EURUSD only

Quoting mtako

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...I think there is little chance of price not going back down...

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Quoting mtako

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{quote} Hold on your horses ! Under these ranging conditions and for this week, I reckon that It is still 50/50 chance of getting <.05000 before >.06300 * this message was approved by the real cowboys out there, the ones sniffing the high-leverage powder {image}

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Quoting mtako

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...Actually, for me it's about 66% probability of going back down again instead of properly breaking out on the upside. Been flat like this intraday for a couple of days = sell the highs, buy the lows more, at this scale, so can sell many times from here but the longer it goes on, the more probable it will expand also, or break. If buying high under these condition my TPs are mostly very large...

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Quoting mtako

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{quote}Bingo ! Now, perhaps the ranging is simply expanding thanks to greater volatility, so still mostly a selling zone for me, intraday speaking {image}

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Quoting mtako

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My main selling spot of the day has been reached, beware bulls!! Buy stop 0582 SL15TP60!

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Quoting mtako

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..Bears will probably take it all the way back down again from here, but just in case they don't: Getting ready to buy the mighty grandy Highs of the 4h + Daily bull candles !...

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Quoting mtako

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...speaking of long-term, and since I like to make parallels these days:{quote}Now price is already almost back in the last 24 months Ranging Heaven . Only 40 pips above here, right now, and we're right back within that even more determinant range for my own trading. That is the beauty of such a long term indecision. And as Ranging Heaven goes, and as so many of my repeating TPs attest, it is the perfect territory for the same old prices to get reached repeatedly, so the potential is below the...

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Quoting mtako

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I cant buy no more for now, because see, we are now where we were just 2 hours ago, after a 1.5 hour battle won by the bears! So my tummy is finally all warm and full ! {image}

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Quoting mtako

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Only a small fraction of my day's buy stops have been triggered, well done Bears !!!! ...

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Quoting mtako

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On an intraday scale, a bull defence here would simply repeat what started to happen exactly a bit over one day ago, simply start going back > 1.0570 ! On a much greater scale, the same ! A bull defence here would simply repeat what started to happen exactly one year ago, simply start going back > 1.1 ! Repeat of what happened the last 4 times, after price came down from 1.1 to <1.065? Or finally an end to the Ranging Heaven on that scale also? Bulls of all sizes, from the smallest micro bull to the...

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Quoting mtako

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And that last quote: in total, I think bulls managed to keep price above that very important 1H bull candle for a measly +-10minutes, and the combined time spent above or under an important level can speak louder than words about The Power of the Bear or the bull ! Thats a great piece of advice right there.

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Quoting TimmyBTrades

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{quote} After the big move mid-NY session derivative market pricing seems much more fearful of further EURUSD downside. Closed my position to take profit but may reenter tomorrow before the flash PMIs depending on the price movement in the interim. I think there is a decent chance USD PMI is hot, but my main fear would be selling fatigue to the point that only a significant print will matter. A bit of retracement before NY tomorrow would be the perfect antidote.

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Quoting mtako

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And last but not least, as I sip my marvellous tea: Buy stops 04255 04268 04281 04294 04307 04320 04333 04346 04359 04372 04385 04398 04411 04424 04437 04450 04463 04476 04489 04502 04515 04528 04541 04554 04567 04580 04593 04606 04619 04632 04645 04658 04671 04684 04697 04710 04723 04736 04749 04762 04775 04788 04801 04814 04827 04840 04853 04866 04879 04892 04905 04918 04931 04944 04957 04970 04983 04996 05009 05022 05035 05048 05061 05074 05087 05100 05113 05126 05139 05152 05165 05178 05191 05204 05217 05230 05243 05256 05269...

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Quoting TimmyBTrades

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{quote} Well, we saw what we thought, although my position was smaller than I wanted due to the lack of retracement. Next week will be a BIG one for USD with PCE and Fed minutes. These are important puzzle pieces before Dec FOMC, which the market has priced at nearly 50/50 (52% at time of writing, down from 85%!!! early Oct). I would expect PCE to be largely in line if not a little hot, and the minutes to give an noncommittal position (chance to be a tad hawkish considering the change in tone last FOMC), leading to a real toss up in Dec. Also keep...

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