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[GVI Forex 2]

Michael. I never question someone’s trading, especially yours given how far ahead yiu were calling for a buy bias in EURUSD.

But if you don’t mind a discussion of trading, I focus on what side to trade and where there are stops to go after. In this regard, if you know the bottom and not the top, then in this case it is the upside that is at risk and I don’t look for a top until the Amazing Trader gives me a sign to do so.

Just passing on the way I look at trading.

[Belgrade Bobby]

Nasdaq Daily

New High, New Channel – first target at 18900, second 19350

[michael Calif]

we’ll find out Jay.

[Mtl JP]

for a while longer
–
“The biggest uncertainty in my mind is how much downward pressure is monetary policy putting on the economy,” “That’s an unknown — we don’t know for sure. And that tells me we probably need to sit here for a while longer until we figure out where underlying inflation is headed before we jump to any conclusions.” – kashkari

neel is a not a voter. bowman is.

[GVI Forex 2]

Michael

Can this be one of those times the house loses?

[GVI Forex 2]

EIRUSD performing like a textbook

Bounce off broken trendline heading for next key level at 1.0884

[Mtl JP]

Bloomberg
Fed’s Kashkari Says Rates Likely On Hold for a ‘While Longer’

right … 10-yr 4.342

[SF Monedge]

I hate fading markets but a few things are assisting the idea of shorting AudUsd and so I may test the water any time there.

[SF Monedge]

Covered calls in Dow are in the middle of their 3 month range, the market could go anywhere from here.   Of note is the volume ratios have not been vibrant and actually somewhat subdued so one of many indications of subtle hesitancy to simply run uphill without trepidation.  Regardless, risk on for now on dips in Euro until the market is satisfied.

[michael Calif]

NQ (and SP500) futures still show BEARISH Option Profile waves which should result in price double TOP

[Mtl JP]

on deck
–
12:00 – kashkari
15:20 – bowman

crowd opinion control ?

[GVI Forex 2]

This is a really good tip to keep in mind, such as the correction off the US data USD lows that OCCURRED EARLY IN THE US SESSION… Look at it now (e.g. EURUSD retracement low 1.0831 => last trade 1.0859)

Actionable Forex Trading Strategy When to Fade a Correction

Actionable Forex Trading Strategy When to Fade a Correction

[Mtl JP]

thks Jay
–
players are being playful w jerome:
“Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.”

the FED will be needing pronto to correct players’ audacity (or misunderstanding)

[GVI Forex 2]

Nice EURUSD bounce off the broken trendline (posted in advance) – see if the magnetic 1.0850 level exerts a pull
‘
JP 10 year is 4.375%

[Mtl JP]

10-yr 4420 w 4340 Lod

kitties are roaring and jerome is behind the “higher for longer” ball

[GVI Forex 2]

USD retracing after the news reaction.stalled

EURUSD daily trendline broken earler is at 1.0832

USDJPY failed to held below 155

XAUUSD HEKD 2377 TEST

[michael Calif]

Gold futures still show BEARISH Option Profile wave as we revisit the mid-Apr TOP

[GVI Forex 2]

GER 30 (DAX) – UNCHARTED TERRITORY

GER30 is in unchartered territory so resistance is at the most recent high.
‘
Keeps a bid as long as it trades above the 18598 breakout line

[GVI Forex 2]

XAUUSD DAIKY CHART – MAJOR RESISTANCE LOOMS

Using an XAUUSD daily chart to show key levels

2377 tested – 2418 – 2430

Not shown on this chart is support at 2344-58, which suggests a bid on dips while above 2350

[GVI Forex 2]

Dovish reaction to data

Scroll down to see levels in EURUSD and USDJPY

[Author]

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