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[Belgrade Bobby]

USDCHF

Day ahead – might be the Play of the day

Pair broke above the channel resistance line , and based on the pattern recognition, next few bars should go straight Up.

Support is at 0.88695

Resistances at : 0.88850 , 0.8900 and 0.91150

Buying it is only reasonable action, and coupled with a very tight stop just below the support line, gives an opportunity for over the average profit.

As mentioned – coupled with a very tight stop – makes the job easy….chance for a sizeable profit with just a bit of risked money.

[Mtl JP]

well well well

10-yr 4.31 …
reminds me of a acetone … paint stripper
as ‘Ugly’ and ‘disconcerting’ inflation report upsets markets’ thinking on when Fed will cut rates

I guess “ugly” is ugly to some; a beautiful thing to another

[GVI Forex 2]

Nice call

Belgrade Knez
PARTICIPANT
Like
(89.23.77.32)
10:43 am
EURUSD had four bullish days and yesterday was bearish one …. hopefully today CPI can break and send it below 1.0722

——————————————-

1.0722 gave way ….. next 1.0656

[Mtl JP]

bobby tks . good of you BUT no need to spend “some time and nerves” for me

[Belgrade Bobby]

Mtl – Re Search – try using the Search for the whole site – should be working now for the forum topics…Up there on the right -I can insert search for Forum – only, but that we’ll take me some time and nerves…so later on J

[Mtl JP]

trading tactic and savvy
some forum posters have commented this topic on the forum earlier
but I am not sure how to search historical posts (bobby ??)
But how do you know when the bullishness has gone from a “strong trend” to “exuberance”?
–
Do Call Skews Signal Bulls Are Maxed Out? – ref piece on zh.

IMO excellent

[Mtl JP]

bobby // continuing the theme , few days ago “The Rise of Forex Forums and Conferences: Why Networking is Essential for Traders” blog blabla caught me eye.

I have a 180° view on the ‘essetial’iaty of the subject.

[Mtl JP]

bobby more about likes and love
haha banks ask for help … lol
–
Romance scams are run by organized criminal gangs that set up phony social media avatars and use those to connect to potential American victims.
Once a psychological hook is set, the scammer turns the conversations to money.
“We need the social media companies to shut down these people that are putting these out there. We need law enforcement engaged to try and prosecute some of these folks,” Paul Benda of the American Bankers Association told CNBC.

a As online romance scams rise, banks ask for help to save victims billions cnbc

[Mtl JP]

bobby / y. at arms lenght just a few moments ago:

A Texas Oil Driller Banks a $26 Billion Deal, With Regrets
Texas oil driller Autry Stephens is about to become one of the richest men in the world. He isn’t sure how he feels about it – wsj

[GVI Forex 2]

Gold: Is it still hot or not?

XAUUSD 1-hour chart

The CHart shows the former support at $2012 as initial resistance but…

The break of $2000 leaves this as the obvious bias setter going forward.

[Belgrade Bobby]

Mtl : people of similar leaning towards greed will flock like flies to a cube of sugar.

Have you met any other kind…like ever ?? 😀

[Mtl JP]

Belgrade Bobby February 12, 2024 // re scores
in a theme dear to my heart on this forum (i.e. “money money and posi-pips)

a company decided, for 90 days, to open a dating application whose “entry filter is based on credit score.”

an application that makes sense to me. In a world of applications where everything is focused on physical desire, personality, all these things don’t really matter. There emperical evidence that the best match criterion in the long term is a high credit score. If you have two people who have a high credit score, it proves that they have similar values and that they will get along well.

Ditto for the forum: post money-making trade ideas and people of similar leaning towards greed will flock like flies to a cube of sugar.

[Mtl JP]

odds are high if I suggested that the FED is gladhanding how they cleaned out the early short-dollar betting enthusiasts as conspirational theorist

[Swiss Frank]

So eur most likely sits 1.0660-1.0740 as it only moves twice a month on NFP and CPI releases….

[Mtl JP]

Jay 1:50 degenerate traders (a specialized breed of traders) trade the release
– typically they have good physical setup, exceptional internet connection , rapid order trigger and dealer execution

[Belgrade Bobby]

EURUSD

For those that remember good advertisements : You can tell, when it’s Sell 😀

[GVI Forex 2]

Lesson

It is generally safer to trade in anticipation of how a market will trade ahead of a data release than holding a position into the data.

This is my philosophy and you can see why after the surprise CPI print.

US 20-year 4.28% – note JP’s past posts of 4.20% being sort of usd pivot.

[Belgrade Knez]

10:43 am
EURUSD had four bullish days and yesterday was bearish one ….  hopefully today CPI can break and send it below 1.0722

——————————————-

1.0722 gave way ….. next 1.0656

[Swiss Frank]

And hence the outcome from overly optimistic expectations.

Next objective for usd/chf on a weekly basis -> .9100-.9200….. Maybe.

[GVI Forex 2]

CPI missed on the upside – yields sharply higher- usd follows

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