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EURUSD only

  • #185,801
  • Dec 21, 2023 4:06am Dec 21, 2023 4:06am
With the new H4 candle, main resistance has now shifted to 1.0961... On this timeframe, bears have the upper hand..
Focus only on what truly matters!
  • #185,802
  • Dec 21, 2023 4:41am Dec 21, 2023 4:41am
Even if bulls attack during intraday, the red edge will make things difficult.

I personally would say: while price is below 1.0964 for the next 8 hours, bears won't give up. But they have to defeat 1.0930 support area to force price lower!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4.png Size: 22 KB
Focus only on what truly matters!
  • #185,803
  • Edited 5:50am Dec 21, 2023 5:39am | Edited 5:50am
Interesting upthrust... Seems like EURO market makers found some positive motivation.. Probably latest rumors from Guindos that inflation is fading out..
Attached Image (click to enlarge)
Click to Enlarge Name: Guindos.png Size: 26 KB
Focus only on what truly matters!
  • #185,804
  • Dec 21, 2023 5:49am Dec 21, 2023 5:49am
Quoting Ata-Turkoglu
Interesting upthrust... Seems like EURO market makers found some positive motivation.. Probably latest rumors from Guindos that inflation is fading out..
Technical this market is trying to turn more bullish, but I dont believe to rumors, every move up will fade!
Looking for profitable short term trades ...|
  • #185,805
  • Dec 21, 2023 5:59am Dec 21, 2023 5:59am
Quoting pedro319
{quote} Let's see if we can get to 1.1040 within a couple of sessions. H4 AB=CD {image}
We watch the charts from every angle so you don't have to!!
  • #185,806
  • Dec 21, 2023 6:01am Dec 21, 2023 6:01am
As a caring fellow trader I will remind again. Hahaha
Attached Image (click to enlarge)
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  • #185,807
  • Dec 21, 2023 6:04am Dec 21, 2023 6:04am
From this point forwards, if bears can't protect 1.0995 area, bulls will definitely rally much higher. Let's see...
Focus only on what truly matters!
  • #185,808
  • Dec 21, 2023 6:11am Dec 21, 2023 6:11am
Quoting Mitiblotch
As a caring fellow trader I will remind again. Hahaha {image}
Retail is wrong most of the time but sometimes (once or twice like broken clock) they are right.
So, COT yes, this, not so important to me.
We watch the charts from every angle so you don't have to!!
  • #185,809
  • Dec 21, 2023 6:23am Dec 21, 2023 6:23am
Quoting vankola
Good Evening, Short here towards 1.0925 now and 0893. In my wildest dreams 078... but that's far if some downward move doesn't happen today or tomorrow. SL: 1.09888888888 Cheers and keep them green.
Almost got me, it will bite me crazy in next hour probably... no test of 0925 and 090? Wow EU is going to the moon or what
  • #185,810
  • Dec 21, 2023 6:31am Dec 21, 2023 6:31am
Quoting vankola
{quote} Almost got me, it will bite me crazy in next hour probably... no test of 0925 and 090? Wow EU is going to the moon or what
It's inevitable, second leg showing thrust and faster than the first.
We watch the charts from every angle so you don't have to!!
  • #185,811
  • Dec 21, 2023 6:36am Dec 21, 2023 6:36am
Quoting Mitiblotch
{quote} Holding every one of my buys.
Cautious...
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-12-21_EURUSD_H1_JBRolim=-.png Size: 37 KB
"No pain no gain"
  • #185,812
  • Dec 21, 2023 6:41am Dec 21, 2023 6:41am
Quoting Endoephemera
{quote} What's the deal Mitch? Retails positions have been way more polarized than 60-40. It's meaningless. The up break from the triangle past few days is fake. Plus my guy at Goldman Sux told me it's 1.09 first. PS The retail stat is sentiment anyway. It's not even positions.
You only need know how to use it. It doesn't provide signals. I have once in a while looked at it over the years and it rarel fails. What's the key? Look for extremes. When there are extremes like 70 - 30 it rarely ever fails. In fact, I have not seen it fail in such cases. And then for every pair one should know when it reverses. For example, EURUSD usually does not get to 80 - 20 before it reverses and goes the way of the majority. Some other pairs I cannot mention here (due to thread rules) can go up to 93 - 7 before reversing.

The key is in knowing how to use it. Take it from me that if one shorts EU when we have 70% sellers that trade would be in a draw down for a good while before reversing. Sometimes it reverses after taking out SL. At other times, such extremes only means that a spike would come for you to join the majority.

In all, it might be meaningless to you, but not to people who look at it once in a while.
  • #185,813
  • Dec 21, 2023 6:43am Dec 21, 2023 6:43am
Quoting JBRolim
{quote} Cautious... {image}
Yeah, but price is out of the triangle. Best thing is to bank some and then move SL into profit.
  • #185,814
  • Dec 21, 2023 6:51am Dec 21, 2023 6:51am
Quoting Mitiblotch
{quote} You only know how to use it. I have once in a while looked at it over the years and it rarel fails. What's the key? Look for extremes. When there are extremes like 70 - 30 it rarely ever fails. In fact, I have not seen it fail in such cases. And then for every pair one should know when it reverses. For example, EURUSD usually does not get to 80 - 20 before it reverses and goes the way of the majority. Some other pairs I cannot mention here (due to thread rules) can go up to 93 - 7 before reversing. The key is in knowing how to use it. Take...
I am considering at the holiday volume and then ask to myself, are sellers poised to add more on bearish positions or the sentiment will disappoint me one more time?

The case is hard especially when all taking profits for the long weekend, but from the other money may poor in the eu because of the same reason
Looking for profitable short term trades ...|
  • #185,815
  • Dec 21, 2023 7:01am Dec 21, 2023 7:01am
Quoting Mitiblotch
{quote} Yeah, but price is out of the triangle. Best thing is to bank some and then move SL into profit.
I see fan 90.0 as main support, price stopped at 50.0
Sold at last touch of H1 candle on fibo fan 50.0 Price 1.09858, TP 1.0936...Buy limit 1.0936, TP 1.10500... 138.2 fibo retracement is 1.10553...
Uses safety equipment...
"No pain no gain"
  • #185,816
  • Dec 21, 2023 7:07am Dec 21, 2023 7:07am
Quoting Js3mwtRc
{quote} I am considering at the holiday volume and then ask to myself, are sellers poised to add more on bearish positions or the sentiment will disappoint me one more time? The case is hard especially when all taking profits for the long weekend, but from the other money may poor in the eu because of the same reason
I think price might behave however it wants today then tomorrow things would normalise then volume thins out. But I also know that low volume means price cam be stagnant or easily manipulated. News in less than 30 mins.
  • #185,817
  • Dec 21, 2023 7:08am Dec 21, 2023 7:08am
Waiting for final red data of the day... (22 minutes)

Will data help bulls to crack 1.0995 area? Stay alert!
Focus only on what truly matters!
  • #185,818
  • Dec 21, 2023 7:13am Dec 21, 2023 7:13am
Quoting Mitiblotch
{quote} I think price might behave however it wants today then tomorrow things would normalise then volume thins out. But I also know that low volume means price cam be stagnant or easily manipulated. News in less than 30 mins.
For me if, news cant get it to the upper band then what can!

1 hour
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 61 KB
Looking for profitable short term trades ...|
  • #185,819
  • Dec 21, 2023 7:18am Dec 21, 2023 7:18am
FX option expiries for December 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
- EUR/USD: EUR amounts

  1. 1.0830 1.4b
  2. 1.0845 953m
  3. 1.0900 1.6b
  4. 1.0955 1.5b
  5. 1.1000 1.1b

Live long and prosper with green pips!
  • #185,820
  • Edited 8:01am Dec 21, 2023 7:21am | Edited 8:01am
Quoting Js3mwtRc
{quote} For me if, news cant get it to the upper band then what can! 1 hour {image}
I'm going to have my bath. Kindly make sure to give me a good price before I come back. I have banked my buys and hedged the rest so this is a hands-free trade. Hehehe...
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