Forex Forum Archive for 11/07/2020

dc CB 21:57 GMT November 7, 2020
News

AT Trader john 21:30 GMT 11/07/2020
.U.S. Networks declaring Biden President. Biden expected to speak this evening
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keep this in mind as you watch the spectacle.
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If the Democrats just ram these election results through without explaining, then the legitimacy not just of our electoral system but of our entire government may suffer a fatal blow.

First there have been the successful efforts by Democrats to loosen electoral administration standards and practices by legalizing ballot harvesting (where partisan “volunteers” go out and collect ballots as well as “assist” voters in filling out their ballots), allowing same-day voter registration, mass mail-in voting, and the like.

Second were all the ways the media, legacy and social, engaged in saturation broadcast of only one side of the story and deliberately suppressed any mention of the other.........................

Fourth are the irregularities in the voting and counting that began in the wee hours on November 4 and continue to this minute, including but not limited to:...................

Far from seeing any effort to explain, all I see is an enlivened and merciless push to ram through the results while censoring and slandering anyone who asks questions or points out irregularities. Either they don’t have explanations, or they don’t care what we think. Or both.

There is something to be said—from the point of view of the powerful—for just ramming things through and explaining nothing. It’s a clear demonstration of who’s boss.

Let’s Take Stock of Where We Are

HK [email protected] 21:49 GMT November 7, 2020
U.S. Networks declaring Biden President.
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ONLY IN THE US&A the president is declared by the running dogs of the Globalists: Television networks.

The president this time may be declared officially by the supreme court.
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Israeli Prime Minister Benjamin Netanyahu has been silent on the U.S. elections, and unlike many world leaders still hasn't congratulated President-elect Joe Biden.

What they're saying: Netanyahu aides say he is "waiting for the official results."

What is being understood is, that Netanyahu takes his time and considers Biden to be a weak president who will not last long.

LINK

dc CB 21:49 GMT November 7, 2020
it's far from over.

MacroMicro 19:04 GMT

soybeans. not too much to say now. the year is winding down, the US crop is in.

Brazil, the crop size, progress, and harvest --- is the next mover, as they will be selling to China...so the Real v USD noteable.

Watch the COT.
All the Free Money has the Big Specs taking large contra-seasonal positions this year. It's been a welcome boon to the producers who had been shell shocked by the Trump/Xi trade wars.

AT Trader john 21:30 GMT November 7, 2020
News
Reply   
U.S. Networks declaring Biden President. Biden expected to speak this evening.

NYC NY 20:13 GMT November 7, 2020
it's far from over.

Disagree

This was anti Trump vote. I will keep my feelings about him out of this, just glad to see him go.

I know Ttumpers who are not sad to see him go as long as Congress is split.

Minneapolis DRS2 19:08 GMT November 7, 2020
it's far from over.

Nobody understands this virus except its creators. If there is anything this entire episode has proven, it's that almost all of the so-called "science" and so-called "experts" are anything but. The only thing that IS well-understood is the willingness of politicians to prey on the natural gullibility of everyday people.

As far as the election goes...this really has very little to do with Trump, and has more to do with the American people. The model that "the deep state" and "the mainstream media" want is a unified, compliant American people who will follow their directions to the letter. They had this in (Bill) Clinton and Obama, who would tell the people to "listen to THE SCIENCE" and "obey THE EXPERTS" and be believed. This might have worked 10 or 20 years ago, but people have gotten wise and communications are much better.

Enter Donald Trump and Joe Biden. Donald Trump broke the mold and TPTB are PISSED OFF. Trump doesn't believe the so-called experts, and the people know that he has no reason to. Now the American people represent everything they fear...a populace who doesn't believe the BS that they have been fed for the past century, who are well-armed, who are in numerous racial and ethnic factions, and who are looking for somebody to blame.

TPTB are hoping that Joe Biden and Kamala Harris will calm things down, while at the same time blaming Trump for "being divisive". Good luck with that. Wear a mask if you want to...just like THE SCIENCE and THE EXPERTS tell you to do.

Israel MacroMicro 19:05 GMT November 7, 2020
it's far from over.

habibi, ice cold water, relax!

Israel MacroMicro 19:04 GMT November 7, 2020
it's far from over.

CB

do you mind to spend a moment and share your opinion about soybeans for the coming weeks?
some expected trading levels are welcome.

tia

haifa ac 19:03 GMT November 7, 2020
it's far from over.

"distorting the ability to accept facts."
who determines the facts?
Inspector Clouseau???

https://www.youtube.com/watch?v=9KsVu11CSrQ

dc CB 18:56 GMT November 7, 2020
it's far from over.

ac
that is the problem, when one becomes infected with TDS(TrumpDerangementSyndrome). I am not defending anyone. I'm telling you all what's happening...dude.
It's funny the way the syndrome effects the mind, distorting the ability to accept facts.
The game is not over.
The last contested election, in 2000, Al Gore, a consumate politician, son of a politician, made the politically wise move.
He went on to become the worlds first Climate Change Billionaire.

Trump is already a billionaire, he's not a politician. He won't get a 2nd term, but he ain't gonna walk away without a fight.
This just started.

So get over it.

haifa ac 18:53 GMT November 7, 2020
it's far from over.

"Mask wearing is a personal choice."

WOW!!!!!! So is stopping at a red light.
You really do not understand this virus. Very sad.

Israel MacroMicro 18:52 GMT November 7, 2020
it's far from over.

the point is, were votes counted as fraud or not
the rest, ways and manners of Trump to express himself and we all know by now that integrity is not part of his DNA

disclosure: I wanted Trump to win the elections as he is less boring than Biden

Minneapolis DRS2 18:49 GMT November 7, 2020
it's far from over.

Such inflammatory language..."murdering the people by telling them not to wear a mask"? You must be pretty miserable to keep going on like that.

Mask wearing is a personal choice. Some choose to wear them, but many do not. (I do not wear one myself.)

My favorite targets for ridicule are those people who wear the masks with "I can't breathe" printed on them. Who came up with that stupid idea? It's like wearing a permanent dunce cap and being proud of it.

haifa ac 18:36 GMT November 7, 2020
Markets
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4 years ago (2016) when Trump won the presidency--the market had one its largest day in history.
Should be interesting to see tmw's reaction. I bet on a whimper.

haifa ac 18:27 GMT November 7, 2020
it's far from over.

CB, I respect you very much. But , for the life of me , I cannot understand how can you support such a mass murderer to keep leading the American people.
Nixon had to go for erasing 17 minutes of a lousy tape....
Should not a president who is murdering the people by telling them not to wear a mask--be disposed ASAP!?

Minneapolis DRS2 18:15 GMT November 7, 2020
president
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It is said by many that the mainstream media is the one who is actually leading the Democrat party, rather than the other way around.

In other words, while the Democrat party may have their ideology, they are prompted by the mainstream media for action.

It will be interesting to see how the public responds to the Biden "presidency". Clearly the media wants Trump to walk away in shame like Nixon.

I dearly hope that they do not get their wish. Biden and Harris may occupy the office, but I sure as hell do not consider him the president.

dc CB 17:46 GMT November 7, 2020
it's far from over.

The mainstream media has launched a coordinated effort to proclaim Joe Biden President-Elect.

President Trump and his campaign team have reminded Americans that "legal votes decide who is president, not the news media."

As Constitutional lawyer, Jenna Ellis explains: "Joe Biden is not the president-elect just because media declares him so."

Media coordinated efforts are attempting to simply declare Joe Biden the president and ignore the rule of law.

There is no official winner until every legal vote is counted accurately, the states certify results, and all legal challenges are resolved.

As a reminder, here are the official dates that matter (as opposed to what CNN et al. think).

December 8: States are expected to resolve controversies at least six days before the meeting of electors.

December 14: Electors meet in respective states to certify their votes for President and Vice President.

As Trump said earlier, "this election is far from over."

haifa ac 17:43 GMT November 7, 2020
Remember th acronym "OBM"

"stunning losses" are totally different from devastating losses.
Trump's error about the Corona and the lives of the American people was devastating!

dc CB 17:43 GMT November 7, 2020
it's far from over.
Reply   
Update (1100ET): Further down the 'Domminion Voting System' rabbit-hole, Politico reports that a technology glitch that halted voting in two Georgia counties on Tuesday morning was caused by a vendor uploading an update to their election machines the night before, a county election supervisor said.

Voters were unable to cast machine ballots for a couple of hours in Morgan and Spalding counties after the electronic devices crashed................................

As American Thinker's Andrea Widburg detailed earlier, when Kyle Becker heard about the “glitchy” computer program in Antrim County, Michigan, the one that tried to give 6,000 Trump votes to Biden, he starting doing research into the system. He ended up finding an amazing amount of highly disturbing information. The Dominion system has been known for some time to be defective, yet 28 states use it. This post is a compilation of Becker’s information, both in his own tweets and in one other person’s tweet, about what’s going on with that system:

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
most disturbing is the impunity with which Democrats are gaming the system. They’re not even trying to cover their tracks. They are 100% certain that there will be no consequences for their actions. They know that the media, which should be a watchdog on behalf of American citizens, is actually an arm of the Democrat party that will do everything necessary to cover for Democrat election crimes.

In 30 States, A Computer System Known To Be Defective Is Tallying Votes

Minneapolis DRS2 17:31 GMT November 7, 2020
Remember th acronym "OBM"

Show me a person who has never made a mistake, and I'll show you someone who has never done much in their life.

Donald Trump has made many mistakes. But he has gotten a lot of useful stuff done in his life.

Trading is the same way. Those who make the big bucks often take stunning losses. Just like Rocky, it's all a matter of getting back up again after you've been knocked down.

Israel MacroMicro 17:15 GMT November 7, 2020
Biden - president elect
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at least according to his twitter profile :)

haifa ac 16:45 GMT November 7, 2020
Remember th acronym "OBM"
Reply   
trump was basically a trader. He bought and sold, mostly properties but other deals too.
He made the fatal error--ONE BIG MISTAKE
in the lingo of trading it is called OVER LEVERAGE!

Nick Leeson, Robert Cox Merton ("I never thought of 99 standard deviations), Robert Prechter, Richard Dennis and his turtles.......many more examples
As they say
Bulls make money
bears make money
pigs get slaughtered.

Mtl JP 14:47 GMT November 7, 2020
Monday Amazing Trader 9 November 2020

Bloomberg
Irrational Gamblers Fooled Financial Markets on Election Night

Bloomberg 7th nov
Brexit Talks Continue But Johnson and EU Warn of Big Differences

Bloomberg
Ex-CFTC Chief Gensler and Banker Advising Biden on Wall Street

AT Trader john 12:28 GMT November 7, 2020
Monday Amazing Trader 9 November 2020
Reply   

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium
Fri 5 Nov 2020
A 13:30 US/CA- Employment

GVI Trading. Potential Price Risk Scale
AA: Major, A: High, B: Medium

Mon 9 Nov 2020
No Major Data
Tue 10 Nov 2020
A 0:00 GB- Employment
B 14:00 US- JOLTS
Wed 11 NOV 2020
CA/US Holiday
A 15:30 US- EIA Crude
Thu 12 NOV 20120
AA 08:00 UK- Trade
A 08:00 GB- Output, Trade, GDP
AA 13:30 US- CPI
A 13:30 US- Weekly Jobless
Fri 13 NOV 2020
A 13:30 US- PPI
> AA 15:00 US- Prelim Univ of Michigan

haifa ac 11:23 GMT November 7, 2020
this is good one...

That is foolish. Like saying that short distance runners are inferior to marathon runners,
These are two totally different types of traders. There are very few Warren Buffetts in the world. There are millions of day traders. In Israel we call them "cab drivers."
Linda Raschke is a genius day short term trader. It takes a special state of mind, humility, and some luck
Markets move between trend periods and trading range periods. In a strong trend--day traders will lose (Unless, of course , they scalp ONLY in the direction of the trend and give up the profits on the short corrections or retracements). In ranges--long term traders just sit and hold. Short term traders, even up to the weekly swings level, can make good money.
Any grand classifications and statements are false essentially.

Mtl JP 10:20 GMT November 7, 2020
this is good one...

this is good one ...
not all good but some good bits:

Why day trading is such an incredibly bad idea right now, and what you should be doing instead

While we wait for the inevitable crash, let’s review not only why day traders are doomed but also why most people shouldn’t trade, or even invest in, individual stocks. - Liz Weston

haifa ac 06:44 GMT November 7, 2020
TRUMP

Who is rich?
The very sagacious book Ethics of the Fathers says in chapter 4:



Ben Zoma would say: Who is wise? One who learns from every man. As is stated (Psalms 119:99): "From all my teachers I have grown wise, for Your testimonials are my meditation."

Who is strong? One who overpowers his inclinations. As is stated (Proverbs 16:32), "Better one who is slow to anger than one with might, one who rules his spirit than the captor of a city."

Who is rich? One who is happy with his lot. As is stated (Psalms 128:2): "If you eat of toil of your hands, fortunate are you, and good is to you"; "fortunate are you" in this world, "and good is to you" in the World to Come.

Madoff was rich for 30 years. Nick leeson for a few years. Buffett and Gates are very rich today. They have one thing in common. All of them could not eat more than two steaks a meal.

Minneapolis DRS2 01:07 GMT November 7, 2020
TRUMP

If you think about it, "own nothing but control everything" is the standard operating model for forex traders.

For US traders: Could you profitably operate at 1:1 leverage rather than 50:1? Imagine Elizabeth Warren making new financial regulations that mandate 1:1 leverage, "because the current leverage is so dangerous and unfair".

Also imagine the masses accepting everything she and her cohorts promote, without hesitation, because they believe in fairness and safety for everyone. Could you operate under such conditions?

Oh, and for US traders, there will be no running offshore to Australia or the Bahamas or anything like that. It's risky, therefore its outlawed.

If the Harris/Biden administration isn't neutered somehow, this is the future that awaits all of us (especially in retail trading). Come to think of it, the Warrens of the world could bring down the entire house of cards with regulations like that (if it ever came to pass). Be wary of envy and jealousy, for it can take you to awful places.

Mtl JP 00:04 GMT November 7, 2020
TRUMP

re to minimize their tax exposure: "own nothing, but control everything”
it is a quote.
and an old truism.

trump , if he indeed did pay some $750 in personal taxes, should be congratulated if not also envied.