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EURUSD only

Quoting sulai45
The bears will try; {image} {image}
the bears or the bulls?
Quoting glorioso1973
{quote} the bears or the bulls?
i wonder too.. the bulls are supposed to be the ones trying to buy before the fed drop the bomb of 75bp today
Quoting glorioso1973
{quote} the bears or the bulls?
The bears, for E/U, because of the retest candle, of what the Russian President said. Until then, all eyes are on FOMC.
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The bears are trying, for now;
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Wednesday, FOMC aka Powell's day.

It's been a week since I last traded. Back from my travel, and nothing has changed. Range bound.
Saw too much fireworks and popularity contest this morning, decided to skip and not participate, so to not add fuel to fire.

EURUSD price wise, we're in a long term consolidation. Short term accumulation (18 Aug to 13 Sep) had completed.
Medium term accumulation (since 11 Aug, from 1.036) is still in progress.
Asian session volume had returned to 80% pre-Japan intervention scares.

FOMC: expected 75 bps hike. If 1% hike realises, market will buy USD. 75 bps or 50 bps hike both will be met with USD selling pressure.

Really, nothing new on the geo-political front. Always the same show, the same actor *threatening* to do something, other sides fire warnings, escalate then diffuse tensions. It's becoming an international pastime now.

Either way, Europe needs USD for trade, and they need it cheaply. US doesn't intervene in FX market. But, there's always this "swap" club members doing tricks behind the scene. Worse comes to worse, if USD becomes so overvalued, that certain countries on the brink of sovereign default, they'll just bail them out, devaluing the dollar. Even before that, any headlines on job layoff into October will be sufficient to stop further advances on DXY.

No expectation really. Except that everytime this Euro depreciates, just another buying "cheaply" opportunity for me. Accumulating.

Best,
Cat
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Quoting cchin
Wednesday, FOMC aka Powell's day. It's been a week since I last traded. Back from my travel, and nothing has changed. Range bound. Saw too much fireworks and popularity contest this morning, decided to skip and not participate, so to not add fuel to fire. EURUSD price wise, we're in a long term consolidation. Short term accumulation (18 Aug to 13 Sep) had completed. Medium term accumulation (since 11 Aug, from 1.036) is still in progress. Asian session volume had returned to 80% pre-Japan intervention scares. FOMC: expected 75 bps hike. If 1% hike...
Lol you sure? It might make sense to admit mistake and move on
Patience, Emotion Control and Discipline.
Quoting kennedysila
{quote} i wonder too.. the bulls are supposed to be the ones trying to buy before the fed drop the bomb of 75bp today
what is 75 bp?
Last chance to enter polar express at station 0.9907...
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Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 31.0%
Quoting Ata-Turkoglu
Last chance to enter polar express at station 0.9907...
Have actually reloaded some longs at 9911, let see if it plays out. Green pips ata
Patience, Emotion Control and Discipline.
Quoting andvk74
As expected on the DAILY. Closed all shorts for now. Today should be VERY interesting day! GREEN PIPS TO ALL!!!!! {image}
Hi,
another 3-1 at the low now on h4? Do you wait for a confirmation candle?

Best
Chriss
EU is softening sanctions for animal feed, coal and wood, fertiliser, cement e.t.c for "3rd world" countries to aleviate their pain. Of course some of that will find its way to EU and US via these 3rd countries. Business as usual....

https://finance.ec.europa.eu/system/...d-goods_en.pdf
Quoting johncen
{quote} Have actually reloaded some longs at 9911, let see if it plays out. Green pips ata
My earlier long @ 9899 got stopped out @ be damn. Let see if bull holds for daily s2.
Patience, Emotion Control and Discipline.
Looks like whoever sold on that down bar is still selling.
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Quoting Ata-Turkoglu
Last chance to enter polar express at station 0.9907... {image}
Dear
To the north or to the south ????
Quoting T4Trade
{quote} what is 75 bp?
75 base points = 0.75%
Fed's three-quarters of a point hike due, but forecast is top focus (cnbc.com)
Blank and Empty
Quoting Hamzalolo
{quote} Dear To the north or to the south ????
I said too much already... those who know my previous sharings will know...

*Since I wrote "polar express", those who read the novel will know...
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 31.0%
Quoting johncen
{quote} My earlier long @ 9899 got stopped out @ be damn. Let see if bull holds for daily s2.
S2 defended for now. Let see if we closed above 9937 we might see 9955-60 or even higher before FOMC
Patience, Emotion Control and Discipline.
so no happy with b target at 9883 , better previous low and bear continue 9818 to bounce , waiting for . take care
breakout level 9897.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting GiveMeYours
Lets see what this week will do.. -The market broke structure and created a higher high.. -Liquidity and a imbalance below current price.. Option 1: a 60 pip sell of before going up. Option 2: bulls take full control and will push price to the imbalance above the current price. Option 3: DXY bullish, EURUSD bearish till 0.98800. Be aware that below parity there are still prices to retest so in my opinion we still need to go below 1.000 before going up bigtime. Be carefull buying above 1.0135. DXY showing a retail...

The market chosen option 3. As always, having a backup plan is the only way to keep emotions in control..

Now, marketupdate: 0.98800 area is tested so my plan is to prepare myself for a big bullish move. Big as in 270 pips at least.
The next couple hours and the next 2 days can give us some nice price action
New imbalances are created and need to be filled, DXY still going rocketmode.. But will

Trade safe
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Think in number 9
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