Hi egbon,
bawo ni?
Check NZDUSD it looks good for sell.
Its Meshach from Nigeria.
bawo ni?
Check NZDUSD it looks good for sell.
Its Meshach from Nigeria.
Trading For Those Who Have A Day Job 28 replies
Trading For Those Who Have A Day Job 0 replies
DislikedHi egbon, bawo ni? Check NZDUSD it looks good for sell. Its Meshach from Nigeria.Ignored
DislikedNZD hit the upper edge of the ascending line on Daily but so far the bounce is not convincing , also on 4HR there is still some place to go {image} {image}Ignored
DislikedThere is even more interesting picture emerging on AUDUSD on Daily with today's break out of the range {image}Ignored
Disliked$ dropped sharp testing the 79 and breaking the short term up trend line (in red), gold dinīt advance, on the opposite it moved slightly lower. Are we at the turn-around point? also DJ dropped sharp today but still didnīt invalidate yesterday low. I am still looking to sell gold as I didnīt see yet confirmed invalidation to the bearish medium term trend {image} {image}Ignored
Disliked{quote} Hi Rehab You took the words right out of my mouth (keyboard!) How can we have such a large creaming of the US$ and gold does not go up 50$ or so? As you said 79.00 is the line in the sand for the dollar index and a bounce might be in store. But the bigger correlations dont seem to work. Treacherous waters imho. About your gbpjpy. It is still hugging the topline. Even though I still think (because of EW) that usdjpy could see 98.00 this downmove, if it happens, could be compensated by strength in gbp like today. If we have a massive stockmarket...Ignored
Disliked{quote} Hi Rehab You took the words right out of my mouth (keyboard!) How can we have such a large creaming of the US$ and gold does not go up 50$ or so? As you said 79.00 is the line in the sand for the dollar index and a bounce might be in store. But the bigger correlations dont seem to work. Treacherous waters imho. About your gbpjpy. It is still hugging the topline. Even though I still think (because of EW) that usdjpy could see 98.00 this downmove, if it happens, could be compensated by strength in gbp like today. If we have a massive stockmarket...Ignored
Disliked{quote} Not all correlations are absolute and last forever. It's quite possible for gold and the dollar to go up at the same time, even if only briefly. These correlations are elastic. There are many reasons to like the $, many to not like it, many to like gold and many to not like gold. At the end of the day all that complexity just boils down to candles on a chart. Trouble with gold is that everyone (I speak loosely; there are of course many die-hard gold bugs) is bearish gold, although it's easy to understand why. Well, everyone has been bearish...Ignored
Disliked{quote} I know that no correlation lasts forever BW but there are correlations and there are correlations. And they do go out of whack sometimes but you expect that it would be only for a while. Anyways like you said we cant rationalise all the angles for all moves we just need to trade the price in front of us. Right now we ned to be nimble. A good example today is that suggestion from PipCenturion to sell nzdusd. While it is not my kind of trade if he traded it he would have pocketed 35 pips in a few hours so far. Hope he did. OluIgnored
DislikedHi egbon, bawo ni? Check NZDUSD it looks good for sell. Its Meshach from Nigeria.Ignored
Disliked{quote} I know that no correlation lasts forever BW but there are correlations and there are correlations. And they do go out of whack sometimes but you expect that it would be only for a while. Anyways like you said we cant rationalise all the angles for all moves we just need to trade the price in front of us. Right now we ned to be nimble. A good example today is that suggestion from PipCenturion to sell nzdusd. While it is not my kind of trade if he traded it he would have pocketed 35 pips in a few hours so far. Hope he did. Olu...Ignored