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  • #2,141
  • Oct 29, 2023 9:39pm Oct 29, 2023 9:39pm
News setup for today, weak Euro, let's see
But h4 macd does not agree for now, so we avoid
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  • #2,142
  • Oct 29, 2023 11:11pm Oct 29, 2023 11:11pm
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  • #2,143
  • Oct 30, 2023 12:08am Oct 30, 2023 12:08am
If we compare the GDP growth rate of the USA and the EU, the latter is much weaker. At this moment we can say that the EU is approaching an economic recession.
Economic recession - conditions:
-decline in economic activity for 2 consecutive quarters
-shapes: V, U, W
-decrease: real gross domestic product, income, employment rate, output and percentage of retail sales.
-investments decrease
-companies have higher debts
- supply, demand and consumption decrease
-increasing prices
- SP500 and RUSSEL 2000 decrease (small capitalization shares)
-CB consumer confidence <80
- a downward trend is observed on 6 M regarding the purchase of cars and household appliances.
  • #2,144
  • Oct 30, 2023 2:37am Oct 30, 2023 2:37am
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  • #2,145
  • Oct 30, 2023 5:45am Oct 30, 2023 5:45am
Despite bad Euro data, price has respected h4 macd, showing USD weakness trend

No trade taken
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  • #2,146
  • Oct 30, 2023 6:08am Oct 30, 2023 6:08am
Quoting PatienceFx
Despite bad Euro data, price has respected h4 macd, showing USD weakness trend No trade taken {image} {image}
This is the USD weakness trend identified last week, I was speaking about.

No fed rate hike will weaken USD further
  • #2,147
  • Oct 30, 2023 6:11am Oct 30, 2023 6:11am
Quoting PatienceFx
{quote} This is the USD weakness trend identified last week, I was speaking about. No fed rate hike will weaken USD further
No trade on daily chart, we wait
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  • #2,148
  • Oct 30, 2023 6:23am Oct 30, 2023 6:23am
On 5 minute chart we had a tiny macd RSI bb setup, but it was too tiny

This is what i seek on h4 atleast

Just explaining
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  • #2,149
  • Oct 30, 2023 8:02am Oct 30, 2023 8:02am
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  • #2,150
  • Oct 30, 2023 8:20am Oct 30, 2023 8:20am
Ny session
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  • #2,151
  • Oct 30, 2023 9:33am Oct 30, 2023 9:33am
Bad USD data
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  • #2,152
  • Oct 30, 2023 9:34pm Oct 30, 2023 9:34pm
Yesterday I knew about USD weakness and the possible trade, but I was too busy solving health, so I did not trade.

I had marked the week open price, red line.

Bb RSI were in place

I will stay away from trading this week
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  • #2,153
  • Oct 30, 2023 9:42pm Oct 30, 2023 9:42pm
Chicago PMI today will be important, PMI above 50 is good for currency
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  • #2,154
  • Edited Oct 31, 2023 12:02am Oct 30, 2023 11:21pm | Edited Oct 31, 2023 12:02am
Quoting PatienceFx
(…) I will stay away from trading this week {image}
Agree.

The strong price trend is upwards. If upon the publication of a GDP of 4.9 of the USA, the price hardly managed to go down a little, now there will be just as big fluctuations, even if overall the USD data will be optimistic. The market anticipates the weakness of the usd. If the usd remains as strong (which I don't think), it affects many nations by depreciating their currency and affecting their imports, which leads to an increase in the cost of production and inflation.
  • #2,155
  • Oct 31, 2023 1:01am Oct 31, 2023 1:01am
Beautiful trades dropping here and there, very tempting
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  • #2,156
  • Oct 31, 2023 1:09am Oct 31, 2023 1:09am
Slurp slurp
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  • #2,157
  • Oct 31, 2023 8:25am Oct 31, 2023 8:25am
Someone please post weekly pivot chart on
Plenty of movement today
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  • #2,158
  • Oct 31, 2023 8:30am Oct 31, 2023 8:30am
Came out of ICU yesterday, in private room now.
Should reach home in 3 days

Without pc and my weekly pivot to guide I feel helpless

N ext week should be fun
  • #2,159
  • Oct 31, 2023 8:32am Oct 31, 2023 8:32am
The USD weakness was well identified
  • #2,160
  • Oct 31, 2023 8:36am Oct 31, 2023 8:36am
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