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The Swamp

  • #56,761
  • Mar 19, 2020 7:40pm Mar 19, 2020 7:40pm
almost 14.000 cases close to Germany but 200 deaths almost double

i think in a few days it will be on #3 after china and italy
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,762
  • Mar 19, 2020 7:42pm Mar 19, 2020 7:42pm
https://inews.co.uk/news/health/coro...-cases-2502388

If you read between the lines, 0.18 fatality rate vs 2.2 in UK, you would have to expect uk has 11 times more cases unreported spreading the virus...one would expect cases to accelerate quickly in UK now.
  • #56,763
  • Mar 19, 2020 7:43pm Mar 19, 2020 7:43pm
The equity and derivatives markets are not the problem - the problem is in credit, with haywire conditions running rampant. The Fed has been dropping megatons of cash on the problem but it's not working. At some point they will have to close the banks because that is the only and last thing they can do. When that happens, the exchanges will have to close too.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #56,764
  • Mar 19, 2020 7:55pm Mar 19, 2020 7:55pm
Quoting The Fool
The equity and derivatives markets are not the problem - the problem is in credit, with haywire conditions running rampant. The Fed has been dropping megatons of cash on the problem but it's not working. At some point they will have to close the banks because that is the only and last thing they can do. When that happens, the exchanges will have to close too.
I don't think that's even possible is it? I mean, how do you pay for food etc. When you say close banks, are we on the same level here - no credit card machines, atms stop working, no longer able to exchange currency?
  • #56,765
  • Mar 19, 2020 8:06pm Mar 19, 2020 8:06pm
I don't know how it'd work. It's only been done once before, by Roosevelt for just 1 week in 1933. I'm not saying we are there yet, but you can see it coming....

https://www.yahoo.com/finance/news/s...165419695.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #56,766
  • Mar 19, 2020 8:20pm Mar 19, 2020 8:20pm
Quoting DMA Trader
close a lot of positions took some loses even on gold. equity had a record yesterday and then slowly going down . moving money again from account some of them in investments since i see panic agaom some of them out of trading/investment. I've had this kind of trading before reaching highs and then bad days next I was uncomfortable all day. no position left in any accounts. starting again - i will also use stops a few days, i don't feel the market ok i was trying to see if it goes against me how i will trade. so just closed everything. - maybe it's...
Good Morning DMA

After A Winning Streak Its Always Best To Take One Day Break From Trading And Start Again

Long EUR/USD 100,000 Units At 1:06666 Target 1:08300

The Charts Say Up



I Am A Novice Trader
Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #56,767
  • Mar 19, 2020 8:24pm Mar 19, 2020 8:24pm
Quoting The Fool
I don't know how it'd work. It's only been done once before, by Roosevelt for just 1 week in 1933. I'm not saying we are there yet, but you can see it coming.... https://www.yahoo.com/finance/news/s...165419695.html
Since then, (Roosevelt) the law is Banks can only remain closed, for 3 day consecutive. It would take an act of congress to change that.
those who can, do. those who cant, talk about those who can
  • #56,768
  • Mar 19, 2020 8:33pm Mar 19, 2020 8:33pm
Next corona hot spot is Florida. Give it a few days. Italy style in less than 1 week. A lot of retirees are in Florida. 21% are 65 or older. http://edr.state.fl.us/Content/popul...Census_Day.pdf
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those who can, do. those who cant, talk about those who can
  • #56,769
  • Mar 19, 2020 8:38pm Mar 19, 2020 8:38pm
right, which they could do and maybe would if confronted with another meltdown of the financial system. This virus is on a par with Pearl Harbor or a natural disaster of unimaginable proportions, like an asteroid strike. It's like a 1000-ft tsunami that you know is coming, you can see it out there, it just hasn't hit yet.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #56,770
  • Mar 19, 2020 8:40pm Mar 19, 2020 8:40pm
Quoting gatorinla
Next corona hot spot is Florida. Give it a few days. Italy style in less than 1 week. A lot of retirees are in Florida.
yeah they just had Spring Break - all the infected kids will be going back home to CT and OH and MI....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #56,771
  • Mar 19, 2020 8:41pm Mar 19, 2020 8:41pm
CA on "Safer at home" the whole state....a stay at home order...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #56,772
  • Mar 19, 2020 8:55pm Mar 19, 2020 8:55pm
first trade short one here 1.0737
  • #56,773
  • Mar 19, 2020 9:01pm Mar 19, 2020 9:01pm
Quoting Boulder
first trade short one here 1.0737
7 mins , +26 pips , closed at 0711...love it...
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  • #56,774
  • Mar 19, 2020 9:06pm Mar 19, 2020 9:06pm
Quoting Boulder
{quote} 7 mins , +26 pips , closed at 0711...love it... {image}
Congratulations!!!

The Charts Say Up.

I Am Holding To Make 164 Pips - Target 1:0830



If This Trade Closes Successfully, I Would Finish Trading For The Week.
I Had Planned To Take 2 Days Break, But Decided To Only Take One Day Break Instead
Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #56,775
  • Mar 19, 2020 9:09pm Mar 19, 2020 9:09pm
Quoting Pip-loser
{quote} Congratulations!!! The Charts Say Up. I Am Holding To Make 164 Pips - Target 1:0830
You might get it.. good luck...
  • #56,776
  • Mar 19, 2020 9:11pm Mar 19, 2020 9:11pm
Quoting Boulder
{quote} You might get it.. good luck...
Stop Loss Set To Break Even 1:0666

Risk Free Trade Running

Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #56,777
  • Mar 19, 2020 9:15pm Mar 19, 2020 9:15pm
Quoting Pip-loser
{quote} Stop Loss Set To Break Even 1:0666 Risk Free Trade Running
only one long running here with 1.08 TP.. we might see it tonight..since 20 day avg adr 226, 91 reached atm
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  • #56,778
  • Mar 19, 2020 9:25pm Mar 19, 2020 9:25pm
try again at 0741... maybe a little early on this one..
  • #56,779
  • Mar 19, 2020 9:28pm Mar 19, 2020 9:28pm
Quoting Boulder
{quote} only one long running here with 1.08 TP.. we might see it tonight..since 20 day avg adr 226, 91 reached atm {image}
In These Unusual Times are ADR's still helpful? Please Advise.

I Am Using Trend Lines, Very Helpful For Me.

I Saw The Buy Entry Because We Were At A Monthly Support 1:06548 And There Was A Trend Line Break And A Bullish Candle For The Trigger And I Took The Buy.

My Take Profit Of 1:0830 Was Decided Because It Will Meet With The Downward Sloping Trend Line Above.

So I Am Getting Out Just Before Price Hits The Trend Line Above.

Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #56,780
  • Mar 19, 2020 9:30pm Mar 19, 2020 9:30pm
Quoting Boulder
try again at 0741... maybe a little early on this one..
yout russian # is at 0746/47.. 5 min at 0748... possible R there.
those who can, do. those who cant, talk about those who can
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