Trading Edges That Last
- You May Also LikeFor 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 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 MOREThere are some more interesting differences between Forex trading and stock/index future trading. I will continue my discussion in this second instalment. 24 Hours Trading Forex trading starts every week from Sunday ...READ MORE
Lawrence's Comment Recap Got our targets tagged within first half of the week then stalled from there (Y+2). Y+1 acted as support and closed the week above midpoint. Outlook The reaction to Y+2 ...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 Pushed higher early in the week and then pulled back under Y+1. That staged a drop to Y-0. The surprise was that the supposed pullback turned into ...READ MORES&P 500 Dec 19 to Dec 23 Outlook3DP Odds Table (USDJPY) 2023-01-04Precog Vision – Forex 2011-4-15Precog Vision – Forex 2019-7-313DP Odds Table (USDJPY) 2017-02-15Forex Trading – Perspective from an Index Future3DP Odds Table (USDJPY) 2011-12-19AUDUSD Aug 01 to Aug 05 OutlookPrecog Vision – Forex 2016-12-20USDJPY Aug 27 to Aug 31 Outlook
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USDJPY Oct 12 to Oct 16 Outlook
Lawrence’s Comment
As expected Y+1 was tagged. Y+1 resistance sent ninja back down to Y-0. 50% range bounded all the actions. Closed the week above Y-0 and midpoint.
Outlook
No strong directional hint of any kind as ninja is stuck in this range for months now. On monthly basis though, this is just consolidation after the significant rally. Hence long side has an advantage here.
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