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  • #556,621
  • Nov 1, 2011 7:42am Nov 1, 2011 7:42am
Quoting kuroro001
Enough with this move down...let's hit the upside now
I think the bears aren't done yet. They still haven't gotten enough.
Don't just beat the markets, leave bruises.
  • #556,622
  • Nov 1, 2011 7:45am Nov 1, 2011 7:45am
Quoting ThisPip
No can do..lol just go look at a DAX chart and you know the sentiment.
All that relief rally we had when Merkel and Sarkozy announced the Euro Summit Solution at 04:00 from Brussels after many weeks got destroyed and vanished with Mr Papandreou and the Greece Referendum in one day.

After all, all the work that has been done from EU Leaders to come up
with a solution got "destroyed in seconds" from Papandreou and only him and made it obsolete. The guy has no leadership, he is finished.
I don't understand this move down...what's new between thurday and today? Something we didn't know ? I don't think so...we know Greece is pretty much fucked up.
Usually such PA would have gave us a sweet move up...but it's not going up lol...
And i would not short 1,3650...
COT: The precious data ignored
  • #556,623
  • Nov 1, 2011 7:48am Nov 1, 2011 7:48am
wtf is happening
  • #556,624
  • Nov 1, 2011 7:48am Nov 1, 2011 7:48am
Quoting kuroro001
I don't understand this move down...what's new between thurday and today? Something we didn't know ? I don't think so...we know Greece is pretty much fucked up.
Usually such PA would have gave us a sweet move up...but it's not going up lol...
And i would not short 1,3650...
Sunday was because of BOJ intervent UJ therefore they bought US dollar
Yesterday was because MF Global bankrupt so that risky news plays US dollar as a safe heaven relative to Euro.
But still, this move is unexcepted and very strong..
  • #556,625
  • Nov 1, 2011 7:49am Nov 1, 2011 7:49am
I was short from 13773 and closed my short at 13701 :/ God why I didn't keep that short!
  • #556,626
  • Nov 1, 2011 7:52am Nov 1, 2011 7:52am
As always you guys are swimming in the dark.

Lemme see...

Italy without a government, oh sh!t
Greece without a government, oh sh!t
Greece holding a referendum over the bailout sometime next year, oh sh!t
Juncker calling for Greece to go bankrupt, oh sh!t.
Fitch's latest report about the EU released an hour ago, oh sh!t.
Sarkozy calling an emergency meeting, oh sh!t
Wen encouraging US investments, oh sh!t

Maybe it is time for some of you guys to invest in a good news service before you take this mallarkey any further.

I know of a good few charities that would be happy with your cash instead of throwing it away..........
  • #556,627
  • Nov 1, 2011 7:52am Nov 1, 2011 7:52am
Holding my shorts .. waiting for 3600
" The fool who never traded Demo "
  • #556,628
  • Nov 1, 2011 7:53am Nov 1, 2011 7:53am
Holding my shorts too and my balls... sorry the bulls at bay!

Do you think usa open will through this to the wolves?
  • #556,629
  • Nov 1, 2011 7:53am Nov 1, 2011 7:53am
TODAY IS REALLY BLACK TUESDAY!

Every hour I come back to my charts, there's still no entry. I mean classical retracements or reversals. I can't believe I watched this baby dropped all the way from 38xx without doing nothing. Sometimes, I wish my strategy was a human so I could beat it up!
Don't just beat the markets, leave bruises.
  • #556,630
  • Nov 1, 2011 7:54am Nov 1, 2011 7:54am
Quoting Motion
I think the bears aren't done yet. They still haven't gotten enough.
Indeed, i wasn't expecting such move down...all floors are getting broken so easily...no more support lol

For some reason i still have an eye on 1,396x-7x area though.
Time will tell
COT: The precious data ignored
  • #556,631
  • Nov 1, 2011 7:55am Nov 1, 2011 7:55am
dx closing into drop/hg zone.
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  • #556,632
  • Nov 1, 2011 7:57am Nov 1, 2011 7:57am
Quoting Myrza
dx closing into drop/hg zone.
All world major top markets have dropped like flys - its like a black hole!!!


WATCH BOJ DROP A BOMB NOW!!! lol
  • #556,633
  • Nov 1, 2011 7:58am Nov 1, 2011 7:58am
Quoting ThirdMan
I was short from 13773 and closed my short at 13701 :/ God why I didn't keep that short!
(Chapter V) … “And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”

Be Right and Sit Tight! Marvel at Jesse Livermore at his finest! Like so many great truths in life this is so simple to understand, but so incredibly difficult to actually act out and walk the walk. So much of speculation really boils down to patience, that extraordinarily difficult trait to acquire. Do your research, determine the primary trend, deploy your positions, and then just hurry up and wait.

Where will it be tomorrow?
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OPPORTUNITY IS NOWHERE
  • #556,634
  • Nov 1, 2011 7:58am Nov 1, 2011 7:58am
MF Global yesterday true, that kicked Stock Markets in the Groin too.

But again, to understand this move, you have to understand how
unbelievable, stupid, suddenly, amazing and totaly crazy it is
from Mr Papandreou to say: "Thanks EU Leaders for working your ass off
in hundreds of hours in meetings, but i have decided that i do not
want this agreement, but instead ask my Greece people to vote".

All the stability for a move further up has been made obsolete in seconds by
Pinocchio Papandreou. You seen the relief rally last week so you know
how the markets ached for it. But that was yesterday, now is back
to square 1.

I am sure Merkel and Sarkozy could bi tchslapp Mr P. for that.
  • #556,635
  • Nov 1, 2011 7:59am Nov 1, 2011 7:59am
Quoting Obaidah
turns out that it was a good position, close 2/3 of that position and set the rest to +ve, you should keep an eye on these fibo levels, i'll wait for a pull back and see if a sell chance represents itself.
closed the remaining as dips are being bought, there appears to be support in the market
I recommend you read something else as this sentence is now concluded.
  • #556,636
  • Nov 1, 2011 8:02am Nov 1, 2011 8:02am
Quoting kuroro001
Indeed, i wasn't expecting such move down...all floors are getting broken so easily...no more support lol

For some reason i still have an eye on 1,396x-7x area though.
Time will tell
Hello Mate,
How are you?
In My chart,we still have 3 wave of bottom support mate..Hopes this is help
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If there was easy money lying around,no one would be forcing it into your
  • #556,637
  • Nov 1, 2011 8:02am Nov 1, 2011 8:02am
Quoting ThisPip
No can do..lol just go look at a DAX chart and you know the sentiment.
All that relief rally we had when Merkel and Sarkozy announced the Euro Summit Solution at 04:00 from Brussels after many weeks got destroyed and vanished with Mr Papandreou and the Greece Referendum in one day.

After all, all the work that has been done from EU Leaders to come up
with a solution got "destroyed in seconds" from Papandreou and only him and made it obsolete. The guy has no leadership, he is finished.
If you believe these moves have anything to do with news/talking heads you are naive. This is a few large banks and elite hedge funds driving the markets up and down and profiting from these moves. No such thing as bears vs bulls, it's always the same people doing the same old crap. News is a good smoke screen though, provides a quasi explanation for all this. All you can do is try to play with them and not against them.
  • #556,638
  • Nov 1, 2011 8:04am Nov 1, 2011 8:04am
Quoting kuroro001
I don't understand this move down...what's new between thurday and today? Something we didn't know ? I don't think so...we know Greece is pretty much fucked up.
Usually such PA would have gave us a sweet move up...but it's not going up lol...
And i would not short 1,3650...
My question is why did it go up? There was nothing hopeful about all the Eurozone banks are going to get a 50% haircut and Greece, Portugal and Ireland are in trouble.

I was amazed when it hit the 1.40's a few days ago. Japan and the Swiss already threatened QE because their currency was getting too strong and their valuations plummeted.

It will retrace along the way but I believe it's trending down with the bottom channel on the daily chart below the 3400's.
Taigen Profit This Month: na
  • #556,639
  • Nov 1, 2011 8:05am Nov 1, 2011 8:05am
Right - The floorman on bloomberg has got it right - greece is deffo a default blamed on the peoples vote... if that is what americans think we have an all time euro low coming!!!?
  • #556,640
  • Nov 1, 2011 8:06am Nov 1, 2011 8:06am
Everybody trading this pair, you must look at DAX!!!
Look at Europe, stocks are falling apart and dragging Euro with it
as we speak!

http://www.bloomberg.com/markets/stocks/world-indexes/


DAX MINUS 5.61%
CAC 40 Minus 4.10%


We are entering a disaster zone, and only a major fundamental announcement can change that. Know this.
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