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  • #238,121
  • May 6, 2010 3:21pm May 6, 2010 3:21pm
With such a drop on JPY crosses...it should be the right time to buy for the long term...
eurjpy already 400 pips up from it's low....usdjpy 200 pips...
COT: The precious data ignored
  • #238,122
  • May 6, 2010 3:26pm May 6, 2010 3:26pm
Wonder if we'll hear the Arabs (And Russia) stop making threats about trading Oil in Euro's now?

This may have been the Poison Pill to keep things in check and support/justify the USD reserve status.
  • #238,123
  • May 6, 2010 3:26pm May 6, 2010 3:26pm
Sorry guys before I go I have to post this off Twitter.
I couldn't stop laughing

StockTwits

"I survived the crash of 2:45 pm" shirts on sale now. Thanks to @jayzalowitz for the idea http://stk.ly/bqqPSV $$


I guess @jayzalowitz needs to recoup trading losses for the day. I actually just may buy a shirt ... sport it around the local pub this weekend.
  • #238,124
  • May 6, 2010 3:26pm May 6, 2010 3:26pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
From my news stream:

Quote
2007 GMT [Dow Jones] The plunge in stocks may have been caused by a trader who accidentally placed an order to sell $16B, instead of $16M, in e-minis, the futures contracts tied to equity indexes, according to speculation swirling on Wall Street's trading desks. "Whenever the market moves up or down like the swings we saw today, we take a look to make sure everything's operating properly. That's exactly what we're doing now," Schoenberg said. "If the exchange finds anything amiss, it would report its finding on its website." Fox News says trading...

Anyway, whatever, someone ready for 1.2900-32 before tanking?
Being right is one, taking it from the table is two.
  • #238,125
  • May 6, 2010 3:26pm May 6, 2010 3:26pm
The Dow Jones Industrial Average posted its biggest intraday loss since the market crash of 1987
  • #238,126
  • May 6, 2010 3:29pm May 6, 2010 3:29pm
http://itradebonds.com/blog/wp-conte...ar-is-king.jpg

  • #238,127
  • May 6, 2010 3:29pm May 6, 2010 3:29pm
Quoting mmccormac
Yup, I remember. I also remember people saying "The Swiss would never let the EChf fall so why not buy"...
I had to make a snap shot of this with your quote ... lol

Attached Image (click to enlarge)
Click to Enlarge Name: eurchf-swiss-will-not-let-go.gif Size: 27 KB
  • #238,128
  • May 6, 2010 3:32pm May 6, 2010 3:32pm
Quoting m78
I had to make a snap shot of this with your quote ... lol

Attachment
Who needs words with a chart like that? LOL, yes even countries run out of money and have to trigger stop losses (George Soros understood this).
  • #238,129
  • May 6, 2010 3:32pm May 6, 2010 3:32pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
This is what I got earlier:

Quote
1916 GMT [Dow Jones] Computer-driven trading models likely generated the deepest dive in U.S. stocks, said one emerging market money manager. The chaos has left many human portfolio managers frozen. "We're pretty much on hold right now...We're not even trying with the current price moves. There's very little liquidity in the market," he said.
Being right is one, taking it from the table is two.
  • #238,130
  • May 6, 2010 3:32pm May 6, 2010 3:32pm
Quoting ziko123
The Dow Jones Industrial Average posted its biggest intraday loss since the market crash of 1987
Maybe the Euro is returning to its 1987 value. Oh wait...the Euro didn't exist in 1987.
Si vis pacem, para bellum.
  • #238,131
  • May 6, 2010 3:35pm May 6, 2010 3:35pm
Quoting SkyzerFX
I think you should check your Stop Loss.. It hit below 90..

Though I hope stupid YEN gets executed next.. Most ridiculous currency of all.
This trade is based on monthly chart, so I am not that concerned about 88 either. I told you not so long ago - there will be massive vola in markets & many daytraders will be wiped out, check my previous posts. So if I expected that to happen, why would I have a tight stop trading monthly chart?
Prices oscillate, trends persist. Trend is your friend.
  • #238,132
  • May 6, 2010 3:36pm May 6, 2010 3:36pm
http://4gifs.com/gallery/d/150857-1/..._stairfall.gif
  • #238,133
  • May 6, 2010 3:38pm May 6, 2010 3:38pm
Quoting Duce
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."
waiting for the Asian session..there stocks should tank.. yen crosses lower then Europe session continues.. emerging markets hording usd..
those who can, do. those who cant, talk about those who can
  • #238,134
  • May 6, 2010 3:40pm May 6, 2010 3:40pm
It's good we'll have a weekend soon, time to analyse what have happened this WEEK lol..

Funny how TECHNICALS forsee future and future realizes istelf by fundamentals and news. I remember when I told about H&S on SP500 and it just happened...

Im starting to think this is going to be a good excuse for investors to start looking at economy in more objective way
  • #238,135
  • May 6, 2010 3:41pm May 6, 2010 3:41pm
Quoting mmccormac
Wonder if we'll hear the Arabs (And Russia) stop making threats about trading Oil in Euro's now?

This may have been the Poison Pill to keep things in check and support/justify the USD reserve status.
Smart thinking bro, I have posted same idea on another thread that USA want to punish Arabs for declaring econowar on USD, so they prepped DX which is heavily manipulated & shorted Greek debt perhaps & now damage is done.
Prices oscillate, trends persist. Trend is your friend.
  • #238,136
  • May 6, 2010 3:44pm May 6, 2010 3:44pm
I still think Soros is behind all this. Has anyone talked to him or heard from him? Where was he today at 2:44 pm? Does he have an alibi?
Si vis pacem, para bellum.
  • #238,137
  • May 6, 2010 3:44pm May 6, 2010 3:44pm
Quoting mmccormac
Who needs words with a chart like that? LOL, yes even countries run out of money and have to trigger stop losses (George Soros understood this).
the Swiss just got poor..... plus a lower euro is a double shot to the economy (ez imports cheaper)..i wonder what their bond rate will be now. as said earlier their grandkids will pay for this.
those who can, do. those who cant, talk about those who can
  • #238,138
  • May 6, 2010 3:51pm May 6, 2010 3:51pm
So I about had a heart attack today cause someone doesn't know the difference between a million and a billion?
  • #238,139
  • May 6, 2010 3:52pm May 6, 2010 3:52pm
Inserted Video
Si vis pacem, para bellum.
  • #238,140
  • May 6, 2010 3:55pm May 6, 2010 3:55pm
Holy Cow, I was short EJ +60 and UJ +35. Had my stop at break even.
Then felt really tired and decided to close both Positions and turn off the PC.

An hour later kabooooom. I just turned on my PC a few minutes ago and saw what happened and what I missed
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