We look set to start the trading year with NFP.
Story of the week keep coming from China. Starting to smell fishy as more details are coming. Things a lot bigger than simply yuan devaluation starting to appear in the surface, including a monster bazooka from US bonds and politicians starting to feel not that happy with Trump pre inauguration aggressive talks. ...
Protectionism will end in tears as it usually does and if Trump walks the talk... Americans will feel the aftershocks of such backward ideas sooner rather than later especially as this is not unleveraged Mexico but its a heavyweight .... Keeping a very close eye in that front as it's flirting to be the first real Trump faux pax after the honeymoon period is over later in the year ....
More important for trading right now is, GOLD triggering 'choose your poison time' right on time to join the board. We have officially ever single major market in either imminent break and/or choose your poison time .... Large movers and shakers expected in the upcoming weeks...
sisse
@chester123 , Replicant, Earleone Good posts !!!
Come on mate. What would be the point of trading only the leg before the news.... of course it includes NFP. Here:
I still have a strong capitulation aftertaste symptoms from those 2 spikes overnight in the middle of nowhere especially because we are in 'red' zone' in the momentum part of the move.
The odds of a full retrace short term after a large multiyear break are usually very slim (in my FX major pairs back data goes from 65% to less than 15% in comparable swings) ...until NFP bulls have the benefit of the doubt so let see how it pans out at the end....
sisse
Story of the week keep coming from China. Starting to smell fishy as more details are coming. Things a lot bigger than simply yuan devaluation starting to appear in the surface, including a monster bazooka from US bonds and politicians starting to feel not that happy with Trump pre inauguration aggressive talks. ...
Protectionism will end in tears as it usually does and if Trump walks the talk... Americans will feel the aftershocks of such backward ideas sooner rather than later especially as this is not unleveraged Mexico but its a heavyweight .... Keeping a very close eye in that front as it's flirting to be the first real Trump faux pax after the honeymoon period is over later in the year ....
More important for trading right now is, GOLD triggering 'choose your poison time' right on time to join the board. We have officially ever single major market in either imminent break and/or choose your poison time .... Large movers and shakers expected in the upcoming weeks...
sisse
@chester123 , Replicant, Earleone Good posts !!!
Disliked{quote} Sisse, when you are referring to the "FOMC/NFP flow", do you mean a flow which starts with FOMC and ends before NFP? Or NFP is included? ThanksIgnored
Disliked....Profit taking or Capitulation. ....Flow extends to the NFP/W combo... GL all... sisseIgnored
Disliked{quote} Hi, Im still in short term from the last "choose your posion" with partial profits (1st + 2 nd) taken. It seems to me its not the right time to scale in on short term (we still in expensive tickets). ....Ignored
The odds of a full retrace short term after a large multiyear break are usually very slim (in my FX major pairs back data goes from 65% to less than 15% in comparable swings) ...until NFP bulls have the benefit of the doubt so let see how it pans out at the end....
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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