Hope some of you guys enjoyed the drop? 
- #151,842
- Jul 14, 2022 11:24am Jul 14, 2022 11:24am
- Joined May 2021 | Status: Trader | 7,225 Posts
{quote} All net at profit now but I'm holding too target
cheers
People don't plan to lose. They lose because they don't plan.
- #151,843
- Jul 14, 2022 12:39pm Jul 14, 2022 12:39pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #151,844
- Jul 14, 2022 1:10pm Jul 14, 2022 1:10pm
- Joined Sep 2017 | Status: Trader | 11,251 Posts | Online Now
- #151,845
- Jul 14, 2022 1:20pm Jul 14, 2022 1:20pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #151,847
- Jul 14, 2022 1:36pm Jul 14, 2022 1:36pm
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
Meanwhile, on H1...
- Just to give you a different perspective, I am thinking that price needs to break out of this wedge we are in...
- Additionally, I believe, this sell-off is (or will stay) related with the ellipse curve on chart: 0.9934 area,
- I am not saying that price will 100% touch the bottom curve, but IF it does, I am okay with it... The possibility that price might break out way earlier than expected is also something to consider... (1.0038 would be earliest break out level falling right at Friday's Frankfurt opening hours)
- Long story short: just like any other narrowing channel, this falling wedge will eventually end with a break out and until then we must assume that bears will force price lower as much as they can!
- *The scribbling on my chart is just a random thought...
I hope it helps 
Focus only on what truly matters!
Meanwhile, on H1... Just to give you a different perspective, I am thinking that price needs to break out of this wedge we are in... Additionally, I believe, this sell-off is (or will stay) related with the ellipse curve on chart: 0.9934 area, I am not saying that price will 100% touch the bottom curve, but IF it does, I am okay with it... The possibility that price might break out way earlier than expected is also something to consider... (1.0038 would be earliest break out level falling right at Friday's Frankfurt opening hours) Long story short:...
They will not stop until these bears make us old
this plan can be completed within Friday and Monday.
Half of the time, the market is building resistance and support levels, and
- #151,851
- Jul 14, 2022 3:31pm Jul 14, 2022 3:31pm
- Joined Apr 2011 | Status: Liverpool's KOP | 8,021 Posts
Patience, Emotion Control and Discipline.
- #151,854
- Jul 14, 2022 10:16pm Jul 14, 2022 10:16pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Morning all ! Just a quick pop by to say hi!Boy yesterdays Daily gave us a nice hammer drowned in couple days' shadows, something hot is brewing! hope its just some nice espresso 
Thank you mate!!! I thought it was around that also. Mine is in the .04 for now, but things can change fast ! Indecision now for me, so not adding any more shorts. Got my couple wins yesterday Asia special, but holding most in case down pressure is sustained in this way 
.
Big BIg news today folks. I might just scalp a bit before and after each, happy trading !
{quote} By a good correction, I mean a pullback for the daily chart on the fibo grid of at least 23.6% to the 1.0500 area.
.Big BIg news today folks. I might just scalp a bit before and after each, happy trading !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #151,855
- Jul 14, 2022 10:54pm Jul 14, 2022 10:54pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,436 Posts
Good morning. With lot going on the fundamental scene of EU - a new story: resignation of Draghi in Italy and Friday I am afraid that EU will spike up - chances are bigger from yesterday.
FED has pured some cold water in 1.00% rise and ECB is going to meet next week posibly for 0.25% rise, but lots of talks that it is going to raise another 0.25% are on the wires. Also I expect to see its new bond program.
So, we may see some profit taking from the bears and the price above 1.0100.
From the other EU is bearish and it can drop to yesterdays lows again, but it needs to break 0.9984 support first, if 1.0011 doesn't support a small drop from here, or from the upper range at around 1.0051.
A break of the last (1.0051) should bring higher prices; only if, bulls want to follow then, 1.0098 should come sweet.
In the US Retail sales is the main event and the calendar forecasts a better view.
FED has pured some cold water in 1.00% rise and ECB is going to meet next week posibly for 0.25% rise, but lots of talks that it is going to raise another 0.25% are on the wires. Also I expect to see its new bond program.
So, we may see some profit taking from the bears and the price above 1.0100.
From the other EU is bearish and it can drop to yesterdays lows again, but it needs to break 0.9984 support first, if 1.0011 doesn't support a small drop from here, or from the upper range at around 1.0051.
A break of the last (1.0051) should bring higher prices; only if, bulls want to follow then, 1.0098 should come sweet.
In the US Retail sales is the main event and the calendar forecasts a better view.
Looking for profitable short term trades ...|
- #151,856
- Jul 14, 2022 11:09pm Jul 14, 2022 11:09pm
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
For today, I will keep it very simple:
- For a chance of reversal, bulls must first and foremost try to stay above 1.0012,
- If that fails, they must try to stay at least above 0.9959...
- If bulls fail that, then what is left is 0.9934 and 0.9915...
That's all
Focus only on what truly matters!
- #151,857
- Jul 14, 2022 11:10pm Jul 14, 2022 11:10pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
We are in amazing times. 20 years ago, people were not trading "parity" from their phones. You had to have a "PC"Even though I lost today, I'm still so happy to watch the price action (AKA the humans). This is the best job in the world. Manage the risk gang... night night
Fellow traders. I remember end of 2014-2015 like it was yesterday. This fall looks significant and it is, of course, but I just want to point out what we all already know : this slope's angle could get worse. Those steep hills are a real skier's dream ! until there is an avalanche
The very few avalanche survivors are the ones that were already far ahead of it AND that, despite the panic, skied like never before, mad and flawlessly, as the crushing tons of ice and snow followed behind.
Let's not ponder about what happen
s to the others.We are traders, we not only survive avalanches, we crave and chase them, and we thrive.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #151,858
- Jul 14, 2022 11:48pm Jul 14, 2022 11:48pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #151,860
- Edited Jul 15, 2022 12:21am Jul 14, 2022 11:52pm | Edited Jul 15, 2022 12:21am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++