DislikedRising wedge on EU 5min. Let me support bears with their quest. Short 1121. I have not used the sell button in a while. Let's see if this wedge gives me 30 pips. {image}Ignored
8
New Cable Thread & Other Pairs
- #9,523
- Aug 22, 2024 9:37am Aug 22, 2024 9:37am
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
{quote} Close all shorts at 1108. Made my profit and got out.
Risk Management is of utmost importance!
- #9,524
- Aug 22, 2024 11:00am Aug 22, 2024 11:00am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
EURUSD experienced a decline, reaching the low seen in the previous day after a four-day continuous ascent to 1.1174. This development could indicate a more substantial retracement, particularly if the pair closes below the 1.1098 level today. While there may be some range trading towards higher levels like 1.1140, the risk of a further drop to 1.1079 remains.
Tomorrow, market participants will focus on the week's key event, the Jackson Hole Symposium, where Fed Chair Powell's speech will be closely monitored for any signals regarding a potential 0.50% rate cut in September. Such a dovish stance could trigger a significant decline in the US dollar, providing EURUSD with solid support to break above crucial levels like 1.1174 and potentially target higher levels such as 1.1275 or 1.1335. In the near term, volatility may subside, and EURUSD could consolidate.
Thank you for sharing your insights and engaging. Have a great rest of the trading day! I look forward to our next discussion. See you tomorrow!
Tomorrow, market participants will focus on the week's key event, the Jackson Hole Symposium, where Fed Chair Powell's speech will be closely monitored for any signals regarding a potential 0.50% rate cut in September. Such a dovish stance could trigger a significant decline in the US dollar, providing EURUSD with solid support to break above crucial levels like 1.1174 and potentially target higher levels such as 1.1275 or 1.1335. In the near term, volatility may subside, and EURUSD could consolidate.
Thank you for sharing your insights and engaging. Have a great rest of the trading day! I look forward to our next discussion. See you tomorrow!
Looking for profitable short term trades ...|
- #9,525
- Aug 22, 2024 11:36am Aug 22, 2024 11:36am
- Joined Sep 2017 | Status: Trader | 11,251 Posts
{quote} I did say yesterday in another thread that the MMs were running after our SLs. It's great to see you remain strong on your trades and close in profit.
- #9,526
- Aug 22, 2024 12:10pm Aug 22, 2024 12:10pm
- Joined Dec 2022 | Status: Trader | 1,065 Posts
{quote}
I only follow traders with IQ above 160
- #9,528
- Aug 22, 2024 12:39pm Aug 22, 2024 12:39pm
- Joined May 2021 | Status: Trader | 7,225 Posts
{quote} He may be a rookie with the whole harmonic and trading thing, but he's hardworking and really good as a graphic designer!
People don't plan to lose. They lose because they don't plan.
- #9,529
- Aug 22, 2024 12:45pm Aug 22, 2024 12:45pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
{quote}
Compression continues.
Breakout to the downside targets 157.00
Good rr if you shorted off the line and later breakout happens.
We watch the charts from every angle so you don't have to!!
- #9,530
- Aug 22, 2024 3:39pm Aug 22, 2024 3:39pm
- Joined May 2021 | Status: Trader | 7,225 Posts
{quote} EJ Compression continues. Breakout to the downside targets 157.00 Good rr if you shorted off the line and later breakout happens. {image}
People don't plan to lose. They lose because they don't plan.
- #9,531
- Aug 22, 2024 4:21pm Aug 22, 2024 4:21pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
- #9,532
- Edited Aug 23, 2024 12:30am Aug 22, 2024 10:41pm | Edited Aug 23, 2024 12:30am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,440 Posts
EUR/USD consolidated after it dropped to 1.1098 yesterday and trading below 1.1165/74 zone of resistance. Support comes at 1.1079/71 or lower at 1.1047/50. A break above resistance will target 1.1185 - 1.1200 first.
Daily volatility (range) 44 pips
Option expiries for Friday: 1.1100 (EU1.09b), 1.0800 (EU1.02b), 1.0900 (EU681.2m) Source: financialjuice.com
Significant news - US New Home Sales & Fed's Powell Speaks at Jackson's Hole Symposium.
1 hour
Green pips!
Daily volatility (range) 44 pips
Option expiries for Friday: 1.1100 (EU1.09b), 1.0800 (EU1.02b), 1.0900 (EU681.2m) Source: financialjuice.com
Significant news - US New Home Sales & Fed's Powell Speaks at Jackson's Hole Symposium.
1 hour
Green pips!
Looking for profitable short term trades ...|
- #9,537
- Aug 23, 2024 2:29am Aug 23, 2024 2:29am
- Joined Apr 2020 | Status: Trader | 8,805 Posts
Trader with an Edge.
Just reviewing the "Big Picture" outlook
We are fast approaching the 8 year cycle zone - There's always been a half decent collapse down into it - Price level is not known, but the TIMING is
This is still a very high possibility to happen - The cycle is clearer on GBPUSD, but it also applies to EURUSD as you can see they move in unison to some degree
As usual don't trade blindly, but if we start to see declining prices of a steep trajectory, you'll know what is happening
We are fast approaching the 8 year cycle zone - There's always been a half decent collapse down into it - Price level is not known, but the TIMING is
This is still a very high possibility to happen - The cycle is clearer on GBPUSD, but it also applies to EURUSD as you can see they move in unison to some degree
As usual don't trade blindly, but if we start to see declining prices of a steep trajectory, you'll know what is happening
- #9,540
- Aug 23, 2024 3:10am Aug 23, 2024 3:10am
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
Today, I am sitting on the sidelines on EU or GU, but short on eurgbp, not aiming for much. 
Risk Management is of utmost importance!