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  • #513,501
  • Aug 7, 2011 2:32pm Aug 7, 2011 2:32pm
Quoting pkimnyc
Got my resume out....
Good man!

Should have enough to get there with the print job, too!
  • #513,502
  • Aug 7, 2011 2:32pm Aug 7, 2011 2:32pm
Quoting kenfen69
How much have they already blown trying to kill the CHF? Remember EURCHF 1.50?

Not a good time, IMNSFHO.
i must admit i'm a complete ignorant about it, that's why i've asked. haven't thinking about it too much since i've never felt comfortable trading anything that's on a record levels (JPY, CHF, NZD...) so i was just ignoring it. but this downgrade thingie made me think about it.

thanks
big numbers are our friends...
  • #513,503
  • Aug 7, 2011 2:36pm Aug 7, 2011 2:36pm
Quoting deeZG
i must admit i'm a complete ignorant about it, that's why i've asked. haven't thinking about it too much since i've never felt comfortable trading anything that's on a record levels (JPY, CHF, NZD...) so i was just ignoring it. but this downgrade thingie made me think about it.

thanks
No better way to experience it than to dabble, is my motto, but...

Keep your sizes ridiculously small. If it gets ugly, prices can blow right through your stops...major, major slippage. It just isn't the same on demo, though.

Just be bloody careful...serious forces at work. May look easy in hindsight...just doesn't work like that, though.
  • #513,504
  • Aug 7, 2011 2:39pm Aug 7, 2011 2:39pm
Quoting usdivers
Yep, I intend to take whatever pips I am up on the open and then sit on my hands till London
this spike is imo all fake, London will probably sell down to 4050 again with news Italy on the brink, and what so ever
I expect a long squeeze until NY open---
/ ... clarifying decisions ... /
  • #513,505
  • Aug 7, 2011 2:41pm Aug 7, 2011 2:41pm
Quoting walb99
this spike is imo all fake, London will probably sell down to 4050 again with news Italy on the brink, and what so ever
I expect a long squeeze until NY open---
Interesting. Will see how well your crystal ball is calibrated.

Good luck if you're playing it.
  • #513,506
  • Aug 7, 2011 2:43pm Aug 7, 2011 2:43pm
Before anyone bets on a 50 handle from the effect of the downgrade and starts choosing colors for their Aston Martin, did anyone notice this (ZB is the US long bond) or the price action in its twin, the 10 year, on Friday, in the face of persistent rumors all day of the S&P action?

Ya think that was a total surprise? And you think the Germans are all down with bailing out the rest of their continent?

Just sayin. See ya later.
Attached Image (click to enlarge)
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  • #513,507
  • Aug 7, 2011 2:43pm Aug 7, 2011 2:43pm
Quoting walb99
this spike is imo all fake, London will probably sell down to 4050 again with news Italy on the brink, and what so ever
I expect a long squeeze until NY open---

As I posted earlier today, Italy has 7 weeks of cash left. They will need to refinance 370-ish Bn before the end of the year and have 1.8Trn outstanding, 3rd only after the US/Japan. There is nothing in place right now to safe Italy. EFSF will need to grow to 3Trn+ to cover the shockwaves. Do we really think Germany/Holland and Finland are up for that one?

Don't go trading the Italy scenario just yet, the markets are looking at different things right now.
  • #513,508
  • Aug 7, 2011 2:43pm Aug 7, 2011 2:43pm
Well switching around different accounts - Im only seeing spikes on demo accounts and not live accounts.

None of the live accounts we (myself and my wife) have have active feeds yet.
  • #513,509
  • Aug 7, 2011 2:44pm Aug 7, 2011 2:44pm
Quoting deeZG
@cloggie

you've said that going long on usdchf would be a suicide (which i understand why). does that include or exclude SNB?

SNB does not have the cash to stop this one and will need help. An intervention only really works when the techs are already pointing in the right direction, reversing a rally has never worked.
  • #513,510
  • Aug 7, 2011 2:45pm Aug 7, 2011 2:45pm
Quoting kenfen69
No better way to experience it than to dabble, is my motto, but...

Keep your sizes ridiculously small. If it gets ugly, prices can blow right through your stops...major, major slippage. It just isn't the same on demo, though.

Just be bloody careful...serious forces at work. May look easy in hindsight...just doesn't work like that, though.
no no, i didn't mean it made me think about trading it... just to think about all the relations and forces that fight at the moment (CBs, investors looking for safe havens...). i am an ignorant but not a suicidal one, i'll just watch
big numbers are our friends...
  • #513,511
  • Aug 7, 2011 2:45pm Aug 7, 2011 2:45pm
Quoting kenfen69
Its doing a fine plumbing job.

Member bguguen could be in for a nasty one...
He will have closed it out for a small profit no doubt!!
  • #513,512
  • Aug 7, 2011 2:45pm Aug 7, 2011 2:45pm
Quoting Khazul
None of the live accounts we (myself and my wife) have have active feeds yet.
Hmmmmm...could that be why you're not seeing any change in price?
  • #513,513
  • Aug 7, 2011 2:48pm Aug 7, 2011 2:48pm
Quoting cloggie
SNB does not have the cash to stop this one and will need help. An intervention only really works when the techs are already pointing in the right direction, reversing a rally has never worked.
thank you
big numbers are our friends...
  • #513,514
  • Aug 7, 2011 2:49pm Aug 7, 2011 2:49pm
Quoting cloggie
As I posted earlier today, Italy has 7 weeks of cash left. They will need to refinance 370-ish Bn before the end of the year and have 1.8Trn outstanding, 3rd only after the US/Japan. There is nothing in place right now to safe Italy. EFSF will need to grow to 3Trn+ to cover the shockwaves. Do we really think Germany/Holland and Finland are up for that one?

Don't go trading the Italy scenario just yet, the markets are looking at different things right now.
imo - technically the lowest we will see on eu is probably around 1.4000, but to buy on these levels now is suicidal.
/ ... clarifying decisions ... /
  • #513,515
  • Aug 7, 2011 2:49pm Aug 7, 2011 2:49pm
Quoting -nate-dogg-
He will have closed it out for a small profit no doubt!!
Hahahahahahaha

Not this time...he was already 350+ pips underwater. Was banking on SNB bringing him back above. He's a "fundie" trader...and doesn't mind that DD. Oh yeah...and open DD doesn't really count, because it doesn't show on his myfxbook account.

Ooooops.
  • #513,516
  • Aug 7, 2011 2:50pm Aug 7, 2011 2:50pm
I keep reading people calling the current EU price a spike. There is no spike. A spike would assume the price we see is false, it isn't. The price we are seeing is very real and it is being traded. It may well retrace to close everyone's MT4 'gap' but the price you're seeing is correct.
  • #513,517
  • Aug 7, 2011 2:50pm Aug 7, 2011 2:50pm
anyone shorting stocks?
  • #513,518
  • Aug 7, 2011 2:51pm Aug 7, 2011 2:51pm
Quoting kenfen69
Hmmmmm...could that be why you're not seeing any change in price?
Yeh ok smartass - but I often use demo accounts over the weekend to do data extracts to CSV and TBH - its not unusual to see wierd shit over weekend on demos accounts that I dont see on the live accounts.

Anyway - time will tell very soon
  • #513,519
  • Aug 7, 2011 2:52pm Aug 7, 2011 2:52pm
Long on silver and gold has to be the best shout.

Once equities have fallen enough, QE3 should be announced in the not to distant future.

Italy may be propped up by our Asian friends I fancy, at least until a longer term solution is found. ie more integration.

My 2 cents. Read my sig tho!
  • #513,520
  • Aug 7, 2011 2:52pm Aug 7, 2011 2:52pm
Quoting ukdaytrader
I keep reading people calling the current EU price a spike. There is no spike. A spike would assume the price we see is false, it isn't. The price we are seeing is very real and it is being traded. It may well retrace to close everyone's MT4 'gap' but the price you're seeing is correct.
yes, thanks for correction, you are right.
/ ... clarifying decisions ... /
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