Mtl JP 23:20 GMT June 5, 2020
EUR/USD
the 96.50 support line
Minneapolis DRS2 23:18 GMT June 5, 2020
EUR/USD
There are two yellow lines on the chart...are you referring to the angled line, or the 96.50 support line?
Mtl JP 23:12 GMT June 5, 2020
EUR/USD
In 147 words
With EURO at the ~1.13 level (1.1285 as I type) and dreams of 1.08 convincingly POOF!,
a good topic to ponder is how to tell if a puppy is merely corrective OR if it indeed has turned.
A puppy of interest for me is the DLR, something I ve been highlighting for a while now.
reasons:
- is cruising down for a fair bit of time now
- is being subjected to both monetary as well as fiscal nega-influences
with the FED promising to be around to arrogantly meddle unchallenged, fundamentally, I am tilting to think the pupp should have further to run.
Technically, my trading guide is the yellow priceline on the chart w/ conciderations for:
- rebounds from it are they corrective or has the pupp turned
- at what price point breaking below can it be considered "sustained" and so promising a run lower.
dc CB 21:03 GMT June 5, 2020
comedy time
Reply
this week's lesson.
the more you 'protest' (loot, burn, rob)
The Richer We GET.
Who said that?
dc CB 18:13 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
10 to 15 Percent� of Americans Are �Not Very Good People�"
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Antifa brutally assaulted Ngo in the spring of 2019; they have also doxed him, attempted to break into his family's home, and spread rumours about him on social media.
Ngo was violently attacked in 2019 by a mob of members, which resulted in him having a torn earlobe and brain bleed.
Andy Ngo launches lawsuit against Antifa group, individuals involved in assaulting him
Mtl JP 17:15 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
Beyond just a reminder, not meaningful trade-wise and with no guarantee of any kind, I recall the last minute / few seconds of trading ~10 pt recent rocket.
PAR 16:37 GMT June 5, 2020
Macron vs Merkel
Reply
France gave a loan to Air France.
French taxpayers don't benefit from the recovery, shareholders are.
GERMANY took equity in Lufthansa.
German taxpayers are already benefitting from the recovery as are shareholders.
london red 15:41 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
yes kevin, stops abv that have been run. mkt badly positioned for usd weakness hence the outperformance. euro wont go down tho, just will lag while us10 yield moving higher. key on de10 is -0.15 a break there really moves euro and focuses on zero yield. that would be a big deal for euro although not much help for eurozone economy.
PAR 14:30 GMT June 5, 2020
ECB LAGARDE PONZI MAFIA
Reply
Probably the ECB's economic models are completely wrong and Europe is looking to a vigorous economic recovery.
A kind of revisiting Hydrochloroquine studies.
HK Kevin 14:01 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
london red 13:53 GMT, I noticed a trendline linking the lows of 8 Nov 2019 and 28 Feb 2020, now at 1.2695. Do u find it a significant resitance for GBP/USD?
Paris ib 14:01 GMT June 5, 2020
Trump Wins Another Term
It doesn't worry me either way. Though I think he's the better candidate. We'll see in November. 4 months to change the odds. You have to say 2020 has been so weird who knows where we go with this. But in the absence of another major event... I'm good with that idea.
Paris ib 13:56 GMT June 5, 2020
Trump Wins Another Term
Reply
The press will puke but I can see no reason Trump won't cruise through. Biden is a non-starter. A strong rebound and a rejection of anarchist policies and there you go. Are the Democrats even trying? Sometimes I wonder about their shoot yourself in the foot and blame everybody else strategy. Are they really so clueless? Roll on 2020
london red 13:53 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
mkt is long euros and short sterling. when data surprises, the side most "wrong" swings back the most. brexit talks didnt go well but rising yields will today take precendence. nxt wk sterling can be rallies can be faded. june 30th is cut off date for transition period extension (currently ends dec 31st this year)
london red 13:06 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
snp 3172/82 break eventually leads to 3260/75
and finally 3328 (gap) but not today
they may let mom and pop in on open pullback some and go back up.
london red 13:02 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
they may do a "better to travel than arrive" for some of those stocks that led the rally so far but the banks should hold and add to gains by the close imo
Mtl JP 13:02 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
EURO 1.1295
-
Currently somewhat confused about gunning for 1.14
1.13 should ... be ... Support
otherwise 1.1250 becons, possibly lower rrrrr
current Res is at HoD's 1.1385
london red 13:01 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
break abv 0.80 yest showed u the way...dont forget numbers are known by some officials since wednesday...
dc CB 12:43 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
Circuit-Breaker Triggered As Treasury Yields Spike Above CTA Liquidation "Red Line"
...this break above 84bps means trend-followers are likely becoming forced sellers and creating a self-perpetuating surge in yields...
ZEROHEDGE
AT Trader john 12:39 GMT June 5, 2020
BREAKING NEWS
Reply
U.S. Employment May, 2020
ALERT
NFP Jobs: 2509K vs. -8mln exp. vs. -20.5 (r ) prev.
Rate: 13.3% vs. 19.0% exp. vs. 14.70% prev.
Avg earnings: -1.00% vs. +1.00% exp. vs. +4.70% prev.
BLS: Employment Situation Summary
london red 11:41 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
eu UK talks no much progress according to both sides. normally this is bearish gbp but usd theme may overtake today. nfp may beat and see euro and cable weakness. buying 113 and 126 or below may yield results into the close with new highs for both.
Israel MacroMicro 10:58 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
thanks for your opinion wfak
1.1300-1.1380 US session range in case trend not to change or accelerate. I think so
Amman wfakhoury 10:49 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
Ahmed
WTI into buy mood ..any decline below 37.5 will return to it.
Buy and add buy if decline.
Mtl JP 10:31 GMT June 5, 2020
EUR/USD
EURO 1.1319
-
some s/t parametrique orientation price-point lines
fwiw
Israel MacroMicro 10:17 GMT June 5, 2020
JPY
did not allow fear to rule me and SOLD the SPIKE
let's see where the market to take us 3-4 sessions from now.
Israel MacroMicro 10:14 GMT June 5, 2020
EUR/USD
great conversation!
for myself the most "difficult" phase was to realise which kind of stop is liveable for my mindset.
I approach stops/limits more as temporary pause level for being exposed to risk/reward (=open trade is running risk/reward no matter the time frame)
my two cents
AT Trader john 10:05 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
Friday
DJ: 26,261 +287
SP: 3,110.4 +23.6
2-yr 0.206% +1.2 bps
Spread 10s-2s +64.9 bps (+55.88bps)
10-yr
US: 0.855% +3.5
UK: 0.324% +1.7
DE: -0.309% +1.5
EURUSD MACRO TREND: HIGHER
Spots (Pivot Point prev day)
EURUSD 1.1333 (1.1305)
GBPUSD 1.2630 (1.2586)
EURGBP 0.8974 (0.8977)
USDJPY 109.22 (108.97)
This Week 1.1384-1.1101 (283 pips)
fri: 1.1384-1.1317 (64)
thu: 1.1362-1.1195 (167)
wed: 1.1250-1.1167 (88)
tue: 1.1250-1.1115 (81)
mon: 1.1153-1.1101 (52)
Sign up now for your invaluable report
How To Turn Your Forex Trading Into A Business
20-day avg: 1.0958
50-day avg: 1.0915
100-day avg: 1.0956
200-day avg: 1.1010
Global-View Daily Trading Chart Points
Amman wfakhoury 09:59 GMT June 5, 2020
EURUSD 11215
Reply
EURUSD into sell mood
will return to 11260 and 11215 unless it closed above 11385 and keeps above it
now 11335
The only one in the world who confirms the next level and every hour movement
GVI Forex 09:49 GMT June 5, 2020
EUR/USD
It is easier said than done as the tendency of many is to take profits too soon and let losses run in the hope the market moves back your way. This is why you need to take the emotion out of trading.
I don't want to use the opportunity to plug our program, but as DRS2 pointed out,
If you are an AT user, you can use Jay's ladder strategy to determine when to step off the ladder, because the probable stops appear on the screen.
Free AT Ladder Strategy Lesson
AT Trader john 09:42 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium
Fri 5 June 2019
AA 13:30 US/CA- Employment
HK Kevin 08:56 GMT June 5, 2020
EUR/USD
"Cut the losers fast, and let the winners run." Well said, and to supplement, identidy your t/p and s/l before entering a trade and review regularly whoever u are intraday, swing trade or position trader.
Minneapolis DRS2 07:37 GMT June 5, 2020
EUR/USD
Reply
I'm JAFO due to an extended outage, so I have no open positions. However, given EUR/USD price patterns in recent memory, I'm not about to let that stop me from making a comment or two now that I'm back at my desk.
EUR/USD basically runs in one direction or the other until exhaustion. You must be wary of calls saying things like "support", "resistance", or price targets, or whatever, because they imply that there are huge masses of buyers or sellers at various price points. While that is "technically" (punny) true, the price action gives the impression that positions are squeezed until they can be squeezed no more. Stops are tripped until there are no more stops. Remember that a lot of trading is done by algos these days, and that is their primary purpose.
What does that mean for the trader? "Cut the losers fast, and let the winners run." This is especially true right now for those who are buying. You may find that price runs a LOT farther than the 1490 targets that are being quoted around here. If you are an AT user, you can use Jay's ladder strategy to determine when to step off the ladder, because the probable stops appear on the screen.
To a trader, there is nothing more maddening than cutting or reversing a profitable position and then find yourself taking losses. With proper technique, it doesn't have to be this way.
london red 07:21 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
cable key res by 12675/95. stops over there but mkt still short. not as much as a week ago but still way off euro positioning which is decidedly long now.
huge aug 11750 call picked up today, someone is bullish
PAR 06:59 GMT June 5, 2020
FRANCE
Reply
Bruno Le Maire.
I will not tax the French people. I will not tax the French rich.
I want European solidarity.
ECB explodes the stock markets which creates billions for the French rich .
This is not taxed.
MR. Dupont works all day. Makes 100 � and pays 50� in taxes in social security.
What is wrong with Macron & Co.
Mtl JP 06:48 GMT June 5, 2020
Friday Amazing Trader 5 June 2020
by convention market estimates that
48 million unemplyed murrikans = 20% rate
a bigger released number would, you expect,
ellicit what sort of market reaction ?
haifa ac 05:21 GMT June 5, 2020
End of Corona?! look at the graphs
Reply
https://www.worldometers.info/coronavirus/country/brazil
all curves are accelerating.
Brazil 1492 deaths a day.
India too.
Total number of new cases 130000 yesterday.
Perhaps the markets like dead people.
haifa ac 05:04 GMT June 5, 2020
UnEmp.
Reply
"Washington (AFP) - Even as the world's largest economy begins to reopen, the scale of the job losses in May will be devastating, and economists fear it will take many months to recover.
More than 21 million jobs disappeared in March and April as the unemployment rate surged to nearly 15 percent, but the damage continued in May and the government data to be released Friday is expected to show another 8.5 million positions eliminated."
https://news.yahoo.com/us-likely-suffered-heartbreaking-unemployment-may-014454555.html
we shall see.
dc CB 02:44 GMT June 5, 2020
Quad Witching sponsored by...
Reply
Jeffrey Tucker via The American Institute for Economic Research,
"Coronavirus hasn�t been a thing since Friday,� said a friend.
�The new story is racism.�
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NEXT !!!!!! waiting...time is short..the next next crisis May bump you off the sched...What Is Your Crisis? now plz We Need your SCRIPT----the SoundStage is just about to become free....we have it reserved.
SCRIPT Please.
2005
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