Caseynotes
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Posts posted by Caseynotes
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3 minutes ago, dmedin said:
Are there people out there willing to string you along, making you think you can be a successful retail trader, while doing their best to get your money into their bank accounts? Why, yes - there are. What a surprise!
the party that wins when you get stopped out is the party that took the other side of your trade rather than the broker that just paired you up, and yes, I suspect they will have had a better education/more experience than the average retail punter ☹️. There's the problem and the solution right there.
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20 minutes ago, PRABHU said:
Er, no and no. You have your chart price set to Mid but to get out of a short you need to buy back at the Ask price which did hit your stop see pic below.
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Following on from this morning's post and Dax did go on to check R1 and Dow on to check the pivot, both now waiting on the US open.
H1 charts;
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11 minutes ago, nit2wynit said:
Any insight into the direction of the FTSE?
Thanks
the ftse was getting a free ride up on the back of the plunging £ as Boris was sounding tough and increasing the odds for a no-deal Brexit but he's been back peddling just lately so ftse has come off a bit and then was hit like all the indices on yesterday's fomc. Today is stabilising/consolidating in line with the others as is the £ since 8am so waiting for the US market open at 2:30 for a push in either direction.
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7 minutes ago, nit2wynit said:
Where do I start? Is there something I can read? I Readers Digest of the Fundamentals?
best place to start is just to get into the habit of checking an econ calendar every morning, you will learn as you travel through the cycles.
https://www.forexfactory.com/calendar.php#detail=102325
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16 minutes ago, nit2wynit said:
When is this to be expected Casey? Thanks
UK rate decision was today at 12pm, no change.
US NFP is tomorrow at 1:30pm and forecast to be 164K, Wednesday's ADP nfp was 156k, 6k higher than forecast.
NFP is the second biggest date on the calendar (just behind FOMC).
Though there is a whole mass of data released the 3 most important numbers are nfp, average hourly earnings increase and unemployment rate.
As usual it's the unexpected that causes the stir.
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9 minutes ago, Guest phil said:
Wednesday's FOMC statement and press conference didn't sound like the economy was in trouble...
But there's an old saying that "actions speak louder than words", and the first rate cut in over a decade sends a much different message than the standard 'everything's fine' rhetoric we got from Fed mouthpieces.
Watching live the charts were relatively subdued until the start of the presser when he opened his mouth, that's when everyone was expecting a bit of insight but instead just got confused then incredulous and then realised they were watching a farce. The collapse of confidence in the Feds ability to assess and make decisions was the undoing rather than actual economic data.
Trump still silent 🤬😡🤬 lol.
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London open and Dax looking for R1 around 12225 while Dow starts under the pivot 26937 and looking to test.
H1 charts;
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Has broken down through 1410 daily chart support level and RSI 50 so looks to be heading for a retest of next support level 1400.
Daily chart;
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Looks to have found support around 57.63 and has recent high resistance at 58.82, currently paused around 57.80 to see which way the wind will blow.
H4 chart;
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BTC turns down at recent resistance level 10150 and heads back towards 9743.
H4 chart;
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Start of a new month so the monthly chart recap. Ftse was doing so well and still above the broken monthly chart resistance level, Dow puts in a pause bar, Dax has an inside bar in a uptrend and Nikkei still consolidating.
UK rate decision today and US NFP tomorrow.
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Overnight and still lots of red, quite a feat to crash everything all at once except the USD of course which is flying high, hate to be Powell when he gets that phone call from Trump 😳
UK rate decision today, let's hope Carnage can kick up a s**tstorm of equal volatility.
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21 minutes ago, Kodiak said:
I am surprised they missed take it to a new all time high today, maybe "they" are on holiday😁
"The two words from Jerome Powell that rocked the financial markets"
yes it was comical, having previously admitted that the Fed had hiked too often too fast said today that this cut was just 'a mid cycle adjustment' and thereby implying that the Fed would soon be back to rate hikes too often too fast, just left everyone dumbfounded. He tried desperately to back track but the damage was done, his reputation was just tarnished before today but now it's unsalvageable, influencers are openly mocking him.
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without doubt the most hilarious FOMC I've ever seen;
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this is comedy gold;
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turned into a pantomime;
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twitter alive with the realisation Powell hasn't got a clue what he's talking about. see pic below is typical.
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LOL, Powell is in big trouble now, market didn't like the mon pol statement and especially didn't like his presser speech.
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Not forgetting some are calling for a 50 BP cut today, also the mon pol statement and presser should give clues as to the increased or decreased chances more cuts latter this year and will also add to the whipsawing.
Fed Funds Target chart;
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Investing.com on a 25 BP cut today might affect US Oil and Brent.
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From investing.com on the possible affect of 25 BP cut today on Gold;
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32 minutes ago, nit2wynit said:
@JamesIG Hi, sorry to bother you, but this is a real problem now.
Whom should I contact to possibly have this issue addressed? I figured this was a Technical post that could be answered here.As the platform is online there are a few things to check to see if they are affecting the connection.
try turning off Windows Firewall or any other Firewall you might have installed.
try turning off your antivirus.
check your network settings are not trying to block incoming connections.
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very useful indicator, drawing in the end of day candle in the morning 😮
Indices
in Indices and Macro Events
Posted
Confirm direction before looking to execute, don't settle for 'maybes'.