Mtl JP 20:49 GMT June 27, 2018
Thursday Trading Checklist 28 June 2018
SnP
2699 = double bottom AND Gap still there
the speed of the dump would indicate lack of conviction for uP
iews welcome - tia
GVI 20:06 GMT June 27, 2018
BREAKING NEWS:
Bank of Canada's (BOC) Poloz: May shift in language represented increased confidence that the economy was performing as we expected and that higher interest rates will be warranted
- Financial markets understood our message from May
- As we approach our next interest rate decision, we are working to incorporate in our projections the effects of the recently announced US steel and aluminum tariffs, along with retaliatory measures, both in Canada and globally
- Uncertain how sensitive the economy is to higher rates given household debt accumulation
- Bank is particularly data-dependent right now. Providing routine forward guidance in such a setting would not, in my view, enhance our credibility. Rather, it would put it at risk. Q&A: trade risk is the biggest we face and it's one thing that keeps us up at night
- Economy is operating close to its potential
- Uncertainty around NAFTA is coming at a critical moment in business cycle, when consumer/business investment should swap out
- This is why CAD is a bit soft; it's a symptom of that sort of investment sentiment and trade uncertainty
- Better debt quality is lessening vulnerabilities
- Source TradeTheNews.com
Livingston nh 19:40 GMT June 27, 2018
Election 2018 US.
This is silly - I can't explain how stupid this is -- the Great UNWASHED always PREVAILS
Mtl JP 19:39 GMT June 27, 2018
Election 2018 US.
agenda: somebody is long body bag manufacturers
london red 19:38 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
eurgbp unable to beat prev high nor close abv 200dma thus far, looks like building another top, but eu summit close by and that will trigger the swing up or dwn from this key area where we currently reside
Mtl JP 19:37 GMT June 27, 2018
Election 2018 US.
not exactly
...31% of Likely U.S. Voters say...
big diff from "31% Think"
agenda ?
london red 19:35 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
11448 is 50% of move from 103/126, a tgt once barrier taken at 115. further sup by 11350 a mt channel line. 30month ma by 11376. nearby res at 11575/90 11623/50
Livingston nh 19:35 GMT June 27, 2018
Election 2018 US.
Folks don't tihnk like this because it's stupid - sheep are not predators /// they don't care
london red 19:30 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
cable key wkly sup by 131/13125. break belows sees 100wkma and 21month ma in play c. 13060/65. broken channel on mt charts by 12740/50, a tgt on a wkly close below 130. 13310 neutralises downside.
Livingston nh 19:03 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
Cable and EUR are an anchor tied - EU is fighting Brexit AND THE POLISH HUNGARIAN UPHEAVAL - UNDERSTAND THESE FOLKS HAVE NOT THE OTTOMANS
london red 18:53 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
i have 11350-11450. thats surely a tgt for nxt few days now that close under 11575 today is sure. only wkly close abv 11575 can pull a rabbit out for bulls. its eu summit time so its poss but clear we need to go dwn first whatever might happen after that.
Mtl JP 18:25 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
JM well my thoughts on poloz speech are the same as always:
how do I try to make money off the c-tn
-
I prefer the dynamics of exchange rate to some prophesying on fundamentals altho I accept that the character's mind-set and understanding of its functioning could be of useful help. I do give credit to poloz as - so far at least - being one of the clearest cb communicators: not much fuzzy bank-eez.
The way I think I understand poloz is in light of current commercial trade tumult poloz has good reason to hold fire on raising rates. Also he is the character type who thinks lower cad is a good thing for exports even as lower cad plays nastily on price inflation domestically. So he is in a bit of between hard place and a rock. BUT.. that is what he is collecting a good salary for every week so no pity.
Looking at MY preferred tool is what players are saying and what may be their sentiment about the whole situation:
1) they appear almost totally uncommitted as to their earlier discounting with near certainty of a july hike.
2) that leaves - trade wise , see included chart - that at around current 1.33 near term resistance is around 1.3330 (+/- 5) and Supp is around 1.3270 +/-5 again.
Trade-wise: should puppy break out to the N I d love to tp around 1.3380/85. On the South side ... well that is differently biased I target S3:
Pivot 1.3314
Sup 1 1.3185
Sup 2 1.3196
Sup 3 1.3131 - would-be tp trgt
only because of the current low odds of optimism for a hike
-
u ... how do u prepare to try to skin some posi-pips ?
Mtl JP 17:45 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
hehe... "Bill Clinton: ‘Poison has been poured down America’s throat,’ and it’s bubbling up"
this is one character who should know about pouring poison down throat
Livingston nh 17:42 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
JP - that was the Tech transfer - secondary sanctions is where the US is vulnerable - China just made markets blink - sheep w/ teeth incroyable!
Mtl JP 17:40 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
one of the worst trading situations for an unfortunate 5min bar trader is a ying yang go stop backup go stop back up 5-15pip staircase price traffic
-
any trade views on usdyen here, ~20pips off its high ?
tia
Mtl JP 17:33 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
bully schmully ...
-
didn't anybody notice "Employing existing laws, rather than executive action, “is the best approach to protect U.S. technology,” a senior administration official said Wednesday morning, briefing reporters on the decision." ?
Livingston nh 16:52 GMT June 27, 2018
Pushback and bullies
Reply
Par - Tariffs are weak beer to fight over// your earlier point about the application of secondary sanctions is where the sheep should rally - if nobody pays attention any more then credibility is lost and a bully will play elsewhere
Of course, its usually easier to just put him on his azz looking up
Livingston nh 16:43 GMT June 27, 2018
Hmmm?
Reply
Oil's run is not triggering a response in FX or 10 yr treasury (2/10 spread 32/33) - inflation where is thy sting?
Somebody is gonna be really wrong
PAR 16:41 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
China says we'll push back and Trump gets scared.
Maybe Trudeau could say that Canada will push back ?
Like any bully Trump is only afraid of the bigger boys .
Mtl JP 16:24 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
After earlier screaming question at justin "pretty hair and sox" trudeau "justin what is your problem, justin?" President Trump holds a rally in Fargo N Dakota today at 7pm.
He ll have a good chance to heat up the US/Canada trade issue. N Dakota exports some ~$4billion to canada (=87% of its export). justin and chrysta are in some bunker allegedly scheming to affect the 61 seats (justin meddling in us elections?) as earlier justin replied: "what is going on in the USA is wrong".
N Dakota was a 64% voter pro-trump state in 2016.
london red 16:17 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
lrg 116 went off today but more 117s into end of wk. however if under 11575 likely to see quick chase down to test 115 barrier. close at/abv 11575 channel imp. we have gone dwn but not closed under channel so close below would be something new. end of wk doubles dwn on downside if under channel close but daily chart gets you in at a better level. 11350/11450 are areas for price to rebound for a spring to end wk at or abv 11575 but we will likely need to go dwn first once under 11575.
GVI Trader Jay Meisler 16:17 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
As noted earlier, 1.1595-00 was the last key level, now broken (note 1.1595 is now resistance), and below it sets 1.1575 as the next destination target. This is the level that needs to hold to keep the 1.1508 low from becoming exposed.
The Amazing Trader
Livingston nh 16:07 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
JP thanx for heads up - the Three Amigos are not trading like oil at 72 so if Poloz can "coo" a bit we could get USD/CAD to 1.34
Mtl JP 16:04 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
couple more details on poloz:
his text comes out at 15:00ET
he yaks at 15:15ET
then - as if for insurance purposes - he have a Q/A at 4:30ET
-
that is a lot of proximity with players on a yak topic titled central bank communication. maybe it is a propos.
players are currently pricing in just ~15bpts that he hikes in july
what a change from just 3-4weeks ago
Mtl JP 15:55 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
nh re your nemesis:
21:29 GMT June 24, 2018
and thinking of poloz he ll have opp to signal his bias during his yak on
June 27, 2018
Speech – Stephen S. Poloz, Governor
Greater Victoria Chamber of Commerce, Victoria, BC
15:15 (ET)
Let Me Be Clear: From Transparency to Trust and Understanding
possibly an opp to make friends by morphing nemesis to partner by a posi-trade
Livingston nh 15:54 GMT June 27, 2018
CABLE
Reply
GDP/USD testing 21 month MA, tested but did not break BUT looks like a clear path thru this time
Mtl JP 15:08 GMT June 27, 2018
BREAKING NEWS:
hehe kudlow back from his heart-attack ?
tuff bird
GVI Trader Jay Meisler 15:07 GMT June 27, 2018
BREAKING NEWS:
11:05 (US) White House Economic Adviser Kudlow: President Trump is not retreating on China - TV interview
- Source TradeTheNews.com
GVI Trader Jay Meisler 14:56 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
JP, look at the chart I posted at
GVI Trader Jay Meisler 12:44 GMT 06/27/2018 - My Profile
and how patience paid off. Same principle can be applied to any time frame.
SaaR KaL 13:37 GMT June 27, 2018
Trades
GBPCHF
1.3128 1.3072
1.3138 1.3061
1.3148 1.3051
SaaR KaL 13:33 GMT June 27, 2018
Trades
SP could short
2,730.3992 2,689.7490
2,738.5684 2,680.7855
2,746.7375 2,671.8815
anything is possible
SaaR KaL 13:14 GMT June 27, 2018
Trades
USDCAD 1.3338 1.3286
USDJPY
110.4322 109.6626
SaaR KaL 13:11 GMT June 27, 2018
Trades
Reply
Cable Range
1.3225 1.3152
EURUSD 1.1664 1.1592
Livingston nh 13:06 GMT June 27, 2018
IRAN
PAR - secondary sanctions - you are free to buy it // none of this reduces the amount of oil (fungibility)
GVI Trader Jay Meisler 12:58 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
The Amazing Trader is like a GPS system. It trading lines are like destinations on a trading map.
Here is the current targets as posted earlier on the GVI Forex Forum.
Key AT EURUSD support is at 1.1595-00. Below it is 1.1575 and then a void of key levels until the 1.1508 low.
The Amazing Trader
PAR 12:57 GMT June 27, 2018
IRAN
Reply
How can the USA forbid countries to buy oil from Iran .
There is no legal basis .
GVI Trader Jay Meisler 12:44 GMT June 27, 2018
AT Forex Trading Tips: Be Patient on News
Reply
We have found that it pays to be patient when you see a news reaction that seems overblown or illogical.
Take this latest one where EURUSD spiked higher on the Trump-China investment news.
In the old days I would sell the first spike and wait for traders to come to their senses but in the world where news algos react without thought, we find it pays to take a deep breath and use our Amazing Trader charts to find levels to trade.
The chart I posted is an example where there was a trendline and resistance level that gave a place to fade the reaction.
The Amazing Trader
Mtl JP 12:41 GMT June 27, 2018
What is Your Optimal Forex Trading Leverage
Further to LEVERAGE
-----------------------
Seeing as it is NY session and ass-u-ming some US retail FX traders present : imagine adjusting leverage on two (2) accounts by those attempting to circumvent NFA's fifo regulation ... the head-ache
kids... there is a difference between strategy and tactics.
PAR 12:36 GMT June 27, 2018
End of Quarter
Reply
Higher stocks
Higher bonds
Higher commodities
Higher US dollar
Livingston nh 12:36 GMT June 27, 2018
AT Forex Trading Tips: Merkel On the Way Out?
John - not my thot that you would // just all this trading on twits tweets press (either side) is good for market volatility but bad for market credibility
"Martians reach out to Musk for early meeting"
GVI Trader john 12:34 GMT June 27, 2018
BREAKING NEWS:
Durable Goods mixed to better after revisions.
GVI Trader john 12:31 GMT June 27, 2018
BREAKING NEWS:
Durable Goods Orders May 2018
NEWS ALERT
Headline: -0.60% vs. -1.00% exp. vs. -1.60% (r -1.00%)prev.
Ex-Trans: -0.30% vs. +0.50% exp. vs. +0.90% prev (r +1.90%).
TTN: Live News Special Offer
PAR 12:15 GMT June 27, 2018
Verbal Intervention
Reply
Over and over again . Central bankers and politicians rule the markets .
Mtl JP 11:51 GMT June 27, 2018
What is Your Optimal Forex Trading Leverage
LEVERAGE
-----------
Leverage
5:1
10:1
20:1 column
and You then adjust your leverage based on how much cash you have and your trade size.
1) It is highly unlikely that most retail accounts trade between 5 - 20:1 leverage. Default offering from most retail "bucket" shops is 100:1 leverage.
2) re "You then adjust your leverage" - exactly how do you go about making an adjustment ? What is the procedure ? Easier said than done.
I am guessing that most retail traders do not adjust their leverage even once a month let alone on a daily basis. (Something that has to be done by accessing "MyAccount" for which one needs to have their Account User and Pswrd handily available.)
3) re ..." based on how much based on how much cash you have and your trade size." is an oversimplification of the correlation between "cash and trade size"
GVI Forex Blog 10:57 GMT June 27, 2018
What is Your Optimal Forex Trading Leverage
Reply
Leverage results from using borrowed capital as a funding source when investing to expand the firm's asset base and generate returns on risk capital. Leverage is an investment sytrategy of using borrowed money — specifically, the use of various financial instruments or borrowed capital — to increase the potential return of an investment…. Investopedia
I was asked recently, “What is the optimal leverage to use
What is Your Optimal Forex Trading Leverage
GVI Trader john 09:30 GMT June 27, 2018
Election 2018 US.
For AT Trading
See the Amazing Trader Live!
GVI EURUSD MACRO Bias:
NEGATIVE-TO-NEUTRAL
Spot EURUSD: 1.1632
Pivot Point: 1.1668
This Week: 1.1622-1.1721
Wed: 1.1622-1.1672
Tue: 1.1635-1.1721
Mon: 1.1629-1.1713
Fri: 1.1601-1.1675
20-day avg: 1.1685
50-day avg: 1.1840
100-day avg: 1.2085
200-day avg: 1.1996
Global-View Daily Trading Chart Points
Fed 25bp hike odds for Sep 26: 82% (84%)
10-yr Bonds
US: 2.847% -3.1bp
DE: 0.316% -2.1bp
GB: 1.262% -3.6bp
IT: 2.890% -4.1bp
DAX: -36
Implied Open
DJ: -142
SP: -12.8
See the Amazing Trader Live!
dc CB 08:52 GMT June 27, 2018
Election 2018 US.
here we go....take out the "Trump Put" and crash o rama...the Nazi leader will be dead. Happy 4th....ooo you butholes Voted for Trump...Nazis...U deserver to lose everything.
Equal Free Billons on Both Sides...the battle of the Billies...peons please stand down...so Sorry if U'all still got money stuck in this Civil WAR.
SaaR KaL 07:36 GMT June 27, 2018
Trades
Buying Sp500
Short Above Long Below
2,719.3221 2,713.3852
till 2700
TGT 2725
dc CB 07:26 GMT June 27, 2018
Election 2018 US.
The next Gov of the State of NY (tues was primary day in may US states)
Cynthia Nixon - Wikipedia
Cynthia Ellen Nixon (born April 9, 1966) is an American actress, activist, and gubernatorial candidate in the State of New York. She is known for her portrayal of Miranda Hobbes in the HBO series Sex and the City (1998-2004), for which she won the 2004 Primetime Emmy Award for Outstanding Supporting Actress in a Comedy Series.
OH Please don't (chart)
Vote for Her or we'll...well you know
Amman wfakhoury 07:14 GMT June 27, 2018
EURUSD
Reply
EURUSD movement 70-90 pips
SaaR KaL 06:28 GMT June 27, 2018
Trades
Reply
will shorts Oil above these levels to 71.55
Short Above Long Below
70.3381 70.0526
Might see 63 next week
SaaR KaL 06:11 GMT June 27, 2018
EURUSD Bullish today
Reply
Short Above Long Below
1.1687 1.1675
1.639 IMO is today's low
will short it near 1.1720 to 1.1740
Singapore SGFXTrader 04:00 GMT June 27, 2018
Long Eurusd for 1.1690
Reply
Buy EURUSD
Entry: 1.1650 Target: 1.1690 Stop: 1.1630
Day trade - Long Eurusd for 1.1690
Eurusd FX Options for today:
EUR amounts
1.1560 771m
1.1565 1.1bn
1.1570 593m
1.1585 772m
1.1600 2.4bn
1.1625 3.3bn
1.1650 1.6bn
1.1675 696m
1.1690 2.0bn
1.1755 590m
dc CB 03:00 GMT June 27, 2018
Election 2018 US.
once Upon a Time in America
Cassius??? wtf is Cassius. Cassius Clay????
Brutus? Yeh that guy from the Popeye cartoons.
70% of US College Students responded as above. CNN/MSNBC Poll
6/23/18 ( LMASO) FakeNUZ or the now banned Harvard Lampoon?
Good night and Good Luck
dc CB 02:39 GMT June 27, 2018
Wednesday Trading Checklist 27 June 2018
GFS, the US forcasting Weather Models are suspected of being "broken" as the range out from 6 days diverges extremely from the European Models.
Reality however has never been a factor in those Managed Funds that trade with OPM, from going all in
The GFS - for Fri Thru Wed. NYcity and Central Pa
Hi Temps: 98, 100, (SAT) 107(Sun) 106(Mon) 101, 99(Wed)
dc CB 02:16 GMT June 27, 2018
Election 2018 US.
Reply
IMHO - the "soft" civil war in the US has begun. And it reaches all the way to the Top of the Executive and Legislative (2 of the 3 branches of government) in Wash DC.
Just in time for the 2018 elections.
________________________________________________________
The Department of Justice (DOJ) is refusing to release intercepted material alleging that former Attorney General Loretta Lynch conspired with the Clinton campaign in a deal to rig the Clinton email investigation, reports Paul Sperry of RealClear Investigations.
The information remains so secret that Justice Department Inspector General Michael Horowitz had to censor it from his recently released 500-plus-page report on the FBI’s investigation of Clinton, and even withhold it from Congress.
Not even members of Congress with top secret security clearance have been allowed to see the unverified accounts intercepted from presumed Russian sources in which the head of the Democratic National Committee, Debbie Wasserman Schultz, allegedly implicates the Clinton campaign and Lynch in the scheme.
DOJ Won't Release Top Secret Loretta Lynch Intercepts Suggesting Secret Deal To Rig Clinton Probe
dc CB 02:08 GMT June 27, 2018
Extra Extra Read All About It.
WH press secy Sarah Sanders Gets Secret Service Protection.
Mitch McConnell's wife is mobbed (to use Maxine Waters' vernacular) in her driveway, one veteran Washington observer warned us "this is getting out of hand."
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