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The Swamp

  • #55,741
  • Mar 16, 2020 2:36am Mar 16, 2020 2:36am
destruction
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Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,742
  • Mar 16, 2020 2:38am Mar 16, 2020 2:38am
Quoting DMA Trader
BoJ Gov Kuroda: ETF Purchases Does Not Presume Specific Stock Prices -Difficult To Comment What To Do Next If COVID-19 Impact Is Prolonged
Living on a Volcano, and eating seaweed, they are Phucked.
those who can, do. those who cant, talk about those who can
  • #55,743
  • Mar 16, 2020 2:40am Mar 16, 2020 2:40am
i think a possibility is that CB's are trying to keep fx rates stable
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,744
  • Mar 16, 2020 2:43am Mar 16, 2020 2:43am
Quoting DMA Trader
DAX is almost 40% down from the top
SnP taking out the 2018 low gets it there too

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"If The Fool persists in his Folly he will become wise." - William Blake
  • #55,745
  • Mar 16, 2020 2:49am Mar 16, 2020 2:49am
My mentor, note the advice given January short yen, aud nzd cad, then pull up monthly charts and check out jan feb march, this guy is gold
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  • #55,746
  • Mar 16, 2020 2:49am Mar 16, 2020 2:49am
i think i will be stupid but i will buy something again today on stock portfolio. i know we can go 50% down. depending on the panic. ...
at this point we either close the markets or we states all over world would nationalize everything

not a recommendation in any way. i feel pretty sure it's a dumb move
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,747
  • Mar 16, 2020 2:51am Mar 16, 2020 2:51am
Quoting DMA Trader
i think a possibility is that CB's are trying to keep fx rates stable
or just franky pump..

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those who can, do. those who cant, talk about those who can
  • #55,748
  • Mar 16, 2020 2:55am Mar 16, 2020 2:55am
Quoting KiwiTrada
{quote} gj grinding support ?? edit 131 oo psych next wall
kiwi almost there 6005 come on bears, 60cent could prove explosive 61cent au is comparative??
If you are new to Forex? Say Goodbye to your account!!
  • #55,749
  • Mar 16, 2020 2:57am Mar 16, 2020 2:57am
Quoting DMA Trader
i think a possibility is that CB's are trying to keep fx rates stable
GBP is hit hard.
is it because of heard immunity/mentality or ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,750
  • Mar 16, 2020 3:09am Mar 16, 2020 3:09am
Maybe this Monday move like previous Monday
Holy Betting Grail strategy
  • #55,751
  • Mar 16, 2020 3:09am Mar 16, 2020 3:09am
Today - outside of china will have bigger numbers of Covid 19 than China Itself. and it's just the beginning
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,752
  • Mar 16, 2020 3:09am Mar 16, 2020 3:09am
Quoting DMA Trader
i think i will be stupid but i will buy something again today on stock portfolio. i know we can go 50% down. depending on the panic. ... at this point we either close the markets or we states all over world would nationalize everything not a recommendation in any way. i feel pretty sure it's a dumb move
I am looking for a soggy bottom sometime after the testing data really rolls in. Markets thumb nose at Fed bazooka so long as there is uncertainty about what we are in for - what can be expected for infection rate trajectory, mortality, etc. That might be weeks from now... I don't think the 2018 low will hold and will probably be in the rearview within days. Yeah, I would hold off buying stocks. If you can trade options and want to buy calls at least that won't hurt you too much & buy them at expiries out past June at least. Good luck....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #55,753
  • Mar 16, 2020 3:11am Mar 16, 2020 3:11am
we will all be full of oil reserves
we could all get a few barrels in our backyard.
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Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,754
  • Mar 16, 2020 3:14am Mar 16, 2020 3:14am
Quoting The Fool
{quote}I am looking for a soggy bottom sometime after the testing data really rolls in. Markets thumb nose at Fed bazooka so long as there is uncertainty about what we are in for - what can be expected for infection rate trajectory, mortality, etc. That might be weeks from now... I don't think the 2018 low will hold and will probably be in the rearview within days. Yeah, I would hold off buying stocks. If you can trade options and want to buy calls at least that won't hurt you too much & buy them at expiries out past June at least. Good luck....
thanks, kind of the same view
regarding options, i still think there is a possibility that they shut down the markets. i mean what's the point for companies to have everything destroyed.
it's not only the price, there are collateral's, cds, and some other instruments that will just kill everything
so on markets shuts down option will just expire. bf they open
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,755
  • Mar 16, 2020 3:15am Mar 16, 2020 3:15am
Commerzbank Is To Close Several Hundred Branches, With Exact Number To Be Determined
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,756
  • Mar 16, 2020 3:20am Mar 16, 2020 3:20am
Quoting DMA Trader
{quote} thanks, kind of the same view regarding options, i still think there is a possibility that they shut down the markets. i mean what's the point for companies to have everything destroyed. it's not only the price, there are collateral's, cds, and some other instruments that will just kill everything so on markets shuts down option will just expire. bf they open
...good question....I'm not sure anything like this has happened in modern times except the 1-week shut-down after 9/11. I doubt that shut down wiped out any open interest. If you buy options with expiries out far enough (June?) then they should till be there when the exchanges open again.

Of course no trade always a decent trade, maybe the best.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #55,757
  • Mar 16, 2020 3:20am Mar 16, 2020 3:20am
Quoting Pip-loser
{quote} WMA Now At 1:12064 And Falling The Chart Says Down Pink Downward Sloping Trend Line Test Again Possible
imho be flexible. zoom out on larger time frame. go with small position
it's do or die now. and after yesterday move from the FED market hit them hard.
more intervention will come from all CB's may see currency peg and other things in order to stabilize
this is not the environment we are used to

look on the daily chart. closing here would mean just a pullback from 1.144 and testing highs.
not saying it will just be flexible

also h4 close above 1.12 would be bullish. maybe range. for now...
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,758
  • Mar 16, 2020 3:22am Mar 16, 2020 3:22am
Quoting The Fool
{quote}...good question....I'm not sure anything like this has happened in modern times except the 1-week shut-down after 9/11. I doubt that shut down wiped out any open interest. If you buy options with expiries out far enough (June?) then they should till be there when the exchanges open again. Of course no trade always a decent trade, maybe the best.
yeah this is it with options and no one knows what happens. but shutting down the market imho would mean they expire.
not sure US thinks of shutting them down but think about Covid-19 - i know there are a lot of machines and algo, but people are still required to operate them.
what happens if they are not allowed too

China did stop them
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,759
  • Mar 16, 2020 3:27am Mar 16, 2020 3:27am
Quoting DMA Trader
{quote} yeah this is it with options and no one knows what happens. but shutting down the market imho would mean they expire. not sure US thinks of shutting them down but think about Covid-19 - i know there are a lot of machines and algo, but people are still required to operate them. what happens if they are not allowed too China did stop them
it's actually the reason i will buy today on a big panic. shutting markets down would mean they open them after the virus. so we go up
anyway - could also mean this happens 50% below this level. there is no news about closing markets. just a thought
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,760
  • Mar 16, 2020 3:29am Mar 16, 2020 3:29am
The Bank of Korea slashed its benchmark interest rate to a record low of 0.75% in an emergency move
Rule No.1: Never lose money. Rule No.2: Market is always right !
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