Well done to the bears today;
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Disliked{quote} Its ok none knows the end result, it's knowing your system well and the skills trading it that make the differenceIgnored
DislikedIt seems like a challenge of the lows is coming. My plan for this week is: If we break 1.07, I will be selling pullbacks targeting 1.0480, it is a similar trade to the ones from 1.0824, market is not giving enough retracement so I have to grab what I get, hence the short from 1.0724 with a 30 pip sl.Ignored
Disliked{quote} Yes, the overall picture has not changed although I anticipated a bounce at least to the top line of the channel (around 1.0752). However, I am surprised it didn't even reach that -> only 1.0742. But we could see the 1.074xx tomorrow again. That would touch the down channel and a a good confirmation of the same. {image} Anyhow, the debt circus is not over... yet. The deal is very weak and has drawn already heavy criticism form the house. Either Senate or House still can threw a spanner into the gearbox. That would rattle the markets a bit...Ignored
Disliked{quote} On Friday market only managed to retrace to 1.0757, that was minimum target for my trade, then it came down for a new low. There is still indecision and the daily candle says just that, however with the pa from Friday I am more inclined for a breakout of the lows. In case we have a relief rally to 1.0830 let's say, it would be a great opportunity to short again and again targeting 1.05. A lot of politics and financial engineering driving these moves as you explained so well.Ignored
Disliked{quote} Well, that with the TGA... I wold not call it financial engineering. Financial engineering... that is what the FED is doing, or is trying to do. That with the treasury is actually THE MARKET. If there is a massive buyer - irrespective if this are big pension funds, commercial commodity dealers, Treasury departments etc. and even a big herd of folks (like that with Gamestop) - price goes up. And if they pull out of the arena, price goes down. That's the way it worked centuries ago... and so it will be in future.Ignored
Disliked{quote} A bit of that too, but don't get caught in negativity, take advantage of the moves to the best of your abilities, someone else will get the stick!Ignored