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tehnoob replied May 18, 2020Btw dont let that make you think that top at 1.3200 is safe The USD is competing with GBP for the most printing
Cable Update (GBPUSD)
- tehnoob replied May 18, 2020
- Captain, the 1st objective has been achieved. We took no prisoners! - Yarrr, me mateys, now turn it around, set sail for the next destination! - Aye Captain!
Cable Update (GBPUSD)
- tehnoob replied May 18, 2020
Bought some AUD/USD with 32 pips stop loss. I think AUD/USD is going to at least revisit 0.6550s area, and potentially go higher. However, it is not certain that the flush out of longs over the past few days concluded with last Friday. But that's my ...
Trading with Luke
- tehnoob commented May 18, 2020
Turns out the communist Chinese are getting pretty good at this capitalist game. Borrow from fools, then stuff 'em
Bankruptcy case casts doubt on US$96 billion of offshore Chinese bonds claims, puts pressure...
- tehnoob replied May 18, 2020
It's possible, but such painful flush outs usually happen at sentiment extremes. At present various data sources suggest there is little participation or conviction in both long and short. Many will have been killed by the rise to 112 followed by ...
USD/JPY Discussion
- tehnoob commented May 18, 2020
It's far too late to "dis-intermediate" the Chinese colossus. It's grown too big and too powerful to reverse its course. You may stall it. You can no longer stop it. History loves irony. And it's an irony that capitalist America fed and nourished ...
As World Braces For US-China Trade War Fireworks, This Is How One Bank Is Trading The Coming...
- tehnoob replied May 18, 2020
Good morning. Last week I lost 80 pips in two trades where I was trying to catch what I believed was a bottom forming in the FTSE. In my third attempt I bought Dow and FTSE as they took out prior clusters of lows that had formed over the past few ...
Trading with Luke
- tehnoob replied May 17, 2020
Good morning. Well my USD/JPY long trade hasn't really gone anywhere over the past few days. Price action since the breakout is beginning to look like another 'fakeout' north. Stop loss is now at break-even, letting the market do its thing. I don't ...
USD/JPY Discussion
- tehnoob commented May 15, 2020
Exactly. Money will have to be printed in order to finance the government deficits. Which means the de facto end of central bank independence. Which means the defacto end of the deflationary conditions and declining interest rates which which have ...
Pandemic Bills Are So Big That Only Money-Printing Can Pay Them
- tehnoob commented May 15, 2020
The only thing obvious is that the US desperately needs to seriously tackle China's rise, before it becomes impossible. And that, amongst the 330 million Americans, the person least capable of doing that, is their current President. You don't tackle ...
Trade war: Where is Trump heading?
- tehnoob replied May 15, 2020
it's a TRAP! The big fish are painters. They will paint the picture that they want us to see , like baiting the hook with a nice, juicy, wiggly worm.
Cable Update (GBPUSD)
- tehnoob commented May 15, 2020
fck if he knows where he's heading!
Trade war: Where is Trump heading?
- tehnoob replied May 15, 2020
Update: captain, we are approaching 1st clean-out target! Get ready to engage those bull stops and then trap some bears!
Cable Update (GBPUSD)
- tehnoob replied May 14, 2020
If, as I suspect, all this down move of the past couple of days in the stock markets was in order to clean past clusters of lows and give an opportunity to buy at the month's low or thereabout (from which markets had run away right from the month's ...
USD/JPY Discussion
- tehnoob replied May 14, 2020
Overall, not been a positive week so far, but trades still active.
Trading with Luke
- tehnoob replied May 14, 2020
Update: Lost another 35 pips here as the market continues to move lower. So I suspected its mission was reach the out of hours FTSE lows of May 4th, which had happened during Asian hours. So I waited, moving down to the 1min chart. The low timeframe ...
Trading with Luke
- tehnoob replied May 14, 2020
Yes, central bank activity has been suppressing volatility on the majors and the markets. But it's been happening since 2008
USD/JPY Discussion