I'm sorry Pat but all this talk about this fed stuff etc is merely data packaging. It has NOTHING to do with money and the flow of money and the financial markets. It's great for people addicted to data. Nothing more. I cannot believe real people are so thick to believe this stuff is real and to keep praising its use. I'm not trolling here I'm serious. All this bullshit about the Fed and the central banks, do people not know anything about how their world works?!
Check this out as an example ....
https://events.centralbanking.com/meetings
.... AND READ IT AND GO THROUGH THE SITE. Jeez. And people wonder why they don't do as well re: their trading. Clearly you people have no idea how the world works. It's Friday afternoon etc, try using your weekend to learn something. Your trading will improve once you understand money ... NOT DATA. OF COURSE everyone has an opinion, they're free and everyone wants to debate bullshit over crap laid on top of bullshit. Check out the real world people.
The real world only cares about three things - Physical profit levels ..... that's 1. Core and Production Levels .... that's 2. And Round table commitments. The last one is essential for Debt protection (YES protections) and Management of systemic productions. IF you don't know what these are then WHY are you trading?
It's unfathomable that people put their own money into an account then come here and read data and then think it has anything to do with money and the real world. Ever heard of the BIS? Ever heard of Continental Finance? No probably not. The "FED" is not worried about most things you people think is important. Why? They are collaborative chess players. Money is a "talking point" for them. It is NOT the most important thing to them. Please do some research. You would already understand this if you understood debt.
Sorry Pat but you're way off base. I've lived in the real world my whole life and been in rooms with many people and so I know they don't care about "all this stuff" you post as necessary viewing. They know the markets are either - Collateral or Debt. Pure and simple. People who still "believe" that liquidity comes from the "liquidity provider" are simply not looking at what is there. There are echelons beyond and LP's answer to these types of entities.
Here'a an example -
If Joe has a job and a mortgage and then decides to place $1000 USD into a live trading account, is Joe A) Solvent or B) Not Solvent but something else ??
If Joe still has 5yrs of monthly repayments to go on his contract for the house he lives in etc, then he is in category B. Why? Solvent does not automatically mean you are flush with money. Both A and B break down into further categories and so Joe quickly finds out that his trading capital is in fact a debt. Why? $1000 cannot be used as collateral for something greater than its purchase and base leverage power ie. the mortgage rate. So even if Joe "earns" net profits from his trades, essentially he doesn't "own" that money. Something I've been trying to explain to people since I arrived here.
So anything that relates to economic news events or speeches has nothing to do with the real connections of these things people are talking about. Markets are connectors to real things. Trading "micro-points" off a chart is only good for speculation and a poor imitation at that.
Sorry to burst people's bubbles. Welcome to the real world.
Peter
Check this out as an example ....
https://events.centralbanking.com/meetings
.... AND READ IT AND GO THROUGH THE SITE. Jeez. And people wonder why they don't do as well re: their trading. Clearly you people have no idea how the world works. It's Friday afternoon etc, try using your weekend to learn something. Your trading will improve once you understand money ... NOT DATA. OF COURSE everyone has an opinion, they're free and everyone wants to debate bullshit over crap laid on top of bullshit. Check out the real world people.
The real world only cares about three things - Physical profit levels ..... that's 1. Core and Production Levels .... that's 2. And Round table commitments. The last one is essential for Debt protection (YES protections) and Management of systemic productions. IF you don't know what these are then WHY are you trading?
It's unfathomable that people put their own money into an account then come here and read data and then think it has anything to do with money and the real world. Ever heard of the BIS? Ever heard of Continental Finance? No probably not. The "FED" is not worried about most things you people think is important. Why? They are collaborative chess players. Money is a "talking point" for them. It is NOT the most important thing to them. Please do some research. You would already understand this if you understood debt.
Sorry Pat but you're way off base. I've lived in the real world my whole life and been in rooms with many people and so I know they don't care about "all this stuff" you post as necessary viewing. They know the markets are either - Collateral or Debt. Pure and simple. People who still "believe" that liquidity comes from the "liquidity provider" are simply not looking at what is there. There are echelons beyond and LP's answer to these types of entities.
Here'a an example -
If Joe has a job and a mortgage and then decides to place $1000 USD into a live trading account, is Joe A) Solvent or B) Not Solvent but something else ??
If Joe still has 5yrs of monthly repayments to go on his contract for the house he lives in etc, then he is in category B. Why? Solvent does not automatically mean you are flush with money. Both A and B break down into further categories and so Joe quickly finds out that his trading capital is in fact a debt. Why? $1000 cannot be used as collateral for something greater than its purchase and base leverage power ie. the mortgage rate. So even if Joe "earns" net profits from his trades, essentially he doesn't "own" that money. Something I've been trying to explain to people since I arrived here.
So anything that relates to economic news events or speeches has nothing to do with the real connections of these things people are talking about. Markets are connectors to real things. Trading "micro-points" off a chart is only good for speculation and a poor imitation at that.
Sorry to burst people's bubbles. Welcome to the real world.
Peter
Real Trading is not gambling.
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