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  • #196,801
  • May 14, 2024 9:14am May 14, 2024 9:14am
Quoting Js3mwtRc
{quote} Bulls did it, now its news time, its getting hot! {quote} News favoring USD no buying from me!
Keeping my rules yet, wasnt expecting this bounce but no buying, waiting for 100 daily ma and weekly R2 to see there.
Looking for profitable short term trades ...|
  • #196,802
  • May 14, 2024 9:17am May 14, 2024 9:17am
Quoting mtako
{quote}Oh, you have noticed my TPs hit, well thank you so much for the kind thoughts mate !! 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...
yup you were right about it and I was also bullish but PPI changed my mind that’s why ignore the fundamentals because they will make you blind and you will be not able to see a clear price in up or down direction. Besides, tight SL should be avoided as most of the time they get hit.
  • #196,803
  • May 14, 2024 9:18am May 14, 2024 9:18am
Quoting Bloodwish
@everyone be careful with PPI because last month was revised down by -0.35 last month and missed by +0.3% this month so net unch ish for those who believe in this
Bears took quick profits after the revisions, but now eu looks crazy to be up here.
Looking for profitable short term trades ...|
  • #196,804
  • May 14, 2024 9:41am May 14, 2024 9:41am
Quoting Js3mwtRc
{quote} Bears took quick profits after the revisions, but now eu looks crazy to be up here.
It will reverse it all tomorrow. I was expecting this spike hence my buys all these days. I just feel sad banking a bit earlier. But that's what the movers do. EU sellers were about 65% and that was q good recipe for a spike and that encouraged all my buys. Now that it's done maybe price can have some sense and move down.

I'm short at 1.0820.
  • #196,805
  • May 14, 2024 9:44am May 14, 2024 9:44am
I am short and see how lows it goes and I think it should at least goes to 1.06
  • #196,806
  • May 14, 2024 9:53am May 14, 2024 9:53am
A 5 Minutes graphic
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  • #196,807
  • May 14, 2024 9:56am May 14, 2024 9:56am
For me 1.0830 is the last strong resistance, if it’s broken then it can shoot up to 1,0860 or 1.0880
  • #196,808
  • Edited 10:22am May 14, 2024 9:57am | Edited 10:22am
Quoting Mitiblotch
{quote} It will reverse it all tomorrow. I was expecting this spike hence my buys all these days. I just feel sad banking a bit earlier. But that's what the movers do. EU sellers were about 65% and that was q good recipe for a spike and that encouraged all my buys. Now that it's done maybe price can have some sense and move down. I'm short at 1.0820.
Lets see, its moving higher now maybe 1.0840 first but the news may be a surprise for bulls. Anyway risking a small part in a good place, lets hope all go well!
Looking for profitable short term trades ...|
  • #196,809
  • May 14, 2024 10:02am May 14, 2024 10:02am
Quoting Js3mwtRc
{quote} Lets see, its moving higher mow maybe 1.0840 first but the news may be a surprise for bulls. Anyway risking a small part in a good place, lets hope all go well!
Levels and targets 4 hour
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Looking for profitable short term trades ...|
  • #196,810
  • May 14, 2024 10:13am May 14, 2024 10:13am
eur/usd warming up the engines to buy. Straight to the moon!!!
  • #196,811
  • May 14, 2024 10:21am May 14, 2024 10:21am
Quoting Js3mwtRc
{quote} Levels and targets 4 hour {image}
1 hour levels and targets - buy/sell
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Looking for profitable short term trades ...|
  • #196,812
  • May 14, 2024 10:27am May 14, 2024 10:27am
Quoting Leandro199
Good morning EurUsd Family We have broken this trend line (in orange) and let's now look for the other trend line (blank). I marked two red lines horizontally. These lines are 78.60% Fibonacci retracement zones. They are from two previous points that coincide with the trend line. With today's news I can neither confirm nor guarantee the direction of the day's trend. It may break the trend line and head towards the moon. But in case the bulls weaken, it will be a great price for the hungry bears. {image} {image}
Apparently my analysis shared earlier was prophesied haha
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  • #196,813
  • Edited 11:01am May 14, 2024 10:48am | Edited 11:01am
I would totally be on the Buy bandwagon right now, ( I have been since 1.0600) but I don't think it will last. Todays Data & info tell me otherwise. Chekout the last major drop, we had a major spike. Just remember before any major spike in a direction, usually theres a spike in the opposite direction. I'm not saying it will turn around now - I had 1.083 as resistance. I just don't feel as confident buying anymore. Good luck to all! Still a few days to kill it this week.

P.S. At least for now we have an engulfing candle on H1
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If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #196,814
  • May 14, 2024 10:49am May 14, 2024 10:49am
The EUR/USD pair experienced a quick drop after the release of better than expected US PPI numbers, reaching a low of 1.0766. However, the initial bearish momentum seemed to fade as traders likely took quick profits due to revisions in previous data. This led to a high of 1.0825, which is close to the 100 day moving average and the weekly R2 level.

The 1.0825 level may act as strong resistance if the EUR/USD closes the day below it. Nonetheless, upcoming red news events have the potential to cause volatility and break through resistance levels, so it is crucial to maintain proper risk management if you plan to sell after the close.

If the pair continues to rise, the next resistance levels to watch are 1.0865 and 1.0885. On the support side, levels at 1.0797 and 1.0765/60 may come into play if the pair faces downward pressure.
Have a great rest of your trading day, see you tomorrow!
Looking for profitable short term trades ...|
  • #196,815
  • May 14, 2024 10:58am May 14, 2024 10:58am
I am short at 1.0820. I will add more Sells higher. I believe the top of this move could be around 1.0830.

My target is 1.0690.
Observation is the path to discovery.
  • #196,816
  • May 14, 2024 11:17am May 14, 2024 11:17am
I'm pissed off. Data is massively hot and they managed to talk the dollar down? This was massive manipulation, and yes it looked like a bullish breakout, but how is it possible? The market sees the data and manages to price in rate cuts? How does the dollar fall like that? PPI is always so garbage for PA. Tomorrow CPI, I'm short for. 200 pips.
  • #196,817
  • May 14, 2024 11:28am May 14, 2024 11:28am
Quoting chacho.fx
I'm pissed off. Data is massively hot and they managed to talk the dollar down? This was massive manipulation, and yes it looked like a bullish breakout, but how is it possible? The market sees the data and manages to price in rate cuts? How does the dollar fall like that? PPI is always so garbage for PA. Tomorrow CPI, I'm short for. 200 pips.
Just stick to your game plan, the manipulation is meant to take people off their game plan, & get peoples feathers ruffled lol I am also a bit shocked, but I will keep my short at 1.082 & just be patient. Every 10 pips it goes up, from there I'll just add another short
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #196,818
  • May 14, 2024 11:30am May 14, 2024 11:30am
Quoting chacho.fx
I'm pissed off. Data is massively hot and they managed to talk the dollar down? This was massive manipulation, and yes it looked like a bullish breakout, but how is it possible? The market sees the data and manages to price in rate cuts? How does the dollar fall like that? PPI is always so garbage for PA. Tomorrow CPI, I'm short for. 200 pips.
inflation is still up in the US, everything is already priced in and the news changed nothing.
The pair continued what it was doing before, the spike down was normal shenanigans
don't mistake short term trend with the longer trend, you wanted a quick profit in daytrading considering fundamentals that will not change things in a couple of hours. The pair still seems to go down, and this is the retracement... or not, we are at a key level we will have our answer soon

my 2 cents
  • #196,819
  • May 14, 2024 11:37am May 14, 2024 11:37am
I confirm it was a very strange day
I don't know if you feel the same sentiment from 16-17 april is very hard to follow normal trading rules

stay safe
Hoya_Chief Return Today: na
  • #196,820
  • May 14, 2024 11:49am May 14, 2024 11:49am
Quoting chacho.fx
I'm pissed off. Data is massively hot and they managed to talk the dollar down? This was massive manipulation, and yes it looked like a bullish breakout, but how is it possible? The market sees the data and manages to price in rate cuts? How does the dollar fall like that? PPI is always so garbage for PA. Tomorrow CPI, I'm short for. 200 pips.
The more you spend time on this thread, you will slowly begin to understand why majority of members here are highly valuable. There are many reasons why we were bullish at the time you posted that question but too long to explain.

Welcome to "EURUSD only"
Focus only on what truly matters!
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