Profit is where readiness meets Opportunity
Defeating Paralysis Analysis 12 replies
What is A book vs B book in Forex trading? 30 replies
Beige Book results 0 replies
Beige Book 1 reply
Quoting NewstraderFXDislikedThe currencies are far from comatose; we've seen a fascinating result from the TB today. The $ bulls who have been in the market since last friday have remained there; we have not seen the profits taken to any significant degree. When the TB came out $-, after the initial spike, more $ bulls came into the market to support their positions. That was the cause of the retrace. Evidence is there that right now-there is a lot of smart, professional money in the market that is remaining $ bullish; so much so that they haven't taken their profits from last friday.
If the currencies remain "comatose" up till the BB release, that means they believe that either the BB will be $+, or that a $- report can be supported by them. Let's see how it goes...Ignored
Quoting FXopportunistDislikedComatose currencies. I guess we wait for the beige book.Ignored
Quoting TyprussDislikedIts a good thing we the Factory to keep un occupied while i stare at the price feed... 119.43.......119.44.............119.43..............119.44..............119.43........
(two hours later) 119.44........119.43...........119.44..........19.42... YAAAAAHOOOOO it moved.Ignored
Quoting FXopportunistDislikedPredicting really isn't my specialty petercross. I will say that the dollar is at the top of its range and occurs to me to be overbought. While I never rule anything out, I would be surprised to see it go higher.Ignored
Quoting ciciDislikedDumb question here:
I dollar is overbought and wont go "higher", does that mean the GBPUSD chart won't go lower?
I get confused when peope speak of only one currency.
ThanksIgnored
Quoting ciciDislikedAnother dumb question:
What the hell is a Beige Book, and where can I read it?
Thank you velly mucho.Ignored
Quoting NewstraderFXDislikedThe currencies are far from comatose; we've seen a fascinating result from the TB today. The $ bulls who have been in the market since last friday have remained there; we have not seen the profits taken to any significant degree. When the TB came out $-, after the initial spike, more $ bulls came into the market to support their positions. That was the cause of the retrace. Evidence is there that right now-there is a lot of smart, professional money in the market that is remaining $ bullish; so much so that they haven't taken their profits from last friday.
If the currencies remain "comatose" up till the BB release, that means they believe that either the BB will be $+, or that a $- report can be supported by them. Let's see how it goes...Ignored
Quoting ciciDislikedDumb question here:
I dollar is overbought and wont go "higher", does that mean the GBPUSD chart won't go lower?
I get confused when peope speak of only one currency.
ThanksIgnored