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  • #238,821
  • May 8, 2010 5:34pm May 8, 2010 5:34pm
Quoting croasan
http://www.zerohedge.com/article/nea...et-casino-scam
All traders should be aware of this.
  • #238,822
  • May 8, 2010 6:01pm May 8, 2010 6:01pm
Hope no one left a short open over the weekend

http://www.bloomberg.com/apps/news?p...NVxfKbAw&pos=1
Its all in the mind.
  • #238,823
  • May 8, 2010 6:13pm May 8, 2010 6:13pm
Quoting Jhig
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.
LOL, that is funny, well I hope they quickly closed the trades, otherwise only paper profit most of which quickly evaporated...the guy sounds like an snakeoil salesman teaching a seminar, wonder if he was really short. He did not say that they were short, he kept screaming that he told about this 2 weeks ago. Sounds more like poster coming in after the fact saying they told you so, not a trader.
  • #238,824
  • May 8, 2010 6:24pm May 8, 2010 6:24pm
Quoting 5abi
Hope no one left a short open over the weekend

http://www.bloomberg.com/apps/news?p...NVxfKbAw&pos=1
Well closed shorts on thursday and reloaded late friday...not worried, it could have a little bounce, or could actually be ignored by traders as it is all BS, going down to 1.2350 as next stop.
So what are they going to do with their little fund? Save the world? LOL
They are desperate...and remember in 2008 when Congress was going to approve the bailout, it went a little up before the bailout, and when approved, it actually sold off. Same thing is going to happen here. My humble opinion.
  • #238,825
  • May 8, 2010 6:41pm May 8, 2010 6:41pm
may be. actually depend on your account size and leverage etc. but then there are other factors. sell off has been pretty rapid and world is in a better shape than a year ago. if everyone is selling then there is nothing more left to sell. yada yada.

what is the fun if the world was to end tomorrow. let it range a bit, and prolong the agony (or fun? )


Quoting wwwin
Well closed shorts on thursday and reloaded late friday...not worried, it could have a little bounce, or could actually be ignored by traders as it is all BS, going down to 1.2350 as next stop.
So what are they going to do with their little fund? Save the world? LOL
They are desperate...and remember in 2008 when Congress was going to approve the bailout, it went a little up before the bailout, and when approved, it actually sold off. Same thing is going to happen here. My humble opinion.
Its all in the mind.
  • #238,826
  • Edited 7:36pm May 8, 2010 6:48pm | Edited 7:36pm
Quoting 5abi
may be. actually depend on your account size and leverage etc. but then there are other factors. sell off has been pretty rapid and world is in a better shape than a year ago. if everyone is selling then there is nothing more left to sell. yada yada.

what is the fun if the world was to end tomorrow. let it range a bit, and prolong the agony (or fun? )
the EZ economy would actually be more competitive with a lower euro, what they need is for the bond yields to go down and cost of borrowing to go down, but all they do now is talk about not allowing the euro to go down and to prop it up, as it was going up they were screaming that is was not good for them, now is also not good for them, they sound like cats having sex, they cry when they put it in and they cry when they take it out...
and now Washington is getting involved in this fiasco
http://www.washingtonpost.com/wp-dyn...0803116_2.html
"The risk of going too far: Their effort could backfire if European leaders either tune the Americans out or if their citizens come to blame the United States for unpopular decisions made in responding to the crisis. That could make it even harder for Europe's leaders to contain the crisis."
"
The principal officials involved are Larry Summers, the White House economic aide; Timothy Geithner, the Treasury Secretary; and Lael Brainard, the undersecretary of Treasury for international affairs. Federal Reserve Chairman Ben S. Bernanke has been in frequent contact with his counterparts at the European Central Bank and Bank of England, and has a particularly close relationship with Mervyn King, who heads the British central bank. "

And was it not Geithner not too long ago that kept repeating that it was beneficial for the US to have a strong dollar. Now they have a somewhat stronger dollar, only relative strong if only the last 2 years are counted, historically it is still weak, and now the cats here are also crying when having sex.

What's wrong with eu $$ at par and dollar yen at 200, it's been there before and nothing collapsed. Let Greece default, so what if some banks lose some money...
All this is is propaganda EU style, a/k/a TARP II, the little guy bailing out the banks.

Paulson said the world was ending for TARP I to be approved, now it's time for Zarkosy and Merkel to frighten people, and of course is always the speculators fault...what happened to Goldman Sachs creative hiding of the amount of the Greek debt which is part of the real cause here?

"Speculators beware: The euro zone's biggest powers will back Greece through the debt crisis that has jeopardized all 16 nations in the common currency, French President Nicolas Sarkozy said Sunday."
"Concrete, precise methods exist — ones we don't need to communicate about tonight, certainly not," he said. "But they will allow us — when the time comes — to show that Greece isn't just supported politically but supported in all the aspects of its eventual requests."
http://abcnews.go.com/Business/wireStory?id=10032428
This was a threat in March, I guess the speculators were not too scared.
  • #238,827
  • Edited 7:37pm May 8, 2010 7:15pm | Edited 7:37pm
Quoting mfoste1
larger usd bull to follow for MT(3-5yrs)
Use logic dude, What currency has bigger stake in world-wide reserves?

Let's figure how many %%% are in USD/EUR/GBP/JPY

Ok, here it is based on 2009:

USD 61.5%

EUR 28.1%

GBP 4.2%

JPY 3.0%

CHF 0.1%

(What currency has most Debt behind it? Right, $USD)

Now use your head, who's going to Win in devaluation most and

lose in strenght most? I bet by now there is up to 70% world-wide

suckers

are stocked with piles of $USD.. Why do you think this BS Greece crisis been

propelled so much in world-wide media? I tell you why.. Get more suckers

into $USD reserves and into $USD debt, force those dummies to buy even more

worthless US Paper (Safe Heaven my A$$) , cause Chinese are full of it and aware of this situation.

Period.. Watch what would happens next.. I expect Emerging Markets

to tank for some weeks (Looking for long EEV (Ultrashort Emerg Markets),

to get even more suckers (on the train) to stockpile $USD,

Then Feds going to pull red carpet under all of them at ones..

And devaluate US nominated Debt as fast as possible, to get out of it at

World expense. So far enjoy this freak show it's been pre-paid

and well planned.. Be prepared. ( This is not 3-5 year Horizon I'm talking about here

US Debt levels are not sustainable by any means.. 1 YEAR at most and you'll

see what I'm talking about, that's why Smart people are moving Away from USD assets

as far as possible.. It's coming)

P.S. EUR chosen to be hit first, because it's been already too high against the Dollar

They need to hit it with the stick over the head first (also lower EUR % in

world-wide Reserves and replace it with $USD)..

Next probably Commodity Currencies.. CAD/AUD, need to take down them too, how???

Right, by tanking Markets.. Market down commodities get hit, Doomsters fly into USD

Easy Money..

FEDS won't lose this chance, to return 30-50 cents on the Dollar in Value..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,828
  • May 8, 2010 7:20pm May 8, 2010 7:20pm
Here's a chart... We broke that 38 pretty convincingly...I don't know the stats but it's pretty high that we reach the 50 after breaking the 38..they say when we break the 50, we're due for a full retrace

Attached Image (click to enlarge)
Click to Enlarge Name: delete.gif Size: 52 KB
  • #238,829
  • May 8, 2010 7:27pm May 8, 2010 7:27pm
SkyzerFX, Mulder, is that you ?
  • #238,830
  • Edited 7:43pm May 8, 2010 7:28pm | Edited 7:43pm
Quoting SkyzerFX
Use logic dude, What currency has bigger stake in world-wide reserves?

)
lol, my logic is just fine------you may need to brush up on urs.....you are one of the only people I know of on here that trade with an emotional bias against a currency. What are you trying to say with that post? I couldnt really pull point out of it....What dont you understand---USD isnt in question right now, last time i checked its still the flight to quality and will be for sometime....ok when global markets correct later this year( may have already started), usd is gonna soar along with treasuries which will probably make you shit urself cause ur dollar short.
  • #238,831
  • May 8, 2010 7:39pm May 8, 2010 7:39pm
Quoting mfoste1
USD isnt in question right now, last time i checked its still the flight to quality and will be for sometime....
You looking 2-3 weeks ahead, BUT you'll find out soon What I'm

talking about.. Just give it some time.. At least $1200/oz GOLD saying that All of the Currency

been devaluated, but USD will win this race because DEBT and wold wide-holdings % in USD say so.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,832
  • May 8, 2010 7:43pm May 8, 2010 7:43pm
Quoting SkyzerFX
Use logic dude, What currency has bigger stake in world-wide reserves?

Let's figure how many %%% are in USD/EUR/GBP/JPY

Ok, here it is based on 2009:

USD 61.5%

EUR 28.1%

GBP 4.2%

JPY 3.0%

CHF 0.1%

(What currency has most Debt behind it? Right, $USD)

Now use your head, who's going to Win in devaluation most and

lose in strenght most? I bet by now there is up to 70% world-wide

suckers

are stocked with piles of $USD.. Why do you think this BS Greece crisis been

propelled so much in world-wide media? I tell you why.....
That was then, this is now, coming back home to repatriate baby, you are behind the times.

"Analysts said the euro's breach of $1.30 against the dollar could have an impact on the behaviour of the world's central bank reserve managers, which could drive the single currency lower still as they pondered its status as a reserve currency.
Diversification of global reserve holdings has been a source of support for the euro in recent years as central banks sought to adjust their portfolios away from the US dollar.
Although the exact composition of China's $2,450bn of foreign exchange reserves is a state secret, it is believed that 20-25 per cent are held in euros.
Figures from the International Monetary Fund show that for reserve managers outside China, the allocation of euros in their reserves rose from $97bn in the first quarter of 2002 to $672bn in the fourth quarter of 2009. The latter figure was out of total stockpiles of $2,180bn
Simon Derrick, of Bank of New York Mellon, said that, by comparing the reserve growth in the IMF data with the movement of the euro against the dollar, it could be estimated that reserve managers paid an average of $1.2877 for their euro holdings. "It is clear that, with the break of $1.30, we are entering into some particularly sensitive territory for many long-term investors."
Mr Derrick said that at the very least, reserve managers would be cautious about adding new euro holdings to their portfolios.
Meanwhile, the dollar and yen benefited as rising risk aversion boosted haven demand. The yen rose 0.9 per cent to Y93.68 against the dollar.
The dollar was up 0.5 per cent to $1.5096 on the pound and gained 0.4 per cent to $0.9056 against the Australian dollar."
See Lex
Copyright The Financial Times Limited
http://www.ft.com/cms/s/0/8a4e18e2-5...nclick_check=1
  • #238,833
  • May 8, 2010 7:43pm May 8, 2010 7:43pm
Quoting SkyzerFX
You looking 2-3 weeks ahead, BUT you'll find out soon What I'm

talking about.. Just give it some time.. At least $1200/oz GOLD saying that All of the Currency

been devaluated, but USD will win this race because DEBT and wold wide holdings % in USD say so.
What do you think will happen when the raise the fed funds rate in a few months? It's coming man...
  • #238,834
  • May 8, 2010 7:50pm May 8, 2010 7:50pm
Quoting SkyzerFX
You looking 2-3 weeks ahead, BUT you'll find out soon What I'm

talking about.. Just give it some time.. At least $1200/oz GOLD saying that All of the Currency

been devaluated, but USD will win this race because DEBT and wold wide-holdings % in USD say so.
Im looking a lot further than than my friend....its only time until equities markets unravel again, thursday was just a taste. I gotta secret for you-----there WAS NO TRADER GLITCH, this is real. That is what happens when traders decide to stop hitting the bid button. All this US data coming out is wrong.....I know bullshit when i smell it. Media is trying to piss in everyones pocket and tell em its raining....not me though. Sure USD will ultimately meet its downfall bc of its debt, no question there, but right now its the name of the game and will be for sometime--buying usd and gold
  • #238,835
  • May 8, 2010 7:53pm May 8, 2010 7:53pm
Quoting uraceulose
What do you think will happen when the raise the fed funds rate in a few months? It's coming man...
I'll end on this.. Cause I don't think we are on the same page here..

Tell me when Japanese last time Rise rates? 10 years ago???

"Feds rise in few month.."

Markets turmoil will continue and you can forget about FEDs rising

rates with 10% unemployment and Record Debt for Years, cause it's

not in their interest in the first place.

Have a good night.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #238,836
  • May 8, 2010 7:53pm May 8, 2010 7:53pm
Quoting mfoste1
Im looking a lot further than than my friend....its only time until equities markets unravel again, thursday was just a taste. I gotta secret for you-----there WAS NO TRADER GLITCH, this is real. That is what happens when traders decide to stop hitting the bid button. All this US data coming out is wrong.....I know bullshit when i smell it. Media is trying to piss in everyones pocket and tell em its raining....not me though.
That's right, on Monday they blame the fall on terrorism, then later it's a mistake. LOL. Oh, but don't worry Gensler, the Keystone Cop, is investigating
Inserted Video

I hope he takes a long time investigating and layoff limiting fx margin.


Parity is coming!!! Nice for an inexpensive vacation in Europe.

Analysts said the divergence between the price of government debt for countries at the core of the eurozone, such as Germany, and those on the periphery undermined the euro's reserve status.
Ian Stannard at BNP Paribas said he had revised his projection for the euro against the dollar sharply lower and now expected it to fall to parity by the first quarter of 2011. "European bond markets are no longer a homogenous entity, which has reduced their attractiveness to foreign investors," he said.
Mr Stannard said the net inflow into European sovereign debt markets had collapsed, while central banks, which had been steady euro buyers and bond investors for years, had disappeared from the markets.
http://www.ft.com/cms/s/0/a5831a30-5...44feab49a.html
  • #238,837
  • May 8, 2010 7:57pm May 8, 2010 7:57pm
buddy US books are pretty bad too. I dnt think any1 is gonna raise rates atleast untill 2011.



Quoting uraceulose
What do you think will happen when the raise the fed funds rate in a few months? It's coming man...
Its all in the mind.
  • #238,838
  • May 8, 2010 8:02pm May 8, 2010 8:02pm
Quoting wwwin
That's right, on Monday they blame the fall on terrorism, then later it's a mistake. LOL. Oh, but don't worry Gensler is investigating. I hope he takes a long time investigating and layoff limiting fx margin.

Parity is coming!!! Nice for an inexpensive vacation in Europe.

Analysts said the divergence between the price of government debt for countries at the core of the eurozone, such as Germany, and those on the periphery undermined the euro's reserve status.
[i]Ian Stannard at BNP Paribas said he had revised his projection for the...
exactly......anyone who thinks this pair isnt headed for parity is kidding themselves http://www.forexfactory.com/showpost...stcount=238836

just look how fast it fell from 1.50-1.26, fall from 25-00 might be faster.....all someones (with half a brain) gotta do is look at a monthly chart .

right now most euro markets are like a chic with an std, nobody is touching them with a ten foot pole. I love europe as well, maybe ill plan a vacation there later in the year when its cheap....
  • #238,839
  • May 8, 2010 8:17pm May 8, 2010 8:17pm
anyone ever seen The International ? Im watching it right now, its pretty good.
  • #238,840
  • May 8, 2010 9:20pm May 8, 2010 9:20pm
Good luck to anyone who is so sure about the direction on hearsay and trades it live. It may work out this time maybe but what about tomorrow , next week or next month unless you make your money now and stop trading for good you burn it again the same way.
Look the market sentiment for the period you are trading in and two above for guidance adjust your money management and you come out in front of the game.

i have also may oppinion about the Euro but I certainly don't use it to trade.
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