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EURUSD only

  • #161,741
  • Nov 24, 2022 6:00am Nov 24, 2022 6:00am
Quoting Js3mwtRc
{quote} We are still in the European session, my 15 minutes chart says the recent low is at 1.0383 and my 1 hour at 1.0382. This low now is significant for more downside to 1.0345. Todays pips travelled and the only thing left now is just sit and wait for the results of this small upmove.
How do you see the general trend?
  • #161,742
  • Nov 24, 2022 6:18am Nov 24, 2022 6:18am
Not much left until end of month and look at that mofu candle... Congrats to robber banks for pushing price up so strong without any logical reason.. I guess it was that pressure in their stinky bowels
Focus only on what truly matters!
  • #161,743
  • Nov 24, 2022 6:21am Nov 24, 2022 6:21am
Quoting Ata-Turkoglu
{quote} Sure but again: there is nothing to celebrate! Best wishes
I would argue there is a reason for celebration. As your ancestors from a nomadic Turkic tribe became full blown civilisation. Now thats an accomplishement worthy of a celebration. The same thing did the colonists. From outcasts and slaves of european monarchies they created something significant - the most powerfull country in the world, as Turks once were.

Peace
  • #161,744
  • Nov 24, 2022 6:21am Nov 24, 2022 6:21am
Quoting sboy.s63
{quote} How do you see the general trend?
Consolidation is the word. You can sell tops and buy bottoms in this case.
Looking for profitable short term trades ...|
  • #161,745
  • Nov 24, 2022 6:24am Nov 24, 2022 6:24am
Quoting Js3mwtRc
{quote} Consolidation is the word. You can sell tops and buy bottoms in this case.
I agree it will probably consolidate. Sidelines for me.
  • #161,746
  • Nov 24, 2022 6:29am Nov 24, 2022 6:29am
Based on H4, it still looks like bulls are collecting power for another push up.. But when? I don't know yet.. I go with the M30 rythm..

--> 1.0421 is crucial here..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 18 KB
Focus only on what truly matters!
  • #161,747
  • Nov 24, 2022 6:30am Nov 24, 2022 6:30am
Quoting Bartolomeus
{quote} I agree it will probably consolidate. Sidelines for me.
Yes its going to push up for 1.0480 for sure but this week is almost over. Next week is going to be better.
Looking for profitable short term trades ...|
  • #161,748
  • Nov 24, 2022 6:55am Nov 24, 2022 6:55am
I am delaying selling this time.. Stay alert for fishy pa!
Focus only on what truly matters!
  • #161,749
  • Nov 24, 2022 6:59am Nov 24, 2022 6:59am
Quoting Ata-Turkoglu
I am delaying selling this time.. Stay alert for fishy pa!
how do you set TP ??
any particular level or just manually
PaRaM
  • #161,750
  • Nov 24, 2022 7:04am Nov 24, 2022 7:04am
Quoting pgidia
{quote} how do you set TP ?? any particular level or just manually
Manually! Roughly I try to hit 1:1 or 1:2 of my stop size, but I also like to trail stops and let myself get stopped out..

Generally speaking I don't set specific targets.. I try to detect areas where I believe hidden pressure will show and close once arrived.. Those are often the dotted trendlines on my charts..

I hope it answers
Focus only on what truly matters!
  • #161,751
  • Nov 24, 2022 7:07am Nov 24, 2022 7:07am
Quoting Js3mwtRc
{quote} We are still in the European session, my 15 minutes chart says the recent low is at 1.0383 and my 1 hour at 1.0382. This low now is significant for more downside to 1.0345. Todays pips travelled and the only thing left now is just sit and wait for the results of this small upmove.
One more! 1.0398 support at 15 min.

Edit: Its moving to 1.0449 but 1.0429 is an obstacle
Looking for profitable short term trades ...|
  • #161,752
  • Nov 24, 2022 7:11am Nov 24, 2022 7:11am
On Daily, I have a mickey mouse pattern (just kidding) but just like I said earlier. whatever could happen will happen around the yellow circle..

Either a revisit to 1.0466 or a drop to 1.0335.. It takes time until real bears show.. MACD is sort of indecision atm.. We better don't rush in selling...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-D1.png Size: 27 KB
Focus only on what truly matters!
  • #161,753
  • Nov 24, 2022 7:13am Nov 24, 2022 7:13am
Quoting Ata-Turkoglu
{quote} Manually! Roughly I try to hit 1:1 or 1:2 of my stop size, but I also like to trail stops and let myself get stopped out.. Generally speaking I don't set specific targets.. I try to detect areas where I believe hidden pressure will show and close once arrived.. Those are often the dotted trendlines on my charts.. I hope it answers

Thanks understood
PaRaM
  • #161,754
  • Nov 24, 2022 7:49am Nov 24, 2022 7:49am
I call it a day. Earned some and lost less than that, slightly positive a balance.
As of now, I do not expect miracles happening on the PA side for the rest of the day as it is Thanksgiving in the US today.
Have a great rest of the day and trade safe!
  • #161,755
  • Nov 24, 2022 8:06am Nov 24, 2022 8:06am
Let's have a quick look at price on EURUSD, before I leave for the weekend.

It's a consolidation price move as I expect. So, no major ups or downs, other than sideway actions. I did not add new longs since price did not fall low enough for that to happen. I'll add when it falls to my 161% Fib, and preferably down to the 200% Fib. Market expectation for a slower hike by Fed in Dec is going to continue to put USD under pressure for a while, at least until that sentiment gets overridden by some better than expected US economic data.

I'm not going to speculate any further than saying, ECB going for 75 bps in Dec '22 with the Fed trimming it down to 50 bps. Other than that, have a nice Thanksgiving if you're in the US, and happy early weekend for everyone else.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4+20221124+L1.png Size: 9 KB
  • #161,756
  • Edited 8:20am Nov 24, 2022 8:07am | Edited 8:20am
the same top ranging continues , all previous supports / limits intact and looking correction to 0211 before bull target , without also possible if too hurry , too crazy for for short time up though having bull target next weekly at 0614 nominal , 0786 good and pullback target 1022 + , over time and may not this year as the catastrophe looks tame down ! take care . probable pa .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 15 KB
Click to Enlarge Name: EURUSDWeekly1.png Size: 15 KB
Click to Enlarge Name: EURUSDMonthly.png Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #161,757
  • Nov 24, 2022 8:19am Nov 24, 2022 8:19am
USD probably makes the double bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: USDX24.11.png Size: 35 KB
  • #161,758
  • Nov 24, 2022 8:35am Nov 24, 2022 8:35am
On M30, since I anticipated the switch, I delayed selling and now switched back to buying dips...

Marking 1.0408 as nearest support!
Focus only on what truly matters!
  • #161,759
  • Nov 24, 2022 8:39am Nov 24, 2022 8:39am
Quoting fontu
the same top ranging continues , all previous supports / limits intact and looking correction to 0211 before bull target , without also possible if too hurry , too crazy for for short time up though having bull target next weekly at 0614 nominal , 0786 good and pullback target 1022 + , over time and may not this year as the catastrophe looks tame down ! take care . probable pa . {image} {image} {image}
It was a very good analysis, thank you for sharing it
  • #161,760
  • Nov 24, 2022 8:53am Nov 24, 2022 8:53am
Gone for short at 1.0422. SL 1.0643 and TP 1.0187 (235 pips TP and 221 pips SL)
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