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  • #238,101
  • May 6, 2010 3:02pm May 6, 2010 3:02pm
Twitter post:

rossgreenspan
I wil call today: Crashpocalypse Now: When Robots Attack
  • #238,102
  • May 6, 2010 3:04pm May 6, 2010 3:04pm
Quoting mmccormac
The EJ fell almost 1k pips TODAY (1,500 on the week) before bouncing......
i tried to tell them
those who can, do. those who cant, talk about those who can
  • #238,103
  • May 6, 2010 3:04pm May 6, 2010 3:04pm
[quote=opufo1;3704602]
Quoting wwwin
"Trading error" at major firm blamed for market plunge. CNBC saying someone typed "billion" instead of "million". $$[/QUOTE

I saw the same thing on CNBC; but that is probably bull-----t
PANIC that is the answer
bloomberg said about 60 billion dollars
  • #238,104
  • May 6, 2010 3:04pm May 6, 2010 3:04pm
Quoting wwwin
"Trading error" at major firm blamed for market plunge. CNBC saying someone typed "billion" instead of "million". $$
that's what the media wants you to believe lol ...
it was panic selling ... or hedging whatever
  • #238,105
  • May 6, 2010 3:06pm May 6, 2010 3:06pm
I have to go for now but will check back in two hours ... looking forward to the opening of the Asian session
  • #238,106
  • May 6, 2010 3:06pm May 6, 2010 3:06pm
CitiGroup being named as culprit for bad trade
Disclaimer: Check your 1m charts
  • #238,107
  • May 6, 2010 3:08pm May 6, 2010 3:08pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting neo1599
I have my doubts about the loan being approved unanimously.

Why would you throw money at any government which by cant get the situation in control in their country? The political situation is well...I am sure we keep track.

Bail out or not, there will be major reforms, the G20 is waking up.

Those banks that got bailed out with government money (taxpayers money) are betting against those governments default.

Moral?

Quote
BERLIN (Dow Jones)--German Chancellor Angela Merkel lashed out at banks and investors Thursday for their "perfidy" in contributing to Greece's debt woes.
"Speculators are our adversaries," Merkel said at a Berlin forum on the future of the European Union. "First the banks asked for help, and now they are speculating against governments' debts... I find that perfidious."

She could not have said it better.
Being right is one, taking it from the table is two.
  • #238,108
  • May 6, 2010 3:08pm May 6, 2010 3:08pm
Quoting wwwin
"Trading error" at major firm blamed for market plunge. CNBC saying someone typed "billion" instead of "million". $$
I don't believe it. This was panic.
Si vis pacem, para bellum.
  • #238,109
  • May 6, 2010 3:09pm May 6, 2010 3:09pm
Quoting m78
that's what the media wants you to believe lol ...
it was panic selling ... or hedging whatever
this is my take on it

sorry for shameless plug lol (its a link to my journal)
  • #238,110
  • May 6, 2010 3:10pm May 6, 2010 3:10pm
rumors says about technical false @ P&G (-30%)
  • #238,111
  • May 6, 2010 3:12pm May 6, 2010 3:12pm
Quoting Duce
I don't believe it. This was panic.
i wonder what Europe's banks were buying? could it be usd and yen?
those who can, do. those who cant, talk about those who can
  • #238,112
  • May 6, 2010 3:12pm May 6, 2010 3:12pm
guys, can you report if any other broker showed a server problem (like FXCM) or increased spreads ???

I'm with ibfx and my spreads stayed the same (no problems here)

I checked micro FXCM US and they had euro at 4 and cable at 6 pips ... and the charts do not load ...
  • #238,113
  • May 6, 2010 3:15pm May 6, 2010 3:15pm
Quoting Jhig
I have to go for now but will check back in two hours ... looking forward to the opening of the Asian session
Yeah done for today here will wake up in 6 hours to see what asia has done and how the day will unfold.
  • #238,114
  • May 6, 2010 3:15pm May 6, 2010 3:15pm
Quoting mistersimple
did u see that s*** that happened from 1.25?
Called a dead cat bounce.
  • #238,115
  • May 6, 2010 3:16pm May 6, 2010 3:16pm
Quoting m78
guys, can you report if any other broker showed a server problem (like FXCM) or increased spreads ???

I'm with ibfx and my spreads stayed the same (no problems here)

I checked micro FXCM US and they had euro at 4 and cable at 6 pips ... and the charts do not load ...
spreads look normal now on my station.. 2.0-3.5
  • #238,116
  • May 6, 2010 3:16pm May 6, 2010 3:16pm
Happy of having no position during this panic selling....
I'll trade on monday when everything will be settle down...too much dust right now... Hard to see if it'll drop even lower or bounce back...even for equities

1000 pips on eurjpy lol ....some people must be rich and other must have lost their shirt
COT: The precious data ignored
  • #238,117
  • May 6, 2010 3:16pm May 6, 2010 3:16pm
Quoting gatorinla
i tried to tell them
Yup, I remember. I also remember people saying "The Swiss would never let the EChf fall so why not buy"...

That UJ move is a huge warning sign though, this could get out of hand in short order.

Quoting mmccormac
I wonder if all those people longing the Eur/Chf because "It's at all time lows" considered the fact that this will be the lowest weekly close ever?

The old phrase "It can't possibly go lower/higher than X price" is classic. But I guess it's slightly better odds than using a slot machine.

If the Euro had been around for 30+ years to build a track record then mabye but it's only been an active currency for ten years and it's in big trouble now.
Quoting mmccormac
We might be at the highs for the next 10yrs though on the other side of the coin. Then eveyone will look back in a few years and say "Man I can't believe people bought right as it was taking out the all time lows".
  • #238,118
  • May 6, 2010 3:17pm May 6, 2010 3:17pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting sony
Hello

I used TG for same time and would like to sell it this days...

Started to use only esignal charts with better volume on it..and coos i use to trade only one pair and have learned some basic in VSA i dont need TG anymore...

I ask 3000Eurs. for it

New is 4000Eurs.

That is the newest version of it

RTV4

Best Regards
Sounds like someone got a margin call
Being right is one, taking it from the table is two.
  • #238,119
  • May 6, 2010 3:17pm May 6, 2010 3:17pm
The Dow plunged Thursday amid buzz in the market that European banks have halted lending.


One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now.
“This is similar to what took place pre-Lehman Brothers,” the trader said.
The Dow was down more than 900 points at one point, or more than 8 percent, before pulling back to the 600-700 point range.
Under current, New York Stock Exchange rules, if the market falls ten percent or more between 2:30 and 3:00 pm ET, trading is halted for 30 minutes.


http://www.cnbc.com/id/36988229
Attached Image
Founder of Sutherland Wave Principle
  • #238,120
  • May 6, 2010 3:18pm May 6, 2010 3:18pm
Quoting gatorinla
i wonder what Europe's banks were buying? could it be usd and yen?
That's exactly what I thought. I was watching the UC take off and all I could think of was "man...somebody is buying some serious greenback."
Si vis pacem, para bellum.
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