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New Cable Thread & Other Pairs

  • #8,821
  • Aug 1, 2024 10:21am Aug 1, 2024 10:21am
Quoting Mihisti
{quote} I also have this feeling. The question is that how much could it go up before NFP. And if we have balls to keep the shorts.
Overbought will hold market.
We watch the charts from every angle so you don't have to!!
  • #8,822
  • Aug 1, 2024 10:32am Aug 1, 2024 10:32am
Quoting pedro319
{quote} Overbought will hold market.
Let your word be heard!
  • #8,823
  • Aug 1, 2024 10:52am Aug 1, 2024 10:52am
The EUR/USD experienced a decline from 1.0835 to as low as 1.0777 due to heightened geopolitical tensions in the Middle East, which led to risk aversion and a strengthening of the safe-haven US dollar. However, after the initial jobless claims data failed to provide further support for the dollar, the pair managed to recover above the 1.0800 level, albeit with fluctuations. The EUR/USD briefly reached 1.0818 before dropping again and resuming its downward trajectory towards support levels like 1.0775 and 1.0765.

Traders should continue monitoring the geopolitical situation and its impact on market sentiment, as well as upcoming economic data releases like NFP tomorrow that could influence the US dollar's strength. Be prepared for potential volatility as the market reacts to these factors and adjusts its risk appetite accordingly.

It's been a pleasure discussing the EUR/USD movements with you. See you tomorrow again, bye!
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Looking for profitable short term trades ...|
  • #8,824
  • Aug 1, 2024 12:17pm Aug 1, 2024 12:17pm
Quoting minhtri
{quote} {image} {image}
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  • #8,825
  • Aug 1, 2024 2:38pm Aug 1, 2024 2:38pm
Quoting minhtri
{image}
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  • #8,826
  • Aug 1, 2024 2:43pm Aug 1, 2024 2:43pm
You are ready for the last hill on Gold? Let's prepare the last and biggest amunition. (my biggest is not so big)

Pedro, where is your meme: why are you selling?
You lost it at Twata thread?
  • #8,827
  • Aug 1, 2024 3:01pm Aug 1, 2024 3:01pm
Quoting Mihisti
You are ready for the last hill on Gold? Let's prepare the last and biggest amunition. (my biggest is not so big) Pedro, where is your meme: why are you selling? You lost it at Twata thread?
I have been scalping long against the lows.
I say : tomorrow there is nothing they can do to take my money from me.
If they stop me out, I will enter again with the stop above 2500, that should keep the beast away!!
I hope you guys do the same.
P.S.
This setup looks almost perfect
We have the pattern, the W&R, divergence, market needs to test pivots, overbought is not too far.
We watch the charts from every angle so you don't have to!!
  • #8,828
  • Aug 1, 2024 3:49pm Aug 1, 2024 3:49pm
[quote=pedro319;14951062]{quote} I have been scalping long against the lows. I say : tomorrow there is nothing they can do to take my money from me.

You need to dress appropriately,I dont thing you are really comitted.

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Its all just one persons opinion
  • #8,829
  • Aug 1, 2024 4:15pm Aug 1, 2024 4:15pm
GBPUSD Weekly.

Back at the trendline.... now resistance?
I think we will go through and then its lost its power and the channel rules.

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Its all just one persons opinion
  • #8,830
  • Aug 1, 2024 5:11pm Aug 1, 2024 5:11pm
GOLD M30
Possible H & S

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Its all just one persons opinion
  • #8,831
  • Aug 1, 2024 8:11pm Aug 1, 2024 8:11pm
Quoting axecap
GOLD M30 Possible H & S {image}
That will do. entered yet another short.

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Its all just one persons opinion
  • #8,832
  • Aug 1, 2024 8:41pm Aug 1, 2024 8:41pm
Quoting axecap
GBPUSD Weekly. Back at the trendline.... now resistance? I think we will go through and then its lost its power and the channel rules. {image}
GU now had a H4 close below the yearly open price.
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  • #8,833
  • Aug 1, 2024 10:36pm Aug 1, 2024 10:36pm
EUR/USD consolidated between 1.0777 & 1.0818 at Asia waiting for Fridays significant release later at the US session - NFP that expected to come lower from the previous month, a miss here below forecast will give momentum to the bulls and can break 1.0850 resistance towards the 1.0870 high but a better release will have the opposite reaction and then EU will turn more bearish again and threaten lower levels like 1.0765 and 1.0735.

Daily volatility (range) 38 pips

Option expiries for Friday: 1.0770 (EU657.1m) & 1.0850 (EU617.1m) Source: financialjuice.com

Significant news - US Nonfarm Payrolls & US Factory Orders.

1 hour
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Happy Friday!
Looking for profitable short term trades ...|
  • #8,834
  • Aug 1, 2024 11:21pm Aug 1, 2024 11:21pm
GBP/USD is also strong. BB-SQ, RSI is below 30. Is there a correction or uptrend? Watch out for small boxes on the chart. Wait for the BB to be released.
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  • #8,835
  • Edited 11:44pm Aug 1, 2024 11:33pm | Edited 11:44pm
Watching pa , may correct to 2754, while limit up 2804 but looks minimum or no space for correction in smaller tf and price may test 2700 or low before any correction ! Watching now , anyway 2720 /00 were daily sr ! take care
So 2737/49 53 may sell areas ,
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #8,836
  • Aug 2, 2024 12:32am Aug 2, 2024 12:32am
Happy new month!

For now EU is sitting below the monthly pivot at 1.0827 and closed the day below support looking for lower levels. I expect this to hold unless the NFP report or other news take us above. Following price action at these levels on the below chart step by step!

Daily - 50, 100 & 200 ma's
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Looking for profitable short term trades ...|
  • #8,837
  • Aug 2, 2024 1:09am Aug 2, 2024 1:09am
Gold
Following plan B
Sold 2467 and will keep going up to 2480
SL 2505
Risk 10% of this week's profits
We watch the charts from every angle so you don't have to!!
  • #8,838
  • Aug 2, 2024 1:18am Aug 2, 2024 1:18am
Quoting pedro319
Gold Following plan B Sold 2467 and will keep going up to 2480 SL 2505 Risk 10% of this week's profits
Im on plan F.
Setting a pending short at 3500 with SL at 5000..... and closing the chart.
Its all just one persons opinion
  • #8,839
  • Aug 2, 2024 1:23am Aug 2, 2024 1:23am
Quoting axecap
{quote} Im on plan F. Setting a pending short at 3500 with SL at 5000..... and closing the chart.
This is a lifetime chance, some ppl will never see 2500 again if it happens.
I have shorts for short medium and long term.
We watch the charts from every angle so you don't have to!!
  • #8,840
  • Aug 2, 2024 1:27am Aug 2, 2024 1:27am
Quoting pedro319
Gold Following plan B Sold 2467 and will keep going up to 2480 SL 2505 Risk 10% of this week's profits
Hi pedro, i just read about news that there is a potential that Iran will strike attack Israel to revenge the death of ismail Haniyeh. doesn't that mean gold will fly up to 2530 area if that would be happen? scary moment i think if sell gold at this current price.
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