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  • #1,208,381
  • Jan 17, 2022 11:42pm Jan 17, 2022 11:42pm
Quoting trumps
{quote} If these yields are climbing like you said they would, why do you think the USD should be going down? Last year you were telling me (correctly), that as the yields rise, the USD will rise (which is precisely what is happening). Are you basing your USD analysis solely on a bearish USD daily TL break just above major USD support and ignoring the yield chart? The daily TL is shown to be a false break. However, the weekly and monthly timeframes are yet to confirm this. {image} {image} {image}
He doesn't know what macroeconomics analysis is. You can tell, he is confused, we have been talking about this for hours. He can't even understand interest rate. He does not get it, because he is stuck in a retail mind set, he is trading strictly based off magical trend lines on higher time frames, which is not the way to trade. But he will argue and call me confused, meanwhile I have shared certain currencies like EURUSD and said that it is bearish and i have provided the macro analysis. But he won't get it just like majority of retail traders. They are stuck in that cave where they think magical waves will help them succeed in this business, which is not the case, and they will keep losing money. Some people are immune to good advice.
  • #1,208,382
  • Jan 17, 2022 11:46pm Jan 17, 2022 11:46pm
Quoting tommydoginti
{quote} No that is wrong. {image}
well thats 0.08% basically 0
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,383
  • Jan 17, 2022 11:47pm Jan 17, 2022 11:47pm
Quoting Techanalyst
{quote} Yawning. You have been schooled. You are not getting it. Macro analysis takes time to learn. We have been talking for hours about interest rate and you are still not getting it. Everything was explained to you. You are still not getting it. It will take time, start learning now, it will take you couple of months. Good luck on your journey. Interest rates now is 0.25%. So not sure where you're confused, but you are.
I have been to UK and went to Canary Wharf. At some angels it looked like scenes from the movie Inception (middle dock and wood wharf). Who knows, maybe Nolan met someone there who is stuck in his own limbo that inspired him the great movie.

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  • #1,208,384
  • Jan 17, 2022 11:48pm Jan 17, 2022 11:48pm
Quoting Bones
{quote} well thats 0.08% basically 0
Of course
"Price may go up, but may spike down"

#educateadimwitordietrying
  • #1,208,385
  • Jan 17, 2022 11:48pm Jan 17, 2022 11:48pm
Quoting Techanalyst
{quote} He doesn't know what macroeconomics analysis is. You can tell, he is confused, we have been talking about this for hours. He can't even understand interest rate. He does not get it, because he is stuck in a retail mind set, he is trading strictly based off magical trend lines on higher time frames, which is not the way to trade. But he will argue and call me confused, meanwhile I have shared certain currencies like EURUSD and said that it is bearish and i have provided the macro analysis. But he won't get it just like majority of retail...
No, he understands yields and their relationship to currency value etc.
He understands the difference between Fed Funds rate and interest rate.

Perhaps Bones underestimates the influence of the Fed on interest rates? Not sure.

I also think that because he doesn't believe the Fed can actually Taper and raise interest rates like they want to because of the tight spot they find themselves in, that it's all smoke and mirrors and the Yields will come back down when they back down from their plans to tighten (due to the unaffordable impact it will have on the cost of borrowing for a Govt that is already dead broke).

This is why I mentioned the impact of rate rise "chatter".

Correct me if I'm wrong Bones.
Compulsions can be hard to resist
  • #1,208,386
  • Jan 17, 2022 11:50pm Jan 17, 2022 11:50pm
Quoting Bones
{quote} well thats 0.08% basically 0
The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements.

It is not basically 0 it is 0.08%.

OVERNIGHT, OVERNIGHT, OVERNIGHT, OVERNIGHT, OVERNIGHT, OVERNIGHT, OVERNIGHT.
  • #1,208,387
  • Jan 17, 2022 11:53pm Jan 17, 2022 11:53pm
Quoting trumps
{quote} No, he understands yields and their relationship to currency value etc. He understands the difference between Fed Funds rate and interest rate. Perhaps Bones underestimates the influence of the Fed on interest rates? Not sure. I also think that because he doesn't believe the Fed can actually Taper and raise interest rates like they want to because of the tight spot they find themselves in, that it's all smoke and mirrors and the Yields will come back down when they back down from their plans to tighten (due to the unaffordable impact it...
He does not understand anything. He heard about it, but does not understand their impact on the currencies. For that to learn, it takes time to learn macroeconomics, and he is not going to learn overnight. He has no clue about the difference between fed funds rate and interest rate, none, zero. He is clueless, yet he is debating about it, and does not have a clue, and that is what ticks me off about traders here, that they think they know macroeconomics, and the other thing that ticks me off, is the fact when they claim "you don't need fundamentals" meanwhile that is the first thing you need to understand and apply to trading.
  • #1,208,388
  • Jan 17, 2022 11:56pm Jan 17, 2022 11:56pm
Quoting Techanalyst
{quote} The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. It is not basically 0 it is 0.08%. OVERNIGHT, OVERNIGHT, OVERNIGHT, OVERNIGHT, OVERNIGHT, OVERNIGHT, OVERNIGHT.
ok ,thats all they control
overnight
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,389
  • Jan 17, 2022 11:58pm Jan 17, 2022 11:58pm
Quoting Bones
{quote} ok ,thats all they control overnight
There is something wrong with you. It is 1AM here where I live, and I am off to sleep. I do not need to be here trying to teach a wall, that is not getting through. Good luck with your trading, you're going to need it. Trade safe.
  • #1,208,390
  • Jan 18, 2022 12:03am Jan 18, 2022 12:03am
Quoting Techanalyst
{quote} There is something wrong with you. It is 1AM here where I live, and I am off to sleep. I do not need to be here trying to teach a wall, that is not getting through. Good luck with your trading, you're going to need it. Trade safe.
That reminds me a long-living joke among staff in the Yellowstone National Park, USA, although not too related to your topic.

At sunset, by the Old Faithful, a dimwit tourist asked the park ranger: "When do you turn off the geysers at night?"
Park ranger: "Yea we are closing it for the season, don't come back!"

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  • #1,208,391
  • Jan 18, 2022 12:06am Jan 18, 2022 12:06am
Quoting trumps
{quote} No, he understands yields and their relationship to currency value etc. He understands the difference between Fed Funds rate and interest rate. Perhaps Bones underestimates the influence of the Fed on interest rates? Not sure. I also think that because he doesn't believe the Fed can actually Taper and raise interest rates like they want to because of the tight spot they find themselves in, that it's all smoke and mirrors and the Yields will come back down when they back down from their plans to tighten (due to the unaffordable impact it...
yea I think theres problems with the plan ,which is why the $'s been selling off ,yields have jumped at the same time as the sell off
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,392
  • Jan 18, 2022 12:54am Jan 18, 2022 12:54am
Quoting Bones
{quote} yea I think theres problems with the plan ,which is why the $'s been selling off ,yields have jumped at the same time as the sell off

Bro why are you giving urself to this kids to disrespect u with there low cost internet.
MY OPINION NOT FINANCIAL ADVISE
  • #1,208,393
  • Edited 1:51am Jan 18, 2022 12:58am | Edited 1:51am
rest assured short term rates are @0% ,what they do is roll it over at 0%
the only reason it isn't exactly 0 is tolerance
One basis point is equal to 1/100th of 1%,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,208,394
  • Jan 18, 2022 1:15am Jan 18, 2022 1:15am
Quoting tommydoginti
{quote} Hi HTG. I think you and tech are on the same page from the posts of yours and his regarding the “FED’s interest rate”. Correct me if I misunderstand. It is becoming more and more evident that there are uneducated people here pretending to be traders who know it all because they have been here longer. Truth is they don’t know anything about trading. Some even attempted to open their first trading account in life and failed From Tech’s post {image}
Circling back to this before I hang it up for the night, apologize for the delayed reply, No correcting needed, right on. The longevity of traders here is a tough one to deal with at a high level but yet at that same high level is easy to dissect and determine "who" gets it and "who" does not.

In terms of longevity, you want to respect that, its great to see someone focused and determined to succeed and grind through the work it takes to be successful in this market but as you know that does not and should not make one superior alone though, that longevity here should reflect success in some form, not just continued banter, fights, no trade calls or whatever it may be that brings negativity, chaos, etc..., whatever success means to that trader, it will be shown though, the way one conducts themselves says a-lot and respects comes with that. I mean really, what is everyone doing here? I could be wrong but everyone here wants to be successful at trading/investing so overtime, you should be able to show for some kind of success. I am not here to tell you what it is, its different for everyone.

We as traders, especially traders operating in the same thread, should all be routing for success for each other. We should celebrate our wins together. The more we celebrate each other the better off you will be. I have seen enough in here to know this is probably not the place though.

Admittedly I have not interacted enough with anyone here but thats all about to change for me, I purposely have been in and out of different threads, taking notes on "who" gets it and "who" does not and plan to put something in place to bring like minded people together.

I do know what you are referencing in regards to the first trading account above though. I guess he is still wrestling with the investor password? I was about to send him something similar to what you posted to help him out but you were quick to it, basically steps to take for the Investor password (and I dont even use MT4). I thought that challenge was supposed to be ready to kick off on the 17th?

Have you made any trades in the challenge? Just looking at your signature with you Aggressive Trial, it does not look like any trades have been taken or closed?

Heres to Winning trades to all the ones grinding through this market!

Safe night everyone (Central Time Zone here)
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #1,208,395
  • Jan 18, 2022 1:27am Jan 18, 2022 1:27am
Quoting HTG
{quote} Circling back to this before I hang it up for the night, apologize for the delayed reply, No correcting needed, right on. The longevity of traders here is a tough one to deal with at a high level but yet at that same high level is easy to dissect and determine "who" gets it and "who" does not. In terms of longevity, you want to respect that, its great to see someone focused and determined to succeed and grind through the work it takes to be successful in this market but as you know that does not and should not make one superior alone though,...
Thanks for confirming my understanding.

As of the challenge, it is one day late already because of cowardice and/or stupidity of the so-called trader.

I placed the GU sell in my main account. Thanks for asking.
The chart is in my post before the FFR discussion
https://www.forexfactory.com/thread/...6#post13860556

Have a good night. I almost finish my work today

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  • #1,208,396
  • Jan 18, 2022 1:45am Jan 18, 2022 1:45am
Some orange news coming up today.
I am expecting a to see a bear trap sometime and the low of the week put in.
  • #1,208,397
  • Jan 18, 2022 1:47am Jan 18, 2022 1:47am
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I took my prfts here at 1. 14 03 . Flat and watching . . . .

  • #1,208,398
  • Jan 18, 2022 3:11am Jan 18, 2022 3:11am
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Longed as shown with SL at 86 .......

  • #1,208,399
  • Jan 18, 2022 3:53am Jan 18, 2022 3:53am
I don't think it's a good place to go long given the timing and the amount of time price has spent down here.
I'm expecting another drop - but we'll see who is right soon enough.
  • #1,208,400
  • Jan 18, 2022 4:09am Jan 18, 2022 4:09am
Quoting Robinhood1
{quote} Hi lad, can´t sleep again, neither can i. I see you are accepting Gann´s technique. Thats good. As far as fundamentals, if it works, can take ages holding trades, this is what i see. Its more for heavy investors, maybe i am wrong
I don't accept that it is true, i still think he was not right but everybody is welcome to share their ideas and analysis even if we like it or not.
You have to have an IQ higher than 90 to interact with this user.
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