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EURUSD only

  • #184,181
  • Nov 20, 2023 5:57am Nov 20, 2023 5:57am
Quoting bigiivan
{quote} Unfortunately, I can't give you reasons. Just look at the chart. DX, H1 Do you see how Stochastic looking up! {image}
13.11 was also looking up on Your chart ;P
  • #184,182
  • Nov 20, 2023 6:40am Nov 20, 2023 6:40am
I think we will see EUR strenght until we reach an equilibrium for the "rate pause/reduction FED vs ECB" case again. And when this happens, USD strenght will come back given the the better economic outlook/performance.

Until then, we have re-entered the rising channel from earlier this year. Let's see where this will take us.
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Don't follow my trades. Challenge my Analysis!
  • #184,183
  • Nov 20, 2023 6:45am Nov 20, 2023 6:45am
Quoting d00lar
{quote} 13.11 was also looking up on Your chart ;P
I don't understand. Do you mean the 13-th of November? I can't remember what was then.
  • #184,184
  • Nov 20, 2023 7:03am Nov 20, 2023 7:03am
Quoting bigiivan
{quote}I don't understand. Do you mean the 13-th of November? I can't remember what was then.
He was referring to your own screenshot. The stochastic indicator is pretty useless in your example as it was "looking up" on 13.11 as well and was horribly wrong afterwards.
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  • #184,185
  • Nov 20, 2023 7:43am Nov 20, 2023 7:43am
Quoting Drolph
{quote} He was referring to your own screenshot. The stochastic indicator is pretty useless in your example as it was "looking up" on 13.11 as well and was horribly wrong afterwards. {image}
Ooo, now I understand! Thanks for the explanation!
I suggest you just to wait and see after a couple of days. I have already mentioned my direction.
  • #184,186
  • Nov 20, 2023 8:17am Nov 20, 2023 8:17am
Quoting Drolph
{quote} He was referring to your own screenshot. The stochastic indicator is pretty useless in your example as it was "looking up" on 13.11 as well and was horribly wrong afterwards. {image}
Useless? Every indicator, including your system, can fail at any time.
  • #184,187
  • Nov 20, 2023 8:25am Nov 20, 2023 8:25am
Quoting Mitiblotch
{quote} Useless? Every indicator, including your system, can fail at any time.
Thanks, M.!
I think you are right.
  • #184,188
  • Nov 20, 2023 9:18am Nov 20, 2023 9:18am
The price rised but looks like it hit a wall of bearish orders at 1.0945, at least the first test to pass this significant resistance failed, 1.0900?
Looking for profitable short term trades ...|
  • #184,189
  • Nov 20, 2023 10:03am Nov 20, 2023 10:03am
hello 1,1000/1,2000
  • #184,190
  • Nov 20, 2023 10:11am Nov 20, 2023 10:11am
Quoting Js3mwtRc
The price rised but looks like it hit a wall of bearish orders at 1.0945, at least the first test to pass this significant resistance failed, 1.0900?
Keeps rising on low volume. Again today's pivot missed like it didn't exist. I have seen this PA many times when you're being forced to buy very high. I have a pending waiting at 1.0950 (moved it there. Or I may short manually). At 1.0950 it will be well over 400 pips range for the month. I personally don't see much higher.
  • #184,191
  • Nov 20, 2023 10:30am Nov 20, 2023 10:30am
Quoting Mitiblotch
{quote} Keeps rising on low volume. Again today's pivot missed like it didn't exist. I have seen this PA many times when you're being forced to buy very high. I have a pending waiting at 1.0950 (moved it there. Or I may short manually). At 1.0950 it will be well over 400 pips range for the month. I personally don't see much higher.
I see it is pooling here to hit just 1.0950/60 and then drop again to 1.0900/10
Looking for profitable short term trades ...|
  • #184,192
  • Nov 20, 2023 11:28am Nov 20, 2023 11:28am
Quoting Mitiblotch
{quote} Keeps rising on low volume. Again today's pivot missed like it didn't exist. I have seen this PA many times when you're being forced to buy very high. I have a pending waiting at 1.0950 (moved it there. Or I may short manually). At 1.0950 it will be well over 400 pips range for the month. I personally don't see much higher.
Risked only a small piece here with you on this!

Cheers to closing out the first day of the week with a positive and productive energy. May the rest of your week be smooth sailing from here on out!

See you tomorrow!
Looking for profitable short term trades ...|
  • #184,193
  • Nov 20, 2023 11:33am Nov 20, 2023 11:33am
Quoting Js3mwtRc
{quote} I see it is pooling here to hit just 1.0950/60 and then drop again to 1.0900/10
I am expecting the same here after 0950ish. In fact there is chances to 0840 but not sure if this will happen now or we will go higher first
Patience, Emotion Control and Discipline.
  • #184,194
  • Nov 20, 2023 11:39am Nov 20, 2023 11:39am
Quoting johncen
{quote} I am expecting the same here after 0950ish. In fact there is chances to 0840 but not sure if this will happen now or we will go higher first
From today the 20th usually price reverses. The month has hit a good range of over 400 pips. I see price stalling and then taking a good dump. Even 0800 is not far.
  • #184,195
  • Nov 20, 2023 1:20pm Nov 20, 2023 1:20pm
Quoting Ata-Turkoglu
Quick DAILY Outlook For today only, all I care is: Can bears stop bulls right at mushroom curve: 1.0941 area? If yes, we go back to retest 1.0871 area and maybe lower to 1.0800. If no, there is a little more room until channel upper edge: 1.0966 area.. Happy new trading week to all {image}
You are right on the Money Atta: the high stopped at 1.09519 and currently it is at your mushroom curve area 1.0941.
Actually I have two mini lots stuck at 1.0850 for Short but I studied hard your analysis and mushroom curve chart and In Sha Allah it will go back and test further under 1.08 area...
May Allah (Swt) bless you and all your dreams come true as you always share valuable info in terms of chart and indicators which help me a lot.

Thanks again!!!
  • #184,196
  • Nov 20, 2023 1:31pm Nov 20, 2023 1:31pm
Quoting asyed4
{quote} You are right on the Money Atta: the high stopped at 1.09519 and currently it is at your mushroom curve area 1.0941. Actually I have two mini lots stuck at 1.0850 for Short but I studied hard your analysis and mushroom curve chart and In Sha Allah it will go back and test further under 1.08 area... May Allah (Swt) bless you and all your dreams come true as you always share valuable info in terms of chart and indicators which help me a lot. Thanks again!!!
Thanks brother... My approach is not rocket science, but more in relation with the idea that price (or nature, or magnetic fields, or great amounts of populations etc. etc.) are somehow under the effect of basic geometry. I don't question why and how. I simply respect and try to build my strategies along these basic structures. That's all! I am happy if it is helping and inspiring.

Best wishes
Focus only on what truly matters!
  • #184,197
  • Nov 20, 2023 7:36pm Nov 20, 2023 7:36pm
Quoting johncen
{quote} I am expecting the same here after 0950ish. In fact there is chances to 0840 but not sure if this will happen now or we will go higher first
bear will have to keep pa under 0960 otherwise we are moving towards 1.1
Patience, Emotion Control and Discipline.
  • #184,198
  • Nov 20, 2023 7:59pm Nov 20, 2023 7:59pm
Something to bear in mind: "According to Danske Bank, "EUR/USD is set to peak around 1.10 and gradually lose ground to 1.04 in 12 months." (2023-2024 Interest Rate, Exchange Rate Forecasts Updated: Danske Bank (exchangerates.org.uk)).

So, set your alarms and get ready to watch for a rejection around 1.10.
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This is one investment in a bucket of thousands!
  • #184,199
  • Nov 20, 2023 10:43pm Nov 20, 2023 10:43pm
EU is moving towards weekly R1 and 1.1000 after it broke 1.0945/60 at Asia. 1.0900/18 is support in case it close below. The trend is bullish yet and I prefer to buy retraces.

Daily volatility (range) - 43 pips

Significant news - FOMC
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  • #184,200
  • Nov 20, 2023 11:44pm Nov 20, 2023 11:44pm
Good morning, I hope you are doing well. I have just marked 1.0966 as resistance for today, and I will have to anticipate for the bears to show up. 1H, and 5M charts;
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