Discussion on Economy, Finance, Money, Investments etc

thumsup wrote:

amitinmumbai wrote:

If finance goes down btw consider whole of economy going down.
finance is backbone of any economy without it we cannot survive.

Very good point bro well yes that is correct what you say

What I mean to say is the financier type professions like investment banking, private equity, hedge fund, mutual fund sort of stuff will take a backseat which is all booming now … it won’t be totally dead banks will always be there.

Say something like how in Japan finance is dead since last twenty years although the manufacturing industry did well in this case they have no natural resources but their manufacturing industry did well because of exports.

About your point of socialist govt policies you’re right again and that’s one of my concerns, but prices will go up worldwide in agriculture there can’t be too much of a difference otherwise it will open up arbitrage opportunities and the gap will close.

I’m not a professor or anything but if you think it over carefully it appears we are headed that way.

I agree with your views completely. Jim Rogers had mentioned the same thing in 2008-09. I’m from a private equity background and can see the absolute nonsensical engineers + MBAs that are being churned by the day and go on to join finance. Essentially I feel there is a lot of oversupply and a financial meltdown anytime in the next decade will completely redefine the rules of the game.

Agri guys especially farmers have a great time ahead, no doubt.

http://www.desidime.com/forums/dost-and-dimes/t...

(sorry for picking a locked thread for quoting the context)

Anant wrote:

buddyisin wrote:

Anant wrote:

h4. Congratulations buddyisin . We are pleased to inform that your entire trip will be sponsored by DD . For more details please check your PM.

Writing this doesn’t suit a ‘Mod’. You represent a website here and not your individual self.
If you’d written that as a Non-Mod, I wouldn’t have bothered…

Problem is that I can’t create multiple ID like people do.

Just a few suggestion:

1. All mods should own there own id, as others, without the MOd tag.

2. All mods should have additional id as mod1, mod2, mod3 for doing the mod work.

3. its upto dd, whether to reveal or not, that who is who from Mods !

4. who done what as moderation, can be maintained in internal logs, it will avoid undue question, as one develop some feelings with Mods (+ve/-ve) and try to prolong the discussion, or make it issue
and quote it one-two months later. (of course it may apply to me too.)

5. Mod id/pw can be rotated daily/weekly, so that people should not guess, although they will sparingly and will post the comments in official language.
till now i find the bumblefoot very professional. also not seen the anthrax from a long time. Any change of the guards ?

Jackal wrote:


I agree with your views completely. Jim Rogers had mentioned the same thing in 2008-09. I’m from a private equity background and can see the absolute nonsensical engineers + MBAs that are being churned by the day and go on to join finance. Essentially I feel there is a lot of oversupply and a financial meltdown anytime in the next decade will completely redefine the rules of the game.

Agri guys especially farmers have a great time ahead, no doubt.

Wow .. coming from an equity guy that’s high praise well at least someone agrees with me, lets hope its just the both of us otherwise if too many people agree with us we me might just be wrong.

Actually to frankly admit i never took a finance class in my life, once in school i remember i did take an accounts class but that was because the computer teacher was absent and to keep us quiet they forced us to attend the accounts class. I’m a marine engineer i sailed for eight years I’ve seen the economies of so many countries first hand on the streets, countries many people wouldn’t even dream of visiting. I’ve see how it changed each time i went back and how life changed for the man on the street, the taxi drivers, the shopkeepers, the bartenders, small compnanies to especially the shipping agents.

Regarding Japan there’s no mistake in my understanding of that economy, I understand it better than India because my company was Japanese I had to visit several times a year for briefing, debriefing, the bosses were Japanese, the culture the customs, their way of life, the economy, politics even if i didn’t want to bother with it the Japoo colleagues would go on discussing it and how they were in shambles and who’s to balme, what happened etc so i automatically picked it up.

I agree with you finance is just crazy, to give you an example few days ago suddenly had to go out for dinner so was checking few places on burp website and saw this review of a real swanky place by a young woman (college girl type) her review made sense so i clicked to check her other reviews and i was pretty amazed to find she reviewed all the most expensive restaurants ( four seasons type), how she went their with her friends every weekend etc, so i was wondering wow where did she that kind of money, found her on linkedin and saw her profession investment banker when i checked her qualification it was Bcom from HR colege and some one year private college certificate course. When you find Bcoms out of college working as an IB (maybe she was just a junior analysts or whatever) you know you’re at most a few years away from a top.

Reminds me of a story i read where JFK’s father who was very wealthy and had all his money invested in the markets was getting his shoe polished and the shoe shine boys were discussing among themselves which stock to buy. when he heard this he sold out all his holdings and then just months later the markets crashed (crash of 1929)

In the shipping industry in the 80’s a second mate would earn a CEO’s salary, it was jsut crazy then sure enough there was a huge recession in shipping in the 1980’s it was before my time but I’ve heard eye witness accounts of how Captains (highest post) were reduced to driving autorikshaws.

Nothing really changes history just repeats itself. I worry for people who are rushhing into the markets thinking they’ll get rich, forecasting 50k on the sensex, buying real estate on big loans when prices are at all time highs over leveraging themselves, with dreams of tripling their money in 2-3 years, buying futures contracts without knowing what they’re doing, these people are going to get slaughtered … its going to be a massacre.

If this game was so easy to play we wouldn’t know Jhujhunwalla is rich or what rich is because everyone would be rich, guys like us with no inside info have to tread with caution

Barood bhai and Raj whatever you suggest, hopefully admin will change the topic to what you suggested, I would have done it myself but i don’t know how to.

request Parthji or Anantji to please change the topic of thread to what barood suggested < Discussion on Economy, Finance, Money, wealth etc. >

Hmm shipping, equity, banking….guys frm diffrnt professions…..gud.. ofcorse professionals kno more…
Bt jst one qus to Jackal bhai—- Do u suggest all this to clients as well….?? i dnt think…hw will they do business then…

@thumsup— arnt u able to edit thread….

Regarding gold being in a bubble, we can take a look at the chart in the below mentioned link

http://inflationdata.com/Inflation/images/chart…

It shows gold prices inflation adjusted in 2011 dollars, true we’re in 2013 but I don’t think the inflation adjusted numbers will change much besides the inflation numbers used are those released by the US Govt and totally erroneous in my opinion, true inflation is much higher but anyway

We can see that gold formed a bubble became overvalued and popped in 1980 at $850 dollars an ounce and in 2011 inflation adjusted dollars the 1980 peak of $850 is equivalent to $2337, we never even went near that number highest we reached was $1920 so how can gold be in bubble if its below its all time highs adjusted for inflation?

“The ideas of economists,” John Maynard Keynes famously wrote, “… are more powerful than is commonly understood. Indeed the world is ruled by little else.” He might have added that the ideas of economists can often be dangerous. Policies framed on the basis of the prevailing or dominant economic wisdom have often gone awry and the wisdom was later found to rest on shaky foundations.

A striking case in point is the debate on austerity in the Eurozone as an answer to rising public debt and faltering economic growth. One school has long argued that the way to reduce debt and raise the growth rate is through austerity, that is, steep cuts in public spending (and, in some cases, higher taxes). This school received a mighty boost from a paper published in 2010 by two economists, Carmen Reinhart and Kenneth Rogoff (RR). The paper is now at the centre of a roaring controversy amongst economists.

The RR paper showed that there is a correlation between an economy’s debt to GDP ratio. As the ratio rises from one range to another, growth falls. Once the debt to GDP ratio rises beyond 90 per cent, growth falls sharply to -0.1 per cent. For some economists and also for policymakers in the Eurozone, this last finding provided an ‘aha’ moment.

Cuts in spending

Since public debt was clearly identified as the culprit, it needed to be brought down through cuts in spending. The IMF pushed this line in the bail-out packages it worked out for Greece and Portugal among others. The U.K. chose to become an exemplar of austerity of its own accord.

It now turns out that there was a computational error in the RR paper. Three economists at the University of Massachusetts at Amherst have produced a paper that shows that the effect of rising public debt is nowhere as drastic as RR made it out to be. At a debt to GDP ratio of 90 per cent, growth declines from an average of 3.2 per cent to 2.2 per cent, not from 2.8 per cent to -0.1 per cent, as RR had contended.

You could say that even the revised estimates show that growth does fall with rising GDP. However, as many commentators have pointed out, correlation is not causation. We cannot conclude from the data that high debt to GDP ratios are the cause of low growth. It could well be the other way round, namely, that low growth results in a high debt to GDP ratio.

There is a broad range of experience that suggests that high debt to GDP ratios are often self-correcting. Both the U.S. and the U.K. emerged from the Second World War with high debt to GDP ratios. These ratios fell as growth accelerated in the post-war years. India’s own debt to GDP ratio kept rising through the second half of the 1990s and the early noughties. As growth accelerated on the back of a global boom, the ratio fell sharply. The decline in the ratio did not happen because of expenditure compression, which the international agencies and some of our own economists had long urged.

Needed, rethink

The controversy over the RR paper should prompt serious rethinking on austerity in the Eurozone. Many economists have long argued that the sort of austerity that has been imposed on some of the Eurozone economies or that the U.K. has chosen to practise cannot deliver higher growth in the near future. It only condemns the people of those economies to a long period of pain.

The IMF itself has undergone a major conversion on this issue and is now pressing the U.K. to change course on austerity. Its chief economist, Olivier Blanchard, went so far as to warn that the U.K. Chancellor, George Osborne, was “playing with fire.” The IMF’s conversion came about late last year when it acknowledged that its own estimates of a crucial variable, the fiscal multiplier, had been incorrect. In its World Economic Outlook report published last October, the IMF included a box on the fiscal multiplier, which is the impact on output of a cut or increase in public spending (or an increase or reduction in taxes). The smaller the multiplier, the less costly, in terms of lost output, is fiscal consolidation. The IMF had earlier assumed a multiplier for 28 advanced economies of around 0.5. This would mean that for any cut in public spending of X, the impact on output would be less than X, so the debt to GDP ratio would fall.

Revised estimate

The IMF now disclosed that, since the sub-prime crisis, the fiscal multipliers had been higher — in the range of 0.9 to 1.7. The revised estimate for the multiplier meant that fiscal consolidation would cause the debt to GDP ratio to rise — exactly the opposite of what policymakers in the Eurozone had blithely assumed. The people of Eurozone economies that have seen GDP shrink and unemployment soar are unlikely to be amused by the belated dawning of wisdom at the IMF.

This is not the first time the IMF has made a volte face on an important matter of economic policy. Before the East Asian crisis and for several years thereafter, the IMF was a strong votary of free flows of capital. During the East Asian crisis, many economists had pointed out that the case for free flows of capital position lacked a strong economic foundation, unlike the case for free trade. This did not prevent the IMF from peddling its prescription to the developing world. India and China refused to go along.

In 2010, the IMF discarded its hostility to capital controls. It said that countries would be justified in responding to temporary surges in capital flows. A year later, it took the position that countries would be justified in responding to capital surges of a permanent nature as well. Last December, it came out with a paper that declared that there was “no presumption that full liberalisation is an appropriate goal for all countries at all times.” The IMF’s realisation was a little late in the day for the East Asian economies and others whose banking systems have been disrupted by volatile capital flows.

Capital account convertibility is one instance of a fad in policy catching on even when it lacked a strong economic foundation. Another is privatisation, for which Margaret Thatcher has been eulogised in recent weeks. Thatcher’s leap into privatisation in the U.K. was driven by her conviction that the state needed to be pushed back. After privatisation became something of a wave, economists sought to find theoretical and empirical grounds for it and initially came out overwhelmingly in favour.

Graduated approach

It took major mishaps in privatisation in places such as Russia and Eastern Europe for the conclusions to become rather more nuanced. Privatisation works in some countries, in some industries, and under conditions in which law and order, financial markets and corporate governance are sound. Moreover, partial privatisation — or what is called disinvestment — can be as effective as full privatisation. As in the case of capital account convertibility, India’s graduated approach to liberalisation has been vindicated. It is, perhaps, no coincidence that the fastest growing economies in the world until recently, China and India, did not embrace the conventional wisdom on privatisation.

Other fads have fallen by the wayside or are seen as less than infallible since the sub-prime crisis, and these relate to the financial sector. ‘Principles-based’ regulation is superior to ‘rule-based’ regulation. The central bank must confine itself to monetary policy and regulatory powers must be vested in a separate authority. Monetary policy must focus on inflation alone and must not worry about asset bubbles and financial stability. One can add to this list.

What lessons for policymaking can we derive from the changes in fashion amongst economists? Certainly, one is that politicians and policymakers must beware the nostrums of economists, and they must not fall for the economic fad of the day. Economic policies must always be subject to democratic processes and be responsive to the aspirations of people. Broad acceptability in the electorate must be the touchstone of economic policies. Another important lesson is that gradualism is preferable to ‘big bang’ reforms.

India’s attempts at liberalisation, one would venture to suggest, have conformed to these principles better than many attempted elsewhere. Such an approach can mean frustrating delays in decision-making and the results may be slow in coming. However, social turbulence is avoided, as are nasty surprises, in economic outcomes. At the end of the day, economic performance turns out to be more enduring.

(The author is a professor at IIM Ahmedabad; [email protected]…in)

New initiative by a group of Japanese girls to push the nikkei higher, their promise being the higher the nikkei goes the short the skirts they wear. “abenomics”

http://edition.cnn.com/2013/04/23/business/japa…

Hahahaha good luck with that ….

Even if they dance nude they can’t can save Japan, with the new unprecedented aggressive policy of the BOJ to increase the money supply from 130 trillion yen to 270 trillion yen by end of 2014 the debt is projected to reach 270% by this year end !

Last time they tried this was 2000 to 2005 and the monetary base increased from 63 trillion yen to 112 trillion yen and that didn’t do them much good.

Hopeless situation imho

@thumsup—- did u read anti austerity article above…
keynes every1 embracing nw…

rajdesidime wrote:

@thumsup—- did u read anti austerity article above…
keynes every1 embracing nw…

Yes i did read it, very interesting regarding the error in the 90% debt to GDP ratio consequence of growth droppping to 2.8% instead of -0.1%.

You are correct it seems all the Govts are embracing Keynesian QE theory, US, even UK had 245 billion pounds of QE these last 4 years, now Japan with pm Abe’s super aggressive QE policy and now even the EU after resisting and being adverse to QE are now begining to consider it because of the civil unrest austerity is causing in the PIGS

Personally I don’t think it will work, that’s why I’m ultra bullish on asia as compared to EU or US or Japan. In my other thread I identified sing, China, Taiwan, S Korea, as the countries with the best future economic prospects and now I’m even more convinced its going to be the case.

See I can understand in democracies Govts. will tend to go with QE after all if they go the austerity way the people will be angry and rightly so because the people are not completely responsible for the problems, in many cases its the regulators who failed and the govts misdirected policies and of course partly the banking sectors fault as well.

Just because they are collectively doing it doesn’t mean they are correct, i know they’re much more qualified than you or me but that still doesn’t mean they are correct. For example look at communism. The basic tenant as proposed by Karl Marx a very educated intellectual type and supported by all kinds of intellectuals/thinkers etc … but it eventually failed, it was doomed from day one because the overlooked a fundamental flaw by assuming human nature will permit those who work harder than others to have the same prosperity than those who don’t.

All the intellectuals, thinkers, political scientists were wrong., and wasted years and huge resources and lives in trying this flawed policy but in the end it came apart

If we see historically Scandinavia in the early 90’s, South Korea in the late 90’s, and lately Iceland all hand the same problems went bankrupt and went the austerity way, we know it worked coz Scandinavia and S. Korea are booming and it seems Iceland has also recovered quite a bit. Japan on the other hand has gone the Keneysian way and tried it for 22 long years and the net result is almost zero, Qe is just a temporary fix.

I can’t see how its possible to bail out and print your way to prosperity, those who have messed up there business and are clearly incompetent i can’t understand how it makes sense to take tax payer money bail them out and tell them continue screwing up, and at the same time punish people who were judicious & didn’t take reckless risks by giving them zero bank interest rate. Everything in life will surely have its consequence.

So I have to go with what my personal analysis tells me, i can’t agree that QE works just because they are doing it, I can’t see any evidence of how this venture is not going to end in tears and shattered dreams in USa and Japan, about UK I don’t know have to study and analyze the situation more so won’t comment but US and Japan will probably default at some stage in the immediate future.

I know it sounds crazy but lets just wait and see what happens.

yes Korea has great future….its rather diffrent than pure austerity…wat they do is unlike rest of the world supporting loss making ventures they allow them to die peacefully…it has wrkd for them…nxt ventures r much more efficient…

Japan & Germans these 2 can never c doom…they r most resilient humans …everytime aftermath disaster thay hav cum up again & again…

US— nw most profitable sector all over is service…& coz US being innovation engine of world , worlds best minds r wrking over there…so world can keep seeing new things coming out of them….so i m big fan of US…

Communism though i agree wit ur reason wsnt total failure bt people started comparing wit capitalism which was better in terms of faster growth…bt its huge adv was slower & steady growth…wit capitalism cyclical recession/depression are inherent in its basic structure…..unfortunatly no long time study avl for communism…as no model capitalism state existing…bt we can c their plus points on socialist policies being embraced by almost all economies… Cuba we can see as prime eg…they hav wondrfull medical facilities….many US citizens & latin americans come over for treatment over there…
Ofcorse N-korea is diffrnt cast alltogethr…

Today it seems Spain has touched record unemployment as per govt figures 27.2% unemployed same as Greece 27.2% unemployed, quarter of the population unemployed. Lets c what happens going forward. In any case I don’t see any recovery neither in EU nor in US nor in Japan. Actually EU is in better condition than USA or Japan, if they kick out the PIIGS things would get better.

edit: In any case how can it be that economy is recovering when unemployment is increasing

thumsup wrote:

Today it seems Spain has touched record unemployment as per govt figures 27.2% unemployed same as Greece 27.2% unemployed, quarter of the population unemployed. Lets c what happens going forward. In any case I don’t see any recovery neither in EU nor in US nor in Japan. Actually EU is in better condition than USA or Japan, if they kick out the PIIGS things would get better.

most countries in trouble wouls hav been happier outside EU… greece citizens hav been demanding it…it would atlest provide them sovereignty to print more currency & offer bonds( ofcorse this when they started facing prob after full blown crisis they would hav to offer vry high interest rates)…here they hav lost their sovereignty…
Also if global economy on whole improves greece is to gain coz of arnd 15% of global shipping ownership…they would be hoping for faster increase in baltic dry index…

rajdesidime wrote:

thumsup wrote:

Today it seems Spain has touched record unemployment as per govt figures 27.2% unemployed same as Greece 27.2% unemployed, quarter of the population unemployed. Lets c what happens going forward. In any case I don’t see any recovery neither in EU nor in US nor in Japan. Actually EU is in better condition than USA or Japan, if they kick out the PIIGS things would get better.

most countries in trouble wouls hav been happier outside EU… greece citizens hav been demanding it…it would atlest provide them sovereignty to print more currency & offer bonds( ofcorse this when they started facing prob after full blown crisis they would hav to offer vry high interest rates)…here they hav lost their sovereignty…
Also if global economy on whole improves greece is to gain coz of arnd 15% of global shipping ownership…they would be hoping for faster increase in baltic dry index…

Yes I agree most countries in trouble would have been happier outside EU as well as some countries not in trouble like Germany would have been happier outside EU as well.

Greece whether they used their own currency drachma or not i don’t think it makes any difference they would still go bankrupt, only if they still used drachma they could delay the inevitable for a while.

yes Germans nw r shying away for further bailing out others…rightly too why should they…bt still EUROZONE is a great idea & should remain afloat…nw they r negotiation on common bank & norms..

Seems like the Cyprus bank raid recently was just an experiment, news reports are they’re planning something similar in Spain. Sounds logical to me. If they’ve done it in Cyprus and do it in Spain, this could spread to other PIIGS.

thumsup wrote:

Seems like the Cyprus bank raid recently was just an experiment, news reports are they’re planning something similar in Spain. Sounds logical to me. If they’ve done it in Cyprus and do it in Spain, this could spread to other PIIGS.

yes they r…bt it will be difficult coz it was much easier to implement in cyprus coz of russian money..here i guess nt much of black money..

Korea, Spain, Germany, Cyprus ,, we are on world tour ?

@B@R_0_0_D wrote:@

Korea, Spain, Germany, Cyprus ,, we are on world tour ?

all economies r one, ones gain is at others loss…after all world investment = world savings…
…& its BANKERS who r moving money frm one to another….

Can any dimer please tell me how to upload a picture here like how many of the fpd dimers do in the deals section?

thumsup wrote:

Can any dimer please tell me how to upload a picture here like how many of the fpd dimers do in the deals section?

Go Through This Link :- http://www.desidime.com/forums/dost-and-dimes/t…

Utsav wrote:

thumsup wrote:

Can any dimer please tell me how to upload a picture here like how many of the fpd dimers do in the deals section?

Go Through This Link :- http://www.desidime.com/forums/dost-and-dimes/t…

Thx Utsav bhai, do you if dd has its own image server or do we absolutely have to use third part image server like tinypic?

thumsup wrote:

Utsav wrote:

thumsup wrote:

Can any dimer please tell me how to upload a picture here like how many of the fpd dimers do in the deals section?

Go Through This Link :- http://www.desidime.com/forums/dost-and-dimes/t...

Thx Utsav bhai, do you if dd has its own image server or do we absolutely have to use third part image server like tinypic?

U Have To Use A Third Party Image Server….Like Tinypic Or Imgur…

Utsav wrote:

thumsup wrote:

Can any dimer please tell me how to upload a picture here like how many of the fpd dimers do in the deals section?

Go Through This Link :- http://www.desidime.com/forums/dost-and-dimes/t…

i tried it doing my earlier dys never succeded…which option to paste here after selecting..

rajdesidime wrote:

i tried it doing my earlier dys never succeded…which option to paste here after selecting..

HTML link bro…

neoman wrote:

rajdesidime wrote:

i tried it doing my earlier dys never succeded…which option to paste here after selecting..

HTML link bro…

ok thx..

Trade Opportunity
=====

I think the nikkei could correct soon its already moved up 40% and everyone is cheering Japan on and talking about the success of “Abeonomics” there are so many upbeat people on Japan practically no one thinks its going to fail, Japanese girls are dancing in mini-skirts on the streets and soon plan to dance nude. But when i looked at it technically i don’t think its the right time, the contracts aren’t built up correctly and neither do technicals give a sell signal but we are getting there so I will wait.

Coming to the Yen everyone is short the yen, all the hedge funds/pension funds/mutual funds, the BOJ is busy easing 85Billion a month, so far the fund managers have been right since late 2012 and earned money on the trade, the CNBC analysts think the yen could slide much further, the BOJ continues its purchasing program weakening the end. So I think it may be a good opportunity to go long by taking the other side of these people. However we cant just blindly do the opposite of the majority if we did that we’d go broke in no time we need to take the trade only when we have a reason it will reverse. I took a look at techinicals & the appear to be in agreement.

go to http://futures.tradingchart…m/ and analyze the way the contracts are building up, large specs are extremely short while the commercials are heavily long, they’ve been net long since nov 2012 but the yen continued to drop so they’ve been wrong for several months, but we’re at 100 now on the yen, in my experience 100 is a psychological barrier generally acts as a reversal point for a correction against the trend. I have a lot of fundamental reasons I can’t mention because of space but point is the technicals appear to indicate the time is right. The contracts are built up correctly, the TA indicate a reversal and so do the levels.

I could buy the CME Globex 6J contract but in this case I’ve decided to go the FOREX way by shorting the Aud/Jpy, and three’s a reason for that. My reason being by going short AJ essentially means I’m long the Jpy which i expect to strengthen while I’m short the Aud which I expect to weaken. The Aud is considered a commodity currency and follows gold which is quite weak now and in my analysis will stay weak for a while so its a higher probability trade.

This trade is against the bank of Japan so please those who are not accustomed to this please just try to understand the logic and lets c how it plays out.

hope interested dimers can understand the reasons but i will try to post charts later if possible to better illustrate but i can’t figure out how to.

Well it seems only two things are possible, either everyone has understood the current trade opportunity (I hope ) or no one has understood the trade opportunity (which I hope is not the case ) but even if it is perhaps its my english which is not so good but anyway will make one last attempt to explain further with illustrative charts

The below chart is the latest COT report released by the CFTC it is deferred by two days but that doesn’t matter. What the content shows us is that although the yen is falling (getting weaker) the commercials (superpowers of the trading world) are actually net long and have been increasing their positions while the non commercials (hedge funds/large speculators) are bet short and have been increasing their short positions.

Just in case anyone doesn’t know but in the markets +most imp rule to follow is +

“he who has the most money always wins”

lets just call this “thumpsups first rule” please note i said the most money not the most people this is a very imp distinction you can use any method you like to follow it, hopefully the chart below illustrates this but fundamentals tells us what to buy not when to buy, for when to buy we can use technicals

Technicals most people use in different ways so I’m just posting a screenshot of the trade, this is short position on the Aud/Jpy contract (reasons discussed in the previous post.

Trade is already in profit but its too early to move the stop loss to Break Even these trades fluctuate a lot so we need to give it room to do so otherwise we will be stopped out. Hence enter with a suitable position size which is smaller than usual. if the trade goes our way we take profits and move the stop loss if it doesn’t (which happens a lot by the way) we get stopped out for a loss.

Think that should explain it and we can move on

image resize karne mein aur upload karne mein jaan nikal gaya phewwwww…..:cry:

Well US govt released their recent GDP nos. came out at 2.5% imho this is doubtful, and their latest inflation number is just 1.2% which imho is absolutely impossible. Need to check up what factors they consider when they calculate these numbers. Anwyay they conveniently revise the inflation number just like our Indian govt does for eg Indian Govt declared jan inflation at 6ish% and then just last week revised it to 7ish%

So doesn’t really mean much, personally I don’t see any recovery what I do see is a cover up with all these fake numbers. US infaltion at just 1.2% lol can’t believe any thinking living person would actually believe that.

Also i read somewhere in this forum (I forgot where) that the US govt. plans to end its stimulus program by year end? I can’t believe that either, if they do it will all fall apart like a house of cards …. they know that too.

Just want to tell dimers don’t be fooled its all smoke and mirrors there’s no recovery in the US infact Europe is actually in better shape than the US