EURUSD - One step up - one step down
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It's just amazing to see on different time frames how the price actions can be so confusing if we just looking one time frame.
If you don't care with the fundamental data which is right now at this moment were the initial jobless claims, which to be honest doesn't really show us any surprise it's became neutral, its indicating that the ranging what we can see on 4H time frame will continue.
At the same time at 4 :00 PM within 15 minutes we will get some housing data which is going to show us the new building permits , then ongoing sales, and that's how we can use this fundamental data to take some directions for the rest of the day.
Until this data will come the market just doing what the technicals are dictating to it. It's between the daily time frame has an ascending triangle formation, which is at this crucial long-term support levels only allowing us Traders to make bad decisions right now either you going to take along or short Your Position will quickly became green and then suddenly red, red and then suddenly green. ( not to mention the ethics option expiries on this day which is also another element in this market what I just starting to discover )
But it's 4:00 p.m the direction will change and it's going to be that your position will be very green or very red just because of you didn't want to wait for for the fundamental data even though you wasn't forced to take a position. That's what we call gambling. But gambling and being smart and getting ahead of the competitors which are the other Traders hedge funds Banks Pension funds whoever, is just a slight difference. Personality I think that if I can find this narrow route, inside in this blurry word of trading, maybe one day I can be among the best just like you.
Thank you for reading- ElGatoTrade
If you don't care with the fundamental data which is right now at this moment were the initial jobless claims, which to be honest doesn't really show us any surprise it's became neutral, its indicating that the ranging what we can see on 4H time frame will continue.
At the same time at 4 :00 PM within 15 minutes we will get some housing data which is going to show us the new building permits , then ongoing sales, and that's how we can use this fundamental data to take some directions for the rest of the day.
Until this data will come the market just doing what the technicals are dictating to it. It's between the daily time frame has an ascending triangle formation, which is at this crucial long-term support levels only allowing us Traders to make bad decisions right now either you going to take along or short Your Position will quickly became green and then suddenly red, red and then suddenly green. ( not to mention the ethics option expiries on this day which is also another element in this market what I just starting to discover )
But it's 4:00 p.m the direction will change and it's going to be that your position will be very green or very red just because of you didn't want to wait for for the fundamental data even though you wasn't forced to take a position. That's what we call gambling. But gambling and being smart and getting ahead of the competitors which are the other Traders hedge funds Banks Pension funds whoever, is just a slight difference. Personality I think that if I can find this narrow route, inside in this blurry word of trading, maybe one day I can be among the best just like you.
Thank you for reading- ElGatoTrade
أغلقت الصفقة: تم الوصول للهدف
conference-board.org/topics/us-leading-indicators- MUST READ -altough Trump still can broke the EURO with just one tweet on this crucial level. 
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