Trading Edges That Last
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Lawrence's Comment Recap Tried to bounce off Y-1 with a w. spring. Tagged B-0 but failed to stay above that for long. Produced a 100% absolute range expansion and bounced back ...READ MORELawrence's Comment Recap Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and ...READ MORELawrence's Comment Recap Another not so surprising attack against the bears last week. As mentioned last week, the gaps above were inviting Dow to revisit them quickly. The surprise was that it ...READ MORELawrence's Comment Recap Opened below my support requirement thus invalidated the bullish potential. First try going higher cannot even tag Y-0. Dropped hard but news shock and rumors started to take over ...READ MORES&P 500 Jun 20 to Jun 24 OutlookEURUSD Jul 10 to Jul 14 Outlook3DP Odds Table (GBPUSD) 2011-07-01Dow 30 Apr 18 to Apr 22 OutlookDow 30 Jul 21 to Jul 25 OutlookWeekly Cycle Projection (GBPUSD) 2017-09-043DP Odds Table (GBPUSD) 2022-08-24Intraday Cycle Projection (GBPUSD) 2011-04-26USDCAD Jan 07 to Jan 11 OutlookEURUSD Mar 25 to Mar 29 Outlook
As Featured In
GBPUSD Sep 08 to Sep 12 Outlook
Lawrence’s Comment
FBO against Y+1 triggered all out dumping to Y-3. After a pause, the stop run sent cable down to 1.63. Closed the week below Y-5 and near week low.
Outlook
Cable broke down with euro as ECB’s sudden rate cut sent the world a surprise message. The 2nd part of the drop was clear stop run implying a bounce back upto B-0 will be likely within a week or two. This week consolidation around previous week close is likely.
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