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  • #772,441
  • Edited 7:41am Mar 17, 2013 6:58am | Edited 7:41am
I just placed 4 limit orders selling UCAD @ 1.0200 target 1.0000 and sl 1.0230. Let's see if that works. I'll give it 2 weeks.
Even if it doesn't go below 1.0100 it still will be a great trade.

Each order is $5.00 per pip.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,442
  • Mar 17, 2013 7:06am Mar 17, 2013 7:06am
Quoting math_GB
http://news.uk.msn.com/world/nervous...ash-machines-2

Nervous depositors in Cyprus have rushed to ATM machines to drain their accounts following a bailout agreement with international creditors that includes a levy on all the country's bank accounts.
Lines formed at many ATMs as people scrambled to pull their money out after word that the 10 billion euro (£8.6bn) rescue package Cyprus agreed with its euro area partners and the International Monetary Fund included one-off levy on deposit, an unprecedented step in the eurozone...
I still think this is extremely funny, but that's probably because I have NO money in Cypress.
It would not be funny if they did that here in the US or in one of my offshore hideouts.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,443
  • Mar 17, 2013 7:48am Mar 17, 2013 7:48am
Quoting KillerWhale
I just placed 4 limit orders selling UCAD @ 1.0200 target 1.0000 and sl 1.0230. Let's see if that works. I'll give it 2 weeks.
Even if it doesn't go below 1.0100 it still will be a great trade.

Each order is $5.00 per pip.
what broker are you using that allows you to put pending orders while market is closed????
  • #772,444
  • Mar 17, 2013 7:49am Mar 17, 2013 7:49am
I found one logic very usefull and interesting - regarding Cyprus:

1. Russians flooded the cyprus banks with money from where is not paid taxes - and throug them buing out companies and real estate throughout EU.
2. When crysis started they have taken a lot of money out therefore making Cyprus in deep s*&t (As cyprus dont have other important sectors from where money comes in to the country - some tourism...)
3. There is political game EU, USA vs. Russia - Cyprus is with Russia or with EU (they have to choose accept Troika help or Russian) - if Russian you are out of the club EU.
4. When they add tax 9% they cut the russians financial power in EU.
5. Actualy 10 bln is not making any impact on EU/USD market as Cyprians ammount is very tiny.

Logicaly they are doing right - you can loose everything in case of bancrupcy or 9% in exchange on bank shares
  • #772,445
  • Mar 17, 2013 7:52am Mar 17, 2013 7:52am
Quoting PIP.Scalper
what broker are you using that allows you to put pending orders while market is closed????
Oanda, it's closed now in the weekend but you can still put pending orders in and change targets and sl's
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,446
  • Mar 17, 2013 8:46am Mar 17, 2013 8:46am
Quoting math_GB
http://news.uk.msn.com/world/nervous...ash-machines-2

Nervous depositors in Cyprus have rushed to ATM machines to drain their accounts following a bailout agreement with international creditors that includes a levy on all the country's bank accounts.
Lines formed at many ATMs as people scrambled to pull their money out after word that the 10 billion euro (£8.6bn) rescue package Cyprus agreed with its euro area partners and the International Monetary Fund included one-off levy on deposit, an unprecedented step in the eurozone...

tomorrow going to be very interesting i guess they will impose withdrawal ban or set maximum withdrawal per month it pathetic to steal money from people. i don't know what going to happen to people who have account with Cyprus broker , and we might see people line up in Italy , Spain & Greek
Mohan
  • #772,447
  • Edited 8:58am Mar 17, 2013 8:48am | Edited 8:58am
Quoting KillerWhale
I still think this is extremely funny, but that's probably because I have NO money in Cypress.
It would not be funny if they did that here in the US or in one of my offshore hideouts.
I wonder how many FX brokers which are based in Cyprus will fook their clients this week since the deposits of clients are held on their account. I am not sure whether the current condition applies to company bank accounts or individuals only.

KW, this can be an example and I fear we will see more of such measures in western countries as well. Italy,Spain, Portugal...
  • #772,448
  • Mar 17, 2013 8:52am Mar 17, 2013 8:52am
Quoting Buda

Logicaly they are doing right - you can loose everything in case of bancrupcy or 9% in exchange on bank shares
it's new model they trying on Cyprus , if it successful most country going to think about it. and people in Europe going think twice before leaving any money on bank account trading wise i see demand for chf
Mohan
  • #772,449
  • Mar 17, 2013 8:54am Mar 17, 2013 8:54am
Quoting mohan76
tomorrow going to be very interesting i guess they will impose withdrawal ban or set maximum withdrawal per month it pathetic to steal money from people. i don't know what going to happen to people who have account with Cyprus broker , and we might see people line up in Italy , Spain & Greek
You were quicker
  • #772,450
  • Mar 17, 2013 8:57am Mar 17, 2013 8:57am
Quoting math_GB
You were quicker
capitalism failed i going to vote for socialist, do we have any socialist party in Australia
Mohan
  • #772,451
  • Mar 17, 2013 9:03am Mar 17, 2013 9:03am
Quoting math_GB
I wonder how many FX brokers which are based in Cyprus will fook their clients this week since the deposits of clients are held on their account. I am not sure whether the current condition applies to company bank accounts or individuals only.

...
mine is from there, mate...
shite
  • #772,452
  • Mar 17, 2013 9:05am Mar 17, 2013 9:05am
Quoting KillerWhale
You really think that I would confess in an open forum where my money is?
With the greatest respect, whether you say what you did in jest or in all seriousness, the powers that be don't need any proof, in order to use it as an excuse to haul you over the coals. No point in inviting the tax man to check you out.
  • #772,453
  • Mar 17, 2013 9:08am Mar 17, 2013 9:08am
Quoting math_GB
I probably misunderstood your post, I don't want to dig in any more. Apologies.. Have a good weekend..!
Thanks Math,

Have a good weekend too.
  • #772,454
  • Mar 17, 2013 9:09am Mar 17, 2013 9:09am
Quoting KillerWhale
Oanda, it's closed now in the weekend but you can still put pending orders in and change targets and sl's
I think that it's true to say that most brokers allow you to place pending orders or amend existing ones at any time. It's only placing orders live at market which can't be done when the broker is closed for the weekend.
  • #772,455
  • Mar 17, 2013 9:10am Mar 17, 2013 9:10am
I can not imagine the chaos on Tuesday in Cyprus ... People will flow to banks. Scenes might provoke people living in Portugal, Spain, Greece and make them rush to banks to draw money ...

Crazy week is coming ... GOLD probably will be the only winner of the week ..
  • #772,456
  • Mar 17, 2013 9:16am Mar 17, 2013 9:16am
Quoting KillerWhale
You really think that I would confess in an open forum where my money is?
make sure it's not in bank account , you never know some country might introduce 90% levy
Mohan
  • #772,457
  • Mar 17, 2013 9:26am Mar 17, 2013 9:26am
Anyone knows which bucket shop broker has no bank account in Cyprus
  • #772,458
  • Mar 17, 2013 9:26am Mar 17, 2013 9:26am
Quoting mohan76
capitalism failed i going to vote for socialist, do we have any socialist party in Australia
I don't think there is socialist party in Aus
New voice message: Why are you calling me? If I need you, I'll call you!
  • #772,459
  • Mar 17, 2013 9:28am Mar 17, 2013 9:28am
Quoting serdarsil
I can not imagine the chaos on Tuesday in Cyprus ... People will flow to banks. Scenes might provoke people living in Portugal, Spain, Greece and make them rush to banks to draw money ...

Crazy week is coming ... GOLD probably will be the only winner of the week ..
This reminds me of the massive queues of customers trying to withdraw their funds from Northern Rock a few years ago.
  • #772,460
  • Mar 17, 2013 9:29am Mar 17, 2013 9:29am
I would like to put a question to all thread contributers which is.

Who in your opinion would you say are the best trader/s here at posting live trades which have had a high % of success.
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