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  • #103,701
  • Jun 1, 2009 6:48am Jun 1, 2009 6:48am
Quoting toshi
Thought I'd pass it on...


You owe me a new keyboard, mine is is now soaked with Ethiopian
Yrgacheffe... Brilliant reply bro
FUBAR...
  • #103,702
  • Jun 1, 2009 6:51am Jun 1, 2009 6:51am
Hello all. I'm back and I see that my trade is now 27 pips in the green. We have just hit an SR level on my chart, so it might be an opportunity to exit the position. However, I want to let this one play out a bit longer, so I've moved my SL to just above today's high.
  • #103,703
  • Jun 1, 2009 6:51am Jun 1, 2009 6:51am
Quoting nooblaster
i thought it's really serious that a great power USA is declining, running out of oil and money. another power is rising, China.

usually these transitions are times of conflict, race to secure resources for the next 50 years. USA has huge military advantage, would they use it for another invasion?

The USA have stated in no uncertain terms that they will not allow N Korea to become a Nuclear power.

If the USA attack N Korea would China back N Korea like in the Korean War back in the 50s?
  • #103,704
  • Jun 1, 2009 6:52am Jun 1, 2009 6:52am
Quoting nooblaster
i thought it's really serious that a great power USA is declining, running out of oil and money. another power is rising, China.

usually these transitions are times of conflict, race to secure resources for the next 50 years. USA has huge military advantage, would they use it for another invasion?
My thoughts exactly. China may have to save the world on the next world war. My problem is that nowadays everybody has nukes. I would be scared of war if there were no nukes. I was talking to a friend this week-end that it would be fantastic if they break for war, everybody gathers around, gives the nuke warheads to Switzerland (they'd be again neutral, somebody has to play the bank) and after the war, they get it back.
  • #103,705
  • Jun 1, 2009 6:53am Jun 1, 2009 6:53am
Quoting Atlast
I thought you said you had made enough for today.
yeah, a lapse of discipline for which I paid. Fortunately I had made more than enough so im still above target
BTC Return This Year: na
  • #103,706
  • Jun 1, 2009 6:54am Jun 1, 2009 6:54am
Quoting notch
The USA have stated in no uncertain terms that they will not allow N Korea to become a Nuclear power.

If the USA attack N Korea would China back N Korea like in the Korean War back in the 50s?
Notch, I think this time USA+Europe will be the bad guys. And Russia of course. They always are
  • #103,707
  • Jun 1, 2009 6:57am Jun 1, 2009 6:57am
Quoting TheFisherman
China may have to save the world on the next world war. .

Explain.
  • #103,708
  • Jun 1, 2009 6:58am Jun 1, 2009 6:58am
Quoting TheFisherman
Notch, I think this time USA+Europe will be the bad guys. And Russia of course. They always are

Don't you think it is in Russia's interest to side with China?
  • #103,709
  • Jun 1, 2009 6:59am Jun 1, 2009 6:59am
Quoting Elghoz
will u tell me why at 1.4282????????????
My trade so far to-day....

Bought at 1.4231 (09:10)
1/3rd out 1.4243 (09:14)
I have a take profit order in at 1.4279 for a further 1/3rd out, that will leave me with 1/3rd on.

Unfortunately, I had to go out about an hour ago, and would have closed this trade at 1.4211. I am still in though, but if I get a 5 min bar close beneath 1.4183 I will Exit.

Over all, I am still expecting Price to reach 1.4282. we'll see!!! Why 1.4282, because it was the close of Dec 18th bar, and I consider it is going up to test it, that's all.
Good Trading. (keep it simple).
  • #103,710
  • Jun 1, 2009 7:04am Jun 1, 2009 7:04am
Quoting notch
Explain.
Well, the wars are fought for resources. The wars are won by resources. If there would be a war breaking USA and Europe HAVE to invade oil rich countries to support the war effort. That would make'em the bad guys. It's all left to Russia and China then. They are no friends by any mean. Russia as always would look to "enhance" the territories under control that would make'em the bad guys also. That leaves China to save the world.

Dude this is not a serious analysis. I have no idea about wars and geopolitics. China seems to have resources to fight a war, although they never did fight a serious war since many 1000's years. They rather build a big big wall to keep the bad guys out.
  • #103,711
  • Jun 1, 2009 7:07am Jun 1, 2009 7:07am
Quoting TheFisherman
I have no idea about wars and geopolitics. China seems to have resources to fight a war, although they never did fight a serious war since many 1000's years. They rather build a big big wall to keep the bad guys out.

Dude, they have been involved in quite a few modern conflicts with Japan (I believe but my Asian-Pacific history is rusty).

Anyway, back to trading.
  • #103,712
  • Jun 1, 2009 7:08am Jun 1, 2009 7:08am
yeah thats a good idea
  • #103,713
  • Jun 1, 2009 7:09am Jun 1, 2009 7:09am
Wow, what a jump we just had. My trade is now sitting at BE w/ SL right above today's high. I'm going to let it ride.
  • #103,714
  • Jun 1, 2009 7:10am Jun 1, 2009 7:10am
Quoting Alihuzaifa
yeah thats a good idea
What? Have you stopped feeling all homosexually loved up?
  • #103,715
  • Jun 1, 2009 7:11am Jun 1, 2009 7:11am
4220 is an area of interest, i'll long/short going to this price
  • #103,716
  • Jun 1, 2009 7:11am Jun 1, 2009 7:11am
man dont mess up,i wont do that in ur age
  • #103,717
  • Jun 1, 2009 7:11am Jun 1, 2009 7:11am
Quoting Jasper
My trade so far to-day....

Bought at 1.4231 (09:10)
1/3rd out 1.4243 (09:14)
I have a take profit order in at 1.4279 for a further 1/3rd out, that will leave me with 1/3rd on.

Unfortunately, I had to go out about an hour ago, and would have closed this trade at 1.4211. I am still in though, but if I get a 5 min bar close beneath 1.4183 I will Exit.

Over all, I am still expecting Price to reach 1.4282. we'll see!!! Why 1.4282, because it was the close of Dec 18th bar, and I consider it is going up to test it, that's all.
I have to go out again now, not the best of days to trade under these circumstances. Should Price get up to 1.4282, observe how it reacts around there!
Good Trading. (keep it simple).
  • #103,718
  • Jun 1, 2009 7:12am Jun 1, 2009 7:12am
AtLast, have you closed your short trade?
  • #103,719
  • Jun 1, 2009 7:13am Jun 1, 2009 7:13am
Quoting TheFisherman
Notch, I think this time USA+Europe will be the bad guys. And Russia of course. They always are
conflict could start a few ways:

1. NKorea nuke problem. Although unlikely that china would want to help Nkorea because CHina is really concerned about its world image nowadays, cant be seen helping a crazy wildcard.

2. Probably at some point in the future, 15-20 years down the road, it will no longer be feasible to continue producing low-cost goods for USA to consume. Nopoint collecting all that green paper anyway, they cant pay it back. hence within these 20 years china will go on a spending spree to legally acquire resources. After which when they control large enough amounts, USA/the world will cry foul that it is manipulating the market, cartel etc. leading to confrontation.

either this or US dollar collapses, China suffers greatly from its hoard of US dollars collected over the years, professes never to sell a single lead-paint toy to US ever again, and tries to develop a domestic market among its 1 billion people.

russia and africa are sideliners, europe will probably be pragmatic and wait till a clear victor is formed and then jump on the bandwagon
  • #103,720
  • Jun 1, 2009 7:13am Jun 1, 2009 7:13am
Quoting notch
Dude, they have been involved in quite a few modern conflicts with Japan (I believe but my Asian-Pacific history is rusty).

Anyway, back to trading.
Second Sino-Japanese War
The war was the result of a decades-long Japanese imperialist policy aiming to dominate China politically and militarily to secure its vast raw material reserves and other resources. (Wikipedia)
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