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[SF Monedge]

Frank – As long as the US Bank Index holds 3610 its all good.  Millennial crypto fanatics all over the net are hoping it means, and are sure it will, mean the end of the US Dollar and in April when Bitcoin halves they believe it will double in price almost immediately.  So they can tell mommy and daddy they are smarter than they were.  So, of course I got rid of all of my US Dollars and have zero cash and only bitcoins.  The problem is no one wants them when I want coffee.  What to do.

[Belgrade Knez]

Bobby 2:34 pm

Like!

 

[Belgrade Bobby]

I look for every stupid level there is or might be, and if it fits in my R/R mantra, it is worth a shot Knez

[Belgrade Bobby]

This is our playing field – for now – 30 min chart

 

[Belgrade Knez]

Bobby 2:17 pm

Like!

[wfakhoury Amman]

Buy posts in the forum
Posts now 1.094 .
1.100 will be reached at the end of the day.

[Belgrade Bobby]

Nicely done Knez !! Almost 15 pips in my case…done

[Swiss Frank]

Today is the day the bank term funding program expires. Some are talking about the impact that may (or may not have) on banks and liquidity. If it’s a problem most likely first signs will be in equities…. Especially overleveraged overvalued equities….

[Belgrade Knez]

EURUSD short working good until Friday low and at the same time USDCHF to test Friday high

[SF Monedge]

My overall sense is a bit like this – US tech stocks suffered the largest outflow on record in the week ending March 8 2024.  Virtual confirmation that the Fed will drop govt lending rates in June, which speaks of a moderately slowing economy and inflation cooling due to demand slowing up.  Demand for labor is slowing as well.  Portfolio flows are reducing risk appetite and re-allocating into money market funds, gold, and other assets, including crypto and foreign exchange, so the areas where risk appetite is strong is adjusting gradually…economy should cool a bit in spots coming up.

[Belgrade Bobby]

This is one agonizing day if you trade EURUSD – it goes nowhere , for now…so sitting and watching as the grass grows…

I remember clearly the days when we could switch from USDDEM to DEMITL and just ride it….or from USDDEM long to USDFF short , holding Long USDDEM and take advantage from both sides.

Bah….yeah, those were the days 😀

[GVI Forex 2]

This caught my attention in the Reuters Morning Bid report I posted earlier

Yet, the BOJ has made it clear that official rates will only be going to zero and there will not be a series of hikes, so the death of the carry trade is likely overstated.

Note USDJPY bounced after staying above 146.50

[SF Monedge]

Currently on the buy side of Usd/Hkd (Hong Kong) from just below current market (which is 8195)

[Belgrade Knez]

Bobby 12:52 pm

Understand what you saying ….. I am in this business since 2001. and my intraday trading based on 5min, 15min and 1h …… daily, weekly and monthly using for the direction and support/resistance levels

[Belgrade Bobby]

BTC – I can see 50% retracement, and an ugly one – sharp and merciless.

But the problem is there is no enough data to support anything…

Problem with BTC is that people are seeing it as a currency , but it is really a merchandise of a kind…useless in my opinion- but who am I to judge it….millions of people are buying it like there is no tomorrow…without thinking that it is a Profit game and not lifelong investment.

Plus it is an open ended game , without firm rules and real backup of it’s value.

Someone makes and will make huge profits on it, but not the small fish…

[GVI Forex 2]

The US political season has started earlier. Negative Trump comments about Meta (not the stock price but the company)_ in a CNBC interview are pushing the stock lower.

[GVI Forex 2]

BTC Daily Chart

When Bitcoin first was created I called it a Ponzi scheme. While I have not changed my mind about cryptos I would be an idiot to trade on that view given this rocket to the moon.

BTC rose about 4% to a new record high before backing off a touch but maintaining above the former record high (blue AT line).

By contrast, EURUSD has traded a 19 pip range so far today.

For the record, I do not trade BTC and have no intention of doing so.

[Belgrade Bobby]

Knez, there is a huge difference in strategy when trading anything bellow 30 min chart.

With 30 min, I follow what’s happening on 4h and Daily, and decide on entry depending are we actually moving Up or Down.

On smaller time frames ( and I find 3min the ideal one ) I don’t care where are we moving…just follow signals that I am getting . Of course, everything is smaller – Profit but also S/L .

I do it last two decades, so I have kind of feeling for it, but wouldn’t recommend it to anyone without huge experience – it can easily drive you crazy 😀

p.s. had to add that last sentence because of other visitors .

[SF Monedge]

JP (1:13)  –

Resting purchase Aud/Usd at 6594.

Resting purchase Usd/Jpy 146.24

Of interesting note:  “All economic models are wrong, but some are useful,” Huw Pill concluded in a letter to lawmakers last June that laid out the limitations of prediction methods.  “We should really be thinking of economic forecasts in terms of probability distributions,” said Stephen Millard, deputy director of Britain’s National Institute of Economic and Social Research, who spent more than 26 years at the BoE.

[Belgrade Knez]

Bobby 12:25 pm

I prefer 5min TF in narrow market

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