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  • #48,221
  • Aug 18, 2012 7:11pm Aug 18, 2012 7:11pm
Quoting CurrencyMan
I read it with interest since trading USD/JPY was one of my TRADE PLANS a few years ago.

I Shorted USD/JPY all the way down from 1.1800 to near 1.0000

The way I plan these trade opportunities if it is one is to file the article away in my memory bank and if I see USD/JPY start to move up I review the thoughts of the writer who I follow.

The next 3 months ending with the US election should be very interesting.

Enjoy your weekend and always smell the roses.

You follow "Money & Markets" by Martin Weiss? I have always enjoyed DailyWealth, Weiss Research, and The Sovereign Investor.

Congratulations on your U/J trade CurrencyMan! Thanks, hope you're enjoying your weekend as well.
  • #48,222
  • Aug 18, 2012 7:15pm Aug 18, 2012 7:15pm
Quoting CurrencyMan
TO win in LIFE we need Dreams. WE can perhaps meet in Malta with our friend and leader
PiPTrapper...

There is plenty of Ocean and Good Food there. A nice Friendly Country for good people and good times.

LET'S DO IT !!!
Ha ha ha ha ...
Watch your words, as many of us may treat it (too) seriously...
For me it's only 100Euro flight ticket.
No problem for me, I can go tomorrow...
But I can only imagine PT's face when 50 FF-guys knocking his door yelling:
Hey, it's party time!!!
Attached Image
Read Charts - Not Papers
  • #48,223
  • Aug 18, 2012 7:33pm Aug 18, 2012 7:33pm
http://www.zerohedge.com/contributed...ops+to+zero%29

Snippet:

By EconMatters, Aug. 18, 2012
After reporting an uptick of national unemployment rate of 8.3%, it is of little surprise that the Labor Dept. said on Friday that jobless rates rose in 44 U.S. states in July, with many states showing a monthly increase in more than three years.

http://4.bp.blogspot.com/-TXVbLRFWhd...oyJuly2012.jpg
Chart Source: Calculated Risk, August 17, 2012


Unemployment Rate To Remain Sticky
On the surface, the U.S. national unemployment rate has seemingly dropped almost a full percentage point from the high of 2011. Nevertheless, the record rate of people dropping out of labor force, and long term unemployment has become a bigger problem than ever before, suggest the real labor market is worse than the headline unemployment rate entails. Remember, people in the "Not in Labor Force" bracket (e.g., going back to school, discourage job finders quit looking, etc.) are not counted as "unemployed."


Monthly job gains have averaged 150,000 this year, close to the 150,000 to 200,000 a month of new jobs Fed Chairman Bernanke said needed to reduce the unemployment. But eventually, a significant number of people will come back in the labor force to find jobs again, coupled with the increasing difficulty for the long-term unemployed to land a job, expect the jobless rate to remain sticky for the next few years.


Fed's Dual Mandate Performance

Federal Reserve has a dual mandate to pursue price stability and maximum employment. Right now, while the annual trend in prices is trending closely to the Fed's 2% target, the headline unemployment rate is still well above the pre-recession level of around 5%. The chart below from the CFR (Council on Foreign Relations) plots actual inflation and unemployment performance relative to the two targets (CFR uses 5.6% as Fed's target for unemployment) since 2002.
  • #48,224
  • Aug 18, 2012 8:18pm Aug 18, 2012 8:18pm
http://www.businessinsider.com/europ...-assets-2012-8


Snippet:


Deutsche Bank analyst Jan Schildbach released a bit of research that details how European banks have significantly decreased exposure to the United States.

Prior to the financial crisis, Europe’s banks steadily expanded their presence in the US. Assets held by euro-area banks peaked in September 2007 at more than USD 1.5 tr – equivalent to 50% of all foreign bank assets in the US. Since then, this share has plummeted to 30% (USD 973 bn). German banks cut their US assets to USD 267 bn – the lowest level since December 2004.

The attached chart explains the drop in exposure to United States compared to how Canadian and Japanese banks have increased their exposure. The drop is impressive, and the gap between exposure for European banks to the United States compared to Canadian and Japanese banks is continuing to close.


http://static3.businessinsider.com/i...s-exposure.png
Deutsche Bank


Much of the banks' decrease in exposure is due to pressure to deleverage and focus more on domestic markets. Combined, Japanese banks and Canadian banks now have more exposure to the United States than all of the European banks.

Schildbach concludes that the drop in exposure to the United States may allow domestic banks in America to gain business at the expense of "troubled European competitors." While European banks attempt to mitigate their overall risk, potential rewards are opening up for other nations.


Read more: http://www.businessinsider.com/europ...#ixzz23x03O0D5
  • #48,225
  • Aug 18, 2012 8:22pm Aug 18, 2012 8:22pm
http://www.financialsense.com/contri...before-a-storm

Global markets have been enjoying a remarkable summer rally since June, remarkable for several reasons.

For one thing, the rally has been much more substantial than typical summer rallies, which are usually brief time-wise, and average about a 5% gain by the S&P 500.

This time, after topping out in March and declining 10% to its early June low, the rally is now in its third month, and the S&P 500 has gained 10% since the June low, putting it back up to exactly where it was when it topped out in March.

The rally has also been remarkable in its ability to ignore worsening conditions that normally spook markets; accelerating global economic slowdowns, declining earnings, and warnings from major corporations, to say nothing of a few additional unique concerns like the euro-zone debt crisis, and serious political dilemmas like the pending fiscal cliff in the U.S.
Another noteworthy difference has been the very low volume on which the rally has been floated higher. August is noted for low volume as investors, including the heads of large institutional investment firms, focus on getting in the last vacation weeks of the summer before children return to school and college.

But so far, this month has been very unusual in that regard, with trading volume on the NYSE running more than 30% lower than last August, and on track to be the lowest volume month since December, 2007.
Yet another noteworthy condition is that in spite of the surrounding conditions that usually spook investors and markets, investors are remarkably bullish, confident, and optimistic.

That can be seen most clearly in the VIX Index, also known as the Fear Index.

http://imagesize.financialsense.com/...-2007-2012.jpg

It was at just 13.6 on Wednesday, its lowest level of fear (highest level of bullishness) in the last five years, lower even than at any of the rally or market tops since 2007.

Could it be the calm before a storm?

The reason I ask is that in addition to the VIX Index being at low levels of fear that have marked all the tops since 2007, as noted the last time trading volume was this low was in December, 2007. And that low volume rally ended mid-month and the Dow lost 1,600 points, or 12%, over the following 6 weeks, while the Nasdaq lost 20% over the following 10 weeks.
Something to think about, given that we are also in what has historically tended to be the most troublesome three-month period of the year. August is often a reversal month. September tends to be a negative month. And October most often sees a low and upside reversal.
There is even a very overbought condition above 50-day moving averages.

http://imagesize.financialsense.com/...-50-day-ma.jpg

But maybe it’s different this time. So many seem to think so.
  • #48,226
  • Aug 18, 2012 9:13pm Aug 18, 2012 9:13pm
Quoting Gofer Pips
Time for a character change!
How about account change? Did I already tell you I am paranoid?

T
  • #48,227
  • Aug 18, 2012 11:10pm Aug 18, 2012 11:10pm
Quoting Gofer Pips
Why can't the peoples of the world just get along?

Could religion be the collective conscience of its believers?

Why would wars be fought over religion?

Don't the three major monotheistic religions worship the same God? The God of Abraham/Ibrahim?

Hinduism is worlds third largest religion behind Christianity and Islam.

Buddhism and Hinduism teach many great truths and are not subject to the same restrictive rules of the other organized religions.

Why don't the believers just follow their teachings?

Is the existence of zealots and radicals...
Hindus have 33 crore (33,00,00,000) Gods and Goddesses. A Hindu can worship as many Gods and Goddesses as he wants because ... universe is God. But there are different sub-cultures in Hindu eg. Bengali, Maratha, Dravid, Orissa etc. etc.

There are so many untold stories of how these each God / Goddesses born and then how the people started worship them.

In present age we are so busy with our daily work / profession, we really do not find time for reading ancient history. Social life is so much changed for us, even there is a big gap between the life our parents lead and the life we are living!

Technology and using the Technology for conquering power is another key which has major impact on the Religion, society and the people.

Read History of Europe, America and Asia, it is not the size of the land or natural resources you have but it is all about the mindset which helped one civilization to have an edge on others!

Ships have been developed during the ice age period, far before when Veda, Koran or Bible is written! And we know the impact of Ships and sailors in the History.

Present age is considered as a free world market, but are the business conditions really allows one ordinary business man to participate in the world market fairly?

This human civilization / society are actually and always been manipulated by some "Cleaver-Mindset" sometime fear of God, sometime fear of Gun.
  • #48,228
  • Aug 19, 2012 12:58am Aug 19, 2012 12:58am
Quoting rekon67
Hindus have 33 crore (33,00,00,000) Gods and Goddesses. A Hindu can worship as many Gods and Goddesses as he wants because ... universe is God. But there are different sub-cultures in Hindu eg. Bengali, Maratha, Dravid, Orissa etc. etc.

There are so many untold stories of how these each God / Goddesses born and then how the people started worship them.

In present age we are so busy with our daily work / profession, we really do not find time for reading ancient history. Social...
Ohhhhhhh are you a nasthik ?
finding A M S
  • #48,229
  • Aug 19, 2012 1:01am Aug 19, 2012 1:01am
Quoting halkins
Wow...I am ready... got my stuff packed, where are we going to meet?
Okey... in 'Island Paradise', BALI - Indonesian in HERE

You can ask to KillerWhale, He visited and what's Impression are found in there... ?

Many Tourist Locations to see & enjoy with the Mileage isn't too far.
See at Sunset in KUTA Beach, visit to Tanah LOT etc.


NOTICE :
I don't promote a part the Islands of my Country.
Attached Image (click to enlarge)
Click to Enlarge Name: Tanah Lot, BALI Indonesian.jpg Size: 107 KB
Always looking the GREAT, never left GOOD Point...
  • #48,230
  • Aug 19, 2012 1:11am Aug 19, 2012 1:11am
Quoting rekon67
Hindus have 33 crore (33,00,00,000) Gods and Goddesses. A Hindu can worship as many Gods and Goddesses as he wants because ... universe is God. But there are different sub-cultures in Hindu eg. Bengali, Maratha, Dravid, Orissa etc. etc.

There are so many untold stories of how these each God / Goddesses born and then how the people started worship them.

In present age we are so busy with our daily work / profession, we really do not find time for reading ancient history. Social...

are you in bangalore now ? beware of monthly candle if you are bearish .
finding A M S
  • #48,231
  • Aug 19, 2012 1:34am Aug 19, 2012 1:34am
Quoting prashant7
are you in bangalore now ? beware of monthly candle if you are bearish .
Thanks prasant, yes am in Bangalore.

My projections for next week is here

Surely Monthly got good support at 1.225x level but I think 1.244x is better resistance ;-)

Overall sentiment for this month is sideways because lack of market driven news.
  • #48,232
  • Aug 19, 2012 1:43am Aug 19, 2012 1:43am
Quoting rekon67
Thanks prasant, yes am in Bangalore.

My projections for next week is here

Surely Monthly got good support at 1.225x level but I think 1.244x is better resistance ;-)

Overall sentiment for this month is sideways because lack of market driven news.
where exactly ? may be nearby jp nagar i guess ./ just because 244 is holding this pair is being hammered by pT ( kidding ) or else it would bounce to 1.26-27 ( no stopping it as we have already seen 244 has provided enormous support for euro in a power full downtrend . this week would decide the short term fate . But again i still see the euro dropping to 1.195 levels before any strong upmove technically . ( not funny mental moves by tricky ecb 's draghi any ways ) . cool
finding A M S
  • #48,233
  • Aug 19, 2012 1:45am Aug 19, 2012 1:45am
Quoting rekon67
Thanks prasant, yes am in Bangalore.

My projections for next week is here

Surely Monthly got good support at 1.225x level but I think 1.244x is better resistance ;-)

Overall sentiment for this month is sideways because lack of market driven news.
Hi rekon Bro,

Nice Chart ! These the first time, I look your Chart...
Always looking the GREAT, never left GOOD Point...
  • #48,234
  • Aug 19, 2012 1:47am Aug 19, 2012 1:47am
Quoting prashant7
Ohhhhhhh are you a nasthik ?
I believe the nature surrounding us is the Supreme. Are we educated and self-motivated enough to worship the nature?

Human beings are such a complex puzzle ... all individuals think differently!
  • #48,235
  • Aug 19, 2012 1:50am Aug 19, 2012 1:50am
Quoting Tsar
Hi rekon Bro,

Nice Chart ! These the first time, I look your Chart...
TY Tsar

I find it simple and working since I do maximum of two trades in a day and only in E/U ;-)

I am looking forward to post my results end of this month.
  • #48,236
  • Aug 19, 2012 1:50am Aug 19, 2012 1:50am
Quoting rekon67
I believe the nature surrounding us is the Supreme. Are we educated and self-motivated enough to worship the nature?

Human beings are such a complex puzzle ... all individuals think differently!
yes . respect for the nature is more than enough in this type of changing world .indeed nature is supreme
finding A M S
  • #48,237
  • Aug 19, 2012 1:55am Aug 19, 2012 1:55am
Quoting prashant7
where exactly ? may be nearby jp nagar i guess ./ just because 244 is holding this pair is being hammered by pT ( kidding ) or else it would bounce to 1.26-27 ( no stopping it as we have already seen 244 has provided enormous support for euro in a power full downtrend . this week would decide the short term fate . But again i still see the euro dropping to 1.195 levels before any strong upmove technically . ( not funny mental moves by tricky ecb 's draghi any ways ) . cool
My area is Marathalli (Outer Ring road?) JP Nagar is only 45 mins distance by Bus I guess ;-)

Reaching 1.26 area seems optimistic .. but who knows
  • #48,238
  • Edited 2:26am Aug 19, 2012 2:02am | Edited 2:26am
Quoting rekon67
My area is Marathalli (Outer Ring road?) JP Nagar is only 45 mins distance by Bus I guess ;-)

Reaching 1.26 area seems optimistic .. but who knows
oh cool . i thought even of outer ring road , as you are a software developer . ( near by white field area ) . so do you use Wire tansfers
finding A M S
  • #48,239
  • Aug 19, 2012 2:10am Aug 19, 2012 2:10am
Quoting prashant7
oh cool . i thought even of outer ring road , as you are a software developer . ( near by white field area ) . so do you use Wire tansfers from hdfc
Now you are asking confidential infos =D

RBI regulated Banks all are after these infos ;-)

Selling INR against foreign currencies are illegal and Banks expect a satisfactory answer for all foreign remittances ;-)
  • #48,240
  • Aug 19, 2012 2:23am Aug 19, 2012 2:23am
Quoting rekon67
Now you are asking confidential infos =D

RBI regulated Banks all are after these infos ;-)

Selling INR against foreign currencies are illegal and Banks expect a satisfactory answer for all foreign remittances ;-)
oh sorry for that . i thought you would take it light . anyways we knew what to answer doesn't we ? fine we will chat on this in private, anytime soon . just had few clarifications . but are you trading for OPM also .
finding A M S
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