Gone to a better place
Cable Update (GBPUSD)
- #278,784
- May 10, 2011 2:46pm May 10, 2011 2:46pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
do you remember I said something some days ago about the news and stuff and how I don't trust them 
nice one here.sclaping is better with those idiots in charge
Last Friday’s monthly NFP data wasn’t the only piece of news that hit the tape. By Friday’s last trade the indices had closed unchanged or barely positive because more news from Greece was rattling the European banking sector: if it didn’t get lower bailout rates pronto Greece it threatening to leave the European Union, which would lead to a default of its debt.
The “rumor” was made in a German newspaper that claimed a meeting was being held over the weekend to fashion a solution. When confronted about this rumor, all high ranking European officials denied the meeting was taking place. Moreover, they claimed the very idea was crazy.
As it turns out, the German newspaper was correct and the European officials flatly lied about the matter.
An earlier example of lying is found here and concerned the Portugal bailout http://ca.finance.yahoo.com/news/Market-jitters-bring-capress-2621033042.html?x=0
On March 29, when speculation swirled that Portugal needed a bailout, Prime Minister Jose Socrates denied — again — that that would happen despite clearly unsustainable market pressures.
"I'm sick of saying we won't" be requesting help, he told journalists.
Just eight days later, in a chastened appearance on national television, Socrates did just that.
For Jean-Claude Juncker, the prime minister of Luxembourg, the threat of immediate market turbulence means the usual norms of transparency don't apply.
"When it becomes serious, you have to lie," Juncker, who as the chairman of the regular meetings of eurozone finance ministers is one of the currency union's key spokesmen, said in recent remarks.
Was the threat of Greece leaving the EU serious? Yes. Was a resulting default serious? You betcha! And what happens “When it becomes serious…?” According to Mr. Juncker, “you have to LIE.”
Regarding the secret meeting that was denied we read here
http://blogs.wsj.com/brussels/2011/05/09/luxembourg-lies-on-secret-meeting/
So why the lie?
“I was told to say there was no meeting,” said Mr. Schuller, reached by telephone Monday. “We had certain necessities to consider.” (Mr. Schuller is the spokesman for Luxembourg Prime Minister Jean-Claude Juncker.)
Such as?
Evening in Europe is midday in the United States. “We had Wall Street open at that point in time,” Mr. Schuller said. The euro was falling on the Spiegel report, which had overhyped the meeting. “There was a very good reason to deny that the meeting was taking place.” It was, he said, “self-preservation.”
If someone were to say that this market is rigged; would you think he is a crack pot? There are many examples to be sure but this is a beauty: (paraphrased) Wall Street was open and we sure can’t allow reality to ever affect to market. No sir – just LIE!
I wonder how “serious” the upcoming situation will be regarding the US debt ceiling. I wonder if Tax-Cheatin-Timmy will lie as well. Surely the lil-ole stock market will be open and equities may fall, so be prepared for an avalanche of lies from everyone.
nice one here.sclaping is better with those idiots in charge
Last Friday’s monthly NFP data wasn’t the only piece of news that hit the tape. By Friday’s last trade the indices had closed unchanged or barely positive because more news from Greece was rattling the European banking sector: if it didn’t get lower bailout rates pronto Greece it threatening to leave the European Union, which would lead to a default of its debt.
The “rumor” was made in a German newspaper that claimed a meeting was being held over the weekend to fashion a solution. When confronted about this rumor, all high ranking European officials denied the meeting was taking place. Moreover, they claimed the very idea was crazy.
As it turns out, the German newspaper was correct and the European officials flatly lied about the matter.
An earlier example of lying is found here and concerned the Portugal bailout http://ca.finance.yahoo.com/news/Market-jitters-bring-capress-2621033042.html?x=0
On March 29, when speculation swirled that Portugal needed a bailout, Prime Minister Jose Socrates denied — again — that that would happen despite clearly unsustainable market pressures.
"I'm sick of saying we won't" be requesting help, he told journalists.
Just eight days later, in a chastened appearance on national television, Socrates did just that.
For Jean-Claude Juncker, the prime minister of Luxembourg, the threat of immediate market turbulence means the usual norms of transparency don't apply.
"When it becomes serious, you have to lie," Juncker, who as the chairman of the regular meetings of eurozone finance ministers is one of the currency union's key spokesmen, said in recent remarks.
Was the threat of Greece leaving the EU serious? Yes. Was a resulting default serious? You betcha! And what happens “When it becomes serious…?” According to Mr. Juncker, “you have to LIE.”
Regarding the secret meeting that was denied we read here
http://blogs.wsj.com/brussels/2011/05/09/luxembourg-lies-on-secret-meeting/
So why the lie?
“I was told to say there was no meeting,” said Mr. Schuller, reached by telephone Monday. “We had certain necessities to consider.” (Mr. Schuller is the spokesman for Luxembourg Prime Minister Jean-Claude Juncker.)
Such as?
Evening in Europe is midday in the United States. “We had Wall Street open at that point in time,” Mr. Schuller said. The euro was falling on the Spiegel report, which had overhyped the meeting. “There was a very good reason to deny that the meeting was taking place.” It was, he said, “self-preservation.”
If someone were to say that this market is rigged; would you think he is a crack pot? There are many examples to be sure but this is a beauty: (paraphrased) Wall Street was open and we sure can’t allow reality to ever affect to market. No sir – just LIE!
I wonder how “serious” the upcoming situation will be regarding the US debt ceiling. I wonder if Tax-Cheatin-Timmy will lie as well. Surely the lil-ole stock market will be open and equities may fall, so be prepared for an avalanche of lies from everyone.
- #278,787
- May 10, 2011 2:55pm May 10, 2011 2:55pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
im still unable to see a direction and place a trade on GBP
90% of traders use TA, indicators and prediction
- #278,788
- May 10, 2011 3:08pm May 10, 2011 3:08pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
im still unable to see a direction and place a trade on GBP
adesso devi andare al letto non scomettere qui
really now in such low PA makes no sense.you can;t see it right.
don't be a night bird
- #278,789
- May 10, 2011 3:19pm May 10, 2011 3:19pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
when in doubt don't trade
adesso devi andare al letto non scomettere qui
really now in such low PA makes no sense.you can;t see it right.
don't be a night bird
in 30minutes i go sleep!today i got 3 bad stops and 3 not so good profits.
so... bad day.
tomorrow will be better
but hey, let me say that these 2 days gbp usd has been very stupid 'no go pattern'
hope will be soon out of this big strong strange range.....
good luck
90% of traders use TA, indicators and prediction
- #278,790
- May 10, 2011 3:23pm May 10, 2011 3:23pm
Ahoj RedB,
nothing to feed the salad bowl today?
any technicals on what tomorrow the "big news" about GU will do?
so untradable these days, except few little scalps.... so I guess tomorrow it will move big one way or the other..........
nothing to feed the salad bowl today?
any technicals on what tomorrow the "big news" about GU will do?
so untradable these days, except few little scalps.... so I guess tomorrow it will move big one way or the other..........
- #278,791
- May 10, 2011 3:31pm May 10, 2011 3:31pm
- | Commercial User | Joined Feb 2010 | 2,739 Posts
Ahoj RedB,
nothing to feed the salad bowl today?
any technicals on what tomorrow the "big news" about GU will do?
so untradable these days, except few little scalps.... so I guess tomorrow it will move big one way or the other..........
now I want GU to drop in the next 45 min-1 h under 1.6337 level
then another 30 pips down
- #278,792
- May 10, 2011 3:33pm May 10, 2011 3:33pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #278,793
- May 10, 2011 3:36pm May 10, 2011 3:36pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #278,796
- May 10, 2011 5:33pm May 10, 2011 5:33pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #278,797
- May 10, 2011 5:46pm May 10, 2011 5:46pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #278,799
- May 10, 2011 6:18pm May 10, 2011 6:18pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
