Recent content by Joshnix

With the fast drop to 1.0850. Is bullish scenario off the table?

Merry Christmas to you and your family Sive!

You are missing that fundamentals drive markets as well. My take is Japan raised rates which is negative for the US dollar, which also will have an effect on inflation (probably up) increasingvneed for Fed to raise more (no pivot). USD down means gold up. I am no expert but I have been following...

Can you update now that Japan policy has changed fundamentally?

I think you will find something here. https://www.forexpeacearmy.com/forex-books/outline/3/complete-trading-education-forex-military-school If you look you can find Dinapoli's book online.

How much of this run into gold has to do with Russia and China creating a new reserve currency based on rare earth metals?

"At a time when it is essential to avoid fissures in what’s been a largely unified Western response to Russia, the U.S. president will look to press important allies like Poland to dial back the idea of deploying a Western peacekeeping mission to Ukraine. It’s an idea that the U.S. and some...

This market doesn't know it's elbow from it's *******! Break down short, climb back up.

This is the Confluence I had. 1.1070 area to 1.1095 area on the 4 hr chart. So I guess I made a scalp trade. My thought also was that the war would affect more than the ECB decision. So that is what confused me as I didn't see the same confluence. Was there a rule of oversold that lead you to...

I stand corrected. Glad I took my overnight profit and waited.

Sive I am confused by your analysis today. Confluence resistance has held @ 1.1095 area. B&B seems to have begun.

Mr. Morten what about the close below the MACDP on the daily. Today it finished a retracement to the MACDP. I chose to go short, your hesitancy confirmed my feelings. Do you still feel we get to 1.1260 or ultimately 1.09 on fundamental background? Or are you expecting a lot of choppiness?

go read this https://www.forexpeacearmy.com/forex-books

I would like to present a technical view of the Quarterly chart Bearish butterfly where we are in CD leg currently. Long term because of the BC being 88.6 retracement of AB it should have a target of 1.4219. Purely Technical look however based on current trend and fundamentals, something soon...

Curious if could reason the Pound not paying attention to overbought at month end for us briefly. Could it have to do with the Monthly candle of March? are we trying to escape it's range like Gold did?