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  • #773,381
  • Mar 18, 2013 11:08am Mar 18, 2013 11:08am
Quoting Firstboss
Well, you can't really expect your country to be a dominant global power that pushes business interests of its corporations globally and by any means available. As soon as others grow enough muscles (like China) they rightfully claim their share of the world markets. You can only respect their success
The US had a massive headstart after WW2...Europe was in shambles, Japan was a pile of rubble, and China/India were still recovering from colonialism. Up until around the end of the 20th century the planet was lead (almost) unilaterally by the US...they said "jump", the others asked "how high" (at least those who mattered). Nowadays we live in a multilateral world with more than one true superpower, a trend that's increasing. It's something the US has to come to terms with.
  • #773,382
  • Mar 18, 2013 11:09am Mar 18, 2013 11:09am
Quoting gatorinla
one milli amp will do the job.
You might be right.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #773,383
  • Mar 18, 2013 11:12am Mar 18, 2013 11:12am
Looking to buy...
Enter Signature
  • #773,384
  • Mar 18, 2013 11:13am Mar 18, 2013 11:13am
Blackswans are not what they used to be anymore on this rigged market.
"You're solid gold, see you in hell"
  • #773,385
  • Mar 18, 2013 11:13am Mar 18, 2013 11:13am
As Euro break today's high at 1.2976, I added half position.
This is scalping trade, target is 1.2995
Other two positions remains, targets are 1.3030 and 1.3041



Quoting fx-analyst
I changed take profit for one position to 1.3030 (fibo 1.62)
Attached Image (click to enlarge)
Click to Enlarge Name: Euro1-buy-March18-add-to-position.jpg Size: 67 KB
  • #773,386
  • Mar 18, 2013 11:14am Mar 18, 2013 11:14am
Quoting 4exNinja
The US had a massive headstart after WW2...Europe was in shambles, Japan was a pile of rubble, and China/India were still recovering from colonialism. Up until around the end of the 20th century the planet was lead (almost) unilaterally by the US...they said "jump", the others asked "how high" (at least those who mattered). Nowadays we live in a multilateral world with more than one true superpower, a trend that's increasing. It's something the US has to come to terms with.
Yes. Additionally, during the cold war the USA rightfully enjoyed the status of the only safe investment heaven. Unfortunately, between the 1990 and 2008 the country has been run by old-school politicians with the cold-war blak-and-white mentality. They were too outdated to see the rapidly changing world, new investment climate map, and global re-positioning by corporations.
China is getting more and more self-sufficient as a consumer market, and less dependent on exports to the US
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,387
  • Mar 18, 2013 11:15am Mar 18, 2013 11:15am
Finally a breakout up! Riding EUR/USD till 1.3040 now, EUR/JBP is simply delicious as well
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,388
  • Mar 18, 2013 11:16am Mar 18, 2013 11:16am
@Attila you are the man

is it safe for a sell from 2995? if so what is the tp from there?
  • #773,389
  • Mar 18, 2013 11:16am Mar 18, 2013 11:16am
Target for scalping trade reached just in 5 minutes of trading, profit is 17 pip

Quoting fx-analyst
As Euro break today's high at 1.2976, I added half position.
This is scalping trade, target is 1.2995
Other two positions remains, targets are 1.3030 and 1.3041
  • #773,390
  • Mar 18, 2013 11:17am Mar 18, 2013 11:17am
Quoting Firstboss
Well, you can't really expect your country to be a dominant global power that pushes business interests of its corporations globally and by any means available. As soon as others grow enough muscles (like China) they rightfully claim their share of the world markets. You can only respect their success.

It's a bit too late to do anything about it (this long-term economic power shift started with Reaganomics) - at this point one can only observe the shift while eating popcorn.
since i have an industrial/process background. i may have a different take on things. I know the most expensive thing in most manufacturing is energy.. not labor. for instance, Chrysler's labor cost is about 10%... the rest is mostly raw materials and labor cost. with the majority cost in energy.. And one of the cheapest places to produce a car atm is north America. And its getting cheaper, even cheaper then China..
those who can, do. those who cant, talk about those who can
  • #773,391
  • Mar 18, 2013 11:18am Mar 18, 2013 11:18am
there's 95.. let's see if it turns here..
  • #773,392
  • Mar 18, 2013 11:18am Mar 18, 2013 11:18am
Quoting 4exNinja
This only works if all market participants act rationally...which CLEARLY isn't the case. Like I said, it's a THEORY, not a practical blueprint.

And not all government intervention is automatically bad. For example, back home in Switzerland we have fairly stringent environmental laws...which obviously infringe on business activity, so it's anti-capitalist. On the other hand, our air doesn't look like the air in Shanghai, so overall I believe we're better off.

Or look at the financial crisis! It didn't happen because the government made those...
The crysis happened precisely because banks acted rationally. They responded to the implicit guarantees of US gov mortgage companies who bought the mortgages the banks originated- the banks signed the mortgages while the government took the risks. Again- government's fault. Just recently they made those same companies now fully government owned again provide 3% downpayment 3% interest mortgages to people who cant afford it- I'm sure it'll work out differently from last time!

The swiss banking sector is not better because is more regulated- its better cause if the bank fails the people running it are responsible with their own wealth for the losses: that's the only "deregulation" that was harmful in the US along with allowing banks to gamble with depositor money. But Switzerland doesnt stand any better in that category.

Popution: you can legislate that no problem and in the process maybe lose business. You can afford it so far so its no problem.

But youre wrong about minimum wage. Recently in american samoa I think it was ? The US gov imposed a minimum wage to improve things. Guess what happens next ? The 2 biggest local employers- fish canneries immediately go out of business and fire everyone. Instant 30% unemployment and everything in stores costs vastly more. Why ? Cause those fish canneries shipped stuff out of the island which allowed the container ships to charge less for imports. No more exports meant they had to charge more for stuff coming in. The wonders of the minimum wage lol. Your situation in switzerland only proves theres still high demand for labor there and appreciation for the business climate so those regulations are still below what the market can sustain.
  • #773,393
  • Mar 18, 2013 11:19am Mar 18, 2013 11:19am
Quoting PIP.Scalper
@Attila you are the man

is it safe for a sell from 2995? if so what is the tp from there?
should but the PA doesn't say sell atm.. have to wait..
  • #773,394
  • Mar 18, 2013 11:19am Mar 18, 2013 11:19am
Quoting gatorinla
one milli amp will do the job.
It's the volts that jolt but the mils that kill.
  • #773,395
  • Mar 18, 2013 11:19am Mar 18, 2013 11:19am
Quoting SpacyTrader
You can demand what you like with your social contracts. The people actually owning the wealth have decided not to pay for it and they already shipped all the production infrastructure out of the west while you werent looking. Guess what that means ? You're not gonna get all those benefits you came to expect. Period. Walmart employees are being made part time workers so as to avoid paying for obamacare btw. As for the rest of the reduction in your standard of living- it'll be accomplished via inflation.

First both husband and wife had to work...
Think globally, the USA is not the only working model. McDonalds gives a dignified treatment to its employees in Europe. You'll be surprised, but in the Netherlands, for example, they get sick leave, paid vacation, 38-hour work week. They all have teeth, and they fill like equal members of the society.
As a result there is less aggression and stress in the society, there is less spending on police and prisons, there is less costly health care.
Surprisingly, McDonaldses are everywhere - somehow they are able to fit that profit margin in their business model.
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,396
  • Mar 18, 2013 11:20am Mar 18, 2013 11:20am
Quoting gatorinla
since i have an industrial/process background. i may have a different take on things. I know the most expensive thing in most manufacturing is energy.. not labor. for instance, Chrysler's labor cost is about 10%... the rest is mostly raw materials and labor cost. with the majority cost in energy.. And one of the cheapest places to produce a car atm is north America. And its getting cheaper, even cheaper then China..
Give it time until they build enough pipelines to ship the oil and LNG out...
  • #773,397
  • Mar 18, 2013 11:20am Mar 18, 2013 11:20am
Quoting P.Action
maybe bro. some zoom in. i planned route with fibo retrc. so i wait 1.2851 for band bottom break, 1.2995 for band highest break. why are you waiting 2816? is there sth. that i leave something out of account

Attachment

61.8 , 1.2995 is hit like you said
  • #773,398
  • Mar 18, 2013 11:21am Mar 18, 2013 11:21am
oh, btw London closing in 10..
  • #773,399
  • Mar 18, 2013 11:21am Mar 18, 2013 11:21am
Quoting Bocephus
with u as well attila i think we see at least 2990ish
  • #773,400
  • Mar 18, 2013 11:21am Mar 18, 2013 11:21am
Quoting attila
there's 95.. let's see if it turns here..
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