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  • #1,209,501
  • Feb 3, 2022 7:11am Feb 3, 2022 7:11am
Quoting kuroro001
{quote} But are you trading it ? or just stating it ?
yep, i am selling the rallies as i still don't see EUR/USD turning bullish

the daily chart shows that the trend has not changed to bullish
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,502
  • Feb 3, 2022 7:15am Feb 3, 2022 7:15am
News is noise.
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Learn from your mistakes and march on.
  • #1,209,503
  • Feb 3, 2022 7:17am Feb 3, 2022 7:17am
Quoting Mitiblotch
{quote} Hi, What do you say about this humongous rise? Are you still bearish on this pair, and do you still believe it is wholly bearish? I need your intelligent input here. See the annoying thing about these fundamentals. I usually say fundies seem to be useless in the short term. BoE raised rates twice now in consecutive meetings yet GU couldn't even muster 100 pip rise. It still dropped 80 pips from top. Now EU, no rate raise, and interest rate differential still favours the USD. In fact, Madam Lagard says no rate raise till end of bond purchase......
GBP/USD started its rally around 1.34 before the BOE rate hike. The rate increase has been priced in mostly. Next target is likely 1.38 for the pair.

In comparison, the ECB didn't raise rates and they still mention that they need to meet their targets, which is not hawkish compared to other central banks.
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,504
  • Feb 3, 2022 7:23am Feb 3, 2022 7:23am
Quoting ForexGoose
{quote} yep, i am selling the rallies as i still don't see EUR/USD turning bullish the daily chart shows that the trend has not changed to bullish
Yeah, I'm thinking the same, but staying out of trading it today. I think today's up move is largely a result of DXY weakness because of GU. It might just be a very large liquidity grab, which hints that tomorrow's NFP number will likely be positive, and it will crash as banks release the liquidity tomorrow morning.

Or if it is for real, then we have to consider the possibility of switching our bias to bullish. Will find out tomorrow morning.
  • #1,209,505
  • Feb 3, 2022 7:25am Feb 3, 2022 7:25am
Quoting ForexGoose
{quote} GBP/USD started its rally around 1.34 before the BOE rate hike. The rate increase has been priced in mostly. Next target is likely 1.38 for the pair. In comparison, the ECB didn't raise rates and they still mention that they need to meet their targets, which is not hawkish compared to other central banks.
EU also started it's rally from 1.1200 even before today. So now added almost 150 pips today on nothing but dovish comments. So there is no fundamental reason for the rise. Just liquidity grab.
  • #1,209,506
  • Feb 3, 2022 7:32am Feb 3, 2022 7:32am
There is another supply zone on the Daily about 30 pips away. My plan is to scale in.
Learn from your mistakes and march on.
  • #1,209,507
  • Feb 3, 2022 7:34am Feb 3, 2022 7:34am
COVID? Or COWARD?


Husband and wife both got sick no wonder both disappeared. But mile disease causing weeks of absence, or simply an excuse to chicken out.

Anyway, stupidity is shown as with no knowledge of INVESTOR PASSWORD



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  • #1,209,508
  • Feb 3, 2022 7:37am Feb 3, 2022 7:37am
another trap today for EUR, looks interesting to try and sell
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,509
  • Feb 3, 2022 7:41am Feb 3, 2022 7:41am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,209,510
  • Feb 3, 2022 7:42am Feb 3, 2022 7:42am
Quoting ForexGoose
another trap today for EUR, looks interesting to try and sell {image}
Its a 139 pips range day (and counting), very very uncommon for eurusd in last years and certainly doesnt look like a typical trap, more like trend change. Last time we had this large daily candle (16/6/2021) it was the start of major downtrend.
  • #1,209,511
  • Feb 3, 2022 7:44am Feb 3, 2022 7:44am
Quoting Bones
{image}{image}
but the gurus said last time that there was a trend change when EUR/USD reached 1.148 only to reverse back down and end up in the low 1.11s

they drew trend lines and lost money LoL

now they are drawing the same lines
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,512
  • Feb 3, 2022 7:47am Feb 3, 2022 7:47am
Quoting Nordling
Why arguing when you can enjoy the profits guys! If i am not mistaken, Tech, here2there, ForexGoose all called for shorts. Enjoy the profits, well done! Your success speaks for itself already.
I considered your viewpoints on USD for my swing trades during vacation.

The market gave me red packet money for Chinese New Year. Pretty decent 170pips. Aligning with others’ view in USD pairs like EU, was holding the position comfortably for a week

Paid my flight and bill to have dinner at Burger and Lobsters and also others.

trade well and have a nice weekend

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  • #1,209,513
  • Feb 3, 2022 7:47am Feb 3, 2022 7:47am
Quoting ForexGoose
{quote} but the gurus said last time that there was a trend change when EUR/USD reached 1.148 only to reverse back down and end up in the low 1.11s they drew trend lines and lost money LoL now they are drawing the same lines
its not finished ,the line is broke it retraced ,unusually below the low on eu
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,209,514
  • Feb 3, 2022 7:50am Feb 3, 2022 7:50am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,209,515
  • Feb 3, 2022 7:55am Feb 3, 2022 7:55am
Quoting here2there
News is noise. {image}
Scaling in. If this doesn't work out, then there is plan B.
Learn from your mistakes and march on.
  • #1,209,516
  • Feb 3, 2022 7:56am Feb 3, 2022 7:56am
Quoting Bones
{image}
how many bullish hammers did you draw? which one is correct?

which one made you money? which one lost money? it looks like a mess
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,517
  • Feb 3, 2022 8:00am Feb 3, 2022 8:00am
Quoting ForexGoose
{quote} how many bullish hammers did you draw? which one is correct? which one made you money? which one lost money? it looks like a mess
eat humble pie newbie ,you and the rest of your group
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,209,518
  • Feb 3, 2022 8:05am Feb 3, 2022 8:05am
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2 more pending sales at 32 and 35 . . . .

  • #1,209,519
  • Feb 3, 2022 8:08am Feb 3, 2022 8:08am
Quoting ForexGoose
{quote} how many bullish hammers did you draw? which one is correct? which one made you money? which one lost money? it looks like a mess
He is just some delusional guy “trading” both ways with mind. Don’t waste time on those losers
  • #1,209,520
  • Feb 3, 2022 8:10am Feb 3, 2022 8:10am
Quoting Bones
{image}
If that turns out to be a double bar reversal pattern, then bears may be in trouble. But because it is on the Weekly, I would expect a deep pullback before bulls proceed to take prices higher.

I believe I had the correct view in this post. But I overlooked a key area of supply on the daily, which larger players likely used to push prices down to fill orders.
Learn from your mistakes and march on.
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