It never gets easier, you just get better
- #10,362
- Apr 13, 2024 5:58pm Apr 13, 2024 5:58pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
{quote} Smoke & Mirrors game, that's how scammers do it ....................
Now, are the scammers the ones suggesting there is "debt"
Or, the ones receiving the interest payments on the "debt"
or, some one/thing else
(ps that everything's a ponzi scheme now is maybe not a ridiculous comment, who knows)
https://edition.cnn.com/2023/02/14/p...ebt/index.html
"Like many Americans, the federal government is shelling out a lot more money to cover interest payments on its debt after a series of Federal Reserve rate hikes over the past year.
The Treasury Department paid a record $213 billion in interest payments on the national debt in the last quarter of 2022, up $63 billion from the same period a year earlier."
- #10,363
- Apr 13, 2024 6:05pm Apr 13, 2024 6:05pm
- Joined Aug 2007 | Status: Trader | 3,199 Posts
{quote}
Smoke and mirror's!!! Quite the deal....well 1/3 of the US debt is held by foreign entities....so I guess 1/3 of the interest goes outside...at a minimum....
Crazy amount of interest any way the smoke is sliced lol..
Master your Mind,,,Master the Market
- #10,364
- Apr 13, 2024 6:18pm Apr 13, 2024 6:18pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
{quote}
Crazy amount of interest any way the smoke is sliced lol..
- any way the "smoke" is sliced -
what a great line, Kev
(I nearly lost my cup'o'tea out of my nose on the keyboard
cheers pal)
- #10,365
- Apr 14, 2024 1:31am Apr 14, 2024 1:31am
- Joined May 2010 | Status: Straight line Fest | 3,193 Posts
{quote} - any way the "smoke" is sliced - what a great line, Kev
- #10,367
- Apr 15, 2024 8:29am Apr 15, 2024 8:29am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
I was thinking of another Spring - just need some more sunshine in the UK and maybe spring will be sprung
every Saint has a past. Every Sinner has a Future
- #10,368
- Apr 17, 2024 4:58am Apr 17, 2024 4:58am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
Micro SP500 Futures - nice long. ( Kevs one hour box always useful
)
I have said it before but albeit I pay a small amount for live data with cme Futures Price Action seems better somehow - little slippage etc. I am a small change type of scalper but Futures just make me feel more comfortable. Just thought I would post to fill a vacuum
)I have said it before but albeit I pay a small amount for live data with cme Futures Price Action seems better somehow - little slippage etc. I am a small change type of scalper but Futures just make me feel more comfortable. Just thought I would post to fill a vacuum
every Saint has a past. Every Sinner has a Future
- #10,369
- Apr 17, 2024 5:22am Apr 17, 2024 5:22am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
every Saint has a past. Every Sinner has a Future
- #10,370
- Apr 25, 2024 6:39pm Apr 25, 2024 6:39pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
BoJ Policy Rate today = (tentative timing, as usual)
At present I can't even find an approx timing, but
As I have NO intention of front running anything to do with the Yen lol I have no doubt I will SEE when the action begins.
And then, it will be how the market responds that might catch my interest. We shall see (later).
And how internally the MoF / BoJ would handle 'any' intervention at a point post-rates today
(if they deem it necessary of course after MUCH of their well known M.O. of contemplation, consideration, discussion, mullling etc etc etc
)
The MoF determine the fx policy. And. Then BoJ then would execute what the MoF decide.
https://www.forexlive.com/centralban...adar-20240425/
At present I can't even find an approx timing, but
As I have NO intention of front running anything to do with the Yen lol I have no doubt I will SEE when the action begins.
And then, it will be how the market responds that might catch my interest. We shall see (later).
And how internally the MoF / BoJ would handle 'any' intervention at a point post-rates today
(if they deem it necessary of course after MUCH of their well known M.O. of contemplation, consideration, discussion, mullling etc etc etc
)The MoF determine the fx policy. And. Then BoJ then would execute what the MoF decide.
https://www.forexlive.com/centralban...adar-20240425/
- The Ministry of Finance (MOF) in Japan is responsible for formulating foreign exchange policy in the country, while the Bank of Japan (BOJ) is responsible for executing such policies, particularly in terms of FX intervention.
- The MOF can decide to intervene in the FX market if it believes (in the current situation) the yen is too weak. Once the MOF decides to intervene, it gives instructions to the BOJ. The BOJ then conducts operations in the FX market by (in current circumstances) buying yen. The Foreign Exchange Fund Special Account (FEFSA), which falls under the jurisdiction of the MOF, is used for interventions. You will note that in the current situation, where the BOJ would buy yen, they will dip into USD reserves to fund the other side of the trade, buying USD (or other currencies if needed).
- The BOJ's operations are usually conducted through commercial banks that deal in the foreign exchange market. They may be spot transactions, or forward transactions that are set to occur at a future date. Note that while the MOF has the ultimate authority to decide when to intervene, it does so in close consultation with the BOJ. The BOJ provides expertise and advice on monetary and financial market conditions, which can influence the MOF's decision. This collaboration reflects the balance between the roles of the two entities: the MOF as the government's chief financial and economic advisor, and the BOJ as the country's central bank that maintains stability in the financial system.
If Yen based trading today imo, trade safe and then trade well.
all the best to all
- #10,371
- Apr 26, 2024 5:13pm Apr 26, 2024 5:13pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
Mr U - where are you 
What a classic friday lol, with the Talking Heads again doing JUST that --- talking lol
Fascinating for me to be sitting through all this current market stuff though.
The week ends with only two more trading days left in the month of April
A 15m day end review chart is first (probably is all wyckoff
) ... BUT the precision inside the randomness is again so fascinating to me
(ie random buyers & sellers ... or ... a well organised market by those well heeled enough who can organise it)
And the 2nd chart I post up is after looking at the Monthly overview encompassing the last 17 years
I called the first chart "Mr U where are you" as I like to tease our Mr U (he knows I mean no malice
)
The second chart I just called "markets are markets" because, well to me, they are (imho)
No need for me to post charts over & over (they all look the same anyways), so just occasionally suits me best
Trade safe folks, trade well
.
What a classic friday lol, with the Talking Heads again doing JUST that --- talking lol
Fascinating for me to be sitting through all this current market stuff though.
The week ends with only two more trading days left in the month of April
A 15m day end review chart is first (probably is all wyckoff
) ... BUT the precision inside the randomness is again so fascinating to me(ie random buyers & sellers ... or ... a well organised market by those well heeled enough who can organise it)
And the 2nd chart I post up is after looking at the Monthly overview encompassing the last 17 years
I called the first chart "Mr U where are you" as I like to tease our Mr U (he knows I mean no malice
)The second chart I just called "markets are markets" because, well to me, they are (imho)
No need for me to post charts over & over (they all look the same anyways), so just occasionally suits me best
Trade safe folks, trade well
.
- #10,372
- Apr 29, 2024 5:06pm Apr 29, 2024 5:06pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
Last day of the trading month.
Been a fascinating past couple of days (Fri + Mon)
Trade 'em safe & then trade 'em well folks
All the best to all
Been a fascinating past couple of days (Fri + Mon)
Trade 'em safe & then trade 'em well folks
All the best to all
- #10,373
- Apr 29, 2024 5:31pm Apr 29, 2024 5:31pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
Why not lol, end of month day
(ie my "last" chart for the month
)
Levels
Target trader "attractors"
Confluences
Easy (for traders') round numbers
Prev hi's & lo's
opens & closes
bermuda triangles
inflection points
fakes 'n' flips
etc
etc
The market makers have my unbounded respect & attention for their daily deliveries to our charts
.
(ie my "last" chart for the month
)Levels
Target trader "attractors"
Confluences
Easy (for traders') round numbers
Prev hi's & lo's
opens & closes
bermuda triangles
inflection points
fakes 'n' flips
etc
etc
The market makers have my unbounded respect & attention for their daily deliveries to our charts
.
- #10,374
- May 2, 2024 5:28pm May 2, 2024 5:28pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
Yet another Bank Holiday in Japan
And on NFP day also ---- you couldn't make this sh!te up
Anyways an early in the month chart (no I won't bombard the thread with 'em lol)
So is our chart warfare () restricted to just GJ
Not really, the MM plays are pretty much the same across the board on all pairs (imo)
Anways GBPUSD might be the trade pair for me today - after Franky - we shall see how the market moves first
Yesterdays GU review
.
And on NFP day also ---- you couldn't make this sh!te up
Anyways an early in the month chart (no I won't bombard the thread with 'em lol
)So is our chart warfare (
) restricted to just GJNot really, the MM plays are pretty much the same across the board on all pairs (imo)
Anways GBPUSD might be the trade pair for me today - after Franky - we shall see how the market moves first
Yesterdays GU review
.
- #10,375
- May 2, 2024 7:48pm May 2, 2024 7:48pm
Yet another Bank Holiday in Japan
- #10,376
- May 2, 2024 8:31pm May 2, 2024 8:31pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
{quote} Well said..all about liquidity. Trade to it or from it. Opens, Closes, Highs,, Lows, Pivots, RNs are all attractors.
Hi W
Cheers pal.
Yes, I notice that is usually where the MM / market is driving to (or from)
What stops it all from being pure ATM (just joking, lol
)is that it is always bi-directional
ie there are ALWAYS pockets both above & below current price
The trend as they say is key, BUT imho there HAS to firstly be an aggregation of (retail) buys AND sells
Else WHO is taking the opposite side of all our (excellent lol) trades
This aggregation has a slightly different meaning to me than ... accumulation, though they are both just word-narratives in the end
(narratives that describe something to us, personally)
Once the aggregation / accumulation dilemma is resolved intra-day (which appears, to me, occasionally also as inflection points),
then purely discretionary trading from then on is fine for me. ie NO set entry formula/system is really required, more just judgement
A big start to the month on the charts already (volatility)
The players will likely be driving to new and distant levels, who knows (which then also become tradeable zones)
As always, trade safe & trade well all
- #10,378
- May 14, 2024 6:07am May 14, 2024 6:07am
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
Been a while since my last posted chart, so why not tonight (they all have the same look anyway ... imo)
Calling it a night here (9pm in Aus)
All the best to all,
Trade safe, trade well
.
Calling it a night here (9pm in Aus)
All the best to all,
Trade safe, trade well
.
- #10,379
- May 21, 2024 10:45pm May 21, 2024 10:45pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
Been a while since my last posted chart, so why not tonight (they all have the same look anyway ... imo)
Calling it a night here (9pm in Aus)
All the best to all,
Trade safe, trade well
It's been a week now, so here's (the next) GJ chart pic
Can we notice any similarities of the market & trader interests
Just business as usual imho
Trade safe folks & trade 'em well
.
- #10,380
- May 21, 2024 10:59pm May 21, 2024 10:59pm
- Joined Dec 2018 | Status: Trader | 4,592 Posts | Online Now
And are the market mechanics all confined to the one pair.
NOT imho
Market response to trader attraction is with a similar (not same) behaviour each & every day (to my eyes).
So if we can add and subtract, we can also observe too I reckon, daily
Trade safe folks, trade well
My morning in Asia is over, back for Franky/London, take care.
.
NOT imho
Market response to trader attraction is with a similar (not same) behaviour each & every day (to my eyes).
So if we can add and subtract, we can also observe too I reckon, daily Trade safe folks, trade well
My morning in Asia is over, back for Franky/London, take care.
.
