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EURUSD only

  • #163,161
  • Dec 13, 2022 3:05am Dec 13, 2022 3:05am
Quoting andvk74
A FAKE move to the upside is ALL I see for the LONGs {image}
I was just thinking about it and I definitely agree with you! We wait for the spike and then we dive in and Long the hell out of USD. This is the strategy I'll go with. I would rather see that spike now before CPI takes place, rather then think if CPI is creating spike or not..
  • #163,162
  • Dec 13, 2022 3:07am Dec 13, 2022 3:07am
Quoting andvk74
A FAKE move to the upside is ALL I see for the LONGs {image}
You seem to be biased in what you see brother... A non biased look at your chart, all I see is a triangle forming inside a larger triangle and all inside a bullish environment. It can still breakout bearish I can't deny, but the odds would be pointing upwards... all based on what I see... I add no bias.. no dreams.. no wishful thinking...

Best wishes
Focus only on what truly matters!
  • #163,164
  • Dec 13, 2022 3:10am Dec 13, 2022 3:10am
My MAIN signal for the SHORT is on the DAILY!!! Target is the last weeks LOW!!!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
  • #163,165
  • Dec 13, 2022 3:36am Dec 13, 2022 3:36am
Quoting andvk74
My MAIN signal for the SHORT is on the DAILY!!! Target is the last weeks LOW!!! {image}
Wait for the price to reach the upper end of Resistance Zone first if you're about to take Short. I'll wait and see where the price will be before CPI release. I want to see price at Resistance so spike can take out SL's and Buy Stop orders before crashing down.. This is what I'll do.

If price isn't at Resistance before the CPI I'll avoid trading it.
  • #163,166
  • Dec 13, 2022 3:37am Dec 13, 2022 3:37am
Quoting GreenJ
I felt like going in at 1.0519. May the trading Gods be with me... Only asking for 30 pips.
Out @ 1.0555. If the market does not like the news there is a good case for this puppy to trade down to its 200MA on D1.
  • #163,167
  • Edited 3:54am Dec 13, 2022 3:38am | Edited 3:54am
Quoting andvk74
My MAIN signal for the SHORT is on the DAILY!!! Target is the last weeks LOW!!! {image}
I agree with you. See attached Daily chart and the drop from 1.2270. We are now at a most crucial trendline. It is highly unlikely that it will be broken on the first try. Much more likely is a drop to the 38.2% retracement level (Blue zone) and then a second try to break it in a few weeks. Also, see the overbought TDI with divergences forming.
On the fundamental side, The Fed has to be frustrated that rates and the $ are dropping while they are increasing the Fed Funds rate. Right now the 10 Year rate is considerably lower than the Fed Funds rate. An inverted yield curve. A lower dollar helps inflation to remain high. I think you can expect them to be very hawkish tomorrow in order to get the dollar and rates higher and inflation lower.
Attached Image (click to enlarge)
Click to Enlarge Name: EuroUSD Daily.png Size: 109 KB
Observation is the path to discovery.
  • #163,168
  • Dec 13, 2022 3:51am Dec 13, 2022 3:51am
Since we are inside a narrowing channel, based on M30, I switched back to selling..

I am marking 1.0545 area as nearest resistance.. up down up down until a proper breakout shows..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M30.png Size: 23 KB
Focus only on what truly matters!
  • #163,169
  • Dec 13, 2022 4:43am Dec 13, 2022 4:43am
Quoting Js3mwtRc
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 {image}
ZEW came out well but the bulls wait for the biggest release later so range trading until then in smaller timeframes is best

The bulls should be better positioned but I am watching for a profit taking reaction if EU gets to 1.0616/37. The same thing I watch for the bears as holidays trading later after this week should make them exit if a drop happens to around 1.0350.
Looking for profitable short term trades ...|
  • #163,170
  • Dec 13, 2022 5:22am Dec 13, 2022 5:22am
Options: https://www.forexlive.com/Orders/fx-...-cut-20221213/
  • #163,171
  • Edited 6:31am Dec 13, 2022 6:01am | Edited 6:31am
Zigzag continues and gets narrower.. I switched to buying..

Nearest M30 support: 1.0536
Focus only on what truly matters!
  • #163,172
  • Dec 13, 2022 6:57am Dec 13, 2022 6:57am
The market expects a decrease in CPI. The decrease in oil
price helps. Therefore the price doesn’t fall.
  • #163,173
  • Dec 13, 2022 7:00am Dec 13, 2022 7:00am
Moving M30 nearest support to 1.0541...

(H4 support still at 1.0526)
Focus only on what truly matters!
  • #163,174
  • Dec 13, 2022 7:09am Dec 13, 2022 7:09am
Quoting andvk74
A FAKE move to the upside is ALL I see for the LONGs {image}
Quite a few peeps bearish on the euro
  • #163,175
  • Dec 13, 2022 7:17am Dec 13, 2022 7:17am
What do you think about today's news? Buy or sell?
  • #163,176
  • Dec 13, 2022 7:17am Dec 13, 2022 7:17am
Quoting Suj
{quote} Quite a few peeps bearish on the euro
This is NOT for only today's move!!!
  • #163,177
  • Dec 13, 2022 7:22am Dec 13, 2022 7:22am
I am long (1.0542), stop already at breakeven.. .. I don't touch anything... Waiting for numbers..
Focus only on what truly matters!
  • #163,178
  • Dec 13, 2022 7:30am Dec 13, 2022 7:30am
Thank you CPI...

Closing order here at 1.0640... I can call it a day now... Feierabend!
Focus only on what truly matters!
  • #163,179
  • Dec 13, 2022 7:31am Dec 13, 2022 7:31am
Quoting Ata-Turkoglu
Thank you CPI...
today is your lucky day Ata
Swing Trader
  • #163,180
  • Dec 13, 2022 7:33am Dec 13, 2022 7:33am
Quoting mustafayucel
{quote} today is your lucky day Ata
Yes sure.. but the foundation comes from 100% following my rules
Focus only on what truly matters!
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