What would you think ? Waiting for an opportunity.
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Fools Rushing 
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- #175,121
- Jun 29, 2023 7:05am Jun 29, 2023 7:05am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Fools Rushing
- #175,123
- Jun 29, 2023 7:14am Jun 29, 2023 7:14am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} EU very near the resistance level, a break can turn the tide but first there are news that will decide it.
... For me, all this breaks down if does not happen this week...
But for now, so far so good for bears in my book, technically ! (waiting for 15m bear candle low break for serious selling though, 1min to go !!!
)Sell stop 09308 09223 0910 (potential 2nd 3H breakout attempt) = all would therefore be at break even once/if bears manage to make a new low.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #175,124
- Jun 29, 2023 7:15am Jun 29, 2023 7:15am
{quote} What if the fed cuts first, I see only one rate rise from two on the dot plot, but there is another one scenario that EU eventually will have growth problems and then the bearish scenario can play out. For the last fed has to keep rates as long as it can and ECB must cut first. Anyway interesting info you are sharing what if these funds fail!
There are a few things at play that is not trumpeted in the media - so almost everyone is not aware about.
1) The FED is at (soft) war with the whales in London (aka the EuroDollar market). What many don't know is that the inland Dollar (US Dollar inside the US) has a different rate than the US Dollar outside in the world. And that rate difference has become to the disadvantage of the FED/US. Result the FED had to follow (or at least to take into consideration) for their decision a "foreign power" - something we all know US policy makers do not like
- (BIS/London Intermarket) -> that reached a crack point a while ago (remember the repro crisis 2019 ) -> With a policy change 2 years ago that was resolved and since then Powell can do what is required for the US market.2) The inflation is (and will be again) a political issue -> for the Democrats. Rest I leave it up to your interpretation because I don't want to go into politics here.
3) The current actions of the FED (Powell) and the Treasury Dept (Yellen) are interwoven. The FED was pausing the raise last time to give the Treasury Dept the chance to plan their actions with regard to the resolution of the debt ceiling issue - so that Janet can start filling the TGA account with a lower rate and with limited impact on the market. Janet already told us that she will do refilling operation in July (next month) but will pause in August, and restart in September. So, there is some interesting play going on something you will not hear from the media channels.
My suspicion -> Powell and Yellen agreed that Yellen will refill TGA initially through the open market (for that Powell gives the hike a break for the moment) whereas later Yellen will switch filling the TAG through repro swap (the will not affect the market) so Powell can continue his hiking.
A speculation of course... but my (highly competent) sources are the opinion of that.
- #175,126
- Jun 29, 2023 7:18am Jun 29, 2023 7:18am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Dear fellow traders ! Almost my Thursday Selling time at last, let's have fun doing in this ranging heaven(selling the highs time !)!!! Aggressive selling Dancing in the Growing Volatility Rain starts when Mr..Price manages to break a bull's low (15m), any level ! P.S Again
! : {quote}{quote}{quote}{quote}{quote} Cheers all ! Sell limit 09366 Sell stop 09247 SL9 {image}
Ok folks, its my most crucial moment of the day, expecting fireworks in either direction
!!!!!Wake up bears, or pay a heavier price
!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #175,127
- Jun 29, 2023 7:35am Jun 29, 2023 7:35am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
My best case scenario for this quarter:
{quote}0880s would be half way through the {quote} But only 100pips below its low, could I start to consider 1.06s potential scenarios. So, up to now, for me, bears have more work to do than bulls, and as long as we are are above that bloody 15th of June low, which, coincidentally, is 1.08!...
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #175,129
- Jun 29, 2023 7:37am Jun 29, 2023 7:37am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #175,130
- Jun 29, 2023 7:40am Jun 29, 2023 7:40am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Looking for profitable short term trades ...|
- #175,131
- Jun 29, 2023 7:40am Jun 29, 2023 7:40am
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Bulls, you better pray for the worst Claims number. or else say hello to 1.08.
... My target is at 3rd support for the day which sits at 1.08200
Risk comes from not knowing what to do
- #175,132
- Jun 29, 2023 7:42am Jun 29, 2023 7:42am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Looking for profitable short term trades ...|
- #175,133
- Jun 29, 2023 7:49am Jun 29, 2023 7:49am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #175,135
- Jun 29, 2023 8:01am Jun 29, 2023 8:01am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
{quote} This move is still on, market has hit first resistance at 1.0910, I expect pullback to 1.0865 region and another leg up to 1.0930-50. After that we should see move down to 1.0810 and then resume uptrend. That is my trading plan for this week.
We watch the charts from every angle so you don't have to!!
- #175,136
- Jun 29, 2023 8:01am Jun 29, 2023 8:01am
- Joined Sep 2017 | Status: Trader | 4,492 Posts
{quote} Hello
- #175,138
- Jun 29, 2023 8:05am Jun 29, 2023 8:05am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
Fools Rushing
- #175,139
- Jun 29, 2023 8:05am Jun 29, 2023 8:05am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
...Sell limit 09366 Sell stop 09247 SL9 {image}
{quote}SLs now at 0918
Ok BIG BEAR, we havent seen you in too long. Time to stop being shy! Folks, Now stuck right in the middle of the two main 12H opposing moves (15thJune vs 23rd) {quote}{quote}SLs now at 0912 {image}
Notice the leaps
= 1min high momentum quality + 15m growing volatility If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #175,140
- Jun 29, 2023 8:06am Jun 29, 2023 8:06am
- Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,834 Posts
{quote}Having earned my weekly sold too (as you can see). If we are lucky it will run to 1.0850 -> which will be 90 pips, something EUR routinely does. {image}
Fools Rushing