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  • #203,181
  • Dec 2, 2024 7:18am Dec 2, 2024 7:18am
Just an important note;

Quote
Meanwhile, the French government appears on the verge of collapsing, and an election cannot be called for nearly a year.

Same thing happened to the German government very recently. It's just not looking very good for the euro at the moment. In my view the rally late last week was more to do with traders closing their shorts for end of month, I wouldn't be surprised if this pair went south fast now at the beginning of December.

I maintain a short bias.
  • #203,182
  • Dec 2, 2024 7:57am Dec 2, 2024 7:57am
pa has not really be friendly with me today
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  • #203,183
  • Dec 2, 2024 8:23am Dec 2, 2024 8:23am
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  • #203,184
  • Dec 2, 2024 8:55am Dec 2, 2024 8:55am
Quoting Ultras
{quote} I'm exiting all buy positions. To me this is fake breakout of the down red channel so I'm gonna try switching to sell for today and tomorrow, setting Sell Limit orders on Fib levels 38%,50%,61% with target previous low. 3H chart: {image}

Closed all sells for now from 38% fib level
  • #203,185
  • Dec 2, 2024 9:40am Dec 2, 2024 9:40am
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I am back to work today, looking to go short around 1.0532. I didn't have orders in today so I missed the move for now.

The charts look like the movers are pushing the price around so I see a range - 1.0420 to 1.0580

Happy Trades to you,
NB
Ecclesiastes 1:9
  • #203,186
  • Dec 2, 2024 10:06am Dec 2, 2024 10:06am
Quoting newbegger
{image} I am back to work today, looking to go short around 1.0532. I didn't have orders in today so I missed the move for now. The charts look like the movers are pushing the price around so I see a range - 1.0420 to 1.0580 Happy Trades to you, NB
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Drilling down you can see that the movers are taking advantage of low liquidity as the holiday season approaches and they need to clear the books for 2024. Going to be a good time for the nimble traders, lots of movement as the whales try to best each other.

NB
Ecclesiastes 1:9
  • #203,187
  • Dec 2, 2024 10:21am Dec 2, 2024 10:21am
Meanwhile, on H1..

No more doubts after a drop below 1.05.. We are full-steam bearish again...

*Nearest resistance is now at ~1.0505 area... I rinse and repeat selling until failure..
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Focus only on what truly matters!
  • #203,188
  • Dec 2, 2024 10:23am Dec 2, 2024 10:23am
Quoting rober159
{quote} Its hit 1.0536 AGAIN just like earlier this morning, possible bottom @ S3 1.0489 - 10480
DING!

On another note, I'm getting into the habit of placing sound alerts on the terminal whenever it reaches certain prices for potential entries / exits / short term key areas...
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while the objective is profit, the job description is risk management
  • #203,189
  • Dec 2, 2024 10:26am Dec 2, 2024 10:26am
Just bought at 1.045 area. Will be holding this for a while. Will keep adding all the way down to 1.02 if we get there.
  • #203,190
  • Dec 2, 2024 10:29am Dec 2, 2024 10:29am
Quoting vinesh1
Just bought at 1.045 area. Will be holding this for a while. Will keep adding all the way down to 1.02 if we get there.
How did you do that? It never even got below 1.046
Consistency is key
  • #203,191
  • Dec 2, 2024 10:33am Dec 2, 2024 10:33am
Quoting GainingBucks
{quote} How did you do that? It never even got below 1.046
Went to 1.0459 on my platform
  • #203,192
  • Dec 2, 2024 10:37am Dec 2, 2024 10:37am
Quoting Ata-Turkoglu
{quote} Lol... It is not a big deal really... Enjoy Meanwhile, on H1: I stay away from buying while candles open below 1.0540...
Yes, I have to correct myself. That was a try of a breakout. I have not seen that the Friday closed almost precisely on the Boellinger Band enter line in the daily - a place where typically a rejection occurs.
  • #203,193
  • Dec 2, 2024 11:09am Dec 2, 2024 11:09am
It's hard to choose entry point bears for me in this hours....
A little beginner trader since 2006
  • #203,194
  • Dec 2, 2024 11:30am Dec 2, 2024 11:30am
I will sell in near 1.05
So Sl: 1.0522

Tp: +30
A little beginner trader since 2006
  • #203,195
  • Dec 2, 2024 2:17pm Dec 2, 2024 2:17pm
Wow some Fed dude Waller apparently spoke instantly at 12:15 causing a spike
Consistency is key
  • #203,196
  • Dec 2, 2024 2:38pm Dec 2, 2024 2:38pm
Based on H1, it is time to sell again... rinse and repeat...
Focus only on what truly matters!
  • #203,197
  • Dec 2, 2024 2:39pm Dec 2, 2024 2:39pm
Ata, where do you think price will reach before it reverses?
A Winner is just another Loser that kept going for one second longer..
  • #203,198
  • Dec 2, 2024 2:41pm Dec 2, 2024 2:41pm
Quoting Fastlane93
Ata, where do you think price will reach before it reverses?
Reverse where? Your question is not clear... could you be a little more specific... ???

*From 1.0505 to 1.0520 it is all resistance on H1...
Focus only on what truly matters!
  • #203,199
  • Dec 2, 2024 2:45pm Dec 2, 2024 2:45pm
Quoting Ata-Turkoglu
{quote} Reverse where? Your question is not clear... could you be a little more specific... ??? *From 1.0505 to 1.0520 it is all resistance on H1...
I mean what price do you think will make this market start a new bullish move?

What major support zones do you see, where this might occur?
A Winner is just another Loser that kept going for one second longer..
  • #203,200
  • Dec 2, 2024 3:21pm Dec 2, 2024 3:21pm
Quoting Fastlane93
{quote} I mean what price do you think will make this market start a new bullish move? What major support zones do you see, where this might occur?
I shared already my overall view.. Here it is again: We are close to reversal, but dips can still occur down until 1.0385.. So, slowly without rushing we can switch to bullish... I trade bearish for now, but soon I can switch to mixed intraday wise... Again: no rush!

My two cents...

Best wishes
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Focus only on what truly matters!
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