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  • #418,521
  • Apr 6, 2011 1:52pm Apr 6, 2011 1:52pm
Quoting sisse
When sausage are exhausted the sausage producer will invent (like every single time in economic history) hamburgers and they will sell them to the same old sausage consuming countries...

In simple words, what you are defining is just markets in action. There was, is and always will be something else to create an economic advantage and only the well prepared and stronger will survive...the rest...well they will keep borrowing money to eat sausages.
What if sausages were wind turbines?

American Superconducter Plummets After Announcement Of Order Cancellation To Biggest Chinese Customer Due To Overinventory

"April 5 (Reuters) - American Superconductor Corp , which makes electrical systems for wind farms, said it will post a loss in the fourth quarter, as a slowdown in China's wind power market forced its top customer to refuse shipments.

Shares of AMSC tumbled about 50 percent in after-market trade, after China's Sinovel Wind , the world's third-largest wind turbine maker, refused to accept contracted shipments of some wind turbine components. AMSC also said it is reviewing its books after Sinovel failed to pay for certain contracted shipments worth about $56 million, which it has already accounted for."
  • #418,522
  • Apr 6, 2011 1:56pm Apr 6, 2011 1:56pm
Quoting kenfen69
Gotta be Euro bullish! Greece was...Ireland was. Spain...nearly 20% unemployment...banks already seeking assistance. Its a buy folks...buy, buy, buy!
Amazing aint it
  • #418,523
  • Apr 6, 2011 1:57pm Apr 6, 2011 1:57pm
Quoting kenfen69
What if sausages were wind turbines?

American Superconducter Plummets After Announcement Of Order Cancellation To Biggest Chinese Customer Due To Overinventory

"April 5 (Reuters) - American Superconductor Corp , which makes electrical systems for wind farms, said it will post a loss in the fourth quarter, as a slowdown in China's wind power market forced its top customer to refuse shipments....
as usd sinks verses euro... the Asian currencies pegged to the usd sink also. so Asia buys less ez products. the pain almost all goes to the sausage countries. since they are the exporter of the fart fans.
those who can, do. those who cant, talk about those who can
  • #418,524
  • Apr 6, 2011 2:10pm Apr 6, 2011 2:10pm
Euro going up because Gold is going up because Portugal needs a bailout...Nice...Article I saw said the timing is very interesting with the E/U at $1.43 - easier to pay back w/a lower E/U? TT
  • #418,525
  • Apr 6, 2011 2:12pm Apr 6, 2011 2:12pm
ending half of my positions closing on 269pips this half a week. not happy not upset. still got more to come.

green pips to all
  • #418,526
  • Apr 6, 2011 2:13pm Apr 6, 2011 2:13pm
Quoting paul1
If you would like to hold longer term buy psalm oil ,its used in all fast foods .
we are junk food addicts ,who doesnt eat macdonalds or kentucky when we start moving out of reccession proper ,demand for this vital product will rocket ,there are currently plans to times production four fold .
Its used in ready meals and all that good stuff ,google it .
Bloomberg probably wont talk about it lol,at least not till it reaches its peak .and they want sell some to you .
Too true,but I my nerves can't hold for that long. Though I'm not obese (I'm only around 164 because I run everyday),the entire attitude here is wrong when it comes to this topic. People say they're making it hi priority to combat it,but actions are the opposite. It's almost like they embrace it. Wouldn't suprise me if some kids' first sentence is "where's the dollar menu?"My parents (both educators) informed me that physical education is no longer everyday.So kids go to school,eat the horrible crap they give for lunch,take a mandatory nap(up to the third grade), and go home to play video games.Owell. Since I can't do anything about it I might as well buy sugar and palm oil and make profit.

Also,it's gonna be AT LEAST another two to three years before we start to see any sort of REAL recovery.I was talking with one of my advisors (who has a phd in mathematical economics) almost a year ago and he pulled up some cool but scary charts and stats about not just the US economy,but the global economy. To make up for all the jobs lost we would have to start getting a steady increase of double what the report was at the time.I think we had it worked out to be at least 6%.You have to remember that the nfp doesn't include those like me who are no longer looking for a job.Believe me that is a BIG number.

We're in the middle of a lost decade,weather people want to accept it or not.Remember, the housing market in my eyes still hasn't made a REAL bottom yet either.I honestly don't see this as a recession.I've decided to call it "The Great Correction."When you have people who are cashiers at Wal-Mart(not that I'm putting them down) able to buy a $130k house with little or no cash down,what'd you expect would happen?


I was just wondering,where do you watch all the other different markets during the day?
  • #418,527
  • Apr 6, 2011 2:15pm Apr 6, 2011 2:15pm
Quoting gatorinla
as usd sinks verses euro... the Asian currencies pegged to the usd sink also. so Asia buys less ez products. the pain almost all goes to the sausage countries. since they are the exporter of the fart fans.
Yeah...China doesn't fak around. They just buy Europe...fak their products...

COSCO acquires rights to Athens port

I've been trying to find any other companies affected by the Sinovel Wind situation...so far, American Superconductor is all I find. China has been stockpiling goods, natural resources etc for so long...it is quite frightening to to think of the effects if this were a trend that was to continue.

I'm not a doomsdayer myself, but some say WW3 has already begun. Perhaps it has?
  • #418,528
  • Apr 6, 2011 2:16pm Apr 6, 2011 2:16pm
Quoting Ineedpips9
Nice post. I had a similar post a long while back about how if I watched the charts all day I would let emotions get the best of me and close a trade if I had a suddenly spike against me,only to see if I had left it alone it would turn profitable.Alot of times it would hit my original target.Then you play the "I have to make those pips up" mode and double my losses rather quickly.
I still struggle sometimes trying to find good mm practice that allows me to have a worse case scenario where all my trades hit sl and be only a certain %,yet still...
I can tell you from my trading, entering a full position size with tight stop wont solve it .
For me that proved high risk entry with high risk of stop taking you out .

I use stuff i know like atr for this pair 120 pips.
Personally I wouldnt leave a trade were the ATR would hurt to hard .I do not trust stops because sudden spikes are what normally would take you out and this is when a stop cannot be gauranteed.
So when not monitoring I'd reduce size so that ATR will not hurt to much.Preferably just reduce my profits.
making green pips large and red pips small this is my goal.
  • #418,529
  • Apr 6, 2011 2:21pm Apr 6, 2011 2:21pm
Quoting kenfen69
Yeah...China doesn't fak around....
they bought all the Russian navy would sell.
those who can, do. those who cant, talk about those who can
  • #418,530
  • Apr 6, 2011 2:25pm Apr 6, 2011 2:25pm
Quoting gatorinla
they bought all the Russian navy would sell.
  • #418,531
  • Apr 6, 2011 2:27pm Apr 6, 2011 2:27pm
Quoting paul1
I can tell you from my trading, entering a full position size with tight stop wont solve it .
For me that proved high risk entry with high risk of stop taking you out .

I use stuff i know like atr for this pair 120 pips.
Personally I wouldnt leave a trade were the ATR would hurt to hard .I do not trust stops because sudden spikes are what normally would take you out and this is when a stop cannot be gauranteed.
So when not monitoring I'd reduce size so that ATR will not hurt to much.Preferably just reduce my profits.
I hear ya. What normally do if I'm out for most of the day is place my trade if its there on fibre/usdchf,cable,ej,gj, and my aussie pairs.But, I break it down to where the open positions added up equal what one lot would be if I were just trading one pair at time. Not familiar with using average true range (I'm assuming thats what you mean by atr) but my ea has been set to a sl of 40 and take profit anywhere from 10 to 30.Both tp and sl are in stealth mode so my broker can't see it.Haven't had that problem too much with oanda's mt4,but ibfx has left me paranoid about hunting.
  • #418,532
  • Apr 6, 2011 2:27pm Apr 6, 2011 2:27pm
Come on now...this is sickly humorous...

91.3% Correlation Between Foodstamp Usage And The S&P, Or How "Wealth Effect" = "Poverty Effect"

If you can't laugh at the state of things...we're all well and truly fakking doomed!
  • #418,533
  • Apr 6, 2011 2:32pm Apr 6, 2011 2:32pm
Portugal PM's speech was cut off mid sentence! Should resume soon. But...

So far the market seems to like it!
  • #418,534
  • Apr 6, 2011 2:34pm Apr 6, 2011 2:34pm
Quoting kenfen69
Portugal PM's speech was cut off mid sentence! Should resume soon. But...

So far the market seems to like it!
US could announce a 2bp rate hike and EU would still go up... easiest trade in the world lately...
  • #418,535
  • Apr 6, 2011 2:37pm Apr 6, 2011 2:37pm
Quoting Ineedpips9
Too true,but I my nerves can't hold for that long. Though I'm not obese (I'm only around 164 because I run everyday),the entire attitude here is wrong when it comes to this topic. People say they're making it hi priority to combat it,but actions are the opposite. It's almost like they embrace it. Wouldn't suprise me if some kids' first sentence is "where's the dollar menu?"My parents (both educators) informed me that physical education is no longer everyday.So kids go to school,eat the horrible crap they give for lunch,take a mandatory nap(up...
First can i say initial entry is the most risky one ,make it small if your still nervous make it smaller .if it moves against you so what.
Now if it goes the way you thought add keeping the average as far from the action as you feel comfortable with . base your profits from your average. if your in a trend add when your real confident ,reduce as you feel hesitant .

Entering full size right in price action would be to nerve racking for me i like to be as far away as possible.

For example adding one lot to 10 wont move my average much therefore my average stays away for the battle zone lol 30 pip spikes either way dont mean squat.
making green pips large and red pips small this is my goal.
  • #418,536
  • Apr 6, 2011 2:38pm Apr 6, 2011 2:38pm
Is going to talk at 8:40 PM


Quoting kenfen69
Portugal PM's speech was cut off mid sentence! Should resume soon. But...

So far the market seems to like it!
  • #418,537
  • Apr 6, 2011 2:39pm Apr 6, 2011 2:39pm
Quoting fldash
US could announce a 2bp rate hike and EU would still go up... easiest trade in the world lately...
Oooooohhhhh...I'd take that bet!
  • #418,538
  • Apr 6, 2011 2:43pm Apr 6, 2011 2:43pm
My view on the EURUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 112 KB
  • #418,539
  • Apr 6, 2011 2:43pm Apr 6, 2011 2:43pm
Portuguese bailout confirmed
  • #418,540
  • Apr 6, 2011 2:43pm Apr 6, 2011 2:43pm
Trichet has got to be effin and blinding! Less than 24 hours before he has to go out there and give the world the biggest crock of shit...things are progressing so well, we gotta raise rates!

Epic!
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