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also i took the fiber cdr low off 15 min order block, 25 pips
it broke the 1 hour order block high to, see what happens i guess, i only go long on fiber during Asia, if it sets up for it
i dont mind trading asia, since i live in it
sometimes i couldnt be stuffed trading London, depends how asia goes lol
 
SLT said:
you wanna see the view from my backyard paddock?

i might do an intraday scalp video or something along those lines, currently 50 pips long usdchf Asia long, bouncing of monthly order block

Nice Job.
Yeah sure why not. Is it a pretty good view?
 
see the monthly order block on usdchf

if swiss bank cutt rates, what does that spell ?
 
whoo hoo, new forum!

My view on Cable at present... Daily chart
 

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GBP Outlook Hinges on BoE Minutes - by Kathy Lien

Unlike many other major currencies, sterling has been stuck within a narrow range against the U.S. dollar for the past 2 weeks. That should change however in the next 24 hours with the release of the Bank of England minutes. If policymakers continue to press for a rate hike, the currency pair will break above the January 14th and 15th high of 1.5270. If they hum and haw about the decline in oil prices and the downside pressure that it puts on CPI, GBP/USD could break its 1 year low of 1.5035. Over the past few weeks, investors have pared back their expectations for BoE tightening amidst weaker manufacturing, service and construction sector PMIs. Yet not every corner of the economy weakened - retail sales and average hourly earnings rose, giving the BoE some cause for optimism. In a nutshell, we know that the BoE minutes are important and should trigger a big reaction in sterling but it is difficult to predict the direction of their bias. With this in mind, a hawkish bias should have a greater impact than a dovish bias because there are very few central banks looking to raise rates this year and the BoE's commitment to doing so will be extremely positive for sterling. Aside from the minutes, the latest employment numbers are also scheduled for release. According to the PMIs, labor market conditions continued to improve.
 
Gold is doing this, yet Aussie takes a big hit, copper finding a low
 

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SLT said:
Gold is doing this, yet Aussie takes a big hit, copper finding a low

Hi there, my broker (GMT) shows slightly different. You saying that price will retrace to that block before going up again ? So that would be a nice entry point ?
 

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Tactical ICT sniper targets, using the following framework:-
Suspect low created with no STD
Judas Swing into 2 x STD breaking previous days highs
1 x STD Order Bock creation inside OTE range
 

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8)

Look at the late entry buy signal from the 1 x S Deviation support line
 

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Unwind the Breaker, shake off people before the final move. Nicely planned play by the Smart Money. ;)
 
sqa said:
Unwind the Breaker, shake off people before the final move. Nicely planned play by the Smart Money. ;)

Are you saying final move as in Down then? it could dive lower, and leave the pools above as future targets, or run them out first, see how she rolls...
 
Keep Selling Euros - by Kathy Lien

The European Central Bank's decision to start buying government bonds took a major toll on the EUR/USD. The currency pair lost more than 4.5% in a matter of days with the move exceeding our initial 500-pip target. After such a fast and sharp decline, a rebound like the one seen on Monday is not unusual and expected especially given the massive amount of short positions in the euro. An increase in German business confidence helped the euro recover from its initial post Greek election decline but we believe the gains will be short-lived and investors should continue to sell euros. The electoral victory by the Syriza party raises medium term problems for the euro. The opposition ran on an anti-austerity campaign that is great for voters but terrible for creditors. As the country runs low on cash, Prime Minister Alexis Tsipras' will need to restructure the country's loan agreements quickly. Tspiras wants part of their debt to be written off but their creditors, which include the ECB and Germany refuse to do so. If a new agreement is not made, its creditors could withhold the next bailout payment and Greece could face default. Of course, the Eurozone and the ECB have a lot to lose if Greece defaults because the central bank is tasked with maintaining financial stability and this would wreck havoc on European assets. In response to the Syriza party's victory, bond yields in Europe jumped, reflecting increased uncertainty and ongoing risks for the euro. At the same time the upcoming FOMC meeting should keep the dollar bid. If the Fed leaves its monetary policy statement unchanged, the dollar will rise, sending the EUR/USD pair lower (more in the dollar portion of our commentary). Even though EUR/USD has fallen from 1.1650 pre ECB to a low of 1.1098 today, Quantitative Easing can mean even greater losses for a currency. Remember, the first round of QE from the Fed led to a 900 pip decline in USD/JPY over the course of 3 weeks and the QE announcement from the BoJ last year drove USD/JPY from a low of 109 to a high just shy of 120 in 6 weeks time. This means there is additional room for the EUR/USD to fall. If 1.1200 is breached again, we could see the EUR/USD hit and most likely break 1.10.
 
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