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  • #8,201
  • Oct 17, 2024 8:33am Oct 17, 2024 8:33am
Quoting Js3mwtRc
{quote} A continuation! Lagarde next, securing any profits and leaving only one open. She might turn the tide!
something I learned early on. Take and accept your losses, but never be afraid to win money
  • #8,202
  • Oct 17, 2024 9:14am Oct 17, 2024 9:14am
Quoting Krw
{quote} something I learned early on. Take and accept your losses, but never be afraid to win money
That's wise Krw

By acknowledging and learning from your losses, you can improve your decision-making and avoid making the same mistakes in the future.

On the other hand, it's equally important to embrace your wins and celebrate your successes.
Looking for profitable short term trades ...|
  • #8,203
  • Oct 17, 2024 9:21am Oct 17, 2024 9:21am
If 1.0800/10 can't hold then here where I'll focus next!

1 hour
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  • #8,204
  • Oct 17, 2024 10:07am Oct 17, 2024 10:07am
Iam looking for pull to 1,08610 but we have to see range break at 1,08614
1H tf
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  • #8,205
  • Oct 17, 2024 10:54am Oct 17, 2024 10:54am
The EURUSD pair has been experiencing significant volatility in recent days, primarily driven by the European Central Bank's (ECB) monetary policy decisions and macroeconomic news from both the Eurozone and the United States.

Here are some key points to consider.

 

  1. ECB Rate Cut: The ECB lowered its interest rate by 0.25%, which initially caused a spike in the EURUSD pair.
  2. Resistance and Support Levels: The pair encountered resistance at 1.0873 and support at 1.0811.
  3. Lagarde's Comments: ECB President Christine Lagarde expressed concerns about both inflation and growth, suggesting that further rate cuts may be necessary.
  4. Market Expectations: Traders are anticipating another 0.25% rate cut at the December ECB meeting.
  5. Price Action: The EURUSD pair has been trading within a 1.0811 - 1.0841 range, and traders may be taking profits. However, unexpected news could push the pair outside of this range.

Based on this analysis, it seems prudent to wait for further confirmation before entering any trades. The market is currently in a state of flux, and it is important to carefully consider the potential risks and rewards before making any investment decisions.

Its was great trading with you all, have a great rest of the day! See you tomorrow!

Looking for profitable short term trades ...|
  • #8,206
  • Oct 17, 2024 10:39pm Oct 17, 2024 10:39pm
EURUSD is currently consolidating just below the 1.0847 weekly level and the 1.0873 resistance, following yesterday's losses. Immediate support can be found at 1.0821 & 1.0811 low. Given that it's Friday, significant price movements are not anticipated, but sudden news and unexpected volatility cannot be ruled out entirely. Have a wonderful day!

Daily volatility (range) 56 pips

Option expiries for Friday: 1.0850 (EU1.69b), 1.0775 (EU1.35b), 1.0800 (EU1.19b) Source: financialjuice.com

Significant news - US Housing Starts Number

1 hour
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  • #8,207
  • Oct 17, 2024 11:35pm Oct 17, 2024 11:35pm
Quoting Js3mwtRc
EURUSD is currently consolidating just below the 1.0847 weekly level and the 1.0873 resistance, following yesterday's losses. Immediate support can be found at 1.0821 & 1.0811 low. Given that it's Friday, significant price movements are not anticipated, but sudden news and unexpected volatility cannot be ruled out entirely. Have a wonderful day! Daily volatility (range) 56 pips Option expiries for Friday: 1.0850 (EU1.69b), 1.0775 (EU1.35b), 1.0800 (EU1.19b) Source: financialjuice.com Significant news - US Housing...
it moves as per your expectation earlier this week! 0800 before a bounce!!!

target for earlier double top is now reached
Patience, Emotion Control and Discipline.
  • #8,208
  • Oct 17, 2024 11:42pm Oct 17, 2024 11:42pm
Quoting johncen
{quote} it moves as per your expectation earlier this week! 0800 before a bounce!!! target for earlier double top is now reached
Yes 1.0800 almost. It was a profitable week! Waiting for the next move!
Looking for profitable short term trades ...|
  • #8,209
  • Oct 18, 2024 5:42am Oct 18, 2024 5:42am
Quoting Js3mwtRc
I believe EU will try to beat 1.0870/75 but fail after. At least this is the weekly pattern until now - rise above Asian high and then drop to lower lows. But today may be different. It had happen three times in a row and rows break and ECB is near. So watch these two reasons.
Are we off again JS?
Don't you know that I'm loco ...
  • #8,210
  • Oct 18, 2024 5:59am Oct 18, 2024 5:59am
Quoting RedAllOver
{quote} Are we off again JS?
Today only some medium volatility news I believe consolidation will continue. Its also Friday!
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  • #8,211
  • Edited 7:01am Oct 18, 2024 6:40am | Edited 7:01am
I’m still holding my 1.09039 position short. Dropped my SL to 1.089 so I’m in a free trade. Market is still trending lower on all timeframes (2 day, 3 day, 5 day, 10 day, 15 day, 20 day) and I await balance before exiting.
  • #8,212
  • Oct 18, 2024 10:39am Oct 18, 2024 10:39am
EURUSD rallied today, reversing yesterday's losses as traders closed out bearish positions after a three-week downward trend. For now, it appears that bulls have established support at recent lows, but a possible lack of volume suggests that a significant breakout towards 1.0900-1.0916 may be challenging. While 1.0834 is currently holding the line for bulls, a pullback cannot be ruled out as it's still too early to confirm a sustained uptrend. Additional support exists at the 1.0811-1.0821 zone. Thanks for trading with me this week, and have a fantastic weekend!
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  • #8,213
  • Oct 19, 2024 2:30am Oct 19, 2024 2:30am
EURUSD The euro fell for the third consecutive week, closing lower after the European Central Bank (ECB) cut interest rates by another 0.25% points due to slowing eurozone growth. This week, the euro may rebound towards 1.0940/60, having found support above its recent low of 1.0811 at 1.0834. Stronger Eurozone PMIs could bolster this advance, but pessimistic sentiment, a failure to meet PMI consensus, and a strong dollar could derail this view, leading the euro to fall below the support zone and ultimately reach downside targets of 1.0777 and 1.0750.

Weekly volatility (range) 121 pips

Option expiries for Monday: 1.1000 (EU1.57b), 1.0885 (EU1.15b), 1.1130 (EU982.9m) Source: financialjuice.com

Significant news - EU & US PMI'S, US Initial Jobless Claims, US New Home Sales, US Durable Goods & University Michigan Sentiment Final

Daily chart with 50, 100, 200 ma's and monthly support and resistance levels
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Have a great rest of the weekend!
Looking for profitable short term trades ...|
  • #8,214
  • Oct 20, 2024 2:10pm Oct 20, 2024 2:10pm
Hoping you are having a great time.
This is my analysis (RELATIVE)

If it breaks up it will be time for a deep correction. I estimate that up to 1.10600 at most.
If it breaks down I see it possible to continue until 1.07***
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  • #8,215
  • Edited 5:40pm Oct 20, 2024 5:23pm | Edited 5:40pm
The market opened balanced. I closed my trade. Value was an inside day with the rotation factor positive for bullish bets. TPO counts favor the shorts but I would not be short right here. Personally I wait, but for the less fundamentally biased who are willing to go long the Euro, today could be your lucky day....
  • #8,216
  • Oct 20, 2024 10:40pm Oct 20, 2024 10:40pm
EURUSD is trading sideways below the 1.0873/81 resistance area, with support levels at 1.0835 and 1.0811. I anticipate low volatility in the near term, with any upward movement towards 1.0916 or higher likely to be gradual. If the price falls, I expect 1.0811 to remain a strong support level until we see increased market activity this week. Wishing you a productive day!

Daily volatility (range) 55 pips

Option expiries for Monday: 1.1000 (EU1.57b), 1.0885 (EU1.15b), 1.1130 (EU982.9m) Source: financialjuice.com
1 hour
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  • #8,217
  • Edited 3:52am Oct 21, 2024 2:43am | Edited 3:52am
Some breaking of minor support and of the trendline points to 1.0835 or lower if the last can't hold the bear!
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  • #8,218
  • Oct 21, 2024 10:27am Oct 21, 2024 10:27am
The U.S. dollar strengthened against the euro, due to a strong U.S. economy, geopolitical risks, and differing central bank policies. The U.S. economy's resilience and expectations of a more hawkish Federal Reserve stance favored the dollar, while the European Central Bank's dovish policy and concerns over the Eurozone's economic outlook weakened the euro.

The EUR/USD exchange rate is currently declining after a brief surge to the 1.0871 pivot level at the start of the week. The pair is now facing support within the 1.0835-1.0811 range. If this support level fails to hold, we could see a further downward correction, potentially breaking below the psychologically significant 1.0800 level and heading towards the 1.0777 low.

That's all see you again tomorrow!

1 hour
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  • #8,219
  • Edited 7:32pm Oct 21, 2024 2:12pm | Edited 7:32pm
Well I’m really selling in the hole here lol. Prices snapped the bracket lower. Sooo I’m short again after missing the entire move of the day. Tight stop at 1.084. Developing and refining my trading model…..

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I went short early but thats ok. To note; past two days the auction was incomplete to the downside. I may get snubbed on this trade, but those lows will get revisited...
  • #8,220
  • Oct 21, 2024 10:29pm Oct 21, 2024 10:29pm
EURUSD fell to a support level before rebounding. However, the momentum behind the rebound is weak, and the overall downtrend below 1.0835 remains intact. This suggests that prices may continue to fall, potentially reaching levels between 1.0800 and 1.0777 or even lower. On the other hand, resistance levels are located at 1.0859 and 1.0872, which was yesterday's high. For now, I will wait to see if the pair breaks below 1.0810. Have a great day!

Daily volatility (range) 58 pips

Option expiries for Tuesday: 1.0550 (EU1.12b), 1.0850 (EU1.05b), 1.0940 (EU762.2m) Source: financialjuice.com

Significant news - ECB President Lagarde speaks

1 hour
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