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  • #657,981
  • Edited 4:10am Jun 16, 2012 3:56am | Edited 4:10am
Quoting divak
It won't go belly up, the solution is always that the ECB change its stubborn role and gets printing EUR on demand and buys gov debts...

That's what the Fed and Japanese Central Bank do... (Japan is 200% Debt to GDP, far worse than any EZ country). When in need of buyers for some debt/deficit, call the FED.

So, either they solve it now, or ECB will have to solve it in 5minutes, becoming lender of last resort...
OK, and where has that gotten the US - not to mention the 14 TRILLION in debt. 4 years after the US financial crisis, we have QE 1-2 and useless operation twist. Guess what? Still a recession, still no policy, still no solutions, growing debt, 8.2% unemployment (Spain 25%/Greece 22%, 50% youth), destruction of middle class and wealth. Europe is still in a shit hole. Politicians are arrogant and stubborn, and the citizens are too proud. Lets just keep printing and printing. That crap is going to delay the meltdown, not fix it. Also, I don't see how the Euro is in demand. Nobody knows the outcome. If the road to recovery is through sound policy and such, I can see demand. Not now. It is manipulation. Euro may hit 1.2700, but I bet it's gonna hit 1.2300 a lot faster.

Call it Quantitative Easing, QE, increase liquidity, or inflation of currency. All it does is sugar coat a bitter ending. We need actionable, useful reform that delivers actual results. All QE will do is cause a fixed income bubble by rising the price and lowering the yield, US 10-yr 1.6% and the Bund is lower than that. Economists are uncertain additional QE would help the US significantly. Additionally, what would the US pay for the debts with? Its basically Monopoly money at this point. They will borrow and borrow some more increasing the deficit. Maybe it will help the EZ for a few months.
  • #657,982
  • Jun 16, 2012 4:24am Jun 16, 2012 4:24am
Quoting mv6
e/u sell 2603 sl 2653 tp 2453
sl -50p
More on my Blog...
  • #657,983
  • Jun 16, 2012 4:24am Jun 16, 2012 4:24am
Has any one else seen multiple quotes for the Friday close? I have seen 1.2639, 1.2641 and another weird close. I am now using my ThinkorSwim platform to set up orders and what not, and my final closing price for the EUR/USD, according to TOS, is 1.263935 and watched it flick down to 1.26377 for about a minute and then watched it flick back to the closing price.

I even noticed people posting various prices. Is there not a universal price?
  • #657,984
  • Jun 16, 2012 4:27am Jun 16, 2012 4:27am
Quoting mv6
sl -50p
My fellow brave trader - do you not think if it were to gap up it be more than 50 pips or just hoping it doesn't?
  • #657,985
  • Jun 16, 2012 4:41am Jun 16, 2012 4:41am
Quoting pip_trader
OK, and where has that gotten the US - not to mention the 14 TRILLION in debt. 4 years after the US financial crisis, we have QE 1-2 and useless operation twist. Guess what? Still a recession, still no policy, still no solutions, growing debt, 8.2% unemployment (Spain 25%/Greece 22%, 50% youth), destruction of middle class and wealth. Europe is still in a shit hole. Politicians are arrogant and stubborn, and the citizens are too proud. Lets just keep printing and printing. That crap is going to delay the meltdown, not fix it. Also, I don't see how...
Nowhere for sure. But at least, it can solve any liquidity/financing problem for a year. Problem becoming inflation but...

Japan is surviving like that, i didnt mention only US. Japan has been in a dead growth for the past 20 years.
  • #657,986
  • Jun 16, 2012 4:41am Jun 16, 2012 4:41am
Quoting Trader8888
Do any of you use FX robot such as Million Dollar Pips or else? Just wish to get a little insight about that. Thanks a lot guys, have a wonderful weekend.
Dont get stuck in the mess of EA's .... They all badly suck in the long run ... Plus 98 percent of the time , users do not even know who wrote them or what and how they do what they do ....
Human
  • #657,987
  • Edited 5:28am Jun 16, 2012 5:03am | Edited 5:28am
Quoting divak
Nowhere for sure. But at least, it can solve any liquidity/financing problem for a year. Problem becoming inflation but...

Japan is surviving like that, i didnt mention only US. Japan has been in a dead growth for the past 20 years.
I know. I was just commenting on what I am familiar with. I know Japan has been in recession or a slow economy since the '80s, but is dead growth surviving? A bad economy weighs on it's people; all I was getting at is that it may work a few month or a year, but than what? The US has not had a budget in three years. Europe knew of the debt issue long before the last couple of months.

The topic drives me insane because politicians preach how they want a plan, need a plan, but only if it meets their agenda. At 14 trillion with the US, 990+ billion in Spain, 2 trillion in Italy and so on, shit needs to happen now. Should have happened a long time ago. When is it time for these jackass-cowards in whatever country to lock themselves in a room and get some shit done.

Everyday Obama, a congress member, Drahgi and others get on global tv spewing how vital it is to form budgets, reform, and policies and nothing. Talk is cheap. Citizens in THEIR own countries vote for these men and women to guide their countries into prosperity and they have done the complete opposite.

"I may disagree with parts of his program but that doesn't worry me too much because no party applies its program once it's in power," said Varoufakis, a Syriza sympathizer. No party or politician ever applies anything they speak or promise.

Its crap like this that makes me lose faith in these people.

Also, It may also be very unlikely for US QE3 because of the current bond prices and yields as I stated in the other post. Just read how Bernake said it is unlikely due to "deminishing returns." This may not effect Europe's monetary easing, but the US has rallied due to hopes of QE3 and anything less will be a disappointment, which could equal a stronger dollar, less risk assets and possible declining in EUR/USD.
  • #657,988
  • Jun 16, 2012 5:51am Jun 16, 2012 5:51am
Quoting pip_trader
I know. I was just commenting on what I am familiar with. I know Japan has been in recession or a slow economy since the '80s, but is dead growth surviving? A bad economy weighs on it's people; all I was getting at is that it may work a few month or a year, but than what? The US has not had a budget in three years. Europe knew of the debt issue long before the last couple of months.

The topic drives me insane because politicians preach how they want a plan, need a plan, but only if it meets their agenda. At 14 trillion with the US, 990+ billion...
Agree.
  • #657,989
  • Jun 16, 2012 6:11am Jun 16, 2012 6:11am
The rates change and move even when the markets are not open . There should be a remsemblance of consistency but remember when you look at 1 pip it is 1 10,000th so for the brokers and dealers 10 pips is nothing to be concerned about. For us as traders apparently it is.

Quoting pip_trader
Has any one else seen multiple quotes for the Friday close? I have seen 1.2639, 1.2641 and another weird close. I am now using my ThinkorSwim platform to set up orders and what not, and my final closing price for the EUR/USD, according to TOS, is 1.263935 and watched it flick down to 1.26377 for about a minute and then watched it flick back to the closing price.

I even noticed people posting various prices. Is there not a universal price?
Trading Consultants Inc JJG
  • #657,990
  • Jun 16, 2012 8:39am Jun 16, 2012 8:39am
Quoting pip_trader
Has any one else seen multiple quotes for the Friday close? I have seen 1.2639, 1.2641 and another weird close. I am now using my ThinkorSwim platform to set up orders and what not, and my final closing price for the EUR/USD, according to TOS, is 1.263935 and watched it flick down to 1.26377 for about a minute and then watched it flick back to the closing price.

I even noticed people posting various prices. Is there not a universal price?

No, there is not a universal price. This is because there is no centralized single marketplace for a currency as there is say for IBM stock.

IBM stock can only be obtained from one marketplace.

You might say there is a universal average price, at any given moment, but that is just it. It only last for a moment.

Universal average BEST price is what you're seeing(hopefully) on your brokers ticker that they can offer you at the moment that they get from all the suppliers of currency data they are working with.
  • #657,991
  • Jun 16, 2012 8:45am Jun 16, 2012 8:45am
i am no expert but with the greek elections tomorrow this is an unusual weekend and might explain the fluctuations.
  • #657,992
  • Jun 16, 2012 8:49am Jun 16, 2012 8:49am
Just one chart for the weekend

http://s18.postimage.org/jllmdg4op/djia.gif
image hosting adult

Maybe it has already started without official statement like in nov 2010 ???
swing it!
  • #657,993
  • Jun 16, 2012 9:03am Jun 16, 2012 9:03am
moning guys.
Dont Giveup If You Lose.. Try To Learn From Your Fault. U will Sucess!!
  • #657,994
  • Jun 16, 2012 9:10am Jun 16, 2012 9:10am
I couldn't agree more with what you said. I have lost faith in people too, but I never lost faith in the Markets. The Markets always have the last word, and they will destroy all these politicians for the big reset. Problem is people will suffer and will die for nothing... But that will have to happen sooner or later. There's absolutely no other way...

Quoting pip_trader
I know. I was just commenting on what I am familiar with. I know Japan has been in recession or a slow economy since the '80s, but is dead growth surviving? A bad economy weighs on it's people; all I was getting at is that it may work a few month or a year, but than what? The US has not had a budget in three years. Europe knew of the debt issue long before the last couple of months.

The topic drives me insane because politicians preach how they want a plan, need a plan, but only if it meets their agenda. At 14 trillion with the US, 990+ billion...
  • #657,995
  • Jun 16, 2012 9:18am Jun 16, 2012 9:18am
Well said

Quoting pip_trader
I know. I was just commenting on what I am familiar with. I know Japan has been in recession or a slow economy since the '80s, but is dead growth surviving? A bad economy weighs on it's people; all I was getting at is that it may work a few month or a year, but than what? The US has not had a budget in three years. Europe knew of the debt issue long before the last couple of months.

The topic drives me insane because politicians preach how they want a plan, need a plan, but only if it meets their agenda. At 14 trillion with the US, 990+ billion...
Tracking the Specialists.
  • #657,996
  • Jun 16, 2012 10:31am Jun 16, 2012 10:31am
interesting article:
http://www.kikkichimoku.com/blog/201...fibonacci.html
{Promotion Removed}
  • #657,997
  • Jun 16, 2012 11:33am Jun 16, 2012 11:33am
Been on a long year + Vacation and glad to be back in the community. Will provide input as usual when I am able. Happy trading it's gonna be an interesting week. Esp. eur/xxx.

~FXC
"Diversification is an excuse for a lack of talent" ~FXC
  • #657,998
  • Jun 16, 2012 11:41am Jun 16, 2012 11:41am
Quoting kikkofrio
interesting article:
http://www.kikkichimoku.com/blog/201...fibonacci.html
Wish it was in Anglais!!
  • #657,999
  • Jun 16, 2012 12:38pm Jun 16, 2012 12:38pm
Dear Trader,

This Sunday, on 17 June 2012, the Greek voters will yet again go to the polls, trying to elect a new parliament that would be able to form a functional government. Essentially, it’s a vote between two options: Greece staying in the eurozone, or exiting. Whatever the outcome, please be aware that we may see big gaps when the Forex markets open on Sunday night, followed by high levels of volatility.

High volatility can create trading opportunities. This is not only expected to affect the euro but also other currencies around the world, therefore it can be beneficial to keep following the markets closely. Remember, the polls open in Greece on Sunday at 4:00 GMT (5:00 BST) and close at 16:00 GMT (17:00 BST), and speculation about the outcome will begin immediately after the initial results start coming in.

High volatility also increases risks, so it’s advisable to adjust your trading strategies to compensate for the market. Please also be aware that high volatility could trigger stop orders that you may have in place. If you don’t have any stops in place, we strongly suggest you apply them to limit your potential losses. High volatility may also result in significantly wider or tighter spreads. We advise you to check your open orders and positions and take necessary precautions.
  • #658,000
  • Jun 16, 2012 12:47pm Jun 16, 2012 12:47pm
Quote
Essentially, it’s a vote between two options: Greece staying in the eurozone, or exiting.

NO WAY, its only a voting, and even if Siritza wins, there will pass months till the Grexit decision, IF they exit, what i doubt..

I agree there will be big Spikes, but only because of the Hype.
And at the end of the weekend, business as usual..

"Dont believe the Hype" Public Enemy 1988
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