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  • #68,421
  • Jun 17, 2020 5:42pm Jun 17, 2020 5:42pm
I noticed this possible bull wedge formation. I thought it could reach for 1249/50. A wedge break could break the 1252 R and even 1262/78 R.. Just something to be aware of. (gold)
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those who can, do. those who cant, talk about those who can
  • #68,422
  • Jun 17, 2020 5:45pm Jun 17, 2020 5:45pm
Quoting gatorinla
I noticed this possible bull wedge formation. I thought it could reach for 1249/50. A wedge break could break the 1252 R and even 1262/78 R.. Just something to be aware of. {image}
The smaller purple wedge may be bearish.. if so, it may drop now. Like textbook 1250 would do. To aim for the Wednesday low area or more.
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those who can, do. those who cant, talk about those who can
  • #68,423
  • Jun 17, 2020 6:21pm Jun 17, 2020 6:21pm
Aussie employment data due in 10 minutes. New Zealand GDP came in below expectations at -1.6% vs -1% expectations
  • #68,424
  • Jun 17, 2020 6:23pm Jun 17, 2020 6:23pm
Quoting gatorinla
{quote} 1270.. with 1285 stop. 1253 also a R. Textbook 1250.. with 1253 to aid.. second choice 1270 helped with 1285 R.. pa may not run too far past 1189.. As time rolls on, all this drops.
here
those who can, do. those who cant, talk about those who can
  • #68,425
  • Jun 17, 2020 6:34pm Jun 17, 2020 6:34pm
EU 6/18/2020 trading levels... next to print 1219 or 1265

RU R3 ----------1.1328
DP R2 ----------1.1302
WP PP ----------1.1299
RU R2 ----------1.1289
DP R1 ----------1.1281
RU R1 ----------1.1265
DP PP ----------1.1248
MP R2 ----------1.1240
WP S1 ----------1.1219
RU S1 ----------1.1217
DP S1 ----------1.1215
DP S2 ----------1.1194
RU S2 ----------1.1193
WP S2 ----------1.1170
DP S3 ----------1.1161
RU S3 ----------1.1153
  • #68,426
  • Jun 17, 2020 6:37pm Jun 17, 2020 6:37pm
Aussie employment data below expectations.
-227.7K-105.0K-594.3K
AUD
Unemployment Rate
7.1%6.9%6.2%

AJ daily uptrend line has been broken.....maybe only short term, could be a spike down, but has at least been penetrated.

My 1246 short TP 1236 hit, Gator's wedge look to have broken down. Holding 1249 for lower
  • #68,427
  • Jun 17, 2020 6:41pm Jun 17, 2020 6:41pm
thanks for the fall... booked some here 1230 and 1234 , +20.. more to come
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  • #68,428
  • Jun 17, 2020 6:46pm Jun 17, 2020 6:46pm
Quoting Boulder
thanks for the fall... booked some here 1230 and 1234 , +20.. more to come {image}

Good morning Boulder

Me too. 1243 just hit TP 1233

Had a pending short at 1235 done while sleeping....wick just touched but spread kept it active.

I like this 10 pip method, combined with keeping a few for more pips. Reloads allow for many trades in same level, pips taken off the board, risk reduced
  • #68,429
  • Jun 17, 2020 6:48pm Jun 17, 2020 6:48pm
Quoting Blackopal
{quote} Good morning Boulder Me too. 1243 just hit TP 1233 Had a pending short at 1235 done while sleeping....wick just touched but spread kept it active.
my next TPs from 1220 to 1224.. wait to see....
  • #68,430
  • Edited 7:16pm Jun 17, 2020 6:50pm | Edited 7:16pm
Quoting Blackopal
{quote} Good morning Boulder Me too. 1243 just hit TP 1233 Had a pending short at 1235 done while sleeping....wick just touched but spread kept it active. I like this 10 pip method, combined with keeping a few for more pips. Reloads allow for many trades in same level, pips taken off the board, risk reduced
I like it too.....it makes very good returns..,, great for range market....I have refilled this 1230 to 1240s levels 5 rounds for last 18 hours..
  • #68,431
  • Jun 17, 2020 7:02pm Jun 17, 2020 7:02pm
Reloaded 12355
  • #68,432
  • Jun 17, 2020 7:07pm Jun 17, 2020 7:07pm
Hello Everybody...
  • #68,433
  • Jun 17, 2020 7:36pm Jun 17, 2020 7:36pm
Quoting esemes
Hello Everybody...

Gday mate
  • #68,434
  • Edited 9:25pm Jun 17, 2020 8:05pm | Edited 9:25pm
What effect do you think Digital Dollars are going to make? Bullish Bearish?
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  • #68,435
  • Jun 17, 2020 10:05pm Jun 17, 2020 10:05pm
pending short 1269 and 1264

if hourly candle break one of them i will close it.
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  • #68,436
  • Jun 17, 2020 10:17pm Jun 17, 2020 10:17pm
Quoting gatorinla
{quote} https://en.wikipedia.org/wiki/National_debt_of_Japan
why is yen still a safe haven.... go to for risk off?
Its all just one persons opinion
  • #68,437
  • Jun 17, 2020 11:04pm Jun 17, 2020 11:04pm
Quoting gatorinla
{quote} Why yes, it has dropped 30 years.. While debt has grown to 240% of gdp. They are a nation of personal savors. The GDP dont cover the debt. It just gets worse as the debt grows. Its hard to build roads, social cost, etc and stay modern as the debt grows. They are spending money they dont have into infinity. An aging population on a volcano. We dont even know the corona affect yet. In the West we dont have the luxury of savors funding the government. https://www.macrotrends.net/countrie...dp-growth-rate {image}
it was a bubble.
years before you had a decade of gdp growth above 10% even reach 15%

100m population split on 6000 islands.
About 73 percent of Japan is forested, mountainous and unsuitable for agricultural, industrial or residential use As a result, the habitable zones, mainly located in coastal areas, have extremely high population densities:

I don't see this example reliable in any way this small country become decades ago number 1 and during those years and after bankrupt a lot of US companies.
How on Earth you can have a small country with 73% of the country unsustainable for agriculture, industry, residential and be number 1 ?
so imo the problem was not the stagnation after but the exact period of booming years before when everybody wanted to have products made in Japan.
then yes you have aging population. and debt.

my point is this is not a monetary fiasco and it has nothing to do with liquidity. you just can't compare US capitalism with any other country. and that's the main reason why US get's out of recessions every time.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,438
  • Jun 17, 2020 11:12pm Jun 17, 2020 11:12pm
Quoting DMA Trader
short 1.1238
still have this one. but now prices are above my 1H with a support at 1.1246
next R 1.1265 after that all bullish again

1.12 very strong.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,439
  • Jun 18, 2020 12:08am Jun 18, 2020 12:08am
Quoting Boulder
{quote} EurJpy giving up.. drag EU with it... don't look at UsdJpy.. use EurJpy for EurUsd...

you are right,

so started to sell eu 1.1253 tp 1.1170
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  • #68,440
  • Jun 18, 2020 12:16am Jun 18, 2020 12:16am
News will prolly screw all SHORTS
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A good trader follows his rules, but great trader knows when to break them
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