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  • #234,321
  • May 1, 2010 6:59pm May 1, 2010 6:59pm
Quoting lumesh
well, one of the shortcomings of being a (active) trader is that it's fking lonely business ...So, while one is waiting "alone in the dark" for his trading signal
That sounds so familiar and I am not even a full time trader.

"So, while one is waiting "alone in the dark" for his trading signal "

I liked that line.
  • #234,322
  • May 1, 2010 7:29pm May 1, 2010 7:29pm
Quoting malcolmb14
euro doomed .. damn they were saying that about bank stocks back in 2008 .. now look back to where they started and climbing higher

do not guess ... trade the chart
Because banks are making huge profits again out of us 'mugs' and giving out ridiculous bonuses!

I'm not saying the Euro is doomed, it was a response to the person stating that Merkel said 'that everyone who tries to destabilize euro will have their voice shut down' and that she is not going to say 'We are doomed'. The Euro will be here to stay and as the US debt comes more into the picture down the line, I am sure the current trend will reverse. But for now I am long-term bearish on the Euro and you will find my long-term EU charts which I will be trading to here

http://www.forexfactory.com/showthre...96#post3688796
  • #234,323
  • May 1, 2010 7:35pm May 1, 2010 7:35pm
Quoting uraceulose
I was just looking at the calender, don't forget first couple days Tokyo banks closed. Thursday huge news day in Europe and election in Britain.

Friday is NFP too.
Monday is public holiday in the UK too. Exciting week ahead in 4x once Tuesday kicks in!
  • #234,324
  • May 1, 2010 8:46pm May 1, 2010 8:46pm
I spot bullish RSI divergence on daily and 4 hour.

Expecting to see EU move up over the next month or 2.

That is all.
  • #234,325
  • May 1, 2010 8:52pm May 1, 2010 8:52pm
Quoting thelws
I spot bullish RSI divergence on daily and 4 hour.

Expecting to see EU move up over the next month or 2.

That is all.
Mix in some bailout news and overall stability to EZ and that may very well be what happens. However, the underlying vibe is that we are inching closer and closer to Feds raising rates, so who knows. Naked chart looks like trend has more room to continue also. Regardless, a good system will make money either way.
  • #234,326
  • Edited 11:55pm May 1, 2010 11:37pm | Edited 11:55pm
Quoting lumesh
on the contrary, i am only confident of what I AM saying...i have to be...otherwise my years of trading experience can be washed down the toilet.

But by no means am i confident to say it's the only way....it's not.

I do understand though that this discussion leads nowhere simply because our trading styles and, moreover, HABITS are different. But, if nothing else, i learn a bit from you and maybe you learn smth from me, dunno.
Morning to you & all .
Thanks for the understanding . Yes nobody or no any single system can be so confident as the only way , there are hundreds thousands of systems to explain the same & single movements from different angles and their perception & trading signals also different.Not like the math 2+2= must be 4 and every to see the same thing at the same time , they do but diferent calculation. so also in ew ,different people look different ways having the same rules to follow .when chances of confusion araised & the good look still not clear, with next movement & more clearer views the counts also changes and what we see a finished movement may not be able to see before most have already happened. More dedication to any system may perfect or near perfect as nothing perfect can be possible in this world.

and me also did never confident on any single system & so looking many at the same time when I need help & the basic pa failed to explain simple ways.

Yes , I want to respect(& try maintain)everybody's experience & style & nature without hurting . If you also learned something from my posts you are most welcome & hope will exchange views in future & learn from each other . Goodluck.

Thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #234,327
  • May 1, 2010 11:53pm May 1, 2010 11:53pm
Hello Fontu, hope all is well. You are correct, there is more than one successful system. Anyway, what do you think for this week coming up?
  • #234,328
  • Edited 12:27am May 2, 2010 12:14am | Edited 12:27am
Quoting 2+2=4ex
Hello Fontu, hope all is well. You are correct, there is more than one successful system. Anyway, what do you think for this week coming up?
Thanks , no clearer picture yet but before , yesterday the look have little changed , that is big bounce from the tl but not seems so early or within few weeks ( 2 weeks down for the setup perfection in weekly chart at least there ) . already bounced from one tl and perhaps the bounce still no over yet , can go as high as 1.3581 but ultimately a bear candle .for that much high to go it may develope one good price pattern or reason & may fall /break again & again before one & next week can be good fall again, other tls also to test before the up.monthly chart also bearish for 5 more months but we can't tolerate a bull in the confirm bear taking monthly in consideration.anyway market to decide what it wants , the same movement ca be done straight or encircle the whole area to the same point.anyway I am bearish weekly basis & daily will change one to the other. thanks,fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #234,329
  • Edited 12:59am May 2, 2010 12:48am | Edited 12:59am
don't want to piss on the party. but i had bp stock i would sell it asp. i would also look for a bottom on haliburton, cameron valve or anyone else involved in rig failure. bp will probably be bankrupt after this. (gbp will take a hit) bp over rode safety procedures for h2s gas. haliburten was was responsible for safety. but when bp over rode s.o.p. it put the monkey completely on its back.. This is inside info from rig survivors that i know (not on the news yet). this event when totaled up could put gulf coast states depression. since the economy in the south is stronger then most. its could be contagious enough effect the whole country. this event is bigger then it appears on the surface.
This will affect oil prices. it will affect commerce in the Mississippi River. it may destroy the remaining barrier islands and marsh in Louisiana. It may put New Orleans on the coast literally. All and all many unforeseen cost will come from this. It may wipe out fisheries all over the Gulf Coast. Its not just a Louisiana problem. Its the whole gulf and maybe Caribbean. Wind can push this everywhere including the east coast with then gulf stream. They still don't have a way to plug it.. The solutions so far are unlikely to happen and may take months are longer to work. Maybe never.

we are talking about an unknown monetary figure (maybe trillion)s. It will cost every one of us money. No matter what you do for a living. This is the Iceland volcano X infinite? in the U.S. This will weigh on the u.s. economy..

Just a few ways it will cost you. Oil is in every fiber of economy. This will affect all food cost. Here is just a few industrious if may hurt with higher cost or kill value. tourism, oil , seafood, boat building, farming, home building, lumber, banking thousands of other things.. but that beach front condo in Florida you wanted may get cheap soon.

we may be adding another 50 million to the unemployment line.. before the snowball really starts pushing the rest of the dominoes down. Don't think this will not affect you.. this oil can float anywhere in the world that touches the sea. estimates are as high as 25K barrels per day now leaking.
those who can, do. those who cant, talk about those who can
  • #234,330
  • May 2, 2010 12:57am May 2, 2010 12:57am
some kind of failed car bomb in nyc (time square) atm.
those who can, do. those who cant, talk about those who can
  • #234,331
  • May 2, 2010 1:03am May 2, 2010 1:03am
Quoting gatorinla
don't want to piss on the party. but i had bp stock i would sell it asp. i would also look for a bottom on haliburton, cameron valve or anyone else involved in rig failure. bp will probably be bankrupt after this. (gbp will take a hit) bp over rode safety procedures for h2s gas. haliburten was was responsible for safety. but when bp over rode s.o.p. it put the monkey completely on its back.. This is inside info from rig survivors that i know (not on the news yet). this event when totaled up could put gulf coast states depression. since the economy...
Thanks gator for great information & an insight to the future .The unforeseen disaster I mentioned yesterday is actually not so unforeseen . some sorts of basis is there too.hope everthing will be ok .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #234,332
  • May 2, 2010 1:07am May 2, 2010 1:07am
Quoting gatorinla
don't want to piss on the party. but i had bp stock i would sell it asp. i would also look for a bottom on haliburton, cameron valve or anyone else involved in rig failure. bp will probably be bankrupt after this. (gbp will take a hit) bp over rode safety procedures for h2s gas. haliburten was was responsible for safety. but when bp over rode s.o.p. it put the monkey completely on its back.. This is inside info from rig survivors that i know (not on the news yet). this event when totaled up could put gulf coast states depression. since the economy...
Hello Gator! Yea the oil leak is a huge problem. I was watching CNN yesterday and even though it was the head story I still don't think many realize how devastating this is. In just a few days we can see large pools of black all around the LA shoreline and into the Mississippi river. Now according to the media the black stuff we see floating is mostly sheen and supposedly not as toxic/destructive as pure oil, but it still doesn't look normal. The fishing industry is done in the gulf. BP has got a huge problem. They say this could of all been prevented with a blowout preventer that costs $500K. I bet they would gladly pay to put one on each and every oil rig if they could only go back in time.

Like you said this will have a domino effect into everything.
  • #234,333
  • May 2, 2010 1:09am May 2, 2010 1:09am
http://news.bbc.co.uk/1/hi/world/europe/8656649.stm

The Greek population are not happy, but they only have themselves to blame. This is what happens when tax avoidance reaches epic scales and turning a blind eye to the situation. It comes back to bite you hard. The general population really don't want IMF and EU intervention and they would rather stick their two fingers up and default and with that I fear expulsion from the Euro. The Greek government really don't want to see this happen as they know the consequences. Lets see what happens.
  • #234,334
  • May 2, 2010 1:14am May 2, 2010 1:14am
Quoting gatorinla
some kind of failed car bomb in nyc (time square) atm.
It seems like the plot it getting thicker and thicker these days. or it is a deversion to focus our attention elseware. Time will tell.
  • #234,335
  • May 2, 2010 1:18am May 2, 2010 1:18am
Quoting bbakker
http://news.bbc.co.uk/1/hi/world/europe/8656649.stm

The Greek population are not happy, but they only have themselves to blame. This is what happens when tax avoidance reaches epic scales and turning a blind eye to the situation. It comes back to bite you hard. The general population really don't want IMF and EU intervention and they would rather stick their two fingers up and default and with that I fear expulsion from the Euro. The Greek government really don't want to see this happen as they know the consequences. Lets see what happens....
default is the best thing that Greece could do for itself. they could have a devalued currency in the heart of ez. they could still collect euros or usd (or any currency) in exchange for tourism. ( money in, less out makes them rich.) and hold them in reserve. let them set up a international hub.. they would kick ass.
those who can, do. those who cant, talk about those who can
  • #234,336
  • May 2, 2010 1:36am May 2, 2010 1:36am
Quoting gatorinla
default is the best thing that Greece could do for itself. they could have a devalued currency in the heart of ez. they could still collect euros or usd (or any currency) in exchange for tourism. ( money in, less out makes them rich.) and hold them in reserve. let them set up a international hub.. they would kick ass.
If you're a big country with lots of natural resources that the world at large needs then you can contemplate default and see light at the end of the tunnel.

If all you got is a bunch of B&B's nobody gives a shit about that and default means nobody will lend you money again for a generation or more.

Where do you think the money has come from to keep the ferries & airlines running, to pay all those pensions for 45-year old civil servant retirees? Sure as hell not from the non-existant tax revenues.

Greece should be cut loose from the EMU and the only reason it has not been cut loose is because France and several other EU nations are holding the bag on all those 100's of billions of Greek debt.

There's just no way this ends well for anybody, least of all for the Greeks.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #234,337
  • May 2, 2010 1:38am May 2, 2010 1:38am
Quoting 2+2=4ex
Hello Gator! Yea the oil leak is a huge problem. I was watching CNN yesterday and even though it was the head story I still don't think many realize how devastating this is. In just a few days we can see large pools of black all around the LA shoreline and into the Mississippi river. Now according to the media the black stuff we see floating is mostly sheen and supposedly not as toxic/destructive as pure oil, but it still doesn't look normal. The fishing industry is done in the gulf. BP has got a huge problem. They say this could of all been prevented...
kill the marsh and you lose the #2 state in fisheries. just remember most imported oil comes through Louisiana. your SOR is in Louisiana much of the domestic oil comes from here.. you lose marsh you lose it all.. once the grass is gone. a few small storms or normal wave action. you lose the marsh.. oil on grass don't mix. they are using oil booms to block inlets. just booming inlets and not the land (marsh) leaves it exposed. the hi south winds will push oil over marsh (high water level).. they don't have enough oil booms to do it all. oil booms need to be monitored and replaced often. the sheen is just diesel that was used (stored) on the rig. (finished product) the crude is yet to come..
those who can, do. those who cant, talk about those who can
  • #234,338
  • May 2, 2010 1:44am May 2, 2010 1:44am
Quoting The Fool
If you're a big country with lots of natural resources that the world at large needs then you can contemplate default and see light at the end of the tunnel.

If all you got is a bunch of B&B's nobody gives a shit about that and default means nobody will lend you money again for a generation or more.

Where do you think the money has come from to keep the ferries & airlines running, to pay all those pensions for 45-year old civil servant retirees? Sure as hell not from the non-existant tax revenues.

Greece should be cut loose from the EMU and...
hmmm they defaulted 50% of the time for a wile now. i dont know how many years this track record goes back but i want to say they defaulted 80 times. so whats one more? they were loaned money after other defaults so whats gonna change things?
those who can, do. those who cant, talk about those who can
  • #234,339
  • May 2, 2010 1:49am May 2, 2010 1:49am
Quoting gatorinla
hmmm they defaulted 50% of the time for a wile now. i dont know how many years this track record goes back but i want to say they defaulted 80 times. so whats one more? they were loaned money after other defaults so whats gonna change things?
What could well change is that the rank & file voters in Germany say fuck you to the sponging welfare states and abandon the EMU themselves. The EMU w/o Germany is like Elvis w/o sideburns, sunshades, & rhinestones - not pretty.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #234,340
  • May 2, 2010 1:55am May 2, 2010 1:55am
Quoting The Fool
What could well change is that the rank & file voters in Germany say fuck you to the sponging welfare states and abandon the EMU themselves. The EMU w/o Germany is like Elvis w/o sideburns, sunshades, & rhinestones - not pretty.
HAAHAA LOL. That was good.
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