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  • #14,821
  • Aug 5, 2023 5:01am Aug 5, 2023 5:01am
Quoting Ferna
{quote} Maybe the whip don’t work so well in the long-term. Should have abandoned all the ideas which works against liberalism and healthy capitalism. People needn’t less freedom and more work. Creates demographic/cultural issues too. I guess we turn the cycle to commodities and forex recovery now. USD bear, commodities bull, EUR, GBP, JPY bull. CAD, NZD may bear. Gold, oil, nat gas bull. Stock market bear.
Why is USD bear? They don't look like big rate rises will continue, but their economy is standing up well to the rises so far and looks like a softer landing than other big economies. Jobs and wage growth are slowing, but still higher than they need for 2% inflation.

EUR looks nailed on for a recession, GBP probably too but they're further behind. Economists have said US is in goldilocks territory. That should be good news for USD. Gold bull not this year, not until the recessions hit. Look for another top in 2024 when the major economies put rates back to zero to deal with what they've created with these hikes
  • #14,822
  • Edited 9:50am Aug 5, 2023 8:56am | Edited 9:50am
Quoting aahmad29
Gold: Why Empires Fall John Ing August 4, 2023 The End of US Hegemony The problem is that in moving into this era of global competition, America's unipolar global dominance is being challenged, when its financial house is not in order. The China-US Cold War divided the world, and Russia’s invasion of Ukraine has upended that division. In the meantime, trade between Russia and China has soared, and India has surpassed China as Moscow’s top buyer for Russian oil and arms, helping to counteract...
https://www.gold-eagle.com/article/g...y-empires-fall


theres so much wrong with that article it would take me all weekend to answer with my poor typing skills LOL so ill just make a few points

he praises ronald reagan whos most responsible for letting companies off shore jobs to china

he criticizes biden for trying to undo trumps damage

and most importantly hes too concerned about the brics countries

mind you brazil, india south africa and china is a grouping of the 3 poorest continents LOL
https://statisticstimes.com/economy/...per-capita.php

and the writings on the wall for the oil countries in the middle east as the rest of the world besides maybe china and russia moves away from fossil fuel cars

Inserted Video
watch the whole video and you seriously think the dollar will lose out to this kind of economic might


ive stopped buying anything from china and asia years ago cause its cheaply made and breaks too soon

besides gold bulls nobody else thinks the dollar will lose its top perch...we'll all be dead before thats even a possibility
short trump and go long the deepstate
  • #14,823
  • Aug 5, 2023 9:08am Aug 5, 2023 9:08am
now watch how theyre made in usa

Inserted Video
short trump and go long the deepstate
  • #14,824
  • Aug 5, 2023 9:46am Aug 5, 2023 9:46am
its saturday so ill look at my charts so dont have to tomorrow and can stay drunk

the way friday closed on an uptick id expect price to go up sunday to 1950-55ish that was the usa downgrade gap tuesday and thats where ill start shorting again
short trump and go long the deepstate
  • #14,825
  • Aug 5, 2023 10:12am Aug 5, 2023 10:12am
https://www.cnbc.com/2023/08/04/jpmo...ted-risks.html

good for the dollar
short trump and go long the deepstate
  • #14,826
  • Aug 5, 2023 11:38am Aug 5, 2023 11:38am
I’ll come back to the conceptual issues later. For now, let’s note that most economists believe that there is some limit to how much debt the U.S. government can take on as a percentage of gross domestic product. (Pro tip: The ratio is what matters, not the absolute dollar value. Never take anyone who rants about TRILLIONS OF DOLLARS seriously.) But history and the experience of other countries suggest that we’re still a long way from that limit.

krugman is DA MAN lol

https://www.nytimes.com/2023/08/04/o...bt-crisis.html
short trump and go long the deepstate
  • #14,827
  • Aug 5, 2023 11:50am Aug 5, 2023 11:50am
Which means that the issue is essentially political. As I said, you should ignore people who rant about TRILLIONS OF DOLLARS. You should also ignore people who rant about wasteful government spending. The federal government is basically an insurance company with an army: It spends mainly on things the public wants, like the military, Social Security and health programs. But we have an effective blocking coalition against raising taxes enough to pay for those programs. So we’ll keep accumulating debt until that impasse is resolved.


so before usa implodes it will just raise taxes cause the "stupid" trump party only exists to lower taxes on the rich in america
short trump and go long the deepstate
  • #14,828
  • Aug 5, 2023 1:10pm Aug 5, 2023 1:10pm
Quoting Zebi
Which means that the issue is essentially political. As I said, you should ignore people who rant about TRILLIONS OF DOLLARS. You should also ignore people who rant about wasteful government spending. The federal government is basically an insurance company with an army: It spends mainly on things the public wants, like the military, Social Security and health programs. But we have an effective blocking coalition against raising taxes enough to pay for those programs. So we’ll keep accumulating debt until that impasse is resolved. so before usa...
Oh my goodness. I am sorry that you took so much time and efforts for detail reply and thank you for doing this.

I don’t know about US but in Canada , most of stuff is China made or south Asian made. You have no choice other than to buy that stuff. I am agree with you that those stuff break easily. Of course if that stuff is cheap then material is also cheap. But pockets of people can only afford that cheap stuff. I am talking about majority.

I read one article couple of years ago where it was mentioned that now all superpowers are almost equal in status and they can not afford actual war. Now there will be trade war and clearly China is winning it.
Love for all; Hatred for none.
  • #14,829
  • Aug 5, 2023 2:10pm Aug 5, 2023 2:10pm
Hello folks i will share you my view for this week :

Note : this is not a professional advice, always remember to do your research and consider your own financial goals before making any investment decisions.
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  • #14,830
  • Aug 5, 2023 3:03pm Aug 5, 2023 3:03pm
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  • #14,831
  • Aug 5, 2023 6:45pm Aug 5, 2023 6:45pm
Berkshire Hathaway CEO Warren Buffett says he’s not concerned about the Fitch downgrade of the U.S. government’s credit rating, saying his company continues to buy $10 billion of Treasury bills each week.
“There are some things that people shouldn’t worry about and this is one,” Buffett told CNBC, though he did add that Fitch raised some valid points.
Buffett also dismissed worries about the U.S. dollar. ”The dollar is the reserve currency of the world and everyone knows it,” he said.

me and my buddy warren only two not worried about the downgrade

im gona have to start buying TLT on any weakness for my IRA..

heres a weekly chart of TLT...im not gona use the stupid millennial and genx vernacular just the tried and true old fashioned over a 100 years old jargon
i know most of them identify somewhere on the autism spectrum so they cant help themselves so i apologize if i offend any 25 year old douchbag making youtube videos who stole ideas,patterns and setups from the oldtimers just so he can make money from youtube views by renaming their shit LOL
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short trump and go long the deepstate
  • #14,832
  • Aug 5, 2023 6:51pm Aug 5, 2023 6:51pm
and dont get me started on FVG and quasimodo ...what the hell has a hunchback from literature have to do with a head and shoulders pattern? and we all know FVG is just the damn midpoint of a long red or green candle

god do i hate 25 year olds LOL
short trump and go long the deepstate
  • #14,833
  • Aug 6, 2023 2:03am Aug 6, 2023 2:03am
Quoting Zebi
and dont get me started on FVG and quasimodo ...what the hell has a hunchback from literature have to do with a head and shoulders pattern? and we all know FVG is just the damn midpoint of a long red or green candle god do i hate 25 year olds LOL
I'm not that old and I hate it too. Just makes everything more confusing. The old school names were sufficient
  • #14,834
  • Aug 6, 2023 3:55am Aug 6, 2023 3:55am
Quoting Zebi
its saturday so ill look at my charts so dont have to tomorrow and can stay drunk the way friday closed on an uptick id expect price to go up sunday to 1950-55ish that was the usa downgrade gap tuesday and thats where ill start shorting again
Hi Zebi, so friday night i kinda messed the time up and market closed with me short at 41. Now since it's expected that market will open up with an upwards gap and since i am overleveraged at this point in relation to my equity and 10 dollar move up would be devestating. I understand a very noob situation i have put myself in.

Cutting to the point, any possible way that i can hedge here ij the form of a pending order in any way or any such possibility via any trading platform. Please advise
  • #14,835
  • Aug 6, 2023 5:57am Aug 6, 2023 5:57am
Quoting Naush
{quote} Hi Zebi, so friday night i kinda messed the time up and market closed with me short at 41. Now since it's expected that market will open up with an upwards gap and since i am overleveraged at this point in relation to my equity and 10 dollar move up would be devestating. I understand a very noob situation i have put myself in. Cutting to the point, any possible way that i can hedge here ij the form of a pending order in any way or any such possibility via any trading platform. Please advise
1945 is breaking point tomorrow. Pierce and try to cut your losses to prevent more losses
Trading is very lonely
  • #14,836
  • Aug 6, 2023 6:58am Aug 6, 2023 6:58am
Quoting Naush
{quote} Hi Zebi, so friday night i kinda messed the time up and market closed with me short at 41. Now since it's expected that market will open up with an upwards gap and since i am overleveraged at this point in relation to my equity and 10 dollar move up would be devestating. I understand a very noob situation i have put myself in. Cutting to the point, any possible way that i can hedge here ij the form of a pending order in any way or any such possibility via any trading platform. Please advise

in usa we cant hedge unless use a second separate account but that wouldnt be of much use in your situation as your overleveraged in this one.. maybe aamad29 has some insights since he holds both longs and shorts?

i average up but since your overleveraged thats not much help either so when i used to be in this predicament i wouldnt close and take the whole big hit just close a 1/4 or 1/3 of the trade and stay short but free up some margin to short hier up ...hope that helps

dont panic and dont forget even if it gaps up at the open price will usually come back and test below the gap.....doesnt just keep going up all night ..even tuesday on the downgrade price came back into the gap

i dont know what broker you use but you should be less than 2 pips down unless its some scam outfit so I would first put a order at 41 to breakeven if price gaps down or as seems more likely during the illiquid first few hours before tokyo open price should retrace back into fridays levels but if thats not hit than id short the gap up not blindly mind you and break even by averaging up my shorts... youll have 3 hours between the brokers opening and tokyo...australia dont mean shit so youll have time to get out at even.

price could reach up to 1946 but that could be after london or even NY...aussies and japanese like sleeping at their monitors during their market opens cause they always slow in doing shit untill lunchtime so you should have plenty of opportunity to get out of this trade
short trump and go long the deepstate
  • #14,837
  • Aug 6, 2023 7:06am Aug 6, 2023 7:06am
Looking for a pullback towards the 1930-35 region where I feel the move will be supported to long back into 1950-55.
  • #14,838
  • Aug 6, 2023 7:10am Aug 6, 2023 7:10am
Quoting Naush
{quote} Hi Zebi, so friday night i kinda messed the time up and market closed with me short at 41. Now since it's expected that market will open up with an upwards gap and since i am overleveraged at this point in relation to my equity and 10 dollar move up would be devestating. I understand a very noob situation i have put myself in. Cutting to the point, any possible way that i can hedge here ij the form of a pending order in any way or any such possibility via any trading platform. Please advise
May do bigger gap but hope not. Lets see I have one tiny short open taken Friday night. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #14,839
  • Aug 6, 2023 7:30am Aug 6, 2023 7:30am
this is my plan for monday..ill short at those levels so by the end if it plays out this way illl be short at an average price of 1952

of course price can just start falling from the beginning so will have to chase...NFP was not terrible cause it came in hier than the revised amount last time
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short trump and go long the deepstate
  • #14,840
  • Aug 6, 2023 7:45am Aug 6, 2023 7:45am
Quoting Zebi
{quote} in usa we cant hedge unless use a second separate account but that wouldnt be of much use in your situation as your overleveraged in this one.. maybe aamad29 has some insights since he holds both longs and shorts? i average up but since your overleveraged thats not much help either so when i used to be in this predicament i wouldnt close and take the whole big hit just close a 1/4 or 1/3 of the trade and stay short but free up some margin to short hier up ...hope that helps dont panic and dont forget even if it gaps up at the open price...
Thanks for the insight man. Appreciated
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