"Don't Panic..."
- #36,882
- Jun 14, 2012 1:19am Jun 14, 2012 1:19am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Morning PT, thanks for analysis and chart as always.
Morning BFSG. Should be an interesting day. I will be looking to take some more partial profits between today and tomorrow. Hope I don't make the wrong decisions 
Those who say it cannot be done should not interrupt those who are doing it
- #36,883
- Jun 14, 2012 1:21am Jun 14, 2012 1:21am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Technically I will be an economist very soon, but I find that quite embarrassing (because they are always wrong), so I'm sticking with 'trader' or 'exchange rate decider'.
Those who say it cannot be done should not interrupt those who are doing it
- #36,884
- Jun 14, 2012 1:22am Jun 14, 2012 1:22am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #36,885
- Jun 14, 2012 1:23am Jun 14, 2012 1:23am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #36,886
- Jun 14, 2012 1:24am Jun 14, 2012 1:24am
- | Commercial User | Joined May 2012 | 3,285 Posts
Hey PT!
Thanks for your posts and insight! Always appreciated
I was wondering if you could confirm the following if possible?
http://rt.com/business/news/greek-dr...rg-trades-769/
Traders around the world have been staring at their Bloomberg screens, hardly believing their eyes. The electronic information platform has been showing details for possible Greek Drachma trading.
The Bloomberg helpdesk described it as "an internal function which is set up to test."
If this is true, what does this mean exactly?
Thanks for your posts and insight! Always appreciated
I was wondering if you could confirm the following if possible?
http://rt.com/business/news/greek-dr...rg-trades-769/
Traders around the world have been staring at their Bloomberg screens, hardly believing their eyes. The electronic information platform has been showing details for possible Greek Drachma trading.
The Bloomberg helpdesk described it as "an internal function which is set up to test."
If this is true, what does this mean exactly?
- #36,887
- Jun 14, 2012 1:24am Jun 14, 2012 1:24am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
Technically: here is a ABC correction in EW so you can see that C could reach any of those levels. If right now there is a small correction @1.253 and then break 1.261 the possibilities increase because the targets depends of the deep of the first retracement...
Fundamentally: Nobody knows how long gets the market after the election, but how you said the is: "large net short position" (its the biggest all times). If the election is really good to Greece stays in the EZ, the possibility that fear fills all those people is big and then covered...
And the net short position is not the biggest of all time but it's close. The times it was larger than this we got a 2000 pip short squeeze, and when net longs were larger than net shorts are right now (May 1st 2011), we got bearish reversal (and the 20% silver price smash in 2 seconds)
But still not at what I would consider an extreme net short position
An opportunity lost is not a capital cost.
- #36,888
- Jun 14, 2012 1:25am Jun 14, 2012 1:25am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Here's a nice story and some good advice to prepare for the weekend.
Those who say it cannot be done should not interrupt those who are doing it
- #36,889
- Jun 14, 2012 1:26am Jun 14, 2012 1:26am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Hello PT, I am going to sleep keep in touch... There is a possibility to take 1.2455 just keep in mind 
Stocktwit: LuisCarlos - twitter: @lcparodi
- #36,890
- Jun 14, 2012 1:27am Jun 14, 2012 1:27am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Hey PT!
Thanks for your posts and insight! Always appreciated
I was wondering if you could confirm the following if possible?
http://rt.com/business/news/greek-dr...rg-trades-769/
Traders around the world have been staring at their Bloomberg screens, hardly believing their eyes. The electronic information platform has been showing details for possible Greek Drachma trading.
The Bloomberg helpdesk described it as "an internal function which is set up to test."
If this is true, what does this...
Those who say it cannot be done should not interrupt those who are doing it
- #36,893
- Jun 14, 2012 1:29am Jun 14, 2012 1:29am
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #36,894
- Jun 14, 2012 1:33am Jun 14, 2012 1:33am
- | Commercial User | Joined May 2012 | 3,285 Posts
both trades triggered....
manually watching for next areas of support
30 pip hard stop on each.... 1% risk
- #36,895
- Jun 14, 2012 1:36am Jun 14, 2012 1:36am
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
I'm right there with you on the EU 1.2564 TP @ 1.25
- #36,896
- Jun 14, 2012 1:37am Jun 14, 2012 1:37am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
What levels are you looking at taking partial profit? 1.2520 or 1.2450 maybe?
An opportunity lost is not a capital cost.
- #36,898
- Jun 14, 2012 1:42am Jun 14, 2012 1:42am
- | Commercial User | Joined Apr 2012 | 1,121 Posts
An opportunity lost is not a capital cost.
- #36,900
- Jun 14, 2012 1:45am Jun 14, 2012 1:45am
- | Joined Dec 2009 | Status: Bear | 1,009 Posts
both trades triggered....
manually watching for next areas of support
30 pip hard stop on each.... 1% risk
TL broken