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Want to know what's real?
The answer is quite simple.
Eyes off of the screen!
Markets in meltdown!
It's time to buy from the scared.
Thus quoth Lichello.
The NASDAQ is now
the "magnificent seven,"
flotsam, and jetsam.
Markets fall somewhat,
but not an historic crash.
Could be just a blip?
Taxes, eclipses!
My bandwidth had been maxed out.
Back to normal now!
Wait, there's something new!
In the lower left corner...
A thumbs-up for you! 👍️
Those that make use of
The Rule of Seventy-Two
show classic knowledge!
Wut
It seems that A.I.
isn't ready for prime time,
despite sci-fi hype.
They say that markets
love divided government.
Post mid-term rally?
The market is closed,
so, we take a well-earned break.
Happy Labor Day!
These valuations
are a bargain hunter's dream.
Shop, shop, 'til you drop!!
LOL, well don't feel too lonely. I actually check in every day, so I actually see all your posts.
I'm generally kind of rushed though, because this is one of a list of several financial sites that I check each day. I'm in a quite a few markets; equities, currencies, fixed income, real estate, etc.
But keep 'em coming and let not your heart be troubled! Your haiku genius isn't being wasted!
Buying from the scared
is the thing to do right now
(not on margin though).
I believe it's spelled "Rubble" now.
Investor's Hub lacks
something these posts sorely need...
a big "LIKE" button!
Just popping in with a quick announcement.
Unfortunately, FX Trader's Weekly ceased operations with its August 7, 2021 issue.
This was necessary because the revenues were not nearly high enough to justify the time and expense of publication and marketing. Thus, I will be concentrating my resources on trading going forward.
As always...keep pipping up!
Your task now complete,
hopefully you'll contemplate
a well deserved rest!
To my favorites
I now add this awesome board.
It's good to be back!
Though still on iHub,
my status is now free, so...
thank you for this, Tom!
OFF TOPIC
Hello OldAIMGuy! I'm responding here because I'm a free member now and can't respond to your message nor can I post to the Haiku board. Anyway, the answer is no, that's not the site I built - mine is gone, but it had a hyphen in it (market-geeks). My current site is Forex related - you can see links to it on iHub's free Forex Traders board. Hope this helps.
RE: Our earlier discussion on the Turkish Lira (TRY) carry trade...
I mentioned at that time that Erdogan commonly bullies the Turkish central bank to keep rates artificially low. Well, he's at it again, as this article from ZeroHedge describes. The article even mentions the evaporation of the carry trading profits as the Erdogan's policies continue to drive the Lira into the dirt.
Canada had a fairly good news week last week - good retail sales, but I don't see any news over the past couple of days to explain the runup. FXTW is essentially contrarian, so I'm seeing CAD as very overvalued. It's also got the worst macro-economic score as of last week - high unemployment and high inflation (relative to the other majors).
Hello cAt!
I see your order in the site's database for the yearly sub. It's showing a status of "Review" and I haven't received any notification or deposit from PayPal yet, so I checked into it further. I found this page on their site.
According to that, they try to complete the transaction within 24 hours. They either let it go through or reverse it. Once it goes through, your login should work.
Kind of weird - I've had a couple of weekly subs come in over the past few days and those just seemed to happen without any delay. I'm guessing it's because you just set up the PayPal account at the same time. At any rate, we'll see what happens tomorrow. I'll be on here at night again as usual.
I see the message in my mailbox, but just the text, "Cap, See if my script went through". So I don't see any signs of a script running anywhere.
Wow, I use mainly Fundies to pick trades and then manage them with technical levels, and I think there's a clear one on that chart right at the big 1.2000 figure.
It's hard to tell over at the left side because it cuts off, but it looks like there was resistance right there that got broken, and has been acting as support ever since.
Wonder if you might want to wait until that breaks to the downside again and retests from below.
Thanks! And where did you get that picture of me with the drum???
Right now I'm actually struggling to get the time to create more content, specifically blog posts, because I'm working full time about 55 hours/wk in this overheating economy.
Sounds like you're starting your demo trading off on the right foot!
Yes, Trading Economics is great. I check it out weekly.
It hasn't really been carry trading season since the financial crisis of 2008. Rates plunged then, and have stayed low around the world. That's part of what's fueling the big runups in equities and other assets.
That being said, I think we're looking at inflationary pressures starting to pick up. We haven't seen bad inflation since the 70's, but that may be about to change. If so, rates will start to head up again, and there should be plenty of high yielding opportunities in much safer economies. Before the yield crash, NZD/JPY used to be a nice vehicle, for example.
If you really like those big yield numbers, check out Venezuela, lol! Rate is over 58%. But you'll always find those high rates in very rough neighborhoods in the world - often around wars. Right now there are high rates all over the Mid-east and Iran, Zimbabwe in Africa, troubled states in Central America like Venezuela and Argentina, etc. With big rewards comes big risks.
Concur, based on fundies as well. FX Trader's Weekly has the Euro as the second most bearish of the majors in this past issue's ranking.
Warning Warning!
I tried the TRY carry trade for years, and always got killed. Pull up a weekly chart for the past decade or so and you'll see why.
Erdogan is batpoop crazy, and bullies the CB constantly about rates. He's making enemies all around him and driving the country into the dirt. Gregory Copley of Defense & Foreign Affairs actually predicted a couple of years ago that Turkey may break apart this decade. This is the only country in which I (a former U.S. military officer) would actually welcome a military coup to restore sanity.
Shun the Turkish Lira, for it is the harbinger of death...
Placed on my YT watchlist. Should be able to check it out this weekend. Thanks!
K, I'm out for a late dinner then bed. Gotta get up in less than 8 hours. I generally check in each evening, so until tomorrow then. Have a good night!
I actually do have an account with Ameritrade as well, but I haven't used it for years. I used to use it for daytrading stocks, but never used their Forex features. I'd trust Ameritrade over some of the lesser known FX brokers though.
I saw that on YouTube. I responded to your response, lol
When you're writing the post, there's a set of buttons to the left of the textbox - one of them is for images. I can't quite remember what goes between the tags though - a URL for the image location maybe?
Yes, you did lol. I can't reply directly to those, but Public Reply works. Looks like you've got it now. I've never used IG, so I've got nothing there.
I saw your PM, but my membership reverted to Free some time ago, so I couldn't reply. But indeed, the FL has yet to sing, and I see you're bringing the band back together...
Welcome back! Hope you've been well. As you can see, I've been lurking and puttering around every so often on here. Good to see your smiling electrons on this board again.
Meow back!
The only Forex broker that I really know is Oanda, and I've used them for years with only one issue with a deposit a few years ago (an issue they've since fixed I believe).
They're reputable, with board members that are on some of the largest tech giants (Microsoft is one), and in terms of capitalization and financial strength, they're near the top.