Global Macro Trading Journal

Discussion in 'Journals' started by Daal, Feb 25, 2011.

  1. gmst

    gmst

    I hope I am witnessing capitulation in eurchf before my eyes. If this is not capitulation, what is !!!

    I also hope that barrier writers would buy tons of eurchf to defend 1.0000 barrier options they would have sold !!!
     
    #1021     Aug 9, 2011
  2. Heroes, put 'em up on Mt. Rushmore. Where were these dissents earlier this year?
     
    #1022     Aug 9, 2011
  3. It will probably go beyond parity now.

    Maybe 0.80 or so and the rebound back to parity or so.

    Giant moves always overshoot.
     
    #1023     Aug 9, 2011
  4. gmst

    gmst

    1. Maybe you are correct, but a short term bounce 'has to happen'. It has gone parabolic - on daily charts, weekly charts. There has to be atleast some kind of bounce before down trend begins again.

    2. People said same thing for eurusd when it reached 1.20 that it is going to parity, and I remember head of GS strategy (jim o neil) coming on tv and saying 95-98% of people he talked to are bearish so there could be a bounce. (Agreed that chinese came in strongly to buy at that level). Someone might come in to buy at these levels. Our own GoC is buying and Daal has covered. Both highly respected investors in my eyes.

    3. SNB might do a last-ditch intervention. I am surely hoping. Basically, I will take half of my position off at 1.04 where i had entered, because this drawdown is too much for me. And I will take another quarter at 1.06 and another at 1.08. This plan is as of now.
     
    #1024     Aug 9, 2011
  5. Butterball

    Butterball

    These guys are having a field day today, laughing all the way to the bank.
     
    #1025     Aug 9, 2011
  6. Sorry, but his made me laugh. Those guys may be George Soros and Stan Druckenmiller posting under an alias, but may God have mercy on your trading account ...
     
    #1026     Aug 9, 2011
  7. Butterball

    Butterball

    Those brutal telegraph pole candles in the bond charts IMO pretty much means that for the time being the GDP trend-line growth recovery is buried. Rosie must be dancing on his table right now.
     
    #1027     Aug 9, 2011
  8. Good luck dude and what the hell do I know so it's anyone's guess really.
     
    #1028     Aug 9, 2011
  9. Goldman out with a note saying forget the dissents, QE3 is on. Stocks on moonshot now. Might erase most of yesterday's loss before it's all over today.

    Aussie $ up 200 pips in minutes. NLY up 9%.:)
     
    #1029     Aug 9, 2011
  10. What a ride LOL :p
     
    #1030     Aug 9, 2011