{quote} Aside from England the CONservatives didn’t win in Scotland or Wales , And labour won in London Mayoral too not sure why GU taking that as good news! The Hartlepool news was out on Friday
Cable Update (GBPUSD)
- #593,742
- May 9, 2021 6:30pm May 9, 2021 6:30pm
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,480 Posts
{quote} Aside from England the CONservatives didn’t win in Scotland or Wales , And labour won in London Mayoral too not sure why GU taking that as good news! The Hartlepool news was out on Friday
No username yet? You are on my ignore list. Fuck off and do not quote me!
- #593,743
- May 9, 2021 6:55pm May 9, 2021 6:55pm
- | Additional Username | Joined Mar 2020 | 1,607 Posts
GU small scalping on last Friday Fast pips Breakout trade at Resistant level. {image}
GU
Approaching target.
Ready to close scalping position
- #593,745
- May 9, 2021 7:12pm May 9, 2021 7:12pm
- Joined Sep 2020 | Status: Trader | 8,702 Posts
Happy trading week to you all ! My first trade of the week, on momentum, buy stop 1.40308
Doing a partial all-nighter
just because of Friday and the chances this could pursue with the right momentum and/or volatility.Doing a humpback :
First trade of the week was a momentum based trade, trailing stop from 4003
Now I have a volatility based one : buy stop 1.4043, trailing stop from 4018
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #593,746
- May 9, 2021 7:26pm May 9, 2021 7:26pm
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #593,747
- May 9, 2021 8:01pm May 9, 2021 8:01pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #593,748
- May 9, 2021 8:12pm May 9, 2021 8:12pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
- #593,749
- May 9, 2021 8:29pm May 9, 2021 8:29pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #593,750
- May 9, 2021 8:30pm May 9, 2021 8:30pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!
- #593,751
- May 9, 2021 9:19pm May 9, 2021 9:19pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!
- #593,752
- May 9, 2021 9:25pm May 9, 2021 9:25pm
so , This is the market actual expectation V the biased Fed chat.... TECHNICALLY You're not get the cost of copper back to its original average value of the last 10Y easy ,You have to doubt what you're being told. {image} {image} {image}
I see that you are on FF since 2007, and maybe you started to trade also before...for sure you have more experience than me
Do you remember if there has been a fundamental reasons which caused the top on Copper (not only) in 2011?
Some event or some economic change which stopped the uptrend?
I tried to search, but I didn't find any important one. The public debt crisis in Europe started in 2010, so not sure about correlation...
I was wondering if it can happen again now
- #593,753
- May 9, 2021 9:37pm May 9, 2021 9:37pm
- | Joined Aug 2006 | Status: Terrapin Pipper | 1,186 Posts
Vincent...
Bones may answer better than me, and i thought i'd "chime-in".
I can tell you from my perspective with a company cleaning stuff & getting
rid of copper, we found it was C H I N A.
They had dumped their Market, and (there's more to it than that); but
basically had dumped their Copper and the Price went way-low, back at the time.
-As to "Specifics" i think Bones or some one else would word it more correctly for you.
Cheers
Bones may answer better than me, and i thought i'd "chime-in".
I can tell you from my perspective with a company cleaning stuff & getting
rid of copper, we found it was C H I N A.
They had dumped their Market, and (there's more to it than that); but
basically had dumped their Copper and the Price went way-low, back at the time.
-As to "Specifics" i think Bones or some one else would word it more correctly for you.
Cheers
I will work to Objectively Identify my Edges
- #593,754
- May 9, 2021 9:50pm May 9, 2021 9:50pm
Vincent... Bones may answer better than me, and i thought i'd "chime-in". I can tell you from my perspective with a company cleaning stuff & getting rid of copper, we found it was C H I N A. They had dumped their Market, and (there's more to it than that); but basically had dumped their Copper and the Price went way-low, back at the time. -As to "Specifics" i think Bones or some one else would word it more correctly for you. Cheers
So it caused the 2011 top also in AUD becouse they export commodities
It make me wonder if we have to expect some kind of economic war between US and China to cause a sell off on commodities market...there was the news regarding the relationship between Australia and China the other day....and NotAtrader had a good point of view about it here: https://www.forexfactory.com/thread/...3#post13529693
This could explain the bearish technical patterns that I see
- #593,755
- May 9, 2021 9:55pm May 9, 2021 9:55pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Hey Bones, I see that you are on FF since 2007, and maybe you started to trade also before...for sure you have more experience than me
Copper prices are getting killed. - Sep. 22, 2011 (cnn.com)
If you are new to Forex? Say Goodbye to your account!!
- #593,756
- May 9, 2021 10:09pm May 9, 2021 10:09pm
{quote} you touched on euro crisis 2010 /2011, it was one of many indications of developing situation re metals, productivity / intrinsic values, global growth slowing, investor panic, china cooling the list goes on, all are relevant to todays situation, once cross reference those indicators with today, all is clear, Copper prices are getting killed. - Sep. 22, 2011 (cnn.com)
So now we have another possible debt crisis, the US pubblic one and some EU + a slow recovery from Covid crisis + tension with China...
Looks like a dèjà vu (or an error in Matrix
)...that can cause sells on Commodity and Stock markets, and buy on USDHere is the foundamental reasons that can justify the patterns I see
Thanks for the link, very clear
- #593,757
- May 9, 2021 10:12pm May 9, 2021 10:12pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Thanks Kiwi So now we have another possible debt crisis, the US pubblic one and some EU + a slow recovery for manufacturing + tension with China... Looks like a dèjà vu (or an error in Matrix
If you are new to Forex? Say Goodbye to your account!!
- #593,759
- May 9, 2021 11:35pm May 9, 2021 11:35pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
