Hi guys,
any thought on what the market reaction to
-5.7% GDP ?
any thought on what the market reaction to
-5.7% GDP ?
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DislikedFx where are you drawing your trendline from?
Is it on the daily tfIgnored
DislikedCome on...with that logic then all commodities are currencies.Ignored
DislikedIt was a coin flip. after breaking to new highs and current commodities hype, the odds favored the longs. I closed mine last night at the "high" before the next leg up...hehe. All is well, but part of me wanted to double up and make $$$$ today. But I decided to take risk off the table. Perhaps I picked a bad time to remove risk, but my friend we must always remember: There will always be another trade.Ignored
DislikedYes currencies are only a way of storing your accumulated commoditiesIgnored
DislikedBlusky don't pay attention to news. Just read them think about them and thats it. Trade what you see on the chart. EU has broken up above 1.405 resistance level. In order for this to keep going we need to stay above 1.4050 and break up above 1.416. Month end moves are going to happen today and going to be very volaitile. Stand aside if you can. Momentum is still up but I would pay attention to how the weekley candle closes on Sunday. If there are signs of exhaustion I think EU is prime to be shorted but be patient and watch happens on weekley candle....Ignored
Dislikedyea Ticker sure , there always be other trades, but i mean the whole upmove i mean in equities and risk in general, just looks a bit too fast too furious, i have followed your bullish sentiment towards AUD but i didn't participate there, and that was a winning situation considering the rate differential, china stimuluses etc , but this eur upmove, dunno really dunno. Now we have to consider that EU is above 200 DMA and the markets will be getting thinner, so i don't know if keeping positions for long time is good strategy or not. one thing i know...Ignored
Disliked...is this borderline NUts on the USD or maybe I should go buy my grandpas SHEKELS...GBP and even the CAD beating up the BUCK...sorry but this is not gonna play out to long.Ignored
DislikedWe are all blessed.
I was just thinking looking at these GDP numbers...we have inflationary pressures and negative growth...you know what that means. Stagflation, basicially the worst case scenario. The commodity prices must come down, the whole rational that US printing money is the cause is not an issue. All that printed money is just siting in banks as capital, it's not like consumer have any money to spend on products to drive prices. Look at CPI around the world. Prices are dropping but commodities are rising? When Oil was at 140 last year,...Ignored
DislikedCharts pointing towards a low re-test of Dec 18 2008 stops at 78.44
Would not think it should go lower at least in the short term.Ignored
DislikedYep, I remember a lot of experienced traders calling that one. Haven't heard much from them lately though ....Ignored
DislikedMore money in circulation in time like these just mean inflation, inflation and more inflation. Simply not enough growth to absorb the about of money in circulation.
The Fed' needs to increase interest rates. Yep, it will hurt but not half as after these quantitative easing plans (I never came acorss that term before this crisis was it made especially for the event).Ignored