The Average Discount Everything
- #1,217,063
- Jul 11, 2022 8:41am Jul 11, 2022 8:41am
- Joined Jun 2013 | Status: enjoying life | 23,995 Posts
do not follow me 99.9999999% of times, rest you can lol
- #1,217,065
- Jul 11, 2022 8:55am Jul 11, 2022 8:55am
- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
- #1,217,069
- Jul 11, 2022 9:22am Jul 11, 2022 9:22am
- | Joined Jul 2021 | Status: Trader | 995 Posts
Always remember that TA makes everyone a genius in hindsight
I did sell a EUR/USD call after all, seems like it might work but still always the idea at the back of my head that we're going to get a violent corrective move at some point
I did sell a EUR/USD call after all, seems like it might work but still always the idea at the back of my head that we're going to get a violent corrective move at some point
- #1,217,070
- Jul 11, 2022 9:22am Jul 11, 2022 9:22am
- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
- #1,217,073
- Edited 10:45am Jul 11, 2022 9:40am | Edited 10:45am
- Joined Dec 2012 | Status: Trader | 4,735 Posts
Eliminate Stress, Control Emotion, Keep Calm, Patience, Discipline and Consistent.
Buyer better buy at 0.99048, if possible. but trend in tf weekly / tf monthly HAS BEEN VALID DOWN TREND.
Buyer better buy at 0.99048, if possible. but trend in tf weekly / tf monthly HAS BEEN VALID DOWN TREND.
The Average Discount Everything
- #1,217,074
- Jul 11, 2022 10:51am Jul 11, 2022 10:51am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,563 Posts
In the Daily chart the trend is down and even with this long bullish pinbar I still don't think that the bulls have many chances yet. We should see more price action above and a close above Thursdays high, so we can see a move to S1 level (see Daily chart). {image} On 4H chart the price is ranging, but its bearish too and only a rise above 0222 will open the road to new highs above 0250 where the new Weekly pivot is standing. {image} In the calendar the US CPI number is the key for this weeks continuation of the bearish trend, but we may experience...
Nothing can keep a falling EURUSD as it penetrated both 1.0113 supply and 1.0073 support levels with ease, because of risk aversion and a strong Dollar.
The drop could continue down to parity (1.0000), but we should watch for a close above 1.0073 Fridays low on Daily basis. If we see it then, the downtrend may stop and the price will consolidate below 1.0192/1.0222. resistance levels.
I don't see yet what fundamental could stop its drop, except if, bears stop selling, or ECB intervine somehow.
Hope you are having green pips.
Looking for profitable short term trades ...|
- #1,217,075
- Jul 11, 2022 11:36am Jul 11, 2022 11:36am
- Joined Aug 2016 | Status: Trader | 10,445 Posts | Online Now
{quote} Weekend chart update. Nothing can keep a falling EURUSD as it penetrated both 1.0113 supply and 1.0073 support levels with ease, because of risk aversion and a strong Dollar. The drop could continue down to parity (1.0000), but we should watch for a close above 1.0073 Fridays low on Daily basis. If we see it then, the downtrend may stop and the price will consolidate below 1.0192/1.0222. resistance levels. I don't see yet what fundamental could stop its drop, except if, bears stop selling, or ECB intervine somehow. Hope you are having green...
But intervention is a tool and weapon to frighten the bears and make their lifes risky. ECB will use it.
Be cautious.
- #1,217,076
- Jul 11, 2022 11:46am Jul 11, 2022 11:46am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,563 Posts
{quote} Yes man ....Fundamentals are decidedly ugly. market is taking seriously the possibility of total Gas cut off by Putin if they keep pissing him. Industrial Europe will be destroyed. People will die out of famine and COLD. Jobless. But intervention is a tool and weapon to frighten the bears and make their lifes risky. ECB will use it. Be cautious.
Looking for profitable short term trades ...|
- #1,217,077
- Jul 11, 2022 2:45pm Jul 11, 2022 2:45pm
- | Joined Jul 2021 | Status: Trader | 995 Posts
{quote} Yes man ....Fundamentals are decidedly ugly. market is taking seriously the possibility of total Gas cut off by Putin if they keep pissing him. Industrial Europe will be destroyed. People will die out of famine and COLD. Jobless.
BUT! At least they will have done their part in upholding the principles of liberal democracy
- #1,217,078
- Jul 11, 2022 5:42pm Jul 11, 2022 5:42pm
- | Joined Jul 2021 | Status: Trader | 995 Posts
Parity as soon as tomorrow morning? 
- #1,217,079
- Jul 11, 2022 8:25pm Jul 11, 2022 8:25pm
- Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts
Parity as soon as tomorrow morning?
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
- #1,217,080
- Edited Jul 12, 2022 12:13am Jul 11, 2022 9:23pm | Edited Jul 12, 2022 12:13am
- Joined Dec 2012 | Status: Trader | 4,735 Posts
recap
today EURUSD will be below the parity level ....... BTCUSD is also finally going to 0 .... URAAAAAA ... Putin Crying
Don't play with small tf, when down trend is in tf monthly above
when interpreted to a logic market, accumulation - markup - market participation - distribution, then sanku = identical to markup.
when interpreted to a logic market, distribution - markdown - market participation - accumulation, then sanku = identical to markdown
today EURUSD will be below the parity level ....... BTCUSD is also finally going to 0 .... URAAAAAA ... Putin Crying
Don't play with small tf, when down trend is in tf monthly above
when interpreted to a logic market, accumulation - markup - market participation - distribution, then sanku = identical to markup.
when interpreted to a logic market, distribution - markdown - market participation - accumulation, then sanku = identical to markdown
The Average Discount Everything