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  • #151,341
  • Jul 8, 2022 5:33am Jul 8, 2022 5:33am
NFP too high
  • #151,342
  • Jul 8, 2022 5:34am Jul 8, 2022 5:34am
the NFP is not bad...so eurusd will making new low?
  • #151,343
  • Jul 8, 2022 5:45am Jul 8, 2022 5:45am
Quoting anilamil
the NFP is not bad...so eurusd will making new low?
I don't think so. With good data fears of recession may be out the window. Prices should stabilise.
  • #151,344
  • Jul 8, 2022 5:51am Jul 8, 2022 5:51am
Quoting anilamil
the NFP is not bad...so eurusd will making new low?
"Not Bad"? Please catch the trick:

The fresh number is actually worse than the previous number BUT the psychological trick that they made is to first pump false fear and that way lower expectations to 260K. Then, once real number comes out worse than previous because it is higher than the fear based fake number, it now feels as if it is a good number... (Of course there were no dirty deals with forecasters! Husssshhh!)

This is true fine art of manipulation One hell of a Jedi mind trick..

*Notice that websites like FF always print these in green to support the delusion of "positive feelings"....
Attached Image (click to enlarge)
Click to Enlarge Name: NFP.png Size: 2 KB
Focus only on what truly matters!
  • #151,345
  • Jul 8, 2022 5:53am Jul 8, 2022 5:53am
Quoting Mitiblotch
{quote} I don't think so. With good data fears of recession may be out the window. Prices should stabilise.
My man, bulls need to focus more on the better EU data than the US.

And recession in US, is more of voluntarily slowing the growth with external measures. Not because of bad economic conditions.

And for SL, yes it is taking bulls SL.

  • #151,346
  • Jul 8, 2022 6:07am Jul 8, 2022 6:07am
Just like before, it got out of their hands. That's what you get when you mix politics in the basket. I am ready for the recession hounds to get louder. I guess the Euro will be taking longer to hit parity. But you never know lol.
  • #151,347
  • Jul 8, 2022 6:08am Jul 8, 2022 6:08am
Quoting Ata-Turkoglu
{quote} "Not Bad"? Please catch the trick: The fresh number is actually worse than the previous number BUT the psychological trick that they made is to first pump false fear and that way lower expectations to 260K. Then, once real number comes out worse than previous because it is higher than the fear based fake number, it now feels as if it is a good number... (Of course there were no dirty deals with forecasters! Husssshhh!) This is true fine art of manipulation One hell of a Jedi mind trick.. *Notice that websites like FF always...
yes i noticed that one from 384k into 372k, they still put on green even NFP is reduced from 384k... and now this H1 closed as hanging candle....
  • #151,348
  • Jul 8, 2022 6:09am Jul 8, 2022 6:09am
Time is overdue for the rest of the pairs to start looking away from the DXY.....
  • #151,349
  • Jul 8, 2022 6:12am Jul 8, 2022 6:12am
Quoting parisboy
EURUSD 1 mn Target = 1,01702 +/- 0,001 {image}
Bingo ! 1,01690
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 86 KB
  • #151,350
  • Jul 8, 2022 6:13am Jul 8, 2022 6:13am
Quoting GreenJ
Just like before, it got out of their hands. That's what you get when you mix politics in the basket. I am ready for the recession hounds to get louder. I guess the Euro will be taking longer to hit parity. But you never know lol.
When they start singing those parity songs it's time to look out. I mentioned yesterday they'll stop just short of it and screech upwards. Almost 100 pips bounce from 1.0071 is a good sign. Price back in my wedge. The breakdown may have been fake. Let's see. I think by the end of today we'll have the clues we need.
  • #151,351
  • Jul 8, 2022 6:15am Jul 8, 2022 6:15am
Just thinking out loud: Is it time for a wave 4 now? Soon we will see..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D1-WaveCount.png Size: 18 KB
Focus only on what truly matters!
  • #151,352
  • Jul 8, 2022 6:24am Jul 8, 2022 6:24am
Quoting Ata-Turkoglu
Then, once real number comes out worse than previous because it is higher than the fear based fake number, it now feels as if it is a good number..
Agreed. They bumped their rookie numbers up. For multiple reasons. Partly political too, the administration cant take anymore negative hits right now either.
  • #151,353
  • Jul 8, 2022 6:34am Jul 8, 2022 6:34am
Quoting Ata-Turkoglu
Just thinking out loud: Is it time for a wave 4 now? Soon we will see.. {image}
Hi Ata,
we can see two lines there for wave4 , how about the "ratio" ot the lines ? just forget it ?
  • #151,354
  • Jul 8, 2022 6:35am Jul 8, 2022 6:35am
Quoting Ata-Turkoglu
Just thinking out loud: Is it time for a wave 4 now? Soon we will see.. {image}
Don't like that wave for my long position but I will ride it anyways lol.
  • #151,355
  • Jul 8, 2022 6:59am Jul 8, 2022 6:59am
Quoting newhope
{quote} Hi Ata, we can see two lines there for wave4 , how about the "ratio" ot the lines ? just forget it ?
The two curves reflect a zone.. the lowest that wave 4 could go: 1.0228... the highest: 1.0364.. anywhere between the curves it should go down again for wave 5.. No ratios since often they don't work anyway!

I hope it answers
Focus only on what truly matters!
  • #151,356
  • Jul 8, 2022 7:03am Jul 8, 2022 7:03am
Quoting I.Scorpion
{quote} Agreed. They bumped their rookie numbers up. For multiple reasons. Partly political too, the administration cant take anymore negative hits right now either.
Numbers might lie, but bicycles don't lie, no matter how much you jump afterwards! Got it?
Focus only on what truly matters!
  • #151,357
  • Jul 8, 2022 7:17am Jul 8, 2022 7:17am
Would like to see the bears, from here;
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  • #151,358
  • Jul 8, 2022 7:42am Jul 8, 2022 7:42am
From the looks of it, next week will be even more interesting for the euro (and others). The resistance levels you guys provided were on point. Thank you.
  • #151,359
  • Jul 8, 2022 7:43am Jul 8, 2022 7:43am
Bulls have to break my trendline
Attached Image (click to enlarge)
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  • #151,360
  • Jul 8, 2022 7:50am Jul 8, 2022 7:50am
Quoting Ata-Turkoglu
{quote} Numbers might lie, but bicycles don't lie, no matter how much you jump afterwards! Got it?
Hahahaha, true.
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