"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Cable Update (GBPUSD)
- #594,022
- May 10, 2021 8:43pm May 10, 2021 8:43pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #594,023
- May 10, 2021 9:30pm May 10, 2021 9:30pm
- 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 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 USD Here is the foundamental reasons that can justify the patterns I see Thanks for the link, very clear
If you are new to Forex? Say Goodbye to your account!!
- #594,024
- May 10, 2021 9:41pm May 10, 2021 9:41pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!
- #594,025
- May 10, 2021 10:07pm May 10, 2021 10:07pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
If you are new to Forex? Say Goodbye to your account!!
- #594,026
- May 10, 2021 10:16pm May 10, 2021 10:16pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #594,030
- May 11, 2021 12:41am May 11, 2021 12:41am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #594,031
- May 11, 2021 12:53am May 11, 2021 12:53am
- Joined Apr 2019 | Status: Trader | 5,796 Posts
Don't trade what you think. Just what you see!!!
- #594,032
- May 11, 2021 12:58am May 11, 2021 12:58am
- Joined Sep 2020 | Status: Trader | 8,702 Posts
If I don't mention SL and/or TP = longer-term setup possibly in the works!
- #594,033
- May 11, 2021 1:18am May 11, 2021 1:18am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #594,036
- May 11, 2021 1:32am May 11, 2021 1:32am
{quote} Hi Vincent I only ever looked at copper chart when someone brought it to this thread recently ,it was a very nice looking chart on the quarterly But I was following commodities generally already. I started trading around that time a complete newbie no experience whatsoeverI had run a small company for a decade before that and like everyone thought what's not to know .... I think why its going up isn't as important as the fact it is and it will feed through .I notice an oil pipeline down in the US now ,we had the canal blockage,...
I forgot the Draghi's "Whatever it takes". Now the situazione 2010/2011 it's a little clearer to me
Here: https://www.forexfactory.com/thread/...9#post13530479
And here: https://www.forexfactory.com/thread/...7#post13530487
TerpFan2 and KiwiTrada gave me good ideas on what happened....and what looks to happen again now
I can only agree with all the information you posted, infation seems to be unstoppable now if they no reacts. People who received money don't care about rising prices becouse they had it for free, and some news says that a lot of people is not searching for a job (the hardest and least paid jobs) becouse they have free money from Biden, and this explains the NFP data. The market can't handle all of this........
Gold flies with infaction, that's why I have a pattern with target 2400
Crude oli already set a selling signal the other day: https://www.energyexch.com/thread/po...7#post13526957
Yesterday Copper did a strong bearish candle, waiting for today confirmation. The same for the US stock markets.
All this should push USD up and GBPUSD down
What can they do? Rake rate as soon as possible? (they said no before 2023) Tapering?
And, if in FED there are some of the best economists who have had the best studies and experiences, why did they bring us to this dangerous point????
- #594,038
- May 11, 2021 1:36am May 11, 2021 1:36am
{quote} was wondering if you noticed the inverted daily hammer yesterday, could be falling knives or potential for decent pullback, been long time coming for bears :-) dont even want to calculate the bull train ride!!!! 10% 20% pull back will help my pension
If today they break the new low, it confirms the signal. In these cases, the min retr is around 33% and 38%, but time will tell.
There are inversion patterns everywhere, so something is going to happen, like we were talking about yesterday
Catch them if you can, I hope the best for your pension...and mine too
- #594,039
- Edited 2:00am May 11, 2021 1:41am | Edited 2:00am
- Joined Sep 2009 | Status: Trader | 6,009 Posts
{quote} Was thinking broadly the same thing man. 1.40 supply has been tested a lot and it is surely time to have a rummage up there for some buy stops. Then we can have a bear party. Maybe we head down to the new 4h demand created below the mid 1.39xx before up Or like you say, 1.40 just rejects again... but I favour the up to 1.41xx first, I think it is time. Short from 1.4150 is almost too perfect. This would create something of a weekly double top and is a strong weekly supply area from a while back. So dream scenario for Monday, some retrace...
Target 1.3x
- #594,040
- May 11, 2021 1:42am May 11, 2021 1:42am
- Joined Apr 2019 | Status: Trader | 5,796 Posts
Don't trade what you think. Just what you see!!!