New pack of popcorn waiting to be opened once Powell starts speaking..
- #196,781
- May 14, 2024 7:59am May 14, 2024 7:59am
- Joined Jan 2021 | Status: Trader | 2,613 Posts
- #196,783
- May 14, 2024 8:01am May 14, 2024 8:01am
{quote} i think news data will be negative just like fomc news last friday . eur may{image} hit 1.08856
Positive data --> USD is raising.
Negative data --> USD is raising after a rapid fall.
Positive data --> USD is falling after a rapid rise.
All 4 options are availible (and this is even if your data prediction is right!). That's why I never trade news. Only to know the max volatility time.
But this time you was right, of course
- #196,785
- May 14, 2024 8:07am May 14, 2024 8:07am
{quote} Negative data --> USD is falling. Positive data --> USD is raising. Negative data --> USD is raising after a rapid fall. Positive data --> USD is falling after a rapid rise. All 4 options are availible (and this is even if your data prediction is right!). That's why I never trade news. Only to know the max volatility time. But this time you was right, of course
You forgot option #5 positive data ---> USD is raising, until retail sentiment forbids EURUSD to fall as this would have been to easy
Don't follow my trades. Challenge my Analysis!
- #196,787
- May 14, 2024 8:15am May 14, 2024 8:15am
- Joined Jan 2021 | Status: Trader | 2,613 Posts
{quote} Negative data --> USD is falling. Positive data --> USD is raising. Negative data --> USD is raising after a rapid fall. Positive data --> USD is falling after a rapid rise. All 4 options are availible (and this is even if your data prediction is right!). That's why I never trade news. Only to know the max volatility time. But this time you was right, of course
- #196,788
- May 14, 2024 8:17am May 14, 2024 8:17am
{quote} i think you might have something twisted there... news were actually positive for USD (higher PPI reading -> implied deferred rate cuts), yet EURUSD was rising. You forgot option #5 positive data ---> USD is raising, until retail sentiment forbids EURUSD to fall as this would have been to easy
But if it helps you to earn money, I'm glad.
{quote} i think you might have something twisted there... news were actually positive for USD (higher PPI reading -> implied deferred rate cuts), yet EURUSD was rising. You forgot option #5 positive data ---> USD is raising, until retail sentiment forbids EURUSD to fall as this would have been to easy
- #196,795
- May 14, 2024 8:28am May 14, 2024 8:28am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Quick Pop by for quick hello, wishes for the remainder of the day, and intraday riddle/filter update 
!!
Thank you so much
bears for keeping it light and quick when under <0780 with news:
And now, let's clone
or, just as beautiful would be, Dec 13, which coincidentally also had same news day as today, and also was catapulted from same price, shall we! 
!
Price now 0815
>0805 Buy
<0800 Sell
!!Thank you so much
bears for keeping it light and quick when under <0780 with news:Happy Taco Tuesday everyone...
...Alas the 5th attempt, yesterday, worked Now, as Mr.Price dances above those determinate May 3,6,7,9-10 candle bodies(lets say 3H bodies), so does the Bull family...Mr.Price must not venture south unless it is only for very seldom tip-toing...and not for too long either...
Given the Ranging Heaven/seesaw on a year.4 scale And Price now coming back from under, Weeks of 2023.1.08 2023.3.19 2023.6.11 2023.11.12 For me, have just as much chance of being imperfectly cloned{image}
! !>0645 Buy <0640 Sell..
>0692 Buy <0687 Sell..
>0728 Buy <0723 Sell..
>0720 Buy <0715 Sell..
>0700 Buy <0695 Sell..
..>0685 Buy <0680 Sell..
>0713 Buy <0708 Sell..
...Price now 0729 >0730 Buy <0725 Sell
..Price now 0790 >0782 Buy <0777 Sell...
...Price now 0760 >0760 Buy <0755 Sell...
.. Price now 0788 >0790 Buy <0785 Sell
..Price now 0751 >0753 Buy <0748 Sell..
..Price now 0739..>0740 Buy <0735 Sell..
..Price now 07515..>0755 Buy <0750 Sell...
..Price now 07435.. >0744 Buy <0739 Sell ..
..Price now 0764.. >0758 Buy <0753 Sell ...
Price now 07835.. >0785 Buy <0780 Sell
.. Price now 0778 >0776 Buy <0771 Sell
..Price now 0764 >0765 Buy <0761 Sell
..Price now 0771
..Price now 0785 >0782 Buy <0777 Sell..
>0805 Buy
<0800 Sell
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #196,796
- May 14, 2024 8:31am May 14, 2024 8:31am
{quote} i think you might have something twisted there... news were actually positive for USD (higher PPI reading -> implied deferred rate cuts), yet EURUSD was rising. You forgot option #5 positive data ---> USD is raising, until retail sentiment forbids EURUSD to fall as this would have been to easy
BUT... what you can usually observe in the hours, days, weeks afterwards...unless this move is backed by other data and or liquidity hunts, price will eventually come back the direction it should have gone in the first place.
Im holding on to my shorts...if anything shorting just got much better R:R.
Don't follow my trades. Challenge my Analysis!
- #196,797
- May 14, 2024 8:32am May 14, 2024 8:32am
- Joined Jan 2021 | Status: Trader | 2,613 Posts
Quick Pop by for quick hello, wishes for the remainder of the day, and intraday riddle/filter update
- #196,799
- May 14, 2024 8:59am May 14, 2024 8:59am
- Joined May 2014 | Status: Full Time Trader | 27,096 Posts
Let's rock it Powell 
*1.0828 could be the bear trigger.. Let's see...
*1.0828 could be the bear trigger.. Let's see...
Focus only on what truly matters!
- #196,800
- May 14, 2024 9:05am May 14, 2024 9:05am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
{quote} happy to see you have made some profit
From the couple last daysI have lost all but 3 of my tight SLs positions also, but that is all that is needed to surpass the millions of losses
, when the uptrend starts its Volatility Dance
.At this moment, I do take more TPs than usual because of how much bulls have been stalling (last rejection of the middle at the start of April especially), but the bulk of my longs are still being managed for higher uptrend gains, and the stronger it would get, the less TPs I would have compared to trailing stops, for example...
It's all about scaling in and out for me, and the forest
The Forest matters so much more in my imperfect trading!!
More than the trees but each tree is also as valuable as the work I put in to chop it down
Now folks, as I shared before, it is time for me to sit down and relax and get ready watch the probable fireworks that would give a return from the lows to the middle of the greatest move(1270s-0440s) of the last 75 weeks of flat/choppy/sideways/Taco filled Ranging Heaven Mayhem
I hope to see you soon on the other side, cheers allll
, take great care of yourself now, even a tad more so than of your trading !!! 
If I don't mention SL and/or TP = longer-term setup possibly in the works!