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EURUSD only

Quoting Ultras
We are back at the levels where the price was before the drop. Lets see if this levels will hold or not and trade accordingly {image}
Yeah, that uptrend was strong and made even stronger when it broke above 1.04867 and found value above the level. NFP news was not going to be much of an impact with a trend that strong especially on the heels of Powell's speech. NFP years ago was something to behold in terms of move magnitude . NFP is now even more a focus for the FED given the economic climate and that little drop was the best sellers could do? Lol. Gone are the days of the beloved( and feared) NFP.
Quoting sharingan9
{quote} Yeah, that uptrend was strong and made even stronger when it broke above 1.04867 and found value above the level. NFP news was not going to be much of an impact with a trend that strong especially on the heels of Powell's speech. NFP years ago was something to behold in terms of move magnitude . NFP is now even more a focus for the FED given the economic climate and that little drop was the best sellers could do? Lol. Gone are the days of the beloved( and feared) NFP.
, ya, CPI is the new NFP.
Risk comes from not knowing what to do
EURUSD ended this week up and above 1.0366 (200 sma) after it broke the Mondays pinbar and closed two times above. That is a bullish signal but the area above at 1.0600 is full of strong resistance so be carefull buying. A close above 1.0616 is considered more bullish (see chart arrows). Also it will not be surprising to see it correcting again above 1.0400 & 1.0300 area.

The pips I expect the EU to travel this week are 157 and more if for any reason the bulls or bears decide. That may be news or change in positioning, it doesn't matter we are only following price action day by day and searching for opportunities to enter.

Have a great rest of the weekend.

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Feels right this time!
EU moves north.

Enjoy the weekend.
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Patience & Discipline
Weekly
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When the markets open and spreads become lower I'll enter Short and put SL at 1.07. If price hits my SL, then I'm certain price will continue it's way to 1.09 which is 50% Fibo Level from which I'll go Short again. Above 1.10 I'm not expecting at all and if that happens I'll stay away from EUR/USD for the time being. Will post the chart with position tommorow!
Quoting TheWolf
When the markets open and spreads become lower I'll enter Short and put SL at 1.07. If price hits my SL, then I'm certain price will continue it's way to 1.09 which is 50% Fibo Level from which I'll go Short again. Above 1.10 I'm not expecting at all and if that happens I'll stay away from EUR/USD for the time being. Will post the chart with position tommorow!
Good to see you will be there for the open. In the US it cuts into our Sunday but those (like me) that have jobs outside of trading have to take what we can get! We need MORE traders on the open.
When you don't know where your going, any road will take you there.
so buying low working in the top ranging for clear cut next target bull 0614 and likely spike up to 0857 areas . take care
for new entry people can wait 0541 breaks and hold as may a small turmoil next possible as in smaller tf waves .
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Not understand?never follow my analyses!
Quick H4 Outlook for Monday

  1. Since bulls seem to have the upper hand, for Monday, I want to keep my bullish bias to see if they truly want to break above the 1.0550-1.06 barrier or not..
  2. If resistance rejects bulls, we might go back to revisit the nearest support zone: 1.0402 area and maybe even lower to 1.0313...
  3. Overall, we have seen a strong bearish attack during NFP which quickly faded out, but that wild move still might be an early sign of reversal for bearish continuation. Therefore, Monday is a day to watch how pa will react around resistance!

Happy Sunday to all

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Be a seer, not a looker!
Quoting Ata-Turkoglu
Quick H4 Outlook for Monday Since bulls seem to have the upper hand, for Monday, I want to keep my bullish bias to see if they truly want to break above the 1.0550-1.06 barrier or not.. If resistance rejects bulls, we might go back to revisit the nearest support zone: 1.0402 area and maybe even lower to 1.0313... Overall, we have seen a strong bearish attack during NFP which quickly faded out, but that wild move still might be an early sign of reversal for bearish continuation. Therefore, Monday is a day to watch how pa will react around resistance!...
Even though I'll go Short from these levels, I do believe Bulls aren't finished yet. As is often the case when CB is about to raise interest rates, currency seem to appreaciate days before the same rate hike takes place. For this reason, I believe Bulls will end up having an upper hand over Bears this Week also. I also then predict that Euro will start to depreciate a Week after this one when rate hikes will take place. All in all, plan remains the same and will be followed through as was stated in my earlier post.

GL traders!
Important News for Euro! Potential threat for Bulls! (3.12.2022.)

**** Russia warns it will cut off oil supply after countries vote for $60-per-barrel price cap ****

"From this year, Europe will live without Russian oil," Ulyanov tweeted. "Moscow has already made it clear that it will not supply oil to those countries that support anti-market price caps. Wait, very soon the EU will accuse Russia of using oil as a weapon."

Link: https://www.cbsnews.com/news/russia-...more-pressure/
A broader view of what's happening on a much larger scale

Attached below are yearly pivot levels which helps explain why we have this strong bullish move.

we had reached yearly support 3 indicating, there isn't anymore room down.

Nearest resistance sits at yearly Pivot @ 1.16402, after that we have the Yearly First resistance @ 1.20940

All in all, brace yourselves for the bullish ride, its gonna be a lengthy one.
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Risk comes from not knowing what to do
This is how I look at the weekly chart. The price is ready to test the upper trendline around 1.0600 and the 1.0637 low of 2020/03/16. Also there is some confluence with the 50 weekly sma and the 0.382 fibo level from 1.2350 to 0.9535 drop that offers resistance. A close above is what the bull will look after so it can take the price to the next level of 1.0788 but the bear wants the opposite, a close below so it can move the prie at the 1.0200/23 level/s.

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Feels right this time!
We're clearly at critical levels or very near them.
I think still space to 1.07
#EURUSD / Weekly, Daily, H4 & H1
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Quoting TheWolf
I think trading would be so much easier if we weren't stressing ourselves with trading with the higher lot size than it's comfortable for us. Basically with smaller lot size, anyone can go Short here and not give the slightest **** about where the price goes next. Just my thoughts..but then we say, yeah.. even if I get 200 pips it won't be that much anyway so why bother, right? Just my thoughts. Money Management in the end is the most important thing. Even being right more isn't as important since one loss can wipe out you 3,4 good trades if money...
Hi TheWolf! I 1000000% agree with high-leverage trading, and I have shared my view on that more often than I can count, unfortunately. And I find it quite unfortunate that the majority of traders on FF trade with extremely high risk. Though risk is essential in trading, we also want to survive the rougher periods, the change in dynamics, the worst case scenarios, etc., as we are in this for the long run! Since you are also interested in frequency of trades and different TFs, I will add my 2 cents which, I hope, will cast doubt on your beliefs. Number of trades per day have absolutely no relation to success. Many traders trade several hundreds of trades daily and do well. And, adding to what Ata said so well
Quoting Ata-Turkoglu
{quote} I strongly disagree with the bold part because you are obviously speaking of trading some large timeframe like D1 maybe, but traders trade all sorts of timeframes from M1, M2, M3 etc etc up to H1, H4, H6, H8 etc etc.. and all give different amount of signals.. but for the part that money management is important I fully agree! Best wishes
Here is a little incomplete post I wrote about advantages of scalping, along with an excellent, excellent link to whomever is interested:
Quoting mtako
Outside impactful news time of coursee etc, one of the beauties of scalping is that, when it is indecision time on the larger scale, scalping can still continue to be just as diversified, and have its cute exploitation moments of trend, countertrend and even go ranging heaven mode, all in a day, all the while our biggest of buddies (just as valuable for other reasons of course, don't get me wrong !!!)are temporarily stuck or have to slow down for a while, doesnt know for how long, and if has not a diversified enough range...
Hope it helps!

And with that, wishing to all my fellow EURUSD traders the very best of weeks
If I don't mention SL and TP = longer-term setup possibly in the works!
Bloody Friday s bear higher than average volatility still in effect since it happened after double top + still no new ground from poor bulls !!!

Sell stop 0529 and 0513 ! Maybe closing all my longs much much earlier than expected. All longs now have a collective dynamic SL at 0529 ! And also all untriggered buy stops will be cancelled if <0530
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If I don't mention SL and TP = longer-term setup possibly in the works!
Bought here 0539 SL10 TP:EndOfTheWorld !
If I don't mention SL and TP = longer-term setup possibly in the works!
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