Most of you areNOt economist.So you have no business trading fundamentals. And if you do it you'll do it poorly .Donot be afraid of news. Trade what you see on the charts.If you are long on this pair just secure your pips or move stop to be and trade the news like a Pro.
- #163,146
- Dec 13, 2022 12:39am Dec 13, 2022 12:39am
- | Membership Revoked | Joined Feb 2019 | 1,453 Posts
us offer very high to fuckem off euro againt bottom of bottom, i guess
- #163,147
- Dec 13, 2022 1:26am Dec 13, 2022 1:26am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,454 Posts
EURUSD is trading on a tight range. The volatility I expect today is over 63 pips 
We may see the price out of the 1.0444/1.0616 range because of the news at the calendar: ZEW sentiment and US CPI.
15 min chart
We may see the price out of the 1.0444/1.0616 range because of the news at the calendar: ZEW sentiment and US CPI.
15 min chart
Looking for profitable short term trades ...|
- #163,148
- Dec 13, 2022 1:43am Dec 13, 2022 1:43am
- Joined May 2014 | Status: Full Time Trader | 27,161 Posts
Focus only on what truly matters!
Back for action-packed week.
I was away travelling for past 10 days. I did not enter new trade on my EURUSD pair while away, but I did close two trades on my other account, at 1.057, entered at parity (netting >2x500 pips). Away = checking in once a day, as opposed to sitting in front the screen for 5 hours a day.
Later today, we'll have US CPI. I think the market has set up a stage for the US dollar to weaken, regardless if CPI accelerates, or if Fed disappoints tomorrow. Speaking about FOMC, market has disproportionally priced in a 50 bps hike. Let's see what Powell has to say tomorrow (Wed, Dec 14). After that, we'll have Lagarde ECB on Thursday. ECB presser usually resulted in EUR selling off, so I wouldn't expect much this time around. Let's just say, 75 bps one last time, as ECB usually lags the Fed in terms of timing.
On price, I used the Fib drew from Jun 15 low to Jun 28 high, resulting in retracement levels you saw on the chart I posted here regularly. The 423% accurately captured the dip at 0.955. I'm waiting for the full retracement to complete at 0%, which is 1.077. Q4 was about selling dollar, treading water in risker trades, getting ready for Fed's hike slowing down. No huge positionings this quarter. I expect USD buyback to close Q4. The last CPI took us from my 261% Fib (parity) to whatever level we're now at. I'll buy the EURUSD, buy only at cheaper prices later.
I was away travelling for past 10 days. I did not enter new trade on my EURUSD pair while away, but I did close two trades on my other account, at 1.057, entered at parity (netting >2x500 pips). Away = checking in once a day, as opposed to sitting in front the screen for 5 hours a day.
Later today, we'll have US CPI. I think the market has set up a stage for the US dollar to weaken, regardless if CPI accelerates, or if Fed disappoints tomorrow. Speaking about FOMC, market has disproportionally priced in a 50 bps hike. Let's see what Powell has to say tomorrow (Wed, Dec 14). After that, we'll have Lagarde ECB on Thursday. ECB presser usually resulted in EUR selling off, so I wouldn't expect much this time around. Let's just say, 75 bps one last time, as ECB usually lags the Fed in terms of timing.
On price, I used the Fib drew from Jun 15 low to Jun 28 high, resulting in retracement levels you saw on the chart I posted here regularly. The 423% accurately captured the dip at 0.955. I'm waiting for the full retracement to complete at 0%, which is 1.077. Q4 was about selling dollar, treading water in risker trades, getting ready for Fed's hike slowing down. No huge positionings this quarter. I expect USD buyback to close Q4. The last CPI took us from my 261% Fib (parity) to whatever level we're now at. I'll buy the EURUSD, buy only at cheaper prices later.
- #163,150
- Dec 13, 2022 1:58am Dec 13, 2022 1:58am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
Risk comes from not knowing what to do
- #163,151
- Dec 13, 2022 2:06am Dec 13, 2022 2:06am
- Joined May 2014 | Status: Full Time Trader | 27,161 Posts
Focus only on what truly matters!
- #163,152
- Dec 13, 2022 2:13am Dec 13, 2022 2:13am
- Joined May 2014 | Status: Full Time Trader | 27,161 Posts
For today I will stick to selling... I have already entered at 1.05524. My target is 1.03524(200 pips) My sl is above the two supplies on 4hrs @ 1.06189 If my sl is hit today I will resume buying the dips tomorrow. Reason for selling is we are at the upper band of the rising channel on daily and also on daily supply(sell zone) I am just not too comfortable buying here. Ofcourse I could be wrong and we get a mighty bull candle breaking all those resistances. For now the risk to reward favours selling. Anyways good luck on your decisions this week...
To me, while above 1.0526 roughly there is only buying dips.. I think bulls will eventually attack main resistance and I want to see if 1.0588 area breaks or not..
Good luck and best wishes
Focus only on what truly matters!
- #163,156
- Dec 13, 2022 2:49am Dec 13, 2022 2:49am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,234 Posts
Risk comes from not knowing what to do
- #163,157
- Dec 13, 2022 2:51am Dec 13, 2022 2:51am
- Joined May 2014 | Status: Full Time Trader | 27,161 Posts
{quote} A Graphical representation of what i am saying {image} {image}
Best wishes and good luck bro
Focus only on what truly matters!
