hi guys
obviously the panic of Covid19 is skewing the markets to irrational extremes.
Equities were heavy sold off and money went into safe heaven ATM Euro.
We need to weather the storm until things become more or less normal.
Should ECB drop a bomb over the weekend that would be nice.This is like last summer Trump trade war on China only difference end is questionable on this one.
If you must take losses then you must.Have troops left for another day.Its a marathon not a sprint.
People who judge a system based on this current situation are delusional.For every loss I can show you hundreds of winners.That's that for my critics!
As a side note as situation becomes more critical in Italy and Euro appreciating greater heights I think ECB most likely will interfere.
Last thing they want super strong Euro competing with the rest of central banks already started cutting cycles.
Feds may follow more cuts
Should ECB go -.25 or even -.75 like Swissy we can see serious drop on all Euro pairs
Generally positions are not kept long term when big banks shelter money on Euro since they are paying swap hence dont think this is sustainable even without ECB cuts.On slightest good news funds will run away from the Euro as quickly as it came to it.
obviously the panic of Covid19 is skewing the markets to irrational extremes.
Equities were heavy sold off and money went into safe heaven ATM Euro.
We need to weather the storm until things become more or less normal.
Should ECB drop a bomb over the weekend that would be nice.This is like last summer Trump trade war on China only difference end is questionable on this one.
If you must take losses then you must.Have troops left for another day.Its a marathon not a sprint.
People who judge a system based on this current situation are delusional.For every loss I can show you hundreds of winners.That's that for my critics!
As a side note as situation becomes more critical in Italy and Euro appreciating greater heights I think ECB most likely will interfere.
Last thing they want super strong Euro competing with the rest of central banks already started cutting cycles.
Feds may follow more cuts
Should ECB go -.25 or even -.75 like Swissy we can see serious drop on all Euro pairs
Generally positions are not kept long term when big banks shelter money on Euro since they are paying swap hence dont think this is sustainable even without ECB cuts.On slightest good news funds will run away from the Euro as quickly as it came to it.
In trading, you have to be defensive and aggressive at the same time
26