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  • #1,141
  • Jul 25, 2012 3:08am Jul 25, 2012 3:08am
Quoting palabara
Non of it makes any freaking sense.. but they are trying.. I guess.
That is the way the current economy works and is the reason why there's a whole school of economists/finance professionals who have only just woken up and are now warning at how unsustainable a global system we have only after being smacked in the face by the cracks.

Europe is not the only country with unsustainable debt, the whole world is and whether or not everyone else is producing enough growth to sustain the debt levels remains to be seen.

Just think of the global economy as a trader who always over-leverages his positions and is trying to have more winners than he has losers. Slowly but surely he will go broke.
  • #1,142
  • Jul 25, 2012 3:08am Jul 25, 2012 3:08am
Quoting KiNgEdwarD
some posts back DB said the best price was 39x to short,wtf
A time to short when it was 1.0239
A time to long when it was 1.0216
A time to short when it was 1.0264

At different time you take different trades.
You may have to open a demo account and learn how to trade first.
daddybearforex. com
  • #1,143
  • Jul 25, 2012 3:09am Jul 25, 2012 3:09am
Quoting palabara
reminds me off in 2008-2009 when all this europeans we're coming to United States more specifically NY for shopping trips! HA- there you go where is your shopping trips now!
Just wait after the elections in US. After all the hidden crap will start to come out.

And, don't gloat to much. US is in deeper shit that all the rest put together.

And good luck to you too.

BR
  • #1,144
  • Jul 25, 2012 3:09am Jul 25, 2012 3:09am
Quoting Esssex
That is the way the current economy works and is the reason why there's a whole school of economists/finance professionals who have only just woken up and are now warning at how unsustainable a global system we have only after being smacked in the face by the cracks.

Europe is not the only country with unsustainable debt, the whole world is and whether or not everyone else is producing enough growth to sustain the debt levels remains to be seen.

Just think of the global economy as a trader who has over-leveraged his positions and is having more...
Oh I know trust me. I understand what's going on.. I just don't get what they are trying to do, It's not a solution.
There are those who know, and there are those who don't know.
  • #1,145
  • Jul 25, 2012 3:10am Jul 25, 2012 3:10am
Quoting irfandbl
so, does this mean we're going to the theater to watch the sequel?
but wait, ground zero as in the one we already touched earlier? or deeper?
May be higher.
daddybearforex. com
  • #1,146
  • Jul 25, 2012 3:10am Jul 25, 2012 3:10am
Quoting DaddyBear
A time to short when it was 1.0239
A time to long when it was 1.0216
A time to short when it was 1.0264

At different time you take different trades.
You may have to open a demo account and learn how to trade first.
ok.and the tp of 1.0264 trade should be?
Sometimes it's better to be wrong,to learn..
  • #1,147
  • Jul 25, 2012 3:10am Jul 25, 2012 3:10am
Quoting tp0440
Just wait after the elections in US. After all the hidden crap will start to come out.

And, don't gloat to much. US is in deeper shit that all the rest put together.

And good luck to you too.

BR
I don't need to wait for shit to come out lol. Things are pretty shitty here.. its no secret.. I just thought it was funny, when we we're scrambling Europeans we're using the cheap dollar to go to 5th avenue.
There are those who know, and there are those who don't know.
  • #1,148
  • Jul 25, 2012 3:13am Jul 25, 2012 3:13am
Quoting palabara
I don't need to wait for shit to come out lol. Things are pretty shitty here.. its no secret.. I just thought it was funny, when we we're scrambling Europeans we're using the cheap dollar to go to 5th avenue.
Hey, people try to get the best for their money. What's wrong with that? (and no, I wasn't amonghts them, but that was my loss).

BR
  • #1,149
  • Jul 25, 2012 3:18am Jul 25, 2012 3:18am
Quoting DaddyBear
May be higher.
what I meant by another drop was going deeper Papa, I was aiming 1.0160 (more or less by 5 - 10 pips) as the first target. I asked the guys here what were the lows they got from their broker because mine shows 1.0174 but Oanda shows 1.0166, the answers from the guys varied between 1.017x range, so maybe that was it, that was the target...but I'm just not sure, don't want to get underwater when I reload my longs because I have the feeling that the bears are still hiding behind the bushes..

btw, you're up so early Papa
  • #1,150
  • Jul 25, 2012 3:18am Jul 25, 2012 3:18am
Quoting tp0440
Just wait after the elections in US. After all the hidden crap will start to come out.

And, don't gloat to much. US is in deeper shit that all the rest put together.
So is that your strategy? Wait for after election?
  • #1,151
  • Jul 25, 2012 3:19am Jul 25, 2012 3:19am
blown my 13th account,good luck to you people
Sometimes it's better to be wrong,to learn..
  • #1,152
  • Jul 25, 2012 3:21am Jul 25, 2012 3:21am
Quoting 2+2=4ex
So is that your strategy? Wait for after election?
You think?

I don't really care, what the direction is as long as I'm in it (in right direction that is). I don't shop in NY. If EUR goes down, so do prices in general (mostly anyway), so living standard doesn't really change. And cheaper EUR will help boost the economy in Europe, so - I don't have an issue with weaker EUR. EUR should be parity with US$ to beging with and should never be at 1,65. This was a consequence of US manipulation, but that's another story. We are in the beggining of a painful process here, so my only strategy is to keep afloat.

BR
  • #1,153
  • Jul 25, 2012 3:21am Jul 25, 2012 3:21am
Quoting palabara
Oh I know trust me. I understand what's going on.. I just don't get what they are trying to do, It's not a solution.
The solution lies with the government and their people provided they are willing to go through a few harsh years in return for recovery.

Cut spending on consumer goods, start spending on capital goods and improving infrastructure for higher production/growth capabilities. Oh and cut those nonsensical social welfare crap.
  • #1,154
  • Jul 25, 2012 3:22am Jul 25, 2012 3:22am
Quoting KiNgEdwarD
blown my 13th account,good luck to you people
Innalillahi Wa'inailaihi Roji'un

best of luck to the 14th one bro
  • #1,155
  • Jul 25, 2012 3:24am Jul 25, 2012 3:24am
Quoting irfandbl
Innalillahi Wa'inailaihi Roji'un

best of luck to the 14th one bro
account blown doesn't means i'm dead....lol
Sometimes it's better to be wrong,to learn..
  • #1,156
  • Jul 25, 2012 3:25am Jul 25, 2012 3:25am
reload sell 1 .0290
  • #1,157
  • Jul 25, 2012 3:28am Jul 25, 2012 3:28am
Quoting KiNgEdwarD
account blown doesn't means i'm dead....lol
LOL

I know bro, saying the phrase doesn't only mean that a person has died..it could be said when something unwanted happens too
  • #1,158
  • Jul 25, 2012 3:32am Jul 25, 2012 3:32am
Quoting irfandbl
LOL

I know bro, saying the phrase doesn't only mean that a person has died..it could be said when something unwanted happens too
that's funny.
  • #1,159
  • Jul 25, 2012 3:33am Jul 25, 2012 3:33am
Quoting irfandbl
btw, you're up so early Papa
I am up all night. I take my trades SERIOUSLY.
daddybearforex. com
  • #1,160
  • Jul 25, 2012 3:33am Jul 25, 2012 3:33am
Quoting tp0440
You think?

I don't really care, what the direction is as long as I'm in it (in right direction that is). I don't shop in NY. If EUR goes down, so do prices in general (mostly anyway), so living standard doesn't really change. And cheaper EUR will help boost the economy in Europe, so - I don't have an issue with weaker EUR. EUR should be parity with US$ to beging with and should never be at 1,65. This was a consequence of US manipulation, but that's another story. We are in the beggining of a painful process here, so my only strategy is...
The whole reason why the EUR got stronger than the USD is plain demand/supply.

Europe is a huge exporter of goods and hence will have their transactions done in EUR. This causes an increase in demand for the EUR while the US has always been a consumption based economy so in order to pay the Europeans their EUR they have to sell away their USD and buy EUR thereby increasing the supply of USD, increasing demand of EUR.

Basic supply and demand. There's a reason why growing export orientated economies usually have aggressive monetary policies to halt the appreciation of their currency.
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