Faysal Amin
Mind Vision Traders
The Fed’s balance sheet is approaching $4.1 trillion, a hard number to wrap your head around.It’s a big number, even by Washington standards. It’s twice the government expenditures for all 50 states, equal to the net worth and other news Gold futures closed lower on Thursday at their lowest level in two weeks, with some upbeat U.S. economic data helping to dull the metal's safe-haven appeal. we still hope to see 1266 or even 1255 before any bounce in the Market oil we see another round of selling before breaking high and on Sp 500 1878 area make or breakfrom where some correction is possible.
Cheers
EURO Last (13826)
Strategy (SOS)
Day Trade
Short@13928 Stop@13947 Tgt 13806
Long @13742 stop@13718 tgt 13836
GOLD Last (1286)
strategy BOD till it break below 1252 Mid Term
Long@1255 stop@1248 target 1293 (New Parked position)
Day Trade Short
Short @1302.4 [email protected] Tgt 1273.9 (New parked order )
Long@ 1266 stop@1258 tgt 1283
Make or break for the other pairs
Sp 500 make or break 1841* and 1878 **
Oil Make or Break 10505 and on lower side target is 10166
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETIEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NOHYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTANL LOSSES OR TO ADHERE TO A PARTICULAR TRADINGPROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULT
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Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
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GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
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