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  • Post #144,781
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  • Feb 3, 2022 7:27am Feb 3, 2022 7:27am
  •  Ata-Turkoglu
  • Joined May 2014 | Status: Full Time Trader | 18,758 Posts
Quoting sammytee001
Disliked
{quote} It's now below it. Is this a resumption of a downtrend? Apart from the impacts of the coming news
Ignored
When we talk about important levels, there is often a "fight" to be expected even after the level seems to be broken.. So regarding to your question: Only once bears win the fight and price settles we can be sure.. Until then we keep watching PA!

*Meanwhile I noticed that 200 EMA on M15 sits right at 1.1280... So I am revising my 1.1285 to --> 1.1280
Be a seer, not a looker!
Ata's Trend Hunter V1.2 All Time Return: 232.9%
 
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  • Post #144,782
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  • Feb 3, 2022 7:41am Feb 3, 2022 7:41am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 3,152 Posts
Quoting ScalaFX
Disliked
Closing shorts go long, better to bank some profit that loss, this is scalping, I think we can go little higher today
Ignored
Higher? Really? Why?

With the BOE raising rates and 4 members wanting a 0.5% rate increase it puts MORE pressure on the ECB to raise which they have NO INTENTION of doing. So how does this affect EUR/USD?

Wait till all the talking heads say, "Well if the BoE wants a 0.5% increase I guess the FED wants 0.5% or more as well!"

I don't think we see "much" movement before the NFP but a move down is more likely than a move upward at this point in time IMHO.
...because you never know!
 
 
  • Post #144,783
  • Quote
  • Feb 3, 2022 7:45am Feb 3, 2022 7:45am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 2,323 Posts
Quoting fxsport
Disliked
{quote} Higher? Really? Why? With the BOE raising rates and 4 members wanting a 0.5% rate increase it puts MORE pressure on the ECB to raise which they have NO INTENTION of doing. So how does this affect EUR/USD? Wait till all the talking heads say, "Well if the BoE wants a 0.5% increase I guess the FED wants 0.5% or more as well!" I don't think we see "much" movement before the NFP but a move down is more likely than a move upward at this point in time IMHO.
Ignored
Im short now, you dont readed all I think I have Beenhakker long from 1.1276 to 1.1290 and change the sentiment when realize S became R, Im only scalping in the range and change sides quickly now I think the same, when raise the rate we are going to hell
People don't plan to lose. They lose because they don't plan.
 
 
  • Post #144,784
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  • Feb 3, 2022 7:47am Feb 3, 2022 7:47am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 2,323 Posts
My short term plan I said before, I wont to see 1.1220 or less and we can see what happend next, new low or trend up
People don't plan to lose. They lose because they don't plan.
 
 
  • Post #144,785
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  • Feb 3, 2022 7:52am Feb 3, 2022 7:52am
  •  fxsport
  • Joined Jul 2007 | Status: Member | 3,152 Posts
Quoting ScalaFX
Disliked
{quote} Im short now, you dont readed all I think I have Beenhakker long from 1.1276 to 1.1290 and change the sentiment when realize S became R, Im only scalping in the range and change sides quickly now I think the same, when raise the rate we are going to hell
Ignored
Actually I think most people will be surprised at how few rate raises there will actually be. Let's face it folks when rates go from 0.25% to 1.0% it won't be THAT big of a deal. Life will go on for ordinary people, it is only those "traders" who have been using "free money" that will be shocked.
...because you never know!
 
2
  • Post #144,786
  • Quote
  • Feb 3, 2022 7:59am Feb 3, 2022 7:59am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 2,323 Posts
Nice fake for SL, good making Stop at BE when Trade going in your direction, sooo, whats next?
People don't plan to lose. They lose because they don't plan.
 
 
  • Post #144,787
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  • Feb 3, 2022 8:05am Feb 3, 2022 8:05am
  •  bensmith2012
  • | Joined Feb 2022 | Status: Junior Member | 4 Posts
Quoting Ata-Turkoglu
Disliked
{quote} Maybe not a break but I would not be surprised if price goes back a little lower to kill the stops.. BUT... let's go step by step.. we are not even at 1.1188 yet, so no reason to ask about 1.1122.. Stay in the "now"! Best wishes
Ignored
Wow, nice call, took out stops and now moving up!
 
1
  • Post #144,788
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  • Feb 3, 2022 8:22am Feb 3, 2022 8:22am
  •  MarvOli
  • | Joined Aug 2021 | Status: Member | 77 Posts
Quoting fxsport
Disliked
{quote} Actually I think most people will be surprised at how few rate raises there will actually be. Let's face it folks when rates go from 0.25% to 1.0% it won't be THAT big of a deal. Life will go on for ordinary people, it is only those "traders" who have been using "free money" that will be shocked.
Ignored
#truth

Furthermore, with no rate increase in Europe, EURUSD headed south. I just added to my short position at 1.12935 after the release. The market was nice enough to drop initially, then recover some to get me in at a better price. Right after the release, US 10yr bonds dropped below the key $128 level. I think further sell-off in bonds will just create a nice tailwind and run the US 10year rate higher (currently sitting at 1.797%), creating more demand for USD.

1.1000 is well within reach now

Cheers!
 
 
  • Post #144,789
  • Quote
  • Feb 3, 2022 8:36am Feb 3, 2022 8:36am
  •  MarvOli
  • | Joined Aug 2021 | Status: Member | 77 Posts
Let's go ahead and ADD lower-than-expected unemployment claims in the US. More USD tailwinds. Now, if ISM comes in at 60+, USD to the moon! LOL, and JK. Looking for DXY to 97.7.
 
 
  • Post #144,790
  • Quote
  • Feb 3, 2022 8:41am Feb 3, 2022 8:41am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 2,323 Posts
Start selling some, more and more, risking some profit
People don't plan to lose. They lose because they don't plan.
 
 
  • Post #144,791
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  • Feb 3, 2022 8:44am Feb 3, 2022 8:44am
  •  bensmith2012
  • | Joined Feb 2022 | Status: Junior Member | 4 Posts
Thanks @Ata-Turkoglu! Got in a good positon on my EURUSD longs!
 
1
  • Post #144,792
  • Quote
  • Feb 3, 2022 8:45am Feb 3, 2022 8:45am
  •  TT.bullish
  • | Joined Sep 2021 | Status: Member | 17 Posts
Christine Lagarde can have my kids
 
2
  • Post #144,793
  • Quote
  • Feb 3, 2022 8:47am Feb 3, 2022 8:47am
  •  Starcraftmaz
  • Joined Mar 2012 | Status: Member | 1,796 Posts
1.14 before 1.122 it seems?
 
 
  • Post #144,794
  • Quote
  • Feb 3, 2022 8:48am Feb 3, 2022 8:48am
  •  MarvOli
  • | Joined Aug 2021 | Status: Member | 77 Posts
Be careful on the longs folks. US 10 year rates still increasing, gold not looking strong either.
 
 
  • Post #144,795
  • Quote
  • Feb 3, 2022 8:50am Feb 3, 2022 8:50am
  •  ScalaFX
  • Joined May 2021 | Status: T and CT Trader | 2,323 Posts
Where are the bears, ataaaackk
People don't plan to lose. They lose because they don't plan.
 
 
  • Post #144,796
  • Quote
  • Feb 3, 2022 8:50am Feb 3, 2022 8:50am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 6,602 Posts
I knew EU was telling a lie with the shorts. I knew it would spike. Very dangerous pair. The brother of this pair is more reliable. Even with the spike there it still dumped about 80 pips even after good interest rate raise. EU no raise. No good forecast and yet they spike it.

I saw that cumulative number of sellers increased in an aggregate of brokers so I knew it would spike. Fake pair. But we make money from it anyway.

Very, very, very happy I closed all my shorts this morning in profit. Like I said, they can blow themselves up.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
1
  • Post #144,797
  • Quote
  • Feb 3, 2022 8:55am Feb 3, 2022 8:55am
  •  Mitiblotch
  • Joined Sep 2017 | Status: Member | 6,602 Posts
Quoting Endoephemera
Disliked
And that's why I was right in cutting my 1.1307 short at early signs of hesitation; because once they reached their target and filled up it took them a minute to go back and make a new high. Now it's 1.135++
Ignored
You know EURUSD is the most criminal pair? Lol... slow one minute and lightening fast the next second. Hehehehe
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
 
 
  • Post #144,798
  • Quote
  • Feb 3, 2022 8:55am Feb 3, 2022 8:55am
  •  BoredToLoose
  • Joined Apr 2007 | Status: Member | 2,303 Posts
Short 1.1352 SL 1.1367
 
 
  • Post #144,799
  • Quote
  • Feb 3, 2022 8:55am Feb 3, 2022 8:55am
  •  John4y
  • Joined Mar 2021 | Status: Member | 399 Posts
Quoting John4y
Disliked
New Long entry at 1.12485 (open SL/TP)
Ignored
Closing now my EURUSD 1.12485 Long position at 1.13578 (109.3 pips)
 
 
  • Post #144,800
  • Quote
  • Feb 3, 2022 8:57am Feb 3, 2022 8:57am
  •  bensmith2012
  • | Joined Feb 2022 | Status: Junior Member | 4 Posts
Quoting MarvOli
Disliked
Be careful on the longs folks. US 10 year rates still increasing, gold not looking strong either.
Ignored
You shouldve listened to the experts here
 
 
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