@PatternProfits Got it, hadn’t realised the news hit at that time. Many thanks have a great weekend
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Mark Stoker
960 posts
It was news driven and recycled news at that. Typically when that happens, price gets right back to doing what it was doing before the headline hit. Check the timestamp on my post earlier about shaking everyone out just to rip back higher. I was extremely confident in that again being the case because I've seen it so many times before. Technically, things lined up well with the the 50% level/swing/BPR but this was mostly a "not fooling me with this crap" kind of trade. Reward was also favorable vs risk because I knew I was going to be very aggressive with my stop if I was correct.
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@PatternProfits So a yellow bar forms when there is an FVG and the range is 4xSTDV of last 100 bars. The suggestion is if a yellow bar forms but the market then fails to follow through a key level (like 50% IB) and forms an opposing swing point instead - it could be the sign of a reversal?
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@stokerm This also helps for some to train the eyes. Strength setting of 2...
tradingview.com/script/n6djFgQ…
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@PatternProfits Great thanks! So you would wait for the 3rd candle to close thus confirming the swing low before entry?
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Since 1970 the British pound has lost 95% of its purchasing power.
Nobody announced it. Nobody apologised for it.
It just happened.
Most people don't even know.
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@PatternProfits i decided that as price had been so explosive and on such high volume to drop to the 3min today for the ORB which worked out well.
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Why would there be a shortage of Potatoes, Milk or Chickens if the Iran war continues?
We have enough of these in our own country.
That’s why we have farmers.
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@blaiklockBP You may well be right but rather than simply making sweeping statements I would be really interested to see your data backing up these claims
1.”probably” 200,000
2. Most on benefits
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Britain has practically no trading relations with Somalia.
Britain has never been a colony.
Britain is not a Muslim country.
Average IQ 68
So why do we have probably 200,000 Somalis here?
Most on benefits.
Adding zero to our country.
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The BOE holds interest rates, what they aren't telling you.
Gilt Yields/ Bonds significantly higher than Truss premiership.
Labour's slow motion bankruptcy.
x.com/TonyWard867811…
Tony Ward@TonyWard867811
Look at what the bond market just said about Britain. 30-year: 5.73%. 20-year: 5.67%. 10-year: 5.06%. Every single one screaming. The bond market does not bluff. It does not vote. It does not protest. It prices the truth. And it has just told you Britain is uninvestable at the rates you are being offered. Higher yields are not a reward. They are danger pay. At noon today Andrew Bailey will speak. He will tell you everything is fine. The bond market has already called him a liar. You are watching the slow motion bankruptcy of Britain.
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@sophielouisecc Ermmm please can you identify the “ballooning” welfare bill or are you just repeating what you’ve heard without bothering to do any research yourself?
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Labour are raising tax on businesses and employers NI to pay for the ballooning welfare bill
All it’s resulting in is job losses - more people now having to turn to welfare and the bill rising further
It’s a doom loop that will destroy the British economy
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Look at what the bond market just said about Britain.
30-year: 5.73%.
20-year: 5.67%.
10-year: 5.06%.
Every single one screaming.
The bond market does not bluff. It does not vote. It does not protest.
It prices the truth.
And it has just told you Britain is uninvestable at the rates you are being offered.
Higher yields are not a reward. They are danger pay.
At noon today Andrew Bailey will speak. He will tell you everything is fine.
The bond market has already called him a liar.
You are watching the slow motion bankruptcy of Britain.
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The party is about to get started.
We’re all invited.
Charlie Morris@AtlasPulse
UK 30 year gilt yield approaching 6%. That is not a good thing. @trussliz only managed a brief 5%
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A reckoning is coming: Gilts are now consistently above 5% ⬇️
The gilt market has become reactive and jittery - it no longer is a bedrock of stability.
Iran war is compounding ever higher govt spending, taxes, debt and lack of monetary discipline. 1/
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As Kemi says… too much spending on welfare, not enough on defence.
See my @ConHome article below …
BBC Politics@BBCPolitics
Kemi Badenoch says the UK is spending "so much on welfare, we cannot afford to defend the country" and quotes former Labour defence secretary Lord Robertson The PM said he’ll “take no lectures” from Conservatives on defence spending #PMQs bbc.in/4ehsVMO
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@julianHjessop Is there any chance that a properly costed “rearmament plan” that details the benefits that defence spending can have on the overall economy might reassure markets? We desperately need to boost def spending NOW. France has debt at 120% of GDP so do we have any wriggle room?
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This again... 🙄
A reminder too that borrowing for defence is still borrowing, and the bond markets will see through any changes to the fiscal rules to accomodate it.
Does Andy Burnham really not get this yet? 🤔
Lucy Fisher@LOS_Fisher
👀 Andy Burnham suggests a defence spending uplift funded from borrowing outside the fiscal rules... V striking intervention - on many fronts - from Greater Manchester mayor today with @flacqua
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@Artemisfornow Ok well I’ll be interested to learn how they planned the demographic change that has been replicated in all developed countries as they urbanise and start having fewer children. When’s it out?
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It took 50 years of planning and 20 years of implementing to get into this mess. one parliament won’t solve anything.
And before that first parliament is over the majority will be screaming for a return to the ‘normal’
No one will vote themselves poorer, so they will vote for hope and fairytales. What we need to do can’t be done in 5 or even 10 years and by then a new generation will fall for the fairytales all over again.
50 years of planning can stand the hiccup of our tantrums. How depressing.
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