How to Win at Sports Betting: DON'T DO IT!
- #54,482
- Sep 13, 2012 10:46am Sep 13, 2012 10:46am
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- #54,483
- Sep 13, 2012 10:47am Sep 13, 2012 10:47am
- | Joined Aug 2012 | Status: Trader | 2,263 Posts
If we get a decent correction first, I'll have to admit 1.34 is possible, but not in a straight line... unless the market has truly gone mad.
A 1 pip gain is better than a 1 pip loss.
- #54,484
- Sep 13, 2012 10:53am Sep 13, 2012 10:53am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #54,485
- Sep 13, 2012 10:53am Sep 13, 2012 10:53am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Wonder where it will correct to
Those who say it cannot be done should not interrupt those who are doing it
- #54,488
- Sep 13, 2012 10:56am Sep 13, 2012 10:56am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
thank you
Those who say it cannot be done should not interrupt those who are doing it
- #54,493
- Sep 13, 2012 11:08am Sep 13, 2012 11:08am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Adam Button @ ForexLive has a great trading suggestion for the FOMC statement and I agree with him on the trade plan. However, he's convinced QE3 is coming and that is where I disagree with him. 
So, here's the way to play it either way...
So, here's the way to play it either way...
If the Fed rolls out QE3, the dollar will get smoked, oil and gold will surge. The most straight-forward trade I see is short USD/CAD because Canada gets all the benefits of QE3 without any of the currency-devaluation. Technically, USD/CAD could hit 0.9400 in a week or so.
If the Fed doesn’t do QE3, the stock market will take a flying, crane-kick to the balls, exaggerating the rally in USD. I expect major volatility as the market tries to sort out the details. But I wouldn’t rush to pile on if you miss the first move because the market will bounce at some point before Bernanke speaks on hope that he will be dovish.
Overall, don’t fight the momentum.
No QE3, look for opportunities to buy USD; QE3, look for opportunities to sell. Stay nimble.
Those who say it cannot be done should not interrupt those who are doing it
- #54,494
- Sep 13, 2012 11:10am Sep 13, 2012 11:10am
His wife already read the statement at the kitchen table and is getting ready to short/long with her MT4 account 
Maybe Ben also shorting E/U?
Inflation in things we need, Deflation in things we want.
- #54,495
- Sep 13, 2012 11:16am Sep 13, 2012 11:16am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
PT what do u think will be the impact if any of the economic projections after the QE3 announcement?
However, if we do get QE3, then after a couple of weeks of USD bashing, risk-on sentiment on good data and risk-off sentiment on bad data will return to normal operation.
No QE3 keeps us in the status quo. We get a sell-off now but the market will be looking for QE in October. The econ data will effect markets in the same way as it has in the last 6 weeks since the last FOMC statement.
Those who say it cannot be done should not interrupt those who are doing it
- #54,496
- Sep 13, 2012 11:17am Sep 13, 2012 11:17am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #54,500
- Sep 13, 2012 11:21am Sep 13, 2012 11:21am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
Get the popcorn ready and prepare for screams .
.Inserted Video
"I know one thing, that I know nothing." Sokrates