Ammeo

SL move to 98.3 (to avoid sudden drop).... I still can re enter... TP set to 99.5.. (Valid until NFP day)...

USD/JPY---> U/J I expect to go lower before it goes higher. E/U I expect to go higher before it goes lower. It could however spike lower tomorrow before reversing higher before going lower. As always there are infinite possibilities on lower time frames, but even many possibilities on higher time frames. Of the two, E/U is very clearly on the rack, having suffered a violent reversal and not recovered any of it. U/J has gone nowhere for a while whilst equities grind relentlessly higher. That's a divergence in my book worth paying attention to. But I have no crystal ball. It's just a best guess, and that is all any of us has. Bias can change at any time.

1- If they believe that US economy is too strong and they are all set to taper, they might yet not do it, as Ben is about to retire and he wont risk to taper as a wrong decision taken today will spoil his all efforts he did in the past. 2- As Ben is about the retire, FED will have to reaffirm their views with the new FED chairman Yellen, which might take some time, specially when Yellen is more supportive when it comes to QE's. 3- US shut down might have caused a massive effect on US economy. They might have to wait and watch next 2-3 months atleast before taking a decision. 4- Recent US data are once again turning red with Non-Farm and other unemployment data getting worst. There are other several reasons why they wont taper sooner. Well, my views regarding the QE taper is just opposite to others. FED might be keeping an eye on the data to be released in the next 2-3 months and if they once again start turning south, which I believe might be, QE should be out of the table and they will start thinking about more QE's. There are all chances that US can double dip into recession, specially if the next Debt ceiling decision causes another shutdown....

and what was the lot side for the trades?

EUR/USD---->1.41 or 1.39 are also possible, but my target is 1.4210. After that I am out....

But for the near short term it should fall more, possibly until mid of next week until ~1280 or so, after that it should bounce like nuts...

Gold will be back to that $1800 level once again, if not now then maybe in 5 years as its only possible long term trajectory is upward..

China's pollution bubble is going to burst first more than its economic bubble..

we could experience a zone of consolidation here before the next decisive break. I would say if it stays in the 1350 range it should attempt to break north, likewise beginning to slip below we may test 1333 area in the immediate sense.

expecting a retrace to 6076 max, then we might see a drop down 5980. should it be more, next target would be 5895..

Market has been spooked by RBA jawboning. everyone calling for shorts again. Im hearing option expiry of $1 Billion at .9500 later today

As long as Icahn is having a big stake in it, its most probably a buy....im much much sure that $600 mark is going to be broken soon in it..

Technically speaking, I see a good resistance @1351 with divergence on MACD and almost RSI I think selling @1341 with SL@1360 and TP @1310 is fair for this chart Breaking 1351 buy chance with a SL@1330 Tp@1400......

and what on time frame it works, does it work on a daily or weekly chart? and btw thanks for the info....

I like to play it safe, will only long this pair if it is supported by 9530 with a candle close. If this level is broken, then might consider small shorts to 94 levels.........

Taking the move from 105 in mths i do see the current up move from 80-100 is sure lot without form of corrections.... but at same time, look at the retracement of tthe downmoves from there on and on all way till below 80 since start 01082008.... given current pricing 96-97 area, in my view it seems sweet for a short.... but on note, i am seeing the cake at 104.45 for a sweeter short, casting retracement towards south or reversal.... 104.45 which is just below 105 seems sweeter and much convincing in terms for the sellers to start loading retracement/reversal....

euro looks ready to go parabolic, feels a lot like March/April 2011, extension into exhaustion -> monthly candle to stretch maintaining >1.38 very bullish imo - ascending triangle sort of scenario needs a catalyst however, German Ifo Business Climate tomorrow may provide the fuel alternatively slow grind lower possible, short potential is limited..............

Heard about Billionaire Indicator for the first time, any special features in it?

Used to be bt not now, i am much calmer on trading now and give it less time than before...

Personally i have the same analysis, however im more concern over the time line. The Feds tapering is not a concluded matter. Basically, they could start tapering as early as November just to see how markets are going to react to it ! Then, they take it from there .. Do you really think , anyone will talk about tapering , while a second government shut down & debt ceiling as early as Feb 2014 ? The bond markets will be a sell off. In Euro's defense, it wasn't a honey moon month also. Italy's government was on the brink of a crisis , Greece about to ask for the third bail out tranch, there is no elected government yet in Germany and exposure to Syrian - new Iraq reality. However, all in all he Euro is in better shape than one year ago. So i see your point there ! In my opinion, now is the time for a Rate cut - not an LTRO ... why Dragni is holding on? I have no idea, are they expecting Euro to reach higher? Is it German opposition? Or growing feeling that Europe is recovering and no need for extra measure. So, in 6 Months from now its more than possible...........

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Thats a nice setup for a technical traders. I dont use stops though in my position trading on long side...My only stops are when im short...

From a pure sentiment perspective I dont rly see how the USD negativity can get anymore bad than it has been the past two weeks with the shutdown and the Yellen nomination. On the other side EUR and GPB sentiment has been very good based on inflows into European equities and good Eurozone and UK sentiment indicators. From this point on its back to data dependent tapering. Going into a two week space now where there is likely to be a massive backlog of data released, headlined by two NFPs from periods of time where claims have been very low. End the gov't shutdown, raise the debt ceiling, one or two 200k+ NFPs, return to taper talk puts more pressure on Draghi to increase LTRO/rate cut rhetoric... EUR seems fundamentally more likely to fall...

Nice one, worth reading.. But the topic of the post is obvious ,Nasdaq has already made a new all time high..its currently at a position like never before and will even go further..BTW Billionaire Investor George Soros has made a $1.25 Billion put bet for US financial collapse, i'll be interesting if he's right or wrong.. Here's the link.... http://thedailydrudgereport.com/2013/10/16/mainstream-mixup/the-debt-ceiling-is-hours-away-u-s-one-year-cds-hit-75-bp-highest-since-july-2011-george-soros-bets-1-25-billion-on-put-option-for-us-financial-collapse/

It may work for a while but it may not work forever....as far as i know there is hardly anyone who became a Billionaire gathering pips only... I has potential but until fully tested who knows how it will turn out..