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  • #569,621
  • Dec 4, 2011 2:09pm Dec 4, 2011 2:09pm
Quoting SirMcPip
No, i didnt see anything in the clip. It was more about the general USA outlook. It is just my analysis that it will be this bill that gets the party really going in the USA. What is good about the fair tax? No IRS(no personal income tax, no corporate tax-nothing)just a 23%consumtion tax on all products and services purchased. Government surveys have concluded that 80% of US manufacturers would repatriate their manufacturing base back to the US and it is estimated that 3 trillion offshore $ would as well be repatriated back to the USA. Now for...
no personal income tax, no corporate tax-nothing, i don't buy it this flat tax will work out costing more in the long run, until wages become lower than chinese wages i dont think it all be coming back anytime soon, just watched this show on tv and it works out people in the uk on jobless claims benefit get paid more than a chinese worker
  • #569,622
  • Dec 4, 2011 2:10pm Dec 4, 2011 2:10pm
Quoting SirMcPip
...What is good about the fair tax? No IRS(no personal income tax, no corporate tax-nothing)just a 23%consumtion tax on all products and services purchased. Government surveys have concluded that 80% of US manufacturers would repatriate their manufacturing base back to the US and it is estimated that 3 trillion offshore $ would as well be repatriated back to the USA... .
I'm extremely on board HR 25!

But, I only see it happening when the 2 million or so parasites (tax preparers, attorneys, accountants, IRS employees, etc) who survive thru the misery inflicted by the Code can be unscrewed from their positions. They've managed to torpedo every effort of this kind in the last 3 decades!

Anyway, enough on this thread...

I salute you and anyone else who supports HR 25.
  • #569,623
  • Dec 4, 2011 2:10pm Dec 4, 2011 2:10pm
Anyone have an idea what the opening price will be, ballpark figure would be good?
  • #569,624
  • Dec 4, 2011 2:11pm Dec 4, 2011 2:11pm
Quoting usdivers
Anyone have an idea what the opening price will be, ballpark figure would be good?

Lemme see, most of the ME is trading all day, The Kiwis have been at their desk for about an hour, which opening price do you want?
  • #569,625
  • Dec 4, 2011 2:13pm Dec 4, 2011 2:13pm
Euribor-OIS 3M spread reached yH last week...Sep 2008 all over again?

EUR is so going so much to sh_t now, what can possibly save the day now? ECB rate cut next week and further ECB actions to be expected, but we all know thatīs not the real deal.

Unless all EU leaders pull their heads out of their asses, bears are going to tear this pair apart...

As trader, I should rejoice, bear trends are much easier to follow...But as a proud european guy, it somewhat hurts me to see everything going into one big cr@p...

Interesting to read posts from late 2009 where this fun was just accelerating (greek debt issues, downgrades etc.)...
Quant Hedge Fund CEO
  • #569,626
  • Dec 4, 2011 2:13pm Dec 4, 2011 2:13pm
Quoting cloggie
I know. Gap trading is so wonderful, we've already had a 35 pip gap down and are now working on a 20 pip gap up. Which one do you trade? I like to trade them all.

We are coming up on 30 pips up here, that's a range of about 70 pips so far today.
  • #569,627
  • Dec 4, 2011 2:16pm Dec 4, 2011 2:16pm
Quoting cloggie
We are coming up on 30 pips up here, that's a range of about 70 pips so far today.

Just hit 30 pips up. This must be getting really confusing for you gap traders here, we've had 35 pips down and are now 30 pips up. Decisions, decisions, decisions, oh my, which gap to trade.

Note to self, open a brokerage that only opens on Wednesday, imagine the size of the gap you can offer these retailers then.......
  • #569,628
  • Dec 4, 2011 2:19pm Dec 4, 2011 2:19pm
Quoting cloggie
Just hit 30 pips up. This must be getting really confusing for you gap traders here, we've had 35 pips down and are now 30 pips up. Decisions, decisions, decisions, oh my, which gap to trade.

Note to self, open a brokerage that only opens on Wednesday, imagine the size of the gap you can offer these retailers then.......
Nah.... Gap up. Double gap now. Lol
  • #569,629
  • Dec 4, 2011 2:19pm Dec 4, 2011 2:19pm
Quoting Tellerton
I'm extremely on board HR 25!

But, I only see it happening when the 2 million or so parasites (tax preparers, attorneys, accountants, IRS employees, etc) who survive thru the misery inflicted by the Code can be unscrewed from their positions. They've managed to torpedo every effort of this kind in the last 3 decades!

Anyway, enough on this thread...

I salute you and anyone else who supports HR 25.
Letīs see how this will work out. It is just my personal analysis of things. I have been following this grassroots process over the past 6 years and i feel very confident that these parasites that you have mentioned will have to find some real work. I dont think the USA will have an alternative but to pass it once things get a bit uncomfortable from next year on. But we shall see, as i said its just my personal thoughts. Anyway my hat off to you that you get actively involved the the political process of the USA. Cheers!
  • #569,630
  • Dec 4, 2011 2:20pm Dec 4, 2011 2:20pm
Quoting cloggie
I know. Gap trading is so wonderful, we've already had a 35 pip gap down and are now working on a 20 pip gap up. Which one do you trade? I like to trade them all.

I realize you're being sarcastic...

but, the rest of you people do know that you can open an OANDA practice account for no money and get some idea of what prices are doing during off hours... right?
  • #569,631
  • Dec 4, 2011 2:21pm Dec 4, 2011 2:21pm
Quoting Tellerton
I realize you're being sarcastic...

but, the rest of you people do know that you can open an OANDA practice account for no money and get some idea of what prices are doing during off hours... right?

Don't go taking the only source of my entertainment on a Sunday night away now you hear, I know where you live.........
  • #569,632
  • Dec 4, 2011 2:22pm Dec 4, 2011 2:22pm
Quoting FXMastermind
Euribor-OIS 3M spread reached yH last week...Sep 2008 all over again?

EUR is so going so much to sh_t now, what can possibly save the day now? ECB rate cut next week and further ECB actions to be expected, but we all know thatīs not the real deal.

Unless all EU leaders pull their heads out of their asses, bears are going to tear this pair apart...

As trader, I should rejoice, bear trends are much easier to follow...But as a proud european guy, it somewhat hurts me to see everything going into one big cr@p...

Interesting to read posts from late...
Upcoming summit will give us more insight into who pulls his or hers head out of respective buttholes...I donīt expect no more than vague proclamations though - as usual.

Germany is clearly preparing ground to bail out from EZ as soon as absolutely necessary to protect their own economy (FT wrote something about Germans secretly investigating how difficult it would be to return to Mark, ruling party clearly against creation of Euro bonds, but Merkel supports idea of some kind of EZ exit for countries which wont be able to handle it (hint: or for countries not willing to go into shit together with all those incompetent pigs...) Without Germany...we all know what it means.
Quant Hedge Fund CEO
  • #569,633
  • Dec 4, 2011 2:23pm Dec 4, 2011 2:23pm
Quoting cloggie
Just hit 30 pips up. This must be getting really confusing for you gap traders here, we've had 35 pips down and are now 30 pips up. Decisions, decisions, decisions, oh my, which gap to trade.

Note to self, open a brokerage that only opens on Wednesday, imagine the size of the gap you can offer these retailers then.......
Oh my, oh my, coming up on 40 pips up here, range today closing on 80 pips.
  • #569,634
  • Dec 4, 2011 2:24pm Dec 4, 2011 2:24pm
Quoting cloggie
Don't go taking the only source of my entertainment on a Sunday night away now you hear, I know where you live.........

oops!
  • #569,635
  • Dec 4, 2011 2:25pm Dec 4, 2011 2:25pm
Quoting Tellerton
oops!

No worries, most here are too stupid to get it anyways. Look at all the idiots posting about gaps and opens right alongside my posts here tonight, the feckers will never learn and some wonder why 90% of retailers fail, I don't. I am surprised the failure rate is that low to be honest.
  • #569,636
  • Dec 4, 2011 2:28pm Dec 4, 2011 2:28pm
Quoting cloggie
Don't go taking the only source of my entertainment on a Sunday night away now you hear, I know where you live.........
quite self entertaining I have to say, still good for a laugh occasionally
  • #569,637
  • Dec 4, 2011 2:29pm Dec 4, 2011 2:29pm
Quoting Turveyd
Trading with a 50SL at 6% risk, a gap of 200pips going against me would hurt and instantly close first seconds FXCM goes live.

To risky for my blood.
How many 200 pip gaps take place in the course of a year? Not too many. It's usually 15 - 40 pip gap. In this market, I don't do SL's. All they have done for me is to lose money. If I go out on a loss, it will be at the 50% retracement, not at the peak.
Taigen Profit This Month: na
  • #569,638
  • Dec 4, 2011 2:29pm Dec 4, 2011 2:29pm
Quoting cloggie
Don't go taking the only source of my entertainment on a Sunday night away now you hear, I know where you live.........
  • #569,639
  • Dec 4, 2011 2:49pm Dec 4, 2011 2:49pm
1 Hour 11 min till the GAP..

How to opt out annoying user signatures ??
  • #569,640
  • Dec 4, 2011 2:51pm Dec 4, 2011 2:51pm
Quoting FXMastermind
... Without Germany...we all know what it means.
I dont see such an event likely. It may come to the table when Europe totally crumbles, but I still bet that comparative advantages surplus beats costs of donating lazy south through higher bond yields etc..

Anyway, I am really looking for this week. My plan is very simple as usuall. Short it like a moron whenever price approaches ressistance. Primary targets beeing 3524, 3582 and if hopium liquidity manages to bring us to 366 - 368 ahh, that would be lovely and I will short even more.

I wonder if any of you reads Grant Williams - Things that make you go Hmmm.. Thats a clever one guy, I really recommend it.

T
"I know one thing, that I know nothing." Sokrates
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