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  • #784,041
  • Apr 7, 2013 9:57am Apr 7, 2013 9:57am
Quoting Ken A
Like this? http://www.youtube.com/watch?v=JtkX3OyPF4Q
Everyday example of public UNeducation. Dumbed down sheeple are easier to distract with bread and circuses.
Trade smaller than rational because the market is irrational...
  • #784,042
  • Apr 7, 2013 9:58am Apr 7, 2013 9:58am
If you like data, here you have some.

Statisics are measuring strength of waves in current midcycle. Setup is a followed: Relative strength min 25%, wave heigth min 200 pips, measured on Daily close, Oanda UK data.

So, from this point of view, we are currently trying to break bearish trend, with rel strength of 142% and absolute 860 pips. Currently, we are in 24% correction with abs strength of 207 pips. So in order to mark 27.3. as new low, we would need to climb up a bit more, with minimum target @ 35% - 1,31. Bearish pressure is strong and after such long rallies, it is hard to break it (read, to break peoples bias to be short), so if this is low of current trend and we are about to a) correct b) start bullish trend, we are very possibly going to have a chop zone for coming days, as we need to retest 35%, then 60%, and so on. Chop zone can even last for like 2 weeks.

T
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"I know one thing, that I know nothing." Sokrates
  • #784,043
  • Apr 7, 2013 10:07am Apr 7, 2013 10:07am
Quoting EuroTraderJD
In most states if it is less than 1 oz in one bag its considered personal consumption...
1oz???
man, that's quite a lot...
  • #784,044
  • Apr 7, 2013 10:12am Apr 7, 2013 10:12am
Quoting math_GB
Come on mate, you know as well as many, you need these large institutions for many reasons, no matter what you may say such as "nothing is too big to fail", some actually are..
This could very well end up as another essay, but I have to strongly disagree here. If you ever become too big to fail in any aspect of life, you are on the best way to become monopoly. It is actually natural evolution of any system and right now, capitalism has entered the stage, where it becomes oligopolized, and officials become paid by the system, therefore you are one inch close to have a monopoly running. Thats just how evolution works. If you go forward with this scenario and accept too big to fail policy, you are going to get raped by Goldman Sachs really hard, cause they are going to become monopoly and dominate the world. You just cant be approving that, since, as you know, monopoly aint efficient system. And btw, current troubles capitalism is having are here because of oligopolization of system. We need to get the power (read cash) back to middle class, not to support current system. They have to fail, because they have cheated.
"I know one thing, that I know nothing." Sokrates
  • #784,045
  • Apr 7, 2013 10:12am Apr 7, 2013 10:12am
Quoting ec_creep
1oz??? man, that's quite a lot...
It all depends my man - on the man...dont bogart that joint my friend
Trade smaller than rational because the market is irrational...
  • #784,046
  • Apr 7, 2013 10:14am Apr 7, 2013 10:14am
Quoting Tom_D_Trader
you are going to get raped by Goldman Sachs really hard
Goldman Sucks is in the business of raping their muppets and business is GOOD
Trade smaller than rational because the market is irrational...
  • #784,047
  • Apr 7, 2013 10:17am Apr 7, 2013 10:17am
Quoting math_GB
Swiss boy, you can guess what I am about to say How many times two Swiss banks fooked up with its own core equity holders and how many times they have actually been awarded for the failures Come on mate, you know as well as many, you need these large institutions for many reasons, no matter what you may say such as "nothing is too big to fail", some actually are. Let US Citibank go bust and we will not be able to withdraw any cash from atm s you do know that right...? Since Citi has two side relations with almost all major institutions,...
I never said I have a solution. It's just an observation, one that imo will all bit us in the ass sometimes in the future...sadly.
  • #784,048
  • Apr 7, 2013 10:18am Apr 7, 2013 10:18am
Quoting Tom_D_Trader
This could very well end up as another essay, but I have to strongly disagree here. If you ever become too big to fail in any aspect of life, you are on the best way to become monopoly. It is actually natural evolution of any system and right now, capitalism has entered the stage, where it becomes oligopolized, and officials become paid by the system, therefore you are one inch close to have a monopoly running. Thats just how evolution works. If you go forward with this scenario and accept too big to fail policy, you are going to get raped by Goldman...
I said it is not fair but it is what it is mate... Untill they let them fail, they will pull every trick possible to keep them alive and one should play it by their rules and not what you or I think...
  • #784,049
  • Apr 7, 2013 10:23am Apr 7, 2013 10:23am
Quoting math_GB
I said it is not fair but it is what it is mate... Untill they let them fail, they will pull every trick possible to keep them alive an one should play it by their rules and not what you or I think...
Sadly, that is true. I thought you were approving that. People at power wont let the system fail. So currently, those banks are too big to fail. But they are not too big to fail for us, ordinary people, but for those at power, who need them to stay. As if they fall, politicians fall as well.

Sad, isnt it, but heck, print the money noobs, buy the bonds, inflate the debt away, I am going to ride with you and have a good time.
"I know one thing, that I know nothing." Sokrates
  • #784,050
  • Apr 7, 2013 10:25am Apr 7, 2013 10:25am
Quoting Tom_D_Trader
Sadly, that is true. I thought you were approving that. People at power wont let the system fail. So currently, those banks are too big to fail. But they are not too big to fail for us, ordinary people, but for those at power, who need them to stay. As if they fall, politicians fall as well. Sad, isnt it, but heck, print the money noobs, buy the bonds, inflate the debt away, I am going to ride with you and have a good time.
What other option do we have
  • #784,051
  • Apr 7, 2013 10:30am Apr 7, 2013 10:30am
Looks like market will open with a gap down, so what the plan?

Where's Qatari Man
  • #784,052
  • Apr 7, 2013 10:39am Apr 7, 2013 10:39am
Quoting Ken A
Looks like market will open with a gap down, so what the plan? Where's Qatari Man
Hey brother Ken how do you know this?

My plan is: already short @ 1.3017 with more positions below.

Every good solider has plan B and mine is: long @ 1.3031 with more positions above

Got it covered.
Trade smaller than rational because the market is irrational...
  • #784,053
  • Apr 7, 2013 10:41am Apr 7, 2013 10:41am
Quoting EuroTraderJD
Hey brother Ken how do you know this? My plan is: already short @ 1.3017 with more positions below. Every good solider has plan B and mine is: long @ 1.3031 with more positions above Got it covered.
http://www.xe.com/
  • #784,054
  • Apr 7, 2013 10:44am Apr 7, 2013 10:44am
Quoting Ken A
http://www.xe.com/
Thanks bro. It looks like I will be in high clover. Time to open up that 1oz bag and roll on...
Trade smaller than rational because the market is irrational...
  • #784,055
  • Apr 7, 2013 10:46am Apr 7, 2013 10:46am
E/J is 126.00 probably will buy at open
  • #784,056
  • Apr 7, 2013 10:47am Apr 7, 2013 10:47am
Quoting EuroTraderJD
Thanks bro. It looks like I will be in high clover. Time to open up that 1oz bag and roll on...


pass le oinj
  • #784,057
  • Apr 7, 2013 10:48am Apr 7, 2013 10:48am
Quoting Ken A
E/J is 126.00 probably will buy at open
125.54 isn't valid anymore?
  • #784,058
  • Apr 7, 2013 10:50am Apr 7, 2013 10:50am
Gap down is not a big deal after that huge movement on Friday and me thinks it is very possible. PA has to take down margins who were long too late and bearish trend is still strong. I am expecting gap down and heavy fight for 291 - 303 range whole Monday. Really looking forward for that one.
"I know one thing, that I know nothing." Sokrates
  • #784,059
  • Apr 7, 2013 10:51am Apr 7, 2013 10:51am
Quoting ec_creep
125.54 isn't valid anymore?
It doesn't have to be respected, it could be just noise from U/J and E/U
  • #784,060
  • Edited 12:21pm Apr 7, 2013 10:52am | Edited 12:21pm
Have been to the country house for the first time this year. In time: saved the roof. Trip talk: 2 girls. 2 names, 1 mobile, 1 date. For forex distraction.

I always repeated, that destiny - game. That what for to us a fish, if there is caviar. That Gothic style will win, as school as capacity to stick out, having avoided an injection. I sit at a window. Behind a window an aspen. I loved the few. However - it was strong. I considered, that a wood - only a part of a log. That what for all maiden if there is a knee. That, got tired from the dust lifted by a century, Russian eye will have a rest on the Estonian spike. I sit at a window. I have washed the dishes. I was happy here, and no more I shall be. I wrote, that in a bulb - horror of a floor. That love, as the act, deprived of a verb. That did not know Evclid, that descending on a cone, a thing finds not a zero, but Khronos. I sit at a window. I recall a youth. I shall smile to a plenty, at times spit off. I have told, that the leaf destroys a bud. Also that the seed, having fallen off in bad ground, does not give runaway; that a meadow with a field an example of wronghanding, in the Nature given. I sit at a window, having clasped knees, in a society of own heavy shadow. My song was deprived of a rithm, but thanks to- iimpossible for chorus singing. Not a miracle, that in the award to me for such speaches nobody puts her legs on my shoulders. I sit in darkness; as express train the sea rattles behind a wavy curtain. The citizen of a second-grade epoch, I accept the goods of the second rate my best thoughts, and to forthcoming days I give them, as experience of struggle against an asthma. I sit in darkness. And it's not too bad within a room, than darkness outside.
Josef Brodski -Nobel prize winner poet



I considered, that a wood - only a part of a log. That what for all maiden if there is a knee.
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