Alot of action from the price. Should I call it price action? This is already its own expression. Price action action?
If you followed some of my previous ideas you will have noticed I missed out on USDCNH and it went way down.
It could do a small pullback then flush down but I am not sure this is likely. Have the feeling USD is going to recover and I know to listen to my intuition.
Making money comes as much as my intuition as from my quantitative approach (thousands of hours of backtesting and compiling stats), and my quant trading itself is the result of intuitions that I looked into.
There is no magic formula :( All I can say is my gut feeling is that the USD will recover. If there was a formula to be sure, all the nerds in universities would be billionaires.
But instead guys like Nouriel Roubini have predicted 8 of the last 2 recessions & are bearish on Bitcoin since 2010 :D
There are logical reasons for me to think the USD could recover, including it has a record number of people selling it.
Ah ye also why there is no secret formula is that this exact situation never happened before. There is always something that makes it the first time.
It is never the exact same. Intuition > all because it is the only thing that can give you decent confidence you'll still be around in the long run (unless you risk 5% per trade or sell naked calls) as opposed to finding a system.
The USD pairs are going to change phase, maybe not a complete reversal into an uptrend, but the downtrend I think will stop, and shift to sideways at least.
Euro pairs
GBP pairs
Then even more is moving, in particular the Australian pairs
Apart from FX there are some notable things going on. I crack up when I look at those 😆
Geez what is up with this? I hope no retail inverse ETF "investor" bought or there will be an investigation.
Also copper is continuing its trend up and I was sure I was in it but apparently not, it got closed Friday afternoon and not re-opened.
I don't understand I don't remember... Misclic maybe? Or I was drunk? maybe I thought "this is not a perfect setup" and I exited early with small profit?
I don't even remember yikes. Well, going to have to wait for the next pullback now...
Nickel also continues to skyrocket, tradingview does not have the chart but they have the ETF ones, so I'll show this
Yes commodity ETF are bad (if used wrong) especially leveraged. If you think you can make easy money shorting them, yes maybe, but you have to think, how much alpha will I generate?
Will you make better than the risk free return? Just because it looks like free money does not mean it is good. I did not even look into it I doubt it is really worth it.
That's it for FX & the commodities I watch.
I can't be bothered looking at stocks nor crypto nor real estate nor fixed income.
If you followed some of my previous ideas you will have noticed I missed out on USDCNH and it went way down.
It could do a small pullback then flush down but I am not sure this is likely. Have the feeling USD is going to recover and I know to listen to my intuition.
Making money comes as much as my intuition as from my quantitative approach (thousands of hours of backtesting and compiling stats), and my quant trading itself is the result of intuitions that I looked into.
There is no magic formula :( All I can say is my gut feeling is that the USD will recover. If there was a formula to be sure, all the nerds in universities would be billionaires.
But instead guys like Nouriel Roubini have predicted 8 of the last 2 recessions & are bearish on Bitcoin since 2010 :D
There are logical reasons for me to think the USD could recover, including it has a record number of people selling it.
Ah ye also why there is no secret formula is that this exact situation never happened before. There is always something that makes it the first time.
It is never the exact same. Intuition > all because it is the only thing that can give you decent confidence you'll still be around in the long run (unless you risk 5% per trade or sell naked calls) as opposed to finding a system.
The USD pairs are going to change phase, maybe not a complete reversal into an uptrend, but the downtrend I think will stop, and shift to sideways at least.
Euro pairs
GBP pairs
Then even more is moving, in particular the Australian pairs
Apart from FX there are some notable things going on. I crack up when I look at those 😆
Geez what is up with this? I hope no retail inverse ETF "investor" bought or there will be an investigation.
Also copper is continuing its trend up and I was sure I was in it but apparently not, it got closed Friday afternoon and not re-opened.
I don't understand I don't remember... Misclic maybe? Or I was drunk? maybe I thought "this is not a perfect setup" and I exited early with small profit?
I don't even remember yikes. Well, going to have to wait for the next pullback now...
Nickel also continues to skyrocket, tradingview does not have the chart but they have the ETF ones, so I'll show this
Yes commodity ETF are bad (if used wrong) especially leveraged. If you think you can make easy money shorting them, yes maybe, but you have to think, how much alpha will I generate?
Will you make better than the risk free return? Just because it looks like free money does not mean it is good. I did not even look into it I doubt it is really worth it.
That's it for FX & the commodities I watch.
I can't be bothered looking at stocks nor crypto nor real estate nor fixed income.
Comment:
AUDNZD going vertical. I want to sell on a pullback but there won't be a pullback.
And if I just sell, there will be a pullback. 😢
And if I just sell, there will be a pullback. 😢
I think it's more the other currencies being weak and fighting to be weak than the pound being strong. Except the AUD, but içt even went way up against it, perhaps simply because it was made strong compared to other currencies.
In these articles from 2017/2018 the ECB was worried by euro strength they try so hard to have it go to zero.
Was at a top "distribution" around 1.22 if you remember and then it started a big violent trend down followed by the weak downtrend of the last 2 years.
The ECB head changed but they have the same directives. Go to zero faster than the USD to gain an advantage.
They are going to try to push it down again this is predictable history repeats itself... I mean it's not divination it is their open goal to do so.
But this time around there is the fed that wants to print bazooka money & Trump that wants to weaken the usd.
And also add to this (they don't even know it themselves 😜) opposing the weakening usd that makes the rich richer the marxists that now started killing people.
www.dw.com/en/ecbs-m...-strength/a-42305858
www.reuters.com/arti...-looms-idUSKCN1BH35M
USD pairs
And then there is nothing special otherwise. Maybe AUD is taking a break.
It's mostly just the GBP going boom for now.