Is the market clueless today

So far it has not moved a bit. Waiting for news perhaps?

Yes, it’s very slow! Till now no new position (this week)! Same approach forms me.

Adribaasmet posted:
Yes, it’s very slow! Till now no new position (this week)! Same approach forms me.

Finally EURUSD dropped so there is some movement now.

togr posted:
So far it has not moved a bit. Waiting for news perhaps?

Last week was frustrating so me! I made only 40 pips, although my weekly target is 160 pips.

Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

What is your TP level? If you don’t mind please share.

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

1.17 is and support barrier, if broken it will fall more

what do you watch? do today has been the most movment in a long time cuz of the CCPI new and CPI new from UK, gbp/jpy was down 2% or almost 300 pips on the day..

I sold this pair last Monday at 1.192.
https://www.myfxbook.com/community/general/wind-is-changing/1318614,1#?pt=2&p=4&ts=34&o=1318614

There's LT support, and strong support IMO down around 1.155. I have a TP order in at 1.1594. My .02.

togr posted:

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

1.17 is and support barrier, if broken it will fall more

Cool. I see, you are very helpful! Keep supporting the others member! Great job man, just keep it up.

Adribaasmet posted:

togr posted:

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

1.17 is and support barrier, if broken it will fall more

Cool. I see, you are very helpful! Keep supporting the others member! Great job man, just keep it up.

So far 1.17 support barrier proved to be working and EU is messing around it.

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

So how is your short EU doing, did you close around 1.17 or waiting?

AniLorak posted:

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

What is your TP level? If you don’t mind please share.

I made a Market order, didn't placed any TP level, I trade small volumes, because I am not yet an experienced trader and I am prudent :) ..

I don't see a reason at this point to exit prior to the 1.60's. Maybe the market will decide something different today or next week but given the available information this seems a good bet to at least test that area. During the session on 5/21 there was evidence that perhaps the 1.71's would hold as support, so someone who was short from above booking profits at that point had a good case for doing so. But since that time 17's have clearly given in to selling pressure. Yesterday seemed to be perhaps a mix of shorts booking profits and offside bulls who were long from 17ish scratching as price bounced.

If anyone is currently still short, I'd like to hear the case for exiting the trade at this point. Likewise I'd be interested in hearing the case for buying in this area. The charts suggest there would be value buying 15.5 to 16 but prior to that...I don't see it.

togr posted:

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

So how is your short EU doing, did you close around 1.17 or waiting?

!.17 was breached and we are reching 1.165

togr posted:
So far it has not moved a bit. Waiting for news perhaps?

Do you predict market direction on the basis of economic events and news only or consider some other factors as well?

togr posted:

togr posted:

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

So how is your short EU doing, did you close around 1.17 or waiting?

!.17 was breached and we are reching 1.165

SO we are getting close to 1.16
I expect another struggle around that level and bounce up partially.

togr posted:
So far it has not moved a bit. Waiting for news perhaps?

So, what’s your observation for today? Till now only 40 pips in this week.

togr posted:

togr posted:

togr posted:

TiffanyK posted:
Just shorted EUR/USD today seemed going down, lets see how it will move today, the EURUSD seems calm for now ..

So how is your short EU doing, did you close around 1.17 or waiting?

!.17 was breached and we are reching 1.165

SO we are getting close to 1.16
I expect another struggle around that level and bounce up partially.

Pair has moved deep down and now the correction is coming - getting back to 1.16