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The Swamp

  • #55,481
  • Mar 14, 2020 5:18pm Mar 14, 2020 5:18pm
Quoting M3csl
Yep, it’s all over the news and I just received a BBC news alert reporting the largest rise in cases seen today.
sure hope u britts will vote these clowns out of office, this is the most insane response i seen to date. oh sweden is also right up there, no longer even testing.

these clowns need to be shot and put out of their misery. what a crime on humanity.................................
  • #55,482
  • Mar 14, 2020 8:38pm Mar 14, 2020 8:38pm
Quoting M3csl
My local Indian curry house on the other hand has never been busier for home deliveries...
Take out....? idk....I don't want no zombies breathing on my food...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #55,483
  • Mar 14, 2020 9:33pm Mar 14, 2020 9:33pm
Quoting beszle
{quote} Again I don't want to sound heartless and completely agree with the sentiment but there's a few problems we have financially so you have to pick your poison. If he shuts down the economy 100% will go to more shit than the current plan surely? If the country shuts down, stock market plummets, how many people end up hungry, desperate, job lost, evicted or mortgage lost, crime goes up etc. How do businesses cope with the paid leave etc etc. Trump won't let the markets falter too much until its beyond his control (if there's such a thing looking...
I could tackle this point by point, but lack the will. Here is a few, it's delusional to think oil will rise that much. In the short term for more than a spike. First off the capacity is a 90 day supply, if it was pumped dry. Guess where I live? Guess where those salt domes are located? Louisiana and Texas, my backyard. This no more than a sugar high for political reasons. Cushing Ok. is already full, like in 2008. Tankers are already full, with no port to go to like in 2008. So this U.S. slowdown takes pressure off demand. The U.S. in normal times 20 million barrels per day roughly. The U.S produces last I looked at it about 11 million barrels per day. The rest mostly comes from Mexico and Canada. I dont know how low demand got today. But it's less than the 20 million per day now. So whatever that demand is down, will to go to the strategic supply. Last August it had 645 million barrels in storage. The most it can hold is 740/750 million (off the top of my head). Rough math has it around 100 million barrels of remaining capacity.

Just for an example let's say the demand for flying, driving and plastic. Dropped 20% for 6 weeks. That takes us to 16 million barrels per day. Allowing 4 million per day of surplus into the to salt domes. At this rate the domes are full in 25 days. What do we do after that? I haven't included the world supply oversupply. People are delusional to believe this in more than a sugar high. We got capitalist talking about socialism for oil, and the stock market. When things get cheap enough, people will buy it. That's the way capitalism works. This no short selling fucks the people who are smart enough to see the burst. It fucks the people who want to buy a car or home cheaper. Your saying the government won't help you, it depends who you are. The government is sure as hell helping industry with lobbyist that contribute to their campaigns. Let the companies go bankrupt. I promise you, someone will step in and buy them cheaper and hire workers. And can pay the workers more $, because the cheap price they paid. It's called a free market. The government can't keep bailing out companies and giving the taxpayer the bill. Let them all go under. I want to buy stock cheaper. The government is fucking people like me, who look for bargains. They already fucked the Depression generation out their savings with these low (socialism interest rates) .

The stock market/oil is a bubble needing a reset. The entire system needs a reset. Things dont go up forever in a free market. The only reason is the drop in rates. When rates go up,, your car, house, etc will be cheaper. Guess what? We finally got caught. Interest rates are near negative. So we finally ran out of road. Deflation is next or we will be Japan. 30 years of stagnation. The deficit is already the highest in history and growing each day. Even when we were supposed to be in the best of times BS. When rates are supposed to rise. Nobody wants to pay the bill, everybody wants free money. If not now, when?
We are the most selfish generation in history. At war for 20 years and the average guy has done little or no sacrifice. You can bet your ass a reset is coming. And all this welfare handed out to the stock market will have its cycle. GDP is stagnate. The Ponzi scheme stops working when you run out of suckers who decide not to play.
those who can, do. those who cant, talk about those who can
  • #55,484
  • Edited Mar 15, 2020 1:19am Mar 14, 2020 9:56pm | Edited Mar 15, 2020 1:19am
Inserted Video

City is going to lockdown many people are not ready for this. Will see the dark side of humin nature every thing which helpfull to fight with this virus, simply priced x10 worest is coming for most part of world.
don't predict direction, but dance with flow of water
  • #55,485
  • Mar 14, 2020 10:17pm Mar 14, 2020 10:17pm
gator,

very well put. unfortunately the sheeples are blind and will not see reality.

its certainly nice to see that people with brains and common sense still do exist.
  • #55,486
  • Mar 14, 2020 10:23pm Mar 14, 2020 10:23pm
Quoting gatorinla
{quote} I could tackle this point by point, but lack the will. Here is a few, it's delusional to think oil will rise that much. In the short term for more than a spike. First off the capacity is a 90 day supply, if it was pumped dry. Guess where I live? Guess where those salt domes are located? Louisiana and Texas, my backyard. This no more than a sugar high for political reasons. Cushing Ok. is already full, like in 2008. Tankers are already full, with no port to go to like in 2008. So this U.S. slowdown takes pressure off demand. The U.S. in normal...
Couldn't agree more with the sentiment. We are not alone in believing what money we have has been devalued to dust. I just hope from my perspective the illusion is restored and the market now runs up for another couple of years from here and putin/mbs take it down a few levels before decent folk lose their jobs too. Don't get me wrong, my money is hard earned from good old fashioned work. I've watched my money disintegrate in value...but perhaps you just can't beat the game...my thoughts after these years of sitting on the sidelines, after all I am only here looking for divis because my savings can't get me a fair 4% sat tucked away in an account....or in a rental project because the ror is pathetic with too much risk of tenant default etc, as a result, as you say house prices are now distorted by almost a factor of 1.5/2 because of the fake borrowing power....where to go but join the smokes and mirror and try for some yields?
  • #55,487
  • Mar 14, 2020 11:28pm Mar 14, 2020 11:28pm
Quoting Boulder
{quote} thanks... I don't need work for any prop firms... I trade very big accounts already.... I am not a guy either..
Size not account. That's a difference in trading term.

Boulder you're one of the people that I see on the front page daily.

I've seen posts that would've decimated an account again and again.

It's easy to distinguish that there are no real traders here beyond boom and busters. It's apparent after reading a few posts.

Trading isn't a social endeavor. Day in day out posting trades or analysis is self defeating; unless there's a motive. It's really about the forum poster him/herself.

Boulder, I would suggest that you find a mentor. I think I've seen your snapshots of bloomberg (I think I used the terminal maybe three times as a captive ..it's overkill). I know you like your information from newsquawk as well. I recommend Livesquawk, it's a cleaner more streamlined product for the trader. So I know you can afford a good mentor if you really want to learn what trading is about.

You seem like a nice girl.

On a separate note to Forexfactory members:
NEVER give money to anyone here to manage etc. I can tell you as former registered person w/finra n NFA the industry is riddled with arbitration and misconduct on all levels. There's a formal avenue to litigation. Outside of any regulated environment you're on your own. If this has happened to you with substantial money I recommend compiling your correspondence etc. with these people and pursue getting your monies back by legal means if necessary - even more so if both parties are in the same country. These people are not professional traders and are not bound by any form of prudence.

And if you are one of these "traders" shame on you.
  • #55,488
  • Mar 15, 2020 1:42am Mar 15, 2020 1:42am
Quoting Fml
{quote} . You seem like a nice girl. On a separate note to Forexfactory members: NEVER give money to anyone here to manage etc. I can tell you as former registered person w/finra n NFA the industry is riddled with arbitration and misconduct on all levels. There's a formal avenue to litigation. Outside of any regulated environment you're on your own. If this has happened to you with substantial money I recommend compiling your correspondence etc. with these people and pursue getting your monies back by legal means if necessary - even more so if both...

Its all just one persons opinion
  • #55,489
  • Mar 15, 2020 4:27am Mar 15, 2020 4:27am
Quoting gatorinla
{quote} I could tackle this point by point, but lack the will. Here is a few, it's delusional to think oil will rise that much. In the short term for more than a spike. First off the capacity is a 90 day supply, if it was pumped dry. Guess where I live? Guess where those salt domes are located? Louisiana and Texas, my backyard. This no more than a sugar high for political reasons. Cushing Ok. is already full, like in 2008. Tankers are already full, with no port to go to like in 2008. So this U.S. slowdown takes pressure off demand. The U.S. in normal...
1.We said this things back in 2008. it will not happen. too big to fail. the economy, the rich and so on.
2. first money people get as business owners will not get into economy it will go personal.

so while I agree with you there is 1% chance of that happening. as I see this time small businesses are to big to fail right now. same thing talking in my c.

deflation ? yes. since money coming in in extension, credits, will not go into economy.
BS talked about reserves, if you want to buy something you don't brag so the price to go up. you are bragging just to keep your friends solvent
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,490
  • Mar 15, 2020 4:30am Mar 15, 2020 4:30am
Quoting priceaction1
https://www.youtube.com/watch?v=oyQN...gVJyRM&index=1 City is going to lockdown many people are not ready for this. Will see the dark side of humin nature every thing which helpfull to fight with this virus, simply priced x10 worest is coming for most part of world.
same thing here, peoples are blocking their friends or relatives or co nationals to get into the country. big fight because now they say that workers in italy coming back are bringing the virus here. extremely disappointing. there were years when we have policy to get people back to Romania so we can grow here stronger. now people are coming back and there is only hate.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,491
  • Mar 15, 2020 4:42am Mar 15, 2020 4:42am
Quoting OutThere
{quote} Those are really nice graphics but the caveat is that Cronavirus is not finished yet. It's just at an evolving stage. Did the people during each previous outbreak know how big theirs was going to last? Only years from now we will be able to look back and do a proper comparison.
agree- i was just saying how big others were - and the risk here.
now. an unofficial information and not something that can't be proven.
Romanian doctors are very good, also a lot of them are working abroad,
Some doctors here says that the corona virus in Italy has mutating in some way from other version.
Now again not sure if this will be official or true or anything. just watch china working - if china workers are infected again or this virus somehow mutates well it's game over.

so the pictures are to report the magnitude that can happen.

Isn't it strange to see - everywhere in Media - hey guys relax it's only 1-2-3 months of problems and after that V shape recovery. are you kidding me?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,492
  • Mar 15, 2020 4:49am Mar 15, 2020 4:49am
Quoting gatorinla
{quote} I could tackle this point by point, but lack the will. Here is a few, it's delusional to think oil will rise that much. In the short term for more than a spike. First off the capacity is a 90 day supply, if it was pumped dry. Guess where I live? Guess where those salt domes are located? Louisiana and Texas, my backyard. This no more than a sugar high for political reasons. Cushing Ok. is already full, like in 2008. Tankers are already full, with no port to go to like in 2008. So this U.S. slowdown takes pressure off demand. The U.S. in normal...

There are banks here who already gave statements to customer on delaying principal and interest for 90 days. and it's not panic yet. so they will try to get into this thing of helping people if they are help by gov. and they will and when this thing happen the machine of QE is working non stop

So as a gov official what do you want. all people unemployed and pay by gov ? or you give money to business and they pay the people.
who on this planet will say. let capitalism work ? Bernie was a socialist ? you will see Trump and everybody else following.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,493
  • Mar 15, 2020 5:05am Mar 15, 2020 5:05am
Quoting DMA Trader
{quote} agree- i was just saying how big others were - and the risk here. now. an unofficial information and not something that can't be proven. Romanian doctors are very good, also a lot of them are working abroad, Some doctors here says that the corona virus in Italy has mutating in some way from other version. Now again not sure if this will be official or true or anything. just watch china working - if china workers are infected again or this virus somehow mutates well it's game over. so the pictures are to report the magnitude that can happen....
Gatorinla posted a really clever resource/idea some weeks back when i was a reader not poster - Tom tom traffic jams/traffic volumes, almost a perfect way to gauge true activity there. They are returning to work for real, Wuhan, I think not so much though...
  • #55,494
  • Mar 15, 2020 5:08am Mar 15, 2020 5:08am
We Just Have Our First Covid-19 Case Here Today, Sunday, In Uzbekistan.
Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #55,495
  • Mar 15, 2020 5:13am Mar 15, 2020 5:13am
DMA-Trader, Congratulations On Your New Red Flag (High Impact Member)


Your Kung Fu Is Strong
Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #55,496
  • Mar 15, 2020 5:14am Mar 15, 2020 5:14am
Quoting Pip-loser
{quote} I Am Novice Trader
strategy looks good. there are some difference in my charts based on some indicators are different as values but close to what i see
my advice is stay flexible, I've seen my indicators work very well over time but sometimes they don't so try to be very flexible and if you are into a position try to find reason why you are wrong. - that pink line you have think about it flexible like they say with the flexible 2% inflation. could be above could be below still doesn't decide a trend

also i see you talk about lots please be careful with your position. you said something about stops. you are in a record VIX environment. you could be stopped out and then it goes your way so better imho trade smaller so you can have stops set on a bigger distance (hard to determine because of volatility)

i think you are going good, so just don't over leverage. we've seen some cases this week about some traders. here.

nobody killed himself on getting smaller profits. be safe.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,497
  • Mar 15, 2020 5:16am Mar 15, 2020 5:16am
Quoting Pip-loser
DMA-Trader, Congratulations On Your New Red Flag (High Impact Member) Your Kung Fu Is Strong
it doesn't mean much trust me. no need for kung fu. ego doesn't help a bit in markets
being humble in trading is very important.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,498
  • Mar 15, 2020 5:21am Mar 15, 2020 5:21am
Quoting PxtzP
Dow -900 so far
i thnik you are reffering to weekend wall street and DJI bets. there are many weekends that they are nor reliable.
i am short from Friday ramp up on SPX. over this QE - bazooka thing and guarantee that nobody is going under. you can see rally gooing in next week
Dow Jones to 25.000 maybe than another leg down.

but those information are not really reliable over many weekends. it would be good for me though ... on trading
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,499
  • Mar 15, 2020 5:22am Mar 15, 2020 5:22am
anyone read something better than this one ? to recomend ?

https://www.amazon.com/Great-Crash-1...4266564&sr=8-1

Enjoy Sunday, stay safe
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,500
  • Mar 15, 2020 5:29am Mar 15, 2020 5:29am
Quoting Fml
{quote} Size not account. That's a difference in trading term. Boulder you're one of the people that I see on the front page daily. I've seen posts that would've decimated an account again and again. It's easy to distinguish that there are no real traders here beyond boom and busters. It's apparent after reading a few posts. Trading isn't a social endeavor. Day in day out posting trades or analysis is self defeating; unless there's a motive. It's really about the forum poster him/herself. Boulder, I would suggest that you find a mentor. I think...

I think you go on a very unfair road, you already seems to know everything about one or other and this is impossible just by reading
Some traders, good or bad are trying to bring contribution here, and Boulder has years of contribution to this thread.
I also see you come here on this thread time to time to get on Boulder. I find it offending and disrespectful from you
You also said some moves would kill accounts could be true or not depending on leverage. Also everybody has bad days weeks months maybe year.
But seeing no contribution here from you this year just attacking others who bring resources and trade ideas here is offending.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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