Eur/usd short term market content prediction

News/Fundamentals during a trading day is constant some market moving some not.
An accurate economic calendar is a necessity Only to keep me away from whipsaws.as my trading time frame is short. so after major news which affects my pair eurusd i let the market settle before i enter a trade based on my strategy.

So no i don't trade Fundamentals i am just aware of it.
 
zzz123 said:
what I mean is for eur bull, because it is not going anywhere, last Friday there was a short squeeze, so it is quit safe if you want to short here, just get out what it is swing back down to the bottom
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My reason for seeing wisdom in remaining on the sidelines with respect to EURUSD is quite different from yours. For instance, from my personal point of view, I do not see it as "quite safe if you want to short here" (@1.0643) at all!

My reason is that the bulls and bears seem to have been locked in a struggle ever since the middle of December last year, with neither able to gain the upper hand, and in fact, the rate has climbed approximately 100 pips since my last comment. If I had shorted then, I'd be in big trouble right now, because my goal is to make money every single day (though I know from your original post that you see a one- to two-week time frame as short term).

My former plan to catch the next leg south was canceled out by the candlestick marked with an arrow in the image below (where the bulls convinced me they were back on top and it would have made sense to enter another long position...)

upload_2023-1-9_9-58-48.png
 
expiated said:
My reason for seeing wisdom in remaining on the sidelines with respect to EURUSD is quite different from yours. For instance, from my personal point of view, I do not see it as "quite safe if you want to short here" (@1.0643) at all!

My reason is that the bulls and bears seem to have been locked in a struggle ever since the middle of December last year, with neither able to gain the upper hand, and in fact, the rate has climbed approximately 100 pips since my last comment. If I had shorted then, I'd be in big trouble right now, because my goal is to make money every single day (though I know from your original post that you see a one- to two-week time frame as short term).

My former plan to catch the next leg south was canceled out by the candlestick marked with an arrow in the image below (where the bulls convinced me they were back on top and it would have made sense to enter another long position...)

View attachment 303252
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you are right, I made mistake too, but eur just break out the range a tiny little, it can't be labeled as a strong move up, if you want to go long, I would suggest waiting for a strong move away from the range with some follow through that show bull win
but my view is the rally is very close to its end we will find out this week
 
zzz123 said:
if you want to go long, I would suggest waiting for a strong move away from the range with some follow through that show bull win
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I am a day trader, so no doubt, when, where, how and why I enter and exit positions is probably going to be quite different from a trader who sees one to two weeks as short term (i.e., for me, the time to go long was from around 1.0570 to the present neighborhood of 1.0750).

Nonetheless, I do have long range charts, so it's interesting to compare my more extended forecasts with those of others. For example, right now, I am a long way off from seeing "definitive" signs that EURUSD's bull run might possibly be over, which I guess is quite different from your take.
 
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expiated said:
I am a day trader, so no doubt, when, where, how and why I enter and exit positions is probably going to be quite different from a trader who sees one to two weeks as short term (i.e., for me, the time to go long was from around 1.0570 to the present neighborhood of 1.0750).
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I totally agree, it is not day trading, it is trying to catch a big move in a one to two-week timeframe
 
I really have nothing more to contribute for the time being. With this climb back up to (a little above) the resistance area I identified in Post #17, I am now completely (longer-term, for me) neutral the Euro-U.S. dollar for the foreseeable future. It will probably be a couple of weeks to a couple of months before I lean one way or the other, at a minimum, so I leave it for others to continue this discussion....:thumbsup:
 
this rally is defenitaly not weak one, so all the bet off short right now, if it can hang there for two day, not back to the bottom, i will have a new view.
 
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