Don't you just hate getting sick and having to go to doctor's office? Especially if it involves some kind of specialist? I messed up my back a week ago. First I had to go to a general practitioner in order to get referred to a specialist. It takes a week to set up an appointment. You go there at due time, only to find out that you have to wait additional hour or more because “the doctor is running late today”. Then they take you to this little room where you wait another half hour. When the asshole finally shows up, he gives you 10 minutes of attention, prescribes some pills and says “Come back in 2 weeks, if it doesn't get better we will set up some physical therapy for you”. Fucking great! One gets a feeling that you somehow intrude on his time and are a nuisance by showing up in his office. After getting home I tried to call a few other ones, but the story is basically the same- first available appointment is in some distant future. What a ripoff. People are joking about lawyers, what kind of scumbags they are. Well, doctors are not any better.
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I took very few trades last week. In part because of the FED decision, in part because I didn't feel very well, but mostly because I simply didn't see what I'm looking for. Price movement simply didn't paint the kind of set ups I'm looking for. The highlight of the week was these couple of trades in GBP-JPY.
While it might look good in this snapshot, it really wasn't. Positions were small, and the second trade was more a guess than any earthshaking analysis.
Times are very interesting though. EUR-USD is at all time high. Few years ago, when EUR reached parity with USD, I read something of pertinence here. It was a report by a Rabobank analyst for a middle eastern client. At that time the report predicted 1.4000 level and also stressed that would the highest level with which central banks would be comfortable. Hm, we'll see.
Personally I also think this is it, but these kind of multi year trends don't just die. Markets don't care what I think or do, so it's me who has to adjust to the markets, not the other way around. Wouldn't it be nice if markets did what we want?
Husar.
money