jvrfxalerts

jvrfxalerts

Hello traders I have been sitting on my hands since my last post. Thanks to @InternalTraderNYC to exercise patience. No trades, no harm. But keeping an eagle eye on the daily market chaos. I know this may come across as "told you so" but whatever I post is always with the goal of bouncing ideas and insights off my fellow trading warriors. I mentioned the IEEPA...

jvrfxalerts Updated 

Hello traders The allegory of our current global economy and Moby Dick, the rare white whale, hunted by the obsessed Captain Ahab, is not one I am writing about in a light hearted manner. A refresher: Moby Dick(China) bites off Captain Ahab's(USA) leg and is subsequently relentlessly hunted by the obsessed captain who wants revenge. At the conclusion of the novel,...

jvrfxalerts

Hello traders The allegory of our current global economy and Moby Dick, the rare white whale, hunted by the obsessed Captain Ahab, is not one I am writing about in a light hearted manner. A refresher: Moby Dick(China) bites off Captain Ahab's(USA) leg and is subsequently relentlessly hunted by the obsessed captain who wants revenge. At the conclusion of the...

jvrfxalerts Updated 

To be, or not to be, that is the question: Whether 'tis nobler in the mind to suffer The slings and arrows of outrageous fortune, Or to take arms against a sea of troubles Hello traders Straight from the Bart's mouth. Should we continue to duck and dive through this chaos and continue trading? Or will we drown in this sea of troubles? Well, I shorted EUR/USD...

jvrfxalerts

Hello traders This is a look at USD and the relationship to other asset classes. DXY: Daily close above the weekly breakout level. Fundamental: CPI ticked down but CME FedWatch tool still shows first rate cut only in June. PPI tomorrow may change the trajectory again. Dollar dumping might reflect international investors selling USA assets. EUR/USD: At the upper...

jvrfxalerts Updated 

Hello traders Well, what an exciting but yet predictable week with the tariff turmoil. I have advocated several times in the past to keep an eye on the US 10Y yield but yesterday's price action definitely left me feeling like my head was spinning on my shoulders like Beetlejuice. Fun movie. However, I was on the EUR/USD long side after the rejection lower at...

jvrfxalerts Updated 

Hello traders Yesterday's trading was most profitable, riding the high speed elevator up and down with long and short positions throughout the session. The chart seems to favor an upturn in the USD. Why? Maybe because the US10 Y T-note is still one of the most reliable sources of yield. The one risk that we should watch out for is a downgrade of the USA AA+...

jvrfxalerts

Hello traders I did mention in my last idea that I have sidelined the markets but volatility can be very profitable if the correct levels are in play. My entry buy order was filled at the weekly high of 1.0889. I took profit at the 0.786 fib at 1.0990 and switched to a short. However, I will reverse again if 1.0954 holds during this session. My take is simply,...

jvrfxalerts

Hello traders This chart layout is not new. See my original Idea from February 23rd. The wrecking ball is not gaining momentum. It reached supersonic speed yesterday and shattered the illusion that all is well on the blue planet. The United States of America has upended the Global order that took 80 years to establish after WWII and financial markets that...

jvrfxalerts

Hello traders I have mentioned the Trump chaos theme numerous times in my previous ideas. History repeats itself. Once again, the punches come from a different direction on a daily basis. Fundamentally, nothing seems to have changed. Trump vacillates on tariffs daily. The new Canadian PM is threatening to terminate electricity supply to the USA which will affect...

jvrfxalerts

Hello traders. This is my first trade since last week. Trump is ripping through the markets like a tornado. First, the made for TV moment of dressing down Zelensky in the White House. We all know, the meeting just prior to that behind closed doors must have been a screaming match because he did not get his way. I'm surprised he did not yell at Zelensky, "You're...

jvrfxalerts

Hello all. Apologies if my "dog chasing a car" expression does not resonate with everyone. However, I think we can all use a little levity once in a while. I entered into a long EUR/USD position last week although it was a gamble what with the German election this weekend. However, I have a very tight trailing stop on this trade. It definitely has the legs to...

jvrfxalerts

Hello traders First of all, best of luck for yet another challenging week ahead. I usually keep my charts simple in appearance but in this case I toyed around with the canvas to illustrate the direction of these three USD instruments. It also gave me the opportunity to simmer down before I start writing my next Idea on EUR/USD. The charts tell the story. The...

jvrfxalerts

Hello traders DXY has found solid weekly support and has closed above the breakout level. Gold closed the week with a significant bearish engulfing candle. US10 Y has also found support. That leaves Bitcoin which has been trading below the $100,000 level for 9 sessions in a tight range. I believe that the indecision on Bitcoin is not about any lack of future...

jvrfxalerts

Hello traders My TP at 1.0370 was executed on my long EUR/USD position. I have initiated a short EUR/USD position after Chair Powell's testimony this morning. He expressed confidence in the economy staying robust and that there is no rush to cut interest rates. The chart is my guiding light on a daily basis to determine which direction risk is heading. EUR/USD...

jvrfxalerts

Hello traders In the words of Marie-Antoinette, "let them eat cake" is where I believe the Trump administration will take us. It will not take four years before his Nationalist, America first doctrine will leave us all much worse off than before. He won the election, as I have believed he would, on exaggerated immigration issues but above all, "the economy,...

jvrfxalerts

Hello traders In the words of Marie-Antoinette, "let them eat cake" is where I believe the Trump administration will take us. It will not take four years before his Nationalist, America first doctrine will leave us all much worse off than before. He won the election, as I have believed he would, on exaggerated immigration issues but above all, "the economy,...

jvrfxalerts

Hello traders Yes, Chair Powell, has spoken. The FOMC is not in any hurry to cut rates. He also refused to comment on the promised Trump tariffs since there is no data reflecting that. The next rate cut is now projected by CME Fedwatch (Federal Funds Futures) not to happen until the June 18th FOMC meeting. Ms. Christine Lagarde is our next speaker after the ECB...