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Idiots Have Woken Up

  • #21
  • Nov 21, 2007 2:56pm Nov 21, 2007 2:56pm
[quote=kzazs;1725304 The credit Suisse rating has already been downgraded. The banking industry is in a mess. Traders who are investing in Franc now are in big trouble because this banking industry is going to hit Swiss hard, already problems have surfaced.

Very nice told. But about ECB. For instance if Euro gain 10 cents against USD
AIRBUS has around one million loss. French economy will colapse if trichet raise the rates but infliation which is coming from U.S can't allow ECB to lower rates. About politic. POLITIC IS A BITCH. They are always lying to the people. I just can't understand what are the benefits of EU if euro gain. That tell us how our presidents clever are. Is anyone here investing in hard commodities (gold, silver,....)
  • #22
  • Nov 21, 2007 5:07pm Nov 21, 2007 5:07pm
Every action has two sides... the positive (gain) and the negative (loss)....
Good (and maybe clever) politicians made the result more gain than loss....
and the Bad (and maybe almost..eh... stupid) politicians made the result more loss than gain..... http://www.kolobok.us/smiles/artists.../JC_stupid.gif
  • #23
  • Nov 21, 2007 9:28pm Nov 21, 2007 9:28pm
Thnx Kazas for sharing your insights & observations !!

All the best ..
  • #24
  • Nov 22, 2007 3:13am Nov 22, 2007 3:13am
Quoting cirebonese
Every action has two sides... the positive (gain) and the negative (loss)....
Good (and maybe clever) politicians made the result more gain than loss....
and the Bad (and maybe almost..eh... stupid) politicians made the result more loss than gain..... http://www.kolobok.us/smiles/artists.../JC_stupid.gif
A good example is a United States politicans. What do you think? Do they make good or bad decission?

Europe are the best

!
  • #25
  • Nov 22, 2007 3:28am Nov 22, 2007 3:28am
Quoting vinnie99
A good example is a United States politicans. What do you think? Do they make good or bad decission?

Europe are the best

!
Politicians make good and bad choices but they cannot please everyone all the time. Until we come up with a better system, we are stuck with them. One thing I do tell people is that if they did not vote, don't complain.
  • #26
  • Nov 22, 2007 9:08am Nov 22, 2007 9:08am
Hey W.H. I am so with you . I have many friends who complain and gripe about how the gov't operates ( from the left and right) but they are to damn lazy to get out and vote GB
Quoting WHTenn
Politicians make good and bad choices but they cannot please everyone all the time. Until we come up with a better system, we are stuck with them. One thing I do tell people is that if they did not vote, don't complain.
  • #27
  • Nov 22, 2007 9:23am Nov 22, 2007 9:23am
Quote
I have many friends who complain and gripe about how the gov't operates ( from the left and right) but they are to damn lazy to get out and vote

Maybe they are not voting because they feel that whole process of "democracy" is not what it should be - that is, a vote for the lesser of two evils. People who do not vote DO have a right to complain because they are not presented with any real choices. It's like asking a person what they prefer, a punch in the head or a kick in the ass. Most people would probably say neither, and rightfully so.

Quote
The manufacturing industry is losing jobs right, left & center, tourism industry is struggling
Quote
all further economic data will be negative,obviously manipulated.

Which is it? The two statements seem contradictory.
  • #28
  • Nov 22, 2007 10:24am Nov 22, 2007 10:24am
Quoting kzazs
Dear Phil,

I actually took the long trade & exited with 534 pips. I am a trader first & then a rambler. I use these silly comments from the officials as my indicators & i get in when i have 3 comments from highest officials. I know that these comments will unnerve the speculators & thats the time you get in & profit.

Another good example was in August when the japenese house wives were going crazy & were loading long NZD position. Once i heard 3 warnings from these officials, though most of these statements are stupid but i benefit from them. I shorted NZD at .8032 & exited at.70

Now i have my eyes on USD/CHF & USD/JPY. CHF & JPY have no sound fundamental standings, there current rate is pure speculation & dollar weakness.

I have one statement from Japan prime minister who said JPY is appreciating fast. I am waiting for 2 more verbal volleys, it is going to come in the next few day one from japan FM & the other from Central bank chief & i will be all set to go long with proper ris kmanagement & wont exit till JPY hit 1.20
I am still long on EUR/CAD, so far 1275 pips!
Humble Lifetime Member
  • #29
  • Edited 10:43am Nov 22, 2007 10:41am | Edited 10:43am
[quote=mijamoto;1725390][quote=kzazs;1725304 The credit Suisse rating has already been downgraded. The banking industry is in a mess. Traders who are investing in Franc now are in big trouble because this banking industry is going to hit Swiss hard, already problems have surfaced.

Very nice told. But about ECB. For instance if Euro gain 10 cents against USD
AIRBUS has around one million loss. French economy will colapse if trichet raise the rates but infliation which is coming from U.S can't allow ECB to lower rates. About politic. POLITIC IS A BITCH. They are always lying to the people. I just can't understand what are the benefits of EU if euro gain. That tell us how our presidents clever are. Is anyone here investing in hard commodities (gold, silver,....)[/QUOTE]

One individuals loss, is another individuals gain. In the end, someone gains, someone looses. Survival of the fittest. Case in point, weak $$$'s is a benefit in disguise for the EU. Why you may ask, oil is priced in $$$'s. The EU is paying less for oil. This was also stated by the Italian and German government officials who have said that so far, it has been good for their economies and they have saved money on energy. As far as Airbus goes, it is a company. If they have a good product or one that no one else has, people will be inclined or obligated to purchase their products. It's that simple. We can discuss economics and it global implications all day but what the heck, we all make money in the process. Sit back and enjoy the ride.
Humble Lifetime Member
  • #30
  • Nov 22, 2007 4:00pm Nov 22, 2007 4:00pm
Quoting vinnie99
A good example is a United States politicans. What do you think? Do they make good or bad decission?

Europe are the best

!
Since the US "still" dominate the whole world both politically and economically.... the effects of every action they take is affecting all of us...

We all just hope that our US fellow citizen choose the "right" politicians which make more "good news" and lesser "damage" to all of us.... all human creatures living on this lovely earth....
  • #31
  • Nov 22, 2007 8:09pm Nov 22, 2007 8:09pm
Democracy stinks but its still the best system on this planet. As far as the the choices we have had the last few years, if i said what i thought about either side the last few years SM jones would give me the boot...
Quoting fierceman
Maybe they are not voting because they feel that whole process of "democracy" is not what it should be - that is, a vote for the lesser of two evils. People who do not vote DO have a right to complain because they are not presented with any real choices. It's like asking a person what they prefer, a punch in the head or a kick in the ass. Most people would probably say neither, and rightfully so.




Which is it? The two statements seem contradictory.
  • #32
  • Nov 24, 2007 3:47pm Nov 24, 2007 3:47pm
Quoting philmcgrew
The "average trader" loses his or her accout within a couple months. I don't know how that makes them any smarter than the officials.

I love it when a conspiracy theory nut cracks. Good stuff.
Good One!!!
realize the universe is one thing, and attach it to your body
  • #33
  • Nov 25, 2007 6:52pm Nov 25, 2007 6:52pm
Just about a week ago the speculators were kicked out of CAD, then they started blindly investing into CHF & driving USD/CHF to obscene levels. That was a disaster waiting to happen, how a person in a right frame of mind invest in CHF very well knowning that CHF economy revolves around banking industry, & the banking industry is in a mess. Oh! i forgot the speculators never own a mind. Anyway now they are being kicked out of CHF as well. What's next for these speculators & gamblers.

In my last post i mentioned i am keeping a close eye on USD/CHF, at the appropriate point i will enter long. That appropriate point came today when SNB vice president stated the the banking woes are affecting banks in CHF, that was the trigger i was waiting for. I went long at 1.1025. My target is 1.2000 & the stop at 1.0800. I will enjoy this ride, as speculators run for their life.
  • #34
  • Nov 25, 2007 7:23pm Nov 25, 2007 7:23pm
Quoting kzazs
Just about a week ago the speculators were kicked out of CAD, then they started blindly investing into CHF & driving USD/CHF to obscene levels.
The USDCHF has been in a free fall since June. Do you have charting software?
  • #35
  • Nov 25, 2007 7:55pm Nov 25, 2007 7:55pm
Dear Phil,

I don't know which charting package you have been using. On the charts i have been using USD/CHF has been channeling between 1.19 to 1.25 since june 2006. The decline in USD/CHF accelerated at the end of Sept. 2007/ early Oct. 2007, but it has taken a real dive in the last couple of weeks. Pure speculation i believe
  • #36
  • Nov 25, 2007 8:09pm Nov 25, 2007 8:09pm
Quoting kzazs
Dear Phil,

I don't know which charting package you have been using. On the charts i have been using USD/CHF has been channeling between 1.19 to 1.25 since june 2006. The decline in USD/CHF accelerated at the end of Sept. 2007/ early Oct. 2007, but it has taken a real dive in the last couple of weeks. Pure speculation i believe
OK, as long as you admit it's pure speculation on your part. Your original post stated it as if it were written in stone. When someone says that I look at a chart and in this case I don't see anything in the USDCHF that would suggest that CAD traders had joined the party. There's no way you can back up a statement like that.
  • #37
  • Edited 10:33pm Nov 25, 2007 10:15pm | Edited 10:33pm
I have to say I rather like this style of newstrading, though it certainly isn't the most flattering it holds a certain undeniable earthy sensibility to it and who's to say what's true and what isn't.

What I'm curious is how do you pick your exits? You obviously have them in advance so you're not using the same method to close the trade but I'm interested to know if your exit method holds a similarly unique quality to your entrance.
  • #38
  • Last Post: Nov 26, 2007 12:23am Nov 26, 2007 12:23am
nice, very nice....
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