Pivot Trading

Wow could not come better timing! Feds rate cut .50 !

rate cuts= STUPIDITY

The Fed just created a delayed recession or depression. Hopefully I will be proven wrong , but , tell me I'm wrong 2 years from today.

STUPID !!!!

Regards ,
GE

Let's go!

It was the right decision.Wall Street needs some confidence measures unless you want to see millions of middle class and poor lose all their pensions 401k gains
Rates can put back higher once economy picks up.

You should look Carter's era when it shot up to 18% it was a disaster! Reality is nobody puts money in the bank anymore to earn interest.That's not where it gets parked but in mutual funds stocks treasuries.Hence lower interest rates rejuvenates big ticket buying like houses cars which generate growth in related industries.

did this today last 1hr waiting for trades.Used Krita App
Still trying to get used to draw with electronic pen.Not easy might get easier more I do it

It was the right decision.Wall Street needs some confidence measures unless you want to see millions of middle class and poor lose all their pensions 401k gains Rates can put back higher once economy picks up. You should look Carter's era when it shot up to 18% it was a disaster! Reality is nobody puts money in the bank anymore to earn interest.That's not where it gets parked but in mutual funds stocks treasuries.Hence lower interest rates rejuvenates big ticket buying like houses cars which generate growth in related industries.

Personally , I believe this action was GROSS STUPIDITY on behalf of the US FED/US GOVERNMENT.
A rate cut of 50 bps will not materially put any money back into the pockets of middle class Americans. IMPOSSIBLE. Significant tax cuts at every level would. Canada needs the same.

When the marketplace realizes that this band aid did not work , what then ? Do they take the 50 bps back from Americans ?

OBAMA , GREENSPAN , TRUMP , VOLCKER , BERNANKE , YELLEN and a list of others have all failed the American middle class and actually lied through their teeth to the American Public on National TV. Everyone of them said , "The American Economy has never been better". Dream whip on bullshit !!
This is great for Forex Trading , but , a Global recession/depression is not.


Davit , the US FED just acknowledged to the World that the US has not been ready to handle any curveballs such as uncertainty and/or panic in the marketplace , caused by a catalyst of any kind , particularly in a historically low interest environment.
Rate cuts are not a vaccine for THIS particular financial market , today.
Pension Reforms rammed through France's Parliament within the last week. FRANCE get's it !!

The US has just followed the EU and CHINA into the large Global mess , created by cheap money mishandled and misappropriated by all G7 Governments.
I really feel sorry for the Middle Class of every Country , which I am certainly part of.

If the US ECONOMY is so strong why was there a need to cut rates ? Less than a week ago POWELL was preaching to the World how strong the US economy was.

The WORST is definitely yet to come.
Regards , GE

Took 2.5k loss today.Needed
No worries.
EA starting to show some movement.
Euro is continuing to hold that "safe heaven status" but dont think fundamentals support it.Should deflate soon

This is in good support.

Anyone planning to trade BOC rate cut today? Personnaly watching GC and NC short term longs.

I am going to wait on the sidelines.
I feel much more comfortable trading after the News.
I'm wondering if the events so far this week is going to provoke a much higher degree of volatility than usual even if the News is a non-event.

Good luck with your trades ,
GreenEarth

Hi guys
We may see today unusual moves. BOC rate cut may actually move UC in south direction after initial algo spike.
CJ still good for long but like to have some cushion of margin now.
EA dropped 120pips after my last post
64 or below my guess of EA weekly close candle

You dont really think professionals with years of experience with top degrees in economics are haphazardly lowering rates? Seriously this was the right move.Stop listening so called "experts" on TV less you listen their chatter the better.That goes for politics, Trading as well. Biden who didn't set foot in my home state Massachusetts won the state beating Elizabeth Warren her state! That nobody saw it coming!Goes to show filter as much noise as possible

04/Mar @ 13:00 GMT : Risk-off lvl 11 https://br.tradingview.com/chart/QcC6k0VE/


I have followed my script and avoided trade as soon as the risk-off reached 20 points below the 50-point average line.
I still hold my EA shorts, which have returned almost 350 pips,
So I already have more than $7000 of margin recovered. and no trade I will open til my script go back at least lvl -30

some optimism. Dont think this was posted at FF news

Inovio Pharmaceuticals set to trial Covid-19 vaccine in April
https://www.pharmaceutical-technolog...cine-timeline/
Could be why market is slowly buying up AUD NZD

Italy closes schools and universities nationwide:

Virus case in Brussels offices.Euro is no longer "safe heaven"

Armenia’s 5-star care for quarantined citizens makes global headlines
YEREVAN, MARCH 3, ARMENPRESS. Posh suites and a luxury hotel – these are the conditions that the Armenian authorities have provided for the 32 quarantined direct contacts of the first novel coronavirus patient. The direct contacts are quarantined at the Tsakhkadzor resort town’s previously defunct Golden Palace five-star hotel.
PM Nikol Pashinyan had earlier said that those quarantined must be treated “like we would like our families to be treated” in such cases, and noted that the quarantined citizens will receive dignified conditions.
And this move has already received global attention.
“Being quarantined on suspicion of carrying a deadly contagious disease is quite an ordeal, but at least Armenia is making up for the hassle by placing coronavirus patients in a 5-star hotel”, writes RT.
“In some countries, repatriated coronavirus patients are met with stones and threats, but in Armenia, they have so far received drastically different treatment”, the news agency wrote, posting the video shared by PM Nikol Pashinyan showing hazmat personnel handing out meals to the people in the luxury hotel suits.
The Turkish NTV has also touched upon Armenia’s quarantine conditions, emphasizing that the Armenian premier has ordered a five-star quarantine condition for the persons.
Armenia reported its first novel coronavirus case on March 1. The virus was confirmed in an Armenian man who traveled to Iran. He was hospitalized in Yerevan, while his direct contacts were taken to the Tsakhkadzor resort town’s previously defunct Golden Palace hotel. The hotel was quickly re-launched by healthcare authorities and the quarantined people have all necessary conditions,
including food service, internet etc.

Makes me proud being Armenian American
Just for background Nikol Pashinyan PM is former rebel journalist after fighting years against oligarchs and corrupt politicians won the election.Armenia since then sky rocketed up on all fields.

Seems like lately the correlation between EUR and US Index is inverse, we may see a rebound in short term as markets recover from oversold terrority due to interest rate cuts.

I forsee alot of countries following suit.

Short UC at 1.3409
Target WPP 1.3365
GE

Beautiful !!!!!
GE

Did short on AC at 0.886!