Breakout London Timeframe

sign of market relieve!

market still in cautious!

another boosting EURO!

more liquidity!

good to go once US drop the rate!

I try to price in first on EU!

EURUSD

Bias long

H4

Main points

1. The UK economy is on course to grow by 0.3 per cent in the third quarter of 2019, a resumption of growth after a 0.2 per cent fall in the second quarter when production had slackened after being boosted in the first quarter by stockbuilding ahead of the original Brexit departure date (figure 1).
2. According to new ONS statistics published this morning, the UK economy was flat in the three months to July. The stagnation in output in the three months to July was associated with an above-expectations 0.3 per cent increase in GDP in the month of July, driven primarily by an increase in output in the services sector.
3. Recent surveys suggest that output was flat in August, with service sector expansion being offset by contractions in manufacturing and construction. If these trends continue, GDP will grow by around 0.3 per cent in the third quarter (figure 1). This is higher than the 0.2 per cent growth that we had pencilled in last month.

GBP nice to continue to long

EURAUD

finally the price drop superb since I make entry!

Today is the main day for ECB which I anticipate and hold the trade for today!

Major announcement!

FASTEN YOUR SEATBELT!

NZDCAD

Bias: Long

what a big round for seller!

it is time for buyer???

Yes Monoki, NZD crosses oversold across the board.

There are two facts that I learned early on as I began my journey about chart trading:

1. The Chart never lies

2. The past price does not move the future price.

Hi Mallee,

you got a nice contrarian trade!

keep the good posted!

“If
you
don’t
read
the
newspaper,
you
are
uninformed,
if
you
do
read
the
newspaper,
you
are
misinformed.”
-‐Mark
Twain

sell. tp yesterday's low. exit yesterday's open.

got some profit as market gone into a range hitting above asian high.

try selling again due to bounce from yesterday's high, also last week high 50 fibo. targetting yesterday's low.

Nice

just now the Boris Johnson case happen! giving alot of volatility!

Generally, I seldom touch GBP due to high volatility! not suitable to my style trading..

but, if you trade shorter timeframe, it will be wonderful!

Production was flat in the three months to September, a slight improvement on August.

Manufacturing output was flat in the three months to September, a slight improvement on August. That’s according to the latest monthly CBI Industrial Trends Survey.
The survey of 269 manufacturing firms revealed that both total order books and export order books were reported as below normal, and to a much greater extent than in August.

Output volumes expanded in 9 of 17 sub-sectors in the quarter to September, with the food, drink & tobacco and mechanical engineering sub-sectors driving the positive contributions to growth. Meanwhile, the main drags on growth were the metal manufacture, metal products and textiles & clothing sub-sectors. Respondents anticipate that output volumes will fall at a brisk pace in the next three months.
Manufacturers expect output price inflation in the next three months to accelerate above the long-run average. This follows expectations of no change in August. Present stocks of finished goods were reported as above adequate to the greatest degree since the financial crisis (May 2009).

after front loaded inventory, the GBP expected to weaken for next Q let it up up and then kaboom

The RBNZ GDP data is still within projection. it is good sign.

the cash rate will most likely remain same for now. What we have to expect is the planning for RBNZ in coming future?

with current improvement of the trade war tension, this bring more investor to carry NZD compare the rest ccy!

Cheers

here we can see recent incident in drone attack on oil refinery!

What I expect the invetory should be lower!

FF already forecast is -0.5M

Reuters poll is -0.768M

So it will provide some significant room!

What to trade ?

if oil price up, what will happen to JPY and NZD?

think about it!

cheers