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  • #1,209,581
  • Feb 4, 2022 7:46am Feb 4, 2022 7:46am
Quoting here2there
The plan is to close the first trade if price returns to it, and ride the better entry from the Daily supply zone. {image}
Even though the Daily supply zone has been invalidated, my plan is still intact.
Learn from your mistakes and march on.
  • #1,209,582
  • Feb 4, 2022 7:49am Feb 4, 2022 7:49am
Quoting ForexGoose
EUR will end up at 1.13 after a surprise NFP. I sold from 1.146 and put a stop above 1.152.
at least 1.1390-80today..
  • #1,209,583
  • Feb 4, 2022 8:00am Feb 4, 2022 8:00am
USD is in the process of a pullback. We may see a retest of the supply zone, as displayed on the image below. If this zone is breached, then it will be invalidated, and thus the chances of EURUSD going lower will increase.
Attached Image (click to enlarge)
Click to Enlarge Name: USD.png Size: 55 KB
Learn from your mistakes and march on.
  • #1,209,584
  • Feb 4, 2022 8:28am Feb 4, 2022 8:28am
It will be a grind as there is stuff to work through.
But early turning signs
Attached Image (click to enlarge)
Click to Enlarge Name: USDOLLARH4.png Size: 15 KB
Compulsions can be hard to resist
  • #1,209,585
  • Feb 4, 2022 8:33am Feb 4, 2022 8:33am
early signs from the Euro off resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 19 KB
Click to Enlarge Name: EURUSDDaily.png Size: 12 KB
Click to Enlarge Name: EURUSDH4.png Size: 14 KB
Compulsions can be hard to resist
  • #1,209,586
  • Feb 4, 2022 8:37am Feb 4, 2022 8:37am
Quoting here2there
The supply zone on the Daily has been breached. Even if by a pip, it is enough to invalidate it. This means it is more likely we will see higher prices on EURUSD in the coming days, or weeks. Now it is a question of how deep the pullback will be. On the other hand, it could all fall apart, and bears could regain control, sending EURUSD back down to the basement. Though this seems unlikely, I don't rule out the possibility. Time will tell. {image}
When price breached 1189 by over 30 pips and hit 1151 people expected it to keep dumping. The one pip breach of 1483 is not enough to decide higher prices. Higher prices may come because EURUSD it appears price is actually cycling up instead of down. If price goes down 1.1330 is enough for bears. Anything below that I would be wary.
  • #1,209,587
  • Feb 4, 2022 8:38am Feb 4, 2022 8:38am
Quoting ForexGoose
https://www.fxstreet.com/news/nfp-do...s-202202031656 {quote} 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. {image} {image}
looks like another bull trap for EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2022-02-04_09-38-15.png Size: 123 KB
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,588
  • Feb 4, 2022 8:45am Feb 4, 2022 8:45am
Forecasts | ING Think


EUR/USD: A new range after the ECB meeting | Article | ING Think

https://tradingeconomics.com/euro-area/interest-rate


Back to 1.13, we will see in March.2022 if this pushes higher or lower. Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 39 KB
  • #1,209,589
  • Feb 4, 2022 9:04am Feb 4, 2022 9:04am
the ECB balance sheet shows a problem

https://tradingeconomics.com/euro-ar...-balance-sheet

the market expects a rate hike and EUR rallies when many of the EU zone countries are in trouble

the market pushes EUR higher only because of large speculators
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,590
  • Feb 4, 2022 9:57am Feb 4, 2022 9:57am
Quoting ForexGoose
the ECB balance sheet shows a problem https://tradingeconomics.com/euro-ar...-balance-sheet the market expects a rate hike and EUR rallies when many of the EU zone countries are in trouble the market pushes EUR higher only because of large speculators
It's supply and demand.
Learn from your mistakes and march on.
  • #1,209,591
  • Feb 4, 2022 9:59am Feb 4, 2022 9:59am
if eursd can hit daily resistance of 1.15, ill be shorting from there, right now its in no mans land for me, for the day anyway
  • #1,209,592
  • Feb 4, 2022 10:03am Feb 4, 2022 10:03am
Quoting Mitiblotch
{quote} When price breached 1189 by over 30 pips and hit 1151 people expected it to keep dumping. The one pip breach of 1483 is not enough to decide higher prices. Higher prices may come because EURUSD it appears price is actually cycling up instead of down. If price goes down 1.1330 is enough for bears. Anything below that I would be wary.
It's supply and demand. Price does not move by chance. It's orchestrated. Knowing how to find supply and demand zones is key to locating the most probable turning points, and forecasting the likeliest outcomes. You should notice I don't speak in absolutes when it comes to this stuff. A supply/demand zone breach suggests invalidation. When this occurs, it's time to look for the next zone, utilizing price action patterns for direction.
Learn from your mistakes and march on.
  • #1,209,593
  • Feb 4, 2022 10:44am Feb 4, 2022 10:44am
Took two small sells on this last night. Both went very profitable after NFP hit. Both retraced and I got out at half-profit. Oh well. Usually I would never trade NFP day, but this was just for fun.
  • #1,209,594
  • Edited 11:48am Feb 4, 2022 11:20am | Edited 11:48am
Hi everybody! I've been around, but not talking much...
So, I took a sell at 1.14492. TP = 1.14208. For 28.4 pips.
What are the chances of my TP getting hit today yet before the next shot up?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-02-04-12-14-22.png Size: 96 KB


Edit:
It looks like the top is in. I changed my TP to 1.13500 for 99.2 pips. What are the chances of it getting hit??
Will probably have to hold until Monday or Tuesday....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-02-04-12-42-50.png Size: 93 KB
You cannot fail if you never give up.
  • #1,209,595
  • Feb 4, 2022 11:56am Feb 4, 2022 11:56am
It is testing 1.1480. Do you think it will finally break out above that resistance?
  • #1,209,596
  • Feb 4, 2022 12:08pm Feb 4, 2022 12:08pm
Quoting james1254
It is testing 1.1480. Do you think it will finally break out above that resistance?
i doubt it
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,209,597
  • Feb 4, 2022 12:21pm Feb 4, 2022 12:21pm
Quoting james1254
It is testing 1.1480. Do you think it will finally break out above that resistance?
If it does break out, it probably won't start until end of next week from low-mid 1.13s, rallying until end of February...
Possibly touch 1.17...
March - April - early summer could see a retest of the lows around 1.13, then on down to 1.11, 1.10, even 1.06, and finally 1.00 if we do see a complete unraveling of the stock market and world economy as forecasted....
You cannot fail if you never give up.
  • #1,209,598
  • Feb 4, 2022 12:24pm Feb 4, 2022 12:24pm
Bulls are too strong for bears. It's more probable now that we will see higher prices in the coming days. Anything can happen, of course. But based on current price action, bears have lost control.
Learn from your mistakes and march on.
  • #1,209,599
  • Feb 4, 2022 12:29pm Feb 4, 2022 12:29pm
Quoting here2there
Bulls are too strong for bears. It's more probable now that we will see higher prices in the coming days. Anything can happen, of course. But based on current price action, bears have lost control.
What tell you that bulls are now strongest than bears? Just courius, no trolling
People don't plan to lose. They lose because they don't plan.
  • #1,209,600
  • Feb 4, 2022 12:35pm Feb 4, 2022 12:35pm
Quoting ScalaFX
{quote} What tell you that bulls are now strongest than bears? Just courius, no trolling
EURUSD Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 50 KB
Learn from your mistakes and march on.
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