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Entry Unholy

  • #6,581
  • Apr 11, 2019 2:38pm Apr 11, 2019 2:38pm
Scary but this is how my Local Currency looking like against the $..

I can already feel it when buying house necessities/groceries

Obi can confirm
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  • #6,582
  • Apr 11, 2019 4:25pm Apr 11, 2019 4:25pm
Quoting JayBag
Scary but this is how my Local Currency looking like against the $.. I can already feel it when buying house necessities/groceries Obi can confirm {image}
Oh dear....good job ur so rich from shorting the eur!
  • #6,583
  • Apr 11, 2019 8:47pm Apr 11, 2019 8:47pm
Quoting JayBag
Scary but this is how my Local Currency looking like against the $.. I can already feel it when buying house necessities/groceries Obi can confirm {image}
It's insane.


Everything is up. Fuel. Electricity.
But hey. It is what it is.

Just looking at this EU rally. Have begun loading more shorts on it as Gold etc haven't followed.
I have however bought gold as a hedge against this EU.
Stay safe
4&1 All Time Profit: $37,496
  • #6,584
  • Apr 11, 2019 9:11pm Apr 11, 2019 9:11pm
Quoting MzansiObi
{quote} It's insane. Everything is up. Fuel. Electricity. But hey. It is what it is. Just looking at this EU rally. Have begun loading more shorts on it as Gold etc haven't followed. I have however bought gold as a hedge against this EU. Stay safe
Not that it’s any consolation (expensive is still expensive) but at least things are up because of inflation/natural market order or things. Over here things are up because politicians want a bigger cut on levies and import costs. For example, a car requires an entitlement certificate that costs maybe double or more, depending on make, of what the car itself is worth. Cigarettes are marked up 2x to 3x because they claim to want to ‘discourage’ smoking. My apartment is a little studio not more than 300 square feet (yes feet, not metres) in the city fringe, and it cost me a low 7 figure. Cost of living here’s expensive NOT because of inflation or just general rise in production costs, but rather because of a shit ton of extra levies and charges and fees lol

feels bad man
You hesitate, you masturbate.
  • #6,585
  • Apr 11, 2019 9:21pm Apr 11, 2019 9:21pm
Quoting engweijie
{quote} Not that it’s any consolation (expensive is still expensive) but at least things are up because of inflation/natural market order or things. Over here things are up because politicians want a bigger cut on levies and import costs. For example, a car requires an entitlement certificate that costs maybe double or more, depending on make, of what the car itself is worth. Cigarettes are marked up 2x to 3x because they claim to want to ‘discourage’ smoking. My apartment is a little studio not more than 300 square feet (yes feet, not metres) in...
Lol my man that is also the case here.
Sin taxes(alcohol and cigarettes) are also up by a fair percentage. Fuel shouldn't be as expensive as it is, gvt has attached a massive levy on it all in a bid to recoup funds that were wastefully and fraudulently managed over the years. All of this coupled with a growing state wage bill.
It's just absurd at this stage.
4&1 All Time Profit: $37,496
  • #6,586
  • Apr 11, 2019 9:51pm Apr 11, 2019 9:51pm
Quoting MzansiObi
{quote} Lol my man that is also the case here. Sin taxes(alcohol and cigarettes) are also up by a fair percentage. Fuel shouldn't be as expensive as it is, gvt has attached a massive levy on it all in a bid to recoup funds that were wastefully and fraudulently managed over the years. All of this coupled with a growing state wage bill. It's just absurd at this stage.
Ah yes fuel. It’s crazy expensive here too. Plus taxes - they define 320k in annual income as the highest bracket. So anyone above that amount whether 320k or 30mil is taxed a uniform 22% (on top of the various other consumption taxes and levies). We don’t have a minimum wage structure here, so while the lower income brackets pay next to no tax, their expenditure on NECESSITIES pretty much eats up the entirety of their income. A lot of graduates continue staying with their parents because of this - your entry level jobs can barely pay for day to day expenses much less homes that cost minimally in the high 6 figures (and these are in the most inconvenient locations in the country). Your non graduates barely earn the equivalent of a thousand USD on 12 hour shifts. There’s so much money circulating in the system yet for some reason barely any is available to the people - it’s all propped up by organisational spending and lol well, we’d rather spend a billion and a half on a new airport targeting high net worth businessmen than feed the homeless lol

Its sad, unfortunately. Guess the only way around it is to find/increase alternate sources of income so let’s hope everyone’s trades play out well today. Weekends are more or less here Green pips to everyone
You hesitate, you masturbate.
  • #6,587
  • Apr 11, 2019 10:33pm Apr 11, 2019 10:33pm
Quoting MzansiObi
{quote} It's insane. Everything is up. Fuel. Electricity. But hey. It is what it is. Just looking at this EU rally. Have begun loading more shorts on it as Gold etc haven't followed. I have however bought gold as a hedge against this EU. Stay safe
It's crazy and scary at the same time ..
not sure if buying GOLD is a great idea but let's see..

EU short? you know I always like the sound of that lol
  • #6,588
  • Apr 12, 2019 12:46am Apr 12, 2019 12:46am
Quoting JayBag
{quote} It's crazy and scary at the same time .. not sure if buying GOLD is a great idea but let's see.. EU short? you know I always like the sound of that lol
The only reason I'm buying gold at that level is to hedge the large chunk of EU I am short (1.12877) .
Lols
4&1 All Time Profit: $37,496
  • #6,589
  • Apr 12, 2019 12:58am Apr 12, 2019 12:58am
Quoting engweijie
{quote} Ah yes fuel. It’s crazy expensive here too. Plus taxes - they define 320k in annual income ahs the highest bracket. So anyone above that amount whether 320k or 30mil is taxed a uniform 22% (on top of the various other consumption taxes and levies). We don’t have a minimum wage structure here, so while the lower income brackets pay next to no tax, their expenditure on NECESSITIES pretty much eats up the entirety of their income. A lot of graduates continue staying with their parents because of this - your entry level jobs can barely pay for...
22%? Lucky gits! I pay almost 40% tax, and then 50% - 65% on any bonus i might be lucky enough to get!
my bro pays about 10% in HK!!
  • #6,590
  • Apr 12, 2019 2:16am Apr 12, 2019 2:16am
It's Friday..

If you have not flipped the coin yet, still a little time left..
Either Way, have a cold one next to you
  • #6,591
  • Apr 12, 2019 2:19am Apr 12, 2019 2:19am
I suspect GOLD will not retest the 50% again because it was so flirty around it..
Drop?

maybe 100pip or more for the day?
either way, next level to watch for the year is at 1269.03 which is the Yearly Piv and also the NeckLine of the Big H&S on Daily..

More parties after neckline right?
  • #6,592
  • Apr 12, 2019 3:18am Apr 12, 2019 3:18am
Lol. Which smart money is busy buying EU?!?!
4&1 All Time Profit: $37,496
  • #6,593
  • Apr 12, 2019 3:41am Apr 12, 2019 3:41am
Quoting MzansiObi
Lol. Which smart money is busy buying EU?!?!
Yes mate - i had a long from yesterday that was hanging on by a thread.....woke up this morning to a little friday delight!
  • #6,594
  • Apr 12, 2019 3:47am Apr 12, 2019 3:47am
Sold 1.13096. JB are you proud of me
You hesitate, you masturbate.
  • #6,595
  • Apr 12, 2019 3:47am Apr 12, 2019 3:47am
Quoting Jp1
{quote} 22%? Lucky gits! I pay almost 40% tax, and then 50% - 65% on any bonus i might be lucky enough to get! my bro pays about 10% in HK!!
You must be real rich cuz I heard only the very wealthy get that sort of tax in your country?
You hesitate, you masturbate.
  • #6,596
  • Apr 12, 2019 3:47am Apr 12, 2019 3:47am
I missed a few opportunities today.....I am not centred enough to be able to take advantage of the market....still happy though.....sorry not being perfect....
trading is simple but is simple is not easy.
  • #6,597
  • Apr 12, 2019 3:48am Apr 12, 2019 3:48am
Quoting Jp1
{quote} Yes mate - i had a long from yesterday that was hanging on by a thread.....woke up this morning to a little friday delight!
I knew it! You’re the smart money pumping this up
You hesitate, you masturbate.
  • #6,598
  • Apr 12, 2019 3:50am Apr 12, 2019 3:50am
Quoting engweijie
Sold 1.13096. JB are you proud of me
Stop it ENG..

Oh hell yeah ...

Looking at UC, looking to reload.. but I need price to be above 1.3347 then yeah..
  • #6,599
  • Apr 12, 2019 3:52am Apr 12, 2019 3:52am
Quoting engweijie
{quote} You must be real rich cuz I heard only the very wealthy get that sort of tax in your country?
Haha - i wish! Three kids and a mortgage that would make u cry put a stop to that!
  • #6,600
  • Apr 12, 2019 3:53am Apr 12, 2019 3:53am
Quoting Jp1
{quote} Haha - i wish! Three kids and a mortgage that would make u cry put a stop to that!
The only kid I have is this cutie I picked up from the shelter earlier this morning
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You hesitate, you masturbate.
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