MOST TRADERS FOCUS ON HOW MUCH MONEY THEY CAN MAKE TRADING. THIS ARTICLE FOCUSES ON WHAT IT TAKES TO BE A SUCCESSFUL TRADER.
USDJPY WEEKLY CHART – IF I WAS THE BOJ
If I was the BOJ I would have a goal to break the 145.89 level, where the major weekly trendline will also be at in the coming weeks.
From the savvy trader
They ie funds retail etc will once again buy the dip but all they are doing is creating liquidity to stop the pair from falling precipitously
68 peugeot … s a nice looking car. antique by now
I recall Daf 33 (dafodill) w/CVT … so simple.
when the belt broke a lady would take off her nylons as temporary “drive belt” fix.
man I love elegant simplicity. Especialy in coding.
can u imgaine the f-ked-up code in the french missiles ? rofl
somebody s burning the candle at both ends scrambling for a fix 🙂 🙂
THERE ARE SOME TIMELY ARTICLES DUE OUT NEXT WEEK, MAKING THIS A TIMELY ARTICLE WORTH READING
BoE stays pat at 5.25%
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Paris Olympics defence system mistakes air conditioners for drones
Concern for the 500,000 Britons expected to attend the Paris Olympics has risen amid claims that France’s new €350 million anti-drone system cannot distinguish between unmanned terrorist and air conditioners.
personally … am not sure this was a smart idea to make it public, geezus
USDCAD 1 HOUR CHART – LOONIE TUNES
Sometimes the CAD is referred to as the Loonie and for good reason but not this time USDCAD was trading soft even when the USD moved higher earlier today. So it should be no surprise to see it trade down when the USD turned soft.
As this chart shows, there are layers of support between 1.3620-80 that needs to break for the move down to pick up steam.
Look for a limited upside if it stays below 1.3713.
Note the key Canadian jobs report is released on Friday.
Vix futures have been sideways for 12 hours with a slight undertow in volume (short side). Dow covered calls fell off of a cliff around at session end yesterday, since there was zero impetus the odds were stacked that stocks would catch a bid today. That said there is already an increase in underlying puts to a slight extent which could assist in putting a cap in the gains. I like your 106 DXY notation earlier Jay. Result with consideration to many other things could end up being some bit of a continuation in risk appetite only to be followed by an offered scenario in risk coming up I think. Hence why I am already scaling in the long side of USD from below.
If the mood changes I switch, that simple.
XAUUSD 4 HOUR CHART –
I was not even looking at gold until I saw commodity currencies rallying and this chart tells it all.
The failure to establish below 2300 has seen a pop that faces a resistance at 2332, If broken then 2352 becomes the target.
On the downside, XAUUSD keeps a bid as long as it stays above 2323.
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