{quote} Morning allWell, we have political discussion
My 2 cents. Trump is a buffoon, and much worse. The economy will suffer, as the stock market now... This will have additional effect on USD level. Also, if you promote a monkey to some high position - how long will it be funny, and when it will be sickening?? Very soon. As long as he starts pooping all over, groping Mexicans , slapping women, molesting dogs, etc..... Right?Now imagine 4 years. The masochist USA peasants will laugh at first then.... All investment will flee USA....
- #1,079,162
- Nov 2, 2016 12:22am Nov 2, 2016 12:22am
- | Joined Sep 2016 | Status: Trader | 33 Posts
{quote} Not an analyst, not even remotely.... HOWEVER I have been watching and listening really closely during this election, and it's pretty clear that most "experts" seem to think the markets are gonna take a hit if Trump is elected. I don't think they REALLY believe that Trump will be bad for the economy... no. I think they mostly WANT the economy to tank at first, so they can say "I told you so!" And considering self-fulfilling prophesy and all... yeah, could happen. But I'll go out on a limb here and say that within a few months of taking office,...
) but my feeling is that the market will have that "I told you" falling reaction, and as much as the players don't think he will ruin the economy, at least they will be "not sure", and uncertainty is an enemy.Anyway, thanks and sorry for the political break.
- #1,079,165
- Nov 2, 2016 1:42am Nov 2, 2016 1:42am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Member
- #1,079,167
- Nov 2, 2016 2:14am Nov 2, 2016 2:14am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Morning all
Member
- #1,079,168
- Nov 2, 2016 2:37am Nov 2, 2016 2:37am
- Joined Sep 2015 | Status: Trader | 820 Posts
{quote} You where right closed my position after the confirmation of Pivot point breakout failure but still grabbed 26 pips. Seems like today the currency pair is going North so I'm looking to get long @ 1.0992 up to 1.1033 stop below R1 @ 1.09855.
as the pair seemed unstoppable but left a minor position with a trailing stop.I see strong resistance going thru 1.1097 up to 1.1121 so mind the GAP.
- #1,079,170
- Nov 2, 2016 2:52am Nov 2, 2016 2:52am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Got more than I bargain for closed main position @ 1.1050
...but isn't anybody here affraid of:
E/U overbought, Hilly, US labour market data, or FOMC surprises??? ...all that stuff which can mean a little bearish
Good trading, Jon!
Member
- #1,079,173
- Nov 2, 2016 3:24am Nov 2, 2016 3:24am
- | Commercial User | Joined Sep 2009 | 1,757 Posts
Make money by doing the opposite of Giveachance aka loser
- #1,079,175
- Nov 2, 2016 3:54am Nov 2, 2016 3:54am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
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- #1,079,176
- Nov 2, 2016 4:04am Nov 2, 2016 4:04am
- Joined Jun 2015 | Status: Trader | 14,961 Posts
My Intraday View If nothing serios happens with the USPresidentials balance or ADP Non-Farm Employment Change will not shake too much the market, I expect an intraday_waiting_range ahead FOMC. Fed today: Rates unchanged! December promises ambiguos now, ...because they need a strategic reserve to calm the market turmoil down after the elections, whatever the result is. Intraday Support: 1.1023 Monthly_Pivot, 1.1033 Weekly_R1; Resistance : TL(IV), 1.1100; Good trading you all! {image}
Good stuff
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And yes, spikes,RB and all joys of forex are upon us. I'll wait with my tiny growing shorts. Euro.
Look at E/A what a beauty. Up up 1.4650 may close.
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Be safe
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Beware of robber banks (RB), bad advisors.
