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  • #182,801
  • Oct 31, 2023 9:33am Oct 31, 2023 9:33am
Quoting JBRolim
Waiting for the H1 candle to close to make a decision, I'm looking at 1.0586/84 if it closes above 1.05099, it could be a buying opportunity.
I bought it for 1.0600, BullGang troops are in the area...
"No pain no gain"
  • #182,802
  • Oct 31, 2023 9:39am Oct 31, 2023 9:39am
Quoting pedro319
{quote} That is the reaction I usually get!
This is how it feels today...

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  • #182,803
  • Oct 31, 2023 9:45am Oct 31, 2023 9:45am
Quoting fx6996
{quote} This is how it feels today... {image}
You know what Archimedes said, a little lever...
We watch the charts from every angle so you don't have to!!
  • #182,804
  • Oct 31, 2023 9:46am Oct 31, 2023 9:46am
Pretty sure we could be looking at an ICT MMBM here, which would take us to the Buy-Side Liquidity at 1.06747 if so.
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  • #182,805
  • Oct 31, 2023 9:48am Oct 31, 2023 9:48am
Don't get tricked when FF says US CB Consumer Confidence came out green... Nope! Consumer confidence actually declined! It is definitely red!

Always be awake with how they present data!
Focus only on what truly matters!
  • #182,806
  • Oct 31, 2023 9:50am Oct 31, 2023 9:50am
Quoting pedro319
{quote} You know what Archimedes said, a little lever...
Fortunately for Archimedes he didn't have to deal with a war in the Middle East or my BIGGEST concern now is wage growth in the US.

Everyone on the planet knows that the FED will stand pat tomorrow but thanks to the new data rate hikes in December (won't happen) will resurface keeping a lid on EU.
  • #182,807
  • Oct 31, 2023 9:54am Oct 31, 2023 9:54am
I'm keeping an eye on the price amid 3 crossroads, let's see what this H1 candle will tell us, get ready!
"No pain no gain"
  • #182,808
  • Oct 31, 2023 9:54am Oct 31, 2023 9:54am
Attached Image (click to enlarge)
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Don’t focus on making $$$, focus on protecting what you have.
  • #182,809
  • Oct 31, 2023 10:01am Oct 31, 2023 10:01am
Quoting fx6996
{quote} Fortunately for Archimedes he didn't have to deal with a war in the Middle East or my BIGGEST concern now is wage growth in the US. Everyone on the planet knows that the FED will stand pat tomorrow but thanks to the new data rate hikes in December (won't happen) will resurface keeping a lid on EU.
Lucky him.
I bet the Fed does not like the levels of the 10 yr either despite high interest rates, that is quite a worry.
We watch the charts from every angle so you don't have to!!
  • #182,810
  • Oct 31, 2023 10:08am Oct 31, 2023 10:08am
Trying Buy 1.05858
  • #182,811
  • Oct 31, 2023 10:10am Oct 31, 2023 10:10am
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  • #182,812
  • Oct 31, 2023 10:11am Oct 31, 2023 10:11am
Quoting Js3mwtRc
Well done you bears out there, timing in Forex is the king, but volatility is the queen. I see it heading lower near 1.0590, protecting now!
I am done for today!
Looking for profitable short term trades ...|
  • #182,813
  • Oct 31, 2023 10:13am Oct 31, 2023 10:13am
Quoting profits7
{image}
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Don’t focus on making $$$, focus on protecting what you have.
  • #182,814
  • Oct 31, 2023 10:14am Oct 31, 2023 10:14am
Quoting pedro319
{quote} Lucky him. I bet the Fed does not like the levels of the 10 yr either despite high interest rates, that is quite a worry.
What people don't realize is this - the fate of the 10 year treasury is out of control for the FED - at the moment.

The USA has to issue lots of bonds to raise the money to give to the war efforts. Who buys the US bonds?

"China and Japan are by far the largest buyers of US Treasuries. According to Statista, using data compiled by the US Federal Reserve and the Treasury Department, as of September 2021, foreign countries held $7.55 trillion in US Treasury securities. Of this total, Japan owned $1.3 trillion and China owned $1.05 trillion. After the United Kingdom’s $566.5 billion, it should come as no surprise that the next four countries on Statista’s list are tax havens. In descending order, we have Luxembourg, Ireland, Switzerland and the Cayman Islands."
https://goldseek.com/article/foreign....05%20trillion.

So if China decides to not purchase any more bonds what happens? The rate has to increase in order to entice others to buy the US debt.

China has decided to play hardball and cut off the US's bond purchases causing rates to spike. Here's the main problem with that: US regional banks are holding lots of bonds and as the rates rise the value of the bond falls and hurts the banks balance sheets - that is what caused the run on Silicon Valley Bank in March 2023.

I am actually fearful that technicals are giving way to "black swan" events in the Middle East and if we continue down this path it gets ugly....

The answer is this: QE - have the FED buy the US bonds instead of selling them.
  • #182,815
  • Oct 31, 2023 10:15am Oct 31, 2023 10:15am
Quoting Erkat
I see a 100 pip drop from today's price peak on the schedule Usually Halloween night will be the most volatile in the New York session for the market⁦⁩
Dedicated to all my dear friends in this thread⁦⁩
It has dropped 90 pips so far
After completing 100 pips, I look for bullish signs⁦⁩
Half of the time, the market is building resistance and support levels, and
  • #182,816
  • Oct 31, 2023 10:18am Oct 31, 2023 10:18am
Quoting Erkat
{quote} Dedicated to all my dear friends in this thread⁦⁩ It has dropped 90 pips so far After completing 100 pips, I look for bullish signs⁦⁩
Congrats on the call - I hope you had sells on to get your Halloween treat.

This is all I got in my Halloween basket today:
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I got tricked...
  • #182,817
  • Oct 31, 2023 10:24am Oct 31, 2023 10:24am
Quoting Erkat
{quote} Dedicated to all my dear friends in this thread⁦⁩ It has dropped 90 pips so far After completing 100 pips, I look for bullish signs⁦⁩
I should tell you that I always appreciate your calls. They are frighteningly good. Cheers. Happy I banked my buys when I did. These are signs of a pair that wants to change direction. It's usually chaotic to shake out weak hands. Up is still the way for me.
  • #182,818
  • Oct 31, 2023 10:27am Oct 31, 2023 10:27am
The bear took my Sl. 10 pips, I will wait for the H4 candle to close for a new decision.
"No pain no gain"
  • #182,819
  • Oct 31, 2023 10:27am Oct 31, 2023 10:27am
Quoting Erkat
{quote} Dedicated to all my dear friends in this thread⁦⁩ It has dropped 90 pips so far After completing 100 pips, I look for bullish signs⁦⁩
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__________ MEHDI azizam
Don’t focus on making $$$, focus on protecting what you have.
  • #182,820
  • Oct 31, 2023 10:28am Oct 31, 2023 10:28am
Quoting fx6996
{quote} Congrats on the call - I hope you had sells on to get your Halloween treat. This is all I got in my Halloween basket today: {image} I got tricked...
If you are the kid and didn't get a treat it is supposed to be YOU who should do the trick..
Focus only on what truly matters!
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