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  • #13,821
  • Nov 16, 2022 6:54am Nov 16, 2022 6:54am
Quoting Pat Chiko
{quote} I'm waiting for the Tango to dance........{image}
GU

Gimme one spike to LQ

Attached Image (click to enlarge)
Click to Enlarge Name: gu 074.jpg Size: 131 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #13,822
  • Nov 16, 2022 6:55am Nov 16, 2022 6:55am
Quoting Pat Chiko
{quote} Yes, it was a Ukrainian missile that struck Poland aimed to drag NATO into the conflict and it miserably failed...{image}
Pat, that means NATO can bomb/invade Ukraine and get rid of Zelensky since it attacked a NATO member country.
Lost....
  • #13,823
  • Nov 16, 2022 3:45pm Nov 16, 2022 3:45pm
Quoting Pat Chiko
{quote} GU Gimme one spike to LQ {image}
GU

Good only for scalping day
Ranging within the H4 engulfing candle.

Few closed position -some losses and some win.
Couples of Open position carried forward.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 075.jpg Size: 111 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #13,824
  • Nov 16, 2022 4:13pm Nov 16, 2022 4:13pm
GBPNZD
Bears may have a field day in Asia SESSH if this is activated.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 12 KB
  • #13,825
  • Nov 16, 2022 6:08pm Nov 16, 2022 6:08pm
Autumn Statement 17 November 2022

Chancellor Jeremy Hunt will deliver the 2022 Autumn Statement alongside an economic forecast from the OBR.
Measures expected to be announced in the upcoming Autumn Statement, including a 30% hike in Corporation Tax, are forecast to make things rather worse next year.
Attached Image (click to enlarge)
Click to Enlarge Name: autumn.jpg Size: 72 KB


Pound Sterling will take direction this week from Thursday's Autumn Statement
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #13,826
  • Nov 16, 2022 6:56pm Nov 16, 2022 6:56pm
Quoting Pat Chiko
Autumn Statement 17 November 2022 Chancellor Jeremy Hunt will deliver the 2022 Autumn Statement alongside an economic forecast from the OBR. Measures expected to be announced in the upcoming Autumn Statement, including a 30% hike in Corporation Tax, are forecast to make things rather worse next year.{image} Pound Sterling will take direction this week from Thursday's Autumn Statement
Morning bro Pat..
Will this statement will push for new high today?

I think with budget cut and high tax will restore market confidence in UK economy.

Thanks in advance..
Peace Yo!
  • #13,827
  • Nov 16, 2022 8:16pm Nov 16, 2022 8:16pm
Quoting mrluckystar
{quote} Morning bro Pat.. Will this statement will push for new high today? I think with budget cut and high tax will restore market confidence in UK economy. Thanks in advance..
It will gain market confidence in this govt, may be yes.
But the high tax for individual income and corporation, aint that bearish since demand for consumer products and investments will fall in the future? Hence, gets more difficult to bail out from recession.

But i think we might get the spike up first, since from technical view both yesterdays' bad bews for GU hold at the support around 1.183
More time in the market, does not mean you trade better!
  • #13,828
  • Nov 17, 2022 1:07am Nov 17, 2022 1:07am
Quoting Fardeen1209
{quote} It will gain market confidence in this govt, may be yes. But the high tax for individual income and corporation, aint that bearish since demand for consumer products and investments will fall in the future? Hence, gets more difficult to bail out from recession. But i think we might get the spike up first, since from technical view both yesterdays' bad bews for GU hold at the support around 1.183

it might be stalemate… everyone is worse off. More taxes is bad spending cuts is good. Not sure how the markets will react.
Insane in the Brain..
  • #13,829
  • Nov 17, 2022 1:15am Nov 17, 2022 1:15am
Quoting BeeTogether
{quote} it might be stalemate… everyone is worse off. More taxes is bad spending cuts is good. Not sure how the markets will react.
Spending cut is good from a high CPI perspective but since Uk is facing a tradeoff between High inflation and a negative growth rate, that spending cut can be disastrous. Anyway, how the market reacts to the news is more important than the news.
we will see!
More time in the market, does not mean you trade better!
  • #13,830
  • Nov 17, 2022 1:22am Nov 17, 2022 1:22am
Quoting Fardeen1209
{quote} Spending cut is good from a high CPI perspective but since Uk is facing a tradeoff between High inflation and a negative growth rate, that spending cut can be disastrous. Anyway, how the market reacts to the news is more important than the news. we will see!
Cutting spending to try to fix CPI when the CPI problem is caused by factors beyond short term control (energy costs?) doesn't make sense unless they redeploy the funding to actually do something about energy costs. Not just pay them but do something to produce less expensive long term energy.


The bottom line will be how the market reacts!
  • #13,831
  • Edited 3:15am Nov 17, 2022 1:30am | Edited 3:15am
Quoting dantpm
{quote} Cutting spending to try to fix CPI when the CPI problem is caused by factors beyond short term control (energy costs?) doesn't make sense unless they redeploy the funding to actually do something about energy costs. Not just pay them but do something to produce less expensive long term energy. The bottom line will be how the market reacts!
Thats what I asked myself 6 months ago why the CB wants to use demand tools to fight a problem caused by the supply side.
I think they just try to reduce the demand to balance the limited supply and concurrently hoping for the supply shortage to cool off, so prices don't inflated too much

My Rookie fundamentals thought. Could be wrong
More time in the market, does not mean you trade better!
  • #13,832
  • Nov 17, 2022 1:31am Nov 17, 2022 1:31am
Quoting Pat Chiko
{quote} GU Gimme one spike to LQ {image}
Bro Pat.. still on course on this setup?

I see scary setup by MM...
They already eat during Asia session...
Now they are setup during Europe session...

Look like they going to wipe out yesterday position too (ranging yesterday)...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-11-17-15-28-20-47_ec86210ae64c1353281e0fdcffa574b8.jpg Size: 558 KB
Peace Yo!
  • #13,833
  • Nov 17, 2022 1:58am Nov 17, 2022 1:58am
Did you catch fxempire calling for GU $1.21 as a result of autumn financial statement?
  • #13,834
  • Nov 17, 2022 2:53am Nov 17, 2022 2:53am
Quoting Pat Chiko
{quote} GU Gimme one spike to LQ {image}
You really hv real “ thing “ in market
PA Return Today: 0.3%
  • #13,835
  • Nov 17, 2022 3:04am Nov 17, 2022 3:04am
Quoting mrluckystar
{quote} Bro Pat.. still on course on this setup? I see scary setup by MM... They already eat during Asia session... Now they are setup during Europe session... Look like they going to wipe out yesterday position too (ranging yesterday)... {image}
you kind of spot on with the area it started to fall!
Insane in the Brain..
  • #13,836
  • Nov 17, 2022 3:14am Nov 17, 2022 3:14am
Quoting BeeTogether
{quote} you kind of spot on with the area it started to fall!

Too many people piled into it thinking it was going long!
  • #13,837
  • Nov 17, 2022 3:21am Nov 17, 2022 3:21am
I try to figure liquidity and OB.
but i seem like 50/50 about it.
anyone can gv some advice about it ?
specially mr Pat chiko, if you can gv some tips hw u define it and what rules you apply with it for you own perspective.
PA Return Today: 0.3%
  • #13,838
  • Nov 17, 2022 3:33am Nov 17, 2022 3:33am
Quoting BeeTogether
{quote} you kind of spot on with the area it started to fall!
Zoom in m5 u will get the level (retest area)
2 line for entry and SL
Body for entry, tail for SL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-11-17-17-33-16-16_ec86210ae64c1353281e0fdcffa574b8.jpg Size: 308 KB
Peace Yo!
  • #13,839
  • Nov 17, 2022 3:36am Nov 17, 2022 3:36am
chiko got it right on the spot
PA Return Today: 0.3%
  • #13,840
  • Edited 4:07am Nov 17, 2022 3:48am | Edited 4:07am
Quoting LeongPuiy
chiko got it right on the spot
He come from future...

Thank you masta Pat Chiko for sharing n teach us..
Peace Yo!
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