Flying Dutchman

Not a truer set of words spoken Kev.

GJ has moved 150 pips today.
UP & DOWN to get there.

Getting in & out, at selected stations, I managed to grab +58p (net) of them.
One was a DD trade, the others pretty much to script.
Trade safe first folks. Then trade well.


Mr U (BoJ) is next up on the podium in about an hour
(a quarter hour after Franky open if he is on time).
I will wait now to see any market reaction before thinking of trading again.
I don't need to trade any further today. Will just see what happens.

All attractors known at days beginning
https://www.forexfactory.com/thread/...2#post15209902

But NOT direction.
That is where Trader comes in

(and remember Kev's post above)
https://www.forexfactory.com/thread/...5#post15210195

.

When the talk is "no talk" you sorta know that means the BoJ

Still, it is what it is.

Mr U's comments below
https://www.forexlive.com/centralban...look-20250409/

1. "Will take appropriate policy decision by examining domestic, overseas risks"

Then he calls a major pow-wow in about an hour or two from now (?)
https://www.forexlive.com/news/japan...-gmt-20250409/

Japan's MOF, FSA, and BOJ to hold meeting on markets at 0700 GMT

1. This usually happens when there are extraordinary events in markets and today is one of that

Wait & see (again) I guess.
I will see how London opens but little enthusiasm now for me to get back in unless they move the market price majorly (always an interest then lol)

Good fortunes to all upcoming

Wake up, open charts
Cup 'o tea shoots straight out nose

Why I keep bombarding the thread with day review charts,
Is they never cease to amaze me (one way or another lol)
Sorry, one more

tarriffs (deal done with japan), fomc, cleaning out the loaded safe haven newish sells, anything (something) else ...
wtf, who knows, it's the markets
and we are certainly in strange times globally

trade it SAFE folks, then trade well



.

A Near 550 Pip Day In The End
Just the day's full range yesterday for GJ of course (not my trading hahaa)


Pretty much going to be tricky trading now I reckon in my fave Asia,
depending on who's on the hook and who needs to unwind or increase their holdings.

I might have a lazy morning now and come back for pre-Franky (and in between) to see if they've moved price around a bit to attract some interest.
Don't be the liquidity they are looking for, needs bigger players to set the pricing stage imho.

And RED news for USD much later, a half hour after the NY Open.

Okay, the weekend is ahead & I promise (ooops) plan to reduce the incessant charts ()

It is what it is.
And we trade what we mathematically construct
or see

trade safe, trade well folks


.

From Australia ...

bye, bye (memories of summer for a while)


.

The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies,[1] often referred to as a basket of U.S. trade partners' currencies.[2] The Index goes up when the U.S. dollar gains "strength" (value) when compared to other currencies.[3]
The index is designed, maintained, and published by ICE (Intercontinental Exchange, Inc.), with the name "U.S. Dollar Index" a registered trademark.[4][5]
It is a weighted geometric mean of the dollar's value relative to following select currencies:

1. Euro (EUR), 57.6% weight
2. Japanese yen (JPY), 13.6% weight
3. Pound sterling (GBP), 11.9% weight
4. Canadian dollar (CAD), 9.1% weight
5. Swedish krona (SEK), 4.2% weight
6. Swiss franc (CHF), 3.6% weight

This is a common pattern,,,,easily recognizable and quite often the result of mmm impotent policy ?
When "The Dixie" goes down rapidly like today its truly a sign of weakness...of the US dollar of course.

I think the chart says it all......as the last trade war 2018 the good ol DIXIE went UP 12%....
Bonds are being sold off,,,Equities being sold off,,,Dollar being sold off. There is a rapid shedding
going on of US assets... Beijing being the second largest foreign holder of US debt. 800Billion (Japan#1 w/1 trillion)

In certain circumstances it may be ill advised to go to economic war against your creditors as foreign entities selling
off US debt resulting in higher US bond yields,,,cause an increase in costs for govt to pay their debts as well as companies.

Mortgage rates follow the yield on the 10 yr treasury...yields go up..mortgages go up..not a good deal.

So with yields rapidly increasing ,,,equities being sold off (pensions being hit etc),,,dollar falling... The US is in an extremely
extremely vulnerable position...The uneducated think they may hold the cards lol..but they don't...

I would not be surprised to see the US make a deal with China tomorrow...and it wont be China calling the US...It will
be the other way around.

The other scenario is QE basically the FED will start buying its own bonds to try and offset the selling and stabilize yields..

I've never seen anything quite like the current environment... This may very well be the US uncoupling from the global economy
and that will cause a hell of a lot of pain..

Interesting times folks...

You know I lost money once from a broker going tits up...Refco long long ago..Nothing is to big to fail..and I say that as my broker
has increased margins for the US indices..going from $40 for a micro emini (S&P) $400 for emini,,,to as high as $2000 for a micro
and 20k for a emini...$400 to 20k..thats what it is tonight,,,, Nasdaq is 30kUS for 1 emini contract...

People will be trading when margins decrease say in the morning..some crazy guy tweets something brokers panic and now either you
deposit whatever margin they require or you will get margin called....A dicey flippin situation.

With that said my fur is up on the back of the neck...spidey senses tingling.... I wont be depositing more money to my broker...as when
shit really hits the fan it happens quick... Nope time to real things in... play tight etc.

Crude oil and Gold margins have remained stable....Sooooo I am of the persuasion to temporarily halt my indice trading until shit stabilizes??
God knows when...and go back to trading Oil mainly and maybe gold.. A fluid situation.

Anyways I digress as always and ramble on lol... See what tomorrow brings.. Feds step in..Deal struck with China ? or just more UNCERTAINTY..

And another tidbit....10 mins before Trumps dump n pump tweet saying a 90 day pause....There was unusually high spike of volume in various leveraged trade
instruments tied to the indices...lmfao...Some people made off like bandits with 10s of millions hundreds of millions and more...
Lets see if it comes out to the light,, But hey,, THe Billionaires really care about the little guys ! They really do !

Rambling done ....
Blue

And ...
Looking quite a flaccid dixie
at the right hand axis graphic inide your chart there Kev

Looks like the L.D.( Limp Dixie in "Technical Analysis of the Financial Markets"... John J. Murphy pg 69 ) pattern is holding as it droops further.
Im not sure what going to prop this thing up !

Good Lord I thinks I need to goto bed LOL....almost 9pm here and I shouldnt be looking at things like this !
Looks like its a Breakout at the extremity !

page #
you're just making this up now Kev lol


looking left, Dxy an interesting chart on the Daily timeframe

.

The daily looking like it may provide some ! "Support"

Make or break time, for sure.
I wonder what the "aggregations" are - and who's holding the bag right now.

Pop up the chart next week pls Kev as i might forget.

One good trade can wipe out
Months of Struggle.
Stay discipline and follow your plan
Lock in.

It's all possible ............

https://www.forexfactory.com/thread/...9#post15175449

Someone has a tight grip on the dollar there I see

------


Folks, it must get boring seeing these charts below, I do understand
The purpose is only to show that by PRICE + TIME that ... the markets are very tradeable
The only variable, really, is us

OURSELVES, THE TRADER

By trading safe and then well, we might overcome the huge advantage the marketmakers & liquidity providers have over us (in retail)

They have all the data and all the timing ... ONCE they accept & distribute the largest orders tossed in by businesses daily and ...
then massaged by institutions and hedge funds working with higher volume, and then comes

us (retail)

Good fortunes all


(my plan to reduce the daily charts starts next week )
(maybe help that by adding your OWN )
(no ONE style of chart is the be all & end all, all charts will have value for consideration)

.

Hi all.

I haven’t been around for a while, just going through some health issues.

I still keep up with the thread on a daily basis, just unable to contribute at present.

Would like to thank those who have kept the thread going and to those who look in, perhaps for inspiration or a motivation check.

Keep the dream, you will find a way.

Andy

Wishing you the best, Andy, world needs good folk


Switching it around a bit today to US500
(GJ is still running the same procedures )

.

Thanks for the kind words Pete.

It really helps

Andy