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  • #559,421
  • Nov 8, 2011 8:25am Nov 8, 2011 8:25am
now some of u cool chunkys, will surely think, that we have now a breakout or a new up trend..

and will post targets like 3950, 4000 or even 4200...

tip: DONT TRADE !!! And dont be a fool in this game! Stay out and turn your mt4 off, when u cant control ur self..

every years its the same... market always take profits away from traders in four months..

nov, dec, march.. and august

8 Months of winning and 4 months of lossing is the most average from retailers! Go and find an job and leave it for now!
  • #559,422
  • Nov 8, 2011 8:25am Nov 8, 2011 8:25am
when is the vote today (heard it was 3:30 pm rome time)???
  • #559,423
  • Nov 8, 2011 8:26am Nov 8, 2011 8:26am
Break above R1 on news about former ECB banker Papademos to run the show in Greece or rather budget vote expectations?
Quant Hedge Fund CEO
  • #559,424
  • Nov 8, 2011 8:26am Nov 8, 2011 8:26am
Quoting buonvangvn
holding long, sl =1.3773
u r the funniest (foolest) guy here
  • #559,425
  • Nov 8, 2011 8:28am Nov 8, 2011 8:28am
For those traders that want to know what today's vote is about and know that each and every massmedia outlet is just garbage,

The vote is aobut the approval of the 2010 public accounts, that's it.

There seems to be a mass hysteria in the media about todays vote, some saying it is a no-conficence vote, some saying it is about this year's budget on the back of the EU/G20IMF.

It ain't. The vote is no big deal. The only big deal about the whole thing is IF Mr B loses his majority, he hasn't yet. The only time Mr B is going to resign if there are more members of either his party or the Northern Alliance defecting to the opposition. Would anyone really want to commit political suicide???

The markets rallied briefly yesterday on rumours of Mr B resisgning, so did the Milan bourse.

B is a buffoon, we all know that, the only improvement would be if, and that again is a big if the current government was replaced by some boffins. That ain't going to happen, why would each and every politician in Italy give up his/her career. So any rally on the back of Mr B resignation would be very shortlived.

Italy has increased their public debt service by 80Bn euro this week due to increase in the 10Yr. We are nudging 7%, that is bailout territory, that's where Greece, Portugal and Ireland was triggered.

Italy has to refincance 320Bn euro next year, and at these rates that is going to be next to impossible. Can the EFSF bail them out? No. The IMF is needed.

That's why any rally is only going to be shortlived, the market will quickly come to realise that Italy is the biggest can of worms out there and all eyes will be on the bondmarket, as I said it should and would be yesterday morning.

So what is the play for today. IF Mr B loses his majority AND he resigns, we willl see a rally, it just ain't going to last.

You can bet your shorts that the BUffoon has been on the phone all night and alll morning cajoling MP's into not switching sides and sticking with him.

The IMF is going to come in this quarter as part of the supervisory role, B will have to give up lots of responsibilities to them, that will quiet the markets down a bit, but the debt overhang is not going to go away.

Greece was only the prelude.
  • #559,426
  • Nov 8, 2011 8:29am Nov 8, 2011 8:29am
first trade of the day i rolled 2 shorts on USDCHF at 0.8960 tp1 19 pips tp2 lower... stop loss at BE when we reach bla bla bla
When life gives you lemons, make lemonade
  • #559,427
  • Nov 8, 2011 8:29am Nov 8, 2011 8:29am
Quoting JackintheBox
@fxkiller: Hey my friend, I'm trading long time, but only shortly on daily, hourly base. Since 2006 ? Then you are definitely a pro - I mean you earn you bread with it. Great Job.
I try to focus on fast action, do you swing daily ? (never got that working) greets Jack
hey

welcome in mess

i target from 20-200 pips..depends on market moves..
  • #559,428
  • Nov 8, 2011 8:29am Nov 8, 2011 8:29am
Quoting fxkiller
u r the funniest (foolest) guy here
why do u say hes a fool ? the ma are lining up nicely for a uptrend...i am going to scalp this whole shit up and down. never too late to start.

if it breaks 3824 this shit will go up to heaven, i am preparing shorting from 3854 cuz there will be a spike then retracement . seen this crap shit by the big boys too many times
Attached Image (click to enlarge)
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  • #559,429
  • Nov 8, 2011 8:30am Nov 8, 2011 8:30am
Quoting Cypher
its the budget vote thats been moved to 4pm gmt / 11am est not a vote of confidence like greeks did
"The ballot, postponed until 5:00 p.m. in Rome, is on a routine report on last year’s budget plan that will reveal whether Berlusconi retains a majority in the 630-seat house...Should Berlusconi fail to muster 316 votes, he would probably face a confidence vote that will decide his fate."
  • #559,430
  • Nov 8, 2011 8:30am Nov 8, 2011 8:30am
last posting,hopely break daily resistance.
Quoting joop
still usefull data,rejection on 2nd cs on weekly.all my attachement missing.gowt damn,waiting for break out level.at this moment market still raging until us season.
patient is my attitude, rushing is a dog
  • #559,431
  • Nov 8, 2011 8:30am Nov 8, 2011 8:30am
Quoting fxkiller
u r the funniest (foolest) guy here
what's wrong with that trade???
4H chart seems it is very likely to go up and i am waiting for try a small short at 1.3963.
by the way, why did you say most people lose money in Nov, Dec, Mar and Aug?
  • #559,432
  • Nov 8, 2011 8:32am Nov 8, 2011 8:32am
I have a question off-topic:
I want to post chart on here, how can I do it? Can anyone help me?
Thank you
  • #559,433
  • Nov 8, 2011 8:32am Nov 8, 2011 8:32am
Quoting mpurdy1973
when is the vote today (heard it was 3:30 pm rome time)???
yes thats the time,but i dont know how much time is left for that?
Trade responsiblypatience is the key/Swing trader
  • #559,434
  • Nov 8, 2011 8:33am Nov 8, 2011 8:33am
Quoting GB_Trader
Hi btw, new member but been observing this fascinating thread for ages. Am I missing something, but is this jump the rise before the fall or the start os something big !!!
That's my line of reasoning. We have been in an era where whether good news or bad the Euro goes up and good news or bad the USD would go down. I think I saw a kid in the streets look up and saw the king and shouted, "Mama, why does the king have no clothes?"

I think the rest of the crowd is about to acknowledge that the king has no clothes. Get ready to laugh.
Taigen Profit This Month: na
  • #559,435
  • Nov 8, 2011 8:34am Nov 8, 2011 8:34am
Quoting cloggie
For those traders that want to know what today's vote is about and know that each and every massmedia outlet is just garbage,

The vote is aobut the approval of the 2010 public accounts, that's it.

There seems to be a mass hysteria in the media about todays vote, some saying it is a no-conficence vote, some saying it is about this year's budget on the back of the EU/G20IMF.

It ain't. The vote is no big deal. The only big deal about the whole thing is IF Mr B loses his majority, he hasn't yet. The only time Mr B is going to resign if there...
Thanks, the talking heads on CNBC are speculating that the vote has been delayed because Mr. B is working on deal so that he can exit gracefully. haha
Yay! Pips for everyone!
  • #559,436
  • Nov 8, 2011 8:34am Nov 8, 2011 8:34am
Attached Image (click to enlarge)
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  • #559,437
  • Nov 8, 2011 8:35am Nov 8, 2011 8:35am
go to attachements next to emoticons.browse your source area, then upload.
Quoting Yuchen
I have a question off-topic:
I want to post chart on here, how can I do it? Can anyone help me?
Thank you
patient is my attitude, rushing is a dog
  • #559,438
  • Nov 8, 2011 8:35am Nov 8, 2011 8:35am
Quoting Yuchen
I have a question off-topic:
I want to post chart on here, how can I do it? Can anyone help me?
Thank you
hey buddy, right click on your mt4 then save picture as.. then in the post here there is attachments, click it and attach the file
When life gives you lemons, make lemonade
  • #559,439
  • Nov 8, 2011 8:37am Nov 8, 2011 8:37am
Quoting Kowalczyk
"The ballot, postponed until 5:00 p.m. in Rome, is on a routine report on last year’s budget plan that will reveal whether Berlusconi retains a majority in the 630-seat house...Should Berlusconi fail to muster 316 votes, he would probably face a confidence vote that will decide his fate."
reread what you just posted. nothing but a budget vote, market/media reading too much into it, getting too ahead of themselves trying to predict the future based on these results. any excuse to rally it seems is the attitude at the moment
  • #559,440
  • Nov 8, 2011 8:37am Nov 8, 2011 8:37am
Quoting Yuchen
I have a question off-topic:
I want to post chart on here, how can I do it? Can anyone help me?
Thank you
check here

http://www.forexfactory.com/userguide.php
Trade responsiblypatience is the key/Swing trader
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