{quote} In my opinion, this issue has now reversed and from now on, every dip is a buying opportunity
- #155,063
- Aug 23, 2022 11:10am Aug 23, 2022 11:10am
- Joined May 2014 | Status: Full Time Trader | 27,294 Posts
{quote} In my opinion, this issue has now reversed and from now on, every dip is a buying opportunity
Overall, I expect the wave 5 down to end somewhere around Mid Fib. Extension Area: 0.9828... Just a ballpark guess!
Best wishes
Focus only on what truly matters!
- #155,064
- Aug 23, 2022 11:14am Aug 23, 2022 11:14am
- Joined Sep 2018 | Status: Trader Man | 2,124 Posts
"No pain no gain"
- #155,068
- Aug 23, 2022 2:00pm Aug 23, 2022 2:00pm
- Joined Mar 2008 | Status: Name real with real own way | 23,416 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #155,069
- Edited 5:58pm Aug 23, 2022 3:01pm | Edited 5:58pm
{quote} ... We are below parity which means 1 Dollar is worth more than a Euro. This is the first time in 20 years that this has happened, I simply cannot see this as sustainable... {image}
Just let the relevant news sink in. Beside the War, - German Gov sees no meaningful reason to turn back on even ONE of their shut in Nuclear Reactors - European corn yields (in particular Hungarian and German) expected to plunge amid worst drought in 500 years – Swiss Police Chief calls on citizen to stack up wood and candles for the winter (wow,
we didn’t have that since WW2) – and so on…Mind having a few minutes spare listen to Luongo?
Inserted Video
Even if he is only half right that the American commercial banking cartel is at war with “European Clan” incl. WEF where do you think the EUR could go? …0.8?... 0.75?... 0.7? The cards are not bad for the American commercial banking cartel (aka Jamie Dimon club). It looks like a perfect storm for Europe. No Energy, no Food, political disarray…
The FED will go on hiking rates whereas Christine will be stuck by 0% because if she goes anything beyond all will fall apart… and the people will dust off the pitchforks from grandfather’s garden tool shelter. Look at the Dutch Farmer protests. The protesters even rolled on with an WW2 tank
uups.It seems the Americans see this as an opportunity to get off of the EuroDollar LIBOR shackles. By animating the European politicians to run against Russia it is like convincing someone to go ahead with an economical suicide - while in the same moment in their back the ones (that push Europe to do that) are raising their rates and so animating Europe’s capital to flee over to them (US).
What I see we are just at the beginning of the mad world - and under this condition I see the EUR at parity as greatly overvalued.
Lets see whats gonne happen..
-Option 1: Price take out liquidity at the high @ 1.0018/1.0021, fills the imbalance and retrace back to the 0.9959/0.9931 imbalance area
-Option 2: Price fills the imbalance 0.9959/0.9931 first, take the liquidity @ the lows and shoots up
We will see what they are up to..
Trade safe
-Option 1: Price take out liquidity at the high @ 1.0018/1.0021, fills the imbalance and retrace back to the 0.9959/0.9931 imbalance area
-Option 2: Price fills the imbalance 0.9959/0.9931 first, take the liquidity @ the lows and shoots up
We will see what they are up to..
Trade safe
Think in number 9
- #155,071
- Aug 23, 2022 3:27pm Aug 23, 2022 3:27pm
- Joined Mar 2008 | Status: Name real with real own way | 23,416 Posts
{quote} With a quick glance at my DAILY wave count, I think you are partially right, since I am too expecting a wave 4 up! But it might not be that long lasting as we would expect. Therefore: just be careful with longs the closer price gets to 1.0077 area! Overall, I expect the wave 5 down to end somewhere around Mid Fib. Extension Area: 0.9828... Just a ballpark guess! Best wishes
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #155,072
- Aug 23, 2022 4:23pm Aug 23, 2022 4:23pm
- Joined Jul 2007 | Status: Trader | 3,577 Posts
where this thing going ladies & gents?
But seriously it depends on your trading style - day, days, weeks, months?
Personally day-to-day I could care less. In the past when I would wake up I would ask myself is this a bear or bull day. When I initially look at my charts I look at the daily and see how much of the ADR is left for the NY session. Trading off of daily charts gives a different perspective than trading off 15/5/2 minute charts.
For example I "believe" that most people would say that EUR is in a bear market. So it opened today at 0.9941. Now if you are bearish and sold at the NY open you were shizzz out of luck and would most likely have been stopped out.
BUT
If you waited until 10:00 and shorted you could have made some pips.
BUT
If you are bullish and you saw that EU hit the 1.00 mark and bought
What am I trying to say? Predictions are nice and good but frankly they don't help me trade. I don't care which direction the market moves I just want VOLATILITY.
2ndly I don't want to pick the top or bottom - too risky. Let the market (PA) confirm the move for you. Sure you lose 10-20 pips but take today for an example. If you waited until 9:40 to go long you would have made 40 pips in a bear market!!!
Just some food for thought
...because you never know - until you do!
- #155,073
- Aug 23, 2022 6:03pm Aug 23, 2022 6:03pm
- Joined Sep 2018 | Status: Trader Man | 2,124 Posts
Corrected price 50%
"No pain no gain"
- #155,074
- Aug 23, 2022 7:27pm Aug 23, 2022 7:27pm
- Joined Dec 2019 | Status: Going with the flow | 2,033 Posts
Back from a long weekend off and... wowWe are back under 1.000... epic! OK then, today I watch zone 0.9999 / 1.0008 for action
Emotional Control. Process, not outcome.
- #155,075
- Aug 23, 2022 8:03pm Aug 23, 2022 8:03pm
- Joined Jul 2022 | Status: Trader | 1,412 Posts | Online Now
Lets see whats gonne happen.. -Option 1: Price take out liquidity at the high @ 1.0018/1.0021, fills the imbalance and retrace back to the 0.9959/0.9931 imbalance area -Option 2: Price fills the imbalance 0.9959/0.9931 first, take the liquidity @ the lows and shoots up We will see what they are up to.. Trade safe
thank you very much
- #155,076
- Aug 23, 2022 11:26pm Aug 23, 2022 11:26pm
- Joined Jul 2011 | Status: Trader | 3,185 Posts
Holy Betting Grail strategy
- #155,077
- Aug 23, 2022 11:31pm Aug 23, 2022 11:31pm
- Joined Mar 2008 | Status: Name real with real own way | 23,416 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #155,079
- Aug 24, 2022 12:07am Aug 24, 2022 12:07am
- Joined Jun 2020 | Status: Trader | 1,175 Posts
According to Bloomberg, the likelihood of a Fed rate hike at its next meeting in September is back to 70% even as inflation slows. {image}
The likelihood of a rate hike is 100% a.s. Bloomberg refers to the likelihood of a 75 BP hike. The alternative would be a 50 BP hike.
Another day, another dollar.
