It took forever for the bulls to get in control. And even now we don't know yet whether it will break out above 1.1480.
1
- #144,889
- Feb 3, 2022 1:46pm Feb 3, 2022 1:46pm
- Joined May 2021 | Status: Trader | 7,225 Posts
M5 m15 double top small but is, can bring some down move, I cant see much more up, im disagree with that 
People don't plan to lose. They lose because they don't plan.
- #144,891
- Feb 3, 2022 1:57pm Feb 3, 2022 1:57pm
- Joined May 2021 | Status: Trader | 7,225 Posts
DXY im seeing 98.50-99 for R, I wish can go there 
People don't plan to lose. They lose because they don't plan.
- #144,892
- Feb 3, 2022 2:04pm Feb 3, 2022 2:04pm
- Joined Mar 2020 | Status: Trader | 1,129 Posts
{quote} So you intuit they are going to drive it further up to get billions of stops and yet you think going long is crazy?...it is psychologically hard, but it's the only rational thing to do.
- #144,895
- Feb 3, 2022 2:56pm Feb 3, 2022 2:56pm
- | Joined Feb 2020 | Status: Full-Time Trader | 263 Posts
{quote} Not really. My point is I would not be surprised they do so (take it to 1.152x, because most people will think it is crazy - just like someone else in this thread earlier today - and that enables the market makers generate profit). My point is I would definitely not go short from here, nor would I go long. I don't feel comfortable doing anything now as I don't like being fucked around. :-D
i'm since Tuesday on trip till tomorrow so not write a lot, but as i said yesterday today and tomorrow can be very shaking day beacuse today ECB and tomorrow NFP.
Generally wehn i look literally for today ECB that i can say that she said...nothing, but i feel that market just needed a little spar to go up with EUR ( specially if i look for GBP and JPY, where USD remain strong). Generally Legarde said only that they will look for data and on March can say something new about next steps but not said direct that they will rise interest rate in this year, ok she starting to talking about CPI, but still FED is more Hawkish and from fundamental side USD should rise in next month in rule: buy rumors sell facts ( fact will be that FED rise interest rate on March )).
So since next MOnday ( beacuse tomorrow i suppose will be next turmoil on market) i will rade shorts on EURUSD after dust fall down.
What convince me?
- USD not lots power vs JPY and GBP ( here we se typical buy rumors sell facts)
- 10yUSBond and 2yUSBond are selling ( percentage rate is growing up )
- Gold not rise
- even that ECB will rise interest rate in this year, that will be soonest on JUly and max in this year 25bps, to compare FED can rise from 4 to 5 time time starting on March
Thank if somebody read it all
and that is only my poitn of view, but any remarks are welcome.Best Regards
Everyone makes mistakes, but only few use equity management.
- #144,896
- Feb 3, 2022 3:06pm Feb 3, 2022 3:06pm
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #144,897
- Feb 3, 2022 3:25pm Feb 3, 2022 3:25pm
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #144,899
- Feb 3, 2022 5:16pm Feb 3, 2022 5:16pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Night owl here, with ice on its back !
Just quite big news for me that I wanted to share with you all. My back in daily range trade hit its 1st TP at 1395 on the probable high of the range and had its 2nd TP at the next volatility reversal setup BUT now that 2nd is cancelled because I've got a first daily counter-trend trade since the beginning of the downtrend, and could now become a weekly one as early as tomorrow if we get a miraculous weekly close above 1463 and if next week follows beyond its high.
What does that mean for me :
I am now in "Moving SL at BE instead of tp" and buying only mode, for all setups except scalps(<7pips).
Relying on 8H to Monthly chart only for TPs and stops, yes even for intraday trades. If works out, will be for at least the whole of February and give me a lot more free time as I don't have to deal with intraday levels for SLs and TPs. I hope so much that it will work, as I have some projects I have been wanting to work on but am always putting them back at the bottom of my list, and this really could open doors and perhaps get my non-trade-related will power out again
. Wish me luck !
Just got my first set up .1436 SL 15pips, at BE at .1465
P.S for those that are interested in this approach, see
Just quite big news for me that I wanted to share with you all. My back in daily range trade hit its 1st TP at 1395 on the probable high of the range and had its 2nd TP at the next volatility reversal setup BUT now that 2nd is cancelled because I've got a first daily counter-trend trade since the beginning of the downtrend, and could now become a weekly one as early as tomorrow if we get a miraculous weekly close above 1463 and if next week follows beyond its high.
What does that mean for me :
I am now in "Moving SL at BE instead of tp" and buying only mode, for all setups except scalps(<7pips).
Relying on 8H to Monthly chart only for TPs and stops, yes even for intraday trades. If works out, will be for at least the whole of February and give me a lot more free time as I don't have to deal with intraday levels for SLs and TPs. I hope so much that it will work, as I have some projects I have been wanting to work on but am always putting them back at the bottom of my list, and this really could open doors and perhaps get my non-trade-related will power out again
. Wish me luck !Just got my first set up .1436 SL 15pips, at BE at .1465
P.S for those that are interested in this approach, see
If I don't mention SL and/or TP = longer-term setup possibly in the works!