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  • #153,401
  • Oct 18, 2009 12:55pm Oct 18, 2009 12:55pm
Quoting TIckerShuffl
anyone think anything about them? He said US population going to have to live within means to secure the USD as reserve currency.
I don't think that it will have much effect, he basically called the sky blue by saying that. Further down in the article is an interesting quote,

"The financial system has to be safe for failure,"
-Summers, chairman of the National Economic Council

Now can someone extrapolate meaning from that?
  • #153,402
  • Oct 18, 2009 1:04pm Oct 18, 2009 1:04pm
Quoting SerpentDove
I don't think that it will have much effect, he basically called the sky blue by saying that. Further down in the article is an interesting quote,

"The financial system has to be safe for failure,"
-Summers, chairman of the National Economic Council

Now can someone extrapolate meaning from that?
Yeah. Our government a joke. I am beginning to lose faith in our ability to get anything done right.

edit: maybe it time we pulled back into a defensive posture and let the rest of the world fall to shit like it should. Maybe it's time to let the world fail.
  • #153,403
  • Oct 18, 2009 1:05pm Oct 18, 2009 1:05pm
hi new down week ^^
VFX
  • #153,404
  • Oct 18, 2009 1:07pm Oct 18, 2009 1:07pm
Quoting vfxnet
hi new down week ^^

I'm long dollar, going on week 3....
  • #153,405
  • Oct 18, 2009 1:11pm Oct 18, 2009 1:11pm
Quoting TIckerShuffl
I'm long dollar, going on week 3....
right w entry?
VFX
  • #153,406
  • Oct 18, 2009 1:16pm Oct 18, 2009 1:16pm
Quoting vfxnet
right w entry?
Not perfect, but laddered in and basically flat here.
  • #153,407
  • Edited 1:34pm Oct 18, 2009 1:31pm | Edited 1:34pm
Quoting TIckerShuffl
Yeah. Our government a joke. I am beginning to lose faith in our ability to get anything done right.

edit: maybe it time we pulled back into a defensive posture and let the rest of the world fall to shit like it should. Maybe it's time to let the world fail.
Man the time for that was before I was even born. Talk about a day late and a dollar short (how's that for a stinky pun). I still think the best move would have been NO bailout.

Y'all still have a constitution, use it. Sound money is in there!!!! MINTED money. Think about it, a dollar would be worth like 15 euros

Of course that would mean melting all your credit cards and making something useful like car bumpers out of them.
  • #153,408
  • Oct 18, 2009 1:49pm Oct 18, 2009 1:49pm
Quoting TIckerShuffl
Yeah. Our government a joke. I am beginning to lose faith in our ability to get anything done right.

edit: maybe it time we pulled back into a defensive posture and let the rest of the world fall to shit like it should. Maybe it's time to let the world fail.
I'm sure the US$ has one last hurrah left in it although I'm not sure if it is quite ready to turn around yet given that the market generally trends at this time of year and I can't see those in power allowing the indices to crash before Xmas given that there is so much else wrong. But who knows, we are not in normal times.

Just had the box on in the background and this song came on. If all else fails, you could get all your musicians together again and do a "USA for USA" type of fundraising event and see if the world feels they should give back to the country that has provided them with a free world police service. Such an uplifting song even after all these years.

Inserted Video


(sorry RealJumper, I read you're not into YouTube videos - well it is Sunday and the market isn't open yet)
Nothing worth having is easy.
  • #153,409
  • Oct 18, 2009 2:08pm Oct 18, 2009 2:08pm
Quoting Patience

Just had the box on in the background and this song came on. If all else fails, you could get all your musicians together again and do a "USA for USA" type of fundraising event and see if the world feels they should give back to the country that has provided them with a free world police service. Such an uplifting song even after all these years.
I really respect, even admire what the U.S. is supposed to be, I actually cried when I read the U.S. constitution for the first time realizing what had become of the vision that was inked onto paper and had once been codified. But calling empire building and the protecting of despotic regimes around the world for the pilfering of resources and labor, a free world police service is a touch naive, careful of what might be given back.

It's all in the constitution, I'll slightly paraphrase but "Engage in no international entanglements" covers a lot of what ails ya.

On a lighter note, anyone notice that the post count on this thread is climbing faster than Equities now... I'm not sweating my euro shorts for now.
  • #153,410
  • Oct 18, 2009 2:27pm Oct 18, 2009 2:27pm
and waiting for the market to open.
Attached Image
  • #153,411
  • Oct 18, 2009 2:44pm Oct 18, 2009 2:44pm
Quoting SerpentDove
and waiting for the market to open.
Where is the pa (price line)?
The Thief of Wall Street
  • #153,412
  • Oct 18, 2009 2:55pm Oct 18, 2009 2:55pm
Quoting Chicky
Where is the pa (price line)?
Closed Friday at 7 pips above entry after retesting an annihilated monthly trend line on a line chart.....I think.

Disclaimer: it's Sunday night, I have nowhere to be Monday and I'm emptying king cans like a machine gun tossing casings.
  • #153,413
  • Oct 18, 2009 3:28pm Oct 18, 2009 3:28pm
Seems like there's gonna be no gap this week end.
  • #153,414
  • Oct 18, 2009 3:38pm Oct 18, 2009 3:38pm
Quoting TheFisherman
Seems like there's gonna be no gap this week end.

I so look forward to those. Not really to trade, but just the excitement they cause.
  • #153,415
  • Oct 18, 2009 3:40pm Oct 18, 2009 3:40pm
Quoting knuckledrag
I so look forward to those. Not really to trade, but just the excitement they cause.
Last week was quite a gap. 40-50 pips if I can recall. You don't get those every week.
  • #153,416
  • Oct 18, 2009 3:42pm Oct 18, 2009 3:42pm
Question for X-Oden: on the image you posted there is an indi saying : "probability to short 27%". How does it calculates the probability?
  • #153,417
  • Oct 18, 2009 3:48pm Oct 18, 2009 3:48pm
Quoting TheFisherman
Last week was quite a gap. 40-50 pips if I can recall. You don't get those ever week.
No you don't. Maybe next week . I just love the way a gap sends everyone into a hissy trying to figure out when it will close. My favorite is when it takes a couple of days. The suspense really gets to folks.

Well, happy trading.
  • #153,418
  • Oct 18, 2009 4:04pm Oct 18, 2009 4:04pm
Gap, not ginormous, but gap nonetheless, pegged it this time.
  • #153,419
  • Oct 18, 2009 4:05pm Oct 18, 2009 4:05pm
Quoting SerpentDove
Closed Friday at 7 pips above entry after retesting an annihilated monthly trend line on a line chart.....I think.

Disclaimer: it's Sunday night, I have nowhere to be Monday and I'm emptying king cans like a machine gun tossing casings.
I thought that line was already broken. Let me re-check

I cannot possibly join you for a beer but can of course say "Opaa" from here.
The Thief of Wall Street
  • #153,420
  • Oct 18, 2009 4:06pm Oct 18, 2009 4:06pm
gbpusd 70 pips gap
Pation is the Holy Grail
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