Agree. The most presidential appearance yet for sure. Stuck to the text mostly. Other than one or two breaks into personality ("The money is pouring in!") it seemed he took the role seriously for the first time.

The Really Useless Thread

He can't really cancel it so to speak, but he pulled USA out on day one. Naturally that pretty much cancels it's original structure. Campaign speech. No meat.

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I don't like either entry. Must be missing something. Limit sell at 1.048x adds up for me better. That short looks like possible momentum play but I'm fuzzy on how far to zoom out or not to find one of those. I'll just read and learn for this one ...

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Well that's true. 1.089x would bring some heavy action I would think. Not sure if you'd call it a momentum play though. yep. The thing about the Sequester is the proposed spending blows by the set defense spending cap (which is tied of ...

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Still got to get through Congress on the defense spending. Sequestration makes that muddier. It's just an idea for now.

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No doubt about that.

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Seems to me in order to get a significant reaction in dollar from the president's speech tonight that speech would firstly have to address taxes (border tax and corporate cuts). Secondly, a budget outline that implies deficit and ultimately debt ...

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1.049x

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Right. Definitely out of scope right now. Wanted to learn a little about an older conversation in the thread that's all. Seems on track to close M around 610/20 (obviously eyeing 520 for a real move.) The only thing on this side of Atlantic to push ...

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Thanks for the reply. I think I'm starting to put the pieces together. It seems while there are variables that could complicate it, unwinding the balance sheet won't necessarily need to be the uberprecise surgical operation I was envisioning. They ...

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Thanks for the reply. Would love to make an attempt at those but the questions are more than slightly above my pay grade. I'm pretty sure I understand your points there (Policy affects the value of the securites so there is FED control there too) ...

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This was a very interesting couple of comments a while back between you and @ingmarforex. I was thinking the issue of unwinding the balance sheet could become the more important factor in how we trade FED expectations in the coming mid or longer ...

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Headed there now. Thanks man.

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Yes I've picked his brain on the subject of spreads to all ends over in the LTO thread. Very patient and helpful to understate it. Still working that demo. This one is a one off small risk small probability attempt at picking a top. They don't work ...

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Watching that for sure. I'm short SPY via some puts at the moment. Wouldnt mind a little black monday (doubt it) since I missed the last one as I was young enough to be chasing chicks not charts. Looked like things were kind of lined up this morning ...

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I am a big fan of major alerts.

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Daily: Baby bear under 580, Mama bear 560, Papa bear under 540 Weekly: Papa bear sleeps under 520. Where will Goldilocks sleep tonight?

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Bannon and Priebus were more fun. Looked like a ventriloquist act. Would have better if Priebus actually sat on Bannon's lap though.

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Getting to a point where I almost want the tweet. Patience.

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That consolidation lines up nice with 580-610 eu. Or wider 550-630. It will be interesting to see which side it breaks to.

The Swamp