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  • #1,171,581
  • Jun 3, 2020 2:54pm Jun 3, 2020 2:54pm
Quoting Matts Micro
{quote} I don't really trade fundies. It's always at the back of the mind but I only trade what I see (TA). Don't forget it always takes 2 to tango ie +euro. There will also always be market makers on board and they will fetch a price down or up regardless of trump tweets etc to clean themselves of positions which could mean eg 100-300 pip corrections. I don't play with that sort of DD. One of the reasons (hard learnt) I don't trade on the news.
Imo the fundamentals give the longer term direction and the TA is used for entries & targets..

fundamentals of USD is changing as is the fundamentals of free market capitalism... China, Iran & Russia will jump on the opportunity to ditch the dollar & imo they’re moving away from it as the reserve currency, trump throwing his sanctions around like a spoilt kid has had detrimental effect longer term... feds endless money printing supply & realistically a lot more funds, businesses and financial players waking up to the fact the dollar could be on its way out.

if I was to make a very bold guess, it would be November 2020 - March 2021 we will really start to see it cracking, but be sure, it’s certainly coming.
Que Sera
  • #1,171,582
  • Jun 3, 2020 2:58pm Jun 3, 2020 2:58pm
Quoting Catempire
{quote} ...trump throwing his sanctions around like a spoilt kid has had detrimental effect longer term...
You only talk like that on this issue because you have apparently been conditioned to accept unfairness.
Learn from your mistakes and march on.
  • #1,171,583
  • Jun 3, 2020 3:05pm Jun 3, 2020 3:05pm
Quoting Catempire
{quote} Imo the fundamentals give the longer term direction and the TA is used for entries & targets.. fundamentals of USD is changing as is the fundamentals of free market capitalism... China, Iran & Russia will jump on the opportunity to ditch the dollar & imo they’re moving away from it as the reserve currency, trump throwing his sanctions around like a spoilt kid has had detrimental effect longer term... feds endless money printing supply & realistically a lot more funds, businesses and financial players waking up to the fact the dollar could...
...and I'll be there to trade it all on the ST charts. I trade immediate swings- up-correction, up- correction, up-down-correction, down-correction etc. Daily means nothing to me when I'm trading 5m charts except perhaps for immediate previous structure sup/res etc. Weekly on 5m charts doesn't even get a mention..

Just me and my trading style

GL.
As the lights go by so too do the shadows move
  • #1,171,584
  • Jun 3, 2020 3:07pm Jun 3, 2020 3:07pm
Quoting here2there
{quote} You only talk like that on this issue because you have apparently been conditioned to accept unfairness.
that quite the bold comment considering we’ve conversed once & you know nothing on my understanding on anything... I’d love you to elaborate?
Que Sera
  • #1,171,585
  • Jun 3, 2020 3:08pm Jun 3, 2020 3:08pm
Quoting Matts Micro
{quote} ...and I'll be there to trade it all on the ST charts. I trade immediate swings- up-correction, up- correction, up-down-correction, down-correction etc. Daily means nothing to me when I'm trading 5m charts except perhaps for immediate previous structure sup/res etc. Weekly on 5m charts doesn't even get a mention.. Just me and my trading style GL.
Not knocking it at all mate... your comment regarding it being similar to fingerprints is bang on.
Que Sera
  • #1,171,586
  • Jun 3, 2020 3:12pm Jun 3, 2020 3:12pm
Quoting Catempire
{quote} that quite the bold comment considering we’ve conversed once & you know nothing on my understanding on anything... I’d love you to elaborate?
I will elaborate on this. You are wrong about US dollar. It will be a reserve currency. These are just times that the economy needs some adjustments. Russia and China will not ditch the us dollar. The reason why because Chinese and Russians have a lot of businesses in North America, so they will stick with the strong which is US dollar. But because I live in North America and I am sure a lot of other people live here too from FF, I strongly support North American economy and US dollar will stay a strong currency. Before you know it, US will open a war in some country and there it is, a lot of businesses and opportunities will come. Plus other inventions, technology and so on. Plus the debt that America owns to China, which is in trillions, China will never turn their back on that. They will always want their debt, obviously the debt will never be payed off in full, but they will keep paying it to China.

China owns about $1.1 trillion in U.S. debt, or a bit more than the amount Japan owns. Whether you're an American retiree or a Chinese bank, American debt is considered a sound investment.

Sound investment means that you believe the company is very stable with reasonable growth, great cash flow and an insane amount of cash on the balance sheet...
  • #1,171,587
  • Jun 3, 2020 3:28pm Jun 3, 2020 3:28pm
Quoting Techanalyst
{quote} I will elaborate on this. You are wrong about US dollar. It will be a reserve currency. These are just times that the economy needs some adjustments. Russia and China will not ditch the us dollar. The reason why because Chinese and Russians have a lot of businesses in North America, so they will stick with the strong which is US dollar. But because I live in North America and I am sure a lot of other people live here too from FF, I strongly support North American economy and US dollar will stay a strong currency. Before you know it, US will...
To be completely frank, you’re wrong, as with most large changes in history 99.9% of people can’t see it happening until it is to late.

reminds me of how confident people were the markets wouldn’t drop, just before..... they dropped.

why do you think China has put so much effort into their crypto ?

Being North American i can understand why your view of not only the dollar but also the status of the USA as a whole is tainted but the empire will crumble once it becomes more favourable for it to happen then it to not.

which is.... right about.... now.

https://m.youtube.com/watch?feature=...&v=JqBOsWrI6pw
Que Sera
  • #1,171,588
  • Jun 3, 2020 3:45pm Jun 3, 2020 3:45pm
Quoting Catempire
{quote} To be completely frank, you’re wrong, as with most large changes in history 99.9% of people can’t see it happening until it is to late. reminds me of how confident people were the markets wouldn’t drop, just before..... they dropped. why do you think China has put so much effort into their crypto ? Being North American i can understand why your view of not only the dollar but also the status of the USA as a whole is tainted but the empire will crumble once it becomes more favourable for it to happen then it to not. which is.... right about.......
No, not going to happen. Dollar will not crumble. Dollar will stay strong. I won't even go into crypto currencies. Those are so far useless. If one day they become as a currency of the country, than maybe things will change. But not happening soon. If or when it happens, we will all have cryptos, so US will still be there so is Canada and so are others in the world. Sorry to disappoint you, but America will prevail for a very long time. As for Putin, he needs to take care of his own people in Russia first. Sure he says a lot of things and so on, but he is in the same bed with USA. A lot of poor people in Russia that live the same just like in Soviet times. Putin needs to worry about his own people and not talk nonsense about America. These are all just videos, things will be fine sooner or later.
  • #1,171,589
  • Jun 3, 2020 3:54pm Jun 3, 2020 3:54pm
Quoting Techanalyst
{quote} No, not going to happen. Dollar will not crumble. Dollar will stay strong. I won't even go into crypto currencies. Those are so far useless. If one day they become as a currency of the country, than maybe things will change. But not happening soon. If or when it happens, we will all have cryptos, so US will still be there so is Canada and so are others in the world. Sorry to disappoint you, but America will prevail for a very long time. As for Putin, he needs to take care of his own people in Russia first. Sure he says a lot of things and...

Given the almost impossible levels of debt that the US and all other countries have amassed one of the possible solutions would be to willingly let inflation run out of control to basically "erase" the debt (1trillion in debt becomes 1billion if the currency is inflated by 1k%). This would cause most to look for a hedge against inflation (hard assets esc.), and one of those will most likely be a digital coin since it's "debt free". Rather than let their control disappear I would expect the world central banks to create a digital currency rather than let Bitcoin or one of those be the full beneficiary.

End of the day it really will just have to be played as things manifest... Still, something to keep in mind.
  • #1,171,590
  • Jun 3, 2020 3:57pm Jun 3, 2020 3:57pm
The other thing is who do you think made China rich? North American businesses, that closed their companies here, and opened them up in China because of cheap labour. China also has a big poor population. They have rich people, that flooded North American real estate, especially Canada, most of the people that have expensive houses in Vancouver and Toronto are Chinese business people. How long will that last? You think China is untouchable? Look at the Hong Kong protests too, China wants to take over HK and wants to rule over their banks. HK won't have it. So as much as you think that US is in chaos, so are other countries. You just have to search for it online, because they will not show it on regular news channel. America is a world police and has been for a long time. What do you think would happen if China becomes world police? We would be working just like most of their people for 12+ hours to have a piece of bread on the table, a glass of water, and there would be 10 of us living in a one bedroom apartment.
  • #1,171,591
  • Jun 3, 2020 3:58pm Jun 3, 2020 3:58pm
Quoting mmccormac
{quote} Given the almost impossible levels of debt that the US and all other countries have amassed one of the possible solutions would be to willingly let inflation run out of control to basically "erase" the debt (1trillion in debt becomes 1billion if the currency is inflated by 1k%). This would cause most to look for a hedge against inflation (hard assets esc.), and one of those will most likely be a digital coin since it's "debt free". Rather than let their control disappear I would expect the world central banks to create a digital currency...
Another possibility that they will do that. Could happen, will see.
  • #1,171,592
  • Jun 3, 2020 4:05pm Jun 3, 2020 4:05pm
Quoting Catempire
{quote} that quite the bold comment considering we’ve conversed once & you know nothing on my understanding on anything... I’d love you to elaborate?
You didn't notice the words (your ignorant words) I put in bold type?
Learn from your mistakes and march on.
  • #1,171,593
  • Jun 3, 2020 4:10pm Jun 3, 2020 4:10pm
Quoting Techanalyst
The other thing is who do you think made China rich? North American businesses, that closed their companies here, and opened them up in China because of cheap labour. China also has a big poor population. They have rich people, that flooded North American real estate, especially Canada, most of the people that have expensive houses in Vancouver and Toronto are Chinese business people. How long will that last? You think China is untouchable? Look at the Hong Kong protests too, China wants to take over HK and wants to rule over their banks. HK won't...

Yeah, along with businesses from many other countries as well... Something interesting to note is that this current virus situation that popped up is causing many large companies to divert manufacturing to India already (makes total sense now to hedge this apparent risk of keeping everything coming from China). -My opinion- This whole situation is going to be very costly for China as alternatives are sought out and without any political bias I would still be shorting China and going long other countries which create another option for manufacturing.
  • #1,171,594
  • Jun 3, 2020 4:16pm Jun 3, 2020 4:16pm
Quoting here2there
{quote} You didn't notice the words (your ignorant words) I put in bold type?
You only talk like that on this issue because you have apparently been conditioned to accept unfairness.

That’s all you have and you have the nerve to call someone out on being ignorant?
Que Sera
  • #1,171,595
  • Jun 3, 2020 4:18pm Jun 3, 2020 4:18pm
Quoting mmccormac
{quote} Yeah, along with businesses from many other countries as well... Something interesting to note is that this current virus situation that popped up is causing many large companies to divert manufacturing to India already (makes total sense now to hedge this apparent risk of keeping everything coming from China). -My opinion- This whole situation is going to be very costly for China as alternatives are sought out and without any political bias I would still be shorting China and going long other countries which create another option for manufacturing....
Yes, Agreed. & with that it gives China far less reason to be loyal to the dollar especially considering it is the “ trump “ Card (pun intended)

Americas government are the bully boys of the world I’m pretty sure every other country would happily see them lose some power.

it’ll happen- it’s already happening.
Que Sera
  • #1,171,596
  • Jun 3, 2020 4:19pm Jun 3, 2020 4:19pm
Quoting mmccormac
{quote} Yeah, along with businesses from many other countries as well... Something interesting to note is that this current virus situation that popped up is causing many large companies to divert manufacturing to India already (makes total sense now to hedge this apparent risk of keeping everything coming from China). -My opinion- This whole situation is going to be very costly for China as alternatives are sought out and without any political bias I would still be shorting China and going long other countries which create another option for manufacturing....
Thank you exactly. Also keep in mind that North America wants their companies and jobs back. That is what is happening too.

The other thing I want it to mention about US dollar is, the only things it could happen is Federal reserve issues 100% pure digital currency, obviously they would still control it. They would have even more control over the world...
  • #1,171,597
  • Jun 3, 2020 4:21pm Jun 3, 2020 4:21pm
The fed globalisation is a double edged sword for America. It’s like the ducks couldn’t get any more in position for a switch up than they are currently & tbf I quite like the fact America on the large part still sees itself as untouchable.

I think they’re going to get a right kick up the arse... China currently rolling out digital currency in 4 cities, second largest exporter being one.
Que Sera
  • #1,171,598
  • Jun 3, 2020 4:25pm Jun 3, 2020 4:25pm
Quoting Techanalyst
{quote} Thank you exactly. Also keep in mind that North America wants their companies and jobs back. That is what is happening too. The other thing I want it to mention about US dollar is, the only things it could happen is Federal reserve issues 100% pure digital currency, obviously they would still control it. They would have even more control over the world...
Countries wouldn’t adopt it tho that’s the point, you need people to use your currency - people & countries wouldn’t adopt a fed digital currency.

outside America people’s views of America arnt particularly great many countries would happily fuck the dollar off, do you think Europe or the east wants anything to do with American globalisation? No chance.
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  • #1,171,599
  • Jun 3, 2020 4:26pm Jun 3, 2020 4:26pm
One more kiss to 1.12 65-70 is possible and I will take advantage to short IF seen..... SL 200 pips...above....
  • #1,171,600
  • Jun 3, 2020 4:32pm Jun 3, 2020 4:32pm
Quoting Catempire
{quote} Countries wouldn’t adopt it tho that’s the point, you need people to use your currency - people & countries wouldn’t adopt a fed digital currency. outside America people’s views of America arnt particularly great many countries would happily fuck the dollar off, do you think Europe or the east wants anything to do with American globalisation? No chance.
Well since you're from UK, if China prevails with their Russia allies, good luck to you, because you will be their slave. So think before you wish something bad to America. No matter what happens, we in North America are going to be fine, we got Europe's back, but if that happens, good luck because you're going to need it. We won't be there to watch your back. Also NATO was useless that is why Trump cut off the funding to NATO. Every war they went to was America, NATO was just there to be there. But I hope for your sake in Europe that does not happen, because you will see and feel the Chinese discipline big time. They are very hard on their own people in labour. What do you think how are they going to be with you? Think before you try to write something like that. BUT, that is not going to happen, China will not prevail. China also knows, that most of the crap stuff they make it is a big % of that shipped to North America. No one wants to buy China crap except North America. Let's see how they do if we were to close our doors and say we don't need your products anymore. There is a lot of things behind this possibly some that we do not know about. China needs us as much as we need them. So is with Russia.
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