Trading live accounts in a bat country

Quoting MaxDoom

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s @ 58

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Quoting 21vs7

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waiting to drop
s in on 55
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still 2 hours on Laaandan fiesta there...

when as big as fomc they all stay in the office...junkieesss as we

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Quoting 21vs7

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ok, hedged eurusd

bought cable.

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Quoting 21vs7

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ok, hedged eurusd

bought cable.

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Quoting 21vs7

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OK, nuff for me atm.
Still hold a bit of cable from 90.
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All in all negative day!
-40
and minus potential -17 on cable.
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gonna ride a bike instead of this pig here.

Good setups all!

21vs7

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Quoting pipsallday

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watch yourself on that bike sir !!!!

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Quoting 21vs7

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moving the same as yesterday---retrace till 0,0 open.

tried a bit earlier but went out on BE

Gonna be spiking and spanking later on FOMC.

But im out for a day.

Got a spike up and missed the train down...so later a bad day -57

weekly still looking good.

GS all!

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Quoting kbmoonshinex

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i see soon 3100

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Quote

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First of all. Ever since I began managing the risk of the currency book at Mark Twain Bank in 1992, I have been a believer of "trends". Weak Trends, Strong Trends, and no gray area. The dollar would go into a weak trend for a fundamental reason, and not come out of the trend until that fundamental reason was corrected, or. well on the way to correcting. And then a strong trend would begin for another fundamental reason, and so on.

I believed that trends are what moved asset, not charts. a trend, however, is not a One-Way Street. And those of you who have heard me speak over the years, know that I always make a point of that thought! I never believed the dollar would collapse, or even remain in a weak trend for longer than previous trends lasted. The longest trend was a weak dollar trend that began with the meeting at the Plaza Hotel in NY City. The Plaza Accord sent the dollar on a weak trend that began in 1985 and lasted 10 years.

We have just passed the 10-year marker for the current weak dollar trend. And so, it's time to re-think all this, right? Can the dollar remain in the weak trend for longer than 10 years? And what could bring it out of the weak trend? Remember, the fundamental reason it went into the weak trend to begin with. exploding debt. In 2001, the debt to current account level hit 4.5%, which was an indicator that the dollar was about to experience a currency crisis, for historically that had been the case.

What has happened to that so-called exploding debt in 2001? Well, the explosions have gotten larger, and larger, and larger, until they are completely off the charts! I like to tell people all the time that the U.S. needs to go down the road to debt reduction before the dollar can leave the weak trend. But. the U.S. hasn't even found that road!

So. the other day, I'm sitting at home, reading. and I just fell right out of my chair. the thought entered my mind that. Maybe, just maybe, the dollar is in serious trouble, even more serious than having the reserve currency title stripped from it. the total of unfunded liabilities in this country today are greater than $117,000,000,000,000! And. in 3 short years, those unfunded liabilities will be greater than $143,685,000,000,000! And if the taxpayers are tapped to pay for this, they will have to cough up $1,175,537,000 a piece!

I was looking at these numbers, and thought. if the markets think Greece can't pay its debts, how are we going to pay for this? The answer that most people that follow this stuff is: We'll just print dollars to pay out debts. And that's where the rubber meets the road, with dollar value. It just won't have any.

So. here's the confusion. a long-time belief of trends beginning and ending, and now evidence that the current weak trend won't end!

And just when I'm consigned to believing this is all going to hell in a hand basket, I receive a voice over video from Byron King, of the Outstanding Investments at Agora publishing, in which he tells me that all this debt and problems with the dollar are going away, because the U.S. will make themselves energy kings once again, due to the shale discoveries and the technology to get the oil and gas.

So. there! I've had readers over the years tell me that I'm a cheerleader for dollar weakness. Hmmm. I guess they never read the Pfennig between 1996-2001, when the dollar was king. But, nevertheless, they didn't let that get in the way of throwing barbs at me.

Look, I'm no geologist. I don't know if what Byron King is telling us will come to fruition. All I do know right now is that if nothing changes and we continue to move along down the same road, that our future doesn't look so bright.