Wednesday, August 5, 2015

I bought the HIGH tick of the morning on the SET 50


The daily is in an overall downtrend, and I shorted 926.30 shortly after the morning open.  Price moved in my direction about 2 points, then buying started about 925.00.  I am new to the SET 50 and while I almost covered at 925 due to seeing the strong buying at 925, the volume was insufficient.

My stop was at 927.50, which was a couple ticks higher than the previous swing high (5 minute chart).

I think all of about 5 contracts traded at 927.50.  One of them was mine.

Thursday, July 30, 2015

Venezuela being forced to sell off long term

https://www.yahoo.com/news/venezuela-risky-financial-acrobatics-raise-hard-currency-022525771.html

Assets to satisfy short-term debt issues. I wonder if there isn't a better way to structure their currency that might allow short term liquidity without long term losses.

'Earth is their vault'.

Wednesday, July 29, 2015

Currency wars - prognosis of the USD

Reading this interesting comparison between Iceland and Ireland, it can be understood that each currency is a microcosm used to determine outcome and adjust strategy accordingly. (Scotland cutting off the Queen was a significant event.)
The USD is King of the currencies and is under attack from all sides.

Prognosis
If the USD is engineered into hyperinflation (as it appears it is poised to), the US population is heavily armed and will need to fight for food or water. This will position the population against its own military and police force (as has been seen). With large casualties, the "winners" can walk into the US with few casualties of their own.

Solutions
  • restore trust in the accounting
  • restore trust in the data security
  • stock exchanges in 50 states distributes capital much more effectively


Tuesday, July 28, 2015

Is this the beginning of the great hyper inflation?

Prices have gone to rents. As rent is a long term contract, that is a floor providing the upward spiral. https://www.yahoo.com/finance/news/rents-haircuts-americans-start-feel-165500571.html

Adding some thoughts:
Rent is a long-term contract, so when that goes up, it affects the CPI permanently.

Wages are a long-term contract, so when that goes to $15/hour, it affects the CPI permanently.

The stage has been set for a hyper-inflationary upward spiral. I do not think the Fed can stop it, despite their enormous creativity.

FYI, I think the gold market's recent turmoil is due to a difference between paper and physical. Note Bullion Direct's recent bankruptcy.

Friday, July 24, 2015

"Program" trading in action

One might notice the extreme similarity between the market action of the EUR/USD and the SPX500.  Start from the steep drop off, notice the precise ups and downs.  One is 5 minute, and one is 15 minute.  This is due to volume differences between the two markets at that time of day.  However, it is proof of computer control over price action.

How does that occur?
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