On-site guru & also FF member's' psychiatrist, when not drinking tea
- #4,421
- Nov 11, 2017 8:14am Nov 11, 2017 8:14am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #4,422
- Nov 11, 2017 8:17am Nov 11, 2017 8:17am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #4,425
- Nov 11, 2017 9:05am Nov 11, 2017 9:05am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #4,426
- Nov 11, 2017 9:14am Nov 11, 2017 9:14am
- Joined Nov 2010 | Status: To pip or not to pip... | 1,030 Posts
Taigen Profit This Month:
na
- #4,427
- Nov 11, 2017 10:19am Nov 11, 2017 10:19am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
I love the high energy that many of you put into your posts. Since most of you are short term traders, I wish you the best. You are like riding the waves on the shores of Australia. I'm a little more out to sea where, for the most part, the waves are less dramatic. The daily chart is my anchor upon which I make decisions. The channel is one of my strongest indicators but it's slow. That why my positions take anywhere from two weeks to two months or more to complete. My baby pip positions allow me to take a lot of positions. The reason: I'm rarely...
I'm a swing trader too and have your same channel on the daily. 1730 is confirmed by the weekly chart too.
- #4,432
- Edited 8:29am Nov 12, 2017 8:14am | Edited 8:29am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #4,433
- Nov 12, 2017 8:43am Nov 12, 2017 8:43am
- Joined Jun 2013 | Status: enjoying life | 23,897 Posts | Online Now
- #4,434
- Edited 4:32pm Nov 12, 2017 8:52am | Edited 4:32pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
price is consolidation after a massive for the chart 170 pip candle
thursday 26th oct ,
when bears get a grip again it should flow more steady
if I see another 170 pip candle to the upside next ill be wrong
probability does not sit well with that outlook
11300x is a reasonable target on a bearish daily
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #4,435
- Nov 12, 2017 8:55am Nov 12, 2017 8:55am
- Joined Mar 2016 | Status: Trader | 6,333 Posts
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return:
-63.9%
- #4,436
- Nov 12, 2017 9:33am Nov 12, 2017 9:33am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
Good morning!
Lots and lots of chatter this week via the Central Bank Communications Conference. Pretty much every central bank manager around the world will be speaking over the course of a few days. Not to worry- these speeches will likely be non events
The mover this week will be US PPI and CPI. Remember, rate hikes in the US depend largely on inflation, so these numbers will give us a good look into whether or not December is a hike.
The PPI and CPI numbers have been largely underwhelming but inline this year. Expect another inline number to set December hikes in stone. If there is a large miss (such as a negative number) that will add a big ?? to December rate hikes, and probably cause some people to be on the wrong foot....so a lot of volatility will be expected regardless of hikes or not.
If the numbers come through as inline or better than December rate hikes will largely be priced in for FOMC.
Currently we are sitting at the break-point of the head and shoulders pattern we've been tracking in the thread...so this maybe a good short position. Attached is a rough sketch of how I am playing this trade. Good luck friends! See you later this week
Lots and lots of chatter this week via the Central Bank Communications Conference. Pretty much every central bank manager around the world will be speaking over the course of a few days. Not to worry- these speeches will likely be non events
The mover this week will be US PPI and CPI. Remember, rate hikes in the US depend largely on inflation, so these numbers will give us a good look into whether or not December is a hike.
The PPI and CPI numbers have been largely underwhelming but inline this year. Expect another inline number to set December hikes in stone. If there is a large miss (such as a negative number) that will add a big ?? to December rate hikes, and probably cause some people to be on the wrong foot....so a lot of volatility will be expected regardless of hikes or not.
If the numbers come through as inline or better than December rate hikes will largely be priced in for FOMC.
Currently we are sitting at the break-point of the head and shoulders pattern we've been tracking in the thread...so this maybe a good short position. Attached is a rough sketch of how I am playing this trade. Good luck friends! See you later this week
- #4,439
- Nov 12, 2017 9:56am Nov 12, 2017 9:56am
- Joined Mar 2016 | Status: Trader | 6,333 Posts
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return:
-63.9%
- #4,440
- Nov 12, 2017 10:11am Nov 12, 2017 10:11am
- Joined May 2014 | Status: Full Time Trader | 27,262 Posts
Focus only on what truly matters!