Focus only on what truly matters!
- #143,121
- Dec 9, 2021 1:05pm Dec 9, 2021 1:05pm
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
- #143,122
- Edited 1:33pm Dec 9, 2021 1:23pm | Edited 1:33pm
- Joined Jun 2020 | Status: Trader | 1,175 Posts
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
Imho everything above 0.7%MoM would mean that inflation is getting out of control. Not sure if this would translate in USD strength, but probably it would. If we see a number <0.5%MoM the dollar will be flushed down the toiled in the short-term as the FED could relax a bit. Although in my opinion it should also be flushed down when >0.7% MoM occurs because this would lift US inflation to EM levels.
Anyone here from the US who can tell us how prices are developing? Can you still buy your healthy organic fruits and vegetables, with essential vitamins and trace minerals for good trading, or has it become unaffordable?
Another day, another dollar.
- #143,124
- Dec 9, 2021 1:52pm Dec 9, 2021 1:52pm
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
Focus only on what truly matters!
- #143,125
- Dec 9, 2021 1:54pm Dec 9, 2021 1:54pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
...because you never know - until you do!
- #143,126
- Dec 9, 2021 1:54pm Dec 9, 2021 1:54pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
...because you never know - until you do!
- #143,128
- Dec 9, 2021 2:25pm Dec 9, 2021 2:25pm
- Joined May 2014 | Status: Full Time Trader | 27,258 Posts
Focus only on what truly matters!
- #143,129
- Dec 9, 2021 2:53pm Dec 9, 2021 2:53pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,235 Posts
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
. Will update on the levels soon
Risk comes from not knowing what to do
- #143,132
- Edited 9:07pm Dec 9, 2021 3:58pm | Edited 9:07pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} That's exactly what I'm anticipating...
But for now, neither the bulls nor the bears managed to follow through after my scare
long setup which quickly died out, and which usually forces me to get out temporarily of opposite position or partially, at the very least.As I mentioned in a previous post, this more probable 1290s resistance, though still too young and fresh, could very well be what the downtrend needed to start anew; although I highly doubt it ! being in this crazy ranging still, I still trade accordingly, and with balance, the high and the low likely. Bears have managed to shift the range down a bit and open a door for some fresh intraday momentum that could cause an interesting continuation and attack 1260s.
So It was a false alarm for me. And therefore, I actually got back in my 1328 short
.{quote} 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. {image}
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 !
!...
, sold at 12835, and I am still in it. And even though my SL I posted got reached, I am here, live, its in a loss.I am updating, as I take in consideration what happens after entry also. I don't know why some don't understand and/or dislike that. There are many ways to make an omelet, and I know that at least a few here understand and appreciate crazy me ! And its thanks to you that I feel welcome here. I happily go through a lot of effort to post and update my entries and thoughts in the moment as well as I can without taking the fun out of it. I never thought I'd share any details of what I do, and even less share that much of it ! Any objective reader can see that the vast majority of times, my updates happen really live, and most often protect profits and cut losses shorts(BE), but sometimes makes a loss greater. After all, it is price that forces me to adapt, not the other way around, so sometimes it concludes positively
, sometimes not 
. So bad bad price! 
! And that is the point : share my real-life experience confronting price, the best I can but with lightness and fun. Forget work ! Work is what you make of it. And I much prefer Ata's chillin'-trading Cafe ! filled with like-minded, intelligent, good-hearted people.Soooo
, even if in loss now, my short 12835 is open, and has its dynamic declining SL, which was initially at BE, 1328, now is at 1221. To add to the above, volatility that caused the momentary stir has vanished, like my slumber , and my presently most important 15m average resistances, 1290s to 1310s, have a decent enough chance of keeping price down a little longer. Bears, let's hope it will be long enough for the train to be refilled with coal !And even I am genuinely crazy with my shares, it all comes from a good heart and without any negativity or dishonesty, ever.
Take good care and good night everyone.
UPDATE: had a few too many wine glasses last night. I have no clue where the idiocies I thought of came from! Been awhile. Won't do it anytime soon again. Now that was very important eurusd update!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #143,135
- Dec 10, 2021 1:27am Dec 10, 2021 1:27am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,235 Posts
{quote} Well, we didn't get the bearish engulfing candle I was expecting but bears dominated today. Tomorrow might be tricky but I plan on selling for reasons mentioned above
target adjusted to 1.12657
Risk comes from not knowing what to do
- #143,136
- Dec 10, 2021 2:22am Dec 10, 2021 2:22am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,235 Posts
I'll take the opp. to say that I have no clue where EURUSD is going today.Carrying over from yesterday that down retr. over and 1.14 next. Saw some very short term down pointers. I'm totally clueless. Hope this helps
. could be a both a buy and a sell.buy at 1.12857
sell at 1.13326
Risk comes from not knowing what to do
- #143,137
- Dec 10, 2021 2:39am Dec 10, 2021 2:39am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #143,139
- Edited 3:00am Dec 10, 2021 2:50am | Edited 3:00am
- Joined May 2014 | Status: Alive | 523 Posts
{quote} told y'all today will be tricky
I used to find my views in agreement with those of Ata oftentimes but when not, it really got brutal with market direction (I made lots of money or avoided huge losses).
Let me tell you what I think is going on. The November 24 low is solid and a genuine yearly trend reversal. The rise that ensued was halted by big money to accumulate long / reverse. Until they are done, they won't let it go up.
Edit. You guys see the November 30 super fast drop?! To me that is big money telling people in unequivocal terms that the bitch ain't going nowhere! (That day I made 133% on account and it made my +96% week, because something didn't smell right to me at the top of the rise. https://www.forexfactory.com/thread/...6#post13807366 )
Practitioner of the cryptic trading arts
- #143,140
- Dec 10, 2021 2:54am Dec 10, 2021 2:54am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,235 Posts
{quote} told y'all today will be tricky
Risk comes from not knowing what to do