DislikedThx for the update Wulfgar. You didn't miss much this week. Very boring til today's crazy PA.Ignored
But no new positions opened. Seemed too wild and wacky till this speech gave us some direction.
EurAnalysis Kindergarten 24 replies
DislikedThx for the update Wulfgar. You didn't miss much this week. Very boring til today's crazy PA.Ignored
DislikedWhich is why it will go down IMO but I will watch PA wave action to determine if I trade that.Ignored
Dislikedof Course brother... stick to your rules of engagement
all we can do is just locate the channels and trends, supply and demand, watch for PA to give us a trigger, manage the trade, and be careful about the newsIgnored
DislikedI know not many on here follow the larger swing moves other than PT. But we are smack dead center in a major weekly supply zone from the 1.2588-1.2695 zone with potential overshoot range being the 1.2695/1.2745
Fundamentally the Jackson hole conference was a disappointment to pro-stimulus bulls. It all hinged on Bernankes comments saying additional stimulus would reduce confidence for a smooth exit.
suffice to say I am happy I sat on my hands all week long because all this jostling around in the range was unnerving.
Ultimately all...Ignored
DislikedTake notice that Spain's 10Yr bond is near 7% again. 6.91% to be exact at the moment.Ignored
DislikedTake notice that Spain's 10Yr bond is near 7% again. 6.91% to be exact at the moment.Ignored
DislikedI am thinking the middle around 50 or so as it tends to do that especially on a friday. So it will probably go down. Short now!Ignored
DislikedI thought you didn't like odd numbers. Couldn't you have waited till it pulled back to 6.90%?Ignored
DislikedI thought you didn't like odd numbers. Couldn't you have waited till it pulled back to 6.90%?Ignored
DislikedS&P cuts autonomous community of Catalonia to 'Junk'.
And this is why we have an uptick on E/UIgnored
DislikedThanks PT. I hope you have some beach time planned this weekend!
You gotta get off these screens and enjoy the summer.
You have got to be the most "market active" position trader Ive ever metIgnored
DislikedAnd on that bombshell.. im outta here and getting my day started... lolIgnored
DislikedDount you think that if there wasnt such thing in the world as QE and like-alikes (lets imagine the world lives on the gold standart or some basket of commodities/mining matterials) there wouldnt be such thing as financial crisis..?
..and if/still recessions would appier it would be mild and unnoticable as part of natural part of cycles in progression/evolution of civilization/economics?Ignored
If you studied or want to check Economics History we can keep posting every single case of metal standards from the Mayas in C. America to the collapse of Salt as currency in Africa and some parts of Asia, to the end of Silver standard and the countless times with Gold.....
So answering your question, sure there wouldnt be such thing as financial crisis there will be a lot worse catastrophes. Recessions had been a lot deeper, bloodier and painful with currencies pegs to commodities. In simple words, is not realistic, is not technically adequate and more importantly is dangerous beyond economics...
sisse
DislikedI trade off price entries based on daily/weekly/monthly numbers and probabilities.
What happens today at the close determines my next moves
right now we are making a small channel between the 1.2583 and the 1.2609
London is gone, major positioning has already happened. without a new blurp from the news wires i dont expect anything else to happen drastically today.
my reco for intraday traders is to scalp the current range with an eye on the news wires for a breakout, swing players just be patient and wait for the right numbers to line...Ignored
DislikedBuddy. Please. I really politely suggest that you consider not buy/sell at or near the daily POC. It is like crap shoot, could go either way. I suggest buying/selling at high value areas and if price moves against you, your losses will be very minimal. Most of the time though, price goes in your favor and u then move position to break even and let it ride. If it comes back at least you haven't loss anything. Just a suggestion to a friend. I hate to see anyone under water.Ignored