EURUSD Only

it took me 2 hours to work out where i went wrong

my plan was to start after london session open

this was a surprise

[quote=PatienceFx;14909841]{quote} it took me 2 hours to work….

Friend, very often we refer to the H1, H4 and D1 graphs. You know that the head of an organization has a better overall picture than each employee. Or so it should be. Look what the boss tells us in this case.

Another high/low that will not be improved upon but instead it will likely reverse??? So - to 1.0635 or not?
And regarding stops - it seems the only good one for shorts is 1.0855 and for longs 1.0598? At least for now - then, as usual, look for a tighter stop and load up?

WHAT A RANGE CLASSIC.

Let's see:
- short @ 1.0732 with a 120-pip stop
- add on the way down to, say 4x initial size and 30-pip stop from the average. Netting account helps with that.

Sounds like a plan...

Both the EUR and European Equities saw decent outperformance against their US counterparts yesterday.
The OAT/Bund spreads showed some calm yesterday with the spread falling 4 basis points from 0.76% to 0.72%. With the French snap elections coming up on Sunday, markets have already priced in a fair bit of risk premium on the fiscal side.
Arguably, the potential negative impact from a hung parliament (assuming Macron doesn't step down) or a far-right majority victory might already reflected in spread and implied volatility across the EUR pairs.
Also worth noting that this week is month-end, quarter-end and half-year end, so we might also be seeing some rebalancing flows in the mix, which will have nothing to do with the macro or idiosyncratic risks in play right now.


but the fact cannot be denied that i missed a trading opportunity from 1.07 to weekly R1 1.0745

M30 & H1 macd

my first task today

work on the opportunity cost

adding sub levels
if price goes to 750 and rsi remains below previous high, then we may see an rsi price divergence

meanwhile yen intervention going on

You are right, this is the target.

Powell said that they want to see 2-3 readings of 0.2 or lower of this index and then they will reduce interest rates. And what he is saying now is logical. And this could be a reason that determined the change in the W1 trend that has been bearish since July 2023.

had a minor operation done yesterday

h1 h4 and daily rsi are below 50 so far

i am expecting 1.0650 on this trade

[ i liked the name of this rsi indicator ]

booked that short, german consumer sentiment was the reason for the drop

price retraced as expected

let us see if we can sell from 705 again

I'm not trading this until that 705 area, around the 61.8 fib line

touched the low of the US low from the 20/6, and now we have a little drop. Volume suggests a bigger leg up