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- 111 Results (77 Replies , 34 Comments )
- Pmd1963 commented Oct 15, 2017
If you find yourself hoping or praying, it is time to close the trade. And you can't make those kind of mistakes (falling asleep) if you expect to succeed. This is an unforgiving business. The goal of the market participants is to take your money. ...
- Pmd1963 commented Oct 15, 2017
Relatively hawkish, for Yellen. Constancio and Draghi pretty dovish, esp with lower inflation forecasts for 2018. Favors a short position EURUSD. But best to be patient and see how market reacts -- especially with ECB meeting later this month widely ...
- Pmd1963 replied Jul 5, 2015
I really doubt you will see the gap completely fill this time. I think the gap has already retraced as much as it is going to. We might see a brief uptick, but it is time to sell EURUSD and EURJPY for a long term trade. Greece is leaving the Euro ...
- Pmd1963 commented Jul 5, 2015
This is entirely euro negative. Now attention will turn to Spain and Italy. Spain and Italy were big funders of the EFSF and ESM, which were used to bail out Greece. But Spain and Italy are themselves huge debtor countries, as well. How will they be ...
- Pmd1963 commented Jul 5, 2015
60% No with 30% of votes counted. Hold on to your hats. Best way to play this is not with the dollar. Best play is Sell EUR/JPY. That being said, selling the EUR against US and JPY would give a little protection. Also, in light of China stock market ...
- Pmd1963 commented May 20, 2015
Barclays -- just do the opposite of what they say. Ever look at their "trade of the week" articles? Their "trades of the week" predictions will lose you money.
- Pmd1963 replied Apr 30, 2015
Short at 1.1202. Swing trade entry. May even consider making it a position trade. Still think EURUSD going to parity. With negative interest rates due to ECB bond buying, money will continue to flow out of the Eurozone. It is now the funding ...
- Pmd1963 replied Apr 27, 2015
Sold at .7865. Stop at .7895. TP .7800. RBA Stevens talking in about 7 hours. He'll talk AUD down.
- Pmd1963 replied Apr 16, 2015
Waiting for tomorrow. Anything can happen when Europe opens for business. More news on Greece (good or bad), more follow through on today's dovish Fed Speak, or perhaps profit taking on EUR rise during US, etc. No one knows. Too many unknowns for ...
- Pmd1963 commented Apr 14, 2015
Interestingly resilient response to Westpac data and China data. I wouldn't be surprised if we get a little delayed reaction to the news, with AUD starting to weaken over the next 8 hours.
- Pmd1963 replied Apr 7, 2015
Sold AUDUSD at .7690 AUD is going to .70 Iron ore prices are dropping like a rock and China demand is just not there. RBA will cut in May for sure. This is a gift.
- Pmd1963 commented Mar 25, 2015
Sell Gold, buy dollar
- Pmd1963 replied Mar 18, 2015
Algos gone wild!
- Pmd1963 replied Feb 17, 2015
You did see that I said SHORT GBPUSD. I agree with everything you said.
- Pmd1963 replied Feb 16, 2015
It topped out because of the upcoming very poor CPI results that will be reported at 0430 EST tomorrow. I had a good day with it. Almost exactly 70 pips on my futures account. Got in a little later with my forex trading account, so only squeaked 15 ...
- Pmd1963 commented Feb 12, 2015
Japanese small business has been hurt badly by the weak Yen, even though large corporations have done well. If the Yen gets too weak, it will put many small businesses in jeapordy. Can't afford that, politically or economically.
- Pmd1963 commented Feb 12, 2015
Russia has vast oil and natural gas reserves. They are far from broke. The Greek Foreign Minister was in Moscow yesterday. Wonder why? Greece has signaled very strongly it isn't going to allow Germany to force austerity on it anymore. Greece is a ...
- Pmd1963 commented Feb 9, 2015
The following ideas are taken from url : EU better look out. First Greece leaves EU. Then Russia cozies up to Greece and Greece leaves NATO. What happens if Russia pays Greece a very handsome sum to have some naval bases in Greece? Enough to pay ...
- Pmd1963 commented Feb 9, 2015
Just do what I did. Leave your Forex Broker (FXCM) and trade currencies with a futures account (I went to TD Ameritrade). My account is never commingled and it is insured up to $500,000.00 by the FDIC (Joint account). Problem solved.