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  • #1,219,221
  • Oct 5, 2022 3:38am Oct 5, 2022 3:38am
Looking for a bounce nearer the upper bound (around parity) before buying a put.
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  • #1,219,222
  • Oct 5, 2022 3:41am Oct 5, 2022 3:41am
Quoting NrSLionHeart
{quote} There is a "fundamental" reason to go to parity or over it: EU's main problem is that they need to buy energy from the open market. Low EUR = high prices = riots. Last year in Oct we had 1.16 and now we had 0.96 - so a 20% fall. Do you think that EU economy fell 20% in 1 year? So the market was either wrong then, or it is wrong now, or it was both wrong then and now ... I stopped a long time ago to care about "fundamentals", as you can see there is nothing "fundamental" in what is happening.


'Fundamentally', we need more 'fuel for the fire' in order to go short again. The Euro can't just go straight down to zero. And you're right, the governments will intervene to prevent the Euro becoming totally worthless, unless it is in America's interest for this to happen.
  • #1,219,223
  • Oct 5, 2022 3:46am Oct 5, 2022 3:46am
You'll always be on the losing side if you try to fight the trend, if it changes then you change too, but don't go against it. The trend is down, it's that simple
  • #1,219,224
  • Oct 5, 2022 3:46am Oct 5, 2022 3:46am
Quoting JauntyLoon
{quote} 'Fundamentally', we need more 'fuel for the fire' in order to go short again. The Euro can't just go straight down to zero. And you're right, the governments will intervene to prevent the Euro becoming totally worthless, unless it is in America's interest for this to happen.
You have it backwards, we need a catalyst to continue higher. Intervention would be a catalyst to continue higher.
  • #1,219,225
  • Oct 5, 2022 4:35am Oct 5, 2022 4:35am
Quoting investing101
{quote} You have it backwards, we need a catalyst to continue higher. Intervention would be a catalyst to continue higher.
You make a great a point, and further signs that the American economy is starting to slow, especially if reflected in the all-important NFP report, could also be that catalyst. If Friday's US jobs data is below forecast, it will likely fuel speculation of a possible Fed pivot, potentially helping EUR/USD break back above parity as the Dollar continues to ease.

However, all trading carries risk, and with the Eurozone's economic outlook remaining weak, a strong NFP print could spark a sharp reversal in the moves we've seen over the last few days.
  • #1,219,226
  • Oct 5, 2022 5:36am Oct 5, 2022 5:36am
hi everyone , are we getting another chance to go short ???
i feel FOMO ... :/
i expect another move to the falling resistance
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  • #1,219,227
  • Oct 5, 2022 6:44am Oct 5, 2022 6:44am
Quoting fxpider
High volume/activity above QUARTER level during the end of NY (yesterday) which continued in the ASIA session today. Is the big sell-off coming? GU and AU doing the same.
The big boys' intentions are crystal clear now. Almost 100 pips drop.
Success = Practice + Patience + Persistence
  • #1,219,228
  • Oct 5, 2022 6:47am Oct 5, 2022 6:47am
Quoting Formonix
dont understand why ppl shorting
do you understand now?
  • #1,219,229
  • Oct 5, 2022 7:25am Oct 5, 2022 7:25am
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SL at BE. Trade safe. . . .

  • #1,219,230
  • Oct 5, 2022 7:30am Oct 5, 2022 7:30am
my outlook
R
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Trendlines H1,H4, SMC
  • #1,219,231
  • Oct 5, 2022 8:43am Oct 5, 2022 8:43am
this pair has gone insane, it went to quick up and now it's doing the same down.
  • #1,219,232
  • Oct 5, 2022 8:47am Oct 5, 2022 8:47am
Quoting Polimini
this pair has gone insane, it went to quick up and now it's doing the same down.
Isn't that what prices do?

Don't bother trying to make sense of these moves - just stand aside or profit.

It may not make sense now but you CAN make money now!
...because you never know - until you do!
  • #1,219,233
  • Oct 5, 2022 9:01am Oct 5, 2022 9:01am
Quoting fxsport
{quote} Isn't that what prices do? Don't bother trying to make sense of these moves - just stand aside or profit. It may not make sense now but you CAN make money now!
absolutely true, but you know what i mean, you're use to some choppiness that this market feels unreal
  • #1,219,234
  • Oct 5, 2022 9:03am Oct 5, 2022 9:03am
I survived!

Still has losses to recover but I think I can charge that to experience for now...
"No trade is still a trade." - Peter Borish
  • #1,219,235
  • Oct 5, 2022 9:07am Oct 5, 2022 9:07am
support
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Trendlines H1,H4, SMC
  • #1,219,236
  • Oct 5, 2022 12:26pm Oct 5, 2022 12:26pm
going for a double top maybe?!
  • #1,219,237
  • Oct 5, 2022 9:44pm Oct 5, 2022 9:44pm
Quoting Lbrto
I survived! Still has losses to recover but I think I can charge that to experience for now...
And!... Lost part of it again.
"No trade is still a trade." - Peter Borish
  • #1,219,238
  • Oct 5, 2022 11:38pm Oct 5, 2022 11:38pm
Beautifully rested on the resistance of 1.0000. I wonder if it will rise higher or is it already a psychological level.
  • #1,219,239
  • Oct 6, 2022 1:14am Oct 6, 2022 1:14am
Selling EU all the way till 9503
PaRaM
  • #1,219,240
  • Oct 6, 2022 1:35am Oct 6, 2022 1:35am
Quoting pgidia
Selling EU all the way till 9503
Yesterday confirmed no FED pivot and higher interest rate and OPEC wants higher oil prices. Bad for the EURO.
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