Only EURUSD

I exited my longs for today, I see a correction coming!

Hola amigos, hope all are well and enjoying some bullish greeno's .

On the 9th of October last year I entered two long trades on the EU, around 14 lots combined @ around the 1.0970 mark. Trading had been easy stuff up top then, account had recently been seeing lots of £££££'s profit . But the week was going against me so I decided to drop the SL's real low and head off to bed. Price was near the top of a two year long range, it felt safe .

The trade worsened, and had really dropped off when I got logged on the day after. I thought it will come back to me, just be patient. It never did. The Fed released NFP data 220k above expected (this was permissible under their allowance for seasonal corrections), the price dropped like a stone and I was in deep shit .

This was leading right into the election fever and Biden got hooked, Kamala was seated and price seemed to rally a bit but was still waaaay off. Nov. 5th price came within a suitable loss point (-£##,###). I didn't take it . Trump got elected, price left the 2 year range and smashed through lows hitting 1.01779.

I closed one trade on Jan 27th after a rally and lost a ton. I kept the other open and closed it last night, thinking Trumps speech would cause another run, losing a ton more (not far from six figures in total). Today price rallied another 160PiPs .

I've been trading the cable on and off since October, unable to trade the EU given the bias, although I know now I had a ton of bias on the GU also ...

I placed my first trade on the EU this afternoon, price moved within 0.3PiPs of my limit, didn't fill it and took off through my partial and my TP.

I'm back now on the EU with you guys, hopeful I've learned the mother of all lessons and will be a better trader for this painful time.

Green pips all

The EUR/USD started the day well above the broken 1.0534 resistance turned support, giving the pair an upward push. The 1.0602 low held, paving the way for a ride toward nearly 1.0790 after several events unfolded, such as Germany announcing a defense package and the US ADP data significantly underperforming, prompting the market to sell off the US dollar on hopes that the US will reach a deal with Ukraine and less tarrifs.

For now, the weekly run looks very strong, and it's uncertain what will happen next, but it's best to keep an eye on news feeds for updates that should help with making better decisions. 1.0700 should hold any drop there.

It was a pleasure sharing my views with you all, have a great rest of the day!

Now looking for shorting opportunity throughout next week

have also got 0817 next if we go above 0800.

At some point we need to revisit 0530ish. But this could be weeks or months away

we are getting close to the bottom of this steep upward channel, if it finds support then 0817 should be next

Touched and reacted

Continuation trend perhaps on EUR/USD?

The EURUSD advanced to 1.0820 after today's opening. Minor support at 1.0764 is holding from a deeper drop to 1.0741 and the 1.0700/25 level, which represents a stronger support zone. Buyers are facing resistance above the 1.0800/24 range, and if this zone breaks in their favor, a rise to 1.0937 could be expected.

Green pips!


Daily volatility (range) 113 pips

Option expiries for Thursday: 1.0500 (EU1.79b), 1.0850 (EU1.47b), 1.0440 (EU1.1b) Source: financialjuice.com

Significant news - ECB Interest Rate, US Trade Balance, US Initial Jobless Claims

4H

If bears can hold 1.0824 then it can recover some ground to 1.0764/58!

...if not 1.0855/65 are next!

i hope they can but who knows
ecb tonight
and nfp tomorrow roller

fasten seatbelt

agree i dont give more than another 40 pips to fiber

More probable stops should be cleaned above but trading should be stop before major news!

It can go on and on!

the fight carry on! Bull is in full control and may take us higher!

Looks like a good day for both!

Hmmmm

Yes but its early yet and 1.0784 support is holding. Also such steep channels could mean only one thing the most of the times - continuation!

True, but I do expect signifcant volatility today. I would play bears for today, and bulls for tomorrow.

100 or so pips, as you mentioned.

Morning amigos

Price appears to have reacted off a 1d Imbalance (top left), may be temporary or may be the start of something sell side ...

4h & 1h TF appear to have switched bias to short but no real pattern of play, not sure I'd trust shorting just yet ...

Green pips all