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  • #10,921
  • Sep 9, 2011 1:49pm Sep 9, 2011 1:49pm
Anyone know of a good tool for MT4 to open/close multiple postions
or something which i can use to select multiple postions and close at the same time?
  • #10,922
  • Sep 9, 2011 1:56pm Sep 9, 2011 1:56pm
Quoting Venice
Interesting rant by a buddy of mine this morning...
...The End.
That's good. But the crux of this trick is the circle in which countries' CBs bail out banks, which take on bad credit of counties, which permit the countries to bail out the banks when the bad credits make them insolvent again.

The problem is, each cycle thus has not been destroying the credits contractually, so the load has increased monotonically while the distress has moved cyclically. Professional risk managers, particularly those on the credit side of things, saw this coming, and put the Basle accords in place. These have been, increasingly, conveniently suspended or amended "temporarily" as the stress becomes greater.

I was involved tangentially when OFHEO (Office of Federal Housing Enterprise Oversight) insisted that stress tests be put in place for Fannie and Freddie. That latter howled the usual cries: "we can't afford the time to build those models" "our model might be different than their model and we'll look worse", blah blah.

So OFHEO went to Congress, got the funding, and commissioned the building of the stress test model system, right down to installable source code for Solaris machines.

They installed it, tested it, and it became evident what the results were going to show. So they stonewalled the software implementation, protested the assumptions, lobbied, forced the director to resign, and ultimately got OFHEO defanged and merged into the more compliant and permissive FHFA.

And the rest, as they say, is now history.

All the bad paper: mortgage, CLO, credit cards, sovereigns, is now coming to the point where it can't any longer be ignored.
  • #10,923
  • Sep 9, 2011 1:56pm Sep 9, 2011 1:56pm
Quoting OldQuant
It is. And the markets, however twitchy they might be, are the real log of historical events in the real time. I mean, next week will certainly bring a flood of disinformation, media deception, and CB shenanigans and/or jawboning. The EUR is not going to take a linear trajection, but the markets ultimately will not be fooled.

The die may finally be cast, even if the metal is not yet firmly cooled.
Good post. Difficult to argue with that in the current circumstances. Market information is not lying.

However, don't forget one thing, is Europe and the amount of political capital invested probably exceed the actual market value of the euro. The multifaceted interrelations (from history, wars, social values, justice, trade, finance, etc) in Europe are so deep and complex that they tend to override market forces and lead to very unique social and economic mutations (e.g the EU or the CAP, etc [the list will take a few pages]) ....

So as an economist and a trader there is no fck way they can hide what is going on but if there is something than can stay irrational longer than the markets is the EU...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #10,924
  • Sep 9, 2011 2:02pm Sep 9, 2011 2:02pm
Hmm. This is surprising. The bonds are putting back on almost all of their impulse moves of the morning, and EUR, contrary to my assumption that it would go pleasantly to sleep curled comfortably around the 37 handle is not happening.
  • #10,925
  • Sep 9, 2011 2:06pm Sep 9, 2011 2:06pm
3684.6 is what i am looking at.
a close above or below will tell us a new tale for the new day
  • #10,926
  • Sep 9, 2011 2:08pm Sep 9, 2011 2:08pm
3745.1 is a bump in the head just above it
Quoting hkkhanus
3684.6 is what i am looking at.
a close above or below will tell us a new tale for the new day
  • #10,927
  • Sep 9, 2011 2:10pm Sep 9, 2011 2:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-09-09 at 3.09.03 PM.png Size: 299 KB
  • #10,928
  • Sep 9, 2011 2:11pm Sep 9, 2011 2:11pm
Quoting sisse
Good post. Difficult to argue with that in the current circumstances. Market information is not lying.

However, don't forget one thing, is Europe and the amount of political capital invested probably exceed the actual market value of the euro. The multifaceted interrelations (from history, wars, social values, justice, trade, finance, etc) in Europe are so deep and complex that they tend to override market forces and lead to very unique social and economic mutations (e.g the EU or the CAP, etc [the list will take a few pages]) ....

So as...
Oh, I agree absolutely. A couple weeks ago I called it the most important social and economic experiment in centuries. But ultimately, the irrationality depends upon both the acceptance and trust of the people of the various nationalities and states, and also the ability to sustain the purely financial illusions.

Those of you "on the ground" are far better positioned to gauge the state of, and movements of, the first. But everyone in the world can guage the state of the latter.

Nations have cross generational effects from traumatic events. The US Civil War is, for example, still referred to by many in parts of the south as simply "the war." I have often heard it said the great inflations in France and particularly in Germany informed monetary policy up at least to the time of the Union.

So the histories of Europe, from my vantage as an American, pose a great risk to that great experiment, should it come to the point where the illusion is transparent to most.
  • #10,929
  • Sep 9, 2011 2:11pm Sep 9, 2011 2:11pm
zero?
Quoting needpips
Attachment
  • #10,930
  • Sep 9, 2011 2:17pm Sep 9, 2011 2:17pm
Quoting hkkhanus
zero?
close....personally, im long.....I C 400 pips above
  • #10,931
  • Sep 9, 2011 2:18pm Sep 9, 2011 2:18pm
hmmm,,, its hit its in the target area
smoooth 280 ish pips .. i didnt take it though,
did anyone else take this?



Quoting hkkhanus
Daily close above/below 8562.1 will tell us the next stop
8842.9 -8911.9 upwards
or 8236.9 - 8370 below
  • #10,932
  • Sep 9, 2011 2:20pm Sep 9, 2011 2:20pm
I see what you are looking at bro
I have a long open from 3635 too
and the TP is on weekly chart so about the same ish

Quoting needpips
close....personally, im long.....I C 400 pips above
  • #10,933
  • Sep 9, 2011 2:21pm Sep 9, 2011 2:21pm
Quoting needpips
Attachment
I wonder if the Greek geometricians had a name for such a phenomenon. If not, the modern Greeks will be giving it a name here soon.
  • #10,934
  • Sep 9, 2011 2:21pm Sep 9, 2011 2:21pm
Quoting hkkhanus
hmmm,,, its hit its in the target area
smoooth 280 ish pips .. i didnt take it though,
did anyone else take this?
Im short UC as well...hit my target ... 8820
  • #10,935
  • Sep 9, 2011 2:22pm Sep 9, 2011 2:22pm
Quoting OldQuant
I wonder if the Greek geometricians had a name for such a phenomenon. If not, the modern Greeks will be giving it a name here soon.
Damn the obvious
  • #10,936
  • Sep 9, 2011 2:25pm Sep 9, 2011 2:25pm
E/U
I was reading some view and reports form some sites
It's silly now they all call for 28 but there is big point buyers waiting it down there i guess when it hit and euro shoot high they will change the view then later when they changed it might go 28
I want to read some good damn it
If anyone know newspaper looking for real analysis let me know i really wish so
  • #10,937
  • Sep 9, 2011 2:26pm Sep 9, 2011 2:26pm
.
Quoting needpips
Im short UC as well...hit my target ... 8820
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 4 KB
  • #10,938
  • Sep 9, 2011 2:27pm Sep 9, 2011 2:27pm
Quoting cloggie
Yeah a UPS
I dont know what that means but it sounds bastardly
  • #10,939
  • Sep 9, 2011 2:27pm Sep 9, 2011 2:27pm
Quoting egkid
E/U
I was reading some view and reports form some sites
It's silly now they all call for 28 but there is big point buyers waiting it down there i guess when it hit and euro shoot high they will change the view then later when they changed it might go 28
I want to read some good damn it
No doubt we go lower.....but 1.40-ish calls.....not a recco, just one sorry traders opinion
  • #10,940
  • Sep 9, 2011 2:28pm Sep 9, 2011 2:28pm
Quoting Wulfgar
I dont know what that means but it sounds bastardly
LOL, I was trying to figure that one out myself earlier...

I was like

http://i172.photobucket.com/albums/w...ps-truck_2.gif

I don't get it!
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