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  • #7,301
  • Jul 16, 2024 5:30am Jul 16, 2024 5:30am
[quote=Alorente;14932772]
Quoting pedro319
{quote} How are you playing it? Are you long now? Waiting for levels to be reached to short? To me, 2450/2460 looks like a possible top. If that goes, 2500 seems reachable.
The way to play this is very simple.
Market is approaching overbought level on D1 2450-60, we could get W&R of the highs and then extended downside.
So, no buying at all, take profits from your longs, throw a few shorts, the higher the better and ...wait!!
We watch the charts from every angle so you don't have to!!
  • #7,302
  • Jul 16, 2024 5:35am Jul 16, 2024 5:35am
[quote=pedro319;14932782]
Quoting Alorente
{quote} The way to play this is very simple. Market is approaching overbought level on D1 2450-60, we could get W&R of the highs and then extended downside. So, no buying at all, take profits from your longs, throw a few shorts, the higher the better and ...wait!!
I agree with your levels. Attached is the H4 wedge that gives a clue of the drop we may be nearing. EurUsd should drop also. We´ll see.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #7,303
  • Jul 16, 2024 5:38am Jul 16, 2024 5:38am
[quote=Alorente;14932790]
Quoting pedro319
{quote} I agree with your levels. Attached is the H4 wedge that gives a clue of the drop we may be nearing. EurUsd should drop also. We´ll see. {image}
Exactly what we need, a beautiful wedge.
We watch the charts from every angle so you don't have to!!
  • #7,304
  • Jul 16, 2024 5:38am Jul 16, 2024 5:38am
EUR/USD continues to trade within the established range between 1.0883 and 1.0923 after briefly attempting to find stability above the key 1.0900 level earlier today. The German ZEW sentiment data release did not provide the necessary support to maintain the position above 1.0900, causing the pair to trade below this level once again.

Currently, there are indications that EUR/USD may attempt to reclaim the 1.0900 level as support and reach 1.0923 or higher following the recent minor decline. However, it is essential to be cautious, as possible negative market sentiment later in the day could potentially get in the way of this effort.

More levels - 1.0942 and 1.0860

Next on the news: US Retail Sales
Looking for profitable short term trades ...|
  • #7,305
  • Jul 16, 2024 5:51am Jul 16, 2024 5:51am
Quoting minhtri
{quote} {image} {image} {image}
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  • #7,306
  • Jul 16, 2024 6:01am Jul 16, 2024 6:01am
GU
D1 natural support.
It's clear where support is ! Might be able to combine with something else.
Attached Image (click to enlarge)
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We watch the charts from every angle so you don't have to!!
  • #7,307
  • Jul 16, 2024 6:42am Jul 16, 2024 6:42am
GU : Previous D1 brokenoutside band. For me not sell
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  • #7,308
  • Jul 16, 2024 7:03am Jul 16, 2024 7:03am
Quoting birdland
so today GU is high possibility of a shortday
for the afternoon now we have a different picture.

it will rather push through 1.3000 than go down below 1.2950
trading is like dancing, don't think and just listen to the music!
  • #7,309
  • Jul 16, 2024 7:11am Jul 16, 2024 7:11am
Quoting birdland
{quote} for the afternoon now we have a different picture. it will rather push through 1.3000 than go down below 1.2950
I have been waiting for the push to over 1.3 to short it. Missed some down side but better to have a plan and trade the plan than to try and play catch up after a loss.
  • #7,310
  • Jul 16, 2024 7:17am Jul 16, 2024 7:17am
Quoting SmallGains
{quote} I have been waiting for the push to over 1.3 to short it. Missed some down side but better to have a plan and trade the plan than to try and play catch up after a loss.
everybody wants to short, but it seems we are in a new bullmarket and its generally then better to go long and shorting can be dangerous.
trading is like dancing, don't think and just listen to the music!
  • #7,311
  • Jul 16, 2024 7:18am Jul 16, 2024 7:18am
Quoting birdland
{quote} everybody wants to short, but it seems we are in a new bullmarket and its generally then better to go long and shorting can be dangerous.
Yea sometimes you just have to go against what everyone else sees and trust the trend.
  • #7,312
  • Jul 16, 2024 7:24am Jul 16, 2024 7:24am
Quoting minhtri
GU : D1 brokenoutside band trước. Đối với tôi không bán{image} {image}
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  • #7,313
  • Jul 16, 2024 7:30am Jul 16, 2024 7:30am
Quoting SmallGains
{quote} Yea sometimes you just have to go against what everyone else sees and trust the trend.
I think most went long now if you ask me lol
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
  • #7,314
  • Jul 16, 2024 7:33am Jul 16, 2024 7:33am
Quoting Fxgfitking
{quote} I think most went long now if you ask me lol
Yea could be...lots see high targets but those take time.
  • #7,315
  • Jul 16, 2024 7:37am Jul 16, 2024 7:37am
I shorted at 1.2965 and 77, closed 50% at 1.2958 speculating on good numbers due to past news. I didn''t expect that good numbers ,- even more i'm impressed by the low gap down on such numbers also.

But one thing is clear: That puts interest rate lowering more back than september. Figures are still showing US is still struggeling to cool down all over board - which is nessesary for rate cut.

Market is sick of all that good numbers, haha. Well,... not so funny when I see the low volatility due to that fact. USD/JPY way too low now. Let's see how day is playing out.
  • #7,316
  • Jul 16, 2024 7:47am Jul 16, 2024 7:47am
Quoting Bflyfx
Sold EU and GU same as Fri.
I only follow traders with IQ above 160
  • #7,317
  • Jul 16, 2024 7:47am Jul 16, 2024 7:47am
Quoting birdland
{quote} everybody wants to short, but it seems we are in a new bullmarket and its generally then better to go long and shorting can be dangerous.
I don´t think we are in a new bull market. I think you just had a triple top in Gold and it is now dropping as it should.
Observation is the path to discovery.
  • #7,318
  • Jul 16, 2024 7:50am Jul 16, 2024 7:50am
Go Dixie Go!
Its all just one persons opinion
  • #7,319
  • Jul 16, 2024 7:53am Jul 16, 2024 7:53am
EU
Target for shorts 1.0822, it's also where I would like to turn the horse around.
We watch the charts from every angle so you don't have to!!
  • #7,320
  • Jul 16, 2024 7:55am Jul 16, 2024 7:55am
Quoting pedro319
EU Target for shorts 1.0822, it's also where I would like to turn the horse around.
I have 1.08531 as ADR for today
Its all just one persons opinion
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