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  • #156,141
  • Nov 1, 2017 11:12am Nov 1, 2017 11:12am
hawkish Fed statement..
  • #156,142
  • Nov 1, 2017 11:14am Nov 1, 2017 11:14am
Quoting gatorinla
{quote} maybe some plays off 1641 and 1617 now b4 nfp. thinking some range. but overall bearish below 1654 unclosed above.
if u caught it.. b.e. it or tp if you're playing range.. your buy should have triggered
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those who can, do. those who cant, talk about those who can
  • #156,143
  • Nov 1, 2017 11:21am Nov 1, 2017 11:21am
Quoting Boulder
hawkish Fed statement..
didnt see it.. it may not be a good time to buy 1617... 1581 is the lower close.
those who can, do. those who cant, talk about those who can
  • #156,144
  • Nov 1, 2017 11:29am Nov 1, 2017 11:29am
closed scalp 28 pips. try again 1641 later
those who can, do. those who cant, talk about those who can
  • #156,145
  • Nov 1, 2017 11:33am Nov 1, 2017 11:33am
1617 may become R,, i just dont trust NFP because it may range days before.. 1641 or 1654 ish seems better.

the highest close here is 1641, the lower 1581. 1617 is inside.
those who can, do. those who cant, talk about those who can
  • #156,146
  • Edited 1:38pm Nov 1, 2017 11:42am | Edited 1:38pm
Quoting gatorinla
1617 may become R,, i just dont trust NFP because it may range days before.. 1641 or 1654 ish seems better.
I have the similar feeling too.. if tomorrow the downtrend is not broken , the run will be over 45 some hours..,,time wise, trend mostly starts to reverse , especially if Trump chooses Powell instead of Taylor as Fed Chair tomorrow afternoon...... it will definitely reverse, start uptrend..then it will last two days with NFP.. ....one cycle after another cycle.
  • #156,147
  • Nov 1, 2017 11:50am Nov 1, 2017 11:50am
Quoting Boulder
{quote} I have the similar feeling too.. if tomorrow the downtrend is not broken , the run will be over 45 some hours..,,time wise, trend mostly starts to reverse , especially if Trump chooses Power instead of Taylor as Fed Chair tomorrow afternoon...... it will definitely reverse, start uptrend..then it will last two days with NFP.. ....
not so sure they get a tax plan myself. cutting the state tax exemption, mortgage exemption and 401k isn't going to sit well with some middle class. it's going to hurt home values in some states. the home is where many middle class store their wealth. they will get penetrated w/o vaseline. they will have less 401k and less house value. then they won't be able to even deduct the interest or taxes paid. so in reality, they will pay higher taxes. i just dont get it..
those who can, do. those who cant, talk about those who can
  • #156,148
  • Nov 1, 2017 1:29pm Nov 1, 2017 1:29pm
FWIW, I read that the first 500k of your mtg interest may still be deducted. One of the ideas floated, since it will mostly impact the coastal "blue" states
whereas much of the US has interest deductions a bit lower. We will see......
regards,
goma
  • #156,149
  • Nov 1, 2017 1:37pm Nov 1, 2017 1:37pm
Quoting Boulder
{quote} I have the similar feeling too.. if tomorrow the downtrend is not broken , the run will be over 45 some hours..,,time wise, trend mostly starts to reverse , especially if Trump chooses Powell instead of Taylor as Fed Chair tomorrow afternoon...... it will definitely reverse, start uptrend..then it will last two days with NFP.. ....one cycle after another cycle.
it will be Powell according to the @WSJ. White House notified him this morning of nomination. $USD moving lower first when the news broke ...
  • #156,150
  • Nov 1, 2017 3:52pm Nov 1, 2017 3:52pm
Quoting goma
FWIW, I read that the first 500k of your mtg interest may still be deducted. One of the ideas floated, since it will mostly impact the coastal "blue" states whereas much of the US has interest deductions a bit lower. We will see...... regards, goma
anyone deducting mortgage interest now will no longer be able to do it (under proposed plan). that's a tax increase. some people instead of renting chose to own a home because they can deduct the mortgage interest. not to mention investors like myself who deduct interest on investment property. if you take this incentive away, property values no matter red/blue will drop. Tell a middle class guy owning a home, you're going to take away his nest egg value of his home. so this alone kicks the average guy doing the right thing in his nutz. an average guy paying his bills. the cherry on top is you want to decrease his allowable 401K deductions (another tax increase). so when he retires at 80 he will not have a pot to piss in..this plan will leave many the ability not to afford the home they currently live in. many will go bankrupt, further dropping value. good luck.. its a tax increase wrapped in a shit crust.
those who can, do. those who cant, talk about those who can
  • #156,151
  • Nov 1, 2017 4:51pm Nov 1, 2017 4:51pm
After 18 hours run, now 8pm est. , downtrend stop 1648 at hour close..
  • #156,152
  • Nov 1, 2017 5:38pm Nov 1, 2017 5:38pm
Quoting Boulder
After 18 hours run, now 8pm est. , downtrend stop 1648 at hour close..
short here 1636, will add more >1640s..,, I think I have time for one more short chance before the time runs out..
  • #156,153
  • Nov 1, 2017 5:57pm Nov 1, 2017 5:57pm
Quoting gatorinla
dow up 7 months straight, others markets too. as a general rule. 8 is hard to do. possible retrace coming in a red candle.. its green atm this month with new record highs. {image}
check out #8 now.. spx 500.. a month range can take back 5 1/2 of the green candles.
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those who can, do. those who cant, talk about those who can
  • #156,154
  • Nov 1, 2017 6:33pm Nov 1, 2017 6:33pm
Who is try a sell here?
Beware of Draghi
  • #156,155
  • Nov 1, 2017 6:47pm Nov 1, 2017 6:47pm
Quoting Paolob
Who is try a sell here?
Pending triggered

OUT with a few, Will re-enter on re-test
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A good trader follows his rules, but great trader knows when to break them
  • #156,156
  • Nov 1, 2017 7:52pm Nov 1, 2017 7:52pm
i got a piece of that spike at 1661.. i may get scared if the 12h closes above 1654.. but i did expect a shot at 1709 (some). so i do have some room to load more.
those who can, do. those who cant, talk about those who can
  • #156,157
  • Nov 1, 2017 7:55pm Nov 1, 2017 7:55pm
Quoting Paolob
Who is try a sell here?
kinda scared.. if equities give a red candle.. it may go higher..
those who can, do. those who cant, talk about those who can
  • #156,158
  • Nov 1, 2017 8:07pm Nov 1, 2017 8:07pm
Quoting Paolob
Who is try a sell here?
Have a sell at 1.1654....not sure if it works out.
  • #156,159
  • Edited Nov 2, 2017 1:13am Nov 1, 2017 8:13pm | Edited Nov 2, 2017 1:13am
Quoting gatorinla
i got a piece of that spike at 1661.. i may get scared if the 12h closes above 1654.. but i did expect a shot at 1709 (some). so i do have some room to load more.
I shorted too with avg 1642 against my setup, I need to manage out of those positions soon, hope some profit or minimum damage..
out 1635, +7
  • #156,160
  • Nov 1, 2017 8:17pm Nov 1, 2017 8:17pm
took a short on kiwi yen for 76.40.. entered 78.93.. stop 79.10.. 78.97 is war.
those who can, do. those who cant, talk about those who can
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