DislikedHow bad this news ?
06:32 PM ECB TEMPORARILY SUSPENDS GREEK DEBT FOR USE AS COLLATERAL
06:32 PM ECB SAYS MOVE REFLECTS GREEK DEBT RATING IN LIGHT OF PSI
edit : equity moving downwardIgnored
- #600,722
- Feb 28, 2012 1:50am Feb 28, 2012 1:50am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
Oh boy, this looks just like another sh_tty day in front of us...
waiting for london open now and will see if there will be some action, otherwise no new trades for me now
- #600,724
- Feb 28, 2012 1:55am Feb 28, 2012 1:55am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
there is nothing to do with the news...its all abt the flows...month end approaching and so everyone will be trying to balance their books...
...noobs will get burned
Quant Hedge Fund CEO
- #600,725
- Feb 28, 2012 2:00am Feb 28, 2012 2:00am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
- #600,726
- Feb 28, 2012 2:00am Feb 28, 2012 2:00am
- | Commercial User | Joined May 2006 | 1,808 Posts
Exactly.
...noobs will get burned
- #600,727
- Feb 28, 2012 2:03am Feb 28, 2012 2:03am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
Quant Hedge Fund CEO
- #600,730
- Feb 28, 2012 2:07am Feb 28, 2012 2:07am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
should have waited for consolidation... markets are way too volatile for my taste... and with switzerland employment coming in 10min..i dont know :S
currently market is none correct level..anything can turn from any where, still it get a fixed trend..
and swiss impact has nothing do to with euro trade
- #600,731
- Feb 28, 2012 2:08am Feb 28, 2012 2:08am
- | Membership Revoked | Joined Jul 2011 | 3,291 Posts
- #600,733
- Feb 28, 2012 2:13am Feb 28, 2012 2:13am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
Quant Hedge Fund CEO
- #600,735
- Feb 28, 2012 2:28am Feb 28, 2012 2:28am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
- #600,737
- Feb 28, 2012 2:29am Feb 28, 2012 2:29am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
Quant Hedge Fund CEO
- #600,739
- Feb 28, 2012 2:35am Feb 28, 2012 2:35am
- | Joined Jan 2012 | Status: So far so good | 205 Posts
nope.. only if u trade eurchf and not for eurusd
basically if you use the same "USD-denominator", EUR and CHF move in the same direction with high correlation (above 70%).
It also makes some sense: Switzerland is in the fricking middle of Europe! (I know geographical location is not a good enough argument for this kind of debate, and this is why I put the chart before).
Anyway, swiss employment impact was not too strong (even on USD/CHF) so it's all good
Daily Target: 20 pips
- #600,740
- Feb 28, 2012 2:41am Feb 28, 2012 2:41am
- Joined Jan 2011 | Status: Winning is my hobby! | 2,120 Posts
the graphs I attached were EUR/USD and USD/CHF
basically if you use the same "USD-denominator", EUR and CHF move in the same direction with high correlation (above 70%).
It also makes some sense: Switzerland is in the fricking middle of Europe! (I know geographical location is not a good enough argument for this kind of debate, and this is why I put the chart before).
Anyway, swiss employment impact was not too strong (even on USD/CHF) so it's all good