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- Jade Gate replied Jun 28, 2024
Europe are a bunch of pussies with gold (unless it directly affects EU or GU), they are very risk averse, conservative. Wait till the Yanks show up. They're very enamoured with bright shiny things, especially for high risk events. Zoom out to the ...
Gold
- Jade Gate replied Jun 27, 2024
Well that was a charming bipolar exercise. Short, book it, back up, short, book it, back up, rinse and repeat until giddy.
WTI Crude Oil TradingNext short target 83.11 (higher time frame 61.8 fib)
- Jade Gate commented Jun 27, 2024
Saving face. That's all. Lots of hot air, scapegoat predecessor, act like it's a new beginning. Keep the rhetoric going, same story, different face.
Japan’s MOF appoints Atsushi Mimura as top currency diplomat, replacing Kanda
- Jade Gate commented Jun 27, 2024
Each to their own (put 100 traders in a room with a naked chart and every last one of them will have a different take on it). But that sure looks like a bull fractal on the DXY weekly chart to me.
There’s a big Fed inflation reading coming Friday. Here’s what to expect
- Jade Gate commented Jun 27, 2024
Poor things. Hope springs eternal.
There’s a big Fed inflation reading coming Friday. Here’s what to expectDXY doesn't look like it agrees, going north, cleared the 61.8 fib and looking strong for bull. And let's not mention the contract rollover gap on the S&P or DJI.
- Jade Gate commented Jun 25, 2024
They don't need to "intervene" in the same ways they have been trying up to now. They just need to put a ceiling on UJ just under 160.00 and keep it there until market itself does the rest. Just as they have done in the past, with floors and ...
Japanese Yen at Risk of Intervention as Traders Press Bearish Bets
- Jade Gate replied Jun 25, 2024
Liking short here. 61.8 fib. US will never get inflation under control unless they get the price of oil down. Nice TA forming too, potential pair of bear tweezer candles (on weekly chart).
WTI Crude Oil Trading
- Jade Gate replied Jun 24, 2024
Europe testing GJ resistance. It will likely test again when NY traders hit the deck 7.00am ET. We shall see if it holds. Don't think UJ is going to see 160.20 but that also may well be tested when NY traders do their thing. Won't be too surprised ...
Cable Update (GBPUSD)
- Jade Gate commented Jun 23, 2024
Very funny
Japan’s Kanda Says Can Intervene 24 Hours a Day If Neededlove the bit where he took her to new heights of Yield Curve Control
and the spectator in the closet bit, ...
- Jade Gate replied Jun 23, 2024
Thursday was perfect, as expected. Worked great, landed a bunch. Picked up a few more smaller ones Friday. Happy camper. Loaded up some GJ shorts just before @ 202.12, all in profit. How did I know? (other than the support/resistance). The canary in ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 23, 2024
GBPJPY has resistance here just above 202.00 Goes back to previous support in 2005/6. Market has a long memory. Support becomes resistance, resistance becomes support. Let's see if it holds good for short. Tokyo has been open for 20 mins.
Cable Update (GBPUSD)
- Jade Gate replied Jun 23, 2024
Don't know why yet, but it looks like she's going down to me (GU). I don't bother trying to figure it out anymore, just follow the TA. And that isn't to say GU won't go back up some before heading back south. Can't see UJ going south, and in which ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 23, 2024
Hence "know yourself, know your enemy". That's why it take years to become proficient at trading this beast. Many fall by the wayside, but for those who don't, for those who persist and are teachable, there is much to gain. And then you get to the ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 23, 2024
Put 100 traders in the same room with a naked chart, give them all a bunch of TA tools (everyone has the same wide selection), and each trader will see that chart differently. And every one of them will believe they have it right.
Cable Update (GBPUSD)Until..... ...
- Jade Gate replied Jun 22, 2024
Gavin Newsom (current Gov of Ca) has moved up in the betting stakes for next Pres, now in #3 spot. But he's very Dem, won't appeal to the middle ground. In politics, it's that middle ground that makes all the difference, the swinging voter.
Cable Update (GBPUSD)
- Jade Gate replied Jun 22, 2024
No guarantee the Dems will run Biden. They can swap him out between here and Nov. I have money (literally) on Robert F Kennedy Jr replacing him. Biden has not been looking at all well lately. RFK Jr is much younger, fitter, healthier, appeals to ...
Cable Update (GBPUSD)
- Jade Gate replied Jun 21, 2024
Market's play thing of choice when traders get it wrong or don't have enough knowledge .... bend over
Cable Update (GBPUSD)
- Jade Gate replied Jun 21, 2024
Here's where the rubber meets the road. Euros can be used to settle contracts. GBP can't. Moreover, the SNB will support the Euro against the Pound. The witch hard at work
Cable Update (GBPUSD)