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- Jade Gate replied 20 hr ago
This is interesting. EU finding support on the cross via ma's compression. 4H chart. Do so like a good ma squeeze to make something pop.
- Jade Gate replied 21 hr ago
Think we are about to see cable go into one of its bipolar phases, doing things that are completely illogical, especially compared to EU. There is no explanation for it. It just surfaces from time to time.
- Jade Gate replied Apr 15, 2024
Looking for this retrace to hit the 61.8 fib. Seems unlikely (bit still possible) that cable would choke on the 50.0 fib. Wouldn't rule anything in or out today. US traders on deck another 20 mins. They do so like to be in control of the PA. ...
- Jade Gate replied Apr 14, 2024
Agree. Very likely to be in risk off mode tomorrow and some heightened volatility. However, expecting things will have settled by TAT (Turn Around Tuesday) and I'll be watching the NZDUSD canary in the mine like a hawk to see if support holds once ...
- Jade Gate replied Apr 12, 2024
And keeping an eye on this to see where cable's fate lays today.
- Jade Gate replied Apr 12, 2024
Good planning. WTI contract rolls over tomorrow. Market is going to need USD to settle.
- Jade Gate replied Apr 12, 2024
And here's the sibling rivalry going on. EURGBP cross. The one weakness cable has is that GBP can't be used to settle international contracts of trade between countries. Only USD or Euros (and a small number of particular contracts can now be ...
- Jade Gate replied Apr 12, 2024
Sometimes, instead of looking into the mine pit, you need to keep an eye on the canary in the mine instead. Kiwi dollar = canary. When it hits that trendline, and if it holds, then reversal across the board. If not, watch out below.
- Jade Gate replied Apr 11, 2024
1H chart
- Jade Gate replied Apr 11, 2024
This does not look good for cable, daily chart. MA's crossing over above and resistance at the 200 sma (purple) and 200 ema (red) above that (gorillas sitting on price squashing it flat, i.e. south) And there are wicks on GJ daily chart, indicating ...
- Jade Gate replied Apr 10, 2024
The only certain thing is that if oil prices don't come down, CPI will continue to rise. The 20% hike in oil prices since last CPI are yet to be fed into the equation and that's a huge factor for inflation. The Fed will be nervous.
- Jade Gate replied Apr 4, 2024
Europe is holding price here waiting for the US traders to hit the floor at 7am (in 5 more mins) on the hope they will push GU (and EU) higher. We shall see.
- Jade Gate replied Apr 4, 2024
Cable 4H chart, some interesting potential resistance coming up here and red 200ema and purple 200sma have crossed over. Stoch has hit the ceiling. I'll be looking for wicks to form around this price level for short (if confirmed).
- Jade Gate replied Apr 3, 2024
Good luck with that. Nice pile of wicks on the weekly chart. Going south. Why do I feel like we have a fortune teller in our midst? Astrologer? EW theorist using full moons or crescent moons? Dunno. But hey buddy, whatever it is, if it works for ...
- Jade Gate replied Apr 2, 2024
For Des (and anyone else interested in a potential position trade)
- Jade Gate replied Apr 2, 2024
I do love my fibs will admit. Great technical S&R levels. Here's my BTC chart with the long game fibs plotted. You can see how beautifully price gravitates to those fibs. It's a relaxing thing to position trade, set and forget, check in now and ...
- Jade Gate replied Apr 2, 2024
Here's my fibs on the BNBUSD chart. I haven't looked at this pair before but gotta say that's some seriously nasty PA and a triple top, violent. You can see it hit the 88.2 fib and choked. The 76.4 fib is my own fib too, also not a standard fibo. ...
- Jade Gate replied Apr 2, 2024
We all do our best given what we have at the time. Never beat yourself up if you miss an opportunity. Just use it as a learning experience (one of a great many we all have when learning to trade). That retracement today to the 88.2 fib (my personal ...
- Jade Gate replied Apr 1, 2024
UJ is currently in the BOJ's "death zone" like Everest, above 8,000 metres. I would not want to be taking them on long. They say don't fight the Fed, but also don't fight BOJ when they get their game on. I'm short. GU - be careful if you are long ...