Starting it off.
Al
AL
albert
Rep: 99
Posts: 3,094
Paper trading. Made a bit on an ABCD in CAT.
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AL
albert
Rep: 99
Posts: 3,094
Oops. Pressed the wrong button.
Paper Trading. Saw the setup on the 3 min chart. Death Cross and price action below the 8.
Including a ML Set, Modified Schiff
Al
Paper Trading. Saw the setup on the 3 min chart. Death Cross and price action below the 8.
Click image for original size
Including a ML Set, Modified Schiff
Click image for original size
Al
MA
MarcinO
Rep: 67
Posts: 5,506
No posts guys, sorry.
Take a look at this chart and you will know why. This is a constant manipulation for over 10 days now. It's hard to post area in advance as in such an overlapping market you rather observe price action changes and adapt as fast as you can rather than predict price levels. From my point of view, there is no real interest in the Pound (6B M18) right now, just sheer manipulation and delaying any decision making.
My idea for now is that they will send it up to 1.34, make an ABDC and throw it down to 1.3260-70 overnight/tomorrow. The market is ready for these area for over a week though, but they always find a way to stop the drops higher though....
Take a look at this chart and you will know why. This is a constant manipulation for over 10 days now. It's hard to post area in advance as in such an overlapping market you rather observe price action changes and adapt as fast as you can rather than predict price levels. From my point of view, there is no real interest in the Pound (6B M18) right now, just sheer manipulation and delaying any decision making.
My idea for now is that they will send it up to 1.34, make an ABDC and throw it down to 1.3260-70 overnight/tomorrow. The market is ready for these area for over a week though, but they always find a way to stop the drops higher though....
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
One more comment about volatility. Yesterday and today there was a lot of key data from UK and US, all very good for the dollar and poor for the pound, including today's change of perspective from 3 to 4 rate hikes in US this year. However, daily changes are limited to 80 and 70 pips in these two days (statistically every 4 days out 5 have higher daily range). I don't know why is that so, apart from the fact, that this market is rotten to the core.
RA
rat89
Rep: 0
Posts: 7,015
or this.....but either way it's set for a sharp move
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MA
MarcinO
Rep: 67
Posts: 5,506
Yes, rat. GDX looks like sh..., too.
Where is the real money? Did they all go to bitcoin or other bullshit markets?
Where is the real money? Did they all go to bitcoin or other bullshit markets?
RA
rat89
Rep: 0
Posts: 7,015
they're doing the same with gld and gdx.....very interesting
Originally posted by MarcinO
No posts guys, sorry.
Take a look at this chart and you will know why. This is a constant manipulation for over 10 days now. It's hard to post area in advance as in such an overlapping market you rather observe price action changes and adapt as fast as you can rather than predict price levels. From my point of view, there is no real interest in the Pound (6B M18) right now, just sheer manipulation and delaying any decision making.
My idea for now is that they will send it up to 1.34, make an ABDC and throw it down to 1.3260-70 overnight/tomorrow. The market is ready for these area for over a week though, but they always find a way to stop the drops higher though....
Click image for original size
RA
rat89
Rep: 0
Posts: 7,015
nem hit a very interesting potential bull trap at 39.05, on the late afternoon pop, where:
40.69 - 38.01 = .382 at 39.03
39.13 - 38.43 = .886 at 39.05
40.69 - 38.01 = .382 at 39.03
39.13 - 38.43 = .886 at 39.05
Click image for original size
Click image for original size
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
They did send it up, even higher, to 1.3450 and dropped it heavily. 1.3260-70 is the first serious support. I hope they stopped posponing decision making for a while.
Click image for original size
Originally posted by MarcinO
No posts guys, sorry.
Take a look at this chart and you will know why. This is a constant manipulation for over 10 days now. It's hard to post area in advance as in such an overlapping market you rather observe price action changes and adapt as fast as you can rather than predict price levels. From my point of view, there is no real interest in the Pound (6B M18) right now, just sheer manipulation and delaying any decision making.
My idea for now is that they will send it up to 1.34, make an ABDC and throw it down to 1.3260-70 overnight/tomorrow. The market is ready for these area for over a week though, but they always find a way to stop the drops higher though....
