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[GVI Forex 2]

From a GV member after reading my blog article

I like your blog article. Exactly like I work but never thought of it as such

Interesting how you came up with it.

Why You Should Treat Forex Trading as Being in Episodes Not Trends

 

[Mtl JP]

according to CNN
–
“Israel hit Iran with three waves of strikes in a high-stakes retaliation. Iran says the attack caused ‘limited damage.’ “

[Mtl JP]

EURO 1.079x friday close
–
(Bloomberg) — Oct 26, 2024
France’s credit rating was put on a negative outlook by Moody’s Ratings in the third warning in the space of two weeks over the deterioration of public finances and the political challenges in containing containing swollen budget deficits.

[GVI Forex 2]

It appears targets were military and not oil or nuclear.

[GVI Forex 2]

Geopolitics

Israel has begun retaliatory strikes against Iran

Only market open is BTCUSD

[GVI Forex 2]

NAS100 4 HOUR CHART – HEADING FOR THE RECORD HIGH?

Came within 200 pips of its record high, which is exposed aslong as it trades above 20000.

Next week is a key one with megacap tech stocks reporting.

So far no signs of pre-election jitters but always a risk so use 20000 as the level that provide a clue.

[GVI Forex 2]

US500 4 HOUR CHART – PRE-ELECTION JITTERS>

Forget the technicals.

The question you should be asking is whether there will be position adjustments ahead of an uncertain US election???

In US500, 5800 will be the level that gives a clue.

[GVI Forex 2]

XAUUSD 1 HIUR CHART – RECIRD HIGH LOOMS

‘
To keep it simple, to expose the record high 2543 needs to become support.

Support on dips while above 2716 but consolidation unless a new high is set.

[SF Monedge]

A CTA in San Diego California (Southern California Naval Base and beautiful city) reminded me long ago that “markets overshoot.”  I am of the opinion that may apply to today’s price activity in some currencies but the dominant trend of say a week time frame has not been broken for them.  UsdChf  included, where the dominant trend is still the sell side even with the overshoot.

In my view EurUsd remains a buy and has not even overshot the trend yet.  I really hope Geo events do not change that because it would also mean stocks get pummeled along with a lot of people’s net stock worth.  Fridays tend to have that dynamic quite a bit.

[Mtl JP]

because , despite maybe 80-90% odds of one side,
FOREX has the uncanny ability to surprise and run on the 20 or even only 10% fumes

seen that a few times too many to forget

[Mtl JP]

“classic example”

I do not understand the exactitude of what is “classic” example

but in my mind, having seen the up and down price travels today

I was imagining the testing (and failing)m of some specific price points to that of pulling on a tiny hair of sleeping mustiff see if it swiftly comes up to bite or contibue to snore n sleep, just maybe flicking its ear

[GVI Forex 2]

As I also said to JP, today wa a classic example of a currency 9EURUD) appearing to trade bid in an offered market.

[SF Monedge]

JP – with you all the way on that.  Got ahead of it a little yesterday.  Trend is intact.

[Mtl JP]

EURO 1.0805

The possibility of a 1.08 and 1.079x print is there

follow-thru is another possibility but of low low probability

personally not feeling friski to test the theories
fwiw

[SF Monedge]

Swiss Franc futures have been in an uptrend and remain so.  Currently 1603.  Next stop 1620 in strong probability.  Monday or so.

[Mtl JP]

1.0805 … ding ding ding …
degenerate traders are partying

feel friski ?

[Mtl JP]

EURO 1.0807

refering to my 12:21

On the south side EUR 1.0800/10 should hold on the day

obviously, remains to be seen

below nwould trgt 1.0750 initially

[Mtl JP]

GVI 3:37 / Friday’s have the particular feature of being end-of day AND end-of-week in FX world
Which means position squaring is the preferred if not dominant dish on the trading menu.

I think the most practical and valuable point in our discussion was the gaging abilty of odds of balance of sellers and buyers both at specific pricepoints as well as time points in the NY trading session which overlaps with London’s end-of-day.

[Mtl JP]

Profit opportunity based on fear ?

Fearing China’s hypersonic weapons, US Navy seeks to arm ships with Patriot missiles

(Reuters) – Fearing China will deploy hypersonic weapons to sink ships in the Pacific, the U.S. Navy is moving forward with a plan to arm some of its vessels with Patriot interceptor missiles, two senior defense officials said.

How many PAC-3 interceptors the Navy will need is uncertain, but overall demand is “through the roof,” said Tom Karako, a missile defense expert at the Center for Strategic and International Studies in Washington.

Lockheed Martin: $563.37, down a bit on account of some issues with f-35

[michael Calif]

re-post:    big picture:  time vibration is UP Euro, DOWN USD.    :gtwo3

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