[Belgrade Bobby]

Regarding GVI posting earlier – BTC – are you holding to something …

 

Cryptocurrency CFDs
Facts
1:200 Leverage MetaTrader4/MT5
1:5 Leverage cTrader and TradingView
Trade the market 7 days a week
Long or short
FSA regulated

And the spread is…WTF….I can’t even count this…

[Mtl JP]

SF – most, but not all, newbies (I d say the sub 35-ish year crowd) who come to trade FX or crypto are lazy looking for an easy/ier way to make moolah.

Think I am wrong ?

[SF Monedge]

Jp – I am sure you are being kind

[Mtl JP]

SF 4:44pm / I’m anti-work but pro-paycheck
d’u see my dilemma ?

[GVI Forex 2]

EURUSD 4 Hour Chart

Note how EURUSD lost its bid and failed to hold 1.09 after its crosses turned down

1.0867 is close but yet to be tested

US yields moving up as noted earlier

I heard only 50% now expect a June rate cut by the Fed

[Belgrade Bobby]

EURUSD – nice break through that stubborn support – allow for 1.08650 –  bellow all doors are open 😀

[SF Monedge]

I called Jay at night, he helped in such a human way…GVI is strong yet sensitive.

[SF Monedge]

Nothing? Lol … ok banks work on big figures 1000 / 50 and that’s it, because they are hoping to do a good job running a ton of money.  So key figures apply.  A lot of people told me that and that Italian boy did not listen for a while…it is very simple.  I asked Jay one night after trying to trade 24/7 “why does it go that way” … Jay said “it just does.”

[SF Monedge]

Jay, I almost threw #’s out…come on guys throw out some numbers so I don’t embarrass us lol.

[GVI Forex 2]

BTC 4 HOIUR Chart

I heard earlier that a bank forecast BTC will hit 150,000 by the end of this year and 250,000 next year (I am only the messenger).

I am just passing it on but with forecasts like this, it will reinforce the buy-and-hold crowd unless they get forced out.

For treading levels just use magic levels like 60,000-65-000-70-000-75,000
‘
If someone knows the leverage that brokers allow on BTC, please post it.

[SF Monedge]

Thank you doctor lol….we scare people, but we tell the truth

[Belgrade Bobby]

Monedge, I never use indicators to trade per se – might check them out, but only go with the flow – so patterns within given trend.

As simple as possible – so Concur doctor 😀

[SF Monedge]

I have colleagues with a firm who trade futures.  They confirm whether Buyers or Sellers control any particular market at any given time, then trade alongside that dominant group.  They almost never miss.  If you are curious just email Jay and I will be pleased to speak with you.  Spot and futures tend to work in tandem.

[SF Monedge]

If you paid attention to my post on Chf ending the week I gave figures for Monday 3 days in advance, that missed by 2 pips.  I learned simplicity.  No extravagant indicators.  I reverse engineered every indicator.  A floor trader (Ronald Carr) tought me to use pivots.  But you calculate 3 days back, not one day.

[Mtl JP]

USDCHF 8856
–
punching through Pivot R1
10-yr 4.326 likely a helper

[SF Monedge]

JP – you always have levity with me.  Always.  I called out a few youtubers and we went to battle.  I learned a few things.  They lost the war though, they had no idea.  A few were humble, a few were arrogant.  I am told I am the only CTA to score 100% in regulation and 99% in market knowledge.  Missed by two points the first time, nailed it the second.  I am not a god student.  A fighter.  When you are testing you are in a locked room with security guards and cameras, no chance of cheat sheets lol.  You were in a private plane to get there and your head is hitting the ceiling literally, a Nam pilot lol.   However, I lack common sense sometimes.  Important to acknowledge that lol.

[SF Monedge]

JP – I caught that.  I may keep my trap shut for a few hours, I see a pattern Bobby pointed out and Knez, I need to see more.  That kid could easily become arrogant with success and that is precisely when you are setting yourself up.  Risk management is an idea.

[Mtl JP]

SF 07:40pm / can I permit myself bit of levity ?
–
How things change eh: so you were good CTA but now there’s a 10yr old kid on Youtube doing it better

[Mtl JP]

EURO 1.0890
–
puppy looks asleep here above 1.0875 and 1.0850 Sup
Res at 1.09

My current relatiuonship with this puppy is ambivalence.

[Mtl JP]

nothing worthy of attention on deck so …

10-yr 4.316 is pretty flat
for yield (and the dlr) to go up some more would probably need to see some more inspiring data, which atm, looks unlikely.
And IF jerome comes out with optimistic and dovish yikyak, yield will likely pull back fairly rapidly.
No not likely: highly likely.

[Mtl JP]

augustin says
If … i.e. maybe. speculative opinion, no guarantee
–
Fed and other banks to make ‘major progress’ on rates this year, BIS chief says – cnbc
– The Federal Reserve and European Central Bank look poised to make “major progress” in cutting interest rates this year, says the central bank of central banks.

Agustín Carstens, general manager of the Bank for International Settlements, told CNBC on Monday that major central banks had so far made “very impressive advances” in lowering inflation and suggested that they could soon shift toward a looser monetary policy stance.

“If everything goes fine, I think that, certainly this year, we will see major progress, especially toward the second part of the year,” Carstens told Annette Weisbach

[GVI Forex 2]

Click on the following for my 60 second video

Using Crosses to Trade Spot FX

[Belgrade Knez]

Bobby, seems we don’t understand each other …… but never mind, nothing important to waste time on

[Belgrade Bobby]

Knez, get a charting system that is connected to ECN – so no brokers feed

[Belgrade Knez]

Bobby, I don’t say something wrong with the data feed but different no. of 4h candles gives different chart look as different broker have different start of the week ….. some even have Sunday daily candle that last few hours only. Hence those brokers have first 4h candle of the week that last less than 4h until Sunday/Monday midnight

[GVI Forex 2]

EURGBP 15-Minute Chart — Using Crosses to Trade SPOTFX

Notice how EURGBP’s failure to hold above .8560 (cited earlier) has seen it back off (see falling blue AT lines) has coincided with EURUSD losing its bid above 1.09 (last 1.0892).

I call this using crosses to trade spotFX 101.

[Belgrade Bobby]

Knez, my charts are coming from ECN – so most accurate data

[Belgrade Knez]

Bobby 1:18 pm

I am not fan of 4h chart as different brokers have different 4h chart

[GVI Forex 2]

US500 15 MInute Chart – rISK oN

When looking at CFDs, different brokers can have different pricing for the same symbol, which makes it hard toi identify specific chart points.

However, charts should look similar, although actual price levels may differ.

In this US500 chart, note how red AT lines dominate, indicating the risk on the upside.

The sharp move-up today has so far passed just below a key resistance line.

Stocks have so far ignored a tick uo in US yields nit the dollar seems to be getting a mild lift from it.

[Belgrade Bobby]

EURUSD 4 H

Without getting into Res & Sups now, problem with this picture is that the Trend line bellow was violated, but they NEVER closed bellow it. I don’t want to be a devil’s advocate here, just pay attention to it. Might mean nothing, but at the end looking at past performance one would always say : of yes, they have never closed below the trend line…it was obvious…

So, as long as the Support stays intact, be very  very careful.

[Author]

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