Trading Edges That Last
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Lawrence's Comment Recap I am correct that NQ has a consolidation week - choppy move back down to Y-0 pretty much sums up the story. NFP report caused an upside breakout of ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap NQ was the near normal one with reduced range and drift like moves. One thing notable is that Google and Amazon has significant negative impact on NQ yet NQ ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Was looking for further downside and we got that. Not quite tagging Y-3 as Dow stopped going lower when it reached 100% absolute range expansion. V-shape reversal since and ...READ MORENasdaq 100 Dec 09 to Dec 13 OutlookHot n Cold (GBPUSD) 2013-10-11Precog Vision – Forex 2015-6-15Intraday Cycle Projection (GBPUSD) 2018-07-16USDJPY Nov 14 to Nov 18 OutlookUSDJPY Oct 15 to Oct 19 OutlookNasdaq 100 Dec 08 to Dec 12 OutlookPrecog Vision – Forex 2022-3-293DP Odds Table (GBPUSD) 2023-05-02Dow 30 Oct 14 to Oct 18 Outlook
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GBPUSD Oct 07 to Oct 11 Outlook
Lawrence’s Comment
The best pair to trade last week. Breakout play from Y+1 to Y+2. A thin up channel in place giving us a potential top in the making. Lower high retest of Y+2 and then breaking Y+1 gave us below Y-0 target. Closed the week at week low and below Y-0.
Outlook
Need cable to close below Y-1 on weekly basis to confirm daily up trend broken. For now will treat this as a strong pullback only.
Looking for more downside this week. B-2 reasonable target. But cable can stage a bounce from there and close above Y-1 if this is just a strong pullback.
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