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  • #238,801
  • May 8, 2010 8:42am May 8, 2010 8:42am
Quoting PriceVolume
Personally, I'm hoping for a huge gap up. Blue light special.
above 0 it may still be cheap. but im hoping as you are. we know where the bodies are burried.
those who can, do. those who cant, talk about those who can
  • #238,802
  • May 8, 2010 8:55am May 8, 2010 8:55am
Quoting Flem26
I'm sure the big boys are saying "bring it on then". That's what the bank of japan said too. It only works until doesn't.


classic ez threats that are hollow....traders are laughing at merkel, not quiveling in their boots like ez leaders want. EZ CANNOT do anything, anyways why would they want to, devaluation may be their only hope for survival at this point. German exports were on the decline late 2009, and they still are slow....Why would countries pay a lot for european made products now? They arent going to....China is raising export prices as well due to inflation there, no more cheap chinese shit. Inflation is rapant in china, they have cities there that are just built every day with no people in them. Population is increasing fast there....its only a matter of time before shit hits the fan there.Domestic demand for goods will be high in china. China will be forced to slow down exports by raising renminbi rates....letting euro devalue will provide a some type of solution to problems. High euro rates are over, simple as that.....
  • #238,803
  • May 8, 2010 9:07am May 8, 2010 9:07am
Quoting SkyzerFX
"
BRUSSELS (AP) — French President Nicolas Sarkozy and German Chancellor Angela Merkel announced early Saturday that Europe will set up an intervention mechanism to calm markets rattled...
What about the speculators that pushed it from .82 to 1.6 ?

We are seeing the unwinding of speculators going back to the USD from the EUR..

Why was it so "natural" for it to appreciate to 1.6 but "unnatural" for it to go back to it's purchasing parity level??... I just don't get it..
  • #238,804
  • May 8, 2010 9:24am May 8, 2010 9:24am
Quoting Kramerica
What about the speculators that pushed it from .82 to 1.6 ?
We are seeing the unwinding of speculators going back to the USD from the EUR..
Why was it so "natural" for it to appreciate to 1.6 but "unnatural" for it to go back to it's purchasing parity level??... I just don't get it..
Well yes, but this take years so it's just gradual rise. And what we

got now it's over hyped collapse.. This all Greece situation is a joke..

I don't know when, but world will go back

shorting Dollar as usual, ones things get better.. Right now it's sitting

just below that long term bear TL it's going to get back down there:
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,805
  • May 8, 2010 9:26am May 8, 2010 9:26am
Quoting gatorinla
above 0 it may still be cheap. but im hoping as you are. we know where the bodies are burried.
Speaking of UC....I've got:

1st Tier Order: 1.1097, 1.1694, 1.2295
2nd Tier Order: 1.1391, 1.1996
3rd Tier Order: 1.1237, 1.1540, 1.1847, 1.2150
4th Tier Order: 1.1167, 1.1316, 1.1466, 1.1615, 1.1768, 1.1913, 1.2075, 1.2216
  • #238,806
  • May 8, 2010 9:37am May 8, 2010 9:37am
Quoting SkyzerFX
Well yes, but this take years so it's just gradual rise. And what we

got now it's over hyped collapse.. This all Greece situation is a joke..

I don't know when, but world will go back

shorting Dollar as usual, ones things get better.. Right now it's sitting

just below that long term bear TL it's going to get back down there:
Well.. I've been watching this pretty closely for about 6 years.. some of the moves up in EUR/USD were pretty quick.. remember 1.38-1.60 ?.. That was not gradual.. in my opinion..

Yes. Greece is a joke.. As i've said before, I agree with you 100% that U.S. books are more frightening than little ole greece.. but.. the people in control have every resource they need to move the markets they way they want..
  • #238,807
  • May 8, 2010 10:33am May 8, 2010 10:33am
Posting from Twitter:

rossgreenspan
Epic squawk box of the SP during the crash. Makes the hair on my neck stand. (link to .mp3) http://bit.ly/ct89HR


At first it sounds like a car/art auction then when price get around 90 down, panic sets in and you can hear it in his voice. Floor traders screeming in the background - no counter offers.

(sound skips a bit)
  • #238,808
  • May 8, 2010 10:45am May 8, 2010 10:45am
Quoting blunderbuss
A human trading error at a major firm was the root cause of Thursday's sudden, 9 percent selloff in U.S. stocks, sources told CNBC. Multiple sources said a trader entered the letter "b"—as in "billion"—when he or she meant to type "m," for "million,"...
well if so he entered a damn good letter ... I got a +340 last week. I wish he entered " Tr " instead of " M ".
Discipline + Patience - Fear - Greed = Success
  • #238,809
  • May 8, 2010 11:11am May 8, 2010 11:11am
rossgreenspan
Epic squawk box of the SP during the crash. Makes the hair on my neck stand. (link to .mp3) http://bit.ly/ct89HR

That was mad,i used to trade the s&p with that squawk in the background,i remember in the 08 crash the pit was ten times louder than that,brings back some good and bad memories though.
You can remain irrational longer than you can remain solvent.
  • #238,810
  • May 8, 2010 11:17am May 8, 2010 11:17am
Quoting macsetta
To tell you the truth I don`t.... Or maybe opens there but slowly will come back down. The market and the investors are great pretenders when pretend to believe that everything is nice and good, but now all is so uncertain... But I am also curious about people`s opinion about that. Does anyone think that it goes quickly back up to 1.3 levels?
No, what defender plan do they have? It's all BS, if they do QE it devalues the currency. So how are they going to defend unless they give money to Greece, then to Portugal, Spain and the rest. And how about Italy, they are going to be a worse problem then Greece b/c they are a bigger economy and higher % of EU combined than Greece. So how much money is Germany going to be able to take from themselves and give to all the debtbeats?
  • #238,811
  • Edited 11:43am May 8, 2010 11:27am | Edited 11:43am
Quoting SkyzerFX
Ha-ha-ha .. That's exactly what's going to happened. Why you think

they approve package over the weekend? Watch those shorts go

belly up on Monday..
The Greece package was approved midday New York session Friday, that is why it bumped up after noon eastern time...this is old news already reflected in the move from low 1.25 to closing friday.

What is new is this new pumping that all eurozone countries united to defend, but they don't say how they will do that. Let's see how the big boys defend the record short positions and who can endure.

After all this BS weekend pumping it is up only about 10 pips from closing, so this defender alliance is not having much effect.

The ECB does on Sunday what Fed did on that Sunday in March for JPMorgan-Bear stearns. 1.2350 is next stop $EURUSD $$
http://business.timesonline.co.uk/to...cle3564479.ece
  • #238,812
  • May 8, 2010 12:04pm May 8, 2010 12:04pm
Quoting gatorinla
Gap up?? what if it gaps down?? confidence is everything. the king has no clothes.
Yeap, retail is assuming that it must gap up...nothing is a must in this business...I will like to hear what this defender plan entails LOL
  • #238,813
  • May 8, 2010 12:10pm May 8, 2010 12:10pm
Quoting SkyzerFX
Well yes, but this take years so it's just gradual rise. And what we

got now it's over hyped collapse.. This all Greece situation is a joke..

I don't know when, but world will go back

shorting Dollar as usual, ones things get better.. Right now it's sitting

just below that long term bear TL it's going to get back down there:
You should consider this weekly chart before swimming against the current
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  • #238,814
  • Edited 12:30pm May 8, 2010 12:14pm | Edited 12:30pm
Just seeing eu monthly chart , it back to the C failure in feb 2009 & virtually broke first time the monthly close candles , may see to the extreme area of 1.2455 break as last supply . so price test this area before go to the demand back at 1.2973 & continue all down . Not much room fore any great bounce perhaps.feb 2009 may not back again & again.
And one thing with the previous C failure there started unfolding the next wave & with break it will confirm wave unfolded to the down .
lets see what waiting for us to see .
One thing they all see the chart , more clearly & advanced way with much advanced datas access as to where market to go & do & in doing what fundamental changes may need to ,so Greece drama is only a drama , if greece able to excape default Germany may to happen this or more disastrous things may hit eurozone in the form of one or the other .Nothing happened by night.They were lucky so far , they found Greece as skape got.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #238,815
  • May 8, 2010 12:32pm May 8, 2010 12:32pm
Quoting Atlast
You should consider this weekly chart before swimming against the current
Thanks , I wanted to post a chart like this seeing chart from sky , even after a retracement it can go break the utl to 90 & up this time.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #238,816
  • May 8, 2010 12:34pm May 8, 2010 12:34pm
Gap on Sunday? Yes, gap down, right now is 50 down from closing LOL
http://www.fxstreet.com/rates-charts...tes/?default=y

Bring on the defenders
  • #238,817
  • May 8, 2010 12:41pm May 8, 2010 12:41pm
Quoting wwwin
Gap on Sunday? Yes, gap down, right now is 50 down from closing LOL
http://www.fxstreet.com/rates-charts...tes/?default=y

Bring on the defenders

lol
  • #238,818
  • Edited 3:13pm May 8, 2010 1:13pm | Edited 3:13pm
So even if the EU does as it says and has a bail out package summed up before the Asian open, you still think the Euro is still on the downward path?

I would think it would get a temporary bump up and then continue down.
  • #238,819
  • May 8, 2010 1:19pm May 8, 2010 1:19pm
larger usd bull to follow for MT(3-5yrs)
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  • #238,820
  • May 8, 2010 3:22pm May 8, 2010 3:22pm
http://huff.to/bUY3Ja Huffpost - Trader FREAKS OUT during Webinar as stock market crashes (video).

Can't hate him for profiting at from the fall.
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