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  • #11,041
  • Nov 30, 2024 12:44am Nov 30, 2024 12:44am
EUR/USD is attempting a recovery within a broader downtrend. Watch for price action around the 1.0610 and 1.0666 zone, a breakout may shift sentiment to bullish in the short term, targeting higher. However, failure to hold above this level could resume the downtrend toward 1.0331.

Levels:
Support: 1.0540, 1.0448, 1.0406, 1.0331

Resistance: 1.0610, 1.0666, 1.0692


Happy weekend!


Weekly volatility (range) 133 pips

Option expiries for Monday: 1.0625 (EU2.11b), 1.0700 (EU1.07b), 1.1075 (EU829.9m) Source: financialjuice.com

Significant news - US JOLTS Job Openings, US Initial Jobless Claims, US Nonfarm Payrolls, US Factory Orders, University Michigan Sentiment

Daily
Attached Image (click to enlarge)
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Looking for profitable short term trades ...|
  • #11,042
  • Nov 30, 2024 11:58pm Nov 30, 2024 11:58pm
It has come to my attention that to really succeed in trading behavioral response training is required.
I think some people get this from life experience, some people have been in the military and peolpe like me need to learn the
correct behavioral response for trading.
any thoughts anyone ?
The story behind the book, the best loser wins Tom Hougaard
Attached File(s)
File Type: pdf pdfcoffee.com_the-story-behind-best-loser-wins-pdf-free.pdf   154 KB | 1,901 downloads
  • #11,043
  • Dec 1, 2024 2:06am Dec 1, 2024 2:06am
Quoting ianlikesgolf
It has come to my attention that to really succeed in trading behavioral response training is required. I think some people get this from life experience, some people have been in the military and peolpe like me need to learn the correct behavioral response for trading. any thoughts anyone ? The story behind the book, the best loser wins Tom Hougaard {image}
Yeah, you're totally right. It's not just about the numbers and charts. Your head game is a huge part of trading success. Some people seem to have a knack for it, maybe from life experiences or military training. But for the rest of us, we gotta learn how to keep our cool under pressure and make smart decisions, even when the market's going crazy.

"The Best Loser Wins" by Tom Hougaard gets it!

So, if you're serious about trading, don't neglect the mental side of things. Work on self-awareness, journaling, maybe even seek some professional help. And remember, it's okay to make mistakes, as long as you learn from them.
Looking for profitable short term trades ...|
  • #11,044
  • Dec 1, 2024 6:45pm Dec 1, 2024 6:45pm
Quoting Js3mwtRc
{quote} Yeah, you're totally right. It's not just about the numbers and charts. Your head game is a huge part of trading success. Some people seem to have a knack for it, maybe from life experiences or military training. But for the rest of us, we gotta learn how to keep our cool under pressure and make smart decisions, even when the market's going crazy. "The Best Loser Wins" by Tom Hougaard gets it! So, if you're serious about trading, don't neglect the mental side of things. Work on self-awareness, journaling, maybe even seek some professional...
Thank you very much. Yes Im now reading through the best loser wins book and listening to the audio book. Also watching some of Tom Hougaard videos, which there are many on youtube. He has some very good practical exercises to do in the book.
  • #11,045
  • Dec 1, 2024 8:51pm Dec 1, 2024 8:51pm
EURUSD weakened today due to strong US Dollar and expectations for stronger US economic data. Also Trump threatened with 100% tarrifs if BRICS create a new currency.

The pair is currently facing downward pressure. The pair is holding above immediate support at 1.0500. A break below this level could trigger further declines towards the weekly S1 at 1.0467 and 1.0448.

On the upside, resistance at 1.0580 is capping gains. A decisive break above 1.0550 could open the door for a move towards 1.0580 and 1.0597.

Happy week!


Daily volatility (range) 61 pips

Option expiries for Monday: 1.0625 (EU2.11b), 1.0700 (EU1.07b), 1.1075 (EU829.9m) Source: financialjuice.com

1 hour
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Looking for profitable short term trades ...|
  • #11,046
  • Dec 2, 2024 12:10am Dec 2, 2024 12:10am
Quoting Js3mwtRc
EURUSD weakened today due to strong US Dollar and expectations for stronger US economic data. Also Trump threatened with 100% tarrifs if BRICS create a new currency. The pair is currently facing downward pressure. The pair is holding above immediate support at 1.0500. A break below this level could trigger further declines towards the weekly S1 at 1.0467 and 1.0448. On the upside, resistance at 1.0580 is capping gains. A decisive break above 1.0550 could open the door for a move towards 1.0580 and 1.0597. Happy week! ...
Yeah, I’ve noticed the dollar pushing higher too, especially after Trump’s comments on BRICS. It’s definitely weighing on the euro, which slipped to $1.0532. EUR/USD is still holding above 1.0500, but if it breaks, I can see more downside but resistance is still in play for now. I will be more interested to see how the week shapes up.
  • #11,047
  • Dec 2, 2024 12:33am Dec 2, 2024 12:33am
Butterfly attack, either one of them is right or it will be without significant direction for now, looks a bit more bearish, but could be a scalp to the other side,
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'In the clearing stands a boxer And a fighter by his trade..'
  • #11,048
  • Dec 2, 2024 12:57am Dec 2, 2024 12:57am
found it. this video apart from the swearing is perfect, he is basically saying focusing on the process and thinking like lines on a chart and pushing a button, eliminating the emotions. looks like the behaviour I need to do now. cool.

Inserted Video
  • #11,049
  • Dec 2, 2024 1:09am Dec 2, 2024 1:09am
Quoting GOR
Butterfly attack, either one of them is right or it will be without significant direction for now, looks a bit more bearish, but could be a scalp to the other side, {image} {image}
looks like you have eveything covered....
Its all just one persons opinion
  • #11,050
  • Dec 2, 2024 1:15am Dec 2, 2024 1:15am
Quoting GOR
Butterfly attack, either one of them is right or it will be without significant direction for now, looks a bit more bearish, but could be a scalp to the other side, {image} {image}
I got a Bat....

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Its all just one persons opinion
  • #11,051
  • Dec 2, 2024 1:19am Dec 2, 2024 1:19am
Quoting axecap
{quote} looks like you have eveything covered....
, but maybe this is a sign to scalp in the range,
'In the clearing stands a boxer And a fighter by his trade..'
  • #11,052
  • Dec 2, 2024 1:26am Dec 2, 2024 1:26am
Quoting ianlikesgolf
found it. this video apart from the swearing is perfect, he is basically saying focusing on the process and thinking like lines on a chart and pushing a button, eliminating the emotions. looks like the behaviour I need to do now. cool. https://youtu.be/go1uO8_rleU?si=RnCDjDG4XPbZPj88
Ever wonder why some people seem to have all the luck? Turns out, they probably haven't. They just handle setbacks better.

When bad stuff happens it's tough to stay positive. But trust me, if you refuse to give up, good things will come your way. As long as you have hope and faith, you can overcome any obstacle.
Looking for profitable short term trades ...|
  • #11,053
  • Dec 2, 2024 1:30am Dec 2, 2024 1:30am
Quoting GOR
{quote} , but maybe this is a sign to scalp in the range,
yes...i like the short side...but wont be looking for a big move
Its all just one persons opinion
  • #11,054
  • Dec 2, 2024 3:52am Dec 2, 2024 3:52am
gold 2649 - 2651 sell
H4 61.8
monthly pivot.
daily open
161.8 butterfly m15
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  • #11,055
  • Dec 2, 2024 4:18am Dec 2, 2024 4:18am
possible gold to the weekly pivot at 2658.72 also.
  • #11,056
  • Dec 2, 2024 5:00am Dec 2, 2024 5:00am
EURUSD is heading to parity for December!
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Looking for profitable short term trades ...|
  • #11,057
  • Dec 2, 2024 5:29am Dec 2, 2024 5:29am
Quoting ianlikesgolf
It has come to my attention that to really succeed in trading behavioral response training is required. I think some people get this from life experience, some people have been in the military and peolpe like me need to learn the correct behavioral response for trading. any thoughts anyone ? The story behind the book, the best loser wins Tom Hougaard {image}
Hi Ian

You have to have complete confidence in the/your method
You have to know the numbers - win % and expectancy
You have to trade the method every time you see it
You have to know how you plan to manage the position once the trade is live and
You have to accept that you will never have a 100% win rate, which means you'll have lots of trades that lose, so you have to know where best stop placement is and stick to the stop placement and trade management
You have to accept that you might have loss after loss after loss

Gann said over 100 years ago "It's following the rules that makes the money"
  • #11,058
  • Dec 2, 2024 5:56am Dec 2, 2024 5:56am
Quoting Thtpro
{quote} Hi Ian You have to have complete confidence in the/your method You have to know the numbers - win % and expectancy You have to trade the method every time you see it You have to know how you plan to manage the position once the trade is live and You have to accept that you will never have a 100% win rate, which means you'll have lots of trades that lose, so you have to know where best stop placement is and stick to the stop placement and trade management You have to accept that you might have loss after loss after loss Gann said over 100...
Thtpro, thank you . please teach me your first name , then I can address you more politely.
thank you for all your help.
  • #11,059
  • Dec 2, 2024 7:21am Dec 2, 2024 7:21am
Quoting ianlikesgolf
{quote} Thtpro, thank you . please teach me your first name , then I can address you more politely. thank you for all your help.
Andrew

Its a tough old game trading
  • #11,060
  • Dec 2, 2024 8:36am Dec 2, 2024 8:36am
The EUR/USD pair has been trading in a downward direction reaching a low of 1.0462

Several factors are contributing to this downward trend:

1. French political woes: Ongoing political instability in France is exerting downward pressure on the Euro.

2. Firmer US Dollar: The US Dollar has strengthened due to Trump's threat of tariffs on BRICS countries, which has made the USD more attractive to investors.

3. US ISM Manufacturing PMI data: Came mixed - above forecast for manufacturing but below for prices paid.

EURUSD is now stabilising but focus on the downtrend unless it rises above 1.0514. The target should be at least until 1.0435 with the risk it moves to 1.0425 support. A break below 1.0425 could lead to further decline. A move above 1.0514 might signal a potential reversal to 1.0538.

It was nice trading with you, have a great rest of the day!

1 hour
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Looking for profitable short term trades ...|
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