{quote} Indeed. That was a nice sprint by the cable bulls, but have they lost steam or are they just resting?I guess we'll wait and see but it seems they have their eyes set on 2800.
Don't Leave Money on the Table
Hi everyone. My analysis done for my main timeframe m5. I start from higher timeframes D1, H1 and move down to lowest m5.
Futures contract for Brent crude , London exchange ICE 09-20
My trading is based on market phases by Wyckoff.
For timeframes m5:
Buy on the test of level 44.85, target 45.20
Sell 43.80, target 43.40, target2 43.10, target3 42.75
Trading on m5 timeframe.
- #63,483
- Jul 22, 2020 6:46am Jul 22, 2020 6:46am
- Joined Sep 2018 | Status: Trader | 11,191 Posts
{quote} Nasdaq futures rising this morning, DXY still looking week heading towards March low of 94.65 and EU at highest level since January 2019 all giving Cable a boost....
I still not so sure , sometime it move same but sometime different.
And I see that some trader say those stock index down will bring dxy up because they change cash by selling stock.
PA
Completed Return This Week:
1.0%
- #63,484
- Jul 22, 2020 6:54am Jul 22, 2020 6:54am
- Joined Jun 2019 | Status: Trader | 1,204 Posts
Like your wife says, hold the fucking position until I tell you I'm done.
- #63,485
- Jul 22, 2020 7:07am Jul 22, 2020 7:07am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Can you explain how Us stock index And dxy relationship for me? I still not so sure , sometime it move same but sometime different. And I see that some trader say those stock index down will bring dxy up because they change cash by selling stock.
US dollar is a 'risk off' currency so when there is concerns in the world affecting markets traders start buying dollars as well as Swiis Franc and Japanese Yen.
When the market mood is buoyed traders will buy riskier assets, then the markets are in a 'Risk on' mood
Sometimes traders are confused because an asset should go the way they want but the market mood will play it differently, another term is market sentiment.
Risk on day: riskier assets bought
Risk off day: flight to safety so US dollar, Swiss Franc and Japanese Yen Bought.
Hope that helps?? there's a lot more info about this on the web
Don't Leave Money on the Table
- #63,486
- Jul 22, 2020 7:08am Jul 22, 2020 7:08am
- Joined Sep 2018 | Status: Trader | 11,191 Posts
{quote} Because the US stock markets are far reaching they affect all markets world wide if stocks are rising in US can boost local economies. US dollar is a 'risk off' currency so when there is concerns in the world affecting markets traders start buying dollars as well as Swiis Franc and Japanese Yen. When the market mood is buoyed traders will buy riskier assets, then the markets are in a 'Risk on' mood Sometimes traders are confused because an asset should go the way they want but the market mood will play it differently, another term is market...
PA
Completed Return This Week:
1.0%
- #63,487
- Jul 22, 2020 7:10am Jul 22, 2020 7:10am
- Joined Mar 2018 | Status: Trader | 1,529 Posts
Kaboom, Gold
- #63,488
- Jul 22, 2020 7:11am Jul 22, 2020 7:11am
{quote} close this uJ.. {image}
can I ask what made you to go long, I was trading the pair too but I went short and was stopped out 
.I've had a bad week so far, and I'm only trading Uj and gold
- #63,489
- Jul 22, 2020 7:14am Jul 22, 2020 7:14am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #63,490
- Jul 22, 2020 7:22am Jul 22, 2020 7:22am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} Please
from 2255 i stay at bull side for gu
setup is from monthly..
daily n weekly also still bullish bias mate..
earlier after that sudden news m15 forming bull setup then follow by m30..
just for a cup of coffee...
- #63,492
- Jul 22, 2020 7:25am Jul 22, 2020 7:25am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} where is your target for GU ?
then nezt yesterday high
️
just for a cup of coffee...
- #63,493
- Jul 22, 2020 7:25am Jul 22, 2020 7:25am
- Joined Sep 2018 | Status: Trader | 11,191 Posts
PA
Completed Return This Week:
1.0%
- #63,494
- Jul 22, 2020 7:26am Jul 22, 2020 7:26am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} some our friends here know why mate.. from 2255 i stay at bull side for gu setup is from monthly.. daily n weekly also still bullish bias mate.. earlier after that sudden news m15 forming bull setup then follow by m30..
look careful at weekly there..
it still a bull setup there..
so if break 2810 so to the mooooon..
i might be wrong..
just for a cup of coffee...
- #63,495
- Jul 22, 2020 7:33am Jul 22, 2020 7:33am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Adr seem reach but maybe bonus and more due to dxy weak
On the EU daily we have a cup and handle pattern that's been violated showing a breakout bull run. I'd post a chart but can't atm don't know why...
Don't Leave Money on the Table
- #63,496
- Jul 22, 2020 7:34am Jul 22, 2020 7:34am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
im thinking of long.. for very very big target 170 pips. just waiting to this hour to complete, could change all picture..
not same at other place..
just for a cup of coffee...
- #63,497
- Jul 22, 2020 7:45am Jul 22, 2020 7:45am
- Joined Nov 2016 | Status: Trader | 2,361 Posts
GD akim n all...
cash n collect fast scalp GJ on the range ...
cash n collect fast scalp GJ on the range ...
- #63,499
- Jul 22, 2020 7:52am Jul 22, 2020 7:52am
- Joined Jun 2019 | Status: Trader | 1,204 Posts
Like your wife says, hold the fucking position until I tell you I'm done.