Fed Rate Fireworks

One day more.

I can almost smell it. The marketers are getting jittery. Excitement, anticipation. Fear.

Will this be the new era of above-zero interest rates, and how will the global economy take it?

Well, everyone and their grandma are expecting a fed rate hike this December, but the only important thing to us forex traders is:

How’s the market going to react?

If you’ve already positioned yourself, you’ve calculated your risks and rewards, and it’s now just sit and watch for you, then you’ve absolutely nothing to worry about because whatever the outcome, you’re prepared.

And if you’ve chosen to sit on the sideline? Then hey, you know the saying – Sometimes it’s better to sit out than be in a trade.

My Ag/USD trade has started hovering off the ground, so it’s sit on my hands and basically watching it’s trajectory from here on.

As for my risk-on currencies, I expect a rise but perhaps nothing overly dramatic.

These are interesting, unprecedented times for forex traders. So whether you profit or lose from your trades this month (week), you’re almost certain to receive an invaluable experience from the market.

A period most people have never experienced before, much less trade through with the heart of a lion.

usd-jpy-triple-top

USD/JPY – Triple Top into Death Spiral?

If you’re looking to get short in USD/JPY, the signs are flashing brighter and brighter.

Because with a previous large double top, and right now with a retracement into a smaller triple top, this pair looks set for a major reversal back towards 100-110 over the mid to long term.

Could it rise in the short term?

Sure, anything’s possible.

In fact, if you haven’t gotten in on the trade at this point, and you’re looking to go short, it might be wiser to wait for a pullback back into the 122 – 124 range. Plus, this week is fed rate decision week, so expect some fireworks both ways.

You know what this means, don’t you? Yep, it means a lot of people will enjoy soaring profits this week, and probably even more will be losing their shirts (and pants).

I’ve already “set the stage” with my trades across many currencies including AUD, NZD, NOK, etc., and most of all, Silver.

So protect yourself, be on the right side of the trade, and December could present you with one heck of a X’mas present.

Silver Price – Does The Meteoric Rise Begin Here?

Where does the silver price go from here?

Who knows.

For silver stackers, the wait for a bull run has been long and arduous, and literally YEARS in the making. From a record high of $49 to the current $13 handle. At this point, I wouldn’t even be surprised if most traders have sold their stash, paper or physical. It’s been nothing but a depression.

But, what’s next? Can you imagine the price dropping further, below $10, towards zero?

Not me.

In fact, I’d argue that silver at $13+ right now is a STEAL. A trade of a lifetime. A godsend for those wanting to long silver. A ridiculously mind-blowing opportunity you may never ever encounter in the next few decades.

lol OK, enough.

Do what you must.