So we just had CPI data come out with a 7.1% Showing... Market heavily affected with USD further weakening. For many this gave the way for EXITS on any former light longs and an idea of where we can look to short...
But the main point is this provides opportunity to Trade News Events the right way... By not guessing.
Use the market RE action. Not the market action.
Trade safe Trade small and watch on and learn..
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This is why you EXIT after the Strong move you often get a fall... Remember for next time..!
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Looking now to exit light shorts taken for gains. Any light longs still needed lower for mkt value.
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Price Continuing as we looked for it to based on Strong Sentiment for USD Weakness.
Looking to scale in on a further rise the TGTS higher up (Shown in video)
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We have more news 19:00 FOMC. Remember this lesson we are not GUESSING. We trade the reaction as smart traders :)
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exit light shorts for gains.
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All sides Traded Great. Have a nice weekend all!
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New analysis to come this week as we re position on EUR.
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Note the level we are now returning to for longs.
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Light longs
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Exit for gains again!
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Market Is For Scalpers At The moment. Trade accordingly with appropriate risk. awaiting changed news sentiment for higher or lower entries as per the analysis video.
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1.05 is your long zone at Weekly Support. light-mid longs.
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Start to look to scale in on any further rash moves down close to our predetermined long zone. Looking for improved impetus next week.
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Looking long on this week and looking for further volatility.
Any fast moves up we shall exit IN TIME without FOMO.
Trade Small do not guess the news at any time!
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Boom out for gains. +50
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Out for further gains. Exit all longs as we start to look at the short side.
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Looking for further risk averse longs 1.04800
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Look lightly short at 1.06700
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Exit Scalp shorts taken for gains. Much harsher Rise or fall needed for further moves STAY posted.
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Take LIGHT Longs. Risk averse traders go for 1.04800
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Look lightly short on current rise exits in nearish future.
Various market news events tomorrow so need to stay active.
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Exit for gains.
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Retail Sales (US) to come tomorrow.
Looking short higher up as we scale in.
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All exits taken on yesterday fast and hard fall.
RE shorts come far higher.
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ECB news fairly well anticipated but may see volatility.
Be on guard and manage positions well (KEY RM rules)
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Take light shorts
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Exit Light Shorts Taken Prev Looking to RE short 1.08 as impulse rise comes.
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1.088 suits current short bias.
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Light intraday long zone circa 1.0705
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No sentiment moving the EUR looking long on further falls.
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Market Ugly... RASH move needed for 1.11+ area and shorts. Any other is scalp shorts.
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Light short side trading NOW looking for 1.11 risk averse (nearer full position size).
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Maintaining light shorts remainder placing 1.11
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Looking for impulse moves 1.116. Take off any light shorts
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Let the market breathe and don't rush in. Still have FOMC to go.
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Price raising up to 1.116 and this is why we hold off.
Where is the move? Up or down? I think you talking about pump dump schemes. It is just a big casino working for riches. Fake market
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@ramzy007, news reactions are impulsive and sellers move in (up moves).. this is just natural and the way things work whenever sellers move in and buyers liquidate