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New "Stolper" Is Out, Says To Go Bullish EURUSD, With 1.29 Stop
The one we have all been waiting for. Stolper about to be 9 out of 9 with a 0.000 hit rate.
The latest Eurozone PMIs have been better than expected and are now consistent with slightly positive growth.
At the same time, Eurozone policymakers continue to make gradual progress on the ESM and Fiscal Compact Treaties. Finally, the Fed has surprised markets with a more long-dated interest rate guidance than expected. In particular the Fed now expects "exceptionally low levels for the federal funds rate at least through late 2014," which is at the margin more dovish than anticipated by the market. All these factors suggest that EUR/$ could continue to rally in the near future and the Dollar could weaken more broadly, in line with our long-held underlying view and forecasts.
Some risks persist, though. The main source of Eurozone uncertainty at the moment remains the Greek PSI negotiation and potential contagion. However, the range of debated NPV reduction is relatively narrow, suggesting an agreement is not that far away. On balance, we therefore think the positive PMI and Fed surprises outweigh the remaining PSI-related concerns.
Overall, near-term downside risks for EUR/$ – though of course they remain – appear to have been reduced. We expect further gains in EUR/$ from current levels, in line with our constructive 3-, 6-, and 12-month forecasts. We would go long EUR/$ with a stop on a close below 1.29 for an initial target of 1.38.
Time to short EURUSD at 1.3093
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How anyone does business with GS is beyond me. They're better off taking investment advice from the e-Trade baby.
This guy is pouring himself a delicious glass of cyanide kool-aid. Mmmm mmmmmm gooooood!
Anyone who uses a stop on a fiat trade is a lunatic in this environment. You want protection, use a limit. You want to maintain or build a position, leave it open. Stops are worthless with this much volatility.
Just entered an EUR/USD short. Thanks pal!
trading without stops.... hmmm. money managment/ risk controll together with risk/reward considerations are 90% of a traders success
be careful just saying. but i take your comment as a sarcastic market commentary
Huh? No. With volatility this high who would think a stop could work to protect a position. You want to protect, use a limit.
Either be ready to build a position or limit loss. You stop, and it runs through, you are screwed. Stops will not help in the up coming environment, mark my words. You are about to see $100 swings in gold daily. The EUR/USD trade will make your head spin. It's coming....
your stop should be based on volatility and support/resistance considerations of course. and of course you need a limit/target else you cant calculate you risk reward. but i guess we have different trading style. but use whatever works for you just saying most traders screw it up without stops because leverage is a bitch.
never risk more than 1% of your equity on a trade. keep your drawdowns small( if you loose 50% you must make 100% to get to breakeven, if you loose just 10% you are at breakeven with approximatly11% win) so CUT YOUR LOSSES SHORT and let your profits run
I'd look at $1.26 and then take the gain. SHould be about a month before the trend reverses. WHen it does the DXY will go to 66 in a span of weeks.
I couldn't agree more sir!
Does this clown ever mention his multitudinous misses?
does this mean that goldmans prop trading desks have hit ratio of 100%. another perfect trading quarter... hmm would say thats impossible without some nice insider info in trading.
probably blankfein sucking Bens dick after his fabolous speach
lol just joking they are of course sophisticated investors who rely on their own research and hard work and not insider info
have we ever stopped to think he is sending somebody else this info...it is to obvious to be this wrong and to be so right...every time...plus his name...stole r....or stop er...come on lets tighten up the tin foil, gentlemen...and ladies...
In German Stolper(n) means stumble.
I guess he didn't hear about Portugal
Or Spain.
I have a question. If a €10 trillion LTRO is needed to put up a firewall for a Greek default, what is the total amount needed for an LTRO to safeguard against a default of Portugal, Spain...Italy?
I believe that number will be measured in troy ounces
Or scientific notation, take yer pick.
Even a broken clock is right twice a day.
the comment that made this article worth reading. ty.
How do these people get hired.
'How do they get hired'..?? Surely the bigger question is 'How do they even put their fucking pants on in the morning??!!
'Time to short EURUSD at 1.3093'
But Bernanke is still talking? Bernanke or Stolper.
Do the headless boogie - https://www.youtube.com/watch?v=MwaJ6F4H5pw
I'd love to see a picture of this guy. I bet he's really Dave Chappelle.
This is doo doo baby
http://www.youtube.com/watch?v=sh7B7s3-pGs
http://theimperatore.blogspot.com
Nothing like a strong euro to really deflate Europe. This guy has his head buried in Japanese sand.
Actually this will be his first hit, it think. This is rigged business anyway so we have to go up with Euro for some time. Are we allies or not in fighting our enemies?
I agree. I think his BA is going to .110 here.
Simply because of the short interest chart Tyler keeps posting.
At least Silver should enjoy an up Euro.
.111
Good call bitch.
Yeah, how can Tyler have it both ways, ie Gold going up (risk-on) and Euro going down (anti-Stolper / risk off)?
At least until the risk on/off vs gold paradigm changes to gold being risk off along with or vs. the US$.
I think there have been short periods were gold & USD have moved up together - eg just after new year. But not many (so far?).
Maybe the recent sell-offs have started to change the paradigm by shifting gold into the hands of longer-term holders.
Leverage 500 to 1. $$$
Hey, where are MillionDollarBonus and RoboTrader? Shouldn't they be spouting on and on about how we ought to be listening to and following investment professionals?
i don't see why the euro couldn't go up here if they are pumping things enough....the euro/gold/silver are all "risk on" and benefit from printing and supportive policies...
This latest Stolper call will be correct, unfortunately.
The Euro at 1.38?
I'm buying before it's too late!
I think while I'm at it
I'll gather some bat shit
And use it as Goldmanite bait
I'm starting to feel sorry for this guy.
http://vegasxau.blogspot.com
And short interest on Euro is still incredibly high. The 1.27 shorts who covered and were looking to short higher are probably shitting themselves post-fed. Especially after Bernank just officially laid the groundwork for qe3 during his press conference
yep.
Where do you go with this one? My first instinct is to go long the dollar, but with Zirp to 2014 and beyond it looks like the only trade that works is gold silver ,and lead.
long USD when Ben is starts the printing press.....
i would rather short USD but gold silver are a good guess at least in my humble opinion
And if you're nervous about EUR/USD, EUR/JPY could be a great way to play it...
i don't understand why every1 is bashing this guy? He works for GS , he is goldmanite...
He has to bring profit to his firm, not to his clients. GS constatnly shows profit regardless of what he says, in other words when his clients are following him GS is raping us nicely.
While we do understand that we have to do opposive of what he says, he does a good job for his firm.
Precisely - They are taking the opposite side of the trade.... That makes 9 out of 9 winners for Goldman's Desk. I would say he's doing just fine.
looking at the charts, EURUSD will rally for a couple/few weeks. The dollar is about to take a shit. SPX will continue rising. But it will fall significantly if priced in shiny yellow stuff
We may have a similar view long term, but I think the dollar pairs its loses and the Euro weakens for another month, then it's of to the races. Bernanke added firepower today. If a downturn comes, he will be ready to ease. Today he said just that. He is prepared for QE X.
He will be right this time! Just for sake screwing every contrarian.
What happens to $OIL now if hell breaks loose in the Persian Gulf?
If you stand on your hands it will go down
You know the 10th time is always the charm
Thank you Tyler, from the bottom of my heart. These stopler calls have paid off most of my student debt :).
Perfect Record? Batting 1000 at being wrong?
Greece default in March and subsequently Greece kicked out of the EURO Zone.
Bullish for the Euro with mainly Germany driving deflation, and the US driving inflation.
EURUSD 1.40 by summer, WTI $110, gold $2000 and silver $40
Enter your predictions below.
0 out of nine the odds are increasing in his favor to get it right at least once. On the other hand if keeps this "record" going I will hire him. 100% right or 100% wrong is just about the same when it comes to making money :)
I've gotten good chuckles out of these Stolper posts in the past, but I've actually acted on this one for the first time. Sold at 1.3107 in my OANDA personal account. Gotta love the 30x+ leverage in the FX market. This is worth the comedy value even if the trade goes to 1.38 the way Stolper says it should.
"The one we have all been waiting for. Stolper about to be 9 out of 9 with a 0.000 hit rate."
Ruthless Journalism
pissed my pants laughing :)))
How is your short? Feels good huh? :)
What makes you believe price will go down man, Goldman is not the biggest FX market maker, if they try to limit offset their net position through their clients it does not have to move the market - there are plenty more players on the market bigger than goldman... just saying.