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  • #1,209,541
  • Feb 3, 2022 12:05pm Feb 3, 2022 12:05pm
Quoting fxpipper
{quote} Probably like Oct. 28-29. {image}
I don't think EU will turn bearish but i think that 28-29 October thing will happen with EURGBP.

I will add some EG shorts in few hours
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  • #1,209,542
  • Feb 3, 2022 12:06pm Feb 3, 2022 12:06pm
Quoting Bones
{quote} yea it really looks like that {image}
You just focus on drawing your little lines. Use crayons.
  • #1,209,543
  • Feb 3, 2022 12:20pm Feb 3, 2022 12:20pm
https://www.fxstreet.com/news/nfp-do...s-202202031656

Quote
“A weaker-than-expected NFP report would reinforce the recent USD selloff. It works through two channels: rates and risk. Risk sentiment would likely welcome easier financial conditions, especially if Omicron explains the growth weakness. That said, our dashboard shows the USD reaching oversold levels again so we use this recent pullback as a buying opportunity ahead of next month's Fed meeting.”

No trend change to bullish yet. Still below 200 and 100 DMAs currently. The same thing happened last time and the bulls bailed after they couldn't exceed the 100 DMA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_2022-02-03_13-18-56.png Size: 136 KB
Click to Enlarge Name: DXY_2022-02-03_13-23-34.png Size: 118 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,544
  • Feb 3, 2022 12:25pm Feb 3, 2022 12:25pm
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
They work like 20% of the time. He used all his luck for this year.
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  • #1,209,545
  • Feb 3, 2022 12:33pm Feb 3, 2022 12:33pm
Quoting Nordling
{quote} They work like 20% of the time. He used all his luck for this year.
It's like day trading throughout year, it only works 20% of the time, and other 80% traders do not stand a chance.
  • #1,209,546
  • Edited 2:22pm Feb 3, 2022 12:35pm | Edited 2:22pm
theres only one hammer ,that note is from when it printed ,the only time it broke was on that sharks liquidity grab ,
here's the post opposite which was a cross on dxy- a cross is better than a hammer
you can see for yourself what happened any higher right now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2022-02-03 at 18.31.38.png Size: 372 KB
Click to Enlarge Name: Screenshot 2022-02-03 at 18.32.52.png Size: 126 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,209,547
  • Feb 3, 2022 12:37pm Feb 3, 2022 12:37pm
there are no buyers at or above that level other than a small group with a very bad attitude on forex factory
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,209,548
  • Feb 3, 2022 12:54pm Feb 3, 2022 12:54pm
Somebody claimed that i am USD long, excuse me wut??

"If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools..."

Attached Image (click to enlarge)
Click to Enlarge Name: PERF.png Size: 60 KB


https://www.myfxbook.com/members/Nor...legacy/9364022
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  • #1,209,549
  • Feb 3, 2022 12:58pm Feb 3, 2022 12:58pm
Quoting Nordling
Somebody claimed that i am USD long, excuse me wut?? "If you can bear to hear the truth you’ve spoken Twisted by knaves to make a trap for fools..." {image} https://www.myfxbook.com/members/Nor...legacy/9364022
And those knaves are tryin to give attitude lessons to other people? Hahaha, they have no shame.
You have to have an IQ higher than 90 to interact with this user.
  • #1,209,550
  • Feb 3, 2022 1:26pm Feb 3, 2022 1:26pm
Quoting Nordling
{quote} And those knaves are tryin to give attitude lessons to other people? Hahaha, they have no shame.
Mate,
It's just people making up fake news about others, in order to feel better about their own recent misjudgements on the market.

Common and predictable.

Don't worry about it.

If people make mistakes, they make mistakes.

If we want to point out other peoples mistakes, we should be able to accept it when ours are pointed out.

(Unless of course it 1 rule for some and another rule for others)
Compulsions can be hard to resist
  • #1,209,551
  • Feb 3, 2022 1:38pm Feb 3, 2022 1:38pm
Quoting Nordling
{quote} And those knaves are tryin to give attitude lessons to other people? Hahaha, they have no shame.
You mentioned recently the ECB are getting more Hawkish.
Where did you read that?
I don't keep up with the ECB news too much as I rarely trade EU.
This is the last item I read.
https://www.forexfactory.com/news/11...l#post13882694
Compulsions can be hard to resist
  • #1,209,552
  • Feb 3, 2022 1:47pm Feb 3, 2022 1:47pm
Quoting Nordling
{quote} And those knaves are tryin to give attitude lessons to other people? Hahaha, they have no shame.
"In support of its symmetric 2% inflation target and in line with its monetary policy strategy, the Governing Council expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching 2% well ahead of the end of its projection horizon and durably for the rest of the projection horizon, and it judges that realised progress in underlying inflation is sufficiently advanced to be consistent with inflation stabilising at 2% over the medium term. This may also imply a transitory period in which inflation is moderately above target".
https://www.forexfactory.com/news/11...s#post13882690

This very different (more Dovish) wording than the Fed are using.
Compulsions can be hard to resist
  • #1,209,553
  • Feb 3, 2022 1:58pm Feb 3, 2022 1:58pm
My concern is there wasn't a strong rejection from the supply zone on the Daily. So far, today's daily candle has a range more than 180 pips. One would think a strong pullback would occur following such a candle. But it is looking like bears are exhausted. This is leading me to believe we could see higher prices, as high as the gray rectangle you see on the image below, which is also an area of supply. I would like to see at least a 50% retracement on the weekly candle before bulls take it higher. But you never know with a move like we have seen today. Time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 51 KB

Note: If I get a thumbs down on this post, then I likely won't share anymore ideas here. All it takes is one person to ruin things for everyone. I don't have to share my analyses. I do this out of kindness.
Learn from your mistakes and march on.
  • #1,209,554
  • Feb 3, 2022 2:04pm Feb 3, 2022 2:04pm
Quoting trumps
{quote} "In support of its symmetric 2% inflation target and in line with its monetary policy strategy, the Governing Council expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching 2% well ahead of the end of its projection horizon and durably for the rest of the projection horizon, and it judges that realised progress in underlying inflation is sufficiently advanced to be consistent with inflation stabilising at 2% over the medium term. This may also imply a transitory period in which inflation...
Yes mate compared to the FED, ECB is more dovish. FED is ahead of ECB when it comes to tightening. BOE is way ahead of these two too.

The reasons behind the today's strong move on Euro are:

1. PEPP tapering

2. During the press conference, Lagarde said that inflation is elevated rather than saying it's transitory.

3. Last and most importantly, Lagarde kept the doors open for interest rate hikes in 2022 when she's asked about rate hikes during the press conference. And she said it's up to datas.

That's a very hawkish change in tone compared to the past.
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  • #1,209,555
  • Feb 3, 2022 2:19pm Feb 3, 2022 2:19pm
Quoting Nordling
{quote} Yes mate compared to the FED, ECB is more dovish. FED is ahead of ECB when it comes to tightening. BOE is way ahead of these two too. The reasons behind the today's strong move on Euro are: 1. PEPP tapering 2. During the press conference, Lagarde said that inflation is elevated rather than saying it's transitory. 3. Last and most importantly, Lagarde kept the doors open for interest rate hikes in 2022 when she's asked about rate hikes during the press conference. And she said it's up to datas. That's a very hawkish change in tone compared...
Thanks mate.
I must admit, Bones does receive a lot of unnecessary criticism and comments for posting his charts.
I guess its not surprising he bites back,
Compulsions can be hard to resist
  • #1,209,556
  • Feb 3, 2022 2:19pm Feb 3, 2022 2:19pm
If you are wondering why EURUSD moved up so strongly, it is because USD hit a major supply zone.
Attached Image (click to enlarge)
Click to Enlarge Name: USD.png Size: 74 KB
Learn from your mistakes and march on.
  • #1,209,557
  • Feb 3, 2022 2:36pm Feb 3, 2022 2:36pm
Quoting trumps
{quote} Thanks mate. I must admit, Bones does receive a lot of unnecessary criticism and comments for posting his charts. I guess its not surprising he bites back,
You are always welcome buddy. Also check that article out it can help: https://think.ing.com/articles/ecb-p...backward-roll/

Bones receives unnecessary amount of criticism for posting his charts yes, because he also criticises people unnecessarily and tries to patronise them when they disagree. Man just don't know how to respect different ideas. When he starts to respect others and stop patronising, i am sure he will start to get less criticism.

There's a lot of members using candlestick patterns, trendlines etc. but I only argue with Bones. Because this is about his attitude, not about the way he trades.
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  • #1,209,558
  • Feb 3, 2022 2:39pm Feb 3, 2022 2:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-02-03 at 20.36.41.png Size: 250 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,209,559
  • Feb 3, 2022 2:44pm Feb 3, 2022 2:44pm
Quoting Bones
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: nick-young-confused-face_nz4mdy.jpg Size: 16 KB

Attached Image (click to enlarge)
Click to Enlarge Name: PERF.png Size: 60 KB

https://www.myfxbook.com/members/Nor...legacy/9364022
You have to have an IQ higher than 90 to interact with this user.
  • #1,209,560
  • Feb 3, 2022 2:52pm Feb 3, 2022 2:52pm
Quoting Nordling
{quote} You are always welcome buddy. Also check that article out it can help: https://think.ing.com/articles/ecb-p...backward-roll/ Bones receives unnecessary amount of criticism for posting his charts yes, because he also criticises people unnecessarily and tries to patronise them when they disagree. Man just don't know how to respect different ideas. When he starts to respect others and stop patronising, i am sure he will start to get less criticism. There's a lot of members using candlestick patterns, trendlines etc....
I most certainly won't argue with any of that.
Have great day mate.
Enjoy.
Compulsions can be hard to resist
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