EURUSD

SL at BE . . .

https://www.forexfactory.com/news/1174673-ecbs-panetta-says-we-may-have-to-adjust#post14110238
That is why the weakening of Euro is needed by ECB and Fed with a heavy heart forced to accept

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This price movement does not look good for the bulls!!!

I fear that a huge drop for EUR is incoming ...

nailed it.

should stop going up at around 1.00611 or 1.01251

What to do buy or sell ?

SL not hit for 1.5 pips . . . . .

Wait ...

You decide after price reaches the 50% Fib retracement (0.99657) and watch what it will do from there. If it goes up - you buy, if it goes down, you sell...

Edit: most probably it will fall further because if it wanted to go up, it would have been a lot higher!

The trade

forgetting shorter time frame analysis, how far do you guys think it can still fall? is there a theoretical value it shouldn't go any further? until the Russian war/gas thing is solved?

Double top?

Neither - I quit my positions before US open. So much for 'strategy'

No one is here for your advertising.

Reported to the mods, i do that to all salesmen here. Nothing personal

I lifted my SL to 64 . I will not tolerate any drifting lower. . . . . .

you went long? i did too, i'm still green as i entered a bit ago. I was right about some upwards action today but honestly i still expect more (at the very least 1.00571), it was been like a swiss clock hitting the previous low and bouncing up a bit, but of course with this pair it's always uncertain to go long.

happy pips.

SL hit.................. Grabed my 52 pips and running for the Bank . . . . >>> FLAT.

yesterday, 2 attempts to test parity level 1.00 in price manipulation drama during PMI, but the market 2 times rejected the price moving above level 1.0 .... bearish continuation with wave 5 tf h4 (wave 5 = min wave 1,if wave 3 is not reach 161.8% wave 1 then wave 5 = 161.8% wave 1), after wave 5 complete .... be carefull ... market can pump to 1.05

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recent time

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_______TGX___time.ex4   11 KB | 183 downloads

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Purchasing Managers' Index or PMI is an economic indicator created by conducting a survey of a number of Purchasing Managers in various business sectors. The high PMI index number shows the optimism of the business sector players towards the future economic prospects. The index that investors and analysts pay the most attention to is for the manufacturing sector called the Manufacturing PMI index; and the services sector, which is called the Services PMI index.

The Manufacturing PMI index is calculated based on the results of several surveys which are compiled into a number depending on one possible answer for each question asked. Questions and answers may differ for each survey institution, but the main questions for the manufacturing sector are: Number of new orders (new orders) Production output (factory output) Number of employees (employment) Delivery times from suppliers of materials (suppliers' delivery) time) Availability of purchased production support goods (stocks of purchases) The general answer is: there is an improvement or no change. The formula for calculating the Manufacturing PMI index is determined from the weight of each question, then multiplied by 1.0 for improvement answers, 0.5 for no change and 0 for deterioration or deterioration. If the final result is an index number above 50.0 indicates expansion of the manufacturing sector, while a reading below 50.0 indicates a contraction or decline in manufacturing sector output.

USD PMI rilis in 15 minutes always leaks before rilis in FF ..... this data not very urgent/important

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every market doing price manipulation there are several goals:
1. make volatility/liquidity
2. stop hunting
4. affect the emotions/psychology of market participants
3. take profit (tier 2)

because trend still downtrend tf monthly (central bank trend ECB and FED, larger institution and big banks.... they have built a trend with very big money ... of course they will control the market so that their investment is safe ... those who have a market ... not retail or tier 2)

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this week is the last week of the this month ... big banks will set the price close of monthly candle

My take profit caused that short-term bottom and the session trend to stall.

In a way I wish I had held a bit longer but 25 pips was enough for the session.

I am creating a market for you guys and you don't even know it. The fx market is not as big as you think.

How many of you have accounts with brokers and can do this..I suspect not very many. There's a bad side to this too. I've demonstrated this plenty of times to forexfactory if you've ever seen me discussing this.

Forex is much more than you people realize and you need to know this.

the weak US numbers yesterday could not help to lift the Euro up....only for a short run.

So, I guess towards the weekend we will see another decline to 0,985

of course they still do


cheers,