[Mtl JP]

DLRCHF 9095-ish
–
technically this is potentially next directionally determining price level
when it broke down the r-shoulder of the H&S formation on may 3rd (ref hrly chart) and now back to it.

Break-out N would signal that players have shifted their trading theme as suggested by neel k. Good idea to check odds (and pricing) of frequency and date expectations for FED’s inflation fighting action(s)

[Mtl JP]

US 10-YR 4.516% +0.033 LAST | 4:03:32 AM EDT
on the uP …
–
just as I suspected glancing at DLRCHF

maybe kashkari’s earlier yikyak about higher for longer got some concideration but only some

I think the FED has painted itself into a corner by leading players into lower at some point soon — wishful thinking.

[GVI Forex 2]

GBPUSD 4-HOUR CHART – WAITING FOR BOE

The market is expecting a dovish tilt so the surprise would be if the BOE is less dovish.

On this chart 1.2466 on the downside, the trendline and 1.2594 on the upside are levels to watch (major support is not until 1.2298.

But toss technical levels out the door and focus on 1.25 as that will dictate the tone post-BOE

[GVI Forex 2]

THE NEXT KEY EVENT IS THE BOE MEETING ON THURSDAY. BE PREPARED BY SEEING THE FULL PREVIEW AND ANALYSIS.

Newsquawk.com Week Ahead 6th-10th May: Highlights include RBA, BoE, BoJ SOO, ECB Minutes, UK GDP and Canada jobs

Newsquawk.com Week Ahead 6th-10th May: Highlights include RBA, BoE, BoJ SOO, ECB Minutes, UK GDP and Canada jobs

[Mtl JP]

A Trade Secret – slowly beeing revealed
pssstt
–
if you want to learn about slow econ data week
DLRCHF (on 15 and/ or 5 min charts) is telling a great tale how to trade price range

and then one fine moment something will come in to disturb the price wavelets and priceaction breaks out.

[michael Calif]

… on daily charts, mid-March BTC highs are a TOP, per Option Profile

[michael Calif]

agree Bobby, Option Profile shows no low in sight yet from the mid-March highs  …

[Belgrade Bobby]

BTC Daily

Looks like a correction to me….

[SF Monedge]

Jay – 10yr is at 4.46+ with a flat curve (mis-typed, working fast), curve is at 3.51 a year ago,, it means the curve is a higher but bit flat right now.  2yr curve is declining at 4.84 from 3.99 a year ago.  So near term yields (especially monthly) are declining, the 10 is flat, the 15-20-30 are all moving up.  So the market is pricing in higher yields further out, with a stagnant mid-term, and a declining near term.  If I got it right.

[GVI Forex 2]

Monedge, can you explain what you mean by

3.51 on the yield curves.

[GVI Forex 2]

JP, nice setup but one of those days.

[SF Monedge]

Since its slow:

Just a note  – The 6month yield is essentially flat at 5.06% and the 10yr is essentially flat at 3.51 on the yield curves.  The only ones with a positive curve are the 15yr, the 20 yr, and the 30yr if I am reading the numbers correctly.  I would love to hear from some of the viewers out there who never comment about what they think of that.

[Mtl JP]

cook yaks at bottom of hour
– on “financial stability”

[Mtl JP]

any one notice … David Zervos, Jefferies chief market strategist:
“Blame traders living in rate cut la-la land — not the Fed — for recent market turbulence”

blame ?! why BLAME … instead of thanks ?
and who the heck is jeffries – the privilleged baby – to be unhappy about market turbulance ?

[Mtl JP]

dlrchf 9078
POOF !
someone does not like my swarm idea
or yellen’s gluttony ?

[Mtl JP]

thks Jay !

and be nice plz, throw a long billion at my trade to help get to the trgt \!

would that not be nice to get some swarm-trading by retail going eh ?

[GVI Forex 2]

USDCHF 5-MINUTE CHART – CHOICE OF TIME FRAMES

I like to look at whatever time frame chart is tracking a market the best, especially when there is a trend.

Today I have found using 5-minute AT charts to identify changes in direction in what has been a range day since I came in

So here is one for you JP, which indicates a potential directional shift with the target at ..9088.

Reminder this is a 5 minute chart and directional shift patterns are better seen on 15 and 30-minute charts. but 5 minute has been working today.

[Mtl JP]

Trade Idea // DLRCHF
note: you are big boy / girl: risk control is your responsability
–
Current 9074
could be a buy here or on approach close still to 9062
SL … see big boy girl note above

[GVI Forex 2]

This is a very timely article as USDJPY trades higher and the BoJ lurks

A Warning for Forex Traders; Don’t Count on a Central Bank to Protect Your Trade

A Warning for Forex Traders; Don’t Count on a Central Bank to Protect Your Trade

[Mtl JP]

DLRchf 9077

a moment here so well sang about in the lyrics of Steve Perry from the band Journey – “Some will win, some will lose, some are born to sing the blues”

[GVI Forex 2]

EURUSD last at 1.0750 – Zero sum game day for this pair and commodity currencies are still recovering,

Waiting for US 10-year auction results

Waiting even longer for the BOE decision

[Mtl JP]

DLRCHF 9079
making a threat here

probably an opportunity for the 5pip trgt crowd

[SF Monedge]

Shares are being modestly bought.  Euro is behaving modestly sold.  Volume in stocks is negative.  Euro is going with the volume.

[Mtl JP]

US 10-YR 4.486 +0.025

still laughing ? I suspect janet is. “all the way to the bank” as per old saw

[michael Calif]

Option Profile is slanted to SELL all sizeable rallies, possibly until mid-July

[GVI Forex 2]

XAUUSD 5 MINUTE CHART – MID RANGE?

I was just asked if XAUUSD was a sell. First, I do not trade it so I can only speak from what I see on charts.
‘
If you scroLL down to my post on XAUUSD, I cited the range at 2300-2332. ‘

So ask yourself whether you want to sell mid-range with the low likely in for the day unless it is just a scalp short against the blue AT lines. ..

[GVI Forex 2]

AUDUSD 5 MINUTE CHART – AT LADDER PATTERN

AUDUSD bouncing off its low as commodity currencies get a lift.

I am using this 5-minute chart to show how The Amazing Trader works with all instruments in all time frames.

We prefer using 15 or 30-minute charts for directional indicator patterns but in a quiet day like today, the 5-minute gave an early sign of a potential change in direction (as long as the low stayed intact).

Note the rising red lines are called an AT Ladder pattern.

Visit The Amazing Trader

[Mtl JP]

DLRx 105.40
right on Resistance

puppy seems to be trading selectively amongst its components but as a whole instrument currently has little steam in the vatt to push it higher.

altho the grander scheme of things it is the euro that will – when it happens – see a cut first . In the meantime it ll probably need see a move up in yields to get some live.

three fed yakkers on deck still to yak and janet’s dept at
13:00 peddles off 42 billion of 10-yr paper

[GVI Forex 2]

US500 BOUNCES OFF ITS LOW

Visit The Amazing Trader

[michael Calif]

if it helps, Option Profile in Gold futures remains SELLER controlled from the TOP above 2400, possibly until mid-July

[Author]

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