Good evening ladies and gentlemen
I hope you all had a wonderful Smart Money day in the market. The weather has taken a serious turn for the worse after what we were treated to on the weekend but as long as we can trade, every day is a beautiful day! Can I get an Amen? Aaaammmeennnn!!
So lets see what has been happening today on our girl for the week, the cable! I have been in this trade since yesterday and am now a beautiful 250 pips in profit. Price has broken through the RN and on the Daily is now sitting at a fib breather level. The question remains to be asked, after the indepth analysis from yesterday, how much further will this carry on for?
Below is the 1 hour chart. Interesting candlestick formations at strategic times of the day caused price to continue climbing. But now we can see a clear divergence happening on MACD on both the histogram and the signal lines. RSI is yet to go OB. However, Stochastics has crossed over into the OB zone but the signal lines are yet to say anything of significance. Looking closely, what kind of reading is it giving? If you read Jedi Master John's update from the morning, you would be in the know.
Will be very interesting to see what happens by tomorrow so keep on watching. Remember to always do your own analysis!
Welcome back Rich. A happy belated birthday sir!! So how old are you? 18? I will remember to give you your traditional bumps when we next meet. Sounds like you had a top birthday/stag weekend, as it should be! It's good to have you back as I was beginning to feel a little lonely on here!!!
So the answer to my riddle is Mark Douglas, who is the author of Trading In The Zone.
The answer to your riddle is Henry Ford, the automobile industrialist!
My riddle is which word when read from left to right or read upside down is spelt the same?
Abudance is your Birth Right