Attachments: New Cable Thread & Other Pairs

New Cable Thread & Other Pairs

#5,701
Jun 7, 2024 7:48am Jun 7, 2024 7:48am

Alorente
Joined Aug 2011 | Status: Trader | 4,928 Posts

Quoting Mitiblotch

Disliked

{quote} I banked everything. However, from 1.0890 I would bank partial and leave some for a run down.

Ignored

We may well get that close under the monthly pivot today...

Observation is the path to discovery.

#5,702
Jun 7, 2024 7:53am Jun 7, 2024 7:53am

Alorente
Joined Aug 2011 | Status: Trader | 4,928 Posts

I feel today´s NFP numbers, especially the 0.4% increase on wages, takes the July FED cut completely off the table and possibly September too. Add to this the bounce back in ISM services and it is hard to picture things changing in the next 3 months in order to warrant a cut.

Add to that picture the fact that the ECB just cut yesterday and there is little for EU Bulls to hang on to.

Observation is the path to discovery.

#5,703
Jun 7, 2024 8:07am Jun 7, 2024 8:07am

birdland
Joined Aug 2010 | Status: absolute beginner | 5,464 Posts

Quoting Mitiblotch

Disliked

{quote} Good post. There is only one consideration I'd like you to note and that is that EU and GU have not touched their respective monthly pivots. They will. And if they do and close at the pivot or below it the month becomes bearish. The further away price travels from the pivot the more likely it will fall without warning.

Ignored

i know in the end its a bit luck, but your shout was great und right!

trading is like dancing, don't think and just listen to the music!

#5,704
Jun 7, 2024 9:17am Jun 7, 2024 9:17am

birdland
Joined Aug 2010 | Status: absolute beginner | 5,464 Posts

weekly target reached, no day of losses, what more could you want?

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many things are possible, but you also have to believe in them. to motivate some traders, i show them that.

turn 100 into 10,000 in a few months? of course possible!

turn 1000 into 70 million in a few years? dancingphil has done it.

trading is like dancing, don't think and just listen to the music!

#5,705
Jun 7, 2024 11:51am Jun 7, 2024 11:51am

T721
Joined Oct 2020 | Status: couldn't give a flying duck | 7,373 Posts

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#5,706
Jun 7, 2024 12:12pm Jun 7, 2024 12:12pm

ethmageeth
| Joined Mar 2024 | Status: Trader | 14 Posts

Was able to recover some losses and bring my account into profit today, sounds stupid but it was a nice thing to see my trust in my work and confidence increase despite being in drawdown even. big thanks to Pedro the absolute wizard, I’m still quite young in this but just feeling happy with my progress and I wanted to share

#5,707
Jun 7, 2024 12:20pm Jun 7, 2024 12:20pm

T721
Joined Oct 2020 | Status: couldn't give a flying duck | 7,373 Posts

Quoting ethmageeth

Disliked

Was able to recover some losses and bring my account into profit today, sounds stupid but it was a nice thing to see my trust in my work and confidence increase despite being in drawdown even. big thanks to Pedro the absolute wizard, I’m still quite young in this but just feeling happy with my progress and I wanted to share

Ignored

Well done