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[GVI Forex 2]

Some disappointment it wasn’t a replay of yesterday.

I never trust saying risk off but stocks are a touch lower.

[SF Monedge]

Data/news releases is only justification to explain to your boss why you ran stops if you are a bank trader.  Not much else unless you are running a billion dollar portfolio.

[SF Monedge]

Why your predesigned indicators don’t work – by a former blackballed CTA – so I hit Aussie right on the chin purely out of experience when every indicator said otherwise, knowing if I go to sleep the banks will do a stop run on my position overnight but they can’t afford to take it further and so I sat on it and the profit target filled.  So was flat on the backdraft and now back in flipping the bird and listening to “Crazy Babies” by Ozzie Ozzborne lol.   They didn’t get me this time.   That, ladies and gentlemen, is trading.  Other than Amazing Trader, not much else works other than option contracts.

[SF Monedge]

Why your predesigned indicators don’t work – by a former blackballed CTA because I was that good and stepped on some toes lol – so I hit Aussie right on the chin purely out of experience when every indicator said otherwise, knowing if I go to sleep the banks will do a stop run on my position overnight but they can’t afford to take it further and so I sat on it and the profit target filled.  So was flat on the backdraft and now back in flipping the bird and listening to “Crazy Babies” by Ozzie Ozzborne lol.   They didn’t get me this time.   That, ladies and gentlemen, is trading.  Other than Amazing Trader, not much else works other than option contracts.

[GVI Forex 2]

Double whammy

Weak PPI and higher jobless claims but reaction so far limited.

[Belgrade Bobby]

EURUSD 1H

Support at 1.07850 , 1.07650

Resistance at 1.08000 , 1.08200 & 1.08400

 

[GVI Forex 2]

(Reuters) – A look at the day ahead in markets from Dhara Ranasinghe.

It’s back to the markets versus the U.S. Federal Reserve.

Morning Bid: The day after the Fed>

[Mtl JP]

Range

DOJI (the same thing in Japanese)

same close as open.  tells you nothing other than moment of indecision

[GVI Forex 2]

USDJPY 4 HOUR CHART – Range?

 

 

What can I say abiut USDJPY that I haven;t said before?

Given the BoJ threat, I am looking at 155-158 as the range until proven otherwise, with 156.50 a bias setting midpoint.

Key events:

US data (Weekly jobless claims and PPI)

BoJ minetary policy decision on Friday

[GVI Forex 2]

GBPUSD 4 HOUR CHATRT – FIBO TIME

 

 

With key supports not close, suggest looking at retracement levels here as well.

So far, it has paused around the 50% FIBO at 1.2774 (low 1.2772)

See our Fibonacci calculator for a useful tool

[GVI Forex 2]

AUDUSD 4 HOUR CHART – Retracements or faikures?

 

 

With the dollar recovering after yesterday’s stright line data driven moves that paused shy of recent dollar lows, look at FIBO levels if yiu do not see any nearby levels.(e.g. 50% of 6578-6702 = 6639)

See our Fibonacci calculator for a useful tool

[michael Calif]

…   misprint:  USD futures remain Long on pullback from mid-April highs   :Option Profile

[michael Calif]

Euro futures remain Long from mid-April low   :Option Profile

[Belgrade Bobby]

To register for the Competition Click HERE

 

[SF Monedge]

So I saw the same old thing yesterday pre-data, with the stalls and the contra-activity.  If they are buying into data that heavy what do you think they are doing?  Is big money confused?  Is it a conspiracy?  No.  They are running 100k times what you do.  They compete with other banks who don’t oblige to be on the same team.  So, price discovery happens.  Big guns win every time.  Right now the market is dazed and waiting for the next conviction post-Fed.  Something is going to break.  My thought is maybe not the Fed.  So unless something profound changes it is hgher for longer and they will price in mistakes.   Dollar is bid, which is why I sold AudUsd this morning vs Euro because they are a little fluffy over there.  The only thing that would make Aussie go higher is a gold run or war.  From here.

[SF Monedge]

Bobby – it seems, as one of our esteemed posters pointed out to me in private earlier, Apple and Musk are fighting.  Who would you bet on if it were a boxing match?  I’m going Apple because of muscle but Elon packs a punch too.  I’m going Elon, the Apple squeals to the regulators and puts Elon on the hot seat.  But he doesn’t care.  He has a chip and is far from dumb.  Apple reached with the latest release, albeit pretty cool.  Elon just keeps launching rockets.  At some point, as a former boxer, one of those is going to land and the other guy is in trouble lol.

[Belgrade Bobby]

Aapl Apple

Apple shares are on a notable hot streak that’s helping the company reclaim the title of most valuable in the U.S.

The stock (AAPL) is up 13.8% across the past two trading sessions, putting it on track for its biggest two-day percentage gain since the stretch that ended Nov. 24, 2008.

In turn, Apple’s market capitalization has exploded. With shares up about 6% in intraday action, those gains would translate to a $3.37 trillion market cap at Wednesday’s close.

 

[GVI Forex 2]

USDJPY 4 HOUR CHART – Back to the breakdown level

 

 

USDJPY is backpivoting its earlier  breakdown level. This leaves 156.50 as a neutral midpoint if you assume a 155-158 range.

[Belgrade Bobby]

NASDAQ 100

New high and just below the resistance line. If closes the day above 19400 new advances might be seen.

 

[Belgrade Bobby]

GME GameStop Corp (NYSE)

Seems as someone / something (smart ) is Selling it on any Uptick .

Support waiting at 22.80 now

 

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