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  • #560,041
  • Nov 9, 2011 9:42am Nov 9, 2011 9:42am
Quoting cloggie
They have 320 to refinance next year, at these rates that will stem their growth for a decade.

But you know what? I am a trader, not an economist, I couldn't care less, all I care about is how do I make money of it all......
reminds me of...

Inserted Video


Quant Hedge Fund CEO
  • #560,042
  • Nov 9, 2011 9:43am Nov 9, 2011 9:43am
Quoting fontu
3540-25 will close , possible pullback to as high as 3710.
fontu
no, with a drop this sharp. pullback will be minimal........
  • #560,043
  • Nov 9, 2011 9:44am Nov 9, 2011 9:44am
Quoting cloggie
Yup.



Yup, margins have already been increased slowly in the last few weeks, the markets sure are getting ready for that one.

We need decisive action here in the EU to stem this one once and for all, but that isn't going to happen.

Germany needs to either sh!t or get off the pot, they are the ones driving the EU in a further mess right now. Do they really care?? Not really, they've had enough at home of all the mess the periphery is in. It is just a matter of how congenial they feel towards the outliers, if they don't then the EU will break...
and yet the turd still floats, down considerably today mind...
  • #560,044
  • Nov 9, 2011 9:44am Nov 9, 2011 9:44am
Quoting cloggie
They have 320 to refinance next year, at these rates that will stem their growth for a decade.

But you know what? I am a trader, not an economist, I couldn't care less, all I care about is how do I make money of it all......
Sure, but as you know Italy is a G8 economy and the GDP/repayment ratio is not as big as it sounds in absolute terms and it shouldn't cause panic and collapse if we were on "normal" circumstances...but we are not ...let see if a fast track on the fiscal measures and cuts (last bullet in Italy now) can put bonds back below 6.xx.

The wound is getting bigger by the minute and it can become gangrene if not solved quickly ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #560,045
  • Nov 9, 2011 9:45am Nov 9, 2011 9:45am
Quoting FXMastermind
reminds me of...

http://www.youtube.com/watch?feature...&v=aC19fEqR5bA


He was right though, we make the most money out of the misery of others, they are the easiest setups, the biggest runners, the least risky trades. When the world goes to sh!t, we rake it in. Trading has always been like that. But you know what, we put our own capital where our thinking is, we invest our own money. Times like these is where we make the big bucks, if all is fine we are all fighting over the same crappy range.

The old saying is "once the tide goes out, you can see who is swimming naked" the last crapshoot took out lehman, this round MFG has given up the ghost, Jefferies is worrying, let's see how some of the EU banks fare, the tide hasn't stopped receding yet.
  • #560,046
  • Nov 9, 2011 9:46am Nov 9, 2011 9:46am
Quoting sisse
Sure, but as you know Italy is a G8 economy and the GDP/repayment ratio is not as big as it sounds in absolute terms and it shouldn't cause panic and collapse if we were on "normal" circumstances...but we are not ...let see if a fast track on the fiscal measures and cuts (last bullet in Italy now) can put bonds back below 6.xx.

The wound is getting bigger by the minute and it can become gangrene if not solved quickly ...

sisse

All spot on, see my earlier post above here.

Time to do something or the sh!t is really going to hit the fan. That's why the FI boys push it as far as they do, who is going to blink first.
  • #560,047
  • Nov 9, 2011 9:47am Nov 9, 2011 9:47am
Back to EU, 3610 is still in the picture here, could do with another test of it shortly.
  • #560,048
  • Nov 9, 2011 9:49am Nov 9, 2011 9:49am
Quoting FXMastermind
reminds me of...

http://www.youtube.com/watch?feature...&v=aC19fEqR5bA

bloody bbc do gooders, you can't help anyone if you're skint, nothing wrong with wealth creation..
  • #560,049
  • Nov 9, 2011 9:49am Nov 9, 2011 9:49am
Quoting cloggie
He was right though, we make the most money out of the misery of others, they are the easiest setups, the biggest runners, the least risky trades. When the world goes to sh!t, we rake it in. Trading has always been like that. But you know what, we put our own capital where our thinking is, we invest our own money. Times like these is where we make the big bucks, if all is fine we are all fighting over the same crappy range.
I fully agree, bear always run faster and in a more straight way than any bull...

Btw, SSI preview is interesting, but not surprising - traders (those you usually call muppets ) are net-long again after a few weeks, this clearly confirms among all the other stuff this strong downward trend...
Quant Hedge Fund CEO
  • #560,050
  • Nov 9, 2011 9:50am Nov 9, 2011 9:50am
The second attempt to break 1.3550 support declined aggressively.
Some significant retracement of today's rally is needed.
Consortium has to pull the price back before tomorrow to have room for the further pushing down.
  • #560,051
  • Nov 9, 2011 9:50am Nov 9, 2011 9:50am
Quoting AmeriTrini
no, with a drop this sharp. pullback will be minimal........
may be , reversal sign I applied for pullback.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #560,052
  • Nov 9, 2011 9:52am Nov 9, 2011 9:52am
Quoting FibbinArchie
bloody bbc do gooders, you can't help anyone if you're skint, nothing wrong with wealth creation..
you said it perfectly. investment bankers just arent allowed to have a healthy public image.
  • #560,053
  • Nov 9, 2011 9:53am Nov 9, 2011 9:53am
My first forex trade completed today (closed automatically when I was at work)

1.3825 -> 1.3600
  • #560,054
  • Nov 9, 2011 9:54am Nov 9, 2011 9:54am
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m1_09.11.11(g).jpg Size: 180 KB
  • #560,055
  • Nov 9, 2011 9:54am Nov 9, 2011 9:54am
Quoting taxe91
you said it perfectly. investment bankers just arent allowed to have a healthy public image.
cause people are taught to have a negative image of money..
  • #560,056
  • Nov 9, 2011 9:56am Nov 9, 2011 9:56am
346265792011.11.09 16:12buy0.10eurusd1.361670.000001.360002011.11.09 17:511.359470.000.000.00-22.00346266662011.11.09 16:14buy1.00eurusd1.359650.000001.360152011.11.09 16:141.360010.000.000.0036.00346278172011.11.09 16:39buy1.00eurusd1.358610.000001.358872011.11.09 17:481.358870.000.000.0026.00 0.000.00-0.09225.38Closed P/L:225.29Open Trades:TicketOpen TimeTypeSizeItemPriceS / LT / P PriceCommissionTaxesSwapProfitNo transactions 0.000.000.000.00 Floating P/L:0.00Working Orders:TicketOpen TimeTypeSizeItemPriceS / LT / PMarket Price No transactions Summary:Deposit/Withdrawal:700.00Credit Facility:0.00 Closed Trade P/L:225.29Floating P/L:0.00Margin:0.00Balance:926.69Equity:926.69Free Margin:926.69 Details:http://www.forexfactory.com/DetailedStatement091111.gifGross Profit:439.29Gross Loss:214.00Total Net Profit:225.29Profit Factor:2.05Expected Payoff:1.16 Absolute Drawdown:0.00Maximal Drawdown:40.39 (4.56%)Relative Drawdown:4.56% (40.39) Total Trades:195Short Positions (won %):102 (83.33%)Long Positions (won %):93 (83.87%)Profit Trades (% of total):163 (83.59%)Loss trades (% of total):32 (16.41%)Largestprofit trade:54.00loss trade:-31.30Averageprofit trade:2.70loss trade:-6.69Maximumconsecutive wins ($):31 (74.79)consecutive losses ($):3 (-40.39)Maximalconsecutive profit (count):74.79 (31)consecutive loss (count):-40.39 (3)Averageconsecutive wins:7consecutive losses:1
  • #560,057
  • Nov 9, 2011 9:56am Nov 9, 2011 9:56am
Quoting FibbinArchie
cause people are taught to have a negative image of money..

And let's keep it that way or else inflation will just eat at what I have managed to squirrel away.
  • #560,058
  • Nov 9, 2011 10:01am Nov 9, 2011 10:01am
Quoting cloggie
And let's keep it that way or else inflation will just eat at what I have managed to squirrel away.
let's see how the fix affects it...
  • #560,059
  • Nov 9, 2011 10:02am Nov 9, 2011 10:02am
Quoting FibbinArchie
cause people are taught to have a negative image of money..
all the lawsuits and controversies like the mortgage CDO's in 08 dont really help the industry image though
  • #560,060
  • Nov 9, 2011 10:05am Nov 9, 2011 10:05am
Quoting taxe91
all the lawsuits and controversies like the mortgage CDO's in 08 dont really help the industry image though
true..

want to see how 541 reacts if we get back down there... ws1..
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