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CannonScout replied Jun 3, 2018Bullish short term at least. Again I'm nearly always wrong, but the recent action does signify some type of USD strength. Remember markets are irrational, the USA could drop a nuke and prices could still increase substantially. (As an example.)
USD/JPY Discussion
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CannonScout replied Jun 3, 2018Idk man. Trade war fears are rather bloated, they all rely on each other. Plus if I had to pick sides I would back the USA 1000%. Considering the USA is roaring back to life (at least on paper) and rate hikes are still a good incentive, betting ...
USD/JPY Discussion
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CannonScout commented Jun 2, 2018Money's on a Saudi owner.
'Holy Grail' of Ferraris sells for record $70M
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CannonScout commented Jun 2, 2018I can see the headlines already. "Trump-Putin act giddy together." "Trump-Putin appear as lovers to WH staff." "Putin congratulates Trump on successful American takeover." Get the popcorn.
White House planning for potential Trump-Putin summit: report
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CannonScout replied Jun 2, 2018Perhaps it may help to say that the price of the Euro strongly affects Trump. I've seen that this pair is so bloody traded that it becomes impossible to predict with any reasonable certainty. (At least for me.) I would use only an adapted gambling ...
EURUSD
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CannonScout replied Jun 2, 2018Would love to buy at 109 if it creeps there. Small position. Has to wait for confirmation but I suspect this USD buying to spurt it higher.
USD/JPY Discussion
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CannonScout replied Jun 1, 2018Probably wrong as usual. But to me this is very bullish, I don't understand the compulsion to sell. Such a consistent buying pressure for USD signifies a large amount of potential demand. Plenty of room to buy and sell higher. Maybe my patience will ...
USD/JPY Discussion
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CannonScout replied May 31, 2018While I've never observed the effects of this, it could be wise if I laid of the drugs, alcohol and tobacco while trading. But then again, this could help instead. Performance is very satisfactory anyway. Oh well.
What Would You Do Differently Today for Better Trading Results?
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CannonScout replied May 31, 2018I think many are still on the sidelines regarding the rate hike. It is still rather uncertain. If they do occur I would not be surprised if this pair went a bit higher. I haven't sold yet. 111.50 is a perfect selling price for me but I didn't manage ...
USD/JPY Discussion
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CannonScout commented May 31, 2018Trust Gorman or Trust Soros? Blimey that's a difficult one. You may as well pick between Voldemort and Satan.
Soros Contention on Global Crisis `Ridiculous,' Gorman Says
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CannonScout replied May 29, 2018I doubt that it will revert to the previous status of independent nations. Rarely does politics take a step backward. At the end of the day, some of brightest, sharpest and greatest are involved in the EU project. I'm unfamiliar with the internal ...
USD/JPY Discussion
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CannonScout replied May 29, 2018Still, there would be some effect, I doubt the carry-trade opportunists would be silent.
USD/JPY Discussion
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CannonScout replied May 29, 2018True, I am very bearish on the pair. Just know that it ranges quite consistently. Rate hike for the US? Would probably create upward pressure for the dollar no?
USD/JPY Discussion
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CannonScout replied May 28, 2018I agree with that. The short-term downtrend seems pretty established. Would be foolish to buy at this point. However I can't help but feel that a retest of the previous high should be imminent. I like the 107.93 point for a potential long. However ...
USD/JPY Discussion
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CannonScout replied May 26, 2018You're probably right. But Ratings agencies have lost much of their reverence in recent years. Many still remember 2008. I don't expect any major moves in the near future. I am very bullish on the Yen, yet further analysis is telling me to wait. ...
USD/JPY Discussion
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CannonScout replied May 23, 2018Right. Fair enough. Demo? Not real cash
I was always told, "learning to trade in paper is like learning to fly in a paper plane." To each their own though. If you think about it Crypto is still way over priced. Considering the profit taking, fear ...Testing Bitcoin Cryptocurrency on Dynamic Market Profile
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CannonScout replied May 23, 2018Made a fat sell order at 1.2050 for E/U. And made one for 111.50 for this pair. Bloody hell they must be toxic. I would still wait. Just action trying to find US buyers. Of which I'm sure there are still plenty. Wait for a H&S pattern, that would be ...
USD/JPY Discussion