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The Jail Break System

  • #15,721
  • Jan 18, 2022 9:49am Jan 18, 2022 9:49am
Quoting Houtbay
Parents are a gift or curse to their children as well.
Ha ha
Patience, let the trade come to you.
  • #15,722
  • Jan 18, 2022 9:50am Jan 18, 2022 9:50am
USD/CAD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-h4-fx-glory-group-a.png Size: 104 KB
Patience, let the trade come to you.
  • #15,723
  • Jan 18, 2022 9:51am Jan 18, 2022 9:51am
I don’t follow trader sentiment anymore just straight price action.
  • #15,724
  • Jan 18, 2022 10:02am Jan 18, 2022 10:02am
How’s inflation in USA?
  • #15,725
  • Jan 18, 2022 10:08am Jan 18, 2022 10:08am
Quoting Houtbay
I don’t follow trader sentiment anymore just straight price action.
I agree, they'll use it to trap traders.
Patience, let the trade come to you.
  • #15,726
  • Jan 18, 2022 10:09am Jan 18, 2022 10:09am
Quoting Houtbay
How’s inflation in USA?
Inflation is running at 30% here.
Patience, let the trade come to you.
  • #15,727
  • Jan 18, 2022 10:15am Jan 18, 2022 10:15am
In South Africa at least 12 percent. Every few weeks the price of food increases
  • #15,728
  • Jan 18, 2022 10:18am Jan 18, 2022 10:18am
By the law of 72 then goods double every 2.3 years, money spending devalues by the same margins. So the consumer is going to be strangled as well as the economic recovery post covid.
  • #15,729
  • Jan 18, 2022 10:22am Jan 18, 2022 10:22am
Oil prices will also strangle the recovery.
  • #15,730
  • Jan 18, 2022 10:24am Jan 18, 2022 10:24am
Quoting Houtbay
By the law of 72 then goods double every 2.3 years, money spending devalues by the same margins. So the consumer is going to be strangled as well as the economic recovery post covid.
It's only going to get worse.

Once we get past 14,200 on the Nasdaq it's going to free fall.
Patience, let the trade come to you.
  • #15,731
  • Jan 18, 2022 10:26am Jan 18, 2022 10:26am
The next major crises will be the destruction of the pension funds when the bond market and stock market stop performing favourably.
  • #15,732
  • Jan 18, 2022 10:58am Jan 18, 2022 10:58am
Quoting Houtbay
The next major crises will be the destruction of the pension funds when the bond market and stock market stop performing favourably.
When these markets do collapse I look for the government to raid the 401 k and pension funds.

Were over 30 Trillion in debt, that's bigger than our GDP.

Were in trouble now.
Patience, let the trade come to you.
  • #15,733
  • Jan 18, 2022 11:00am Jan 18, 2022 11:00am
EUR/USD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h4-fx-glory-group-a.png Size: 74 KB
Patience, let the trade come to you.
  • #15,734
  • Jan 18, 2022 11:01am Jan 18, 2022 11:01am
GBP/USD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-fx-glory-group-a-2.png Size: 71 KB
Patience, let the trade come to you.
  • #15,735
  • Jan 18, 2022 1:24pm Jan 18, 2022 1:24pm
Quoting PokerChip
GBP/USD 4 hour chart. {image}
GBP CPI tomorrow - I guess MM will use this "news" to push GBP down first
monthly pivot not touched yet

We will see

Mucky
  • #15,736
  • Jan 18, 2022 10:25pm Jan 18, 2022 10:25pm
Dead right about governments and pension funds
  • #15,737
  • Jan 19, 2022 5:28am Jan 19, 2022 5:28am
AUD/JPY 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy-h4-fx-glory-group-a.png Size: 71 KB
Patience, let the trade come to you.
  • #15,738
  • Jan 19, 2022 5:31am Jan 19, 2022 5:31am
GBP/NZD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd-h4-fx-glory-group-a.png Size: 69 KB
Patience, let the trade come to you.
  • #15,739
  • Jan 19, 2022 10:36am Jan 19, 2022 10:36am
EUR/AUD 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-h4-fx-glory-group-a.png Size: 74 KB
Patience, let the trade come to you.
  • #15,740
  • Jan 19, 2022 10:38am Jan 19, 2022 10:38am
EUR/JPY 4 hour chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-h4-fx-glory-group-a.png Size: 75 KB
Patience, let the trade come to you.
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