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  • #356,281
  • Jan 2, 2011 8:52pm Jan 2, 2011 8:52pm
Quoting akhtergroup
Global Marcos are building short positions.

It can happen in a matter of minutes or in months. Knowing what twist to get out and what turn to get back in; is all in the risk management is all about.. positioning is a skill and not something you can buy at home depot. If only it were that simple.
I am waiting to see if the bond vigilantes are still enjoying open season on the eurozone sovereign debt. If the EZ finance heads can do something to keep them at bay then we will be back to the risk-on - E/U positive correlation. Otherwise, not.

FOMC comments this week will be interesting. If Fed heads show any signs of easing up off of QE2 then your call would be in the ballpark - assuming the ballpark is January.

Yeah, I am a Ace Hardware man myself - you get more of that old time small town hardware store service.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #356,282
  • Jan 2, 2011 8:55pm Jan 2, 2011 8:55pm
Quoting The Fool
I am waiting to see if the bond vigilantes are still enjoying open season on the eurozone sovereign debt. If the EZ finance heads can do something to keep them at bay then we will be back to the risk-on - E/U positive correlation. Otherwise, not.

FOMC comments this week will be interesting. If Fed heads show any signs of easing up off of QE2 then your call would be in the ballpark - assuming the ballpark is January.

Yeah, I am a Ace Hardware man myself - you get more of that old time small town hardware store service.
2 things ..

1.
Quoting mikej2010
"China ambassador to Spain: China willing to make positive efforts on Spain Stability"...

WTF happened to bond buying ..

I read this as China saying "Damn our economy is slowing down" ... "Europe ... we ... umm ... are with the IMF on this one .. we will 'support' you /cheer" ...

To early to read to deep into though.

2. Don't forget, this week is suppose to be a buying week {semi-big} for the Fed's QE2, starting Monday.
  • #356,283
  • Jan 2, 2011 8:59pm Jan 2, 2011 8:59pm
hold on for 37 minutes......I am holding buys...market is against me....it's ok for me

I want to tell you hold because You will make your money.......but there are times that I am wrong (very few) and I don't like anyone to buy and sell based on my recommendations....

Usually people's stoplosses are determined before they enter a trade....

I don't know what your situation is ......if you have deep pockets and your account can last for 25 pips....put that as your stoploss.....That is mine....

I couldn't recommend more strongly buy positions now....but I do have all negative opened positions now....LOL

Quoting WallStBully
if a trader were long right now...and is down more then he should be,...would anyone here recommend reverseing or letting go of this bull illusion right now?
  • #356,284
  • Jan 2, 2011 9:00pm Jan 2, 2011 9:00pm
Quoting tonyo524
Thanks Piters, I was looking to see if any other platform had that spike on it.
and T,

for all DOW theory fans.. pay attention
Here,
1266 = 66% retracement.. "the magic number.."

[Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot-47.png Size: 94 KB
  • #356,285
  • Jan 2, 2011 9:02pm Jan 2, 2011 9:02pm
It's about to break, few easy pips potential with tight SL, good r/r...

http://www.forexfactory.com/showpost...stcount=356422
Attached Image (click to enlarge)
Click to Enlarge Name: break.jpg Size: 110 KB
  • #356,286
  • Jan 2, 2011 9:04pm Jan 2, 2011 9:04pm
Quoting Piters
and T,

for all DOW theory fans.. pay attention
Here,
1266 = 66% retracement.. "the magic number.."

[Chart]
Gotcha, I'll mark the post!
All that is left in FF is just plain garbage. "Cloggie"
  • #356,287
  • Jan 2, 2011 9:04pm Jan 2, 2011 9:04pm
Quoting Pipwanderer
thats one mean 4 hour bar closed..

houly close a doji like with low volume.. i wait for confirmation to pick a move...sidelines
houly close a doji like with low volume.. i wait for confirmation to pick a move...sidelines
  • #356,288
  • Jan 2, 2011 9:04pm Jan 2, 2011 9:04pm
Quoting grandpost
I want to tell you hold because You will make your money.......but there are times that I am wrong (very few) and I don't like anyone to buy and sell based on my recommendations....

Usually people's stoplosses are determined before they enter a trade....

I don't know what your situation is ......if you have deep pockets and your account can last for 25 pips....put that as your stoploss.....That is mine....

I couldn't recommend more strongly buy positions now....but I do have all negative opened positions now....LOL
Anything other than the m1 chart is useless to me right now and it's telling me to buy. I'm with you on this one. SL set at 3262 in case of a wild candle or hunt.
Don't Panic. Stay With You're Group.
  • #356,289
  • Jan 2, 2011 9:07pm Jan 2, 2011 9:07pm
Quoting gatorinla
stand on ground, open mouth and hope for golden shower.. it will be the best drink you ever had. spit or swallow on the way to the bank.
They will double up on that golden shower, this was the area on friday that large orders were placed for large south move but instead it only went to 325x before it went to 343x.
It messed me up asit did not make sense for that upmove so now I hope its a long shower from here, this area will be the top in time.
  • #356,290
  • Jan 2, 2011 9:08pm Jan 2, 2011 9:08pm
Quoting mikej2010
2. Don't forget, this week is suppose to be a buying week {semi-big} for the Fed's QE2, starting Monday.
yeah, so what else is new? the european sov debt issues have been driving the E/U and QE2 has basically been a wash...

http://www.newyorkfed.org/markets/to..._schedule.html

http://www.bloomberg.com/news/2011-0...investors.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #356,291
  • Jan 2, 2011 9:08pm Jan 2, 2011 9:08pm
Quoting The Fool
I am waiting to see if the bond vigilantes are still enjoying open season on the eurozone sovereign debt. If the EZ finance heads can do something to keep them at bay then we will be back to the risk-on - E/U positive correlation. Otherwise, not.

FOMC comments this week will be interesting. If Fed heads show any signs of easing up off of QE2 then your call would be in the ballpark - assuming the ballpark is January.

Yeah, I am a Ace Hardware man myself - you get more of that old time small town hardware store service.

The buyers will give the macro shorts better prices by pushing higher and higher in the immediate short run and than they will pull all their orders.

Buying till 1.3380 and greater and switching sides before the vanishing act. Good luck.

P.S. Marco short algos are hungry above 1.33.. it's feeding season
  • #356,292
  • Jan 2, 2011 9:13pm Jan 2, 2011 9:13pm
thank you.....I love doji like........they mark for me a fib turning point or a fib time zone measurement position.....

GREAT GREAT

Quoting Pipwanderer
houly close a doji like with low volume.. i wait for confirmation to pick a move...sidelines
  • #356,293
  • Jan 2, 2011 9:13pm Jan 2, 2011 9:13pm
Quoting gatorinla
i am currently short from the 5m candle. @ 3353 close, with a 1/4 position. i was gonna scale in if 3298 got breached. this would average my short position. it would be above 3298 and i could place a sl above it at b.e. and still be above mpp.
sl at 3299.5... if we get above this.. i say 3325 min

at the same time 3298 may be a great short. with a tight sl tight as 1 pip and the spread.
those who can, do. those who cant, talk about those who can
  • #356,294
  • Jan 2, 2011 9:14pm Jan 2, 2011 9:14pm
read this bull

Thanks to the blizzard, holidays, and so forth, EVERYTHING that occurs in the markets this week is largely irrelevant. Once the holidays end, we’ll be back to reality in short notice.
What’s reality?
The reality is that the situation in Europe has literally reached a fever pitch. We have now progressed to the “contagion” point in which the entire system is at risk versus individual countries. To whit, Ireland has only just been bailed out and already Spain, Italy, Portugal, and Belgium.
What’s truly odd is the fact that anyone is surprised by this turn of events. We played out this exact same drama from 2007-2008 in the US. Throughout 2007 to 2008, Ben Bernanke and Hank Paulson assured us that the Financial Crisis was largely “contained” and would not “spill over” into the US economy.
This charade was maintained even as contagion spread. I recall (as I’m sure you do), that with each successive bailout the problems were deemed solved. At one point, we had weekly proclamations that “the worst [was] over” from various Wall Street CEOs.
Then the whole thing came crashing down.
The clear conclusions to draw from that period in the US are:
1) Each successive bailout will produce smaller and smaller effects until systemic risk hits all at once
2) The world’s central banks are in fact powerless to stop systemic risk once contagion hits
3) The powers that be will do everything they can to maintain the illusion of control despite the clear fact contagion is spreading
4) To the unthinking masses, things will appear to be alright right until we’re literally in the eye of the storm
We now see the same drama unfolding in Europe. It is clear to anyone with a thinking brain that Greece, Ireland and the like will never pay their debts off. Moreover, the European Central Bank (ECB) will not be able to do anything to stop the now accelerating collapse.
Indeed, consider that while Greece and the ECB proclaimed “all is well” for five months, the Euro nose-dived from December (when Greece first caught headlines) until June, when the ECB announced a $1 trillion bailout.
http://static.seekingalpha.com/uploa..._2012_30_1.png
This $1 trillion bailout kicked off a relief rally from June to early November. However, at that point it was clear that:
1) The European situation was much, much bigger than just one country
2) $1 trillion would not be adequate to solve the problem
Since then, the Euro has begun to breakdown in a major way. Timing this breakdown will not be easy. The powers that be will do all they can to intervene and attempt to stop this from happening. However, these interventions ultimately do nothing to change the big picture.
The big picture is that the Euro is on the verge of entering a “systemic risk” period similar to what happened in the US in Autumn 2008. This period will feature accelerating contagion combined with panic selling that will push the Euro down to test its June 2010 low and potentially break it. The long-term Euro chart makes this clear:




http://static.seekingalpha.com/uploa..._2012_30_2.png This break-down in the Euro will coincide with a rally in the US Dollar and a drop in stocks and commodities across the board. If this sounds like 2008 all over again, you’re right, we’ve essentially re-entered that exact environment.
The only difference is that after the collapse is finished, investors will then set their sites on the US Dollar as the next currency to fall. That’s when inflation will accelerate as the US Dollar collapses, destroying purchasing power while inflation hedges EXPLODE higher.
Some, like the most popular picks (Gold and Silver bullion), will records strong gains. However, others, (the ones that 99.9% of the investment world are currently clueless about), will go absolutely parabolic.
  • #356,295
  • Jan 2, 2011 9:15pm Jan 2, 2011 9:15pm
I just got back I went out for dinner, what did I miss?
  • #356,296
  • Jan 2, 2011 9:16pm Jan 2, 2011 9:16pm
Quoting mikej2010
So you were hit by a truck?

I completely missed the moral of the story .. but I would be more then happy to watch monty python {in reference to the holy grail for you newbs} ...

http://www.youtube.com/watch?v=2eMkth8FWno
No, I wasn't hit by any truck but run over by my hacker.

There is no holygrail but RM/MM
The Thief of Wall Street
  • #356,297
  • Jan 2, 2011 9:16pm Jan 2, 2011 9:16pm
Quoting gatorinla
sl at 3299.5... if we get above this.. i say 3235 min

thats the ema200 on m15 lets see if it holds
  • #356,298
  • Jan 2, 2011 9:17pm Jan 2, 2011 9:17pm
suthmo: I thought the trend is heading south?
  • #356,299
  • Jan 2, 2011 9:17pm Jan 2, 2011 9:17pm
Quoting MindfulOne
Anything other than the m1 chart is useless to me right now and it's telling me to buy. I'm with you on this one. SL set at 3262 in case of a wild candle or hunt.
Closed for 4 pips at 1.3289. Those bars were getting hairy.
Don't Panic. Stay With You're Group.
  • #356,300
  • Jan 2, 2011 9:19pm Jan 2, 2011 9:19pm
Quoting The Fool
yeah, so what else is new? the european sov debt issues have been driving the E/U and QE2 has basically been a wash...

http://www.newyorkfed.org/markets/to..._schedule.html

http://www.bloomberg.com/news/2011-0...investors.html
you might enjoy this then ... there are 'exact' numbers out there to.

Japan & China both near 1 trillion in holdings ... Good thing Japan is our 'friend' ...aka 'no military' ...

http://www.treasury.gov/resource-cen...nts/snetus.txt

Also notice how the notes dictate 'Iran, etc' as 'Asian' ... funny how stats work.
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