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  • #162,321
  • Dec 2, 2022 3:09am Dec 2, 2022 3:09am
Quoting johncen
{quote} yup initially i was thinking 0200 or even 0100 before 0500 but proven to be wrong. I also think 0800 is too far for now.
1.0650/1.0700 is where it can move the best in a bad NFP. That move from 1.0513 was nice!
Looking for profitable short term trades ...|
  • #162,322
  • Dec 2, 2022 3:13am Dec 2, 2022 3:13am
Bulls seem exhausted at these prices. Time to Sell?
  • #162,323
  • Dec 2, 2022 3:33am Dec 2, 2022 3:33am
Quoting TheWolf
Bulls seem exhausted at these prices. Time to Sell?
I guess it is.
  • #162,324
  • Dec 2, 2022 3:53am Dec 2, 2022 3:53am
Quoting TheWolf
{quote} I guess it is.
We're around the opening price of today's, and there is not much going on for the bulls or bears. I think everyone is waiting for the NFP in a few hours.
  • #162,325
  • Dec 2, 2022 3:54am Dec 2, 2022 3:54am
Quoting sulai45
{quote} We're around the opening price of today's, and there is not much going on for the bulls or bears. I think everyone is waiting for the NFP in a few hours.
Then, we wait.
  • #162,326
  • Dec 2, 2022 4:02am Dec 2, 2022 4:02am
Quoting TheWolf
Bulls seem exhausted at these prices. Time to Sell?
I guess we'll see the price trying to move down to 1.0470/80 but with an upward push to reach 1.0545 +
Looking for profitable short term trades ...|
  • #162,327
  • Dec 2, 2022 4:49am Dec 2, 2022 4:49am
Price action as if ripens for a drop. But as we all know, it can be bulls in disguise just waiting for the right moment to push price up.
  • #162,328
  • Dec 2, 2022 5:04am Dec 2, 2022 5:04am
Meanwhile, on M30...

It was a lazy day so far, but it is still a "go bulls go" day (as long as support is not violated)

1.0511 area is currently my nearest support area..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M30.png Size: 19 KB
Focus only on what truly matters!
  • #162,329
  • Dec 2, 2022 5:04am Dec 2, 2022 5:04am
Consolidation before NFP. The logical thing to do right now would be to stay on the sidelines.
Attached Image (click to enlarge)
Click to Enlarge Name: resim_2022-12-02_140251399.png Size: 9 KB
Swing Trader
  • #162,330
  • Dec 2, 2022 5:30am Dec 2, 2022 5:30am
Overall and especially based on weekly chart, I see 1.0568 area as ceiling for this week..

It requires enormous amounts of momentum to push price higher... Can NFP provide that? Tim will tell.. (Tim Apple)

*I made a typo and tried to turn it into a joke.. don't mind me.. just boredom!
Focus only on what truly matters!
  • #162,331
  • Dec 2, 2022 5:31am Dec 2, 2022 5:31am
Quoting yvestrcz
Price action as if ripens for a drop. But as we all know, it can be bulls in disguise just waiting for the right moment to push price up.
It's good that price can only go up or down. If price could go left and right also, we would be screwed.
  • #162,332
  • Dec 2, 2022 5:34am Dec 2, 2022 5:34am
Quoting TheWolf
{quote} It's good that price can only go up or down. If price could go left and right also, we would be screwed.
it does go flat sometimes, annoyingly
  • #162,333
  • Dec 2, 2022 5:34am Dec 2, 2022 5:34am
Quoting Ata-Turkoglu
Overall and especially based on weekly chart, I see 1.0568 area as ceiling for this week.. It requires enormous amounts of momentum to push price higher... Can NFP provide that? Tim will tell.. (Tim Apple) *I made a typo and tried to turn it into a joke.. don't mind me.. just boredom!
I have a problem with how the market reacted to Powell. Market reacted as if Fed has pivoted, but that's not the case. Rate hikes won't be as big anymore, however rates will continue to go up to an even bigger level then was previously thought. NFP should provide some correction I think.
  • #162,334
  • Dec 2, 2022 5:35am Dec 2, 2022 5:35am
Quoting TheWolf
{quote} It's good that price can only go up or down. If price could go left and right also, we would be screwed.
Many are screwed just with the up and down movement of price!
  • #162,335
  • Dec 2, 2022 5:37am Dec 2, 2022 5:37am
EUR/USD 1min Timeframe

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2022-12-02_12-36-18_8bc1b.png Size: 34 KB
Dont be upset with the result you didnt get from the work you didnt do
  • #162,336
  • Dec 2, 2022 5:37am Dec 2, 2022 5:37am
Quoting TheWolf
{quote} It's good that price can only go up or down. If price could go left and right also, we would be screwed.
Since we are trading charts, price (i.e. candles) actually can go right: east, north east and south east.. additional to north and south but yes if they had to go left as well it would be impossible for most of us to succeed.. but I think that 1% of winners would still stay the same!

Best wishes
Attached Image
Focus only on what truly matters!
  • #162,337
  • Dec 2, 2022 5:39am Dec 2, 2022 5:39am
Quoting Ata-Turkoglu
Meanwhile, on M30... It was a lazy day so far, but it is still a "go bulls go" day (as long as support is not violated) 1.0511 area is currently my nearest support area.. {image}
There is this 1.0550 level on Weekly Chart that has seen some battle between Bulls and Bears.
  • #162,338
  • Dec 2, 2022 5:41am Dec 2, 2022 5:41am
Quoting dantpm
{quote} Many are screwed just with the up and down movement of price!
Then they say Forex is hard.. you only have to choose the right side. Hahah...
  • #162,339
  • Dec 2, 2022 5:41am Dec 2, 2022 5:41am
Quoting TDT.Coffee
EUR/USD 1min Timeframe {image}
would you please share your indicators in tradingview in this chart
thanks
RedcaT 3003
25k Return This Week: na
  • #162,340
  • Dec 2, 2022 5:42am Dec 2, 2022 5:42am
Quoting TheWolf
{quote} There is this 1.0550 level on Weekly Chart that has seen some battle between Bulls and Bears.
Weekly 55Ema level
PaRaM
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