Still holding on to this trade; it could come good, real good.
omg it seems obama is about to speak…it could trigger some buy/sell orders!!!
why do you want to speak when im in a position shorting the usd!
please tell the public that US is going thru the worst economy, and now you’re trying everything you can to fix it
but give no exact details! just a general idea is enough
What a quiet day, compared to Thursday and Friday last week.
Or am I speaking too soon, before news release later today?
i was expecting a volatile day!!! i guess obama’s words were not strong enough to move the currency markets
ok time to buy gbp! betting my future wife+kids on the line
baby jesus, im counting on you
time to go rich or broke!
Lol go for it, u can always get a new wife
lol, that’s what i’ve been thinking as well!
oh this is the 4h chart of the usd/chf that just broke up and up on the hourly chart
once in a lifetime shorting opportunity on the usd/chf
downtrend line has been set since july and has been test quite a few times
it’s about to test it and fall
when that happens, it means time to go short at around .92 or a bit higher and SL right above the trendline
this is where you sell your grandpa and grandma for this trade!
too bad, i got my hands tied with my gbp + euros
if they weren’t tied, i short this opportunity every single time!
I’ll give it a punt, don’t have a wife to lose lol
LOL
Did he speak? If so, there was no impact, right?
yup he spoke alright , something about congress didn’t aprove raising the debt ceiling
anyway, it made 0 impact on the forex
i was so scared that i literally closed my position!!!
According to the Treasury, “failing to increase the debt limit would . . . cause the government to default on its legal obligations – an unprecedented event in American history”.[18] These legal obligations include paying Social Security and Medicare benefits, military salaries, interest on the debt, and many other items. Making the promised payments of the principal and interest of US treasury securities on time ensures that the nation does not default on its sovereign debt.[19][20]
Critics have argued that the debt ceiling crisis is “self-inflicted,”[21] as treasury bond interest rates were at historical lows, and the US had no market restrictions on its ability to obtain additional credit.[citation needed] The debt ceiling has been raised 68 times since 1960. Sometimes the increase was treated as routine; many times it was used to score political points for the minority party by criticizing the out-of-control spending of the majority.[22] The only other country with a debt limit is Denmark, which has set its debt ceiling so high that it is unlikely to be reached.[21] If raising the limit ceases to be routine, this may create uncertainty for global markets each time a debt ceiling increase is debated.[21] The debt-ceiling crisis of 2011 has shown how a party in control of only one chamber of Congress (in this case, Republicans in control of the House of Representatives but not the Senate or the Presidency) can have significant influence if it chooses to block the routine raising of the debt limit.
Let there be market action!!! :21:
gbp is starting to move now
Now it’s time for EU :21:
Anybody using zulutrader? Follow me there; obaasimafx.
You can follow trade setups from many professional traders there for free.
Quite an interesting system they’ve got there.
This trade is still going strong. It’s moved a good number of pips today, maybe t/p will be hit tomorrow??
Earlier on, I had not realised that the t/p had been reached. +100 pips profit banked.
Obaasima
Looks like you just started as a SP with Zulu trade like myself. Name is under Island wealth investor. Lets compare rankings as time progresses. I hold you to the challenge. Nice trade BTW. What kind of monthly percentages do you average monthly?