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  • #242,381
  • May 15, 2010 3:21pm May 15, 2010 3:21pm
Quoting deeZG
Thanks mate

You won't believe it: i had opened position on Friday night and I slept before market close

Luckily it's not a big position but still, want to see what's going on. And since I never leave positions over the weekend I have never had a need for these over-weekends-rates-monitoring
I wish you the best my friend...hope sunday receives you with green pips!!
I'm off to party!! Greetings, see you on sunday!!!!
  • #242,382
  • May 15, 2010 3:30pm May 15, 2010 3:30pm
Quoting maurofx
I wish you the best my friend...hope sunday receives you with green pips!!
I'm off to party!! Greetings, see you on sunday!!!!
Thank you very much

It is green so far...will see what's gonna happen tomorrow.
big numbers are our friends...
  • #242,383
  • May 15, 2010 3:35pm May 15, 2010 3:35pm
Quoting deeZG
Thank you very much

It is green so far...will see what's gonna happen tomorrow.
ROFLMAO! I just thought of a cool idea to take advantage of the euro intervention. Take a long position on Friday and wait for the gap up on Sunday to sell. Actually, that's very risky but an entertaining idea.

I wonder if dreams have any validity though because I had a dream that the euro had a huge gap down and kept plunging one day. Then I woke up wondering what to do in such a situation.
  • #242,384
  • May 15, 2010 3:47pm May 15, 2010 3:47pm
Quoting clambill
ROFLMAO! I just thought of a cool idea to take advantage of the euro intervention. Take a long position on Friday and wait for the gap up on Sunday to sell. Actually, that's very risky but an entertaining idea.

I wonder if dreams have any validity though because I had a dream that the euro had a huge gap down and kept plunging one day. Then I woke up wondering what to do in such a situation.
LOL!! man if you are dreaming with the market take a break!! LOL!! I dreamt last week EU going to parity after Germany left EZ...and btw I was short wouldn' that be nice??
Now I'm gone!
Enjoy your weekend!!
  • #242,385
  • May 15, 2010 4:50pm May 15, 2010 4:50pm
Just a loose thought #650
  • #242,386
  • May 15, 2010 5:53pm May 15, 2010 5:53pm
Quoting clambill
Does anybody know how the EU trades the euro during the weekend? I'm amazed there still pumping it up. Gee, 1.2450
The higher the weekend gap up, the harder we will go down.

Minimum level of 1.23420 ( edited, sorry )
  • #242,387
  • May 15, 2010 6:27pm May 15, 2010 6:27pm
Quoting Ulterior
The higher the weekend gap up, the harder we will go down.
and man did we go down!
  • #242,388
  • May 15, 2010 6:37pm May 15, 2010 6:37pm
hi traders, this nis my first time posting a comment even though im a regular user of forex factory.Couldnt help but wonder about the trader who was up 100 pips and lost it because he was waiting for 50 more .To me that there surely defies logic.I feel sympathetic though hope you learn from it because i sure did. some traders at the end of the month dont even make a pip and there you go 100 all at once " for God sake take it!
  • #242,389
  • May 15, 2010 7:02pm May 15, 2010 7:02pm
Anyone here has information about Germany leave Euro Zone ? Which website can i read it ?
  • #242,390
  • Edited 8:59pm May 15, 2010 8:19pm | Edited 8:59pm
Hello, I am from Portugal, We are in a very difficult situation here, In the last 20 years we have been governed by the so called socialist party most of the time.

Socialism never worked anywhere, why should it work here???

You have no idea how they are, they spent billions and billions of eur we did not have in the first place, in fancy construction projects built by companies owned by their friends, in massive wellfare programs , in high end football stadiums, meanwhile, we are being taxed without mercy, I forgot to say corruption is RAMPANT among the political class.

Justice does not punish corrupt politicians, itīs a fact.

The middle class is being robbed to pay for the debt and the wellfare, I refuse to be explored, all my family went out of here and I should follow them as soon as possible.

Now they want to spend billions in a new High speed train, and their "political adversaries" will do nothing about it, not to mention the commies will give them full support.

When the wellfare money finally ends Iīm sure those lazy bandits will roam the streets burning cars and destroying everything on their way.

So this is the main problem about the yuro: Germany and the BCE have no power at all...

Nobody rules Europe!

Portugal is a joke right now.

I hope this post showed you what is going down here, Thank you all for what you have teached me, thank you Gator!
  • #242,391
  • May 15, 2010 9:00pm May 15, 2010 9:00pm
Barata,
Would you accept a situation where Portugal's budget was controled by the EU? Would people in your country accept that? Like if the EU was just one large country?

The only possible solution I think is to let countries like Greece default. Either nationalization or defaulting.
  • #242,392
  • May 15, 2010 9:13pm May 15, 2010 9:13pm
Quoting clambill
Barata,
Would you accept a situation where Portugal's budget was controled by the EU? Would people in your country accept that? Like if the EU was just one large country?

The only possible solution I think is to let countries like Greece default. Either nationalization or defaulting.

I would welcome it, other people I donīt know, remember this government was elected for a second mandate a few months ago...
  • #242,393
  • May 15, 2010 9:24pm May 15, 2010 9:24pm
Any comment for monday market open ? I have a long position , and i'm worrying about it.
  • #242,394
  • May 15, 2010 10:00pm May 15, 2010 10:00pm
Quoting Barata
I would welcome it, other people I donīt know, remember this government was elected for a second mandate a few months ago...
Thank you for posting bud. Welcome to the forum.


It's always nice to hear from people actually living over in the actual situation and hearing what the news doesn't necessarily tell us...

Take care,

Donnie
  • #242,395
  • May 15, 2010 10:04pm May 15, 2010 10:04pm
Quoting TheLastCoke
Just a loose thought #650
Slippery slope conditions, so I wouldn't wait for channels. Though I'd love it if the channel came to fruitition .

Quoting takeprophet
hi traders, this nis my first time posting a comment even though im a regular user of forex factory.Couldnt help but wonder about the trader who was up 100 pips and lost it because he was waiting for 50 more .To me that there surely defies logic.I feel sympathetic though hope you learn from it because i sure did. some traders at the end of the month dont even make a pip and there you go 100 all at once " for God sake take it!
Easy to say in hindsight. I imagine he probably should've taken some off the table and/or moved up the stop, but I can't say for certain without knowing the reason and anaylsis of the trade. But to suggest he should close out the trade at +100 for the sake of it is silly.

A few times I've heard traders state that one can't go broke by taking a profit, but that's not true at all. We profit by minimising loss while maximising gain, and harming our gain at the very least lowers our longterm profitability, and possibly destroys it altogether. We should always aim to maximise our profit, so if he thought there was 150 on the table, he should have stayed until at least 150, or until his analysis tells him that 150 is no longer likely.

He shouldn't just close the trade because it was "enough". Do you know who settles for "enough"? The struggling and mediocre traders. Do you know who doesn't? Great traders. The elite in any field hammer home their advantage, while the lesser players settle for less.

I'm not suggesting he was right, but that your suggestion was wrong.
  • #242,396
  • May 15, 2010 10:09pm May 15, 2010 10:09pm
Quoting erap

Next is 1.2330

EURUSD: Waiting For The 1.2328 Level To Break?

http://www.fxtechstrategy.com/index....d=58&Itemid=29
  • #242,397
  • May 15, 2010 10:20pm May 15, 2010 10:20pm
Quoting uraceulose
Interesting info on Greek cuts:

20% pay cut for all public/government workers

10% cut in pension

VAT(value added tax) increase from 19% to 23%

30% increase on alcohol/tobacco

I just watched a bloomberg interview...90% of Greek bonds that were sold are owned/were bought by German and French banks..90%!!

Will the Greeks really just go for all these cuts instantly?? Please!! This is a people that all want(ed) to work for government because of pay/benefits...

You think they're all just gonna go out and start their own business/invent services...
who would of thunk it?
those who can, do. those who cant, talk about those who can
  • #242,398
  • May 15, 2010 10:23pm May 15, 2010 10:23pm
Quoting wwwin
Yes, but it seems that the US is going to have to bail out the EZ, so who is going to bail out the US after all is said and done? Did not the US sort of bail out Europe during WWII? Who joins the US in wars? Maybe UK sends small troops and that's about it. Nobody is going to bail out the US, b/c they won't want to and also b/c they cannot.

So, I am not saying that it is going to happen now, I believe the EU keeps going down more. But perceptions and confidence change. See below daily chart, when the daily trend line is convincingly broken, then...
china aint all its cracked up to be.. india is the next lion. they have commodities.
those who can, do. those who cant, talk about those who can
  • #242,399
  • May 15, 2010 10:32pm May 15, 2010 10:32pm
Quoting mfoste1
Ill move out of this country before i ever deposit 30% with the irs on funds that ive expatriated over 50k....This country is full of crooks that brew up strange ideas in their F**** up heads. Once people find out how the government really works, ppl wont stand for it any longer. A lot of unemployed people means more people to riot. Im not saying this will happen anytime soon, maybe not in my lifetime. But when it does, watch out. This is literally the basis of history for the US---Pulling down the curtain over the publics head and manipulating...
better read your history books.. there was another president who left the borders open. and called his grand children "the brown ones." some people have selective memory.. those guys were fighting for all your saying to get people to pick your vegetables ect. Go back a few decades..
those who can, do. those who cant, talk about those who can
  • #242,400
  • May 15, 2010 11:25pm May 15, 2010 11:25pm
From Thomson Reauters

This month"s slide has taken prices below their 100-month MA line for the first time since using them as support in Aug and Sep 2003. The last time there was a clear breakdown below the MA was in Jan 1997. That month the price fell from 1.2715 to 1.1805 and did not bounce meaningfully until the Aug 1997 low at 1.0345. There was an attempt in Oct 1998 to post a monthly close above the MA, which by then was falling, but to no avail. The subsequent collapse in prices ended in Oct 2000 at 0.8225. The total fall from the initial break of the 100-
mo MA at 1.2173 to the 0.8225 low was 32.4%. If the same size slide were to occur with the current 100-mo MA break, the target would be 0.8580, quite close to the Jan and Feb 2002 swing low.


Cheers,
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