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  • #27,121
  • Mar 14, 2019 12:23pm Mar 14, 2019 12:23pm
Quoting Gmo
PA Pivots Events - The Facts! Davit's Post 27,039, March 13, 5.37am Davit has stressed the importance of the Daily Open (5pm EDT) as setting a Daily Trend but also the London Open as often setting a Session Trend. The New York Open similarly should be marked as well - often confirms the London Session trend. Tie these to Red News Events and Price Action. I have a single chart that I refer to that uses the Daily Open Indicator (x3). Simply set London 10 hours and New York 15 hours after the Daily Open. There are probably better indicators but you...
Great Post GMO
Hope your friend recovers!
In trading, you have to be defensive and aggressive at the same time
  • #27,122
  • Mar 14, 2019 12:25pm Mar 14, 2019 12:25pm
Was and still watching the Vote looks like extension article 50 in the cards?To be honest I am sorting this myself to understand.I am a laymen when comes to British Politics.
This cant be good for GBP if extension gets the vote at least that's my understanding.Perhaps someone from UK can explain it better.
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #27,123
  • Mar 14, 2019 12:35pm Mar 14, 2019 12:35pm
Quoting Davit
Was and still watching the Vote looks like extension article 50 in the cards?To be honest I am sorting this myself to understand.I am a laymen when comes to British Politics. This cant be good for GBP if extension gets the vote at least that's my understanding.Perhaps someone from UK can explain it better. https://www.youtube.com/watch?v=IIhtcIcMAns


https://www.bnnbloomberg.ca/bets-aga...year-1.1228773
  • #27,124
  • Mar 14, 2019 12:36pm Mar 14, 2019 12:36pm
Quoting Davit
Was and still watching the Vote looks like extension article 50 in the cards?To be honest I am sorting this myself to understand.I am a laymen when comes to British Politics. This cant be good for GBP if extension gets the vote at least that's my understanding.Perhaps someone from UK can explain it better. https://www.youtube.com/watch?v=IIhtcIcMAns
I thought the same, Until I saw price jump up on GBP each time they reject a deal or something. I think may go up again if they extend.
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  • #27,125
  • Mar 14, 2019 12:38pm Mar 14, 2019 12:38pm
Quoting Davit
Was and still watching the Vote looks like extension article 50 in the cards?To be honest I am sorting this myself to understand.I am a laymen when comes to British Politics. This cant be good for GBP if extension gets the vote at least that's my understanding.Perhaps someone from UK can explain it better. https://www.youtube.com/watch?v=IIhtcIcMAns
Article 50 was the hard deadline for the UK to leave the EU. Now they want to essentially kick the can down the road, probably for forever. How it all ends is still a muddled mess.
Trade with confidence, trade without fear.
  • #27,126
  • Mar 14, 2019 12:40pm Mar 14, 2019 12:40pm
Quoting Dumaresq
{quote} I thought the same, Until I saw price jump up on GBP each time they reject a deal or something. I think may go up again if they extend.
Agree yesterday massive 4pm move on GBP was enormous. Timing was so fraudulent.Managed to scalp on the way down on GU
In trading, you have to be defensive and aggressive at the same time
  • #27,127
  • Mar 14, 2019 12:40pm Mar 14, 2019 12:40pm
Quoting Cryptosurf
{quote} Article 50 was the hard deadline for the UK to leave the EU. Now they want to essentially kick the can down the road, probably for forever. How it all ends is still a muddled mess.
Is there a another vote today? 3pm?
In trading, you have to be defensive and aggressive at the same time
  • #27,128
  • Mar 14, 2019 12:41pm Mar 14, 2019 12:41pm
Quoting Davit
This cant be good for GBP if extension gets the vote at least that's my understanding.
it depends as, in short, an extension is the first step toward reversing Brexit for many MPs. It will depends on the length of the extension, if an extension is agreed (if not, it is out by 29th of March, with or w/o a deal).
Some will see an extension as continuous uncertainty (negative) some as staying in the EU longer (positive), for ex. enough to reverse the referendum result or at least make more preparation for no deal, etc... choppy times ahead.
Hence the key is not really about the vote to request an extension, but their decision about the argument for the extension request and the corresponding length of time as to convince the EU (the 27 countries, it has to be unanimous decision and unsurprisingly, it seems Farage is already lobbying a few "EU unfriendly" countries to veto the decision).
  • #27,129
  • Mar 14, 2019 12:43pm Mar 14, 2019 12:43pm
UJ and also monitory policy tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #27,130
  • Mar 14, 2019 12:47pm Mar 14, 2019 12:47pm
Quoting ForeverNewb
{quote} it depends as, in short, an extension is the first step toward reversing Brexit for many MPs. It will depends on the length of the extension, if an extension is agreed (if not, it is out by 29th of March, with or w/o a deal). Some will see an extension as continuous uncertainty (negative) some as staying in the EU longer (positive), for ex. enough to reverse the referendum result or at least make more preparation for no deal, etc... choppy times ahead. Hence the key is not really about the vote to request an extension, but their decision...
thanks for explanation.Still learning.... Is there a another vote at 3pm EST NY today? or this was it
In trading, you have to be defensive and aggressive at the same time
  • #27,131
  • Mar 14, 2019 12:49pm Mar 14, 2019 12:49pm
Quoting Davit
{quote} Is there a another vote today? 3pm?
I believe they are voting on various amendments to narrow down options.
Trade with confidence, trade without fear.
  • #27,132
  • Mar 14, 2019 12:49pm Mar 14, 2019 12:49pm
Quoting Davit
{quote} thanks for explanation.Still learning.... Is there a another vote at 3pm EST NY today? or this was it
The vote hasn't taken place yet, they are only voting on amendments at the moment. Not sure how many there are before the vote on the motion...
  • #27,133
  • Mar 14, 2019 12:49pm Mar 14, 2019 12:49pm
Quoting Davit
{quote} thanks for explanation.Still learning.... Is there a another vote at 3pm EST NY today? or this was it
There are 4 votes today. the most important one the extension on deadline is coming up later.
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  • #27,134
  • Mar 14, 2019 12:54pm Mar 14, 2019 12:54pm
Quoting ForeverNewb
{quote} The vote hasn't taken place yet, they are only voting on amendments at the moment. Not sure how many there are before the vote on the motion...
I need my UK friends here guys! Your contribution and analyses is extremely valuable.Its one thing reading an article another reading from troops down there.
In trading, you have to be defensive and aggressive at the same time
  • #27,135
  • Mar 14, 2019 12:57pm Mar 14, 2019 12:57pm
Will keep an ear out about this in the future as well, any big deal with the US could push up also.
Attached Image
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  • #27,136
  • Mar 14, 2019 1:04pm Mar 14, 2019 1:04pm
Sky News Live feed

Inserted Video
Trade with confidence, trade without fear.
  • #27,137
  • Mar 14, 2019 1:04pm Mar 14, 2019 1:04pm
I made just over 20% this week and i have been very conservative on my approach waiting for a 4 hour candle to close R61/S61+ Zones. It been fairly stressfree i have avoided GBP and although my biggest earner was GBP/USD that was down to not closing last weeks trades on E/U and G/U and just being patient. I have along on A/N and a short on N/J. Im feeling more confident and learning to just relax not expect huge profit from the markets just small increments in every swing and no longer looking for home runs. The benefit of this is that prevents market turning and you losing your profit especially if your aim is to have a larger sum of money to trade. I would like to take my time to say thank you Davit. Forex has been a painful process for me and finally i am actually enjoy trading.

I enjoy trading, money is a buy product i never look at the money until the trades are closed i prefer to just look at swings and my expectations of when the market begin to turn and how much is on the table.

I use 1-2-1 harmonic small swings to indentify take profit which has massively helped.

thanks Riese
Attached Image
  • #27,138
  • Mar 14, 2019 1:05pm Mar 14, 2019 1:05pm
Quoting Davit
Was and still watching the Vote looks like extension article 50 in the cards?To be honest I am sorting this myself to understand.I am a laymen when comes to British Politics. This cant be good for GBP if extension gets the vote at least that's my understanding.Perhaps someone from UK can explain it better. https://www.youtube.com/watch?v=IIhtcIcMAns
Here's a feed that has real time explanations.

https://www.fxstreet.com/macroeconomics/events/brexit
  • #27,139
  • Mar 14, 2019 1:07pm Mar 14, 2019 1:07pm
Quoting Davit
Was and still watching the Vote looks like extension article 50 in the cards?To be honest I am sorting this myself to understand.I am a laymen when comes to British Politics. This cant be good for GBP if extension gets the vote at least that's my understanding.Perhaps someone from UK can explain it better. https://www.youtube.com/watch?v=IIhtcIcMAns
None of us understand it either I am so embarrassed of my government we are a absolute laughing stock to the world.
  • #27,140
  • Mar 14, 2019 1:07pm Mar 14, 2019 1:07pm
Quoting RieseP
I made just over 20% this week and i have been very conservative on my approach waiting for a 4 hour candle to close R61/S61+ Zones. It been fairly stressfree i have avoided GBP and although my biggest earner was GBP/USD that was down to closing last weeks trades on E/U and G/U and just being patient. I have along on A/N and a short on N/J. Im feeling more confident and learning to just relax not expect huge profit from the markets just small increments in every swing and no longer looking for home runs. The benefit of this is that prevents market...

I use 1-2-1 harmonic small swings to indentify take profit which has massively helped.

Can you explain this please?
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