H4 Candle just about to close. Another H4 should give a wick down before up continuation as always..
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Cable Update - Continued 102 replies
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Disliked{quote} Rob, What on earth are you talking about? Why are you so paranoid?. I have never disliked a post on FF. How does the dislike button work? Show me so I can start playing silly games. To be honest I do not have time for stupid games. If someone is disliking your posts then you must have done something to offend them? Yes. Why are you reading my posts, if you ignored me? You are talking about disliking your posts in your thread and to be honest I have not once visited your thread and I have no desire to be there or hedging the way you do. Take...Ignored
Disliked{quote} Fed decision is due next week... Make one think what is pushing the cable to push this high ahead of the rate hike.Ignored
Disliked{quote} Part of your Q, already answered in my previous post. Further, dollah falling sharply due to weak housing data. Please take a note on short term support on DXY (usd index) around 110$ but chances of a dip till 109.5$ It will take 6 months to see how these 4% rates ripple through the economy. No doubt the Fed has slowed the economy. Inflation growth has basically stopped but we DONT need a recession either. Real estate is a big concern.Ignored
DislikedWe are hoping for price to breakout on Gold... But I like dealing before the breakout As soon as there is a confluence I'll post the signal later on. Confluence is when two or three parameters agree as one in a given direction... If you're trading it now, you are on your own.. But look for buy opportunities.. Good Luck {image}Ignored
Disliked{quote} Part of your Q, already answered in my previous post. Further, dollah falling sharply due to weak housing data. Please take a note on short term support on DXY (usd index) around 110$ but chances of a dip till 109.5$ It will take 6 months to see how these 4% rates ripple through the economy. No doubt the Fed has slowed the economy. Inflation growth has basically stopped but we DONT need a recession either. Real estate is a big concern.Ignored
DislikedBTC, see the slope. This is whats coming now from other instruments so just in case you are on the wrong side have ready your SL and i never place SL. I may be wrong {image}Ignored
DislikedPrice has reached enormous resistance now. This is Weekly Chart! Price crossing over this R means reversal is in play, so 1.20 by Don shouldn't be any problem at all.. {image}Ignored
Disliked{quote} You are mostly right Pat. I see this USD weakness has temporary to correct oversold conditions of instruments against it. Now dollar index will find support any moment from now and USD will get aggressive again. As for Gu, it has done 330 pips this week so far, most it does in recent weeks is 430 pips, I expect some 130 to 400 pips correction within this week and Tuesday next week. I may be wrong hence no obligation to follow.Ignored