I WILL EMERGE VICTORIOUS !!! Sent it to the butchers...{image}
What a day!
'In the clearing stands a boxer And a fighter by his trade..'
New Cable Thread & Other Pairs
- #9,005
- Aug 2, 2024 10:40am Aug 2, 2024 10:40am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #9,006
- Aug 2, 2024 12:12pm Aug 2, 2024 12:12pm
- Joined May 2021 | Status: Trader | 7,225 Posts
Sometimes fail{image}
People don't plan to lose. They lose because they don't plan.
- #9,007
- Aug 2, 2024 6:46pm Aug 2, 2024 6:46pm
- Joined Jul 2011 | Status: Trader | 3,149 Posts
Holy Betting Grail strategy
- #9,008
- Aug 3, 2024 12:09am Aug 3, 2024 12:09am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,452 Posts
After printing a record weekly up candle, EUR/USD has stabilized below the 1.0948 resistance level. The pair reached a high of 1.0926 from a low of 1.0777, following the worse-than-expected NFP and unemployment rate news, which sparked expectations of more rate cuts from the Federal Reserve starting in September.
In the short-term, we can expect the pair to consolidate and find support at levels like 1.0870 or 1.0895/1.0905, potentially setting the stage for another leg up towards higher resistance levels at 1.0960 & 1.0980.
There is a good chance that the uptrend may continue and reach the 1.1000/38 region, but it will likely require some time for the uptrend to develop. Dips below the 1.0870 level could slow down this process, while the 1.0827 and 1.0800 levels should act as solid support, preventing deeper declines.
Traders should remain patient and keep a close eye on price action to identify potential entry points and opportunities to capitalize on this developing uptrend.
Weekly volatility (range) 87 pips
Option expiries for Monday: 1.0975 (EU801.8m) & 1.0900 (EU718.4m) Source: financialjuice.com
Significant news - US Trade Balance & US Initial Jobless Claims.
Daily
Have great rest of the weekend!
In the short-term, we can expect the pair to consolidate and find support at levels like 1.0870 or 1.0895/1.0905, potentially setting the stage for another leg up towards higher resistance levels at 1.0960 & 1.0980.
There is a good chance that the uptrend may continue and reach the 1.1000/38 region, but it will likely require some time for the uptrend to develop. Dips below the 1.0870 level could slow down this process, while the 1.0827 and 1.0800 levels should act as solid support, preventing deeper declines.
Traders should remain patient and keep a close eye on price action to identify potential entry points and opportunities to capitalize on this developing uptrend.
Weekly volatility (range) 87 pips
Option expiries for Monday: 1.0975 (EU801.8m) & 1.0900 (EU718.4m) Source: financialjuice.com
Significant news - US Trade Balance & US Initial Jobless Claims.
Daily
Have great rest of the weekend!
Looking for profitable short term trades ...|
- #9,010
- Aug 3, 2024 7:23pm Aug 3, 2024 7:23pm
- Joined Aug 2017 | Status: Trader | 3,296 Posts
{quote} definitely a retracement on the cards before either dropping again or change structure, London opening will tell, expecting 50% on the fib from Fridays daily
Gold would normally go up in a recession. I think the move was the "big boys" taking advantage of the reaction (over reaction?) to the employment numbers
and taking profits. If the recession is real then the money coming out of shares will go into gold. Price goes back up and beyond to 2540
The sellers on friday buy back on monday....and rinse and repeat.
Or on reflection the numbers arent really that bad and shares are now cheapish and buyers step in on monday and gold continues lower.
Or an indecisive messy mix of both until later in the week.
Its all just one persons opinion
- #9,015
- Aug 4, 2024 7:25pm Aug 4, 2024 7:25pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
from here I wait againFor me, as some of you might remember, 0915 is very important for me. A day close >0915 is all I need to by me a plane ticket for some well deserved vacation. The earlier, the luckier I'd be, but dont get me wrong dear big bulls, take all the time you need to place your pieces in play! Sustainability is of utmost importance ! Buy stop 08674 SL4TP1400
As for me, I am still on vacation. See you all, at the very latest, in the next quarter! And until then, keep on trading and being YOU, with your good vibes, your groovy hot dance moves, and your contagious laughter and kindness!!!!!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #9,016
- Aug 4, 2024 8:34pm Aug 4, 2024 8:34pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,452 Posts
Looking for profitable short term trades ...|
- #9,018
- Aug 4, 2024 9:42pm Aug 4, 2024 9:42pm
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,452 Posts
Looking for profitable short term trades ...|
- #9,019
- Aug 4, 2024 10:33pm Aug 4, 2024 10:33pm
- Joined Jul 2023 | Status: Trader | 1,484 Posts
{quote} definitely a retracement on the cards before either dropping again or change structure, London opening will tell, expecting 50% on the fib from Fridays daily Anyway, big boys fearing a recession then? https://www.cnbc.com/2024/08/03/warr...-in-apple.html Intel records worst dip ever as well, fun times! This meme made me laugh, Big Daddy J IS trying his best! {image}
Here's to another week of blues!
As expected, 50% retracement done and TP just before the big drop lol. Now shall wait for London opening, really wanna go long but I'd rather wait for confirmation and not get caught to London manipulation, bear momentum might yet continue for liquidity grab even though everything is pointing towards bullish momentum.
Good luck for the new week guys, remember to not YOLO your trades
