The idea that central planners have bullets that do anything
other than create capital misallocation bubbles is on the chopping
block. The loss of confidence in central planning as a whole would
reveal both markets & economies to be at far greater risk than
in 2007-08. Be prepared for this.
We need a new name for "markets" in a world in which they are
becoming more like the puppets of the central banks. The problem
for the CBs is that sooner or later their strings will break.
It's a complete joke that will have real negative consequences.
They not only pushed out the dots, but one member (probably the MN
dude) went negative for 2016. If anyone sees any harmless way out
of this perpetual farce against economic gravity and business
cycles, post away.
anyway those are day trades. The indexes formed inverted
hammers off resistance so could someone have taken a short based on
the daily chart of ES or SPX and held it, yes def and would have
been objective. The trades are relative to the time frame you
are trading, the RVM trades are day trades only. A short
based on the daily SPX or ES, well that's not a day trade
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Fed leaves rates unchanged
Posted by steve on 17th of Sep 2015 at 01:56 pm
Fed leaves rates unchanged
I wish they had raised
Posted by matt on 17th of Sep 2015 at 01:59 pm
I wish they had raised it, now the clock resets again and we have to go through the bullshit later again
GDX liking it so far but gonna be volatile folks
Another gold stock went on
Posted by oatdust on 17th of Sep 2015 at 02:53 pm
Another gold stock went on P&F buy signal. $bpgdm is at 6.67. Maybe we can get a nice run out of it this time
haha
Posted by tsurplus on 17th of Sep 2015 at 02:02 pm
This fed could be the only one in US history where the failed to raise rates even once before it goes into recession again!!!
They already blew it long
Posted by a_l_ on 17th of Sep 2015 at 02:05 pm
They already blew it long ago. Raising rates into a deflationary global slowdown would be a recession trigger.
but what if recession coming no matter what ?
Posted by tsurplus on 17th of Sep 2015 at 02:10 pm
no bullets
The idea that central planners
Posted by a_l_ on 17th of Sep 2015 at 02:14 pm
The idea that central planners have bullets that do anything other than create capital misallocation bubbles is on the chopping block. The loss of confidence in central planning as a whole would reveal both markets & economies to be at far greater risk than in 2007-08. Be prepared for this.
totally agree. What a mess.
Posted by wowten on 17th of Sep 2015 at 02:27 pm
totally agree. What a mess.
We need a new name
Posted by puma on 17th of Sep 2015 at 02:20 pm
We need a new name for "markets" in a world in which they are becoming more like the puppets of the central banks. The problem for the CBs is that sooner or later their strings will break.
It's a complete joke that
Posted by a_l_ on 17th of Sep 2015 at 02:26 pm
It's a complete joke that will have real negative consequences. They not only pushed out the dots, but one member (probably the MN dude) went negative for 2016. If anyone sees any harmless way out of this perpetual farce against economic gravity and business cycles, post away.
System needs a major cleansing. Misallocation
Posted by wowten on 17th of Sep 2015 at 02:29 pm
System needs a major cleansing.
Misallocation of capital, bubble after bubble, zirp to infinity, killing savers, etc etc
We've heard it all before.
Unfortunately it is all true. The froth needs to be purged.
the FED needs to be purged completely.
Market likes the way Yellen
Posted by puma on 17th of Sep 2015 at 02:45 pm
Market likes the way Yellen moves the goal posts.
we like it!, no!, yes? no?
Posted by tsurplus on 17th of Sep 2015 at 03:15 pm
excellent environment if you are very nimble
Posted by tsurplus on 17th of Sep 2015 at 03:29 pm
alas, not one myself
yes I've done a few
Posted by matt on 17th of Sep 2015 at 03:34 pm
yes I've done a few RVM trades today, every nice ones. Some on ES, one on TF, one on GC gold.
again good for traders who are nimble and can watch and have tools. Most people who work jobs or who are busy can't and shouldn't trade it
Hi Matt - what timeframe did you trade it?
Posted by torvix on 18th of Sep 2015 at 02:46 am
trade what? ES, TF? GC?
Posted by matt on 18th of Sep 2015 at 09:03 am
trade what? ES, TF? GC? When I trade futures via the RVM method, I look at 5, 10, 15, 20 min charts and whatever time frame a chart sets up I take it.
for example here's a short trade I took on the TF yesterday
http://bpt-images.s3.amazonaws.com/0962275001442419604.png
anyway those are day trades. The indexes formed inverted hammers off resistance so could someone have taken a short based on the daily chart of ES or SPX and held it, yes def and would have been objective. The trades are relative to the time frame you are trading, the RVM trades are day trades only. A short based on the daily SPX or ES, well that's not a day trade