8:57am
This should give all your bears some joy - I'm long again. My personal bias is this - today is sell the rumor and tomorrow will be buy the news (referring to the CPI data tomorrow)

Let's face it people the FED is going to raise rates sometime but not anytime soon - Biden won't let Powell do that just yet (he'll claim that he doesn't want to hurt EM; evidence is Brasil and their rate increase!)

Yeah Euro sucks but the USA and stock market is looking for a Santa Clause rally and when that happens EU should pop - at least those are MY thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD_20211209_11.53.png Size: 80 KB
Long 1.1280 with goal of 1.1410
...because you never know - until you do!
  • #143,118
  • Dec 9, 2021 8:58am Dec 9, 2021 8:58am
Quoting mtako
... Sold here 13491, and also have sell stops for range trades at 1337, 13325, 1328 and 1319. I know, seems extreme, but half will probably be closed at BE or in a loss... The first and last aim at around the middle, now 1300 (raising with the bulls strength)....
Given new tensions Identified on the 30m and 1H, I will close my 1328 early, if price goes a pips above the high of the 30min about to close.

And re-enter only if it gets back to 12788.
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #143,119
  • Dec 9, 2021 9:15am Dec 9, 2021 9:15am
Just when I thought it over, it is perhaps not over !

And closed(temporarily) at 1288 for +40, sell stop placed at 12788, replaced by sell stop 12835 at end of 30min cdl, if 12788 is not triggered of course.

Tight SL, a pip above the high of the last hour, at time of entry.
Going out for another a stroll.

Going to chat with my friendly neighbor who forbids me to speak another word of trading. Thank you Carol !

Happy evening to all ! !
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #143,120
  • Dec 9, 2021 9:23am Dec 9, 2021 9:23am
Quoting mtako
I did not expect this, new 1H volatility growth setup from the middle of the range Often times, when this happens, we'd get 1279 to .11 or a sharp reversal to >1320 !
That's exactly what I'm anticipating...
...because you never know - until you do!
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