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  • #5,301
  • Aug 15, 2024 7:13am Aug 15, 2024 7:13am
Quoting RedAllOver
Some historical views ahead of todays US news; Core Retail Sales m/m - 3 times in the last 10 years results have been below expectation; once in last 5 years Retails Sales m/m - 5 times in the last 10 years results have been below expectation; three times in last 5 years Unemployment Claims w/w - Between Apr 2023 to latest update, unemployment claims were below expectation 118 times versus 107 above or equal to; In the last 12 months unemployment claims were below expectation 34 times versus 19 times above or equal to Of course, in reality these...
It's as if I'm watching Football match on beIN Sports, listening to the commentator with his passionate tone. Well done!
Successful trading is knowing yourself, not the market.
demo5 All Time Return: 177.6%
  • #5,302
  • Aug 15, 2024 7:22am Aug 15, 2024 7:22am
The bull is pushing up lets see if the news help him in some minutes!
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  • #5,303
  • Aug 15, 2024 7:23am Aug 15, 2024 7:23am
Guys, News time is approaching Hopefully we will get rid of this range...
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Ignore medium impact!
Stop Procrastinating
  • #5,304
  • Aug 15, 2024 7:27am Aug 15, 2024 7:27am
Some historical views ahead of todays US news; Core Retail Sales m/m - 3 times in the last 10 years results have been below expectation; once in last 5 years [For the month of August]

Retails Sales m/m - 5 times in the last 10 years results have been below expectation; three times in last 5 years [For the month of August]

Unemployment Claims w/w - [All weeks] between Apr 2023 to latest update, unemployment claims were below expectation 118 times versus 107 above or equal to; In the last 12 months unemployment claims were below expectation 34 times versus 19 times above or equal to Of course, in reality these figures mean absolutely nothing but thought I'd share ...


There is an important omission I made from this, apologies. Corrected now ...
Don't you know that I'm loco ...
  • #5,305
  • Aug 15, 2024 7:28am Aug 15, 2024 7:28am
Quoting naseyllc
{quote} It's as if I'm watching Football match on beIN Sports, listening to the commentator with his passionate tone. Well done!
I don't know if US retail sales will get me as happy as a Mo Salah winner but we can see
Don't you know that I'm loco ...
  • #5,306
  • Edited 9:14am Aug 15, 2024 7:36am | Edited 9:14am
Quoting Js3mwtRc
The bull is pushing up lets see if the news help him in some minutes!
No way with these numbers! poor bull!
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  • #5,307
  • Aug 15, 2024 7:42am Aug 15, 2024 7:42am
I only ask for 100 pips
  • #5,308
  • Aug 15, 2024 7:43am Aug 15, 2024 7:43am
Pure slaughter. I hope everyone used SLs
  • #5,309
  • Aug 15, 2024 7:51am Aug 15, 2024 7:51am
Quoting ahmerjamil
Guys, News time is approaching Hopefully we will get rid of this range... {image} Ignore medium impact!
Amazing bears, Ummahh!
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Stop Procrastinating
  • #5,310
  • Aug 15, 2024 7:53am Aug 15, 2024 7:53am
Quoting vankola
Pure slaughter. I hope everyone used SLs
Where is the end of first round? 1.0925 ? Buyers taking serious hits and cornered in
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  • #5,311
  • Aug 15, 2024 7:54am Aug 15, 2024 7:54am
Dollar has closed a D1 imbalance thanks to the positive data. EU still has some distance (20 pips) to cover the same gap. Seems probable today.
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Don't you know that I'm loco ...
  • #5,312
  • Aug 15, 2024 7:58am Aug 15, 2024 7:58am
Quoting ahmerjamil
And if you look at H4, It also looks like a bullish channel... {image}
Right now we have H4 Trendline support at 1.0938!
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Stop Procrastinating
  • #5,313
  • Aug 15, 2024 8:05am Aug 15, 2024 8:05am
Quoting ahmerjamil
{quote} Right now i have H4 Trendline support at 1.0938! {image}
Thanks brother.
  • #5,314
  • Aug 15, 2024 8:45am Aug 15, 2024 8:45am
And note one thing, As the buyers increase, The price will decrease...
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Stop Procrastinating
  • #5,315
  • Aug 15, 2024 9:37am Aug 15, 2024 9:37am
Sell below 1.0988, buy above and use stops!

4 hours
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  • #5,316
  • Aug 15, 2024 9:57am Aug 15, 2024 9:57am
Quoting ahmerjamil
And now I see something like this in Daily, First buying area 1.0996, either I want to see the price down to 1.0963! {image}
If you remember this!
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Stop Procrastinating
  • #5,317
  • Aug 15, 2024 10:03am Aug 15, 2024 10:03am
Quoting ahmerjamil
{quote} If you remember this! {image} {image}
Right on the spot! How does the pattern is called?
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  • #5,318
  • Aug 15, 2024 10:12am Aug 15, 2024 10:12am
Quoting Js3mwtRc
{quote} Right on the spot! How does the pattern is called?
It is a butterfly pattern but the center part has gone up a bit!
Stop Procrastinating
  • #5,319
  • Aug 15, 2024 10:21am Aug 15, 2024 10:21am
Quoting ahmerjamil
{quote} It is a butterfly pattern but the center part has gone up a bit!
Ok, thanks! Hope you get your bull target!
Looking for profitable short term trades ...|
  • #5,320
  • Aug 15, 2024 10:47am Aug 15, 2024 10:47am
After initially declining from 1.0911 to 1.0849 due to positive US economic news, EUR/USD managed to rebound significantly when US industrial production data missed expectations. The market's prediction of a 0.50% rate cut in September diminished as the US data exceeded forecasts. However, the weaker-than-expected industrial production figures provided a boost to EUR/USD, leading to a recovery from the earlier losses.

At the moment, the 1.0988 resistance level is acting as a barrier to further gains for EUR/USD. It is crucial for bears to act quickly to preserve their positions, or else the pair may consolidate and potentially attempt to reach higher levels.

It is wise for traders to remain proactive and keep a close eye on upcoming economic data releases, as these events can influence market sentiment and price movements in the EUR/USD pair.

See you again tomorrow, bye!
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