On-site guru & also FF member's' psychiatrist, when not drinking tea
Cable Update (GBPUSD)
- #585,181
- Edited 6:53am Mar 20, 2021 5:03am | Edited 6:53am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #585,182
- Mar 20, 2021 5:17am Mar 20, 2021 5:17am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #585,183
- Edited 11:20am Mar 20, 2021 7:07am | Edited 11:20am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Simple math is if interest rate double above last year average, then so will the amount of interest cost.
The fact is, the US budget has to go down or tax revenue up by a lot.
The FED cannot afford to not step in more at some point with regard to treasuries.But they already said they will let inflation go over 2% ,I highly doubt they can let it run at over 3% on the 10 year.
The fact is, the US budget has to go down or tax revenue up by a lot.
The FED cannot afford to not step in more at some point with regard to treasuries.But they already said they will let inflation go over 2% ,I highly doubt they can let it run at over 3% on the 10 year.
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #585,186
- Mar 20, 2021 8:10am Mar 20, 2021 8:10am
{quote} Hi, Since you asked for advice, let me tell you something... on my early days, i had the similar problem. it's more common then we think or talk about. The biggest emphasis is given to "entry", everyone is looking for the best place to enter, with minimum to zero drawdown possible, and when a great entry is made, we can brag...."look at this! i'm in from this point!!!", usually if trade is green.then what? Some will take profit to early, others let it run until it reverses back and a trade that was 50/60 pips positive becomes a...
By the way this were i would taken my TP if was on this trade yesterday
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
- #585,187
- Mar 20, 2021 8:38am Mar 20, 2021 8:38am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
{quote} "... a simple 1/3 ADR grid works like charm. Please if you wouldn't mind, explain this clause more! I mean what do you mean by 1/3 ADR grid? Thank you for great works.
You are as lazy as me.
1/3 of adr means 20 days adr divided by 3.
Example 111 (20 days adr) divide by 3 is 37, so you set the grid with 370 points.
As plotted in latest chart posted.
Everyday early recalculated, it varies a litle only.
Stay cool.
If you don't know how to earn money, don't loose it.
- #585,189
- Mar 20, 2021 8:50am Mar 20, 2021 8:50am
- Joined Apr 2013 | Status: Trader | 1,926 Posts
{quote} Well said and said it all. It took me over 10 years to figure that out, at a point it was like an illusion but thank God i did, BETTER LATE THAN NEVER. By the way this were i would taken my TP if was on this trade yesterday {image}
I was not in a trade till late of yesterday, did I enter long near that point.
Also as Headland pointed in one of his point, too many things were confluencing there. If you were short it would be good to close and or reverse to long. Price had already made more than adr, and without news or major fundamentals the odds or doing extra dip was reduced.
Also to note, when a 1/3 line of adr matches (is quite closer, around 6 to 10pips) to a fib, a s/r line, ob/os, divergence or so, that 1/3 adr, it gains more relevance and hod of reaction.
Best example? Look to 1.39490 on chart, set over 50fib...
Stay cool.
If you don't know how to earn money, don't loose it.
- #585,190
- Edited Mar 21, 2021 6:24am Mar 20, 2021 11:31am | Edited Mar 21, 2021 6:24am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
so ,on stimulus
next Q is bearish ,the $ is bullish
1 month ,5 week {closed} = the last weekly is a trustworthy warning
The impact of stimulus chart really highlights the scale of what Biden's done at a glance. No further fundamental research required... 
next Q is bearish ,the $ is bullish
1 month ,5 week {closed} = the last weekly is a trustworthy warning
The impact of stimulus chart really highlights the scale of what Biden's done at a glance. No further fundamental research required...
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #585,191
- Mar 20, 2021 1:12pm Mar 20, 2021 1:12pm
- Joined Oct 2020 | Status: Trader | 14,017 Posts
Insane in the Brain..
- #585,192
- Mar 20, 2021 1:46pm Mar 20, 2021 1:46pm
- Joined Oct 2020 | Status: Trader | 1,707 Posts
{quote} Wouldn’t that mean it’s bearish week ahead?
- #585,193
- Mar 20, 2021 4:29pm Mar 20, 2021 4:29pm
Agree, non-commercials are gradually offloading GU longs:
On the other hand, GU bearishness can be witnessed how the GU has been ploughing at 200SMA band in 4H TF. But as I have said before, for daytraders this broad background knowledge of COT and USDX developments is like looking at weather forecast for today+7 days, while trying to figure out what to wear for next 3 hours
On the other hand, GU bearishness can be witnessed how the GU has been ploughing at 200SMA band in 4H TF. But as I have said before, for daytraders this broad background knowledge of COT and USDX developments is like looking at weather forecast for today+7 days, while trying to figure out what to wear for next 3 hours
Positions LONG on MAXIMUM and SHORT on MINIMUM {image}
- #585,194
- Mar 20, 2021 4:34pm Mar 20, 2021 4:34pm
- Joined May 2014 | Status: From1toMillion | 9,471 Posts
Agree, non-commercials are gradually offloading GU longs: {image} On the other hand, GU bearishness can be witnessed how the GU has been ploughing at 200SMA band in 4H TF. But as I have said before, for daytraders this broad background knowledge of COT and USDX developments is like looking at weather forecast for today+7 days, while trying to figure out what to wear for next 3 hours
Everyone can see the chart, but only a few can actually read it.
- #585,195
- Mar 20, 2021 4:41pm Mar 20, 2021 4:41pm
- Joined Mar 2020 | Status: Trader | 3,499 Posts
Compulsions can be hard to resist
- #585,196
- Mar 20, 2021 8:50pm Mar 20, 2021 8:50pm
- Joined Jan 2010 | Status: .... | 3,910 Posts
GU looks bearish to me on 4h chart.
Perhaps to this level on daily.
Perhaps to this level on daily.
- #585,199
- Mar 21, 2021 2:48am Mar 21, 2021 2:48am
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
{quote} I love Sunday
.
Risk Management is of utmost importance!
1.37xx Area just below looks important to me. {image} {image} {image}
The white box is the New york session. The price is already working in that direction so it must follow upwards
of 1.39 to move down again.
I am a newbie kindly guide me if I am correct.
