[GVI Forex 2]

XAUUSD 1 HOUR CHART – Can it reach 3000?

Another record high at 2912 makes this the only key level.  To put 3000 on the radar, 2900 would  need to become support.

Otherwise, it now needs to establish 2882 (former high) as support to keep a strong bid.

Fallback support 2852-71.

[GVI Forex 2]

USDCAD  4 HOUR CHART – KEEP MINDING THE GAP

USDCAD remains the outlier, the only currency not not to gill its opening week gap.

T foll the gap 1.2373 would need to trade.

High today is 1.4376-79 but chart still shows 1.4366 so make the zone 1.4365-80.

On the downside, my long standing bottom of the range remains at 1.4261, which contains any move down unless broken. .

[Rafe]

That is why I said and have always been saying “Keep rates higher for longer”… I just knew and prayed that someday the USA would become wise to all the flooding going on and when they do wise up then the first thing to go out the window will be USAID… but then to keep an economic balance interest rates would need to be high enough to support sufficiently just enough to complete the infra projects…

[Rafe]

They can have a “Bond Treaty”… get countries to bank in American Treasuries/Bonds and collect interest which can be used to finance infrastructure projects. The USA was tricked into giving USAID to fund various projects which were only concepts on paper but which were intentionally not done… However, if they misappropriate that interest from treasuries to flood the mainland like they did by misappropriating the USAID money then well… it goes under confiscation by the DEA…

[Belgrade Bobby]

DAX – GER30

High of 21.945 repeated today – now it is a race with time for DAX.

If it doesn’t make it above 22K and stay above it in the same day, Correction is on the cards.

Support is at 21.700 and 21.300 further on.

[GVI Forex 2]

GBPUSD 1 HOUR CHART – Key levels cited

Downside at risk as long as it trades below 1.2422

On the downside, 1.2360 is the key support… void below it

[GVI Forex 2]

EURUSD 1 HOUR CHART – Key level cited

Downside at risk as long as it trades below 1.0339 (worked nicely today)

1.0298 blocks the 1.0269 low.

Intra-day there is a double bottom at 1.0304.

[Mtl JP]

brother jerome yaks tuesday at 10nyt

[Mtl JP]

EURO 1.0312
puppy looks asleep … languishing currently

Usually I d be biased. atm I am indifferent.
Sup1.02850; Res 1.0350

[GVI Forex 2]

It feels like one of those Monday’s where the ranges for the day are likely set waiting for details on the steel and aluminum tariffs.

[Mtl JP]

DLRx 108.10 Dlr not exactly rallying enthusiastically.
One could think most of those wanting to load DLRs have done so.

11:00nyt : NY Fed 1-Yr Inflation Expectations

[GVI Forex 2]

AUDUSD… up marginally on the day, perhaps becaue Trump was asked to exempt steel tariffs for imports from Australia

[Belgrade Bobby]

BTCUSD Daily

Supports: 94.700, 91.200 & 88.900

Resistances: 98.400, 100.250 & 102.600

Bitcoin needs a decisive break of 100K and to stay above 98.200 afterwards to be able to continue Up.

Lots of it depends now on fundamentals / data / news, but it is starting to look good for another rally.

[GVI Forex 2]

This video is being posted as a proof of concept.

The Amazing Trader

Global Traders Association (GTA)

[Belgrade Bobby]

EURUSD Daily

Supports: 1.02800, 1.02100 & 1.01800

Resistances: 1.03500, 1.03800 & 1.04100

As long as EUR holds below 1.03100 probability is growing for next leg down and attack at 1.01800

I might be boring with this support at 1.01800, but if taken out there is an abyss waiting – with next bus stop at around 0.99400.

Do not underestimate break of Parity – it might be quite an interesting development 😀

Only close tonight above 1.03500 would change this current situation.

[Belgrade Bobby]

Hi Edikan 😀

You read it right – it is exactly what I meant.

As for becoming a billionaire , I have never had that Go at the first place, but I guess that I was on the right road back in the beginning of 2000 .

Also, there is a limit on the size of the positions set up by your broker ( believe me – I know )

This is another issue  I can see many have – thinking way too big . And that is going against one of the main rules of this game : never be greedy.

I quit trading big, late 2008 , and spent my time in mainly doing research.

Just in last two years I started trading again constantly ( even my doctors are not happy with it ) checking in real time and real money all that I had figured out .

I understand your disbelief , but you have also to understand my stance – I am selling nothing, so I really don’t have to prove anything  ( however, several days ago I had an urge to show you how it really looks like after our small discussion here – took pics as well, but decided not to go public at the end  😀 – so don’t waste your time with it

All that is of no importance – what is important is to understand how all of it works.

Be aware that we are talking here hypothetically – apply all said on your own positions…

–          Big time frames – Big losses – stops are at minimum 50 pips ( just talking out of my head now )

–          You can hit the right direction and still be kicked out if your stop was not big enough

–          Feeling of loss can be disastrous – losing at once tens of thousands of dollars is never good for psyche

–           Being locked in a position for days and weeks sometimes ( you have no life – only forex)

–          Same patterns and formations are happening on any time frame

–          So I quit on it long ago…

The above is just my short explanation why I chose smaller time frames, but I am not saying that everyone now has to go that way – it is on every single one of us to find his/her appropriate time frame, system, strategy….

To explain Formations/Patterns – I am never talking about those widely known from different books and theories – I am talking about those that I have figured out myself – and I will never reveal it all – it is my life’s work and only ones privy to it are my daughters – even they are not interested even a bit…

Bots, data, news…I don’t care a little bit about all those…I just watch not to be in the position while it happens.

Try to open your mind a bit more and go beyond “facts”, established trading knowledge , rules that some other people established as Dogma – there is no Forex Trading Bible – and never will be as market is a Liquid Chaos ( some academics tried to apply even theory of chaos from quantum physics and it didn’t work – killed a well known Fund by it ) .

Only way to take on it is constant watch, adjusting to every move it makes, re-adjusting after every single change …..lots of work…full time job and then some.

I will share all that I think is valuable , short of giving my systems away….

P.S. Just to get an idea – one of the simplest system that I have developed , based on just one simple pattern has over 85% probability , with almost 20 years of data testing and real time trading 😀

[GVI Forex 2]

USDCAD  4 HOUR CHART – MIND THE GAP

The outlier today as the only currency where its opening week gap is still open.

High today is 1.4376-79 but chart still shows 1.4366 so make the zone 1.4365-80.

On the downside, my long standing bottom of the range remains at 1.4261, which contains any move down unless broken. .

 

[GVI Forex 2]

Today is a classic example of it’s the reaction to news, not the news itself that matters.”

[GVI Forex 2]

NEWSQUAWK US OPEN

Trump to announce 25% aluminium and steel tariffs; stocks gain and XAU makes a fresh ATH

Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

US President Trump said he will announce 25% tariffs on all steel and aluminium coming into the US on Monday and unveil reciprocal tariffs on Tuesday or Wednesday which will go into effect almost immediately.

Stocks hold a positive bias despite tariff updates from Trump; NQ outperforms, whilst US steel names surge.

USD is mixed vs. peers as tariff updates dominate newsflow; JPY underperforms.

USTs are flat, Bunds are a touch higher as tariff threat concerns weighs on the EZ outlook.

Gold makes a fresh ATH above USD 2,900/oz on tariff woes, crude sits at session highs.

Try Newsquawk for 7 Days Free

[GVI Forex 2]

(Reuters) – A look at the day ahead in U.S. and global markets by Amanda Cooper.

Another week brings another round of tariff surprises from U.S. President Donald Trump. This time, it’s a 25% duty on all U.S. imports of steel and aluminium on top of any existing tariffs.

Investors are selling off shares in major steelmakers, but so far this has been orderly and price moves have been fairly contained. Tariffs have become part and parcel of the “Trump 2.0” operating manual and although they carry the risk of igniting volatility, the market has become a little less hypersensitive to each individual headline.

Morning Bid: Tariff pains? Dr Copper will see you now

[Author]

Posts