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New Cable Thread & Other Pairs

  • #3,261
  • Edited 1:27pm Apr 28, 2024 1:12pm | Edited 1:27pm
Quoting dilidanjaro
{quote} Tbh i don't understand why everyone is shorting usdjpy.. it's the same with gold.. go with the trend..
Speaking of gold, I normally don't trade metals, but I might start. Attached is the google sat view of the Fort Knox Kinross Gold Mine in Fox Alaska. I have pics from the air I took last time I flew in, but the images are too big. If you fly into Fairbanks and approach from the NE, it's a MASSIVE hole in the ground. Secondly, Fort Knox Kinross opened a second mine this year about 3-4 hours away in Tok. They are trucking in tandem trailer rigs from Tok to Fox to smelt in addition to the Fox mine. Total weight of the rig, including ore 82 tons. Likely around 55-60 tons of actual ore per truckload. The trucks are running every 2 to 5 minutes 24/7 nonstop, you cant drive the highway without seeing multiples of them. That's how high the demand is. Btw, State of Alaska didn't care about local concerns of the road being tore up, etc. Many Billions involved.

(Currently living in the region until my day job contract is done in 2026)

https://www.newsminer.com/news/local...6883bfced.html

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  • #3,262
  • Apr 28, 2024 1:40pm Apr 28, 2024 1:40pm
Quoting I.Scorpion
{quote} Speaking of gold, I normally don't trade metals, but I might start. Attached is the google sat view of the Fort Knox Kinross Gold Mine in Fox Alaska. I have pics from the air I took last time I flew in, but the images are too big. If you fly into Fairbanks and approach from the NE, it's a MASSIVE hole in the ground. Secondly, Fort Knox Kinross opened a second mine this year about 3-4 hours away in Tok. They are trucking in tandem trailer rigs from Tok to Fox to smelt in addition to the Fox mine. Total weight of the rig, including ore 82...
Alaska, you seem to be a night trader, since I see you at London open)
Bitcoin goes down in mining, gold mined more now, interesting,
I heard that gold is created when there is a super nova in the universe, so there will never be a shortage of gold)
'In the clearing stands a boxer And a fighter by his trade..'
  • #3,263
  • Apr 28, 2024 1:54pm Apr 28, 2024 1:54pm
Quoting GOR
{quote} Alaska, you seem to be a night trader, since I see you at London open) Bitcoin goes down in mining, gold mined more now, interesting, I heard that gold is created when there is a super nova in the universe, so there will never be a shortage of gold)
Yes, London open is 11PM for me. Toyko is 4pm in the afternoon. My other option is to wake up early and trade the NY/London overlap. It depends on my work schedule and what the market looks like at the time.

Years past, I hated the Asian market hours when I first started trading, had my rear handed to me a few times(Not that Im highly successful, just now making the transition to keeping my head above water and profit). There is more room to operate now with the growth in Asia as a whole, especially once Hong Kong/Shanghai open if they want to move the market some. Its still mostly currency movement driven(Asian companies returning profits). You still have to be quite selective and not trade at times at all.
  • #3,264
  • Apr 28, 2024 2:10pm Apr 28, 2024 2:10pm
Quoting I.Scorpion
{quote} Yes, London open is 11PM for me. Toyko is 4pm in the afternoon. My other option is to wake up early and trade the NY/London overlap. It depends on my work schedule and what the market looks like at the time. Years past, I hated the Asian market hours when I first started trading, had my rear handed to me a few times(Not that Im highly successful, just now making the transition to keeping my head above water and profit). There is more room to operate now with the growth in Asia as a whole, especially once Hong Kong/Shanghai open if they want...
I guess each trader should choose the market that suits his style, and especially when it is more profitable, personally I trade in New York only if I don't find a good setup in London,
Hope we have a good week, regarding trading - it really depends on us and our decisions) the rest is less..
'In the clearing stands a boxer And a fighter by his trade..'
  • #3,265
  • Apr 28, 2024 2:55pm Apr 28, 2024 2:55pm
Quoting GOR
{quote} I guess each trader should choose the market that suits his style, and especially when it is more profitable, personally I trade in New York only if I don't find a good setup in London, Hope we have a good week, regarding trading - it really depends on us and our decisions) the rest is less..
Exactly. I used to live on the west coast, so the Asian was accessible in the even then too. Definitely had to learn to temper expectations of grandeur.

It's end of month week, ready bank pips! We'll have a good week.
  • #3,266
  • Apr 28, 2024 3:06pm Apr 28, 2024 3:06pm
Yen is stronger on IG markets open.
It's a big game.
  • #3,267
  • Apr 28, 2024 4:03pm Apr 28, 2024 4:03pm
Let's goooo time for some good trades
  • #3,268
  • Apr 28, 2024 4:17pm Apr 28, 2024 4:17pm
1.2447 looks to be support maybe bounce at 1.2447
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ex nihilo
  • #3,269
  • Apr 28, 2024 8:39pm Apr 28, 2024 8:39pm
My France trip just moved forward. Leaving in 5hrs time. Dont know when i will get back but probably not before end of June maybe July ish..

Hope you all make loadsa pips, try an get me some
  • #3,270
  • Apr 28, 2024 8:44pm Apr 28, 2024 8:44pm
Quoting T721
My France trip just moved forward. Leaving in 5hrs time. Dont know when i will get back but probably not before end of June maybe July ish.. Hope you all make loadsa pips, try an get me some
I am assuming not taking the 5 macs with u lol. Have fun Mr. T will miss your wisdom.
  • #3,271
  • Edited 9:51pm Apr 28, 2024 8:55pm | Edited 9:51pm
Quoting T721
My France trip just moved forward. Leaving in 5hrs time. Dont know when i will get back but probably not before end of June maybe July ish.. Hope you all make loadsa pips, try an get me some
Enjoy the Mediterranean! Love that area.

Would love to return to.So Spain, France, Genoa, etc. Watch the weather if your on the water, Mistral season is still active.
  • #3,272
  • Apr 28, 2024 11:29pm Apr 28, 2024 11:29pm
The AUDUSD touched the 200sma on the daily. May be time to head south, once the yen volatility settles. Well played by the bankers, devaluing the dollar as money is likely moving out of the US Stock market this week.
  • #3,273
  • Apr 28, 2024 11:42pm Apr 28, 2024 11:42pm
intervention of BOJ is giving another good sell opportunity
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trading is like dancing, don't think and just listen to the music!
  • #3,274
  • Apr 28, 2024 11:48pm Apr 28, 2024 11:48pm
Quoting birdland
intervention of BOJ is giving another good sell opportunity {image}
Definitely looking for sells. BOJ is on holiday, the market move wasnt nearly as big as intervention in the past. I dont think they are doing that yet.
  • #3,275
  • Apr 29, 2024 12:01am Apr 29, 2024 12:01am
Quoting I.Scorpion
{quote} Definitely looking for sells. BOJ is on holiday, the market move wasnt nearly as big as intervention in the past. I dont think they are doing that yet.
i am speaking of this movement on yen, this is a clear intervention and it effects all USD pairs a bit:
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trading is like dancing, don't think and just listen to the music!
  • #3,276
  • Apr 29, 2024 12:18am Apr 29, 2024 12:18am
Quoting birdland
{quote} i am speaking of this movement on yen, this is a clear intervention and it effects all USD pairs a bit: {image}
The near perfect liquidity dip is just to perfect to me. You may be right, its just how I'm looking at it.
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  • #3,277
  • Apr 29, 2024 12:36am Apr 29, 2024 12:36am
EURJPY
D1 AB-CD 1.618

Pullback in progress, usually at least 38.2 same tf, full swing.
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We watch the charts from every angle so you don't have to!!
  • #3,278
  • Apr 29, 2024 12:42am Apr 29, 2024 12:42am
EU
H&S got destroyed, however for me it still looks like continuation down to test 1.0660 and then 106.
Plan for this week, sell sell sell until the last high is taken out.
We watch the charts from every angle so you don't have to!!
  • #3,279
  • Apr 29, 2024 12:48am Apr 29, 2024 12:48am
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #3,280
  • Apr 29, 2024 12:50am Apr 29, 2024 12:50am
Quoting mtako
{image}
Hey!
What are you doing here???
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