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Much of the rest of the world world would LOVE to see the $USD collapse... for political reasons. (They don't like living under the constraints of US sanctions, of course.) But economically... we've overspent and printed money... so has everybody else... thus $USD is still the "cleanest dirty...

In your dreams, buckeroo!

Market once again tried to "front-run" anticipated Fed pivot... and got caught with their hand in the cookie jar. Doubt they've learned any lesson... look for same again another time or two.

Market can/does "front run" expectations sometimes/often.... sometimes there is big disappointment... like today. If a trader wants to have a "play" on in anticipation of such news, best to already have a big profit cushion. How big is "big enough"? No way to tell. ES dropped about 100...

No volume bars or MAs on intra-day charts, but I keep the 200 and 50 day MAs on daily charts.... everybody does that. (Anyone who doesn't should be.) When those MAs act as support or resistance, they are Price TA plays. Sometimes the market goes back and forth across one or both MAs like they...

Marginally? You're kidding, right? Your entire objective as a trader is to get your money "in tune" with price. You don't get paid for any other notion.

Price Action + Psychology. Learn to "trade the chart... with discipline". Everything you need to know is in the chart. Whether you understand or agree/disagree... it's in the chart. The chart is always the final arbiter of price.

Reich is a dickhead much like Krugman.

Yeah. JPow says, "I'm going to stay the course"... market says, "We don't believe you". Amazing. You/we can still trade this market but need to do so technically.... chart-based. Futile to have a notion of what will/should happen.

Not a small thing. If ever CBDC in America, we'll be like CCP. Anybody really want that?

Early in the "interest rate rise" phase, banks do well because they can charge higher rates for their loans and capture a bigger spread. At some point, rates get too high and things come apart.

Wow... quite the opposite of my thinking. I live on the end of a cul-de-sac with one other home. 1/4 mile "run-up" to the end, so basically zero traffic past our house, which is a walk-out-ranch. Could be better only if a fishable river ran past our property. :)

"To defend your person, you need a hand gun. To defend your home, you need a shotgun or carbine. To defend your liberty, you need a battle rifle"

Amazing how the market goes, "F that... BTFD anyway". One possibility is that the market goes, "ignore this, ignore that", then at some point, HOLY CRAP (wouldn't be the firs time)! IMV, this is a high risk time to go big on either the bullish or bearish scenario.

Market says, "screw that... BTFD anyway". IMV, the market is in the "disbelief" stage... and highly dangerous for the bulls. https://www.zerohedge.com/markets/stocks-bonds-dive-after-powell-comments

"Nothing"? Are you dense? Lots of players are convinced bulls. Lots are also convinced bears. One of them is correct, but which? (My view, as stated, is currently "undecided"... just sit tight. The market will reveal in due time.) The greatest trading opportunities for profit are in the...

1. The market is in a big Wave 4 correction from the C-19 low with ATHs to come. 2. Or, the market is genuinely bearish... but we're in the "Wave 1, disbelief" stage. To support #1, the market needs to take out the early year highs. To support #2, the market needs to take out the June lows...

IMV, a good trade can be explained to a your grandmother in 10 words. (Yes, that simple! OK, that's a bit of an exaggeration... but only slightly.)

Mortgage rates in the early '80s were >15%

I don't know about the MES in particular, but that time is pre-RTH in the US, so liquidity likely somewhat low. (see DOM) And in a fast market condition (like reaction to interest rate news), it's more likely to suffer greater slippage than normal.