Observation is the path to discovery.
New Cable Thread & Other Pairs
- #8,142
- Jul 25, 2024 9:54am Jul 25, 2024 9:54am
- Joined Aug 2010 | Status: absolute beginner | 5,464 Posts
{quote} Indeed, all day I am in battles with the EU, GU was more submissive,{image}
but managed to get out of the shorts 4 hours after LO. (the last closed trade was just a "lucky" ADR limit order)
trading is like dancing, don't think and just listen to the music!
- #8,145
- Jul 25, 2024 9:59am Jul 25, 2024 9:59am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
EU
All the candlesticks in the collection!!
All the candlesticks in the collection!!
We watch the charts from every angle so you don't have to!!
- #8,147
- Jul 25, 2024 10:01am Jul 25, 2024 10:01am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
{quote} Talk about very confusing signals lol!
arket makers are bored too!!At support these candles may indicate reversal, we are at support.
We watch the charts from every angle so you don't have to!!
- #8,148
- Jul 25, 2024 10:01am Jul 25, 2024 10:01am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #8,149
- Jul 25, 2024 10:07am Jul 25, 2024 10:07am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
{quote} Stop moved to BE +1
We watch the charts from every angle so you don't have to!!
{quote} I have couple longs in red but I am holding on to them. No stress!
- #8,151
- Jul 25, 2024 10:13am Jul 25, 2024 10:13am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
{quote} I have couple longs in red but I am holding on to them. No stress!
What is your TP ?
Observation is the path to discovery.
- #8,153
- Jul 25, 2024 10:17am Jul 25, 2024 10:17am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
We watch the charts from every angle so you don't have to!!
- #8,154
- Jul 25, 2024 10:19am Jul 25, 2024 10:19am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
- #8,155
- Jul 25, 2024 10:24am Jul 25, 2024 10:24am
IMPORTANT QUESTION FOR TODAY 
I know technically that usdjpy, Eurusd and Gpbusd can all be bullish for maybe 1 or 2 days
But fundamentally how does that happen coz uj,EU,gu got bullish h&S on the H4,H1,M30,M15 tf I get it technically
But fundamentally doesn't make any sense to me coz if it's good for USD (advance gdp and unemployment claims) it's bad for GU, EU etc or is that concept a fallacy
Somebidy please explain to me like a child coz I'm three years old trading still a kid in this game and I'm long on uj got floating profits and I'm terrified to short EU,gu coz they are technically bullish too
I know technically that usdjpy, Eurusd and Gpbusd can all be bullish for maybe 1 or 2 days
But fundamentally how does that happen coz uj,EU,gu got bullish h&S on the H4,H1,M30,M15 tf I get it technically
But fundamentally doesn't make any sense to me coz if it's good for USD (advance gdp and unemployment claims) it's bad for GU, EU etc or is that concept a fallacy
Somebidy please explain to me like a child coz I'm three years old trading still a kid in this game and I'm long on uj got floating profits and I'm terrified to short EU,gu coz they are technically bullish too
Rra di chelete
- #8,157
- Jul 25, 2024 10:36am Jul 25, 2024 10:36am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
IMPORTANT QUESTION FOR TODAY
No one knows which is going where??
Most time, data release create sufficient volatility for the technicals to play out, if you are reading the market correctly.
Sometimes everything fails, yes, but that is not the rule it's the exception.
So, you could not compute the data release in seconds (includes not only the impact short term but also investors perception)
You see where I am going with this.
Short term stick to techs.
Second- Data that involves changes in monetary policy
Those ones I don't go anywhere near the keyboard.
Technical bounces happen because market has it's rules as well and stays within those rules most of the time.
I could not possibly read it the way I do if it wasn't for that.
We watch the charts from every angle so you don't have to!!
- #8,158
- Jul 25, 2024 10:44am Jul 25, 2024 10:44am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
So, the US economy grew faster than expected in the second quarter, expanding at a 2.8% rate. This was mainly driven by consumers shopping more. Interestingly, this growth happened while inflation pressures eased, and jobless claims were as predicted. With all these factors in play, there's still a 100% chance that the Federal Reserve will cut interest rates in September.
But hold your horses - tomorrow's PCE inflation reading might shake things up! The US economy has been surprisingly strong despite high interest rates and inflation, thanks to solid job gains and increased wages. However, high borrowing costs are starting to affect both households and businesses.
So, while the US economy seems to be in a good place, it's essential to keep an eye on the data and upcoming events. Things could change quickly in this ever-evolving economic landscape!
Alright folks, let's talk EUR/USD! It's been chilling near the top of the 1.0866 - 1.0825 range, which was the high and low points earlier. If the pair decides to move higher, there's some resistance waiting at the 1.0871/82 level. However, I think the 1.0825/30 level should hold steady until tomorrow, barring any big surprises. Keep an eye out for any unexpected news or developments, but for now, it looks like EUR/USD is playing it cool.
See you again tomorrow, bye!
But hold your horses - tomorrow's PCE inflation reading might shake things up! The US economy has been surprisingly strong despite high interest rates and inflation, thanks to solid job gains and increased wages. However, high borrowing costs are starting to affect both households and businesses.
So, while the US economy seems to be in a good place, it's essential to keep an eye on the data and upcoming events. Things could change quickly in this ever-evolving economic landscape!
Alright folks, let's talk EUR/USD! It's been chilling near the top of the 1.0866 - 1.0825 range, which was the high and low points earlier. If the pair decides to move higher, there's some resistance waiting at the 1.0871/82 level. However, I think the 1.0825/30 level should hold steady until tomorrow, barring any big surprises. Keep an eye out for any unexpected news or developments, but for now, it looks like EUR/USD is playing it cool.
See you again tomorrow, bye!
Looking for profitable short term trades ...|
{quote} yes, it was tricky for me also. i started with small losses (which happens often;-) and then this strange stophunt above 1.2900 from my friends. but managed to get out of the shorts 4 hours after LO. (the last closed trade was just a "lucky" ADR limit order) {image}
'In the clearing stands a boxer And a fighter by his trade..'
- #8,160
- Jul 25, 2024 10:55am Jul 25, 2024 10:55am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++