EURUSD

Absolutely, holding a wad of 500's is a nice feeling.

the lovely hour

http://carscoop.blogspot.com/2011/06...away-from.html

indeed, then you can go out on the town like the guys in my pic....

Just post 5 more times you will become member then you can PM

another dumb chart I've been looking at..with some levels I pulled out of a hat...

Showing another little dip to 4345 in next hour 1730pm

I've got a long order in 4350.

5pm back to 4369

6pm 4380 breach

7pm touching 4430

7:30 8PM 4400 test

21:30 touch 4445

We're back Mortimer we're back

Expecting around 30 more pips down before Up Really...... at 1.433x area..... for 1.442x area........

If history repeats, it's gonna do this crap all day long.

ladies struggling to comprehend they "bricks"

What ma periods are those?

Hi,
Kenfen69
could i have your opinon

Greek opposition leader: We’ll vote no

Written by Jamie Coleman
June 28, 2011 at 16:06 GMT

 

1. New Democracy party will vote against the medium-term austerity plan

Nothing new in that…


YEAH, come on Greece, i predict a riot and collapse




Seb

Cool, what time, GMT?

V, that's not what it means. It means that if you buy a *contract* for apples from A, and sell a *contract* for apples to B, then the process of "clearing" takes you out of the transactions and matches A directly to B.

It really isn't a big deal, and makes absolutely NO difference in P&L if you can't be long and short the same thing at the same time, because if you're simultaneously long and short the same thing, then you are flat. Don't take my word for it; put it on a yellow pad both ways and see.

Where D-F came from was when Lehman failed, there were several trillion in notional value of Credit Default Swaps outstanding against some billions in bonds, and it scared the he11 out of everyone that the Buffett "derivatives are financial weapons of mass destruction" had happened.

When ISDA cleared them, though, it was found that --because of the simulataneous long and short that goes on in the OTC markets-- there were in fact less net outstanding than there were bonds and everything was fine.

So D-F's intent is to clear as many OTC markets in the US (and, watch Basle: in the world) as is possible.

The way we get the BIS saying there are 600 trillion in derivatives outstanding, or that forex is 3 trillion a day, is because they aren't cleared markets. D-F is, however flawed, about market transparency and stopping shenanigans that arise from matched book accounting (long and short the same thing at the same time).

It's not about curtailing trading markets. On the contrary, it has caused literally hundreds of new contracts to come into being. There are now registered futures contracts, for example, on natural gas at specific FERC (or is it FIRC?) delivery points, and all kinds of new derivative-based futures.

It's just going to be harder for banks to lie to their regulators and stockholders, and traders to lie to their risk managers, and money managers to lie to their clients by rolling liability or loss over end dates through matched trades.

</Ex-risk manager rant off>

The sooner the better. PTL that's where you are? Stay indoors.

http://www.dailyfx.com/forex/video/t...eo_062711.html

I like his reasonings.

hawk fomc fisher on da mike, then dj tricky l8tr..

speaking of euro trash...

Yes without the +1 DST

I've got a long order in 4350 (adjusted to 45 + spread)<--you are here
could dip as low as 4328

5pm back to 4369

6pm 4380 breach

7pm touching 4430

7:30 8PM 4400 test

21:30 touch 4445

expecting it to follow the confidence vote, ruling party have house majority, but let's see...