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  • #163,101
  • Dec 12, 2022 7:34am Dec 12, 2022 7:34am
Quoting humbleguy78
{quote} ict that blows all his accounts, that one?
Hey... let's focus on EURUSD shall we? This place is not facebook..

Thanks for your cooperation
Focus only on what truly matters!
  • #163,102
  • Dec 12, 2022 7:50am Dec 12, 2022 7:50am
Quoting Ata-Turkoglu
Don't bother with noise... do you guys keep buying pullbacks to 1.0555 or not.. if yes, good..
Selling...
  • #163,103
  • Dec 12, 2022 7:51am Dec 12, 2022 7:51am
Quoting Adalberto
{quote} Selling...
Not yet.. I wait for a strong pullback..Good luck
Focus only on what truly matters!
  • #163,104
  • Dec 12, 2022 7:54am Dec 12, 2022 7:54am
  • #163,105
  • Dec 12, 2022 7:57am Dec 12, 2022 7:57am
Quoting Ata-Turkoglu
{quote} Not yet.. I wait for a strong pullback..Good luck
Ata, I have a question. What is the reasonable and a fair short entry after the pull back, would it be 1.0583 if it revised to its today's high of 1.0580, or somewhat 1.0560= for sale limit order? Always appreciate your guidance!!!
  • #163,106
  • Dec 12, 2022 8:01am Dec 12, 2022 8:01am
Quoting Js3mwtRc
{quote} We may see a new cycle towards 1.0520 below 1.0588 Morning chart {image}


The selling towards 1.0520 as predicted looks strong yet so we may see lower prices today or tomorrow - 1.0507.
Looking for profitable short term trades ...|
  • #163,107
  • Dec 12, 2022 8:02am Dec 12, 2022 8:02am
Quoting asyed4
{quote} Ata, I have a question. What is the reasonable and a fair short entry after the pull back, would it be 1.0583 if it revised to its today's high of 1.0580, or somewhat 1.0560= for sale limit order? Always appreciate your guidance!!!
I would look for 1.0545 area.. shouldn't go higher than that.. that's where I will look to sell.. But this doesn't mean the pullback is 100%.. maybe it will keep dropping and dropping.. Therefore no longs!

*Once again I have to say: I hate mean reversions to my guts!
Focus only on what truly matters!
  • #163,108
  • Dec 12, 2022 8:03am Dec 12, 2022 8:03am
Quoting asyed4
{quote} Ata, I have a question. What is the reasonable and a fair short entry after the pull back, would it be 1.0583 if it revised to its today's high of 1.0580, or somewhat 1.0560= for sale limit order? Always appreciate your guidance!!!
Also what is the reason of E/U going down to 1.0520 from 1.0580 without any news in I think one hour+ even the Dow is at +210 positive level.
Sorry, I asked you a lots of questions. You are my teacher, so student should ask as many questions as he can think of from his excellent teacher.
Actually, I do not want to have my short entry near by the low, this time I want to have more patience to have an entry from the top level if it goes there.
  • #163,109
  • Dec 12, 2022 8:08am Dec 12, 2022 8:08am
Quoting asyed4
{quote} Also what is the reason of E/U going down to 1.0520 from 1.0580 without any news in I think one hour+ even the Dow is at +210 positive level. Sorry, I asked you a lots of questions. You are my teacher, so student should ask as many questions as he can think of from his excellent teacher. Actually, I do not want to have my short entry near by the low, this time I want to have more patience to have an entry from the top level if it goes there.
Decembers are often choppy.. Don't make too big plans.. Nothing is solid... we are all walking on egg shells each time we enter inside this period of "end of year"!

I never care for reasons because there are gazillions of them, so you might ask other members here for specifics..

Best wishes
Focus only on what truly matters!
  • #163,110
  • Dec 12, 2022 8:15am Dec 12, 2022 8:15am
BULL TRAP WARNING!

The USD has done its job and looks ready for reversal. Any overly bullish sentiment should be treated with caution.

Attached Image (click to enlarge)
Click to Enlarge Name: USDOLLARWeekly-Dec22.png Size: 11 KB
  • #163,111
  • Dec 12, 2022 8:16am Dec 12, 2022 8:16am
Quoting Ata-Turkoglu
{quote} Decembers are often choppy.. Don't make too big plans.. Nothing is solid... we are all walking on egg shells each time we enter inside this period of "end of year"! I never care for reasons because there are gazillions of them, so you might ask other members here for specifics.. Best wishes
You are right Ata, this time of the year, we have to be very very careful particularly this whole week before the holiday week as with the technical, we have more responsibility to expose many solid news including CPI, Fed move and retail sales along with Euro rate/move as well.

With the help of Allah (swt), overnight, I had a successful buy entry of 1.0540 from last Asia session to exit the trade by 1.0575.
  • #163,112
  • Dec 12, 2022 8:20am Dec 12, 2022 8:20am
Quoting asyed4
{quote} You are right Ata, this time of the year, we have to be very very careful particularly this whole week before the holiday week as with the technical, we have more responsibility to expose many solid news including CPI, Fed move and retail sales along with Euro rate/move as well. With the help of Allah (swt), overnight, I had a successful buy entry of 1.0540 from last Asia session to exit the trade by 1.0575.
And I had a very stupid mistake to not taken short at 1.0575 area. That is why you are right, nothing is sure any time and we all have to be very careful from mean reversions but I do not think In Sha Allah, it will happen because E/U is still on 1.05 handle and this handle may consider resistance level so far.
  • #163,113
  • Dec 12, 2022 8:23am Dec 12, 2022 8:23am
Who know date of yearly candle close I don't want to leave thread open that week
  • #163,114
  • Dec 12, 2022 8:24am Dec 12, 2022 8:24am
Quoting asyed4
{quote} You are right Ata, this time of the year, we have to be very very careful particularly this whole week before the holiday week as with the technical, we have more responsibility to expose many solid news including CPI, Fed move and retail sales along with Euro rate/move as well. With the help of Allah (swt), overnight, I had a successful buy entry of 1.0540 from last Asia session to exit the trade by 1.0575.
I spotted a tiny shark at M15 that probably triggered the sell off.. Whenever shark pattern is in play momentum gets really high and that's why we dropped so fast...

BUT I still see good support around 1.0522 and each time I sell we have to be careful because the drop might not continue if 1.0522 area starts supporting... Also, when looking at the hour of the day, I expect liquidity to drop very soon.. Trade safe
Focus only on what truly matters!
  • #163,115
  • Dec 12, 2022 8:26am Dec 12, 2022 8:26am
Quoting asyed4
{quote} You are right Ata, this time of the year, we have to be very very careful particularly this whole week before the holiday week as with the technical, we have more responsibility to expose many solid news including CPI, Fed move and retail sales along with Euro rate/move as well. With the help of Allah (swt), overnight, I had a successful buy entry of 1.0540 from last Asia session to exit the trade by 1.0575.
Well, that was a good idea to get out @ 0575
  • #163,116
  • Dec 12, 2022 8:30am Dec 12, 2022 8:30am
Meanwhile, on H4...

All day 1.0567 area was the focus point.. The drop was expected but I wished for a last push up towards 1.06 screaming go bulls go but that final rise never came.. But the drop was one of our options since the week started and it was stated... So, no surprises here! It was only the mean reversion that caught some of the traders in their sleep. Can happen and we must move on!

Now I am watching 1.0522/28 area.. Will it support? Let's see... I am on sidelines because 1.0533 is nearest resistance and price is getting squeezed.. Not worth to trade any side..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 23 KB
Focus only on what truly matters!
  • #163,117
  • Dec 12, 2022 8:35am Dec 12, 2022 8:35am
Dear Bulls,

As long as price stays above 1.050, you have nothing to worry about. Keep buying the dips.

Dear Bears,

Please stop selling, you are disrupting the bulls momentum..

Thank you for your cooperation .

Guy
  • #163,118
  • Dec 12, 2022 8:36am Dec 12, 2022 8:36am
This month's monthly candle respecting a monthly OrderBlock. Considering this along with the fact that we're on the verge of a Quarterly Shift AND EurUsd's bearish seasonal tendencies in the first quarter of every year, I'm VERY VERY bearish EurUsd in January
Attached Image (click to enlarge)
Click to Enlarge Name: quarterly shift projections.png Size: 41 KB
  • #163,119
  • Dec 12, 2022 8:39am Dec 12, 2022 8:39am
yeah, you go buy deep, i sell more deep and deeper
  • #163,120
  • Dec 12, 2022 8:43am Dec 12, 2022 8:43am
I bought about 3R today. Not bad ? There is important news this week, I plan to stay out for the rest of the week.
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