Monthly 1.3 to 1.32 zone....
Not sure where the 38.2 is, I use a evenly divided retrace scale.
Not sure where the 38.2 is, I use a evenly divided retrace scale.
Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
Dislikedkk, by all appearances... we should go into a major consolidation period next week. imo, another spike might be possible. i would look for topping formation after that.Ignored
Dislikedkk, by all appearances... we should go into a major consolidation period next week. imo, another spike might be possible. i would look for topping formation after that.Ignored
DislikedI am expecting that push up that makes everyone PANIC, then the boys who are putting the orders in will QUIT with the Long orders, and the PANIC will reside, resulting in some new Short orders that will pull this thing back a bit.
It is so common, years of watching price scream, and run, and push.
Then BANG, all out, and BOOM it DROPS>>>>> come do daddy.....Ignored
Dislikedshorts will get killed automatically. they would be more concerned with killing bulls first.Ignored
Dislikedyea, bizarre, QE to infinity forever every FOMC
fatigue from central planners planning twisting psy bs .........
stopped out on a few shorts c'est lavie
looking to see how the european equity indexes perform although the nikki is up nicelyIgnored
Dislikedfew questions.. mate..
who is the greatest deptor on the whole planet ??
not EU..
who needs more and more devaluation ???
if EUR goes to 1.46 or BEN continue to print look at the weekly chart where we are going with EURUSD
=welcome to the greatest transfer of Wealth.. !!
but first PB or pullback..
EUR likes double tops or double bottoms before establish a new trend..
GOLD @ the top of the range 1550-1770. [triple top].. interesting pointIgnored
Dislikedyea, bizarre, QE to infinity forever every FOMC
fatigue from central planners planning twisting psy bs .........
stopped out on a few shorts c'est lavie
looking to see how the european equity indexes perform although the nikki is up nicelyIgnored
Disliked...QE will never work to reduce unemployment in the long term, it will only distort the labor market by increasing the number of disconnected workers.Ignored
DislikedToday's events were very bizarre indeed. How buying $40Bn of MBS every month supports employment is completely beyond me, and I have a very good grasp on economic fundamentals. I found Bernanke's press conference to be very vague in nature regarding the effects of the Fed's tools it has used this far. There is a lot of empirical data out there to support the side that believes easing has had a very marginal effect on the economy, maybe even a detrimental one. The fact is that the housing market remains depressed and previous policies have not made...Ignored
Dislikedgreat writing...
the employment/unemployment issue is just the latest most timely most convenient rationale to print (rationale probably derived from a series of deep private surveys probing/mining the public psyhe also funded by the publics' money ...irony)
it looks like it is being spun as almost patriotic
2 views out of Ritholz
http://www.ritholtz.com/blog/2012/09...been-expected/
and double up
http://www.ritholtz.com/blog/2012/09/qe-wheeeeeee/
looks all as clear as mud
#32244...Ignored
Dislikedbuy on rumour and buy on news. this is not natural market progression but given the biased upward pressure on the market. shorting has restriction in place for stocks and indices. The market is gamed for upward move. Furthermore, where the money comes from? Just simply print - looks like big party time in election year. Darn it.Ignored
Dislikedthat was cool.....
how is the weather in Singapore?.....lifestyle tooIgnored