If it’s “sell” on Yellen you’ll know for certain that the “machines that be” have most certainly flipped the switch from “buy” to “sell”.
I can assure you “anything” currently in play with respect to the big boys ( and I ) positioning for the “very near future” is already in full motion.
You have to appreciate how long it takes for Central Banks or other large institutional players to “put on” or “take off” positions SO LARGE, that it takes weeks “if not months” to slowly leg in as to not move price to quickly.
If you think “anyone” with an institutional influence is “sitting around waiting” for more clambering from The Fed this afternoon – you are sadly, sadly mistaken.
This move is well underway as seen via currency markets some weeks ago.
Yellen has absolutely “nothing” to do with what’s “already” going on.
Let retail take risk for a final “blip” higher ( as I would gladly welcome that ) as anything higher only represents better opportunity to get short.
We’re already in position. Check out the Members Area at: http://www.forexkong.net/getting-started-start-here/
Good luck to all, and watch out for that “bad weather”.
Lol that bad weather! Definitely the funniest reason for poor GDP, jobs numbers, etc I have ever heard.
Yep, absolutely. A fakeout above 1900 would be a blessing. Let’s get this ball rolling already.
This market’s so lethargic lately, I feel it’s barely budged in the last 2 months. This feels like that slow summer-time and winter lull, but even in those times you have “some movement”. I’m picking up a few pips “trading in and out” as I don’t mind sideways action (though even these “ranges” seem muted).
I’m sure my own frustration “waiting” is shared by many and I feel when we finally do “get the move” not that many people will be on board as they will have “cashed in their chips” for a few pips having been tired of waiting any longer. I’m “holding on tight” for the eventual turn, however long it takes.
PS. Loving the member’s service Kong.
Hey thanks David – lots of work but I feel it’s coming along.
I hope ( along with members continued input ) to really get things tuned up….and YES! talk about patience needed for this “never ending grind”.
We are very close now. Very, very close..but it IS frustrating. Very frustrating!