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OBsayMkMoney replied Mar 9, 2023Watch the range. It will telegraph the FOMC. If we enter the week of FOMC at the top of the Dollar range (bottom of GBP/USD), dollar will probably jump (25 BP), but if the dollar is at the top of the range, then we drop the dollar (50BP). Either way ...
Cable Update (GBPUSD)
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OBsayMkMoney replied Mar 9, 2023Booyah!!! There you go my guy! 530 pips doesn't sound like a bad day at all. Patience is the most elusive of targets, but once you capture it.. Life begins.
Cable Update (GBPUSD)
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OBsayMkMoney replied Mar 9, 2023Patience...... the one thing that no one can teach you, but will change everything. Being patient and waiting for price to complete the plan is much more rewarding than chasing and catching pips here and there.
USD/JPY Discussion
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OBsayMkMoney replied Mar 8, 2023As with any two moving averages. Put a 2 and 20 on your chart. When they are far apart look for them to converge.. when they converge look for them to separate. If you color the shortest one green, and the longest red it can also tell you the ...
Cable Update (GBPUSD)
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OBsayMkMoney replied Mar 8, 2023If you are out of all your trades stay out. Tomorrow is another day, and right now you are LOOKING for something to redeem yourself. When you look for something EVERYTHING you see looks like it might be it (remember as kids when you thought you saw ...
Cable Update (GBPUSD)
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OBsayMkMoney replied Mar 8, 2023This trend "heartbeat" is apparent in every trend, and is why we have explosions where EVERYONE suddenly is interested in something, until it wanes off and the late comers and those waiting for it to go on sale join in. For me this was why I got on ...
Price Action Trading (PAT) - Amplifying Market Insights
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OBsayMkMoney replied Mar 8, 2023Looks like we may be waiting on Powell to send it up again. I have 138.6 area before we see any turn if that is true. We are either going to have a volatile week, or a Hawkish fed is incoming.
USD/JPY Discussion
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OBsayMkMoney replied Mar 7, 2023Bro... I have read this a bunch of times, and I don't get what you mean/ were looking for. The only thing I think I gathered was that you thought this would go long based on your 5 day MA analysis and that it was wrong. Is that accurate?
EURUSD
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OBsayMkMoney replied Mar 7, 2023Lol we seem to be thinking alike. I am watching CNBC and had the same thought when they mentioned the selloff was a -386, now 556!
USD/JPY Discussion
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OBsayMkMoney replied Mar 7, 2023Me too. I think we have a 7 day run south from here. The sideways action did the 5 waves across then popped up and out of the range. Looking for it to take out the recent lows, and then go north. If this hasn't started to happen by Monday/Tuesday, ...
USD/JPY Discussion
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OBsayMkMoney replied Mar 7, 2023My friend you and I are on different wavelengths. No one is attacking you. Yes, you did ask a question, but you don't seem to be able to understand my answers, so let's just chalk this up to a nothing burger. My trades are going quite well thank you ...
Cable Update (GBPUSD)
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OBsayMkMoney replied Mar 7, 2023As we older folk like to say. "Don't look a gift horse in the mouth"
Elliott Wave Trading by Ayax
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OBsayMkMoney replied Mar 7, 2023Thank you. Someone who reads for content rather than to have something to respond to.
Cable Update (GBPUSD)