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The reserves of any CB are not some investment capital that you can or should risk. The excess reserves are there for two reasons: positive trade balance and non trade related demand for CHF (safe haven etc). What's wrong with holding onto these reserves? There is only one sane and logic thing...

they have been printing now for what 20 years or so? First 15 years did nothing. Now they print and buy everything they can, they own almost entire bond market and even buy stocks if I'm not mistaken... QE might (and I mean "might", not "will") work when you're the only CB in the world doing...

That's what it looked like, one after another were gunning for ATH stops, and wouldn't let go till there, though my call was more of a "hope" since I have 2 ES longer timeframe shorts in the red and can't stand looking at these ATH. Could have exited them at BE at the days lows... but it's...

I can assure you the Fed is not concerned with what happens in stock market on any given day. It was a blip, let's see what it leads to. Keep in mind that we are (in generall) still at ATH levels. In fact I don't like today's close at all. YM and TF are still at ATH, ES close to it. I was...

I guess it depends on the close, if we end up at the day's lows, we may finally get a short term top

stops on all 4 indices tripped, that should stop the rally for today

Look at the time of my post. The comment I was semi quoting was in reuters on the morning of the elections or the day before. The consensus was PM May would fare much better (than she did) so the harder exit negotiations would result. Of course NOW they say that softer exit may be on the cards...

that's exactly what I see: every news gets turned out into positive, no matter what it is. The latest one I saw was regarding the UK elections: markets are poised for the "relief rally". Relief from what? Yes, some companies will get more profits (and that may push the valuations even higher)...

I'm not saying US market can't go higher but: 1. if EU and especially EM markets are relatively better value then the money will flow there, not to US markets 2. Europe is getting its act together? Well I'm in EU and I can tell you that within EU only Germans are doing well and CEE. The rest of...

I don't care for long term or sustained sell off or bear market. I was simply stating my opinion, that in order to see a good flush (however brief that might be) we may need first to get a large gap down that would cause fire sale liquidation from those trapped. I'm just afraid that with all the...

we just missed the jobs and had revisions lower on prior two reports. Any news, and I mean ANY news is a positive news (funny how possible trump's "i-word" in one day was turned into positive news that with Pence it will get even better). There are a lot of sighs that say it ain't right yet...

I'm afraid it will get even worse than in the past with all that algos buying, ETFs out there etc. A truly parabolic moves

funny article. did the author consider the following issues or he just picked 100th day like there is some freaking magic behind it: 1. the bull run we have had so far 2. Fed slowly removing the punch bowl, ECB about to do the same. 3. markets already pricing in everything positive there is to...

What you say makes perfect sense. There must be a rate of return on the risk capital involved and separately there must be a compensation for the time put in trading. The second part is different for each, basically whatever wage you could earn given your skill set and market conditions at the...

That's correct, but IMHO this is mostly due to the minimum contract/trade size. Enter the forex world (true high quality ICN's) and suddenly everything is perfectly scalable to 0.1 or 0.01 of a lot (including commissions). Of course bigger account allows one to live off the trading at...

you meant "volume chart" for that other variation?

you're mixing up "last traded price" with bid/ask. market might be down to 100/101 and price might never even reach 100 bid, so placing market buy order and being filled at 101 could get you in at the lowest tick, therefore your "I have already lost one tick on the entry" is wrong. you cross...

I'd really love to hear more from you on this subject since you sound (claim) to be an expert and I'm always open to learn something new. How did you come up with $25 round trip spread cost trading ES? If you buy at the ask and sell at the bid that's 1 tick roundtrip spread cost. It's past 11pm...

Yes I trade but what does it have to do with Hebalife? Stop focusing on other things in life and focus on subject at hand. Besides, as someone that claims is a trader, your entire post makes very little sense. No one in this tread is moralizing about winning/losing in trading. Being part of...

Just to be clear: I've got noting against, sir. Perhaps you're a good trader and I enjoy when you talk about that (trading) but you moral compass seems to be... way off. Please see my comment above to OP. Based on what you say, it would be easier to justify dealing drugs because of a "free...