...I Bet You Ain't Never Seen A Donkey Fly!
- #422
- Oct 9, 2024 1:22pm Oct 9, 2024 1:22pm
- Joined Aug 2017 | Status: Trader | 3,294 Posts
If we get a Dixie Daily close above 102.60, that will be a big gain. FOMC minutes could easily get us there
Dixy over the milestone now forms support.
Its all just one persons opinion
- #425
- Oct 10, 2024 1:50am Oct 10, 2024 1:50am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
I had my first lesson with Pedro yesterday. Pedro is a very gifted and wise professional trader and teacher. His teaching is very concise and clear. I am very happy to be doing the lessons with him. I will be completing all three of Pedro courses. I have full confidence to achieve my goal of becoming a pro trader.
Enjoy your studying.
We watch the charts from every angle so you don't have to!!
- #426
- Oct 10, 2024 1:51am Oct 10, 2024 1:51am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
Today we will have the CPI release.
Last week I have explained that I don't try to anticipate any figures as I believe, that if my reading of the market is correct everything will work out with the current positions.
Inflation data is one of the most important releases due to the close relationship between inflation and monetary policy, interest rates in particular. During the last year there has been a bit of controversy regarding the reliability of data emanating from the U.S. Dept of statistics. Some specialists are now suggesting that perhaps there might be a favourable distortion of the indicators making the U.S. economic picture look "rosier" than the reality.
Sometimes this has to do with the methodology used to do the calculations as well as the items which are chosen to be included. This is one of the reasons why I am not putting a lot of faith in them and I rather pay attention to my stops and attempt to close as many positions for profit before the data release.
There could be unusual amounts of volatility, stops grabbing amongst other things.
Beware and trade safe.
Last week I have explained that I don't try to anticipate any figures as I believe, that if my reading of the market is correct everything will work out with the current positions.
Inflation data is one of the most important releases due to the close relationship between inflation and monetary policy, interest rates in particular. During the last year there has been a bit of controversy regarding the reliability of data emanating from the U.S. Dept of statistics. Some specialists are now suggesting that perhaps there might be a favourable distortion of the indicators making the U.S. economic picture look "rosier" than the reality.
Sometimes this has to do with the methodology used to do the calculations as well as the items which are chosen to be included. This is one of the reasons why I am not putting a lot of faith in them and I rather pay attention to my stops and attempt to close as many positions for profit before the data release.
There could be unusual amounts of volatility, stops grabbing amongst other things.
Beware and trade safe.
We watch the charts from every angle so you don't have to!!
- #427
- Oct 10, 2024 2:03am Oct 10, 2024 2:03am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
We watch the charts from every angle so you don't have to!!
- #428
- Oct 10, 2024 2:19am Oct 10, 2024 2:19am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
We watch the charts from every angle so you don't have to!!
- #429
- Oct 10, 2024 2:19am Oct 10, 2024 2:19am
- Joined Jul 2011 | Status: Gold Again | 10,569 Posts
{quote} Thank you for your comment, Mr Busybody.
It takes a lot for me to IGNORE you, but you can try.
- #430
- Oct 10, 2024 2:22am Oct 10, 2024 2:22am
- Joined Aug 2017 | Status: Trader | 3,294 Posts
Its all just one persons opinion
- #431
- Oct 10, 2024 2:26am Oct 10, 2024 2:26am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
{quote} 103.257?
We watch the charts from every angle so you don't have to!!
- #432
- Oct 10, 2024 2:47am Oct 10, 2024 2:47am
- Joined Aug 2017 | Status: Trader | 3,294 Posts
Its all just one persons opinion
- #433
- Oct 10, 2024 3:07am Oct 10, 2024 3:07am
- Joined Aug 2017 | Status: Trader | 3,294 Posts
Its all just one persons opinion
- #434
- Oct 10, 2024 3:17am Oct 10, 2024 3:17am
- Joined Aug 2017 | Status: Trader | 3,294 Posts
Its all just one persons opinion
- #435
- Oct 10, 2024 4:14am Oct 10, 2024 4:14am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
We watch the charts from every angle so you don't have to!!
[quote=GOR;15021485]{quote} #3, lets see, 
PA too slow, back to gold scalp at 2638 + 5M pattern, yesterday they wick out my 2607 BE buy, but GU 30844 KL was fine,
{quote} I hardly touch gold but 2640 2638 were very tempting yesterday] {image}
'In the clearing stands a boxer And a fighter by his trade..'
- #437
- Oct 11, 2024 2:56am Oct 11, 2024 2:56am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
We watch the charts from every angle so you don't have to!!
- #438
- Oct 11, 2024 3:17am Oct 11, 2024 3:17am
- Joined Jun 2016 | Status: Sharing EUR/USD Ideas and Insights | 15,441 Posts
Who said that Pedro's levels doesn't work! 
300 + pips in this trade (yellow box) and can go higher! Well done! 
4 hours
Looking for profitable short term trades ...|
- #439
- Oct 11, 2024 3:40am Oct 11, 2024 3:40am
- | Commercial User | Joined Jul 2013 | 7,883 Posts
Congrats!
P.S. I took my profit, I think another leg down.
We watch the charts from every angle so you don't have to!!
