There is not much Euro unions can do to save Greece, still keeping them within the Euro. Unlike US or other countries who can devalue thier own currencies, Greek doesnt have the power to do it on thier currency. Joining Euro was a curse for Greece? The best answer could lie in letting some of the weeker countries to get out of the group and let them manage own matters.
- #1,262
- Oct 9, 2011 8:31am Oct 9, 2011 8:31am
- Joined Apr 2011 | Status: Special | 1,403 Posts
This is what my crystal ball is saying...
.
- #1,263
- Edited 8:46am Oct 9, 2011 8:35am | Edited 8:46am
- | Joined Sep 2011 | Status: Trader | 105 Posts
This is what my crystal ball is saying...
.
I hope that ........ more green pips there
maybe there is a long candle same one happened in May for the market at all so selling with stop loss with little luck will give more and more pips
- #1,264
- Oct 9, 2011 8:52am Oct 9, 2011 8:52am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
Market does not price value, only the relationship between supply and demand. Air is far more valuable than gold, but supply is abundant. So it is free.
When the demand for something increases, the supply will also increase. But supply always lags behind demand. But almost always supply will expand to meet demand, exceed it, and then the price falls.
This is the basis of bubbles. So when you look at the price of something, it is always important to look at the cost of increasing supply. And when you try to figure out the time frame this happens...
http://www.forexfactory.com/news.php...67#post4898942
But all bets off if:
http://www.forexfactory.com/news.php...67#post4899045
- #1,267
- Oct 9, 2011 9:06am Oct 9, 2011 9:06am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #1,268
- Oct 9, 2011 9:13am Oct 9, 2011 9:13am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #1,269
- Oct 9, 2011 9:21am Oct 9, 2011 9:21am
- Joined Jul 2008 | Status: "Not all information is beneficial. | 1,724 Posts
- #1,270
- Oct 9, 2011 9:23am Oct 9, 2011 9:23am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Hi piptrapper, what is your analysis on the dexia thing?
is going to create a panic buy?
I honestly believe it has a possibility to happen, so we should watch out for the london and europe session when trading. Watch for signs of accumulation.
Predict possible momentum fluctuation on both directions, once a signal goes off in your head, trade and go make pips
is going to create a panic buy?
I honestly believe it has a possibility to happen, so we should watch out for the london and europe session when trading. Watch for signs of accumulation.
Predict possible momentum fluctuation on both directions, once a signal goes off in your head, trade and go make pips
Have I got something on my face, SOLDIER?
- #1,271
- Oct 9, 2011 9:26am Oct 9, 2011 9:26am
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
ya, I'm sure would like to participate.
Very hot thread I must say
Very hot thread I must say
- #1,274
- Edited 9:59am Oct 9, 2011 9:40am | Edited 9:59am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Hi piptrapper, what is your analysis on the dexia thing?
is going to create a panic buy?
I honestly believe it has a possibility to happen, so we should watch out for the london and europe session when trading. Watch for signs of accumulation.
Predict possible momentum fluctuation on both directions, once a signal goes off in your head, trade and go make pips
Well, Belgium & France are rescuing this bank all alone. No EFSF funds to back it up. Their debt to GDP ratios are already off the wall with 96.8% and 81.7% respectively. What will the extra €200 bln do to those ratios. I don't think it will reduce them. However, the market last Monday may have priced in a bank failure and the correction we saw from Tuesday to Friday may have been the relief that Belgium and France will do something about it.
So:
1. The rescue may already be baked into the price. (euro neutral)
2. The rating agencies may now downgrade Belgium and/or France (euro negative)
3. This changes nothing because it doesn't fix the debt crisis. (euro neutral)
4. This move privatizes the profits and nationalizes the debt. (euro positive)
I'll be watching the futures when they start trading.
.
Those who say it cannot be done should not interrupt those who are doing it
- #1,275
- Oct 9, 2011 9:42am Oct 9, 2011 9:42am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
This comment afterwards pretty much sums it up.
http://www.zerohedge.com/news/dexias...omment-1754456
Those who say it cannot be done should not interrupt those who are doing it
- #1,276
- Oct 9, 2011 9:43am Oct 9, 2011 9:43am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
ya, I'm sure would like to participate.
Very hot thread I must say
Those who say it cannot be done should not interrupt those who are doing it
- #1,277
- Oct 9, 2011 9:55am Oct 9, 2011 9:55am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Thanks Buma for the voucher and the comments on my profile page
I feel honored.
Now lets go trap those pips.
I feel honored.
Now lets go trap those pips.
Those who say it cannot be done should not interrupt those who are doing it
- #1,278
- Oct 9, 2011 9:57am Oct 9, 2011 9:57am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
@PT,
Great analysis once more piptrapper.
I watch for details, and details only, broader topic is already clear. My brain flashes signals on key words such as news releases, interviews and commentaries, its that sentence or phrase that catches my attention most. Numbers, and statements, etc.
I dont really have the time to post a thorough analysis such as yours or redlion's lol.
Its all in the head, its hard to let it out.
Great analysis once more piptrapper.
I watch for details, and details only, broader topic is already clear. My brain flashes signals on key words such as news releases, interviews and commentaries, its that sentence or phrase that catches my attention most. Numbers, and statements, etc.
I dont really have the time to post a thorough analysis such as yours or redlion's lol.
Its all in the head, its hard to let it out.
Have I got something on my face, SOLDIER?
- #1,279
- Oct 9, 2011 9:58am Oct 9, 2011 9:58am
- | Joined Aug 2011 | Status: Trader | 1,118 Posts
Take losses no more than 1-2% of account value.Save it to play for another day. Confidence took me 2-1/2 years to learn and losing $30,000+ in one day pretty much put me in a position to not love the idea of trading, but to love trading, good and bad! Remember, it's just money......Helicopter Ben can print more!
, Fed, you should start another QE 
- #1,280
- Oct 9, 2011 10:09am Oct 9, 2011 10:09am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I think I would have died losing that much money from a shot. I did lose 10K and stopped trading stocks at all. I switched to forex and learnt how to properly trade. Ben never gave me my money back
Those who say it cannot be done should not interrupt those who are doing it