RBA rate hike??? You got more chance of winning the lottery ....
Okay so this is going to be my trade pick of the week , yep you heard me right, nope I haven't forgotten about NFP and CAD data friday ......
The RBA will not raise rates until 2018 - Q1/2, economists say .
If the RBA are dovish with their statement expect this to retrace back to the 0.786 fib line @ 1.17350 levels, if GBP data out 0.930 on the same day tomorrow misses after the RBA statement then down we go.....
If GBP data is impressive we may see this go up to the next fib line especially if the GBP construction figs out Thursday impress, however we will be trading this in the events,
so we will watch this like a hawk with the feeds and the charts, so stay tuned to make some pips......
What a trading week people :)
The RBA will not raise rates until 2018 - Q1/2, economists say .
If the RBA are dovish with their statement expect this to retrace back to the 0.786 fib line @ 1.17350 levels, if GBP data out 0.930 on the same day tomorrow misses after the RBA statement then down we go.....
If GBP data is impressive we may see this go up to the next fib line especially if the GBP construction figs out Thursday impress, however we will be trading this in the events,
so we will watch this like a hawk with the feeds and the charts, so stay tuned to make some pips......
What a trading week people :)
Kommentar:
Also refer to previous post on the 21st april ...................
Kommentar:
So is everyone enjoying the ride up for now ???
We have important MKT Data out @ 0930, right now the Aussie woes's are bad , copper prices tanking along with Chinese commodity prices lower overnight, we are approaching a major resistance level but feel if we print good figs today this could blast through this for now,
stay tuned !!!!!
We have important MKT Data out @ 0930, right now the Aussie woes's are bad , copper prices tanking along with Chinese commodity prices lower overnight, we are approaching a major resistance level but feel if we print good figs today this could blast through this for now,
stay tuned !!!!!
Kommentar:
What were saying for now this has got more chance of popping through the trend line resistance if data is good @ 0930 today and stretching its legs to the 0.786 fib line @ 1.76-1.77 levels
Kommentar:
Okay so we jumped in @ 1.73 when we were getting the feeds telling us of Aussie woes, and were enjoying the ride up for now as mentioned I dont really see this running out of steam until the 1.76-1.77 levels as previously posted
200 pips and counting have put a stop in @ 1.7450 to lock in some profit for now if it turns ( doubtful at the minute )
This was my trade pick of the week and its not disappointing........
As you were
200 pips and counting have put a stop in @ 1.7450 to lock in some profit for now if it turns ( doubtful at the minute )
This was my trade pick of the week and its not disappointing........
As you were
Trade ist aktiv:
Okay people , so those who follow me see the winners and the losers we hide nothing here as this is reality , anyway Im going to re post this, to put it out there again to remind you all,
So as printed earlier in the blog We entered long @ 1.73, due to Aussie woes and nothing has changed, this is easy pips , we are fast approaching the 1.76-1.77 levels, like a moth to the flame , still in still counting and we have moved our stop to 1.76 to lock in some profits, but also let it run .....
Remember whats important:
PLAN THE TRADE AND TRADE THE PLAN
So as printed earlier in the blog We entered long @ 1.73, due to Aussie woes and nothing has changed, this is easy pips , we are fast approaching the 1.76-1.77 levels, like a moth to the flame , still in still counting and we have moved our stop to 1.76 to lock in some profits, but also let it run .....
Remember whats important:
PLAN THE TRADE AND TRADE THE PLAN
If we print good GBP over the next 2 days then enjoy the small ride up ( retrace ) before the chart levels take over again downwards ...
Keep your eyes open @ 0930 GBP manufacturing PMI
lets get some pips people .............