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  • #27,221
  • May 30, 2012 6:06pm May 30, 2012 6:06pm
i love sand castles

http://www.dailyhotchick.com/sites/d...ndy-butt-6.jpg
  • #27,222
  • May 30, 2012 6:06pm May 30, 2012 6:06pm
Quoting roro53
i knew you were a dog....all the english manners and culture didn't fool me for a minute
...occassionally allow one's guard to slip.

Okay, need to retire for the evening. Try to catch up tomorrow evening.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #27,223
  • May 30, 2012 6:22pm May 30, 2012 6:22pm
hey ingmar.........great legs, i think..........getting some laid back time i hope

http://www.dailyhotchick.com/sites/d...17-500-500.jpg
  • #27,224
  • May 30, 2012 6:44pm May 30, 2012 6:44pm
Home stopped breakeven. On that long well it was to ambitous lol should coulda shorted the turd when you hope it will go higher to short it it keeps falling like a rock.

Hmm to tired to do any analysis now will see tommorow
  • #27,225
  • May 30, 2012 6:44pm May 30, 2012 6:44pm
Quoting roro53
hey ingmar.........great legs, i think..........getting some laid back time i hope

http://www.dailyhotchick.com/sites/d...17-500-500.jpg
Yeah
  • #27,226
  • May 30, 2012 6:46pm May 30, 2012 6:46pm
I go long zzzzzz tired.


Cya later roro
  • #27,227
  • May 30, 2012 7:24pm May 30, 2012 7:24pm
it gets deeper........if t is all of this is so complicated then no one knows, right.............that is a sentiment i think has been expressed by confusion calls around the mkts

smikester and the FBI may be on the same side here

"....this is just the beginning. The reality is that with this revelation it likely means that JPM is probably lying about the fair value of thousands if not millions of other OTC-based products. Which goes to one simple thing.

Non-existent internal controls!


Because while JPM can blame an entire prop trading office for a pair trade gone wrong, it will have a very tough time explaining how marks impacting billions in P&L could have sneaked past the middle and back office.



Which, however, is possible, at least in theory.



This brings us to MarkIt - a company that has long been in the public eye for being the primary source of CDS marks, which would be great if not for one small glitch: it is also partially owned by the same banks which stand to benefit if MarkIt "nudges" the market in one way or another.


The following report from Mark Mitchell from 2009 does a great job of exposing some of the potential dirt that MarkIt may be involved in, and raises some critical questions that have never been answered, and which if addressed in the past could have spared JPM shareholders, and potentially US taxpayers, billions in losses:




Did The Markit Group, A Black-Box Company Partially Owned By Goldman Sachs and JP Morgan, Devastate Markets?




http://www.zerohedge.com/news/second...-default-swaps
  • #27,228
  • May 31, 2012 2:00am May 31, 2012 2:00am
Interesting Article. Thanks Roro.

GM All

Today End of Month .... so ... Maybe Some action today

Enjoy.
Attached Image
  • #27,229
  • Edited 6:13am May 31, 2012 4:13am | Edited 6:13am
Quoting roro53
it gets deeper........if t is all of this is so complicated then no one knows, right.............that is a sentiment i think has been expressed by confusion calls around the mkts

smikester and the FBI may be on the same side here

"....this is just the beginning. The reality is that with this revelation it likely means that JPM is probably lying about the fair value of thousands if not millions of other OTC-based products. Which goes to one simple thing.

Non-existent internal controls!


Because while...
......Great article roro, thanks a lot.......

........it looks like Mr Cuomo, want's to keep his job........

[Last year, the media reported that New York Attorney General Andrew Cuomo had sent subpoenas to Markit Group as part of an investigation into possible manipulation of credit default swap prices by short sellers. This investigation, like Mr. Cuomo’s other investigations into market manipulation, have yielded no prosecutions.]

but I love your Pics, I didn't know you had such a good taste in photografy ........thanks.
The Chonchy
  • #27,230
  • May 31, 2012 4:16am May 31, 2012 4:16am
Quoting dswk
Interesting Article. Thanks Roro.

GM All

Today End of Month .... so ... Maybe Some action today

Enjoy.
........Well some action in deed you will find if she gets you with that wip.......

.........I also see some action to the upside for a change, like you say maybe end of the month we see some pull back to then keep going.......or not, maybe the germans desided to help their fellow neigbors.......

Attached Image (click to enlarge)
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.......I sold the franc then, lock in +1.......

Attached Image (click to enlarge)
Click to Enlarge Name: franc.gif Size: 19 KB
The Chonchy
  • #27,231
  • May 31, 2012 5:19am May 31, 2012 5:19am
......I took some profits to start the morning, it looks like we are going back to the old trend......no change, or is it to early to tell......

........dswk, are you still in your longs on the yurow?

Attached Image (click to enlarge)
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The Chonchy
  • #27,232
  • May 31, 2012 5:20am May 31, 2012 5:20am
........good morning dswk, good morning smikester.....good morning fellow readers........
The Chonchy
  • #27,233
  • May 31, 2012 5:24am May 31, 2012 5:24am
.........My guess is a retrace to the yellow ema5 and keep going down, but we may have a more extended retrace, we never know how retraces work, or if is in deed going to turn........we will have to wait and see.....what do you guys think?

Attached Image (click to enlarge)
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The Chonchy
  • #27,234
  • May 31, 2012 5:43am May 31, 2012 5:43am
Quoting smikester
All looking ripe for big moves.


Gbp/Jpy has been consolidating in 100 pip range for 5 days. Unheard of!
...
For me this was a text book break out. One of the hardest pairs to trade but I couldn't resist a very low risk (<1%) break out trade. No point in straddling here, it's a strong down trend.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy120531h1.gif Size: 37 KB


I deleted all my S/R lines except the one at the bottom of the chart because they were completely meaningless for this pair. Not sure if it will hold or not. I doubt it and so I'm holding on to the trade until after the weekend. Mostly I use Donchian Channels to identify compression just before a break out. The best trade is to watch the break and sell the retest under the consolidation. S/L is deep inside the consolidation. R : R is high and so it should be. 6 : 1 currently. The last one of these on this pair was weeks ago. It's a waiting game. Over the weekend I may be stopped out at break even.
Gone to a better place
  • #27,235
  • May 31, 2012 5:43am May 31, 2012 5:43am
nice chart smikester, question, why don't you take profits here? or should I say where do you take profits?
The Chonchy
  • #27,236
  • May 31, 2012 5:48am May 31, 2012 5:48am
Quoting chonchy
......I took some profits to start the morning, it looks like we are going back to the old trend......no change, or is it to early to tell......

........dswk, are you still in your longs on the yurow?

Attachment
no no... Got a One2One Bear @ 2420 zone .. so ... out and renverse with the main trend...
  • #27,237
  • May 31, 2012 5:49am May 31, 2012 5:49am
Quoting smikester
For me this was a text book break out. One of the hardest pairs to trade but I couldn't resist a very low risk (<1%) break out trade. No point in straddling here, it's a strong down trend.

Attachment

I deleted all my S/R lines except the one at the bottom of the chart because they were completely meaningless for this pair. Not sure if it will hold or not. I doubt it and so I'm holding on to the trade until after the weekend. Mostly I use Donchian Channels to identify compression just before a break out. The best trade is to watch...
.........Ok, sell the retest under the consolidation, with a stop a bit over the uper side of the Donchian Channel correct?
The Chonchy
  • #27,238
  • May 31, 2012 5:50am May 31, 2012 5:50am
Quoting dswk
no no... Got a One2One Bear @ 2420 zone .. so ... out and renverse with the main trend...

.......Nice, I got you dswk, that is what I was thinking also to do but hesitate, waiting for confirmation of the continuance of the move down, I don't have that yet.....
The Chonchy
  • #27,239
  • May 31, 2012 5:55am May 31, 2012 5:55am
Last move on yurrow look like :
Attached Image
  • #27,240
  • May 31, 2012 5:59am May 31, 2012 5:59am
Quoting dswk
Last move on yurrow look like :
Looks like an accurate chart to me. Good place to enter?
Gone to a better place
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