{quote} Ban reason: Being real, honest and sending fakers where they belong
Gives me an idea. Perhaps when I'm more confident with my skill, I'll link a trade explorer here to demonstrate how fundamentals changed my trading. The numbers say it all.
{quote} Personally i"m not a gap guy for risking money. there was a gap on the usd/cad that took 30 years to fill. If you talking about filling a gap at 1904 and 1979. You can count me out. Price has dipped to 1.1120, 21 Waiting for it to fill plus swap.
{quote}Is not something i care not to do. It's not something i can afford to do.
{quote}I will stick with the oil tax Europe pays, and the inability to compete because of it.
{quote}On that alone the euro has to move closer to parody or less.
{quote}That gap widened when the U.S became a net importer of oil about 1970.
{quote}Yes the gold standard was removed then too.
{quote}The euro basket breaks down to about 0.5 back then (1970), that included the GBP (2. exchange rate). Since brexit the GBP 2.x is not included.
{quote}The U.S, is now slightly a net exporter. It has to be shipped to Europe.
{quote}The product made has to be shipped back. That 2X in shipping cost. Europe exports to GDP is 4x the U.S.
I haven't touched tourism, But you can see where this is headed. If the ECB can bullshit people that's fine.
Inflation is high in the U.S., and amplified in Europe. But if one thinks by raising prices to European products via a rate hike God Bless You.
Sure they need to say it. And all those future laid off tourism and BMW workers will have something to say. But hey, the French will love the inflated food prices.
Even in the best of times Bubba cant afford either. The Fed is raising Bubba's interest rate. How much discretionary income is left for a Beamer or a trip to Paris. I dont know the answer, but after covid comes this. How can this possibly end well?
What price might do. Next: US retail sales and FOMC meeting. {image}
I've got two titles The Great trader and the great loss runner. Anyone watching me for the last two years would have seen me buy tops of waves over and over again and try to hold it till it just makes margin and reverse. I was wating for this time now. I was 3 years early. I've had problems applying a system that's still being painted the paint is still wet. I spent 12 years loosing to find out what works and what is useless. You see me here most days killing this industry literally lol. I did not yet cover the 5K it took to get this far. I'm not...
{quote} Indeed
{quote} I spent 12 years losing to find out what works and what is useless... I did not yet cover the 5K it took to get this far. Geez... How much time in your life wasted... You probably started with a wrong approach and trading probably not really the thing for your personality... Just like driving, you learn then you drive. If it takes 12 years to finally able to drive within speed limit on roads and not consistently crashing, driving is not your thing. Normally most people may drive normally or slowly (or clumsily as some may say) for their...
{quote} I can't remember how swap works I just know it always seems to go against me. Been about 13 years since I seen the lesson. I've been trading chump change for 12 years it's not a big issue yet lol but it is really I been wasting opportunity not taking advantage
Risk appetite is back, nobody is buying US' "there can still be war" narrative right now: {image} Belarus says Russian army will not stay for too long in their lands. Now Euro have no obstacles left, direction is north
