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You Already Know How to Trade! (Supermarket Deals)

I was thinking along similar lines. Since we haven't had earth-shattering fundamental news price is more than a little likely to retest its previous low(1.0750) before it moves straight back up to anywhere near the 1.10 area. IMO it is more likely ...

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So what do you think happened?

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This week, I am reminded how many questions need to be answered before trading can safely take place. Here are a few: 1: What does a trend look like in the Macro view(D1 - Monthly)? And what does ranging look like? 2: What does 'Normal' price ...

You Already Know How to Trade! (Supermarket Deals)

I've got .0827 as the resistance of the day.

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But we are people and we don't always do what is best. Most of the time we hurt ourselves.

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I so badly want to sell, but I hate these news swings. So many bad memories.

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I am looking at one more push down for the day. .0750 is the trendline support. image image image

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I can appreciate that. Something I have heard very little about on this forum is how cyclical 'volatility' is. We could be entering another volatility upspike, stretching out our perception of what is 'regular'. I still hear the voices of posters ...

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Nobody's going in for trend-following shorts? Grab out a few pips here and there?

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Yes! Averages have outliers. Not every time. Keep it up brother.

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Evidence for longs is tenuous at best. Stay safe. Trend is still down in my opinion.

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One of several scenarios. They play out over time. Or something else happens. image

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I am not saying one way or the other which way it is going. Not enough data for me yet. You do a great job sticking with the trend. Keep it up.

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There is no denying that the midrange should impact the price movement here. I see that 'butterfly/bat/failure to break higher' at the top of the range. That failure 'tends' to mean a retest of the bottom of the range. I think the range is getting ...

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Plenty of alternatives to this idea. Nice big range. image

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Hmmm.... 50ish pip range for the next couple of days??? 1.10 untested (weekly) IF it turns here(likely). 1.06 is in crosshairs (possible barring US intervention).

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My popcorn is all gone. I eat it too fast when I get bored.

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This 'news' reaction was so tame... So lame... No fireworks. I like it when the news really gets price moving.

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image image 1.0850 in play. Maybe tomorrow? Price action at level will tell the story.

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