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  • #168,841
  • Mar 8, 2023 12:06am Mar 8, 2023 12:06am
Quoting andvk74
I expect a bounce from this zone first, before continuing HIGHER to the 50% {image}
love the plan!
Patience, Emotion Control and Discipline.
  • #168,842
  • Mar 8, 2023 12:19am Mar 8, 2023 12:19am
Think there might be another drop to ~1.04800 before we fully turn towards upside.
  • #168,843
  • Mar 8, 2023 12:51am Mar 8, 2023 12:51am
Quoting johncen
{quote} strategy for today will be to sell the bounce!
Yes, the price should go deeper and test 0520 at least.
Looking for profitable short term trades ...|
  • #168,844
  • Mar 8, 2023 1:20am Mar 8, 2023 1:20am
good morning All,

my name is lee i am very new to trading i was doing ok until yesterdays eur/usd drop.
very frustrating when you feel you was just starting to do ok.
do you all think we will see a bounce back today or another drop?

Many Thanks.
  • #168,845
  • Mar 8, 2023 2:02am Mar 8, 2023 2:02am
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  • #168,846
  • Mar 8, 2023 2:21am Mar 8, 2023 2:21am
Quoting andvk74
{image}
hi Andvk74,

hope your well.

Thank you for replying,
so you believe we will see 1.067 today?

thanks
  • #168,847
  • Edited 2:58am Mar 8, 2023 2:41am | Edited 2:58am
Quoting huffy13
{quote} hi Andvk74, hope your well. Thank you for replying, so you believe we will see 1.067 today? thanks
I trade in THE NOW. I go by what I see at the moment.
These are the levels I'm watching as of now. WHEN and IF market gets there, I'll see what forms at those levels.
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  • #168,848
  • Mar 8, 2023 3:13am Mar 8, 2023 3:13am
Where's ATA? Been very quiet of late.
I play the trade gamble to feed my Porsche addiction.
  • #168,849
  • Mar 8, 2023 3:33am Mar 8, 2023 3:33am
Quoting investing101
ECB speaking soon, let's see if they're anything like the FED. My guess is that if they don't create a pump on the Euro we'll be at the mercy of the FED's testimony again.
Nothing from ECB yet I guess we'll have to wait for Powell but it should be the same story for 2nd time. If nothing is happening then something is hiding behind and I guess we have to wait and see it to find it out. Unless my eyes catch something before!!
Looking for profitable short term trades ...|
  • #168,850
  • Mar 8, 2023 3:35am Mar 8, 2023 3:35am
Quoting M3csl
Where's ATA? Been very quiet of late.
Just busy with external duties but I am reading every post.. no worries

Best wishes
Focus only on what truly matters!
  • #168,851
  • Mar 8, 2023 3:44am Mar 8, 2023 3:44am
Quoting M3csl
Where's ATA? Been very quiet of late.
0880 ran from him
  • #168,852
  • Mar 8, 2023 3:55am Mar 8, 2023 3:55am
Quoting Js3mwtRc
{quote} Nothing from ECB yet I guess we'll have to wait for Powell but it should be the same story for 2nd time. If nothing is happening then something is hiding behind and I guess we have to wait and see it to find it out. Unless my eyes catch something before!!
Here's an idea. I believe that it's more dangerous to be a bear this week than it is to be a bullish. Too many FED members and analysts believe that January's numbers were outliers.

If this turns out to be true, then this downturn will likely be engulfed.

I suggest tight stop losses if you're caught trading around news time. If it wasn't for important numbers this week, I'd stay bearish on EURUSD with a high degree of confidence.
  • #168,853
  • Mar 8, 2023 4:06am Mar 8, 2023 4:06am
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  • #168,854
  • Mar 8, 2023 4:21am Mar 8, 2023 4:21am
We are still on course for 1.0430 (the only buy for me). Until then selling pullbacks targeting that same level.
We watch the charts from every angle so you don't have to!!
  • #168,855
  • Mar 8, 2023 4:36am Mar 8, 2023 4:36am
London session has been an absolute snooze fest. Some high impact news coming up later so hoping more of the same kinda action as yesterday, will be looking at longs once we breach 1.05 with a target 1.065
Cheers
  • #168,856
  • Mar 8, 2023 5:00am Mar 8, 2023 5:00am
Quoting investing101
{quote} Here's an idea. I believe that it's more dangerous to be a bear this week than it is to be a bullish. Too many FED members and analysts believe that January's numbers were outliers. If this turns out to be true, then this downturn will likely be engulfed. I suggest tight stop losses if you're caught trading around news time. If it wasn't for important numbers this week, I'd stay bearish on EURUSD with a high degree of confidence.
Yes, better sell from higher after news, NFP shouldn't be a surprise this time and less than before.
Looking for profitable short term trades ...|
  • #168,857
  • Mar 8, 2023 5:13am Mar 8, 2023 5:13am
Quoting andvk74
{quote} I trade in THE NOW. I go by what I see at the moment. These are the levels I'm watching as of now. WHEN and IF market gets there, I'll see what forms at those levels. {image}
When you refer to it as a trap wick, does it mean that it will be not filled?
  • #168,858
  • Mar 8, 2023 5:32am Mar 8, 2023 5:32am
Quoting AC.
{quote}When you refer to it as a trap wick, does it mean that it will be not filled?
The TRAP always gets TAKEN OUT. This is what the TRAPS are for!!!
  • #168,859
  • Mar 8, 2023 5:42am Mar 8, 2023 5:42am
Quoting andvk74
{quote} The TRAP always gets TAKEN OUT. This is what the TRAPS are for!!!
So... then, does it mean to stop people? Is this the "violin" movement?
  • #168,860
  • Mar 8, 2023 5:51am Mar 8, 2023 5:51am
Quoting AC.
{quote}So... then, does it mean to stop people? Is this the "violin" movement?
I see it this way: whatever SIGNS you read in books about, were written by the same people who created this GAME OF TRADING and for ONE REASON ONLY - to take people's money. So this so called PINBAR that many traders know, for me it's just one of the signs that after it's created, market moves away from it just a little, to trap the traders in the wrong direction and soon after that it's going to take it out because who entered on it is going to have a SL there (this is what THEY teach).
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