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- #201,403
- Aug 29, 2024 7:37am Aug 29, 2024 7:37am
- | Commercial User | Joined Dec 2023 | 2,121 Posts
{quote} you mean short entry ?
And you were bullish
And I was bearish
About last week I guess
Price was around 1.116 something
- #201,404
- Aug 29, 2024 7:44am Aug 29, 2024 7:44am
- Joined Jan 2021 | Status: Trader | 2,620 Posts
{quote} Yes remember when we were discussing euro PMI's And you were bullish And I was bearish About last week I guess Price was around 1.116 something
. I believe it may find its support at 1.1030-50 where we have not only an important pivot level but also previous resistance and support areas.
- #201,406
- Aug 29, 2024 8:10am Aug 29, 2024 8:10am
- Joined May 2011 | Status: Trader | 1,580 Posts
I had a feeling that big rate cut (50+bps) was priced in. A look at retail traders showed that shorts had lightened up. I guess movers had the all clear to push it down so that they could take out weak longs like me and prepare for next move up.
Looking for pullback into 1.0980 area before I evaluate whether it's time to go long. I am not interested in shorting unless something breaks, like Fedspeak taking rate cuts off table, stock market crash , yen carry trade blows up, wars escalate, ect. Something that will chase scared money into US Treasuries. Chart looks bearish FWIW?
Ecclesiastes 1:9
- #201,407
- Aug 29, 2024 8:16am Aug 29, 2024 8:16am
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts | Online Now
Focus only on what truly matters!
- #201,408
- Edited 10:22am Aug 29, 2024 9:50am | Edited 10:22am
- | Commercial User | Joined Dec 2023 | 2,121 Posts
- #201,411
- Aug 29, 2024 12:07pm Aug 29, 2024 12:07pm
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts | Online Now
Focus only on what truly matters!
- #201,412
- Aug 29, 2024 11:06pm Aug 29, 2024 11:06pm
- Joined Dec 2015 | Status: Trader | 2,586 Posts
Trend trading will be never die, if you can wait long enough for the trend!
Perfection is the enemy of good enough!
- #201,413
- Edited Aug 30, 2024 12:44am Aug 29, 2024 11:40pm | Edited Aug 30, 2024 12:44am
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts | Online Now
Good morning folks.. Happy Friday to all 
So far, not much has changed on H4...
I am still waiting to see if bears are willing to break below 1.1078 area... Seems like nobody is in a hurry... For now: Zzzzz...
*No matter what: trade careful since it is the END OF MONTH and end of week too!
So far, not much has changed on H4...
I am still waiting to see if bears are willing to break below 1.1078 area... Seems like nobody is in a hurry... For now: Zzzzz...
*No matter what: trade careful since it is the END OF MONTH and end of week too!
Focus only on what truly matters!
- #201,414
- Aug 30, 2024 2:58am Aug 30, 2024 2:58am
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts | Online Now
Meanwhile, on H1...
While being aware of MACD divergence, I still rinse & repeat selling new breakouts and pullbacks until basic logic fails...
Go bears go!
While being aware of MACD divergence, I still rinse & repeat selling new breakouts and pullbacks until basic logic fails...
Go bears go!
Focus only on what truly matters!
- #201,415
- Aug 30, 2024 5:19am Aug 30, 2024 5:19am
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts | Online Now
Ready for some popcorn time? 
Focus only on what truly matters!
Ready for some popcorn time?
61% Fibonacci, Descending trend line and EMA 200 on H1 and EMA 20 on h4
Lately the market has not coincided with my analysis haha. Maybe the problem is my entry points
- #201,417
- Aug 30, 2024 5:32am Aug 30, 2024 5:32am
- Joined May 2014 | Status: Full Time Trader | 27,155 Posts | Online Now
Neutral data neutral pa.... Saving my box of popcorn for another hour...
Focus only on what truly matters!
- #201,418
- Aug 30, 2024 6:02am Aug 30, 2024 6:02am
- Joined Jan 2021 | Status: Trader | 2,620 Posts
Neutral data neutral pa.... Saving my box of popcorn for another hour...
. Happy weekend to all!