Jump to content

Recommended Posts

Overnight Indices, Oil and Gold up. Bonds down. Again.

UK and France bank holiday.

US NFP today at 1:30 pm minus 22 million expected. Turn the economy back on you utter morons.

JPY still down, AUD still up.

image.thumb.png.3a7800ccff5773e124a34ef65c680bac.png

image.thumb.png.5eb9ef843421d3a31d8241a0e2093146.png

image.thumb.png.fa059ac48601679bf07517a6314872cb.png

image.thumb.png.7d0b2a39cc248ffecfd1b2079370694e.png

Link to post
  • Replies 617
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Visualisation in Excel of current market situation: Built using https://www.excelpricefeed.com  

"...an inverting yield curve and weak June manufacturing data across the globe have divided analysts on whether or not a pullback is due. DWS forecasts a “moderate cooling of economic activity”, but J

Overnight remains risk off. Indices and Oil down. Gold and Bonds up with Bonds just pulling back. Today not much on the calendar so it's all about the virus. 

Posted Images

7 hours ago, Caseynotes said:

US NFP today at 1:30 pm minus 22 million expected. Turn the economy back on you utter morons.

US NFP today at 1:30 pm minus 22 million expected. Turn the economy back on you utter morons.

Edited by Caseynotes
  • Thought provoking 1
Link to post

Hong Kong seemed the main cause yesterday evening with worries China was just going to take over completely and abandon the one country 2 system approach  and the US would be forces to respond in some way, but the worry seemed to dissipate over time.

Link to post
31 minutes ago, Caseynotes said:

before rising again quite far and suddenly you mean;

That violent up-and-down pattern often precedes a drop, look at Dax now

Link to post

A sudden up and down is often the result of news. In a bull market traders will usually check where support is on the London market open before moving on. Standing back and looking at the H4 chart it really just looks like a normal pullback so I wouldn't be as quick to flip or you end up flipping every 5 minutes.

image.thumb.png.91fc17eb47eccb5b1642fb7804354f20.png

 

Link to post
5 minutes ago, Caseynotes said:

looking at the H4 chart it really just looks like a normal pullback so I wouldn't be as quick to flip or you end up flipping every 5 minutes.

Yes, and generally 5 - 10 - 15 minutes isn't good for me

Link to post
1 minute ago, dmedin said:

Yes, and generally 5 - 10 - 15 minutes isn't good for me

the chart above is H4 and the daily pivot (magenta DP) is a good line in the sand for determining whether it's currently a bull or bear market, keep an eye on your MAs and if they are sloping and 'in order' (8>20>50) i might go with the counter flow but with a view to getting out early but generally I wouldn't chase price up and down but rather wait for price to move from one level to the next in line with the prevailing trend. 

  • Like 1
Link to post

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • General Statistics

    • Total Topics
      14,422
    • Total Posts
      71,104
    • Total Members
      59,560
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Zam
    Joined 07/03/21 11:01
  • Posts

    • They caused me a loss of £10k as I was long and planning to keep my trades. Anyway, looks like the SEC is going to go after them and to be honest I'm glad because I found it extreme on us small investors to lose all our money because they delisted xrp. https://coil.com/p/XRP_Productions/SEC-Sues-Crypto-Exchanges-for-Delisting-XRP-and-Hurting-Innocent-Investors/VfGRw237d        
    • As you rightly say, based on their decision making affect on existing customer positions, faith in IG being a decent ethical organisation is shattered - I would never have thought a company who had such a good reputation and project such s customer inclusive approach could **** its loyal customers on this manner; please email their Compliance department if not already done in case of future litigation
    • Very funny 15 min vid from Russel Brand on Davos billionaires. Yes he's a old socialist but he's right on point here. Released just yesterday. Great Reset: Philanthro-Capitalism - The DAVOS Con    
×
×
  • Create New...