To be, or not to be, that is the question:
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles
Hello traders
Straight from the Bart's mouth. Should we continue to duck and dive through this chaos and continue trading? Or will we drown in this sea of troubles?
Well, I shorted EUR/USD last night at 1.1535 with an eye towards 1.1413 as a purely technical play after the tirade to fire Powell which we all know is so much baloney because he is just the mouthpiece of the FOMC, not the ultimate decision maker. The pop higher over the weekend was illiquid because of the Easter weekend.
I closed my short at 1.1420 and was planning on shorting again at 1.1480 but the live on TV announcement that he has no intention to fire Powell upended that apple cart.
I have initiated a short position at 1.1405 after the retracement from the 1.1308 low with an eye towards 1.1000 but who knows?
He has now softened his stance on the Chinese tariffs but once again, don't hold your breath.
The only certainty we can count on is that there will be continuous uncertainty.
Gold has a shooting star on the 2D chart and DXY has a long tailed Doji on the downside.
Long story short, keep swimming. We chose this career voluntarily and while we will never outsmart the market, we can definitely switch from free style swimming to back stroke to Esther Williams water ballet BUT don't just give up.
Good luck all.
Whether 'tis nobler in the mind to suffer
The slings and arrows of outrageous fortune,
Or to take arms against a sea of troubles
Hello traders
Straight from the Bart's mouth. Should we continue to duck and dive through this chaos and continue trading? Or will we drown in this sea of troubles?
Well, I shorted EUR/USD last night at 1.1535 with an eye towards 1.1413 as a purely technical play after the tirade to fire Powell which we all know is so much baloney because he is just the mouthpiece of the FOMC, not the ultimate decision maker. The pop higher over the weekend was illiquid because of the Easter weekend.
I closed my short at 1.1420 and was planning on shorting again at 1.1480 but the live on TV announcement that he has no intention to fire Powell upended that apple cart.
I have initiated a short position at 1.1405 after the retracement from the 1.1308 low with an eye towards 1.1000 but who knows?
He has now softened his stance on the Chinese tariffs but once again, don't hold your breath.
The only certainty we can count on is that there will be continuous uncertainty.
Gold has a shooting star on the 2D chart and DXY has a long tailed Doji on the downside.
Long story short, keep swimming. We chose this career voluntarily and while we will never outsmart the market, we can definitely switch from free style swimming to back stroke to Esther Williams water ballet BUT don't just give up.
Good luck all.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.