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Breakout London Timeframe

  • #3,181
  • Oct 13, 2019 9:40am Oct 13, 2019 9:40am
what interesting more in this business sentimen, I can see the business servicess is heading downwards,

The rate of global economic expansion edged lower in September, as growth of new business slowed and the downturn in international trade continued.

This filtered through to the labour market, with the pace of job creation easing to near-stagnation.

The main drag on global economic growth was a weaker increase in the volume of new business generated during September.

New work rose moderately and at the slowest pace in almost seven years (since November 2012), while new export business decreased for the tenth successive month.
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Let Market Tell You
  • #3,182
  • Oct 13, 2019 9:47am Oct 13, 2019 9:47am
Uncertainty about the economy and trade situation means that analysts are expecting companies will be cautious with their big investments in buildings and equipment. Capital expenditures are expected to have increased just 2.8% in the third quarter from a year ago, which would be the lowest since the second quarter of 2017, when capex declined slightly, according to data compiled by Refinitiv.

this is the trouble for the business, is that could confront large U.S. companies that derive much of their revenue from abroad is the stronger U.S. dollar.

which means basically their earnings is coming form currency appreciated.
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Let Market Tell You
  • #3,183
  • Oct 13, 2019 9:59am Oct 13, 2019 9:59am
Federal Open Market Committee (FOMC) directed the Desk, effective October 15, 2019, to purchase Treasury bills at least into the second quarter of next year.

The desk plans to purchase Treasury bills at an initial pace of approximately $60 billion per month, starting with the period from mid-October to mid-November.


In addition, at least through January of next year, the Desk will conduct overnight and term repo operations to ensure that the supply of reserves remains ample and to mitigate the risk of money market pressures. Term repo operations will generally be conducted twice per week, initially in an offering amount of at least $35 billion per operation. Overnight repo operations will be conducted daily, initially in an offering amount of at least $75 billion per operation.

with this enormous liquidity, what do we expect coming soon?????

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  • #3,184
  • Oct 13, 2019 10:00am Oct 13, 2019 10:00am
with all this info, next week, I will focus mainly in USD

let the market tell me soon
Let Market Tell You
  • #3,185
  • Oct 13, 2019 8:15pm Oct 13, 2019 8:15pm
break or bounce?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,186
  • Oct 13, 2019 8:33pm Oct 13, 2019 8:33pm
Quoting Inthebox
break or bounce? {image}
Probably both over the next few days.....big week for GBP
Its all just one persons opinion
  • #3,187
  • Oct 13, 2019 8:39pm Oct 13, 2019 8:39pm
Quoting axecap
{quote} Probably both over the next few days.....big week for GBP
yes.
if one is day trading on 5/15 min chart. there is opportunity for 15-30 pips.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,188
  • Oct 13, 2019 8:48pm Oct 13, 2019 8:48pm
Quoting Inthebox
{quote} yes. if one is day trading on 5/15 min chart. there is opportunity for 15-30 pips.
Yes agreed....quick in and outs..until it settles
Its all just one persons opinion
  • #3,189
  • Oct 13, 2019 8:54pm Oct 13, 2019 8:54pm
take profit
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,190
  • Oct 13, 2019 9:06pm Oct 13, 2019 9:06pm
there is always opportunities, no doubt about that.
but what we really need is getting traders to participate to be involved in spotting support/resistance in higher time frame.
however each individual has to decide whether price will break or reject or bounce from there.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,191
  • Oct 13, 2019 10:49pm Oct 13, 2019 10:49pm
another perspective.
from h1.
candle closed below day open now pullback to test.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,192
  • Oct 13, 2019 11:44pm Oct 13, 2019 11:44pm
now price is above day open
so watch for bigger candles reaction at smaller time frame support/resistance.
up buy. down sell.
i am going out of my home. may not have time to put through a trade.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,193
  • Oct 13, 2019 11:48pm Oct 13, 2019 11:48pm
CHFJPY H4......opportunity for short

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Its all just one persons opinion
  • #3,194
  • Oct 14, 2019 3:55am Oct 14, 2019 3:55am
Quoting Inthebox
another perspective. from h1. candle closed below day open now pullback to test. {image}
got it
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,195
  • Oct 14, 2019 4:41am Oct 14, 2019 4:41am
the earlier one goes back to simple basic trading the better.
using support/resistance, trend line, moving average, fibonacci.
put your time and effort there learning.
do tell me ...... which special fancy indicators or oscillators able to provide such precision of entry and exit from top to bottom of the range?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,196
  • Oct 14, 2019 5:19am Oct 14, 2019 5:19am
break or reject?
this one has to be extra careful due to higher lows.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,197
  • Oct 14, 2019 6:26am Oct 14, 2019 6:26am
bias is reject as there are 3 attempts to break resistance zone but none successful.
in other words there is no break out candle at the resistance zone.
however if there are further attempts with higher lows, the resistance zone will give way sooner or later.
ITB - Seeing Orderliness amongst 'Randomness'
  • #3,198
  • Oct 14, 2019 7:30am Oct 14, 2019 7:30am
Quoting Inthebox
break or reject? this one has to be extra careful due to higher lows. {image}
take profit. ranging. lost of momentum.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,199
  • Oct 14, 2019 8:31pm Oct 14, 2019 8:31pm
take profit on re-entry.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #3,200
  • Oct 14, 2019 8:44pm Oct 14, 2019 8:44pm
support/resistance with previous break out candle.
what do we do now? buy or sell?
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ITB - Seeing Orderliness amongst 'Randomness'
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