USDTHB failed to clear last target (33.5x) of a large swing up from 30.5x and looks set to retrace to 32.1x, 31.6x and 31.2x (best value's entry is @ 32.5x)
USDTHB failed to clear last target (33.5x) of a large swing up from 30.5x and looks set to retrace to 32.1x, 31.6x and 31.2x (best value's entry is @ 32.5x) {image}
FA wise, LT reversal looks a done deal as expectations for WW tourism back to normal are only in 1Y or 2Y.
On Top, historically, US FED is usually Thai CB's benchmark which says a lot as FED has by far the loosest monetary policy in the world (only Risk holds USD at current levels)
TA wise, price has already drawn a MT reversal whose break up (34.8x) point has been succesfully tested (bought).
Current value (35.0x) is already a valid entry on D1.
On W1, valid entries are 34.8x, 34.6x and 34.0x (which is the cheapest entry, aka MT Bottom)
I have MT/LT Targets @ 37.0x and 39.0x.
Long ride, weeks to months.
- #103
- Edited 10:45am May 7, 2020 10:28am | Edited 10:45am
German's court rulling still making the headlines in financial newspapers... that's a mistery for me as explained earlier, as they don't have that legitimacy.
EU court always prevails, that's a cornerstone of EU construction. Period.
Despite this weight, EURUSD is still holding on H4 & D1 without too much sweating (shallow extension). Bears are unable to breakdown, which makes me think I might not be completely wrong on this.
EURUSD D1 Map
EURUSD H4 Map
EU court always prevails, that's a cornerstone of EU construction. Period.
Despite this weight, EURUSD is still holding on H4 & D1 without too much sweating (shallow extension). Bears are unable to breakdown, which makes me think I might not be completely wrong on this.
EURUSD D1 Map
EURUSD H4 Map
{quote} Trying to find a trade to short US Equities (ES) MT Map gives me my STP @ 296x (taking that level and ES can aim as high as 303x imo) {image} while H4 Map gives me the trigger/value area I have 2 pending sells @ 2905 and 2921 (I'm trading IG CFDs not ES directly for those wondering how I can handle a +50 points stop on ES) {image}
=> TP1 275x TP2 265x STP 2969
USDTHB failed to clear last target (33.5x) of a large swing up from 30.5x and looks set to retrace to 32.1x, 31.6x and 31.2x (best value's entry is @ 32.5x) {image}
First target in USDTHB cleared@ 32.18
from 32.5xLT break up 32.144 ready for a test. I don't expect it to hold, EOM is far away.
Is it allowed to sell Weed in FF ? Making revenues by selling Weed in my country would lead me to prison, while making revenues by selling TSX:Weed will lead me to pay a 30% flat tax. Sold TSX:Weed @ 22.0x TP1 20.2x TP2 17.5x TP3 15.2x STP 23.8x (1:1 for TP1) {image}
from 22.0xmax drawdown = 10 cents
- #116
- May 13, 2020 10:59am May 13, 2020 10:59am
{quote} pending sell in ES filled @ 2905 & 2921 => TP1 275x TP2 265x STP 2969 {image}
A decent +100 points on ES
max drawdown 30 points
Keeping the remaining for 275x and 265x and trailing stop at BE now
(Why 281x ? : there is a break up point on H4 there :
- #117
- May 13, 2020 11:45am May 13, 2020 11:45am
{quote} long filled @ 1.082x TP1 1.092x TP2 1.099x TP3 1.109x STP 1.072x
{quote} in EURUSD, first target 1.092x from 1.082x couldn't be filled last breakdown point on H4 1.089x capped the flow {image}
On H4, it's now clear the breakdown candle from last May 5th (via that German's court ruling) has still the upper hand on the flow : the breakdown it triggered that day has capped the flow today and has triggered a big sell off on London Close with bulls giving up (cf. chart).
It doesn't smell good, even if that German's court ruling remains a mystery for me (deluded Germany want litterally both of everything).
Clearing all @ BE 1.082x here
Max drawdown -40 pips
Max drawup +70 pips
- #119
- May 14, 2020 10:21am May 14, 2020 10:21am
{quote} Clearing some shorts in ES here @ 281x from 2905 & 2921 A decent +100 points on ES
- #120
- May 14, 2020 10:42am May 14, 2020 10:42am
{quote} {quote} Bulls giving up in EURUSD on London Close. On H4, it's now clear the breakdown candle from last May 5th (via that German's court ruling) has still the upper hand on the flow : the breakdown it triggered that day has capped the flow today and has triggered a big sell off on London Close with bulls giving up (cf. chart). It doesn't smell good, even if that German's court ruling remains a mystery for me (deluded Germany want litterally both of everything). Clearing all @ BE 1.082x here Max drawdown -40 pips Max...
A break and it's direct 1.071x (ultimate break up point sits @ 1.0707)
