not bad! yea ripples the way to go, cheapest transaction... i mean i believe in blockchain and i believe the fundamental value lies in cryptocurrency to be a method for low cost fund transfers/transaction, so lowest cost wins out eventually. another ...

The Swamp

well the craze with bitcoin is already starting to feel like this.... shell companies selling juice renaming themselves as crypto only to see shareprice rocket 1000%, i mean if this isnt insanity i dont know what is..... whats scary is that some of ...

The Swamp

yea i know... his mofu is ridiculously good.... been trying to learn but 1. dont even know what mofu means. 2. cant seem to piece together how he comes up with these levels

The Swamp

yep it does remind me of people's appetite to go for CDS/CDOs, as well as invest into junk bonds for yields, simply because the equity markets been posting a hefty 20% gain this year..... Bond funds will be taking on a lot of risk just to stay ...

The Swamp

you did indeed just didnt expect to play out so predictably....

The Swamp

god.... the doomsday indicator.... 10y v 2y treasury yield spread now down to 0.5248, this is getting really unnerving.... once we hit 0 on that spread... itll be the beginning of the end.... in fact if you looked back to the previous financial ...

The Swamp

oh yea ur right, it did close... but i found out what the EURUSD was testing for had to go all the way to the Daily to see whats going on..... but if we are going to see a top here.... im eyeing atleast the 1.1720 area or even 1.1420 (fib expansion ...

The Swamp

oh wow... just realized there was a gap from EURUSD 2 weeks ago and that this move closes it....

The Swamp

And heres me thinking that low liquidity is only gona thwart any efforts of a breakout....

The Swamp

my short already looking ugly now.

The Swamp

i dunno.... last time we saw how ineffective occupy wallstreet was...

The Swamp

but im curious what if the entire country or even the globe is a ponzi scheme.... i guess its only gona mean we keep the bucket rolling.... or have we figured out how to sell our debt to martians?

The Swamp

done, post removed.

The Swamp

if anything from what i wrote.... can be easily summarised as.... "So what... does it make me money?" so im with you on the banking crash, and ill be ready for it. up or down, doesnt matter just matters to me is making a profit whichever the ...

The Swamp

to sum it all up... Global economy is driven by Spending.... and sadly more spending can only be achieved by increased debt..... so really theres no point in complaining about rising debt... eventually it will collapse and then create another record ...

The Swamp

Interest rates on the rise alone is not enough evidence of a correction in the financial markets, im actually more concerned by the 10 year 2 year spread in treasury yields....

The Swamp

Thanks gator. Actually its the commodity currencies like AUDUSD thats baffling me.... was in short but stops taken out already. doing my post trade reviews makes me wonder if the lack of retracement lower on audusd is a consequence of year end ...

The Swamp

Im going short eurusd here around 1.1870 stop at 1.1930 target will see how it goes.

The Swamp

Id laugh my head off if the month ended negative.... also cryptos continue to trade over the holidays so i guess its not going to be a silent night afterall

The Swamp

nope, im neither buying nor selling..... its such a shady instrument to trade, which i recon both buyers and sellers will eventually face settlement risks... where brokers just wont honour the trade.

The Swamp