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- Jade Gate replied May 28, 2024
Double header tonight your time. I have to be elsewhere for game 2 alas. Do love the Mets stadium, architecturally gorgeous to look at, so well balanced.
Cable Update (GBPUSD)
- Jade Gate replied May 28, 2024
Meanwhile, back at the ranch, it's 5.30am Wednesday morning Down Under. I get up to see the US traders have done what they always do. Man they HATE it when anyone other than them drives the PA. They just have to clear it all out, above and below, ...
Cable Update (GBPUSD)
- Jade Gate replied May 28, 2024
Where did that screenshot /data come from? Sample size may be way too insignificant to have any relevance (subject to what N=)
Cable Update (GBPUSD)
- Jade Gate replied May 28, 2024
Inverse correlation. Mirror opposites (for the newbies).
Cable Update (GBPUSD)
- Jade Gate replied May 28, 2024
Absolutely worth waiting until price comes to you and you have the longer term hold set-up you want. Position trading, or multiple days are so much more profitable with far less risk. We all learn the same lessons over and over again until it sticks ...
Cable Update (GBPUSD)
- Jade Gate replied May 28, 2024
Sorry to hear bud. I was going to post earlier in response to one of yours "don't do it" (short) but thought better not, each to their own. Here's Gippy chart, gonna pop it's lid soon. Wait till US traders hit the floor at 7am, see what they do with ...
Cable Update (GBPUSD)
- Jade Gate commented May 28, 2024
Woulda, shoulda, coulda ..... yawn. Too late now. More inclined to think USD weakness will continue now through to November. Market has the scent of what's coming.
Fed's Bowman: FOMC would have benefited from earlier decision to taper and end QE in 2021; would...
- Jade Gate replied May 27, 2024
We were all stupid once, and many of us still are at times, so you are in good company. There is sooooooo much you need to learn as a newbie, and the first thing is to keep your live trades tiny (good money management and respect for risk, big ...
Cable Update (GBPUSD)
- Jade Gate replied May 27, 2024
Ok, here's the USD Index (DXY) daily chart, busy going down. If DXY is going down, then other majors are typically going up. Hope that clears it up for you.
Cable Update (GBPUSD)
- Jade Gate replied May 27, 2024
This is interesting, alligator jaws TA forming on GU. Typically means the jaws will snap shut forcing price north with force (when price reaches the top of the right side of the jaw line)
Cable Update (GBPUSD)
- Jade Gate replied May 27, 2024
You'll need to explain exactly what chart(s) you are looking at. I presume when you said GDP you meant GBPUSD? Or do you actually mean the GDP (Gross Domestic Product) of the US? And what do you mean when you say "If USD is going up"? Do you mean ...
Cable Update (GBPUSD)
- Jade Gate replied May 27, 2024
There's a novel thought
Cable Update (GBPUSD)Like post charts, show others what trades you have on, explain why. Tell us about your TA. Bridge too far?
- Jade Gate replied May 27, 2024
GU is looking to clear the 61.8 fib at last! (weekly) and looks likely to succeed. Will be interesting to see if it holds or can continue north once price hits the red 200ema @ 1.28590. MA's crossing over below on Daily.
Cable Update (GBPUSD)
- Jade Gate replied May 27, 2024
I don't scalp. Position or intraday only. In times past, the USD would often do well on public holidays. But those days are over. Now it is often seen as an opportunity to push price hard. It's a bank holiday, these particular ones means little to ...
New Cable Thread & Other Pairs
- Jade Gate replied May 27, 2024
Matters not. Trading desks will be going full tilt regardless. If anything, it's a opportunity to push price (pick a pair) with force.
New Cable Thread & Other Pairs
- Jade Gate commented May 26, 2024
Funny. Normal people vs economists.
US: "Inflation" doesn't mean what it used toThe normal people have a better grip on economics that the "experts" (drips under pressure).
- Jade Gate commented May 26, 2024
Good analysis re why no intervention is likely. It would be nice to see some broader discussion around the Yen's risk on/risk off status too and the relationship it has with equities performance.
Japanese Yen Forecast: Three Reasons the BOJ Won’t Intervene in USD/JPY Again
- Jade Gate replied May 26, 2024
"The Way that can be named is not the Way".
Hedging/averaging trades without predictionMy fav
- Jade Gate replied May 26, 2024
But you look very pretty in them
Hedging/averaging trades without prediction