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  • #337,001
  • Dec 1, 2010 12:24pm Dec 1, 2010 12:24pm
Quoting paul1
Unbelievable they are denying the comment that caused the spike now .
source ransqauwk.com
what's the link
  • #337,002
  • Dec 1, 2010 12:24pm Dec 1, 2010 12:24pm
Quoting FX-Petra
It is my understanding that the US has profited by lending the banks money. All the money repaid so far has been with intrest. Maybe we can lend EU some $ and make some profit off of them. I say lend them a trillion. All it costs US is the cost of printing. Yes, it will devalue the dollar, but that is happening anyway.

Regards,

And there is MBS (mortgage-backed securities) bailout needed soon... ..don't forget.
  • #337,003
  • Dec 1, 2010 12:26pm Dec 1, 2010 12:26pm
Quoting TudorJonesJR
lol glad i didn't take fake breakout up, falling like a brick bye bye euro
ha ha ha ... yes ... I had a limit order tripple amount of my short positions at 3101 ... so it reversed my shorts from 3157 (BE) ...

now flat at 1.3114 ... all positions unwinded ... with a 'Rutsche Order' ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #337,004
  • Dec 1, 2010 12:26pm Dec 1, 2010 12:26pm
Quoting cloggie
Aren't these breakouts fun to trade if you are mindful of the fakeouts, they can be very profitable.
yes your right... i was unprepared... looking for shorts @ 1.302
  • #337,005
  • Dec 1, 2010 12:27pm Dec 1, 2010 12:27pm
Quoting gstrange
Am I the only person on this forum who had no clue that this upward movement was about to happen?

Could the posters who are congratulating each other or their brilliant long positions, please explain why they took such a position - or was it perhaps just lucky timing?

And please, no comments about fakeouts etc... The fact is that we had a huge 10 minute bull run in the middle of a huge downward movement. If anyone was able to see something in the charts, stars or anywhere else, please share.

Apologies for my cynicism, I would just like to...
2
  • #337,006
  • Dec 1, 2010 12:27pm Dec 1, 2010 12:27pm
Quoting Clouds
what's the link
http://ransquawk.com/live
making green pips large and red pips small this is my goal.
  • #337,007
  • Dec 1, 2010 12:30pm Dec 1, 2010 12:30pm
Quoting mikej2010
Actually U.S. just announced they might be putting even more funds into the IMF.

we fund the IMF, so we are bailing out Europe essentially ... still.
we do help fund it. we are a member.
whats the source of the "more money" quote?
those who can, do. those who cant, talk about those who can
  • #337,008
  • Dec 1, 2010 12:31pm Dec 1, 2010 12:31pm
The spike has given us a difficult time to judge to do what from here that is forex .
  • #337,009
  • Dec 1, 2010 12:31pm Dec 1, 2010 12:31pm
Quoting gstrange
Am I the only person on this forum who had no clue that this upward movement was about to happen?

Could the posters who are congratulating each other or their brilliant long positions, please explain why they took such a position - or was it perhaps just lucky timing?

And please, no comments about fakeouts etc......
That is exactly the whole point, breakouts of ranges/support zones after a failed test to the opposite side are exactly the kind of setups you are looking for. The fact that the IMF bailout rumour helped in exacerbating the resultant move is just a bonus, who cares. Did I expect a 50+ pip bar on the M5, of course not, am I complaining? Why would I, you always get the largest moves when the technicals and fundamentals are pulling in the same direction.

Right now we have had a definitive break of the upper zone and the day's TL set by Asia, after a fakeout. Next target will be the lower zone unless we form an intermediate one in between which is not likely this time of day.
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  • #337,010
  • Dec 1, 2010 12:31pm Dec 1, 2010 12:31pm
Quoting FX-Petra
It is my understanding that the US has profited by lending the banks money. All the money repaid so far has been with intrest. Maybe we can lend EU some $ and make some profit off of them. I say lend them a trillion. All it costs US is the cost of printing. Yes, it will devalue the dollar, but that is happening anyway.

Regards,
It is a little bit more complicated then that. We didn't make any money off of it no matter what they say.

If you calculate interest lost, insured money lended out {after all of this, the bailout was still 100% insured just like before against 'bad' bets}.

& in bonds, etc & the restructuring of those rather it be more bonds or interest added, etc.

I stated before, many don't know those but 'accounting' is completely different for 'not-for-profit' accounting aka gov't & such. In this type of accounting, money is just funneled around and transfered around.

but in the end - IMO all of these bailouts are NOTHING more then paying back insured bad bets {being the investors from Europe, Asia, etc} with banks being the middle man. Banks made their money by selling insured loan packages, they made money but those loans flopped ... they were insured so banks are receiving lawsuits from the investors & who insured all of these...

the U.S. gov't. So as more lawsuits come in, I see more QE if settlements can't happen.

This is all very basic in IMO strictly.
  • #337,011
  • Dec 1, 2010 12:32pm Dec 1, 2010 12:32pm
Quoting PayTheLimit
btw who busted this guy?
I wasn't trying to hurt nobody
"If The Fool persists in his Folly he will become wise." - William Blake
  • #337,012
  • Dec 1, 2010 12:34pm Dec 1, 2010 12:34pm
Quoting The Fool
I wasn't trying to hurt nobody
who was he going by before?
Look Sharp/Trade Tight
  • #337,013
  • Dec 1, 2010 12:34pm Dec 1, 2010 12:34pm
Quoting TudorJonesJR
yes your right... i was unprepared... looking for shorts @ 1.302
I was in the same situation than you. Thanks to cloggie, this has been a valuable lesson on fakeouts...
  • #337,014
  • Dec 1, 2010 12:34pm Dec 1, 2010 12:34pm
Quoting cloggie
That is exactly the whole point, breakouts of ranges/support zones after a failed test to the opposite side are exactly the kind of setups you are looking for. The fact that the IMF bailout rumour helped in exacerbating the resultant move is just a bonus, who cares. Did I expect a 50+ pip bar on the M5, of course not, am I complaining? Why would I, you always get the largest moves when the technicals and fundamentals are pulling in the same direction.
i think he is talking about another's chart,
those who can, do. those who cant, talk about those who can
  • #337,015
  • Dec 1, 2010 12:34pm Dec 1, 2010 12:34pm
very strong day of the stocks - even if the eur could recover only a part of his gains and is heading to south again...
Pecunia non olet
  • #337,016
  • Dec 1, 2010 12:35pm Dec 1, 2010 12:35pm
basically now we can expect a return to 1.3070 or slightly below which is were the news was reported.

Would you guys/dolls agree?
making green pips large and red pips small this is my goal.
  • #337,017
  • Dec 1, 2010 12:36pm Dec 1, 2010 12:36pm
Quoting paul1
http://ransquawk.com/live

Jawohl ...

Here it is ... what those members were asking for ... from your squawk box like services ... reminds me on squawk boxes in some rooms ...





EUR/USD moves to fresh session high after US official said the US will back a larger European Stability Fund via increased IMF commitment

FX COMMENTARY

Source: RANsquawk
Wed, 17:56 01-12-2010
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #337,018
  • Dec 1, 2010 12:36pm Dec 1, 2010 12:36pm
Quoting PayTheLimit
who was he going by before?
I just said he reminded me of acumen, that's all - so I guess he was?

Is?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #337,019
  • Dec 1, 2010 12:38pm Dec 1, 2010 12:38pm
Quoting gatorinla
we do help fund it. we are a member.
whats the source of the "more money" quote?
Sorry, I mistyped, I meant they announced they would not be, and then I said we are still essentially bailing out Europe because we are the main contributor to the IMF.

I don't think we are contributing to the IMF because we want to change the way the international monetary programs work.

it was in the WSJ that they said a source claimed that there would be no contributions.

But if we don't get China to 'go with the flow', I can see the U.S. contributing in the next few years again in the big term as these European loans are just pushing off the inevitable.
  • #337,020
  • Dec 1, 2010 12:38pm Dec 1, 2010 12:38pm
Quoting FX-Petra
It is my understanding that the US has profited by lending the banks money. All the money repaid so far has been with intrest. Maybe we can lend EU some $ and make some profit off of them. I say lend them a trillion. All it costs US is the cost of printing. Yes, it will devalue the dollar, but that is happening anyway.

Regards,
funding competition? not my idea of a free market. everybody gets a trophy. nobody fails.
those who can, do. those who cant, talk about those who can
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