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  1. H

    Are all price patterns the same? (examples)

    Not true. You pay to play the Yes, But game and the guru obliges.
  2. H

    Are all price patterns the same? (examples)

    You get what you pay for grasshopper.
  3. H

    Global Macro Trading Journal

    Scaling out of some risk here.
  4. H

    Global Macro Trading Journal

    JPY 100 Failed Offer. Observe for JPY 100 Held Bid. Major test of this rally is in play now.
  5. H

    Are all price patterns the same? (examples)

    Chop wood, carry water.
  6. H

    Global Macro Trading Journal

    y Consider the role of algorithmic manipulation by the largest participants in the intraday structure as enhanced by intraday qe operations. My ability to anticipate intraday structure has greatly improved by adopting this mindset.
  7. H

    Are all price patterns the same? (examples)

    PA conveys Effects and should be observed accordingly. A Fractal may do many things at once.
  8. H

    Are all price patterns the same? (examples)

    These are Held Pivots versus Failed Pivots. Also informative. If you can't discern Direction then do not participate.
  9. H

    Are all price patterns the same? (examples)

    Think in terms of Sequences...
  10. H

    Are all price patterns the same? (examples)

    Glad we all agree on the only 6 things the market can do. Now let's talk about how to identify them in real time. [/B] A fractal is a nested structure. Observe accordingly...
  11. H

    Are all price patterns the same? (examples)

    Agreed. I use the following: Higher High, Equal High, Lower High, Higher Low, Equal Low, or Lower Low. But these are just building blocks...
  12. H

    Global Macro Trading Journal

    JPY held offer at 100 retest appears in play. Risk on IMO if JPY 100 held bid.
  13. H

    Global Macro Trading Journal

    Understood. I think Neo-Keynesian would have been the better choice of words, whereby the term Neo is a catch all for every form of economic and political propaganda uttered over the last 30 years in defense of the US imperial mandate. So you have the Neo-Keynesians, the Neo-Conservatives, the...
  14. H

    Global Macro Trading Journal

    JPY held offer at 100 supports this stance near term. JPY held bid at 100 would invalidate.
  15. H

    Global Macro Trading Journal

    I think you are comparing this business cycle to prior cycles whereas I am comparing this quarter's metrics to last quarter's metrics with respect to the current cycle. I agree that this cycle "sucks" relative to every cycle since 1982 because we are not enjoying the employment benefits of...
  16. H

    Global Macro Trading Journal

    I agree that this will be a contentious factor for valuations in the coming quarters.
  17. H

    Liquidity Takers vs Makers

    The larger players are taking and making liquidity simultaneously in the futures versus the cash as they arb and hedge. Then they take liquidity in the cash while making liquidity in the futures as they unwind everything. IMO...
  18. H

    Global Macro Trading Journal

    The US economy does not suck at the moment as conveyed by employment momentum and housing starts. The compares on consumer spending will get tougher over the next few months but easier before year end. The US Dollar is an issue for earnings among multinationals but not for small and mid cap...
  19. H

    Global Macro Trading Journal

    Japanese QE will have an impact on global sovereign credit flows and this in turn will have an impact on the bid for equities in a manner similar to US QE. I agree the impact on earnings is less clear given that the rate structure can't move much lower to generate the degree of excess...
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