Never do business with family or friends. Ever.

This trade does not make sense after the S&P/Case-Schiller HPI. This is exactly what I'm talking about-if you trade when things are very likely to go one way, you can profit. When things can go either way, forget it.

I like the dollar to gain over the next month or so vs. the euro, pound and A$; the U.S. just cannot afford the higher bond rates which is why we've heard so much recent talk about inflation remaining subdued over the medium term. Follow me on ...

I closed my long euro, pound and A$ trades for now-they gained about 200 pips overnight. Follow me on twitter

The approach is very simple; the Fed reduced rates and introduced these emergency liquidity programs because of the enormous problems in the financial markets. They will only start to cut back on these programs as conditions ease. I believe stocks ...

I see the Fed cutting back on some lending facilities as a sign that conditions are improving. That figures to be good for equities/commodities and bad for the dollar.

Do whatever you think is right. The reasons behind this trade are posted all over this thread.

This is important: Fed Trims Emergency Lending Programs as Crisis Wanes (Update1) This is the kind of information that could spark a decent rally in equity markets, so I would look to short the dollar on that basis. Follow me on twitter: url

I'm really not looking at any trades now Sniper. I think it's a terrible time to trade because there's no clear strong fundamental driver. For now, the markets look to remain in a mostly sideways pattern that could edge slowly up or down but either ...

As far as the statement is concerned, the main thing is that the language regarding the threat of deflation has been removed. April 29: "In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. ...

In the long term-it's the Fed. And if I see something in the Fed statement I'll let you know.

I'm not doing what backtesters do-I've been writing about the dollar/stocks/commods relation for several years now. As far as i can see on USD/CHF it trended lower as stocks improved, than has gone sideways as all the others have since the dollar ...

I didn't dismiss it-I just said it's something I don't follow that closely. Aside from that, the SNB, as far as I can see, has only been able to manage some short term price movements, so I don't see where their actions have been able to create a ...

In a word-no. The dollar is the reserve currency, which means you can buy pretty much anything in the world with it. And when the man in control of the printing press says he's printing more (electronically or otherwise), the world is going to react ...

I would say so-yes. What's interesting on the euro is that the retrace found support pretty much where price was on 3/15, the day Bernanke went on 60 Minutes. And if you look at the pound and aussie, they pretty much went in a straight line. Perhaps ...

There is no smart money-if they were so smart they wouldn't have lost like they did. Aside from that, a lot of the movement you see intra day is all about stop hunting anyway. In other words, if you know where the stops are, that's where you guess ...

My opinion on the Fed statement is that it would be very supportive of the markets if they were to indicate they see a time in the not too distant future when some of these liquidity programs could be wound down, because it would indicate they see a ...

Right. And all this can't/won't, maybe yes/maybe no, 73% of the time based on a statistical sample that is probably too small to be valid who the hell knows BS is exactly what I want to avoid. When prices can only go one way is what I want. MFE.

You were saying? As you can see price did indeed fall below the bottom trend line.

Which is exactly why I started this thread-these dumb trades will ruin you the more you do them. Keep your powder dry and just wait for the next MFE-then go in heavy and ride the trend.